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Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-based Compensation Expense [Table Text Block]

In 2018, QEP's Board of Directors and QEP's shareholders approved the QEP Resources, Inc. 2018 Long-Term Incentive Plan (LTIP), which replaces the 2010 Long-Term Stock Incentive Plan (LTSIP) and provides for the issuance of up to 10.0 million shares such that the Board of Directors may grant long-term incentive compensation. QEP issues stock options, restricted share awards, and restricted share units under its LTIP and awards performance share units under its Cash Incentive Plan (CIP) to certain officers, employees and non-employee directors. Grants issued prior to May 15, 2018 are under the LTSIP and the grants issued on or after May 15, 2018 are under the LTIP. QEP recognizes the expense over the vesting periods for the stock options, restricted share awards, restricted share units and performance share units. There were 10.0 million shares available for future grants under the LTIP at June 30, 2018.

Share-based compensation expense is recognized within "General and administrative" expense on the Condensed Consolidated Statements of Operations and is summarized in the table below. During the three and six months ended June 30, 2018, the Company recorded an additional $1.2 million and $4.0 million, respectively, of share-based compensation expense related to the acceleration of vesting that occurred as part of the restructuring program and included in share-based compensation expense below (refer to Note 8 – Restructuring for additional information):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2018
 
2017
 
2018
 
2017
 
(in millions)
Stock options
$
0.2

 
$
0.6

 
$
0.7

 
$
1.2

Restricted share awards
6.8

 
6.0

 
15.6

 
13.3

Performance share units
5.1

 
(4.9
)
 
7.0

 
(6.8
)
Restricted share units
0.1

 
—

 
0.1

 
—

Total share-based compensation expense
$
12.2

 
$
1.7

 
$
23.4

 
$
7.7
Share-based Compensation, Stock Options, Activity [Table Text Block]

Stock option transactions under the terms of the LTSIP are summarized below:
 
Options Outstanding
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term
 
Aggregate Intrinsic Value
 
 
 
(per share)
 
(in years)
 
(in millions)
Outstanding at December 31, 2017
2,354,277

 
$
23.62

 
 
 
 
Exercised
(23,337
)
 
10.12

 
 
 
 
Canceled
(202,235
)
 
39.07

 
 
 
 
Outstanding at June 30, 2018
2,128,705

 
$
22.30

 
3.32
 
$
1.0

Options Exercisable at June 30, 2018
1,734,134

 
$
24.07

 
2.87
 
$
0.6

Unvested Options at June 30, 2018
394,571

 
$
14.51

 
5.31
 
$
0.3
Schedule of Share-based Compensation, Restricted Share Awards Activity [Table Text Block]

Transactions involving restricted share awards under the terms of the LTSIP and LTIP are summarized below:
 
Restricted Share Awards Outstanding
 
Weighted-Average Grant Date Fair Value
 
 
 
(per share)
Unvested balance at December 31, 2017
3,721,334

 
$
13.23

Granted
2,933,607

 
9.55

Vested
(1,743,969
)
 
14.12

Forfeited
(127,920
)
 
11.19

Unvested balance at June 30, 2018
4,783,052

 
$
10.71

Transactions involving restricted share units under the terms of the LTSIP are summarized below:
 
Restricted Share Units Outstanding
 
Weighted-Average Grant Date Fair Value
 
 
 
(per share)
Unvested balance at December 31, 2017
21,946

 
$
13.22

Granted
31,835

 
9.55

Vested
(9,320
)
 
12.56

Unvested balance at June 30, 2018
44,461

 
$
10.73
Schedule of Other Share-based Compensation, PSUs & RSUs [Table Text Block]

Transactions involving performance share units under the terms of the CIP are summarized below:
 
Performance Share Units Outstanding
 
Weighted-Average Grant Date Fair Value
 
 
 
(per share)
Unvested balance at December 31, 2017
1,199,336

 
$
14.59

Granted
724,095

 
9.55

Vested
(277,604
)
 
19.73

Unvested balance at June 30, 2018
1,645,827

 
$
11.47