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Net Income (Loss) Per Common Share (Tables) | 3 Months Ended
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Mar. 31, 2018
Earnings Per Share [Abstract] |
Calculation of Basic Net (Loss) Income Per Share | The following table presents the calculation of basic net (loss) income per share for periods presented: (in thousands, except per share data):
| Three months ended March 31, 2018 |  |  | Three months ended March 31, 2017 |
Numerator for basic net (loss) income per share: |  |  |  |  |  |  |
Net (loss) income | $ | (5,583 | ) |  | $ | 17,789 |
Less: Series B preferred stock dividends |  | (200 | ) |  |  | (4,500 | )
Less: undistributed earnings attributed to participating securities (basic calculation) |  | — |  |  |  | (8,445 | )
Basic net (loss) income attributable to common stockholders | $ | (5,783 | ) |  | $ | 4,844 |
Denominator for basic net (loss) income per share: |  |  |  |  |  |  |
Weighted-average shares outstanding |  | 206,714,132 |  |  |  | 206,380,800 |
Weighted-average unvested restricted shares outstanding |  | (4,021,988 | ) |  |  | (3,956,831 | )
Denominator for basic net (loss) income per share |  | 202,692,144 |  |  |  | 202,423,969 |
Basic net (loss) income per share attributable to common stockholders | $ | (0.03 | ) |  | $ | 0.02 |
Calculation of Diluted Net (Loss) Income Per Share | The following table presents the calculation of diluted net (loss) income per share for periods presented:
| Three months ended March 31, 2018 |  |  | Three months ended March 31, 2017 |
Numerator for diluted net (loss) income per share: |  |  |  |  |  |  |
Net (loss) income | $ | (5,583 | ) |  | $ | 17,789 |
Less: Series B preferred stock dividends |  | (200 | ) |  |  | (4,500 | )
Less: undistributed earnings attributed to participating securities (diluted calculation) |  | — |  |  |  | (8,428 | )
Diluted net (loss) income attributable to common stockholders | $ | (5,783 | ) |  | $ | 4,861 |
Denominator for diluted net (loss) income per share: |  |  |  |  |  |  |
Weighted-average shares outstanding |  | 206,714,132 |  |  |  | 206,380,800 |
Weighted-average unvested restricted shares outstanding |  | (4,021,988 | ) |  |  | (3,956,831 | )
Effect of dilutive potential shares |  | — |  |  |  | 11,199,990 |
Denominator for diluted net (loss) income per share |  | 202,692,144 |  |  |  | 213,623,959 |
Diluted net (loss) income per share attributable to common stockholders | $ | (0.03 | ) |  | $ | 0.02 |
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. The Warrant Exchange, which is conditioned upon the closing of the Merger and which would reduce the number of warrants received from 61,400,000 shares to 21,197,619 shares, is not reflected below.
| Potential dilution to common |
| Minimum shares |  |  | Maximum shares |
Restricted shares subject to vesting |  | 3,834,512 |  |  |  | 3,834,512 |
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 Nationstar Transaction is consummated |  | — |  |  |  | 1,015,872 |
Series B Preferred Stock ($1.35 conversion) |  | 444,444,444 |  |  |  | 444,444,444 |
Potential common shares issued to satisfy Series B Preferred Stock dividends (full term) |  | — |  |  |  | 64,285,714 |
Potential common shares issued to satisfy Series B Preferred Stock acquisition conversion payment |  | — |  |  |  | 11,428,572 |
Potential dilutive shares if converted to common |  | 519,744,585 |  |  |  | 596,474,743 |

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- 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
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