Earnings Per Share

6 Months Ended

Jun. 30, 2016

Earnings Per Share

Note 10 – Earnings Per Share

The following tables illustrate basic and diluted EPS for the three and six months ended June 30, 2016 and 2015:

	Three months ended June 30,
	2016				2015
(in thousands, except per share data)	Common Stock		Participating   Securities		Common Stock		Participating   Securities
Basic EPS:
Net income attributable to TSYS common shareholders	$	69,708				82,839
Less income allocated to nonvested awards		(347)		347		(724)		724
Net income allocated to common stock for EPS calculation (a)	$	69,361		347		82,115		724
Average common shares outstanding (b)		183,724		934		182,204		1,625
Basic EPS (a)/(b)	$	0.38		0.37		0.45		0.45
Diluted EPS:
Net income attributable to TSYS common shareholders	$	69,708				82,839
Less income allocated to nonvested awards		(346)		346		(721)		721
Net income allocated to common stock for EPS calculation (c)	$	69,362		346		82,118		721
Average common shares outstanding		183,724		934		182,204		1,625
Increase due to assumed issuance of shares related to common equivalent shares outstanding		874				1,191
Average common and common equivalent shares outstanding (d)		184,598		934		183,395		1,625
Diluted EPS (c)/(d)	$	0.38		0.37		0.45		0.44

	Six months ended June 30,
	2016				2015
(in thousands, except per share data)	Common Stock		Participating   Securities		Common Stock		Participating   Securities
Basic EPS:
Net income attributable to TSYS common shareholders	$	160,336				160,594
Less income allocated to nonvested awards		(850)		850		(1,437)		1,437
Net income allocated to common stock for EPS calculation (a)	$	159,486		850		159,157		1,437
Average common shares outstanding (b)		183,489		989		182,487		1,667
Basic EPS (a)/(b)	$	0.87		0.86		0.87		0.86
Diluted EPS:
Net income attributable to TSYS common shareholders	$	160,336				160,594
Less income allocated to nonvested awards		(847)		847		(1,431)		1,431
Net income allocated to common stock for EPS calculation (c)	$	159,489		847		159,163		1,431
Average common shares outstanding		183,489		989		182,487		1,667
Increase due to assumed issuance of shares related to common equivalent shares outstanding		846				1,145
Average common and common equivalent shares outstanding (d)		184,335		989		183,632		1,667
Diluted EPS (c)/(d)	$	0.87		0.86		0.87		0.86

The diluted EPS calculation excludes stock options and nonvested awards that are convertible into 0.2 million and 0.4 million common shares for the three and six months ended June 30, 2016, respectively, and excludes 1.9 million and 2.0 million common shares for the three and six months ended June 30, 2015, respectively, because their inclusion would have been anti-dilutive.