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Capital Stock | 9 Months Ended
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Sep. 30, 2013
Equity [Abstract] |
Capital Stock | Note 10: Capital Stock On the Effective Date, all shares of common and preferred equity securities previously issued by WMI were cancelled and extinguished. As of the Effective Date, and pursuant to WMIHC’s Amended and Restated Articles of Incorporation, WMIHC is authorized to issue up to 500,000,000 shares of common stock and up to 5,000,000 shares of blank check preferred stock, each with a par value of $0.00001 per share. 200,000,000 shares of common stock were issued by WMIHC pursuant to the Court approved Plan and in reliance on Section 1145 of the Bankruptcy Code on the Effective Date. WMIHC issued restricted share grants to members of the board of directors totaling $700 thousand and $550 thousand of aggregate intrinsic value during the nine months ended September 30, 2013 and year ended December 31, 2012, respectively. The restricted shares vest over a three year period and the resulting unamortized value related to the unvested restricted share grant totals $806 thousand and $407 thousand at September 30, 2013 and December 31, 2012, respectively. The unamortized value of $806 thousand at September 30, 2013 if all are ultimately vested will be amortized according to the following schedule.
Amortization Schedule (in thousands) |
4th quarter 2013 |  | $ | 100 |
1st quarter 2014 |  |  | 100 |
2nd quarter 2014 |  |  | 100 |
3rd quarter 2014 |  |  | 100 |
4th quarter 2014 |  |  | 100 |
1st quarter 2015 |  |  | 96 |
2nd quarter 2015 |  |  | 54 |
3rd quarter 2015 |  |  | 54 |
4th quarter 2015 |  |  | 54 |
1st quarter 2016 |  |  | 48 |
Total Unamortized value |  | $ | 806 |
Net stock-based compensation totaled $301 thousand and zero for the nine months ended September 30, 2013 and 2012, respectively. The share grants were issued at the fair market value determined to be the trading price at the close of business on October 18, 2012, and August 13, 2013, respectively, the dates the grants were approved by the board of directors. A summary of WMIHC’s restricted share award activity for the nine months ended September 30, 2013 and year ended December 31, 2012 is presented below:
|  | Number of Restricted Stock Awards Outstanding |  |  | Weighted Average Grant Date Fair Value |  |  | Aggregate Intrinsic Value (in thousands) |
Outstanding—January 1, 2012 |  |  | — |  |  | $ | — |  |  | $ | — |
Restricted stock awards granted |  |  | 1,156,078 |  |  |  | 0.4761 |  |  |  | 550 |
Restricted stock awards released or forfeited |  |  | — |  |  |  | — |  |  |  | — |
Outstanding—December 31, 2012 |  |  | 1,156,078 |  |  |  | 0.4761 |  |  |  | 550 |
Restricted stock awards granted |  |  | 686,273 |  |  |  | 1.0200 |  |  |  | 700 |
Restricted stock awards released or forfeited |  |  | — |  |  |  | — |  |  |  | — |
Outstanding—September 30, 2013 |  |  | 1,842,351 |  |  | $ | 0.6787 |  |  | $ | 1,250 |
WMIHC has issued the total number of shares subject to the restricted stock grants; however, until vested they are subject to repurchase. The restricted shares vest 1/3 per year over a three year period annually on March 19th. On September 30, 2013, 1,456,987 shares remained subject to repurchase. On March 19, 2013, 385,364 shares vested. As of December 31, 2012, all 1,156,078 of the then issued shares were subject to repurchase. WMIHC has the right, but not the obligation, to repurchase any unvested (but issued) shares of common stock at $0.0001 per share upon the termination of service in the case of a director. A summary of the Company’s restricted shares issued and subject to repurchase as of the nine months ended September 30, 2013 and year ended December 31, 2012, respectively, is presented below:
Shares subject to repurchase—January 1, 2012 |  |  | — |
Shares issued subject to vesting during the period |  |  | 1,156,078 |
Unvested shares repurchased |  |  | — |
Shares vested during the period |  |  | — |
Unvested shares—December 31, 2012 |  |  | 1,156,078 |
Shares issued subject to vesting during the period |  |  | 686,273 |
Unvested shares repurchased |  |  | — |
Shares vested during the period |  |  | (385,364 | )
Unvested shares—September 30, 2013 |  |  | 1,456,987 |
As of September 30, 2013, and December 31, 2012, 201,842,351 and 201,156,078 shares of WMIHC’s common stock were issued and outstanding, respectively. No shares of WMIHC’s preferred stock are issued or outstanding. See Note 13: Net (loss) Income Per Common Share for further information.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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