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Employee Benefits Plans and Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Restricted Stock Units Activity

The following table summarizes RSU activity for the years ended December 31, 2020, 2019 and 2018:

		Restricted Stock Units				Weighted Average Grant Date Fair Value
Unvested RSUs at December 31, 2017			—			$	—
Granted			139,411			$	33.85
Vested			(53	)		$	32.86
Forfeited			(654	)		$	32.86
Unvested RSUs at December 31, 2018			138,704			$	33.85
Granted			732,771			$	24.39
Vested			(69,235	)		$	33.72
Forfeited			(68,463	)		$	25.43
Unvested RSUs at December 31, 2019			733,777			$	25.20
Granted			1,284,797			$	10.02
Vested			(273,787	)		$	25.09
Forfeited			(91,799	)		$	19.65
Unvested RSUs at December 31, 2020			1,652,988			$	13.73

Summary of Performance Share Units Activity

The following table summarizes PSU activity for the years ended December 31, 2020, 2019 and 2018:

		Performance Share Units				Weighted Average Grant Date Fair Value
Unvested PSUs at December 31, 2017			—			$	—
Granted			232,891			$	44.47
Vested			—			$	—
Forfeited			(1,349	)		$	42.94
Unvested PSUs at December 31, 2018			231,542			$	44.47
Granted			218,060			$	33.96
Vested			—			$	—
Forfeited			(31,771	)		$	40.27
Unvested PSUs at December 31, 2019			417,831			$	39.31
Granted			441,642			$	13.05
Vested			—			$	—
Forfeited			(25,301	)		$	37.67
Unvested PSUs at December 31, 2020			834,172			$	25.46

Summary of Assumptions Used to Calculate the Grant Date Fair Value of PSUs Granted

The following table summarizes the assumptions used to calculate the grant date fair value of the PSUs granted for the years ended December 31, 2020, 2019 and 2018:

		2020 Grant Date				2019 Grant Date								2018 Grant Date
		March 5				March 5				May 16				August 29				September 28
Number of simulations			100,000				100,000				100,000				100,000				100,000
Expected term (in years)			2.8				2.8				2.6				2.7				2.6
Expected volatility			48.8	%			46.9	%			44.8	%			50.6	%			47.4	%
Risk-free interest rate			0.6	%			2.5	%			2.1	%			2.7	%			2.9	%
Dividend yield			—	%			—	%			—	%			—	%			—	%

Schedule of Recognized Share Based Compensation Expense, Net

The Company recognized the following share-based compensation expense, net for the years ended December 31, 2020, 2019 and 2018 (in thousands):

		Year Ended December 31,
		2020				2019				2018
Talos Energy Inc. Long Term Incentive Plan		$	16,227			$	12,523			$	2,091
Talos Energy LLC Series B Units			192				256				666
New Talos Energy LLC Series B Units			43				145				3,752
Total share-based compensation expense			16,462				12,924				6,509
Less: amounts capitalized to oil and gas properties			(7,793	)			(5,960	)			(3,616	)
Total share-based compensation expense, net		$	8,669			$	6,964			$	2,893

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

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