Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2012

Net Income Per Common Share [Abstract]

Reconciliation 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,
	2012			2011			2012			2011
Net income used for basic and diluted earnings
per common share:
Net income attributable to common shareholders of Frontier	$	67,000		$	20,395		$	111,757		$	107,367
Less: Dividends paid on unvested restricted stock awards		(717	)		(914	)		(2,189	)		(2,835	)
Total basic and diluted net income attributable to common
shareholders of Frontier	$	66,283		$	19,481		$	109,568		$	104,532
Basic earnings per common share:
Total weighted average shares and unvested restricted stock awards
outstanding - basic		998,488			995,188			997,437			994,642
Less: Weighted average unvested restricted stock awards		(7,193	)		(4,929	)		(7,137	)		(4,917	)
Total weighted average shares outstanding - basic		991,295			990,259			990,300			989,725
Net income per share attributable to common shareholders of Frontier	$	0.07		$	0.02		$	0.11		$	0.11
Diluted earnings per common share:
Total weighted average shares outstanding - basic		991,295			990,259			990,300			989,725
Effect of dilutive shares		163			535			667			1,478
Effect of dilutive stock units		-			490			-			490
Total weighted average shares outstanding - diluted		991,458			991,284			990,967			991,693
Net income per share attributable to common shareholders of Frontier	$	0.07		$	0.02		$	0.11		$	0.11