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Stock-Based Compensation Plans (Tables) | 9 Months Ended
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Sep. 30, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Allocation of Stock-Based Compensation by Functional Category | The following table details the allocation of stock-based compensation that is allocated to functional expense categories (in thousands):
| Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
| 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Operating expense | $ | 720 |  |  | $ | 699 |  |  | $ | 3,509 |  |  | $ | 2,056 |
Brokered natural gas and marketing expense |  | 656 |  |  |  | 531 |  |  |  | 2,314 |  |  |  | 1,310 |
Exploration expense |  | 1,033 |  |  |  | 983 |  |  |  | 3,408 |  |  |  | 3,013 |
General and administrative expense |  | 11,556 |  |  |  | 11,031 |  |  |  | 43,856 |  |  |  | 34,600 |
Total | $ | 13,965 |  |  | $ | 13,244 |  |  | $ | 53,087 |  |  | $ | 40,979 |
SARs Activities | Information with respect to SARs activity is summarized below:
|  | Shares |  |  | Weighted Average Exercise Price |
Outstanding at December 31, 2013 |  |  | 2,582,074 |  |  | $ | 56.36 |
Granted |  |  | 1,104 |  |  |  | 81.74 |
Exercised |  |  | (578,110 | ) |  |  | 45.17 |
Expired/forfeited |  |  | (66 | ) |  |  | 46.44 |
Outstanding at September 30, 2014 |  |  | 2,005,002 |  |  | $ | 59.60 |
Weighted Average Grant Date Fair Value of SARs | During first nine months 2014, we granted SARs to our non-executive chairman in conjunction with his retirement from Range as an employee. The weighted average grant date fair value of these SARs, based on our Black-Scholes-Merton assumptions, is shown below:
|  | Nine Months Ended September 30, 2014 |
Weighted average exercise price per share |  | $ | 81.74 |
Expected annual dividends per share |  |  | 0.20 | %
Expected life in years |  |  | 4.3 |
Expected volatility |  |  | 33 | %
Risk-free interest rate |  |  | 1.4 | %
Weighted average grant date fair value |  | $ | 23.17 |
Summary of Performance Share Unit Awards Activity | The following is a summary of our non-vested PSU awards outstanding at September 30, 2014:
|  | Units |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2013 |  |  | — |  |  | $ | — |
Units granted (a) |  |  | 227,929 |  |  |  | 86.14 |
Units vested (b) |  |  | (69,411 | ) |  |  | 86.30 |
Outstanding at September 30, 2014 |  |  | 158,518 |  |  | $ | 86.07 |
(a) Amounts granted reflect the number of performance units granted. The actual payout of shares may be between zero percent and 150% of the performance units granted depending on the total shareholder return ranking compared to the peer companies at the vesting date. (b) Primarily represents PSU awards granted to our prior executive chairman for the 2013 calendar year while he was a Range officer.
Schedule of Share Based Payment Award Performance Stock Awards Valuation Assumptions | The following assumptions were used to estimate the fair value of PSUs granted during the first nine months 2014:
|  | Nine Months Ended September 30, 2014 |
Risk-free interest rate |  |  | 0.77 | %
Expected annual volatility |  |  | 32.5 | %
Grant date fair value per unit |  | $ | 86.14 |
Restricted Stock and Restricted Stock Units Outstanding | A following is a summary of the status of our non-vested restricted stock and restricted stock units outstanding at September 30, 2014:
|  | Equity Awards |  |  | Liability Awards |
|  | Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Shares |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2013 |  |  | 385,063 |  |  | $ | 68.24 |  |  |  | 389,013 |  |  | $ | 71.02 |
Granted |  |  | 355,094 |  |  |  | 84.96 |  |  |  | 271,438 |  |  |  | 87.41 |
Vested |  |  | (276,461 | ) |  |  | 72.60 |  |  |  | (275,054 | ) |  |  | 75.54 |
Forfeited |  |  | (24,195 | ) |  |  | 75.56 |  |  |  | (90 | ) |  |  | 71.03 |
Outstanding at September 30, 2014 |  |  | 439,501 |  |  | $ | 78.61 |  |  |  | 385,307 |  |  | $ | 79.35 |

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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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