XML 32 R19.htm IDEA: XBRL DOCUMENT
v3.19.1

Share and Incentive-Based Compensation | 3 Months Ended
--- | ---
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Share and Incentive-Based Compensation | Share and Incentive-Based Compensation Share-Based Compensation Omnibus Incentive Plan. The Company's Omnibus Incentive Plan became effective in October 2016. The Omnibus Incentive Plan authorizes the issuance of up to 4.6 million shares of SandRidge common stock to eligible persons including non-employee directors of the Company, employees of the Company or any of its affiliates, and certain consultants and advisers 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 the Company’s common stock, as well as certain cash-settled awards. At March 31, 2019, the Company had restricted stock awards and an immaterial amount of performance share units and stock options outstanding under the Omnibus Incentive Plan. At March 31, 2018, the Company also had performance units outstanding which vested in June 2018 with an aggregate intrinsic value of approximately $1.7 million. Restricted Stock Awards. The Company’s restricted stock awards are equity-classified awards and are valued based upon the market value of the Company’s common stock on the date of grant. Outstanding restricted shares will generally vest over either a one-year period or three-year period. As of March 31, 2019, the Company had approximately 0.4 million unvested restricted shares outstanding at weighted average grant date fair value of $16.07, and unrecognized compensation cost related to these awards totaled $3.9 million. The remaining weighted average contractual period over which this compensation cost may be recognized is 2.1 years. The following tables summarize share and incentive-based compensation for the three-month periods ended March 31, 2019, and 2018 (in thousands):
|  | Recurring Compensation Expense(1) |  | Executive Terminations(2) |  | Reduction in Force(2) |  |  |  | Total
Three Months Ended March 31, 2019 |  |  |  |  |  |  |  |  |  |
Equity-classified awards: |  |  |  |  |  |  |  |  |  |
Restricted stock awards |  | $ | 745 |  | $ | — |  | $ | — |  |  |  | $ | 745
Performance share units |  | 198 |  | — |  | — |  |  |  | 198
Stock options |  | 130 |  | — |  | — |  |  |  | 130
Total share-based compensation expense |  | 1,073 |  | — |  | — |  |  |  | 1,073
Less: Capitalized compensation expense |  | (77) |  | — |  | — |  |  |  | (77)
Share-based compensation expense, net |  | $ | 996 |  | $ | — |  | $ | — |  |  |  | $ | 996
Three Months Ended March 31, 2018 |  |  |  |  |  |  |  |  |  |
Equity-classified awards: |  |  |  |  |  |  |  |  |  |
Restricted stock awards |  | $ | 2,776 |  | $ | 8,140 |  | $ | 3,686 |  |  |  | $ | 14,602
Performance share units |  | 329 |  | 974 |  | 150 |  |  |  | 1,453
Total share-based compensation expense |  | 3,105 |  | 9,114 |  | 3,836 |  |  |  | 16,055
Liability-classified awards: |  |  |  |  |  |  |  |  |  |
Performance units |  | 530 |  | 2,367 |  | 589 |  |  |  | 3,486
Total share and incentive-based compensation expense |  | 3,635 |  | 11,481 |  | 4,425 |  |  |  | 19,541
Less: Capitalized compensation expense |  | (210) |  | — |  | — |  |  |  | (210)
Share and incentive-based compensation expense, net |  | $ | 3,425 |  | $ | 11,481 |  | $ | 4,425 |  |  |  | $ | 19,331
____________________ 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. Vesting for certain stock restricted stock awards, performance share units, and performance units was accelerated in connection with executive terminations and a reduction in force in the first quarter of 2018.

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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