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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share

Note 11 – Earnings Per Share

The following table illustrates basic and diluted EPS for the three months ended March 31, 2015 and 2014:

 

     Three months ended March 31,  
     2015      2014  
(in thousands, except per share data)    Common
Stock		      Participating
Securities		      Common
Stock		      Participating
Securities		  

Basic EPS:

            

Net income attributable to TSYS common shareholders

    $ 77,755            49,303      

Less income allocated to nonvested awards

      (712 )       712         (516 )       516   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income allocated to common stock for EPS calculation (a)

 $ 77,043      712      48,787      516   
  

 

 

     

 

 

     

 

 

     

 

 

  

Average common shares outstanding (b)

   182,772      1,709      185,763      1,989   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic EPS (a)/(b)

 $ 0.42      0.42      0.26      0.26   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted EPS:

Net income attributable to TSYS common shareholders

 $ 77,755      49,303   

Less income allocated to nonvested awards

   (709 )    709      (512 )    512   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income allocated to common stock for EPS calculation (c)

 $ 77,046      709      48,791      512   
  

 

 

     

 

 

     

 

 

     

 

 

  

Average common shares outstanding

   182,772      1,709      185,763      1,989   

Increase due to assumed issuance of shares related to common equivalent shares outstanding

   1,082      2,632   
  

 

 

     

 

 

     

 

 

     

 

 

  

Average common and common equivalent shares outstanding (d)

   183,854      1,709      188,395      1,989   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted EPS (c)/(d)

 $ 0.42      0.42      0.26      0.26   
  

 

 

     

 

 

     

 

 

     

 

 

  

The diluted EPS calculation excludes stock options and nonvested awards that are convertible into 0.9 million common shares for the three months ended March 31, 2015, and excludes 4.5 million common shares for the three months ended March 31, 2014, respectively, because their inclusion would have been anti-dilutive.