Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2011

Net Income Per Common Share [Abstract]

Calculation of Net Income per Common Share

The reconciliation of the net income per common share calculation is as follows:

	For the three months ended						For the six months ended
($ and shares in thousands, except per share amounts)	June 30,						June 30,
	2011			2010			2011			2010
Net income used for basic and diluted earnings
per common share:
Net income attributable to common shareholders of Frontier	$	32,261		$	35,121		$	86,972		$	77,686
Less:  Dividends paid on unvested restricted stock awards		(955	)		(734	)		(1,921	)		(1,375	)
Total basic and diluted net income attributable to common
shareholders of Frontier	$	31,306		$	34,387		$	85,051		$	76,311
Basic earnings per common share:
Total weighted average shares and unvested restricted stock awards
outstanding - basic		994,482			313,401			994,413			313,095
Less:  Weighted average unvested restricted stock awards		(5,125	)		(2,737	)		(4,933	)		(2,583	)
Total weighted average shares outstanding - basic		989,357			310,664			989,480			310,512
Net income per share attributable to common shareholders of Frontier	$	0.03		$	0.11		$	0.09		$	0.25
Diluted earnings per common share:
Total weighted average shares outstanding - basic		989,357			310,664			989,480			310,512
Effect of dilutive shares		805			-			1,446			286
Effect of dilutive stock units		-			473			442			-
Total weighted average shares outstanding - diluted		990,162			311,137			991,368			310,798
Net income per share attributable to common shareholders of Frontier	$	0.03		$	0.11		$	0.09		$	0.25