NetSpend 2015 Annual Report Download - page 77

$11.9 million, respectively, as of December 31, 2015 and 2014. The Company recognized gains of $4.0 million,
$0.8 million, and $1.0 million due to increases in fair value in the years ended December 31, 2015, 2014 and
2013, respectively.
Note 17 Employee Benefit Plans
The Company provides benefits to its employees by offering employees participation in certain defined
contribution plans. The employee benefit plans through which TSYS provided benefits to its employees during
2015 are described as follows:
RETIREMENT SAVINGS AND STOCK PURCHASE PLANS: TSYS maintains a single plan, the Retirement
Savings Plan, which is designed to reward all team members of TSYS U.S.-based companies with a uniform
employer contribution. The terms of the plan provide for the Company to match 100% of the employee
contribution up to 4% of eligible compensation. The Company can make discretionary contributions up to
another 4% based upon business conditions.
The Company also maintains a stock purchase plan for employees. The Company contributes 15% of employee
contributions. The funds are used to purchase presently issued and outstanding shares of TSYS common stock on
the open market at fair market value for the benefit of participants. The Company’s contributions to the plans
charged to expense for the years ended December 31, 2015, 2014 and 2013 are as follows:
(in thousands) 2015 2014 2013
TSYS Retirement Savings Plan ............................................. $24,169 17,531 14,506
TSYS Stock Purchase Plan ................................................. 1,378 1,288 1,236
POSTRETIREMENT MEDICAL BENEFITS PLAN: TSYS provides certain medical benefits to qualified retirees
through a postretirement medical benefits plan, which is immaterial to the Company’s consolidated financial
statements. The measurement of the benefit expense and accrual of benefit costs associated with the plan do not
reflect the effects of the 2003 Medicare Act. Additionally, the benefit expense and accrued benefit cost
associated with the plan, as well as any potential impact of the effects of the 2003 Medicare Act, are not
significant to the Company’s consolidated financial statements.
Note 18 Equity
DIVIDENDS: Dividends on common stock of $73.7 million were paid in 2015, compared to $74.8 million and
$56.5 million in 2014 and 2013, respectively. The increase in dividends paid in 2014 compared to 2013 is due to
the acceleration of payment of the fourth quarter 2012 dividend. The fourth quarter 2012 dividend payment was
paid in December 2012, rather than January 2013, to allow shareholders to benefit from the lower dividend tax
rate that was set to expire on December 31, 2012.
EQUITY COMPENSATION PLANS: The following table summarizes TSYS’ equity compensation plans by
category as of December 31, 2015:
(in thousands, except per share data)
Plan Category
(a)
Number of securities to
be issued upon exercise
of outstanding options,
warrants and rights
(b)
Weighted-average
exercise price of
outstanding
options, warrants
and rights
(c)
Number of securities remaining
available for future issuance
under equity compensation plans
(excluding securities reflected in
column (a))
Equity compensation plans
approved by security holders .... 4,475 $28.0718,5502
The Company does not have any equity compensation plans that were not approved by security holders.
1 Weighted-average exercise price represents 2,887 thousand options only and does not include performance shares and
other awards that have no exercise price.
2 Shares available for future grants under the Total System Services Inc. 2007 Omnibus Plan and 2012 Omnibus Plan, which
could be in the form of options, nonvested awards and performance shares.
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