XML 32 R18.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Share and Incentive-Based Compensation | 9 Months Ended
--- | ---
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Share and Incentive-Based Compensation | Share and Incentive-Based Compensation Successor Share-Based Compensation Omnibus Incentive Plan. Upon the Company’s emergence from bankruptcy, the Predecessor's share-based compensation awards were canceled and pursuant to terms of the Plan, the SandRidge Energy, Inc. 2016 Omnibus Incentive Plan (the “Omnibus Incentive Plan”) became effective. Persons eligible to receive awards under the Omnibus Incentive Plan include non-employee directors of the Company, employees of the Company or any of its affiliates, and certain consultants and advisors to the Company or any of its affiliates. The types of awards that may be granted under the Omnibus Incentive Plan include stock options, restricted stock, performance awards and other forms of awards granted or denominated in shares of Common Stock, as well as certain cash-based awards. At September 30, 2017, the Company had restricted stock awards, performance share units and performance units outstanding under the Omnibus Incentive Plan. Restricted Stock Awards. The Successor Company’s restricted stock awards are valued based upon the market value of the Company’s Common Stock on the date of grant. During October 2016, awards for approximately 1.4 million shares of restricted stock were granted under the Omnibus Incentive Plan. These restricted shares will vest over a three-year period. In 2017, awards for approximately 0.6 million shares were granted, which will vest over a period of approximately 2.5 years. The Successor Company recognized total share-based compensation expense related to its restricted stock awards of $3.1 million and $13.5 million, of which $0.5 million and $1.8 million were capitalized, for the three and nine-month periods ended September 30, 2017, respectively. Share-based compensation expense for the nine-month period ended September 30, 2017, includes $1.8 million for the accelerated vesting of 0.1 million restricted common stock awards. The following table presents a summary of the Successor Company’s unvested restricted stock awards.
| Number of Shares |  | Weighted Average Grant Date Fair Value
| (In thousands) |  |
Unvested restricted shares outstanding at December 31, 2016 | 1,407 |  |  | $ | 24.32 |
Granted | 640 |  |  | $ | 20.04 |
Vested | (464 | ) |  | $ | 22.41 |
Forfeited / Canceled | (96 | ) |  | $ | 23.52 |
Unvested restricted shares outstanding at September 30, 2017 | 1,487 |  |  | $ | 23.13 |
As of September 30, 2017, the Successor Company’s unrecognized compensation cost related to unvested restricted stock awards was $25.0 million. The remaining weighted-average contractual period over which this compensation cost may be recognized is 2.0 years. The Successor Company’s restricted stock awards are equity-classified awards. Performance Share Units. In February 2017, the Company granted performance share units which vest upon completion of the performance period, which is January 1, 2017 through June 30, 2019. The performance share units will be settled in Common Stock, up to a maximum of approximately 0.4 million shares of Common Stock, provided the required performance measures are met. The shares are valued based on one share of the Company Common Stock per performance share unit as awarded based on the Company’s performance relative to certain performance and market conditions. The Company’s performance share units are equity-classified awards. The Successor Company recognized total share-based compensation expense related to its performance share units of $0.4 million and $1.0 million, of which $0.1 million and $0.2 million were capitalized, for the three and nine-month periods ended September 30, 2017, respectively. Successor Incentive-Based Compensation Performance Units. In October 2016, the Company granted performance units which will vest over a three-year period and will be settled in cash, provided the required performance measures are met. The performance units were issued at a value of $100 each and the value at vesting will be determined by annual scorecard results. The Company’s performance units are liability-classified awards. The Successor Company recognized total incentive-based compensation expense related to its performance units of $0.5 million and $2.1 million, of which $0.1 million and $0.3 million were capitalized, for the three and nine-month periods ended September 30, 2017, respectively. At September 30, 2017, the liability related to performance units was $2.5 million. Predecessor Share-Based Compensation Restricted Common Stock Awards. Prior to the cancellation of the Predecessor Company’s share-based compensation awards on the Emergence Date, the then-existing restricted common stock awards generally vested over a four-year period, subject to certain conditions, and were valued based upon the market value of the Company’s common stock on the date of grant. For the three and nine-month periods ended September 30, 2016, the Company recognized total share-based compensation expense related to its restricted stock awards of $1.8 million and $11.2 million, of which $0.5 million and $1.7 million were capitalized, respectively. Share-based compensation expense for the nine-month period ended September 30, 2016, included $5.4 million for the accelerated vesting of 1.3 million restricted common stock awards related to the Predecessor Company’s reduction in workforce during the first quarter of 2016. There was no significant activity related to the Predecessor Company’s then-outstanding restricted stock units, performance units and performance share units during the three and nine-month periods ended September 30, 2016. The following table presents a summary of the Predecessor Company’s unvested restricted stock awards.
| Number of Shares |  | Weighted-Average Grant Date Fair Value
| (In thousands) |  |
Unvested restricted shares outstanding at December 31, 2015 | 5,626 |  |  | $ | 4.85 |
Granted | — |  |  | $ | — |
Vested | (3,034 | ) |  | $ | 5.34 |
Forfeited / Canceled | (158 | ) |  | $ | 6.25 |
Unvested restricted shares outstanding at September 30, 2016 | 2,434 |  |  | $ | 4.15 |

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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