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Share and Incentive-Based Compensation
 9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Share and Incentive-Based Compensation Share and Incentive-Based Compensation
Share-Based Compensation

Omnibus Incentive Plan. The Company's 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. At September 30, 2019, the Company had restricted stock awards and an immaterial amount of performance share units and stock options outstanding under the Omnibus Incentive Plan. Vesting for certain restricted stock awards and performance share units was accelerated in connection with the departure of certain executives and reductions in force which occurred during the nine-month period ended September 30, 2019 and the nine-month period ended September 30, 2018. Vesting for certain restricted stock awards, performance share units and performance units was accelerated in the second quarter of 2018 in connection with the change in the composition of the Board after the 2018 annual meeting.

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 September 30, 2019, the Company had approximately 0.2 million unvested restricted shares outstanding at a weighted average grant date fair value of $12.79 per share, and unrecognized compensation cost related to these awards totaled $2.4 million. The remaining weighted average contractual period over which this compensation cost may be recognized is 1.5 years.

The following tables summarize share and incentive-based compensation for the three and nine-month periods ended September 30, 2019, and 2018 (in thousands):

Recurring Compensation Expense(1)
Executive Terminations(2)Reduction in Force(2)Accelerated Vesting(3)
Total
Three Months Ended September 30, 2019
Equity-classified awards:
Restricted stock awards
$478  $—  $(1) $—  $477  
Performance share units168  —  —  —  168  
Stock options195  —  —  —  195  
Total share-based compensation expense841  —  (1) —  840  
Less: Capitalized compensation expense(34) —  —  —  (34) 
Share-based compensation expense, net$807  $—  $(1) $—  $806  
Three Months Ended September 30, 2018
Equity-classified awards:
Restricted stock awards$523  $—  $—  $—  $523  
Performance share units41  —  —  —  41  
Total share-based compensation expense564  —  —  —  564  
Less: Capitalized compensation expense(58) —  —  —  (58) 
Share-based compensation expense, net$506  $—  $—  $—  $506  
____________________
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 of employment compensation in the accompanying consolidated statements of
operations.
Recurring Compensation Expense(1)
Executive Terminations(2)Reduction in Force(2)Accelerated Vesting(3)
Total
Nine Months Ended September 30, 2019
Equity-classified awards:
Restricted stock awards$2,052  $197  $500  $—  $2,749  
Performance share units555  281  —  —  836  
Stock options518  —  —  —  518  
Total share-based compensation expense3,125  478  500  —  4,103  
Less: Capitalized compensation expense
(173) —  —  —  (173) 
Share-based compensation expense, net$2,952  $478  $500  $—  $3,930  
Nine Months Ended September 30, 2018
Equity-classified awards:
Restricted stock awards$3,902  $8,140  $3,777  $5,181  $21,000  
Performance share units400  1,056  158  610  2,224  
Total share-based compensation expense4,302  9,196  3,935  5,791  23,224  
Liability-classified awards:
Performance units776  2,151  558  1,309  4,794  
Total share and incentive-based compensation expense5,078  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  
____________________
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 of employment compensation in the accompanying consolidated statements of
operations.