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Stock-based Compensation Plans (Tables) | 6 Months Ended
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Jun. 30, 2017
Allocation of Stock-Based Compensation by Functional Category | The following table details the allocation of stock-based compensation to functional expense categories (in thousands):
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |
| 2017 |  |  |  | 2016 |  |  |  | 2017 |  |  |  | 2016 |
Direct operating expense | $ | 522 |  |  | $ | 696 |  |  | $ | 1,046 |  |  | $ | 1,284 |
Brokered natural gas and marketing expense |  | 388 |  |  |  | 378 |  |  |  | 651 |  |  |  | 894 |
Exploration expense |  | 528 |  |  |  | 371 |  |  |  | 1,035 |  |  |  | 1,061 |
General and administrative expense |  | 14,279 |  |  |  | 15,443 |  |  |  | 25,197 |  |  |  | 26,556 |
Termination costs |  | (46 | ) |  |  | — |  |  |  | 1,696 |  |  |  | — |
Total stock-based compensation | $ | 15,671 |  |  | $ | 16,888 |  |  | $ | 29,625 |  |  | $ | 29,795 |
Schedule of Share Based Payment Award Performance Stock Awards Valuation Assumptions | The following assumptions were used to estimate the fair value of TSRs granted during first six months 2017 and 2016:
|  | Six Months Ended June 30, |
| 2017 |  |  |  | 2016 |
Risk-free interest rate |  | 1.49 | % |  |  | 0.94 | %
Expected annual volatility |  | 44 | % |  |  | 49 | %
Weighted average grant date fair value per unit | $ | 26.26 |  |  | $ | 36.64 |
Restricted Stock and Restricted Stock Units Outstanding | The following is a summary of the status of our non-vested restricted stock outstanding at June 30, 2017:
|  | Equity Awards |  |  | Liability Awards |
|  | Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Shares |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2016 |  |  | 765,971 |  |  | $ | 33.62 |  |  |  | 425,018 |  |  | $ | 43.48 |
Granted |  |  | 874,826 |  |  |  | 32.93 |  |  |  | 539,028 |  |  |  | 25.99 |
Vested |  |  | (384,899 | ) |  |  | 35.31 |  |  |  | (250,796 | ) |  |  | 37.52 |
Forfeited |  |  | (71,169 | ) |  |  | 33.28 |  |  |  | (4,342 | ) |  |  | 31.10 |
Outstanding at June 30, 2017 |  |  | 1,184,729 |  |  | $ | 32.58 |  |  |  | 708,908 |  |  | $ | 32.36 |
Stock Option and SARs Activities | Information with respect to SARs activity is summarized below:
|  | Shares |  |  | Weighted Average Exercise Price |
Outstanding at December 31, 2016 |  |  | 1,003,600 |  |  | $ | 69.08 |
Exercised |  |  | — |  |  |  | — |
Expired/forfeited |  |  | (606,962 | ) |  |  | 62.01 |
Outstanding at June 30, 2017 |  |  | 396,638 |  |  | $ | 76.56 |
Market-based TSR |
Summary of Non-Vested Awards Activities | The following is a summary of our non-vested TSR awards outstanding at June 30, 2017:
|  | Number of Units |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2016 |  |  | 395,908 |  |  | $ | 44.39 |
Units granted (a) |  |  | 358,519 |  |  |  | 26.26 |
Units vested |  |  | (142,954 | ) |  |  | 45.80 |
Units forfeited |  |  | (3,679 | ) |  |  | 44.21 |
Outstanding at June 30, 2017 |  |  | 607,794 |  |  | $ | 33.37 |
(a) Amounts granted reflect the number of performance units granted; however, the actual payout of shares will be between zero and 150% of the performance units granted depending on the total shareholder return ranking compared to the peer companies at the end of the three-year performance period.
Performance-based PGPS/RGPS |
Summary of Non-Vested Awards Activities | The following is a summary of our non-vested PGPS/RGPS awards outstanding at June 30, 2017:
| Number of Units |  |  |  | Weighted Average Grant Date Fair Value of Range Stock |
Outstanding at December 31, 2016 |  | — |  |  |  | — |
Units granted (a) |  | 122,921 |  |  | $ | 25.53 |
Units vested |  | (10,246 | ) |  |  | 25.74 |
Outstanding at June 30, 2017 |  | 112,675 |  |  | $ | 25.51 |
(a) Amounts granted reflect the number of performance units granted; however, the actual payout of shares will be between zero and 150% depending on achievement of specifically identified performance targets.

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