Net (Loss) Income Per Common Share (Tables)

12 Months Ended

Dec. 31, 2015

Calculation of Basic and Diluted Net (Loss) Income Per Share

The following table presents the calculation of basic and diluted net (loss) income per share for periods presented (in thousands, except per share data):

	Year ended December 31, 2015			Year ended December 31, 2014			Year ended December 31, 2013
Numerator for basic and diluted net (loss) income per share:
Net (loss) income	$	(61,833	)	$	3,070		$	338
Series B preferred stock dividends		(17,748	)		—			—
Preferred deemed dividend		—			(9,455	)		—
Net (loss) income attributable to common and participating stockholders	$	(79,581	)	$	(6,385	)	$	338
Denominator for basic and diluted net (loss) income per share:
Weighted-average shares outstanding		204,776,405			202,208,619			201,419,306
Weighted-average unvested restricted shares outstanding		(3,029,792	)		(1,338,691	)		(1,115,238	)
Denominator for basic and diluted net (loss) income per share:		201,746,613			200,869,928			200,304,068
Basic and diluted net (loss) income per share attributable to common and participating stockholders	$	(0.39	)	$	(0.03	)	$	0.00

Schedule of Potential Dilutive Common Shares

The following table summarizes shares subject to exercise or vesting conditions as more fully described in Note 9: Capital Stock. These shares could potentially be dilutive in future periods if we realize net income attributable to common and participating stockholders and the contingent or unvested stock is converted to WMIH common stock. The cash payment of $84.4 million, which would be received upon exercise of the warrants, has not been considered as an offset to the dilutive shares under warrants outstanding below.

	Potential dilution to common
	Minimum shares		Maximum shares
Restricted shares subject to vesting		4,197,396		4,197,396
Series A Preferred Stock		10,065,629		10,065,629
Warrants outstanding		61,400,000		61,400,000
Series B Preferred Stock		266,666,667		342,857,143
Potential dilutive shares if converted to common		342,329,692		418,520,168