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SHARE CAPITAL AND SHARE BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2019
SHARE CAPITAL AND SHARE OPTIONS [Abstract] |
Authorized and issue share capital | As at December 31, 2019 and 2018, our authorized and issued share capital is as follows: Authorized share capital:
(in thousands of $, except per share data) | 2019 |  | 2018
150,000,000 (2018: 150,000,000) common shares of $1.00 each | 150,000 |  |  | 150,000 |
Issued share capital:
(in thousands of $, except per share data) | 2019 |  | 2018
101,302,404 (2018: 101,302,404) outstanding issued common shares of $1.00 each | 101,303 |  |  | 101,303 |
Weighted average assumptions used | The weighted average assumptions as at grant date are noted in the table below:
|  | 2018 |  | 2017
Risk free interest rate |  | 2.5 | % |  | 1.8 | %
Expected volatility of common stock |  | 62.5 | % |  | 54.5 | %
Expected dividend yield |  | 0.0 | % |  | 0.0 | %
Expected term of options (in years) |  | 3.6 years |  | 3.8 years
Summary of stock option activity | A summary of option activity for the year ended December 31, 2019 is presented below:
(in thousands of $, except per share data) | Shares (in '000s) |  | Weighted average exercise price |  | Weighted average remaining contractual term (years)
Options outstanding at December 31, 2018 | 3,805 |  |  | $ | 36.16 |  |  | 2.4
Forfeited during the year | (437) |  |  | $ | 40.00 |  |  |
Lapsed during the year | (688) |  |  | $ | 55.18 |  |  |
Options outstanding at December 31, 2019 | 2,680 |  |  | $ | 30.23 |  |  | 1.9
Options outstanding and exercisable at: |  |  |  |  |
December 31, 2019 | 2,221 |  |  | $ | 30.74 |  |  | 1.7
December 31, 2018 | 2,320 |  |  | $ | 39.02 |  |  | 1.96
December 31, 2017 | 1,139 |  |  | $ | 37.92 |  |  | 2.53
| Year ended December 31 |  |  |  |
In $'000 | 2019 |  | 2018 |  | 2017
Intrinsic value of share options exercised | — |  |  | 2,621 |  |  | 286 |
Total fair value of share options fully vested in the year | 8,967 |  |  | 16,623 |  |  | 13,601 |
Compensation cost recognized in the consolidated statement of income | 7,148 |  |  | 11,748 |  |  | 8,777 |
Share options cost capitalized* | 608 |  |  | 421 |  |  | 1,823 |
*These costs have been capitalized as part of the cost of the conversion of the Gimi and the Hilli, representing share options awarded to employees directly involved in the conversion.
Schedule of Nonvested Restricted Stock Units Activity | A summary of RSU activity for the year ended December 31, 2019 is presented below:
(in thousands of $, except per share data) | Shares (in '000s) |  | Weighted average grant date fair value per share |  | Weighted average remaining contractual term (years)
Granted during the year | 239 |  |  | 20.61 |  |
Forfeited during the year | (16) |  |  | 20.61 |  |
Non-vested RSUs at December 31, 2019 | 223 |  |  | 20.61 |  | 2.40

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- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65888546&loc=d3e21300-112643 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21553-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21488-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21484-112644 Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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