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Share-Based Compensation (Tables)
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12 Months Ended |
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Dec. 31, 2012
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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| Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan |
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For the year ended December 31, |
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2012 |
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2011 |
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2010 |
Share-based compensation expense for: |
Equity-based |
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Liability-based |
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Equity-based |
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Liability-based |
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Equity-based |
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Liability-based |
Options |
$ |
— |
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$ |
— |
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$ |
24 |
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$ |
— |
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$ |
206 |
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$ |
— |
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RSU equity awards |
4,210 |
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— |
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2,832 |
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— |
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3,898 |
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— |
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Cash-settleable RSU awards |
— |
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2,916 |
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— |
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1,335 |
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— |
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1,396 |
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401(k) contributions in shares |
218 |
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— |
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202 |
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— |
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201 |
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— |
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Total share-based compensation expense (a) |
$ |
4,428 |
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$ |
2,916 |
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$ |
3,058 |
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$ |
1,335 |
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$ |
4,305 |
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$ |
1,396 |
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(a) |
The portion of this share-based compensation expense that was included in general and administrative expense totaled $4,081, $2,502 and $3,107 for the same years respectively, and the portion capitalized to oil and gas properties was $3,263, $1,891 and $2,594, respectively.
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| Schedule of Unrecognized Compensation Cost, Nonvested Awards |
The following table presents the specified share-based compensation expense for the indicated periods:
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As of December 31, |
Unrecognized compensation costs related to: |
2012 |
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2011 |
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2010 |
Unvested options |
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$ |
— |
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$ |
— |
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$ |
57 |
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Unvested RSU equity awards |
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6,320 |
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5,748 |
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3,353 |
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Unvested cash-settleable RSU awards |
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2,826 |
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2,498 |
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2,676 |
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Future expected share-based compensation expense for: |
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2013 |
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2014 |
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2015 |
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Thereafter |
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Total |
RSU equity awards |
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3,565 |
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2,182 |
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573 |
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— |
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6,320 |
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Cash-settleable RSU awards |
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1,862 |
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937 |
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27 |
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— |
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2,826 |
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| Schedule of Cash-Settleable RSU awards |
The following table summarizes the Company's cash-settleable RSU awards for the periods indicated:
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Consolidated Balance Sheets Classification |
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2012 |
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2011 |
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2010 |
Accounts payable and accrued liabilities - current portion |
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$ |
1,429 |
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$ |
604 |
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$ |
— |
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Other long-term liabilities - non-current portion |
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1,017 |
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2,309 |
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1,578 |
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Total cash-settleable RSU awards |
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$ |
2,446 |
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$ |
2,913 |
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$ |
1,578 |
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| Schedule of Share-based Compensation, Restricted Stock Units Award Activity |
The following table represents unvested restricted stock activity for the year ended December 31, 2012:
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Weighted average |
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Number of Shares |
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Grant-Date Fair Value per Share |
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Period over which expense is expected to be recognized |
Outstanding at the beginning of the period |
1,918 |
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$ |
5.16 |
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Granted |
1,008 |
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5.22 |
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Vested (a) |
(530 |
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3.29 |
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Forfeited |
(101 |
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5.88 |
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Outstanding at the end of the period |
2,295 |
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$ |
5.58 |
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1.5 |
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a. |
The fair value of shares vested was $2,817.
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