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Office Closing and Exit Costs | 12 Months Ended
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Dec. 31, 2017
Restructuring And Related Activities [Abstract] |
Office Closing and Exit Costs |
(16) | Office Closing and Exit Costs
In first quarter 2015, we announced the closing of our Oklahoma City administrative and operational office in order to lower our general and administrative expenses, due in part to the impact of lower commodity prices on our operations. In fourth quarter 2014, we initially accrued an estimated $8.4 million of termination costs relating to the closure of this office as it had become probable of occurring. In early 2015, the plans to close the Oklahoma City office were finalized which resulted in additional accruals in 2015 for severance and other personnel costs of $275,000, additional accelerated vesting of stock-based compensation of $948,000 and $3.1 million of building lease costs. In the year ended December 31, 2015 additional accruals for severance of $11.4 million and a gain of $731,000 of accelerated vesting of stock-based compensation related to the sale of our Virginia and West Virginia properties which closed on December 30, 2015 and additional reductions in our work force due to the lower commodity price environment. There are no office closing or termination costs associated with the MRD Merger in 2016. As part of a continuing effort to reduce our general and administrative expenses due to the lower commodity price environment, additional accruals for severance of $2.2 million and accelerated vesting of stock-based compensation of $1.7 million were recorded in the year ended December 31, 2017. The following table details the accrued liability as of December 31, 2017 and December 31, 2016 (in thousands):
|  | 2017 |  |  | 2016 |  |
Beginning balance | $ | 2,460 |  | $ | 11,630 |  |
Accrued severance costs |  | 2,176 |  |  | (822 | ) |
Accrued building rent |  | (70 | ) |  | 303 |  |
Payments |  | (2,711 | ) |  | (8,651 | ) |
Ending balance | $ | 1,855 |  | $ | 2,460 |  |
The following summarizes our termination costs for three years ended December 31, 2017, 2016 and 2015 (in thousands):
|  | 2017 |  |  | 2016 |  |  |  | 2015
Severance costs | $ | 2,176 |  | $ | (822 | ) |  | $ | 11,706
Building lease |  | (70 | ) |  | 303 |  |  |  | 3,147
Stock-based compensation |  | 1,664 |  |  | — |  |  |  | 217
Total termination costs | $ | 3,770 |  | $ | (519 | ) |  | $ | 15,070

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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