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Stock-based Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Allocation of Stock-Based Compensation by Functional Category | The following table details the amount of stock-based compensation that is allocated to functional expense categories for each of the years in the three-year period ended December 31, 2015 (in thousands):
| 2015 |  |  | 2014 |  |  | 2013 |
Direct operating expense | $ | 2,780 |  |  | $ | 4,208 |  |  | $ | 2,755 |
Brokered natural gas and marketing expense |  | 2,132 |  |  |  | 3,523 |  |  |  | 1,852 |
Exploration expense |  | 2,985 |  |  |  | 4,569 |  |  |  | 4,025 |
General and administrative expense |  | 49,687 |  |  |  | 55,382 |  |  |  | 55,737 |
Termination costs |  | 217 |  |  |  | 2,999 |  |  |  | ¾ |
Total | $ | 57,801 |  |  | $ | 70,681 |  |  | $ | 64,369 |
Summary of Performance Share Unit Award Activities | The following is a summary of our non-vested PSU award activities:
|  | Number of Units (a) |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2013 |  |  | — |  |  | $ | — |
Granted |  |  | 227,929 |  |  |  | 86.14 |
Vested (b) |  |  | (92,077 | ) |  |  | 86.23 |
Forfeited |  |  | (1,511 | ) |  |  | 82.60 |
Outstanding at December 31, 2014 |  |  | 134,341 |  |  |  | 86.11 |
Granted |  |  | 276,204 |  |  |  | 56.78 |
Vested (c) |  |  | (143,094 | ) |  |  | 68.73 |
Forfeited |  |  | (5,327 | ) |  |  | 82.60 |
Outstanding at December 31, 2015 |  |  | 262,124 |  |  | $ | 64.77 |
(a) These amounts 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 our 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. (c) Includes PSU awards of 19,684 that were modified and fully vested effective with the closing of our Oklahoma City Office and the sale of our Virginia and West Virginia assets.
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 year ended December 31, 2015 and 2014:
|  | Year Ended December 31, |
|  | 2015 |  |  |  | 2014 |
Risk-free interest rate |  | 1.02 | % |  |  | 0.77 | %
Expected annual volatility |  | 33 | % |  |  | 33 | %
Grant date fair value per unit | $ | 56.78 |  |  | $ | 86.14 |
Restricted Stock and Restricted Stock Units Outstanding | A summary of the status of our non-vested restricted stock outstanding at December 31, 2015 is summarized below:
| Equity Awards |  |  | Liability Awards |
| Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Shares |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2012 |  | 349,156 |  |  | $ | 59.08 |  |  |  | 423,478 |  |  | $ | 58.91 |
Granted |  | 402,053 |  |  |  | 71.26 |  |  |  | 424,809 |  |  |  | 75.53 |
Vested |  | (315,535 | ) |  |  | 62.43 |  |  |  | (437,570 | ) |  |  | 64.36 |
Forfeited |  | (50,611 | ) |  |  | 65.29 |  |  |  | (21,704 | ) |  |  | 57.31 |
Outstanding at December 31, 2013 |  | 385,063 |  |  |  | 68.24 |  |  |  | 389,013 |  |  |  | 71.02 |
Granted |  | 356,194 |  |  |  | 84.87 |  |  |  | 272,052 |  |  |  | 87.34 |
Vested |  | (354,237 | ) |  |  | 72.85 |  |  |  | (356,413 | ) |  |  | 75.52 |
Forfeited |  | (26,605 | ) |  |  | 75.66 |  |  |  | (148 | ) |  |  | 77.35 |
Outstanding at December 31, 2014 |  | 360,415 |  |  |  | 79.60 |  |  |  | 304,504 |  |  |  | 80.33 |
Granted |  | 587,711 |  |  |  | 52.29 |  |  |  | 343,397 |  |  |  | 55.92 |
Vested |  | (480,253 | ) |  |  | 65.21 |  |  |  | (330,870 | ) |  |  | 68.71 |
Forfeited |  | (31,109 | ) |  |  | 64.73 |  |  |  | (8,294 | ) |  |  | 74.22 |
Outstanding at December 31, 2015 |  | 436,764 |  |  | $ | 59.74 |  |  |  | 308,737 |  |  | $ | 65.80 |
Stock Option and SARs Activities | Information with respect to our SARs activities is summarized below. During 2014, we granted SARs to our former executive chairman in conjunction with his retirement from Range as an employee.
| Shares |  |  | Weighted Average Exercise Price |
Outstanding at December 31, 2012 |  | 3,433,362 |  |  | $ | 52.52 |
Granted |  | 470,617 |  |  |  | 75.82 |
Exercised |  | (1,269,323 | ) |  |  | 53.24 |
Expired/forfeited |  | (52,582 | ) |  |  | 53.56 |
Outstanding at December 31, 2013 |  | 2,582,074 |  |  |  | 56.36 |
Granted |  | 1,104 |  |  |  | 81.74 |
Exercised |  | (616,563 | ) |  |  | 45.45 |
Expired/forfeited |  | (66 | ) |  |  | 46.44 |
Outstanding at December 31, 2014 |  | 1,966,549 |  |  |  | 59.80 |
Exercised |  | (427,598 | ) |  |  | 45.67 |
Expired/forfeited |  | (27,974 | ) |  |  | 63.10 |
Outstanding at December 31, 2015 |  | 1,510,977 |  |  | $ | 63.73 |
Summary of SARs Outstanding and Exercisable | The following table shows information with respect to SARs outstanding and exercisable at December 31, 2015:
|  | Outstanding |  |  | Exercisable |
Range of Exercise Prices |  | Shares |  |  | Weighted Average Remaining Contractual Life (in years) |  |  | Weighted Average Exercise Price |  |  | Shares |  |  | Weighted Average Exercise Price |
$ 40.00–$ 49.99 |  |  | 112,769 |  |  |  | 0.13 |  |  | $ | 49.18 |  |  |  | 112,769 |  |  | $ | 49.18 |
50.00–59.99 |  |  | 355,052 |  |  |  | 0.38 |  |  |  | 52.35 |  |  |  | 355,052 |  |  |  | 52.35 |
60.00–69.99 |  |  | 602,926 |  |  |  | 1.34 |  |  |  | 64.19 |  |  |  | 602,926 |  |  |  | 64.19 |
70.00–79.99 |  |  | 438,330 |  |  |  | 2.28 |  |  |  | 75.99 |  |  |  | 301,641 |  |  |  | 76.08 |
80.00–81.15 |  |  | 1,900 |  |  |  | 2.69 |  |  |  | 81.15 |  |  |  | 1,900 |  |  |  | 81.15 |
Total |  |  | 1,510,977 |  |  |  | 1.30 |  |  | $ | 63.73 |  |  |  | 1,374,288 |  |  | $ | 62.53 |
Weighted Average Grant Date Fair Value of SARs | The weighted average grant date fair value of these SARs, based on our Black-Scholes-Merton assumptions, is shown below:
| 2014 |  |  | 2013 |
Weighted average exercise price per share | $ | 81.74 |  |  | $ | 75.82 |
Expected annual dividend yield |  | 0.20 | % |  |  | 0.21 | %
Expected life in years |  | 4.3 |  |  |  | 3.7 |
Expected volatility |  | 33 | % |  |  | 35 | %
Risk-free interest rate |  | 1.4 | % |  |  | 0.6 | %
Weighted average grant date fair value per share | $ | 23.17 |  |  | $ | 20.20 |

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