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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summarizes Information Related to Restricted Stock
The following table summarizes information related to restricted stock held by the Company’s employees and directors for the periods presented:
 
 
Shares
 
Weighted Average
Grant Date
Fair Value per Share
Non-vested shares outstanding December 31, 2014
1,370,418

 
$
40.03

Granted
1,328,560

 
14.28

Vested
(675,165
)
 
36.77

Forfeited
(182,664
)
 
26.08

Non-vested shares outstanding December 31, 2015
1,841,149

 
$
24.03

Summarizes Information Related to Performance Share Units
The following table summarizes information related to PSUs held by the Company’s officers for the periods presented:
 
 
Units
 
Weighted Average
Grant Date
Fair Value per Unit
Non-vested PSUs at December 31, 2014
402,140

 
$
36.68

Granted
425,590

 
11.20

Vested
(92,038
)
 
26.22

Forfeited
(71,438
)
 
25.97

Non-vested PSUs at December 31, 2015
664,254

 
$
22.96

Summary of Assumptions
The following assumptions were used for the Monte Carlo model to determine the grant date fair value and associated stock-based compensation expense of the PSUs granted during the periods presented:
 
 
2015
 
2014
 
2013
Forecast period (years)
4

 
4

 
4

Risk-free interest rate
0.99
%
 
1.12
%
 
0.65
%
Oasis stock price volatility
50.11
%
 
44.49
%
 
47.48
%