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Stock-based Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2017
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, 2017 (in thousands):
| 2017 (1) |  |  | 2016 |  |  | 2015 |
Direct operating expense | $ | 2,060 |  |  | $ | 2,302 |  |  | $ | 2,780 |
Brokered natural gas and marketing expense |  | 1,437 |  |  |  | 1,725 |  |  |  | 2,132 |
Exploration expense |  | 2,742 |  |  |  | 2,298 |  |  |  | 2,985 |
General and administrative expense |  | 74,873 |  |  |  | 49,293 |  |  |  | 49,687 |
Termination costs |  | 1,664 |  |  |  | — |  |  |  | 217 |
Total | $ | 82,776 |  |  | $ | 55,618 |  |  | $ | 57,801 |
| (1) | Includes $30.8 million accelerated vesting of equity grants.
Restricted Stock and Restricted Stock Units Outstanding | The following is a summary of the status of our non-vested restricted stock outstanding at December 31, 2017:
| Restricted Stock Equity Awards |  |  | Restricted Stock Liability Awards |
| Shares |  |  | Weighted Average Grant Date Fair Value |  |  | Shares |  |  | Weighted Average Grant Date Fair Value |
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 |
Granted |  | 973,491 |  |  |  | 28.51 |  |  |  | 540,128 |  |  |  | 35.92 |
Vested |  | (525,617 | ) |  |  | 43.83 |  |  |  | (374,328 | ) |  |  | 51.40 |
Forfeited |  | (118,667 | ) |  |  | 42.60 |  |  |  | (49,519 | ) |  |  | 40.33 |
Outstanding at December 31, 2016 |  | 765,971 |  |  |  | 33.62 |  |  |  | 425,018 |  |  |  | 43.48 |
Granted |  | 888,326 |  |  |  | 32.61 |  |  |  | 543,438 |  |  |  | 25.91 |
Vested |  | (698,563 | ) |  |  | 34.82 |  |  |  | (908,912 | ) |  |  | 33.71 |
Forfeited |  | (122,676 | ) |  |  | 32.91 |  |  |  | (4,342 | ) |  |  | 31.10 |
Outstanding at December 31, 2017 |  | 833,058 |  |  | $ | 31.64 |  |  |  | 55,202 |  |  | $ | 32.26 |
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 years ended December 31, 2017, 2016 and 2015:
|  | Year Ended December 31, 2017 |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Risk-free interest rate |  |  | 1.49 | % |  |  | 0.94 | % |  |  | 1.02 | %
Expected annual volatility |  |  | 44 | % |  |  | 49 | % |  |  | 33 | %
Grant date fair value per unit |  | $ | 26.26 |  |  | $ | 36.64 |  |  | $ | 56.78 |
Summary of SARs Outstanding and Exercisable | The following table shows information with respect to SARs outstanding and exercisable at December 31, 2017:
|  | Outstanding |  |  | Exercisable |
Range of Exercise Prices |  | Shares |  |  | Weighted Average Remaining Contractual Life (in years) |  |  | Weighted Average Exercise Price |  |  | Shares |  |  | Weighted Average Exercise Price |
$ 70.00–$ 79.99 |  |  | 380,879 |  |  |  | 0.36 |  |  | $ | 76.51 |  |  |  | 380,879 |  |  | $ | 76.51 |
80.00–81.15 |  |  | 1,900 |  |  |  | 0.69 |  |  |  | 81.15 |  |  |  | 1,900 |  |  |  | 81.15 |
Total |  |  | 382,779 |  |  |  | 0.36 |  |  | $ | 76.54 |  |  |  | 382,779 |  |  | $ | 76.54 |
Summary of Change in Benefit Obligations Recognized in Comprehensive Income on Pre-tax Basis and Amounts Recognized in Consolidated Balance Sheets | Effective fourth quarter 2017, we implemented a post-retirement benefit plan to assist in providing health care to officers who are active employees (including their spouses) and have met certain age and service requirements. These benefits are not funded in advance and are provided up to age 65 or at the date they become eligible for Medicare, subject to various cost-sharing features (in thousands).
| December 31, 2017 |
Accumulated benefit obligation | $ | 1,769 |
Change in benefit obligations (recognized in comprehensive income – pretax) |  |  |
Beginning balance at December 31, 2016 | $ | — |
Prior service cost |  | 1,769 |
Total other comprehensive income (loss) at December 31, 2017 | $ | 1,769 |
Amounts recognized in the consolidated balance sheets: |  |  |
Noncurrent liability-accrued benefit cost | $ | 1,769 |
Summary of Assumptions Used to Determine Benefit Obligation | The following summarizes the assumptions used to determine the benefit obligation at December 31, 2017.
| December 31, 2017 |
Weighted average assumptions used to determine benefit obligation: |  |  |
Discount rate |  | 3.3 | %
Assumed weighted average healthcare cost trend rates: |  |  |
Initial healthcare trend rate |  | 7.00 | %
Ultimate trend rate |  | 5.00 | %
Year ultimate trend rate reached |  | 2028 |
Stock Option and SARs Activities | Information with respect to our SARs activities is summarized below.
| Shares |  |  | Weighted Average Exercise Price |
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 |
Expired/forfeited |  | (507,377 | ) |  |  | 53.16 |
Outstanding at December 31, 2016 |  | 1,003,600 |  |  |  | 69.08 |
Expired/forfeited |  | (620,821 | ) |  |  | 62.29 |
Outstanding at December 31, 2017 |  | 382,779 |  |  | $ | 76.54 |
Performance-based PG-PSUs and RG-PSUs |
Summary of Non-Vested Awards Activities | The following is a summary of our non-vested PG/RG-PSUs awards outstanding at December 31, 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 |
Outstanding at December 30, 2017 |  | 122,921 |  |  | $ | 25.53 |
(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.
Performance Based TSR - PSUs |
Summary of Non-Vested Awards Activities | The following is a summary of our non-vested TSR – PSUs award activities:
|  | Number of Units |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2014 |  |  | 226,418 |  |  | $ | 86.16 |
Granted (a) |  |  | 276,204 |  |  |  | 56.78 |
Forfeited |  |  | (2,679 | ) |  |  | 82.60 |
Outstanding at December 31, 2015 |  |  | 499,943 |  |  |  | 69.95 |
Granted (a) |  |  | 413,959 |  |  |  | 36.64 |
Forfeited |  |  | (42,603 | ) |  |  | 46.09 |
Outstanding at December 31, 2016 |  |  | 871,299 |  |  |  | 55.29 |
Granted (a) |  |  | 358,519 |  |  |  | 26.26 |
Vested and issued (b) |  |  | (85,461 | ) |  |  | 86.23 |
Forfeited |  |  | (134,515 | ) |  |  | 85.24 |
Outstanding at December 31, 2017 |  |  | 1,009,842 |  |  | $ | 38.38 |
(a) These amounts reflect the number of performance units granted. The actual payout of shares may be between zero and 150% of the performance units granted depending on the total shareholder return ranking compared to our peer companies at the vesting date. (b) Includes 85,461 TSR-PSU awards issued related to the 2014 performance period where the return on our common stock was the 67th percentile for the February 2014 grant and 56th percentile for the May 2014 grant. The remaining 2014 awards are considered to be forfeited.

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