XML 41 R32.htm IDEA: XBRL DOCUMENT v3.23.1

Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Stock Option Activity

Stock option activity from January 1, 2023 to March 31, 2023 follows:

					Weighted
					Average
	Underlying				Exercise Price
	Shares				Per Share
Outstanding at January 1, 2023		2,905,150			$	22.19
Exercised		—			$	—
Expired		—			$	—
Outstanding at March 31, 2023		2,905,150			$	22.19
Exercisable at March 31, 2023		2,905,150			$	22.19

Restricted Stock Unit Activity

Restricted stock unit activity from January 1, 2023 to March 31, 2023 follows:

									Weighted
									Average Grant
	Time				Performance				Date Fair Value
	Based				Based				Per Share
Non-vested restricted stock units outstanding at January 1, 2023		3,090,846				359,315			$	12.71
Granted		75,707				—			$	16.84
Vested		(88,757	)			—			$	8.45
Forfeited		(13,002	)			—			$	15.45
Non-vested restricted stock units outstanding at March 31, 2023		3,064,794				359,315			$	12.49

Performance Units

The total target number of shares with respect to the Performance Units for the awards granted in 2019-2022 is set forth below:

	2022				2021				2020				2019
	Performance				Performance				Performance				Performance
	Unit Awards				Unit Awards				Unit Awards				Unit Awards
Target number of shares		414,000				843,000				500,500				489,800

Fair Value of Performance Units

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

	2022				2021				2020				2019
	Performance				Performance				Performance				Performance
	Unit Awards				Unit Awards				Unit Awards				Unit Awards
Aggregate fair value at date of grant	$	10,743			$	7,225			$	826			$	9,958

Compensation Expense Associated with Performance Units

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

	2022				2021				2020				2019
	Performance				Performance				Performance				Performance
	Unit Awards				Unit Awards				Unit Awards				Unit Awards
Three months ended March 31, 2023	$	895			$	602			$	69			NA
Three months ended March 31, 2022	NA				$	602			$	69			$	830

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

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ 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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

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