TSYS has a 45% ownership interest in an enterprise jointly owned with two other entities which operates aircraft for the owners’ internal use. The arrangement allows each entity access to the aircraft and each entity pays for its usage of the aircraft. Each quarter, the net operating results of the enterprise are shared among the owners based on their respective ownership percentage. associated with converting Synovus stock options held by TSYS employees to TSYS options. In January 2009, TSYS adopted the authoritative guidance under ASC 808, “Collaborative.” The guidance under ASC 808 is effec- tive for reporting periods beginning after December 15, 2008, and it requires restatement of prior periods for all collaborative arrangements existing as of the effective date. TSYS records its usage of the aircraft and its share of net operating results of the enterprise in selling, general and administrative expenses. The following table illustrates basic and diluted EPS under the guidance of ASC 260: NOTE 27 Earnings Per Share NOTE 26 Collaborative Arrangement (in thousands, except per share data) Common Stock Participating Securities Common Stock Participating Securities Common Stock Participating Securities December 31, 2010 December 31, 2009 December 31, 2008 Basic EPS: Netincome................................. $193,947 215,213 250,100 Less income allocated to nonvested awards. . . . . . . . . . (959) 959 (1,644) 1,644 (2,069) 2,069 Net income allocated to common stock for EPS calculation(a)............................. $192,988 959 213,569 1,644 248,031 2,069 Average common shares outstanding(b) . . . . . . . . . . . . 195,378 975 195,623 1,511 196,106 1,640 BasicEPS(a)/(b) .............................. $ 0.99 0.98 1.09 1.09 1.26 1.26 Diluted EPS: Netincome................................. $193,947 215,213 250,100 Less income allocated to nonvested awards. . . . . . . . . . (959) 959 (1,644) 1,644 (2,069) 2,069 Net income allocated to common stock for EPS calculation(c)............................. $192,988 959 213,569 1,644 248,031 2,069 Average common shares outstanding . . . . . . . . . . . . . . 195,378 975 195,623 1,511 196,106 1,640 Increase due to assumed issuance of shares related to common equivalent shares outstanding . . . . . . . . . . . 193 63 20 Average common and common equivalent shares outstanding(d) ............................. 195,571 975 195,686 1,511 196,126 1,640 DilutedEPS(c)/(d)............................. $ 0.99 0.98 1.09 1.09 1.26 1.26 The diluted EPS calculation excludes stock options and nonvested awards that are convertible into 9.0 million common shares for the year ended December 31, 2010, and excludes 7.0 million and 5.6 million common shares for the years ended December 31, 2009 and 2008, respectively, because their inclusion would have been anti-dilutive. On January 4, 2011, TSYS announced it had acquired the remaining 49-percent interest in FNMS, effective January 1, 2011, from FNBO. The company is being rebranded as TMS. The Company acquired the remaining 49-percent for a net consideration of approximately $174.1 million. The Company acquired the remaining 49-percent for a net consideration of approximately $174.1 million. In connection with the acquisition, TSYS is relinquishing its right to certain trademarks associated with the TMS acquisition on April 1, 2010. NOTE 28 Subsequent Event 61