XML 42 R27.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Net (Loss) Income Per Common Share (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Earnings Per Share [Abstract] |
Calculation of Basic Net Income (Loss) Per Share Attributable to Common Stockholders | The following table presents the calculation of basic net income (loss) per share attributable to common stockholders for the periods presented: (in thousands, except share and per share data)
| Year ended December 31, 2016 |  | Year ended December 31, 2015 |  | Year ended December 31, 2014 |
Numerator for basic net income (loss) per share: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 201,700 |  | $ | (61,833 | ) | $ | 3,070 |
Less: Series B preferred stock dividends |  | (18,000 | ) |  | (17,748 | ) |  | — |
Less: Preferred deemed dividend |  | — |  |  | — |  |  | (9,455 | )
Less: undistributed earnings attributed to participating securities (basic calculation) |  | (116,774 | ) |  | — |  |  | — |
Basic net income (loss) attributable to common stockholders | $ | 66,926 |  | $ | (79,581 | ) | $ | (6,385 | )
Denominator for basic net income (loss) per share: |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  | 206,291,857 |  |  | 204,776,405 |  |  | 202,208,619 |
Weighted-average unvested restricted shares outstanding |  | (4,020,970 | ) |  | (3,029,792 | ) |  | (1,338,691 | )
Denominator for basic net income (loss) per share |  | 202,270,887 |  |  | 201,746,613 |  |  | 200,869,928 |
Basic net income (loss) per share attributable to common stockholders | $ | 0.33 |  | $ | (0.39 | ) | $ | (0.03 | )
Calculation of Diluted Net Income (Loss) Per Share Attributable to Common Stockholders | The following table presents the calculation of diluted net income (loss) per share attributable to common stockholders for the periods presented: (in thousands, except share and per share data)
| Year ended December 31, 2016 |  | Year ended December 31, 2015 |  | Year ended December 31, 2014 |
Numerator for basic net income (loss) per share: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 201,700 |  | $ | (61,833 | ) | $ | 3,070 |
Less: Series B preferred stock dividends |  | (18,000 | ) |  | (17,748 | ) |  | — |
Less: Preferred deemed dividend |  | — |  |  | — |  |  | (9,455 | )
Less: Net income attributed to participating securities |  | (112,115 | ) |  | — |  |  | — |
Diluted net income (loss) attributable to common stockholders | $ | 71,585 |  | $ | (79,581 | ) | $ | (6,385 | )
Denominator for diluted net income (loss) per share: |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  | 206,291,857 |  |  | 204,776,405 |  |  | 202,208,619 |
Weighted-average unvested restricted shares outstanding |  | (4,020,970 | ) |  | (3,029,792 | ) |  | (1,338,691 | )
Effect of dilutive potential shares * |  | 33,135,473 |  |  | — |  |  | — |
Denominator for diluted net income (loss) per share: |  | 235,406,360 |  |  | 201,746,613 |  |  | 200,869,928 |
Diluted net income (loss) per share attributable to common shareholders | $ | 0.30 |  | $ | (0.39 | ) | $ | (0.03 | )
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 and Derivative Instruments. 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 |  | 4,039,591 |  |  |  | 4,039,591 |
Series A Preferred Stock |  | 10,065,629 |  |  |  | 10,065,629 |
Warrants outstanding |  | 61,400,000 |  |  |  | 61,400,000 |
Maximum number of restricted shares to be issued if Series B conversion is below $2.25 |  | — |  |  |  | 1,015,874 |
Series B Preferred Stock |  | 266,666,667 |  |  |  | 342,857,143 |
Potential dilutive shares if converted to common |  | 342,171,887 |  |  |  | 419,378,237 |

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

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of income (loss) on basic earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1311-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration