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Net Income (Loss) Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2018
Earnings Per Share [Abstract] |
Calculation of Basic Net Loss Per Share | The following table presents the calculation of basic net loss per share for periods presented: (in thousands, except per share data):
| Three months ended June 30, 2018 |  |  | Three months ended June 30, 2017 |  |  | Six months ended June 30, 2018 |  |  | Six months ended June 30, 2017 |
Numerator for basic net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss | $ | (1,996 | ) |  | $ | (21,324 | ) |  | $ | (7,579 | ) |  | $ | (3,535 | )
Less: Series B preferred stock dividends |  | — |  |  |  | (4,500 | ) |  |  | (200 | ) |  |  | (9,000 | )
Basic net loss attributable to common stockholders | $ | (1,996 | ) |  | $ | (25,824 | ) |  | $ | (7,779 | ) |  | $ | (12,535 | )
Denominator for basic net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  | 209,902,759 |  |  |  | 206,490,690 |  |  |  | 208,317,254 |  |  |  | 206,436,048 |
Weighted-average unvested restricted shares outstanding |  | (3,841,073 | ) |  |  | (3,857,807 | ) |  |  | (3,931,031 | ) |  |  | (3,907,045 | )
Denominator for basic net loss per share |  | 206,061,686 |  |  |  | 202,632,883 |  |  |  | 204,386,223 |  |  |  | 202,529,003 |
Basic net loss per share attributable to common stockholders | $ | (0.01 | ) |  | $ | (0.13 | ) |  | $ | (0.04 | ) |  | $ | (0.06 | )
Calculation of Diluted Net Loss Per Share | The following table presents the calculation of diluted net loss per share for periods presented:
| Three months ended June 30, 2018 |  |  | Three months ended June 30, 2017 |  |  | Six months ended June 30, 2018 |  |  | Six months ended June 30, 2017 |
Numerator for diluted net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss | $ | (1,996 | ) |  | $ | (21,324 | ) |  | $ | (7,579 | ) |  | $ | (3,535 | )
Less: Series B preferred stock dividends |  | — |  |  |  | (4,500 | ) |  |  | (200 | ) |  |  | (9,000 | )
Diluted net loss attributable to common stockholders | $ | (1,996 | ) |  | $ | (25,824 | ) |  | $ | (7,779 | ) |  | $ | (12,535 | )
Denominator for diluted net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  | 209,902,759 |  |  |  | 206,490,690 |  |  |  | 208,317,254 |  |  |  | 206,436,048 |
Weighted-average unvested restricted shares outstanding |  | (3,841,073 | ) |  |  | (3,857,807 | ) |  |  | (3,931,031 | ) |  |  | (3,907,045 | )
Denominator for diluted net loss per share |  | 206,061,686 |  |  |  | 202,632,883 |  |  |  | 204,386,223 |  |  |  | 202,529,003 |
Diluted net loss income per share attributable to common stockholders | $ | (0.01 | ) |  | $ | (0.13 | ) |  | $ | (0.04 | ) |  | $ | (0.06 | )
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 |  | 4,133,020 |  |  |  | 4,133,020 |
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) |  | — |  |  |  | 54,633,446 |
Potential common shares issued to satisfy Series B Preferred Stock acquisition conversion payment |  | — |  |  |  | 11,428,572 |
Potential dilutive shares if converted to common |  | 520,043,093 |  |  |  | 587,120,983 |

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