SHARE-BASED AWARDS AND CASH BASED AWARDS (Tables)
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12 Months Ended |
Dec. 31, 2022 |
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| Notes Tables |
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| Schedule of Unvested Restricted Stock Units Roll Forward [Table Text Block] |
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2022 |
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2021 |
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2020 |
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Weighted |
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Weighted |
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Weighted |
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Average |
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Average |
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Average |
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Restricted |
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Grant Date Fair |
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Restricted |
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Grant Date Fair |
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Restricted |
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Grant Date Fair |
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Stock Units |
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Value Per Unit |
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Stock Units |
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Value Per Unit |
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Stock Units |
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Value Per Unit |
Nonvested, beginning of period |
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698,465 |
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$ |
4.71 |
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763,688 |
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$ |
4.51 |
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1,614,722 |
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$ |
5.73 |
Granted |
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984,394 |
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|
6.24 |
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710,441 |
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|
4.71 |
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— |
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— |
Vested(1) |
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(387,285) |
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|
5.20 |
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(731,095) |
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4.51 |
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(787,203) |
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6.90 |
Forfeited |
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(74,113) |
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5.24 |
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(44,569) |
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4.50 |
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(63,831) |
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|
5.80 |
Nonvested, end of period |
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1,221,461 |
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|
5.76 |
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698,465 |
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$ |
4.71 |
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763,688 |
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$ |
4.51 |
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(1) |
During May and June 2022, approximately 22,000 outstanding RSUs awarded in 2021 to two individuals retiring from their employment with the Company were modified to fully vest upon their retirement, which occurred during May and June 2022, respectively. The remaining unrecognized grant date fair value of the original RSUs was recognized over the requisite period. The incremental cost due to the modification was not materially different from the grant date fair value.
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| Summary Of Nonvested Restricted Stock Units, Vesting Schedule [Table Text Block] |
For the outstanding RSUs issued to the eligible employees as of December 31, 2022, vesting is expected to occur as follows (subject to forfeitures):
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Restricted |
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Shares |
2023 |
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470,750 |
2024 |
|
470,699 |
2025 |
|
280,012 |
Total |
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1,221,461 |
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| Schedule of Nonvested Performance-based Units Activity [Table Text Block] |
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2022 |
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2021 |
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Weighted |
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Weighted |
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Average |
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Average |
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Performance |
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Grant Date Fair |
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Performance |
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Grant Date Fair |
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Share Units |
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Value Per Unit |
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Share Units |
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Value Per Unit |
Nonvested, beginning of period |
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196,918 |
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$ |
5.55 |
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— |
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$ |
— |
Granted |
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1,384,214 |
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10.29 |
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393,073 |
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5.56 |
Vested (1) |
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(15,264) |
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5.57 |
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— |
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— |
Forfeited |
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(63,629) |
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8.84 |
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(196,155) |
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5.57 |
Nonvested, end of period |
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1,502,239 |
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9.78 |
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196,918 |
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$ |
5.55 |
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(1) |
During May and June 2022, approximately 12,000 outstanding PSUs awarded in 2021 to two individuals retiring from their employment with the Company were modified to fully vest upon their retirement, which occurred during May and June 2022, respectively. The remaining unrecognized grant date fair value of the original PSUs was recognized over the requisite period. The incremental cost due to the modification was not materially different from the grant date fair value.
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| Share-based Payment Arrangement, Nonemployee Director Award Plan, Activity [Table Text Block] |
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2022 |
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2021 |
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2020 |
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Weighted |
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Weighted |
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Weighted |
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Average |
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Average |
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Average |
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Grant Date |
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Grant Date |
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Grant Date |
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Restricted |
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Fair Value |
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Restricted |
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Fair Value |
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Restricted |
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Fair Value |
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Shares |
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Per Share |
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Shares |
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Per Share |
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Shares |
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Per Share |
Nonvested, beginning of period |
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70,226 |
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$ |
3.65 |
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154,128 |
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$ |
3.64 |
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123,180 |
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$ |
4.55 |
Granted |
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42,426 |
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4.95 |
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62,502 |
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3.36 |
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109,376 |
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2.56 |
Vested |
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(70,226) |
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3.65 |
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(146,404) |
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3.51 |
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(78,428) |
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2.38 |
Nonvested, end of period |
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42,426 |
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$ |
4.95 |
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70,226 |
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$ |
3.65 |
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154,128 |
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$ |
3.64 |
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| Share-based Payment Arrangement, Cost by Plan [Table Text Block] |
A summary of compensation expense under share-based payment arrangements is as follows (in thousands):
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Year Ended December 31, |
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2022 |
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2021 |
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2020 |
Restricted stock units |
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$ |
4,192 |
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$ |
2,579 |
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$ |
3,555 |
Performance share units |
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3,504 |
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|
412 |
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— |
Restricted Shares |
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|
226 |
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|
373 |
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|
404 |
Total |
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$ |
7,922 |
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$ |
3,364 |
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$ |
3,959 |
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| Schedule of Incentive Compensation Expense [Table Text Block] |
A summary of compensation expense related to share-based awards and cash-based awards is as follows (in thousands):
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Year Ended December 31, |
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2022 |
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2021 |
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2020 |
Share-based compensation included in: |
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General and administrative expenses |
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$ |
7,922 |
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$ |
3,364 |
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$ |
3,959 |
Cash-based incentive compensation included in: |
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Lease operating expense(1) |
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3,812 |
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3,500 |
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|
849 |
General and administrative expenses(1) |
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10,697 |
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10,086 |
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|
4,019 |
Total charged to operating income (loss) |
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$ |
22,431 |
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$ |
16,950 |
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$ |
8,827 |
|
(1) |
Includes adjustments of accruals to actual payments.
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| Performance Share Units [Member] |
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| Notes Tables |
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| Summary Of Nonvested Restricted Stock Units, Vesting Schedule [Table Text Block] |
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Performance |
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Shares |
2023 |
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161,418 |
2024 |
|
— |
2025 |
|
1,340,821 |
Total |
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1,502,239 |
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| Schedule of Share-based Payment Award, Equity Instrument Other Than Options, Valuation Assumptions [Table Text Block] |
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2022 Grant Date |
2021 Grant Date |
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May 26, 2022 |
June 28, 2021 |
Expected term for performance period (in years) |
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2.6 |
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0.5 |
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Expected volatility |
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84.4 |
% |
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67.9 |
% |
Risk-free interest rate |
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2.5 |
% |
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0.1 |
% |
Fair value (in thousands) |
|
$ |
14,240 |
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$ |
1,852 |
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