Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2019

Share-based Compensation

Summary of share-based compensation expense

	Three months ended			Six months ended
	June 30,			June 30,
(in thousands)	2019		2018	2019	2018
Share-based compensation	$	11,500	14,230	22,214	20,524

Summary of weighted average assumptions, and weighted average fair value of options

		Six months ended
		June 30,
	2019			2018
Number of options granted		233,667		360,118
Weighted average exercise price	$	92.37		86.90
Risk-free interest rate		2.47	%	2.55	%
Expected volatility		22.79	%	21.80	%
Expected term (years)		4.8		4.8
Dividend yield		0.56	%	0.60	%
Weighted average fair value	$	21.98		19.23

Nonvested Share Awards

Share-based Compensation

Summary of shares granted

	Six months ended
	June 30,
	2019		2018
Number of shares granted		316,755	320,853
Market value (in millions)	$	29.2	28.6

Performance and Market Based Awards

Share-based Compensation

Performance Based Award Non-Financial Metrics

Performance Measure	Definition of Measure
Adjusted diluted EPS	Adjusted earnings divided by weighted average diluted shares outstanding used for diluted EPS calculations. Adjusted earnings is net income excluding the after-tax impact of share-based compensation expense, amortization of acquisition intangibles, merger and acquisition expenses for completed acquisitions and litigation claims, judgments or settlement expenses and related legal expenses.
Net revenue	Net revenue is total revenues less reimbursable items that are recorded by TSYS as expense.
Adjusted EBITDA	Adjusted EBITDA is net income excluding equity in income of equity investments, nonoperating income/(expense), income taxes, depreciation, amortization, share-based compensation expenses and other items.