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Earnings Per Share

6 Months Ended

Jun. 30, 2019

Note 9 – Earnings Per Share

The following tables illustrate basic and diluted EPS for the three and six months ended June 30, 2019 and 2018:



	Three months ended				Six months ended
	June 30,				June 30,
	2019		2018		2019		2018
(in thousands, except per share data)	Common Stock		Common Stock		Common Stock		Common Stock
Basic EPS:
Net income attributable to TSYS common shareholders	$	162,760		142,435		324,367		284,276
Less income allocated to nonvested awards		(3)		(59)		(41)		(233)
Net income allocated to common stock for EPS calculation (a)	$	162,757		142,376		324,326		284,043
Weighted average shares outstanding		176,962		182,355		177,697		181,992
Less participating securities		(3)		(76)		(22)		(150)
Average common shares outstanding (b)		176,959		182,279		177,675		181,842
Basic EPS (a)/(b)	$	0.92		0.78		1.83		1.56

Diluted EPS:
Net income attributable to TSYS common shareholders	$	162,760		142,435		324,367		284,276
Less income allocated to nonvested awards		(3)		(59)		(41)		(233)
Add income reallocated to nonvested awards¹		3		59		41		233
Net income allocated to common stock for EPS calculation (c)	$	162,760		142,435		324,367		284,276
Weighted average shares outstanding		176,962		182,355		177,697		181,992
Less participating securities		(3)		(76)		(22)		(150)
Average common shares outstanding		176,959		182,279		177,675		181,842
Increase due to assumed issuance of shares related to common equivalent shares outstanding		986		881		926		1,064
Average nonvested awards¹		569		415		597		551
Average common and common equivalent shares outstanding (d)		178,514		183,575		179,198		183,457
Diluted EPS (c)/(d)	$	0.91		0.78		1.81		1.55

1	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.

The diluted EPS calculation excludes stock options and nonvested awards that are exercisable into 0.1 million and 0.2 million common shares for the three and six months ended June 30, 2019, respectively, and excludes 0.4 million common shares for the three and six months ended June 30, 2018, because their inclusion would have been anti-dilutive.