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Equity-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2020
Share-based Payment Arrangement [Abstract] |
Summarized Information Related to Restricted Stock and Restricted Units | The following table summarizes information related to restricted stock held by the Company’s directors for the periods presented:
| Successor
| Shares |  | Weighted Average Grant Date Fair Value per Share
Non-vested shares outstanding November 20, 2020 | — |  |  | $ | — |
Granted | 93,000 |  |  | 37.35 |
Vested | — |  |  | — |
Forfeited | — |  |  | — |
Non-vested shares outstanding December 31, 2020 | 93,000 |  |  | $ | 37.35 |
Unrecognized expense as of December 31, 2020 (Successor) for all outstanding restricted stock awards was $3.5 million and will be recognized over a weighted average period of three years. 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, 2019 (Predecessor) | 5,736,167 |  |  | $ | 8.77 |
Granted | 3,516,579 |  |  | 3.06 |
Vested | (6,054,387) |  |  | 7.92 |
Forfeited(1) | (3,198,359) |  |  | 3.20 |
Non-vested shares outstanding November 19, 2020 (Predecessor) | — |  |  | $ | — |
___________________ (1)On June 12, 2020, all restricted stock awards issued to employees and non-employee directors in 2020 were forfeited and concurrently replaced with cash incentives under the 2020 Incentive Compensation Program. Refer to “2020 Incentive Compensation Program” above for more information.
Summarized 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, 2019 (Predecessor) | 3,027,224 |  |  | $ | 9.12 |
Granted | 2,429,747 |  |  | 2.56 |
Vested | (913,346) |  |  | 8.29 |
Forfeited(1) | (2,396,524) |  |  | 3.13 |
Cancelled | (2,147,101) |  |  | 8.31 |
Non-vested PSUs November 19, 2020 (Predecessor) | — |  |  | $ | — |
___________________ (1)On June 12, 2020, all PSUs issued to the Company’s officers in 2020 were forfeited and concurrently replaced with cash incentives under the 2020 Incentive Compensation Program. Refer to “2020 Incentive Compensation Program” above for more information.
Summary of Assumptions | The following assumptions were used for the Monte Carlo model to determine the grant date fair value and associated equity-based compensation expense of the PSUs granted during the periods presented:
| 2020 |  | 2019 |  | 2018
Forecast period (years) | 2 - 4 |  | 2 - 4 |  | 2 - 4
Risk-free interest rates | 1.53% - 1.55% |  | 2.55% - 2.56% |  | 2.08% - 2.31%
Oasis stock price volatility | 68.56 | % |  | 71.17 | % |  | 72.88 | %
Oasis initial value | $ | 3.19 |  |  | $ | 5.85 |  |  | $ | 8.82 |
Oasis stock price on date of grant | $ | 2.77 |  |  | $ | 6.63 |  |  | $ | 9.27 |
Summarized Information Related to Phantom Units | The following table summarizes information related to OMP Phantom Units held by certain employees of Oasis for the periods presented:
| Phantom Units |  | Weighted Average Fair Value per Unit
Non-vested units outstanding December 31, 2019 (Predecessor) | 362,002 |  |  | $ | 19.09 |
Granted | 242,500 |  |  | 8.65 |
Vested | (242,360) |  |  | 14.01 |
Forfeited(1) | (315,615) |  |  | 8.64 |
Non-vested units outstanding November 19, 2020 (Predecessor) | 46,527 |  |  | $ | 11.77 |
Granted | — |  |  | — |
Vested | (19,927) |  |  | 12.21 |
Forfeited | — |  |  | — |
Non-vested units outstanding December 31, 2020 (Successor) | 26,600 |  |  | $ | 12.55 |
___________________ (1)On June 12, 2020, all OMP Phantom Units issued to certain employees of Oasis in 2020 were forfeited and concurrently replaced with cash incentives under the 2020 Incentive Compensation Program. Refer to “2020 Incentive Compensation Program” above for more information.
Summarized Information Related to Restricted Units | The following table summarizes information related to restricted units held by certain directors of OMP for the periods presented:
| Restricted Units |  | Weighted Average Grant Date Fair Value per Unit
Non-vested units outstanding December 31, 2019 (Predecessor) | 16,170 |  |  | $ | 18.57 |
Granted | 16,170 |  |  | 16.69 |
Vested | (16,170) |  |  | 18.57 |
Forfeited | — |  |  | — |
Non-vested units outstanding November 19, 2020 (Predecessor) | 16,170 |  |  | $ | 16.69 |
Granted | — |  |  | — |
Vested | — |  |  | — |
Forfeited | — |  |  | — |
Non-vested units outstanding December 31, 2020 (Successor) | 16,170 |  |  | $ | 16.69 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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