Note 11 – Earnings Per Share

The following tables illustrate basic and diluted EPS for the three and six months ended June 30, 2018 and 2017:



	Three months ended				Six months ended
	June 30,				June 30,
	2018		2017		2018		2017
(in thousands, except per share data)	Common Stock		Common Stock		Common Stock		Common Stock
Basic EPS:
Net income attributable to TSYS common shareholders	$	142,435		115,014		284,276		220,882
Less income allocated to nonvested awards		(59)		(252)		(233)		(631)
Net income allocated to common stock for EPS calculation (a)	$	142,376		114,762		284,043		220,251
Average common shares outstanding (b)		182,279		183,741		181,842		183,484
Basic EPS (a)/(b)	$	0.78		0.62		1.56		1.20

Diluted EPS:
Net income attributable to TSYS common shareholders	$	142,435		115,014		284,276		220,882
Less income allocated to nonvested awards		(59)		(252)		(233)		(631)
Add income allocated to nonvested awards1		59		252		233		631
Net income allocated to common stock for EPS calculation (c)	$	142,435		115,014		284,276		220,882
Average common shares outstanding		182,279		183,741		181,842		183,484
Increase due to assumed issuance of shares related to common equivalent shares outstanding		881		1,121		1,064		1,093
Average nonvested awards1		415		425		551		545
Average common and common equivalent shares outstanding (d)		183,575		185,287		183,457		185,122
Diluted EPS (c)/(d)	$	0.78		0.62		1.55		1.19

In accordance with the diluted EPS guidance under the two-class method, the Company uses the approach- either the treasury stock method or the two-class method assuming a participating security is not exercised- that is more dilutive. In 2018 and 2017, the Company used the two-class method.



	Three months ended				Six months ended
	June 30,				June 30,
	2018		2017		2018		2017
(in thousands, except per share data)	Participating Securities		Participating Securities		Participating Securities		Participating Securities
Basic EPS:
Net income allocated to nonvested awards (a)	$	59		252		233		631
Nonvested awards (b)		76		412		150		536
Basic EPS (a)/(b)	$	0.77		0.61		1.55		1.18

Diluted EPS:
Net income allocated to nonvested awards (c)	$	59		250		232		628
Average common and common equivalent shares outstanding (d)		76		412		150		536
Diluted EPS (c)/(d)	$	0.77		0.61		1.55		1.17

EPS Amounts may not total due to rounding.

The diluted EPS calculation excludes stock options and nonvested awards that are exercisable into 0.4 million and 0.4 million common shares for the three and six months ended June 30, 2018, and excludes 0.6 million and 0.5 million common shares for the three and six months ended June 30, 2017, respectively, because their inclusion would have been anti-dilutive.