TOTAL SYSTEM SERVICES, INC
Statement re Computation of Per Share Earnings
The following computations set forth the calculations of primary and fully
diluted earnings per share for the twelve months ended December 31, 1995, 1994
and 1993.
Twelve Months Ended Twelve Months Ended Twelve Months Ended
December 31, 1995 December 31, 1994 December 31, 1993
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Fully Fully Fully
Primary Diluted Primary Diluted Primary Diluted
Earnings Earnings Earnings Earnings Earnings Earnings
Per Share Per Share Per Share Per Share Per Share Per Share
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Net income $27,730,102 $27,730,102 $22,490,144 $22,490,144 $20,223,061 $20,223,061
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Weighted average number of common shares
outstanding 64,631,613 64,631,613 64,629,562 64,629,562 64,405,640 64,405,640
Increase due to assumed issuance of shares
related to stock options outstanding 65,043 76,794 55,274 63,859 - -
Increase due to contingently issuable
shares associated with an acquisition 10,989 10,989 - 37,651 23,408 70,224
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Adjusted weighted average number of common
and common equivalent shares outstanding 64,707,645 64,719,396 64,684,836 64,731,072 64,429,048 64,475,864
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Net income per common and common equivalent
share $ .43 $ .43 $ .35 $ .35 $ .31 $ .31
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