Share and Incentive-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Unvested Restricted Stock Awards

The following table presents a summary of the Company’s unvested restricted stock awards:


	Number of Shares	Weighted Average Grant Date Fair Value
	(In thousands)
Unvested restricted shares outstanding at December 31, 2017	1,105	$	22.62
Granted	366	$	16.06
Vested	(1,049)	$	22.71
Forfeited / Canceled	(39)	$	21.61
Unvested restricted shares outstanding at September 30, 2018	383	$	16.22

Schedule of Unvested Performance Share Units Activity

The following table presents a summary of the Company’s performance share units:


	Number of Units	Fair Value per Unit at September 30, 2018
	(In thousands)
Unvested performance share units outstanding at December 31, 2017	183
Granted	111
Vested	(177)
Forfeited / Canceled	(6)
Unvested performance share units outstanding at September 30, 2018	111	$	20.41

Schedule of Unvested Incentive-based Performance Unit Activity

The following table presents a summary of the Company’s performance units:


	Number of Units	Fair Value per Unit at September 30, 2018
	(In thousands)
Unvested performance units outstanding at December 31, 2017	49
Granted	—
Vested	(48)
Forfeited / Canceled	(1)
Unvested performance units outstanding at September 30, 2018	—	—

Schedule of Employee Service Share and Incentive-based Compensation

The following tables summarize share and incentive-based compensation for the three and nine-month periods ended September 30, 2018, and 2017 (in thousands):


	Recurring Compensation Expense(1)		Executive Terminations(2)		Reduction in Force(2)		Change in Control(3)		Total
Three Months Ended September 30, 2018
Equity-classified awards:
Restricted stock awards	$	523	$	—	$	—	$	—	$	523
Performance share units	41		—		—		—		41
Total share-based compensation expense	564		—		—		—		564



Less: Capitalized compensation expense	(58)		—		—		—		(58)
Share-based compensation expense, net	$	506	$	—	$	—	$	—	$	506

Three Months Ended September 30, 2017
Equity-classified awards:
Restricted stock awards	$	3,084	$	—	$	—	$	—	$	3,084
Performance share units	397		—		—		—		397
Total share-based compensation expense	3,481		—		—		—		3,481
Liability-classified awards:
Performance units	489		—		—		—		489
Total share and incentive-based compensation expense	3,970		—		—		—		3,970
Less: Capitalized compensation expense	(593)		—		—		—		(593)
Share and incentive-based compensation expense, net	$	3,377	$	—	$	—	$	—	$	3,377



Nine Months Ended September 30, 2018
Equity-classified awards:
Restricted stock awards	$	3,902	$	8,140	$	3,777	$	5,181	$	21,000
Performance share units	400		1,056		158		610		2,224
Total share-based compensation expense	4,302		9,196		3,935		5,791		23,224
Liability-classified awards:
Performance units	776		2,151		558		1,309		4,794
Total share and incentive-based compensation expense	5,078		11,347		4,493		7,100		28,018
Less: Capitalized compensation expense	(392)		—		—		(555)		(947)
Share and incentive-based compensation expense, net	$	4,686	$	11,347	$	4,493	$	6,545	$	27,071

Nine Months Ended September 30, 2017
Equity-classified awards:
Restricted stock awards	$	11,698	$	1,825	$	—	$	—	$	13,523
Performance share units	1,007		—		—		—		1,007
Total share-based compensation expense	12,705		1,825		—		—		14,530
Liability-classified awards:
Performance units	2,051		—		—		—		2,051
Total share and incentive-based compensation expense	14,756		1,825		—		—		16,581
Less: Capitalized compensation expense	(2,221)		—		—		—		(2,221)
Share and incentive-based compensation expense, net	$	12,535	$	1,825	$	—	$	—	$	14,360

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1. Recorded in general and administrative expense in the accompanying consolidated statements of operations.

2. Recorded in employee termination benefits in the accompanying consolidated statements of operations.

3. Recorded in accelerated vesting upon change in control in the accompanying consolidated statements of operations.