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Stock-based Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2021
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, 2021 (in thousands):
|  | 2021 |  |  | 2020 |  |  | 2019 |
Direct operating expense |  | $ | 1,310 |  |  | $ | 1,078 |  |  | $ | 1,928 |
Brokered natural gas and marketing expense |  |  | 1,794 |  |  |  | 1,416 |  |  |  | 1,856 |
Exploration expense |  |  | 1,507 |  |  |  | 1,279 |  |  |  | 1,566 |
General and administrative expense |  |  | 39,673 |  |  |  | 32,905 |  |  |  | 35,061 |
Termination costs |  |  | — |  |  |  | 2,165 |  |  |  | 1,971 |
Total stock-based compensation |  | $ | 44,284 |  |  | $ | 38,843 |  |  | $ | 42,382 |
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, 2021:
|  | 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, 2020 |  |  | 2,815,860 |  |  | $ | 4.97 |  |  |  | 1,186,636 |  |  | $ | 4.18 |
Granted |  |  | 2,340,114 |  |  |  | 10.20 |  |  |  | 1,289,495 |  |  |  | 9.56 |
Vested |  |  | (2,397,336 | ) |  |  | 7.33 |  |  |  | (1,679,502 | ) |  |  | 7.21 |
Forfeited |  |  | (83,861 | ) |  |  | 6.32 |  |  |  | — |  |  |  | — |
Outstanding at December 31, 2021 |  |  | 2,674,777 |  |  | $ | 7.39 |  |  |  | 796,629 |  |  | $ | 6.49 |
Schedule of Share Based Payment Award Performance Stock Awards Valuation Assumptions | The following assumptions were used to estimate the fair value of the TSR awards granted during the years ended December 31, 2021, 2020 and 2019:
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Risk-free interest rate |  |  | 0.2 | % |  |  | 1.4 | % |  |  | 2.4 | %
Expected annual volatility |  |  | 75 | % |  |  | 65 | % |  |  | 46 | %
Grant date fair value per unit |  | $ | 12.58 |  |  | $ | 3.85 |  |  | $ | 11.34 |
Summary of Change in Post Retirement Benefit Obligation | The change in our post-retirement benefit obligation is as follows (in thousands):
Change in Benefit Obligation: |  | 2021 |  |  | 2020 |
Benefit obligation at beginning of year |  | $ | 1,953 |  |  | $ | 1,957 |
Service cost |  |  | 77 |  |  |  | 80 |
Interest cost |  |  | 38 |  |  |  | 50 |
Actuarial (gain) loss |  |  | (62 | ) |  |  | (39 | )
Benefits paid |  |  | (88 | ) |  |  | (95 | )
Benefit obligation at end of year |  | $ | 1,918 |  |  | $ | 1,953 |
Amounts recognized in the consolidated balance sheet: |  |  |  |  |  |
Long-term liabilities |  | $ | 1,918 |  |  | $ | 1,953 |
Components of Net Periodic Post Retirement Benefit Cost: |  |  |  |  |  |
Service cost |  | $ | 77 |  |  | $ | 80 |
Interest cost |  |  | 38 |  |  |  | 50 |
Amortization of prior service cost |  |  | 369 |  |  |  | 369 |
Net periodic post retirement costs (recognized in general and administrative expense) |  | $ | 484 |  |  | $ | 499 |
Other Changes in Benefit Obligations in Other Comprehensive Income (Loss): |  |  |  |  |  |
Net (gain) loss |  | $ | (62 | ) |  | $ | (39 | )
Prior service cost |  |  | — |  |  |  | — |
Amortization of prior service cost |  |  | (369 | ) |  |  | (369 | )
Total recognized in other comprehensive (loss) income |  | $ | (431 | ) |  | $ | (408 | )
Total recognized in net periodic benefit cost and other comprehensive income |  | $ | 53 |  |  | $ | 91 |
Summary of Assumptions Used to Determine Benefit Obligation | The following summarizes the assumptions used to determine the benefit obligation at December 31, 2021 and 2020:
|  | December 31, 2021 |  |  | December 31, 2020 |
Weighted average assumptions used to determine benefit obligation: |  |  |  |  |  |
Discount rate |  |  | 2.5 | % |  |  | 1.9 | %
Assumed weighted average healthcare cost trend rates: |  |  |  |  |  |
Initial healthcare trend rate |  |  | 7.0 | % |  |  | 6.5 | %
Ultimate trend rate |  |  | 4.0 | % |  |  | 4.5 | %
Year ultimate trend rate reached |  | 2033 |  |  | 2024 |
Performance-based Internal Performance Awards |
Summary of Non-Vested Awards Activities | The following is a summary of our non-vested internal performance metric awards activities at December 31, 2021:
|  | Number of Units |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2020 |  |  | 1,099,102 |  |  | $ | 5.92 |
Units granted (a) |  |  | 303,231 |  |  |  | 9.81 |
Vested |  |  | (306,978 | ) |  |  | 12.20 |
Forfeited (b) |  |  | — |  |  |  | — |
Outstanding at December 31, 2021 |  |  | 1,095,355 |  |  | $ | 7.80 |
(a) Amounts granted reflect the number of performance units granted; however, the actual payout of shares will be between zero and 20 0% depending on achievement of specifically identified performance targets. (b) For Production Growth units granted in 2019 which are set to vest in early 2022, the payout is estimated at 74%. For Reserve Growth units granted in 2019 which are set to vest in early 2022, the payout is estimated at 121%.
Performance Based TSR - PSUs |
Summary of Non-Vested Awards Activities | The following is a summary of our non-vested TSR award activities:
|  | Number of Units |  |  | Weighted Average Grant Date Fair Value |
Outstanding at December 31, 2020 |  |  | 1,249,524 |  |  | $ | 9.55 |
Granted (a) |  |  | 223,687 |  |  |  | 12.58 |
Vested and issued (b) |  |  | (325,217 | ) |  |  | 18.51 |
Forfeited |  |  | — |  |  |  | — |
Outstanding at December 31, 2021 |  |  | 1,147,994 |  |  | $ | 7.60 |
(a) These amounts reflect the number of performance units granted. The actual payout of shares may be between zero and 200% of the performance units granted depending on the total shareholder return ranking compared to our peer companies at the vesting date. (b) Includes TSR-PSUs awards issued related to the 2018 performance period where the return on our common stock was negative and therefore, the performances multiple and actual payout was reduced to 100%.

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