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Capital Stock and Derivative Instruments (Tables) | 6 Months Ended
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Jun. 30, 2017
Equity [Abstract] |
Schedule of Unamortized Value of Restricted Stock | The unamortized value of $6.4 million at June 30, 2017, 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. Additionally, any Exec Additional Shares required to be issued, would be issued and immediately vest on the date of the consummation of a Qualified Acquisition.
Amortization Schedule (in thousands) |  | June 30, 2017 unamortized dollar value |
3rd quarter 2017 |  | $ | 103 |
4th quarter 2017 |  |  | 103 |
1st quarter 2018 |  |  | 98 |
2nd quarter 2018 |  |  | 71 |
3rd quarter 2018 |  |  | 71 |
4th quarter 2018 |  |  | 71 |
1st quarter 2019 |  |  | 66 |
2nd quarter 2019 |  |  | 36 |
3rd quarter 2019 |  |  | 36 |
4th quarter 2019 |  |  | 36 |
1st quarter 2020 |  |  | 31 |
Unamortized fair-value - subject to vesting schedule |  |  | 722 |
Unamortized fair-value - event dependent |  |  | 5,714 |
Total unamortized dollar value |  |  | 6,436 |
Summary of Company's Restricted Stock Award Activity | A summary of WMIH’s restricted stock award activity for the six months ended June 30, 2017 and year ended December 31, 2016 is presented below:
|  | Number of restricted stock awards outstanding |  |  | Weighted-average grant date fair value |  |  | Aggregate fair value (in thousands) |
Outstanding—January 1, 2016 |  |  | 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—December 31, 2016 |  |  | 6,380,800 |  |  | $ | 2.1306 |  |  | $ | 13,595 |
Restricted stock awards granted during 2017 |  |  | 333,332 |  |  |  | 1.2000 |  |  |  | 400 |
Restricted stock awards released or forfeited during 2017 |  |  | — |  |  |  | — |  |  |  | — |
Outstanding—June 30, 2017 |  |  | 6,714,132 |  |  | $ | 2.0844 |  |  | $ | 13,995 |
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 June 30, 2017 will vest, assuming circumstances remain unchanged, according to the following schedule:
Vesting schedule of shares subject to repurchase |  | June 30, 2017 unvested shares |
3rd quarter 2017 |  |  | — |
4th quarter 2017 |  |  | — |
1st quarter 2018 |  |  | 3,774,684 |
2nd quarter 2018 |  |  | — |
3rd quarter 2018 |  |  | — |
4th quarter 2018 |  |  | — |
1st quarter 2019 |  |  | 167,848 |
2nd quarter 2019 |  |  | — |
3rd quarter 2019 |  |  | — |
4th quarter 2019 |  |  | — |
1st quarter 2020 |  |  | 111,108 |
Total unvested shares |  |  | 4,053,640 |
Summary of WMIH's Restricted Shares Issued and Subject to Repurchase | A summary of WMIH’s restricted shares issued and subject to repurchase as of June 30, 2017 and December 31, 2016 is presented below:
Vesting schedule of shares subject to repurchase |  | Unvested shares |
Shares subject to repurchase—January 1, 2016 |  |  | 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—December 31, 2016 |  |  | 4,039,591 |
Shares issued subject to vesting during 2017 |  |  | 333,332 |
Unvested shares repurchased during 2017 |  |  | — |
Shares vested during 2017 |  |  | (319,283 | )
Shares subject to repurchase—June 30, 2017 |  |  | 4,053,640 |

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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for exercisable or convertible options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + 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=96867065&loc=d3e5070-113901 + Details
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