XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Capital Stock (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Equity [Abstract] |
Schedule of Unamortized Value of Restricted Stock | The unamortized value of $9.1 million at September 30, 2016, if all are ultimately vested, would be amortized according to the following schedule. The fair value of the EXEC Grants will vest and be recognized on the date of the consummation of a Qualified Acquisition.
Amortization Schedule (in thousands) |  | September 30, 2016 unamortized dollar value |
4th quarter 2016 |  | $ | 175 |
1st quarter 2017 |  |  | 140 |
2nd quarter 2017 |  |  | 84 |
3rd quarter 2017 |  |  | 84 |
4th quarter 2017 |  |  | 84 |
1st quarter 2018 |  |  | 78 |
2nd quarter 2018 |  |  | 45 |
3rd quarter 2018 |  |  | 44 |
4th quarter 2018 |  |  | 44 |
1st quarter 2019 |  |  | 38 |
Unamortized fair-value - subject to vesting schedule |  |  | 816 |
Unamortized fair-value - event dependent |  |  | 8,320 |
Total unamortized dollar value |  | $ | 9,136 |
Summary of Company's Restricted Stock Award Activity | A summary of WMIH’s restricted stock award activity for the nine months ended September 30, 2016 and year ended December 31, 2015 is presented below:
|  | Number of restricted stock awards outstanding |  |  | Weighted-average grant date fair value |  |  | Aggregate fair value (in thousands) |
Outstanding—January 1, 2015 |  |  | 2,343,245 |  |  | $ | 1.1023 |  |  | $ | 2,582 |
Restricted stock awards granted during 2015 |  |  | 3,824,790 |  |  |  | 2.7486 |  |  |  | 10,513 |
Restricted stock awards released or forfeited during 2015 |  |  | — |  |  |  | — |  |  |  | — |
Outstanding—December 31, 2015 |  |  | 6,168,035 |  |  |  | 2.1230 |  |  |  | 13,095 |
Restricted stock awards granted during 2016 |  |  | 212,765 |  |  |  | 2.3500 |  |  |  | 500 |
Restricted stock awards released or forfeited during 2016 |  |  | — |  |  |  | — |  |  |  | — |
Outstanding—September 30, 2016 |  |  | 6,380,800 |  |  | $ | 2.1306 |  |  | $ | 13,595 |
Schedule of Vesting Shares Subject to Repurchase | The EXEC Grants vest upon future events, and are not time specific, and for this reason we have used 1st quarter 2018 as the vesting date in the following table as this date corresponds with the Series B Preferred Stock potential redemption date. The shares subject to repurchase at September 30, 2016 will vest, assuming circumstances remain unchanged, according to the following schedule:
Vesting schedule of shares subject to repurchase |  | September 30, 2016 unvested shares |
4th quarter 2016 |  |  | — |
1st quarter 2017 |  |  | 278,095 |
2nd quarter 2017 |  |  | — |
3rd quarter 2017 |  |  | — |
4th quarter 2017 |  |  | — |
1st quarter 2018 |  |  | 3,690,576 |
2nd quarter 2018 |  |  | — |
3rd quarter 2018 |  |  | — |
4th quarter 2018 |  |  | — |
1st quarter 2019 |  |  | 70,920 |
Total unvested shares |  |  | 4,039,591 |
Summary of Company's Restricted Shares Issued and Subject to Repurchase | A summary of the Company’s restricted shares issued and subject to repurchase as of September 30, 2016 and December 31, 2015 is presented below:
Vesting schedule of shares subject to repurchase |  | Unvested shares |
Shares subject to repurchase—January 1, 2015 |  |  | 1,343,764 |
Shares issued subject to vesting during 2015 |  |  | 3,824,790 |
Unvested shares repurchased during 2015 |  |  | — |
Shares vested during 2015 |  |  | (971,158 | )
Shares subject to repurchase—December 31, 2015 |  |  | 4,197,396 |
Shares issued subject to vesting during 2016 |  |  | 212,765 |
Unvested shares repurchased during 2016 |  |  | — |
Shares vested during 2016 |  |  | (370,570 | )
Shares subject to repurchase—September 30, 2016 |  |  | 4,039,591 |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the following for fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position: the number, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term of options (or share units) currently exercisable (or convertible). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of stock repurchases. + References No definition available. + Details
Name: | wmih_ScheduleOfStockRepurchasesTableTextBlock
Namespace Prefix: | wmih_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration