XML 151 R133.htm IDEA: XBRL DOCUMENT v3.19.1
SHARE CAPITAL AND SHARE OPTIONS - Share Options (Details) - USD ($)
1 Months Ended 12 Months Ended
Feb. 28, 2002
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Share options:              
Options, outstanding (in shares)   4,017,000 4,017,000   3,805,000 4,017,000  
Weighted average assumptions used:              
Expected dividend yield   0.00%          
Outstanding:              
Options outstanding, beginning of year (in shares)   4,017,000          
Options outstanding, granted in period (in shares)   508,000          
Options outstanding, exercises in period (in shares)   (184,000)          
Options outstanding, forfeitures in period (in shares)   (521,000)          
Options outstanding, lapsed in period (in shares)   (15,000)          
Option outstanding, end of year (in shares)   3,805,000 4,017,000        
Weighted average exercise price:              
Weighted average exercise price, options, outstanding, beginning of year (USD per share)   $ 37.92          
Weighted average exercise price, options, grants in period (USD per share)   27.20          
Weighted average exercise price, options, exercises in period (USD per share)   14.60          
Weighted average exercise price, options, forfeitures in period (USD per share)   45.06          
Weighted average exercise price, options, lapsed in period (USD per share)   31.46          
Weighted average exercise price, options, outstanding, end of year (USD per share)   $ 36.16 $ 37.92        
Intrinsic value of share options exercised   $ 2,621,000 $ 286,000 $ 1,326,000      
Total fair value of share options fully vested in the year   $ 16,623,000 $ 13,601,000 $ 113,000      
Weighted average remaining contractual term, options, outstanding (in years)   2 years 5 months 3 years        
Options exercisable, outstanding (in shares)         2,320,000 1,139,000 108,000
Options exercisable, weighted average exercise price (USD per share)         $ 39.02 $ 37.92 $ 2.84
Options exercisable, weighted average remaining contractual term (in years)   1 year 11 months 15 days 2 years 6 months 10 days 10 months      
Intrinsic value of share options outstanding and exercisable         $ 0 $ 0 $ 0
Compensation cost   $ 11,748,000 $ 8,777,000 $ 5,830,000      
Share options cost capitalized   $ 421,000 $ 1,823,000 $ 822,000      
Golar Scheme              
Share options:              
Options, outstanding (in shares)   4,000,000 3,800,000 3,800,000 3,800,000 4,000,000 3,800,000
Outstanding:              
Options outstanding, beginning of year (in shares)   4,000,000 3,800,000        
Option outstanding, end of year (in shares)   3,800,000 4,000,000 3,800,000      
Employee Stock Options              
Weighted average assumptions used:              
Risk free interest rate   2.50% 1.80% 1.80%      
Expected volatility of common stock   62.50% 54.50% 55.00%      
Expected dividend yield   0.00% 0.00% 0.00%      
Expected term of options (in years)   3 years 7 months 3 years 10 months 5 years      
Outstanding:              
Options outstanding, granted in period (in shares)   500,000 400,000        
Weighted average exercise price:              
Total unrecognized compensation cost         $ 11,300,000    
Weighted average period of recognition for unrecognized compensation cost (in years)   1 year 6 months          
Employee Stock Options | Golar Scheme              
Share options:              
Award term until expiration 5 years            
Number of shares authorized for grant 0            
Employee Stock Options | Golar Scheme | Minimum              
Share options:              
Award vesting period (in years) 3 years            
Employee Stock Options | Golar Scheme | Maximum              
Share options:              
Award vesting period (in years) 4 years            
Employee Stock Options | LTIP              
Share options:              
Number of shares authorized for grant         3,000,000    
Originally Awarded From 2009-2011 | Employee Stock Options              
Share options:              
Options, outstanding (in shares)   95,138 95,138     95,138  
Outstanding:              
Options outstanding, beginning of year (in shares)   95,138          
Option outstanding, end of year (in shares)     95,138        
Weighted average exercise price:              
Compensation cost     $ 600,000