Net Income Per Common Share (Tables)

9 Months Ended

Sep. 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 nine months ended
($ and shares in thousands, except per share amounts)	September 30,						September 30,
	2011			2010			2011			2010
Net income used for basic and diluted earnings
per common share:
Net income attributable to common shareholders of Frontier	$	20,395		$	28,995		$	107,367		$	106,681
Less:  Dividends paid on unvested restricted stock awards		(914	)		(865	)		(2,835	)		(2,240	)
Total basic and diluted net income attributable to common
shareholders of Frontier	$	19,481		$	28,130		$	104,532		$	104,441
Basic earnings per common share:
Total weighted average shares and unvested restricted stock awards
outstanding - basic		995,188			993,056			994,642			585,049
Less:  Weighted average unvested restricted stock awards		(4,929	)		(4,111	)		(4,917	)		(3,180	)
Total weighted average shares outstanding - basic		990,259			988,945			989,725			581,869
Net income per share attributable to common shareholders of Frontier	$	0.02		$	0.03		$	0.11		$	0.18
Diluted earnings per common share:
Total weighted average shares outstanding - basic		990,259			988,945			989,725			581,869
Effect of dilutive shares		535			855			1,478			250
Effect of dilutive stock units		490			-			490			-
Total weighted average shares outstanding - diluted		991,284			989,800			991,693			582,119
Net income per share attributable to common shareholders of Frontier	$	0.02		$	0.03		$	0.11		$	0.18