XML 76 R108.htm IDEA: XBRL DOCUMENT v2.4.0.6
SHARE CAPITAL AND SHARE OPTIONS - Share Options (Details) (USD $)
In Millions, except Share data, unless otherwise specified
 0 Months Ended 12 Months Ended 1 Months Ended 3 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 1 Months Ended
Dec. 31, 2011
Y
Dec. 31, 2010
Y
Dec. 31, 2009
Y
Dec. 31, 2011
Y
Dec. 31, 2010
Y
Dec. 31, 2009
Y
Dec. 31, 2008
Y
May 31, 2011
Golar LNG Energy Limited
Jun. 30, 2011
Golar LNG Energy Limited
Dec. 31, 2011
Golar Scheme [Member]
Dec. 31, 2010
Golar Scheme [Member]
Dec. 31, 2009
Golar Scheme [Member]
Oct. 31, 2009
Energy Scheme [Member]
Dec. 31, 2011
Energy Scheme [Member]
Dec. 31, 2009
Energy Scheme [Member]
Oct. 31, 2009
Energy Scheme [Member]
Golar LNG Energy Limited
Dec. 31, 2011
Energy Scheme [Member]
Golar LNG Energy Limited
Dec. 31, 2011
Stock Options [Member]
Y
Dec. 31, 2011
Stock Options [Member]
Y
Dec. 31, 2010
Stock Options [Member]
Y
Dec. 31, 2009
Stock Options [Member]
Y
Jul. 31, 2001
Stock Options [Member]
Feb. 28, 2002
Stock Options [Member]
Golar Scheme [Member]
Jul. 31, 2001
Stock Options [Member]
Directors and Executive Officers [Member]
Share options:                                                
Number of shares authorized for grant                                           2,000,000    
Award term until expiration                                             5 years 10 years
Award vesting period, minimum (in years)                                             3  
Award vesting period, maximum (in years)                                             4  
Subsidiary stock options exchanged for parent company stock options                 5,400,000                              
Options, outstanding (in shares) 849,000 7,279,000 5,487,000 849,000 7,279,000 5,487,000       800,000 1,000,000 1,500,000   0 3,900,000                  
Cost of options modified                             $ 1.4                  
Award vesting period                             2 years 8 months 12 days                  
Weighted average assumptions used:                                                
Risk free interest rate                                     1.80% 2.00% 2.40%      
Expected volatility of common stock                                     53.20% 56.70% 54.40%      
Expected dividend yield       0.00%                             0.00% 0.00% 0.00%      
Expected life of options (in years)                                     2.6 3.5 3.5      
Outstanding:                                                
Options outstanding, beginning of year (in shares)       7,279,000 5,487,000 2,670,000       800,000 1,000,000 1,500,000   6,100,000                    
Options outstanding, grants in period (in shares)         2,323,000 4,190,000   900,000         300,000 897,000   3,900,000               400,000
Options outstanding, exercises in period (in shares)       (1,604,000) (531,000) (200,000)                                    
Options outstanding, forfeitures in period (in shares)       (285,000)   (1,173,000)                                    
Options outstanding, expirations in period (in shares)                         (1,100,000)       (5,438,000)              
Option outstanding, end of year (in shares) 849,000 7,279,000 5,487,000 849,000 7,279,000 5,487,000       800,000 1,000,000 1,500,000   0 3,900,000                  
Weighted average exercise price:                                                
Weighted average exercise price, options, outstanding (USD per share) $ 10.11 $ 2.96 $ 4.51 $ 10.11 $ 2.96 $ 4.51 $ 14.51                                  
Weighted average exercise price, options, granted during period (USD per share)   $ 1.62 $ 2.77   $ 1.62 $ 2.77               $ 11.84                    
Weighted average exercise price, options, exercises in period (USD per share) $ 7.46   $ 9.89 $ 7.46   $ 9.89                                    
Weighted average exercise price, options, forfeitures in period (USD per share)       $ 5.43 $ 7.81 $ 20.16                                    
Weighted average exercise price, options, cancellations in period (USD per share)                                 $ 1.95              
Weighted average remaining contractual term, options, outstanding (in years) 1.2 2.0 2.2 1.2 2.0 2.2 3.2                                  
Options exercisable, outstanding (in shares) 299,000 2,217,000 1,272,000 299,000 2,217,000 1,272,000                                    
Options exercisable, weighted average exercise price (USD per share) $ 9.94 $ 4.66 $ 10.12 $ 9.94 $ 4.66 $ 10.12                                    
Options exercisable, weighted average remaining contractual term (in years) 0.3 1.1 1.2                                          
Intrinsic value of share options exercised       14.9 3.5 0.7                                    
Intrinsic value of share options outstanding and exercisable 29.2 7.3   29.2 7.3                                      
Fair value of share options vested       6.3 1.8 3.9                                    
Compensation cost       2.0 1.9 1.7                                    
Total unrecognized compensation cost                                   6.2 6.2 7.0        
Weighted average period of recognition for unrecognized compensation cost (in years)                                   1.37            
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value $ 29.2 $ 7.3   $ 29.2 $ 7.3