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Net (Loss) Income Per Common Share | 12 Months Ended
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Dec. 31, 2015
Earnings Per Share [Abstract] |
Net (Loss) Income Per Common Share | Note 12: Net (Loss) Income Per Common Share Basic and diluted net (loss) income per share attributable to common and participating stockholders is computed by dividing net (loss) income by the weighted average number of common shares outstanding after subtracting the weighted average of any unvested restricted shares outstanding, as these shares are subject to repurchase. There were no dilutive effects from any equity instruments for any period prior to 2014 or any period reflecting a net loss, therefore diluted net (loss) income per share was the same as basic net (loss) income for periods presented prior to January 30, 2014, and for the years ended December 31, 2015 and December 31, 2014, which both reflect a net loss attributable to common and participating stockholders. Diluted net income per share would be computed by dividing the net income for the period by the weighted average number of common shares outstanding after subtracting the weighted average of any incremental unvested restricted shares outstanding and adding any potentially dilutive common equivalent shares outstanding during the period, if dilutive. Potentially dilutive common equivalent shares are composed of the incremental common shares issuable upon the exercise of warrants for WMIH’s common stock and the potential conversion of preferred shares to common shares, none of which were outstanding prior to January 30, 2014. There were no dilutive effects for the years ended December 31, 2015 and December 31, 2014 as the Company reported a net loss attributable to common and participating stockholders for the periods. 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 |
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 |

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