W&T Offshore, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation and Cash-Based Incentive Compensation (Tables)

Share-Based Compensation and Cash-Based Incentive Compensation (Tables)

3 Months Ended

Mar. 31, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Schedule of Outstanding Restricted Stock Units Issued to Eligible Employees

There were no grants or vesting of RSUs during the three months ended March 31, 2018. For the outstanding RSUs issued to the eligible employees as of March 31, 2018, vesting is expected to occur as follows:

	Restricted Stock Units
2018		3,743,872
2019		2,022,020
Total		5,765,892

Schedule of Outstanding Restricted Stock Shares Issued to Non-employee Directors

There were no grants or vesting of Restricted Shares during the three months ended March 31, 2018. For the outstanding Restricted Shares issued to the non-employee directors as of March 31, 2018, vesting is expected to occur as follows:

	Restricted Shares
2018		106,240
2019		91,164
2020		49,124
Total		246,528

Summary of Incentive Compensation Expense under Share-Based Payment Arrangements and Related Tax Benefit

A summary of incentive compensation expense under share-based payment arrangements and the related tax benefit is as follows (in thousands):

	Three Months Ended
	March 31,
	2018		2017
Share-based compensation expense from:
Restricted stock units	$	1,149	$	1,858
Restricted Shares		70		70
Total	$	1,219	$	1,928
Share-based compensation tax benefit:
Tax benefit computed at the statutory rate	$	256	$	675

Summary of Compensation Expense Related to Share-Based Awards and Cash-Based Awards

A summary of compensation expense related to share-based awards and cash-based awards is as follows (in thousands):

	Three Months Ended
	March 31,
	2018		2017
Share-based compensation included in:
General and administrative expenses	$	1,219	$	1,928
Cash-based incentive compensation included in:
Lease operating expense		860		—
General and administrative expenses		2,672		—
Total charged to operating income	$	4,751	$	1,928