Share-Based and Cash-Based Incentive Compensation (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
|---|
| Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
|
| Schedule of Restricted Stock Activity |
A summary of activity related to Restricted Shares is as follows:
|
|
2015
|
|
|
2014
|
|
|
2013
|
|
|
|
Restricted Shares
|
|
|
Weighted Average Grant Date Fair Value Per Share
|
|
|
Restricted Shares
|
|
|
Weighted Average Grant Date Fair Value Per Share
|
|
|
Restricted Shares
|
|
|
Weighted Average Grant Date Fair Value Per Share
|
|
|
Nonvested, beginning of period
|
|
43,210
|
|
|
$
|
16.20
|
|
|
|
43,840
|
|
|
$
|
15.96
|
|
|
|
43,687
|
|
|
$
|
18.69
|
|
|
Granted
|
|
56,540
|
|
|
|
6.19
|
|
|
|
18,815
|
|
|
|
18.60
|
|
|
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27,450
|
|
|
|
12.75
|
|
|
Vested
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|
(21,520
|
)
|
|
|
16.26
|
|
|
|
(19,445
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)
|
|
|
18.00
|
|
|
|
(27,297
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)
|
|
|
17.09
|
|
|
Nonvested, end of period
|
|
78,230
|
|
|
$
|
8.95
|
|
|
|
43,210
|
|
|
$
|
16.20
|
|
|
|
43,840
|
|
|
$
|
15.96
|
|
|
| Schedule of Restricted Stock Awards Outstanding |
Subject to the satisfaction of service conditions, the Restricted Shares outstanding as of December 31, 2015 are expected to vest as follows:
|
|
Restricted Shares
|
|
|
2016
|
|
34,265
|
|
|
2017
|
|
25,115
|
|
|
2018
|
|
18,850
|
|
|
Total
|
|
78,230
|
|
|
| Summary of Share Activity Related to Restricted Stock Units |
A summary of activity related to RSUs is as follows:
|
|
2015
|
|
|
2014
|
|
|
2013
|
|
|
|
Restricted Stock Units
|
|
|
Weighted Average Grant Date Fair Value Per Share
|
|
|
Restricted Stock Units
|
|
|
Weighted Average Grant Date Fair Value Per Share
|
|
|
Restricted Stock Units
|
|
|
Weighted Average Grant Date Fair Value Per Share
|
|
|
Nonvested, beginning of period
|
|
1,977,335
|
|
|
$
|
15.29
|
|
|
|
1,331,753
|
|
|
$
|
14.96
|
|
|
|
969,820
|
|
|
$
|
22.70
|
|
|
Granted
|
|
2,626,930
|
|
|
|
3.59
|
|
|
|
1,195,388
|
|
|
|
16.84
|
|
|
|
969,919
|
|
|
|
13.23
|
|
|
Vested
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|
(721,038
|
)
|
|
|
13.23
|
|
|
|
(354,692
|
)
|
|
|
18.59
|
|
|
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(468,925
|
)
|
|
|
26.93
|
|
|
Forfeited
|
|
(409,148
|
)
|
|
|
10.63
|
|
|
|
(195,114
|
)
|
|
|
16.53
|
|
|
|
(139,061
|
)
|
|
|
16.50
|
|
|
Nonvested, end of period
|
|
3,474,079
|
|
|
$
|
7.42
|
|
|
|
1,977,335
|
|
|
$
|
15.29
|
|
|
|
1,331,753
|
|
|
$
|
14.96
|
|
|
| Schedule of Restricted Stock Units Outstanding |
Subject to the satisfaction of service conditions, the RSUs outstanding as of December 31, 2015 are eligible to vest in the year indicated in the table below:
|
|
Restricted Stock Units
|
|
|
2016
|
|
1,003,604
|
|
|
2017
|
|
2,470,475
|
|
|
Total
|
|
3,474,079
|
|
|
| Summary of Compensation Expense under Share-Based Payment Arrangements and Related Tax Benefit |
A summary of compensation expense under share-based payment arrangements and the related tax benefit is as follows (in thousands):
|
|
Year Ended December 31,
|
|
|
|
2015
|
|
|
2014
|
|
|
2013
|
|
|
Share-based compensation expense from:
|
|
|
|
|
|
|
|
|
|
|
|
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Restricted stock
|
$
|
358
|
|
|
$
|
369
|
|
|
$
|
397
|
|
|
Restricted stock units
|
|
9,978
|
|
|
|
13,150
|
|
|
|
11,128
|
|
|
Common shares
|
|
(94
|
)
|
|
|
1,225
|
|
|
|
—
|
|
|
Total
|
$
|
10,242
|
|
|
$
|
14,744
|
|
|
$
|
11,525
|
|
|
Share-based compensation tax benefit:
|
|
|
|
|
|
|
|
|
|
|
|
|
Tax benefit computed at the statutory rate
|
$
|
3,585
|
|
|
$
|
5,160
|
|
|
$
|
4,034
|
|
|
| Summary of Incentive Compensation Expense |
A summary of incentive compensation expense is as follows (in thousands):
|
|
Year Ended December 31,
|
|
|
|
2015
|
|
|
2014
|
|
|
2013
|
|
|
Share-based compensation included in:
|
|
|
|
|
|
|
|
|
|
|
|
|
General and administrative
|
$
|
10,242
|
|
|
$
|
14,744
|
|
|
$
|
11,525
|
|
|
Cash-based incentive compensation included in:
|
|
|
|
|
|
|
|
|
|
|
|
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Lease operating expense
|
|
364
|
|
|
|
3,285
|
|
|
|
3,482
|
|
|
General and administrative (1)
|
|
(233
|
)
|
|
|
6,950
|
|
|
|
8,817
|
|
|
Total charged to operating income
|
$
|
10,373
|
|
|
$
|
24,979
|
|
|
$
|
23,824
|
|
|
|
(1)
|
Adjustments to true up estimates to actual payments resulted in net credit balances to expense for 2015.
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|