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SHARE CAPITAL AND SHARE BASED COMPENSATION (Tables)

12 Months Ended

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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SHARE CAPITAL AND SHARE OPTIONS [Abstract]

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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.

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