XML 54 R41.htm IDEA: XBRL DOCUMENT v3.22.0.1

Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Compensation Plans

Our share-based compensation plans at December 31, 2021 are as follows:

		Shares				Shares Underlying				Shares
		Authorized				Awards				Available
Plan Name		for Grant				Outstanding				for Grant
2021 Plan			13,467,480				2,483,250				8,288,582
2014 Plan			—				4,986,734				—
Patterson-UTI Energy, Inc. 2005 Long-Term Incentive Plan, as amended			—				1,487,500				—

Stock Option Activity

Stock option activity for the year ended December 31, 2021 follows:

						Weighted Average
		Shares				Exercise Price Per Share
Outstanding at beginning of year			4,026,150			$	21.63
Exercised			—			$	—
Expired			(306,000	)		$	30.10
Outstanding at end of year			3,720,150			$	20.93
Exercisable at end of year			3,720,150			$	20.93

Additional Information with Respect to Non-vested Options

Additional information with respect to options granted, vested and exercised during the years ended December 31, 2021, 2020 and 2019 follows (in thousands, except per share data):

		2021				2020				2019
Weighted-average grant date fair value of stock options granted (per share)		NA				NA				NA
Aggregate grant date fair value of stock options vested during the year		$	89			$	89			$	543
Aggregate intrinsic value of stock options exercised		$	—			$	—			$	—

Restricted Stock Activity

Restricted stock unit activity for the year ended December 31, 2021 follows:

										Weighted Average
		Time				Performance				Grant Date Fair
		Based				Based				Value Per Share
Non-vested restricted stock units outstanding at beginning of year			2,741,548				359,315			$	9.52
Granted			1,797,875				—			$	8.32
Vested			(1,345,034	)			—			$	10.89
Forfeited			(149,670	)			—			$	10.33
Non-vested restricted stock units outstanding at end of year			3,044,719				359,315			$	8.31

Restricted Stock Unit Activity

Additional information as of December 31, 2021 with respect to these non-vested restricted stock units follows (dollars in thousands):

Aggregate intrinsic value		$	27,977
Weighted-average remaining vesting period		1.66 years
Unrecognized compensation cost		$	17,290

Performance Units

The total target number of shares with respect to the Performance Units for the years 2016-2021 is set forth below:

		2021				2020				2019				2018				2017				2016
		Performance				Performance				Performance				Performance				Performance				Performance
		Unit Awards				Unit Awards				Unit Awards				Unit Awards				Unit Awards				Unit Awards
Target number of shares			843,000				500,500				489,800				310,700				186,198				185,000

Fair Value of Performance Units

The fair value of the Performance Units is set forth below (in thousands):

		2021				2020				2019				2018				2017				2016
		Performance				Performance				Performance				Performance				Performance				Performance
		Unit Awards				Unit Awards				Unit Awards				Unit Awards				Unit Awards				Unit Awards
Aggregate fair value at date of grant		$	7,225			$	826			$	9,958			$	8,004			$	5,780			$	3,854

Compensation Expense Associated with Performance Units

Compensation expense associated with the Performance Units is set forth below (in thousands):

		2021				2020				2019				2018				2017				2016
		Performance				Performance				Performance				Performance				Performance				Performance
		Unit Awards				Unit Awards				Unit Awards				Unit Awards				Unit Awards				Unit Awards
Year ended December 31, 2021		$	1,806			$	275			$	3,319			$	667			NA				NA
Year ended December 31, 2020		NA				$	206			$	3,319			$	2,668			$	642			NA
Year ended December 31, 2019		NA				NA				$	2,489			$	2,668			$	1,927			$	321

As of December 31, 2021, we had unrecognized compensation cost of $6.6 million related to our unvested Performance Units. The weighted-average remaining vesting period for these unvested Performance Units was 1.44 years as of December 31, 2021.

X

- Definition

Schedule of additional nonvested options activity.

+ References

No definition available.

+ Details

Name:	pten_ScheduleOfAdditionalNonvestedOptionsActivityTableTextBlock
Namespace Prefix:	pten_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Share based compensation arrangement by share based payment award fair value.

+ References

No definition available.

+ Details

Name:	pten_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueTableTextBlock
Namespace Prefix:	pten_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

+ 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 (c)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ 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 (h)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.F)
-URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested performance-based units.

+ 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 (c)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ 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 (c)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

+ 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 (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ 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 (d)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration