Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED AWARDS AND CASH BASED AWARDS (Tables)

v3.23.1
SHARE-BASED AWARDS AND CASH BASED AWARDS (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Schedule of Unvested Restricted Stock Units Roll Forward [Table Text Block]

A summary of activity related to RSUs during the three months ended March 31, 2023 is as follows:

Weighted

    

    

Average

Restricted

Grant Date Fair

Stock Units

Value Per Unit

Nonvested, beginning of period

1,221,461

$

5.76

Granted

 

66,290

 

6.06

Vested

 

(470,750)

 

5.07

Forfeited

 

(32,019)

 

5.95

Nonvested, end of period

 

784,982

6.19

Share-based Payment Arrangement, Cost by Plan [Table Text Block]

Compensation costs for share-based payments are recognized over the requisite service period. A summary of compensation expense under share-based payment arrangements is as follows (in thousands):

Three Months Ended March 31, 

    

2023

    

2022

Restricted stock units

$

498

$

251

Performance share units

1,371

205

Restricted Shares

 

53

 

64

Total

$

1,922

$

520

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):

Three Months Ended March 31, 

    

2023

    

2022

Share-based compensation included in:

  

  

General and administrative expenses

$

1,922

$

520

Cash-based incentive compensation included in:

 

  

 

  

Lease operating expense(1)

 

1,248

 

255

General and administrative expenses(1)

 

5,970

 

1,957

Total charged to operating income (loss)

$

9,140

$

2,732

(1) Includes adjustments of accruals to actual payments.