Share-Based Compensation (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
|
Schedule of Share-based Compensation Expense |
The following table presents share-based compensation expense for each respective period:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31, |
|
2018 |
|
2017 |
|
2016 |
Share-based compensation cost for: |
Equity-based |
|
Liability-based |
|
Equity-based |
|
Liability-based |
|
Equity-based |
|
Liability-based |
RSU equity awards (a)
|
$ |
9,460 |
|
|
$ |
— |
|
|
$ |
10,225 |
|
|
$ |
— |
|
|
$ |
4,536 |
|
|
$ |
— |
|
Cash-settleable RSU awards (a)
|
— |
|
|
336 |
|
|
— |
|
|
4,294 |
|
|
— |
|
|
12,285 |
|
Total share-based compensation cost (b)
|
$ |
9,460 |
|
|
$ |
336 |
|
|
$ |
10,225 |
|
|
$ |
4,294 |
|
|
$ |
4,536 |
|
|
$ |
12,285 |
|
|
|
(a) |
Includes the settlement of the outstanding share-based award agreements of the Company’s former Chief Executive Officer, resulting in $6,351 recorded on the Consolidated Statements of Operations as settled share-based awards for the year ended December 31, 2017.
|
|
|
(b) |
The portion of this share-based compensation cost that was included in general and administrative expense totaled $6,362, $4,966 and $9,547 for the years ended December 31, 2018, 2017 and 2016, respectively, and the portion capitalized to oil and gas properties was $3,434, $3,202 and $7,274, for the years ended December 31, 2018, 2017, and 2016, respectively.
|
|
Schedule of Unrecognized Compensation Cost |
The following table presents the unrecognized compensation cost for the indicated periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
Unrecognized compensation cost related to: |
|
2018 |
|
2017 |
|
2016 |
Unvested RSU equity awards |
|
$ |
15,720 |
|
|
$ |
13,158 |
|
|
$ |
7,276 |
|
Unvested cash-settleable RSU awards |
|
1,822 |
|
|
3,776 |
|
|
8,948 |
|
|
Summary of Liability for Cash-Settled RSU Awards |
The following table summarizes the Company’s liability for cash-settled RSU awards for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
Consolidated Balance Sheets Classification |
|
2018 |
|
2017 |
Cash-settleable RSU awards (current) |
|
$ |
1,390 |
|
|
$ |
4,621 |
|
Cash-settleable RSU awards (non-current) |
|
2,067 |
|
|
3,490 |
|
Total cash-settleable RSU awards |
|
$ |
3,457 |
|
|
$ |
8,111 |
|
|
Schedule of Unvested Restricted Stock Units Activity |
The following table represents unvested stock-settleable restricted stock activity for the year ended December 31, 2018:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average |
(shares in 000s) |
|
Number of Shares |
|
Grant-Date Fair Value per Share |
|
Years Over Which Expense is Expected to be Recognized |
Outstanding at the beginning of the period |
|
1,790 |
|
|
$ |
11.54 |
|
|
|
Granted (a)
|
|
872 |
|
|
13.89 |
|
|
|
Vested (b)
|
|
(506 |
) |
|
9.56 |
|
|
|
Forfeited |
|
(53 |
) |
|
11.43 |
|
|
|
Outstanding at the end of the period |
|
2,103 |
|
|
$ |
13.24 |
|
|
1.85 |
|
|
(a) |
Includes 208 performance-based RSUs that will vest at a range of 0% - 200%.
|
|
|
(b) |
The fair value of shares vested was $6,344.
|
|
Schedule of Cash-Settleable RSUs Outstanding |
As of December 31, 2018, the Company had the following cash-settleable RSUs outstanding (including those that are not based on a market condition):
|
|
|
|
|
|
|
|
|
|
|
(shares in 000s) |
|
Base Units Outstanding |
|
Potential Minimum Units Vesting |
|
Potential Maximum Units Vesting |
Vesting in 2019 |
|
190 |
|
|
17 |
|
|
364 |
|
Vesting in 2020 |
|
323 |
|
|
— |
|
|
645 |
|
Vesting in 2021 |
|
— |
|
|
— |
|
|
— |
|
Other |
|
146 |
|
|
146 |
|
|
146 |
|
Total cash-settleable RSUs |
|
659 |
|
|
163 |
|
|
1,155 |
|
|