Net Loss Per Share

3 Months Ended

Mar. 31, 2020

(13) Net Loss Per Share:

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



	For the three months ended
	March 31,

($ in millions and shares in thousands, except per share amounts)	2020		2019

Net loss used for basic and diluted loss
per share:
Total basic net loss
attributable to Frontier common shareholders	$	(186)	$	(87)
Effect of loss related to dilutive stock units		-		-
Total diluted net loss
attributable to Frontier common shareholders	$	(186)	$	(87)

Basic loss per share:
Total weighted average shares and unvested restricted stock
awards outstanding - basic		105,060		105,426
Less: Weighted average unvested restricted stock awards		(697)		(1,541)
Total weighted average shares outstanding - basic		104,363		103,885

Basic net loss per share
attributable to Frontier common shareholders	$	(1.78)	$	(0.84)

Diluted loss per share:
Total weighted average shares outstanding - basic		104,363		103,885
Effect of dilutive stock units		-		-
Total weighted average shares outstanding - diluted		104,363		103,885

Diluted net loss per share
attributable to Frontier common shareholders	$	(1.78)	$	(0.84)

In calculating diluted net loss per common share for the three months ended March 31, 2020 and 2019, the effect of all common stock equivalents is excluded from the computation as the effect would be antidilutive.

Stock Options

For the three months ended March 31, 2020 and 2019, previously granted options to purchase 1,344 shares issuable under employee compensation plans were excluded from the computation of diluted earnings (loss) per share (EPS) for those periods because the exercise prices were greater than the average market price of our common stock and, therefore, the effect would be antidilutive.

Stock Units

At March 31, 2020 and 2019, we had 339,544 and 485,687 stock units, respectively, issued under the Non-Employee Directors’ Deferred Fee Equity Plan (Deferred Fee Plan), the Non-Employee Directors’ Equity Incentive Plan (Directors’ Equity Plan), the 2013 Equity Incentive Plan and the 2017 Equity Incentive Plan. These securities have not been included in the diluted EPS calculation for the three months ended March 31, 2020 and 2019 because their inclusion would have an antidilutive effect. Compensation costs associated with the issuance of stock units were $0 million for each of the three months ended March 31, 2020 and 2019, respectively.