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Share Based Compensation | 12 Months Ended
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Dec. 31, 2019
Share-based Payment Arrangement [Abstract] |
Share-Based Compensation | Share-Based Compensation Share-Based Compensation Omnibus Incentive Plan. The Omnibus Incentive Plan became effective on October 4, 2016 and authorizes the issuance of up to 4.6 million shares of SandRidge common stock. 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 December 31, 2019, the Company had restricted stock awards and immaterial amounts of performance share units and stock options outstanding under the Omnibus Incentive Plan. Forfeitures for these awards are recognized as they occur. 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. Vesting for certain restricted stock awards was accelerated in connection with executive terminations and reductions in force in the first quarter of 2018 and second quarter of 2019. Additionally, certain restricted stock awards vested in June 2018 as a result of the accelerated vesting event related to the change in the composition of the Board resulting from the 2018 annual meeting discussed in Note 19. The Company granted additional restricted stock awards in the second half of 2018. Outstanding restricted shares at December 31, 2019 will generally vest over either a one-year period or three-year period with a remaining weighted average contractual period of 1.3 years and have an insignificant amount of associated unrecognized compensation cost. 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, 2016 | 1,407 |  |  | $ | 24.32 |
Granted | 671 |  |  | $ | 19.97 |
Vested | (827) |  |  | $ | 23.23 |
Forfeited / Canceled | (146) |  |  | $ | 23.52 |
Unvested restricted shares outstanding at December 31, 2017 | 1,105 |  |  | $ | 22.62 |
Granted | 370 |  |  | $ | 16.00 |
Vested | (1,066) |  |  | $ | 22.63 |
Forfeited / Canceled | (44) |  |  | $ | 21.04 |
Unvested restricted shares outstanding at December 31, 2018 | 365 |  |  | $ | 16.07 |
Granted | 93 |  |  | $ | 8.06 |
Vested (1) | (210) |  |  | $ | 16.29 |
Forfeited / Canceled | (15) |  |  | $ | 16.25 |
Unvested restricted shares outstanding at December 31, 2019 | 233 |  |  | $ | 12.66 |
____________________ (1) The aggregate intrinsic value of restricted stock that vested during 2019 was approximately $1.5 million based on the stock price at the time of vesting. Performance Share Units. In February 2017, the Company granted equity-classified awards in the form of performance share units. The vesting for certain performance share units was accelerated in connection with executive terminations and a reduction in force in the first quarter of 2018. All remaining units vested in June 2018 as a result of the accelerated vesting as discussed in Note 19 and were settled in shares of the Company's common stock with one share of common stock being issued per performance share unit. In September 2018, the Company granted an immaterial amount of additional performance share units. The following table presents a summary of the Company's performance share units:
|  | Number of Units |  | Fair Value per Unit at December 31, 2019
|  | (In thousands) |  |
Unvested performance share units outstanding at December 31, 2016 |  | — |  |  |
Granted |  | 199 |  |  |
Vested |  | — |  |  |
Forfeited / Canceled |  | (16) |  |  |
Unvested performance share units outstanding at December 31, 2017 |  | 183 |  |  |
Granted |  | 111 |  |  |
Vested |  | (177) |  |  |
Forfeited / Canceled |  | (6) |  |  |
Unvested performance share units outstanding at December 31, 2018 |  | 111 |  |  |  |
Granted |  | — |  |  |
Vested |  | (19) |  |  |
Forfeited / Canceled |  | — |  |  |
Unvested performance share units outstanding at December 31, 2019 |  | 92 |  |  | $ | 20.41 |
Incentive-Based Compensation Performance Units. In October 2016, the Company granted liability-classified awards in the form of performance units. The vesting for certain performance units was accelerated in connection with executive terminations and a reduction in force in the first quarter of 2018. All remaining units vested in June 2018 as a result of the accelerated vesting as discussed in Note 19 and were paid at the issuance value of $100 each. The value for previous vestings was determined by annual scorecard results. The following table presents a summary of the Company's performance units:
|  | Number of Units |  | Fair Value per Unit at December 31, 2018
|  | (In thousands) |  |
Unvested performance units outstanding at December 31, 2016 |  | 87 |  |  |
Granted |  | — |  |  |
Vested |  | (32) |  |  |
Forfeited / Canceled |  | (6) |  |  |
Unvested performance units outstanding at December 31, 2017 |  | 49 |  |  |
Granted |  | — |  |  |
Vested |  | (48) |  |  |
Forfeited / Canceled |  | (1) |  |  |
Unvested performance units outstanding at December 31, 2018 |  | — |  |  | $ | — |
The following tables summarize the Company's share and incentive-based compensation for the years ended December 31, 2019, 2018, and 2017 (in thousands):
|  | Recurring Compensation Expense(1) |  | Executive Terminations(2) |  | Reduction in Force(2) |  | Accelerated Vesting(3) |  | Total
Year Ended December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Equity-classified awards: |  |  |  |  |  |  |  |  |  |
Restricted stock awards |  | $ | 2,526 |  |  | $ | 197 |  |  | $ | 500 |  |  | $ | — |  |  | $ | 3,223 |
Performance share units |  | 282 |  |  |  | 281 |  |  |  | — |  |  |  | — |  |  |  | 563 |
Stock options |  | 661 |  |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | 673 |
Total share-based compensation expense |  | 3,469 |  |  |  | 490 |  |  |  | 500 |  |  |  | — |  |  |  | 4,459 |
Less: Capitalized compensation expense |  | (204) |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (204) |
Share and incentive-based compensation expense, net |  | $ | 3,265 |  |  |  | $ | 490 |  |  |  | $ | 500 |  |  |  | $ | — |  |  |  | $ | 4,255 |
Year Ended December 31, 2018 |  |  |  |  |  |  |  |  |  |  |
Equity-classified awards: |  |  |  |  |  |  |  |  |  |
Restricted stock awards |  | $ | 4,735 |  |  | $ | 8,140 |  |  | $ | 3,777 |  |  | $ | 5,181 |  |  | $ | 21,833 |
Performance share units |  | 619 |  |  |  | 1,056 |  |  |  | 158 |  |  |  | 610 |  |  |  | 2,443 |
Total share-based compensation expense |  | 5,354 |  |  |  | 9,196 |  |  |  | 3,935 |  |  |  | 5,791 |  |  |  | 24,276 |
Liability-classified awards: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance units |  | 756 |  |  |  | 2,151 |  |  |  | 558 |  |  |  | 1,309 |  |  |  | 4,774 |
Total share and incentive-based compensation expense |  | 6,110 |  |  |  | 11,347 |  |  |  | 4,493 |  |  |  | 7,100 |  |  |  | 29,050 |
Less: Capitalized compensation expense |  | (482) |  |  |  | — |  |  |  | — |  |  |  | (555) |  |  |  | (1,037) |
Share and incentive-based compensation expense, net |  | $ | 5,628 |  |  |  | $ | 11,347 |  |  |  | $ | 4,493 |  |  |  | $ | 6,545 |  |  |  | $ | 28,013 |
Year Ended December 31, 2017 |  |  |  |  |  |  |  |  |  |
Equity-classified awards: |  |  |  |  |  |  |  |  |  |
Restricted stock awards |  | $ | 14,731 |  |  | $ | 1,825 |  |  | $ | — |  |  | $ | — |  |  | $ | 16,556 |
Performance share units |  | 1,356 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,356 |
Total share-based compensation expense |  | 16,087 |  |  |  | 1,825 |  |  |  | — |  |  |  | — |  |  |  | 17,912 |
Liability-classified awards: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance units |  | 2,574 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,574 |
Total share and incentive-based compensation expense |  | 18,661 |  |  |  | 1,825 |  |  |  | — |  |  |  | — |  |  |  | 20,486 |
Less: Capitalized compensation expense |  | (2,521) |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,521) |
Share and incentive-based compensation expense, net |  | $ | 16,140 |  |  |  | $ | 1,825 |  |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | 17,965 |
____________________ (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.

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