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Net Income (Loss) Per Common Share (Tables)
9 Months Ended
Sep. 30, 2015
Net Income (Loss) Per Common Share [Abstract]  
Calculation Of Net Income (Loss) Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

For the nine months ended

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

September 30,

 

September 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

2015

 

2014

Net income (loss) used for basic and diluted earnings 

 

 

 

 

 

 

 

 

 

 

 

per share:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Frontier common shareholders

$

(81)

 

$

42 

 

$

(160)

 

$

119 

Less:  Dividends paid on unvested restricted stock awards

 

(1)

 

 

(1)

 

 

(2)

 

 

(2)

Total basic and diluted net income (loss)

 

 

 

 

 

 

 

 

 

 

 

attributable to Frontier common shareholders

$

(82)

 

$

41 

 

$

(162)

 

$

117 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Total weighted average shares and unvested restricted stock

 

 

 

 

 

 

 

 

 

 

 

awards outstanding - basic

 

1,168,272 

 

 

1,002,092 

 

 

1,068,877 

 

 

1,001,656 

Less:  Weighted average unvested restricted stock awards

 

(7,065)

 

 

(7,445)

 

 

(7,233)

 

 

(7,263)

Total weighted average shares outstanding - basic

 

1,161,207 

 

 

994,647 

 

 

1,061,644 

 

 

994,393 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss) per share

 

 

 

 

 

 

 

 

 

 

 

attributable to Frontier common shareholders

$

(0.07)

 

$

0.04 

 

$

(0.15)

 

$

0.12 

  

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Total weighted average shares outstanding - basic

 

1,161,207 

 

 

994,647 

 

 

1,061,644 

 

 

994,393 

Effect of dilutive shares

 

 -

 

 

3,208 

 

 

 -

 

 

3,351 

Total weighted average shares outstanding - diluted

 

1,161,207 

 

 

997,855 

 

 

1,061,644 

 

 

997,744 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income (loss) per share

 

 

 

 

 

 

 

 

 

 

 

attributable to Frontier common shareholders

$

(0.07)

 

$

0.04 

 

$

(0.15)

 

$

0.12