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Net Income (Loss) Per Common Share (Tables)
6 Months Ended
Jun. 30, 2015
Net Income (Loss) Per Common Share [Abstract]  
Calculation Of Net Income (Loss) Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

For the six months ended

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

June 30,

 

June 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

2015

 

2014

Net income (loss) used for basic and diluted earnings 

 

 

 

 

 

 

 

 

 

 

 

per share:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

$

(28)

 

$

38 

 

$

(79)

 

$

77 

Less:  Dividends paid on unvested restricted stock awards

 

 -

 

 

(1)

 

 

(1)

 

 

(2)

Total basic and diluted net income (loss)

$

(28)

 

$

37 

 

$

(80)

 

$

75 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Total weighted average shares and unvested restricted stock

 

 

 

 

 

 

 

 

 

 

 

awards outstanding - basic

 

1,044,531 

 

 

1,002,191 

 

 

1,026,278 

 

 

1,001,474 

Less:  Weighted average unvested restricted stock awards

 

(7,124)

 

 

(7,563)

 

 

(7,302)

 

 

(7,189)

Total weighted average shares outstanding - basic

 

1,037,407 

 

 

994,628 

 

 

1,018,976 

 

 

994,285 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss) per share

$

(0.03)

 

$

0.04 

 

$

(0.08)

 

$

0.08 

  

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Total weighted average shares outstanding - basic

 

1,037,407 

 

 

994,628 

 

 

1,018,976 

 

 

994,285 

Effect of dilutive shares

 

 -

 

 

2,157 

 

 

 -

 

 

2,645 

Total weighted average shares outstanding - diluted

 

1,037,407 

 

 

996,785 

 

 

1,018,976 

 

 

996,930 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net income (loss) per share

$

(0.03)

 

$

0.04 

 

$

(0.08)

 

$

0.08