Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Tables)

v3.10.0.1
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