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Net Income Per Common Share (Tables)
9 Months Ended
Sep. 30, 2013
Net Income Per Common Share [Abstract]  
Calculation Of Net Income Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

For the nine months ended

($ and shares in thousands, except per share amounts)

September 30,

 

September 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2013

 

2012

Net income used for basic and diluted earnings 

 

 

 

 

 

 

 

 

 

 

 

per common share:

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders of Frontier

$

35,400 

 

$

67,000 

 

$

45,080 

 

$

111,757 

 

 

 

 

 

 

 

 

 

 

 

 

Less:  Dividends paid on unvested restricted stock awards

 

(632)

 

 

(717)

 

 

(1,908)

 

 

(2,189)

Total basic and diluted net income attributable to common

 

 

 

 

 

 

 

 

 

 

 

shareholders of Frontier

$

34,768 

 

$

66,283 

 

$

43,172 

 

$

109,568 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

Total weighted average shares and unvested restricted stock

 

 

 

 

 

 

 

 

 

 

 

awards outstanding - basic

 

999,826 

 

 

998,488 

 

 

999,017 

 

 

997,437 

Less:  Weighted average unvested restricted stock awards

 

(6,711)

 

 

(7,193)

 

 

(6,537)

 

 

(7,137)

Total weighted average shares outstanding - basic

 

993,115 

 

 

991,295 

 

 

992,480 

 

 

990,300 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to common

 

 

 

 

 

 

 

 

 

 

 

shareholders of Frontier

$

0.04 

 

$

0.07 

 

$

0.04 

 

$

0.11 

  

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

Total weighted average shares outstanding - basic

 

993,115 

 

 

991,295 

 

 

992,480 

 

 

990,300 

Effect of dilutive shares

 

990 

 

 

163 

 

 

922 

 

 

667 

Total weighted average shares outstanding - diluted

 

994,105 

 

 

991,458 

 

 

993,402 

 

 

990,967 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to common

 

 

 

 

 

 

 

 

 

 

 

shareholders of Frontier

$

0.04 

 

$

0.07 

 

$

0.04 

 

$

0.11