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Net Income (Loss) Per Common Share (Tables)
3 Months Ended
Mar. 31, 2015
Net Income (Loss) Per Common Share [Abstract]  
Calculation Of Net Income (Loss) Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

($ in millions and shares in thousands, except per share amounts)

March 31,

 

 

 

 

 

 

 

2015

 

2014

Net income (loss) used for basic and diluted earnings 

 

 

 

 

 

per common share:

 

 

 

 

 

Net income (loss)

$

(51)

 

$

39 

Less:  Dividends paid on unvested restricted stock awards

 

(1)

 

 

(1)

Total basic and diluted net income (loss)

$

(52)

 

$

38 

 

 

 

 

 

 

Basic earnings per common share:

 

 

 

 

 

Total weighted average shares and unvested restricted stock

 

 

 

 

 

awards outstanding - basic

 

1,002,173 

 

 

1,000,960 

Less:  Weighted average unvested restricted stock awards

 

(7,457)

 

 

(6,934)

Total weighted average shares outstanding - basic

 

994,716 

 

 

994,026 

 

 

 

 

 

 

Basic net income (loss) per common share

$

(0.05)

 

$

0.04 

  

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

Total weighted average shares outstanding - basic

 

994,716 

 

 

994,026 

Effect of dilutive shares

 

 -

 

 

1,502 

Total weighted average shares outstanding - diluted

 

994,716 

 

 

995,528 

 

 

 

 

 

 

Diluted net income (loss) per common share

$

(0.05)

 

$

0.04