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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share  
Basic and Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

 

September 30, 

 

September 30, 

 

 

2017

 

2016

 

2017

 

2016

(in thousands, except per share data)

    

Common
Stock

    

Common
Stock

    

Common
Stock

    

Common
Stock

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to TSYS common shareholders

 

$

123,095

 

 

85,352

 

 

343,977

 

 

245,688

Less income allocated to nonvested awards

 

 

(231)

 

 

(391)

 

 

(871)

 

 

(1,240)

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

 

$

122,864

 

 

84,961

 

 

343,106

 

 

244,448

Average common shares outstanding (b)

 

 

183,917

 

 

182,971

 

 

183,633

 

 

182,656

Basic EPS (a)/(b)

 

$

0.67

 

 

0.46

 

 

1.87

 

 

1.34

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to TSYS common shareholders

 

$

123,095

 

 

85,352

 

 

343,977

 

 

245,688

Less income allocated to nonvested awards

 

 

(231)

 

 

(389)

 

 

(871)

 

 

(1,236)

Add income allocated to nonvested awards1

 

 

231

 

 

 -

 

 

871

 

 

 -

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

 

$

123,095

 

 

84,963

 

 

343,977

 

 

244,452

Average common shares outstanding

 

 

183,917

 

 

182,971

 

 

183,633

 

 

182,656

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

 

 

1,192

 

 

811

 

 

1,123

 

 

829

Average nonvested awards1

 

 

699

 

 

 -

 

 

717

 

 

 -

Average common and common equivalent shares outstanding (d)

 

 

185,808

 

 

183,782

 

 

185,473

 

 

183,485

Diluted EPS (c)/(d)

 

$

0.66

 

 

0.46

 

 

1.85

 

 

1.33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Under GAAP, entities that have participating securities must compute basic EPS using the two-class method and compute diluted EPS using the more dilutive approach of either the two-class method or the treasury stock method. In 2017, the Company used the two-class method for diluted EPS.  In 2016, the Company used the treasury stock method for diluted EPS .

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

 

September 30, 

 

September 30, 

 

 

2017

 

2016

 

2017

 

2016

(in thousands, except per share data)

    

Participating Securities

    

Participating Securities

    

Participating Securities

    

Participating Securities

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to nonvested awards (a)

 

$

231

 

 

391

 

$

871

 

 

1,240

Nonvested awards (b)

 

 

354

 

 

860

 

 

475

 

 

945

Basic EPS (a)/(b)

 

$

0.65

 

 

0.45

 

$

1.83

 

 

1.31

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to nonvested awards (c)

 

$

229

 

 

389

 

$

867

 

 

1,236

Average common and common equivalent shares outstanding (d)

 

 

354

 

 

860

 

 

475

 

 

945

Diluted EPS (c)/(d)

 

$

0.65

 

 

0.45

 

$

1.83

 

 

1.31

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Under GAAP, entities that have participating securities must compute basic EPS using the two-class method and compute diluted EPS using the more dilutive approach of either the two-class method or the treasury stock method. In 2017, the Company used the two-class method for diluted EPS.  In 2016, the Company used the treasury stock method for diluted EPS .