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Share-based Compensation
6 Months Ended
Jun. 30, 2018
Share-based Compensation.  
Share-based Compensation

Note 7 — Share-based Compensation

We have granted shares of Company common stock and restricted stock to employees, consultants and a non-employee director under the 2017 Omnibus Incentive Plan (the “2017 Plan”) and in connection with the special of meeting of stockholders on July 24, 2017.

Total share-based compensation consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Six months ended

 

 

June 30, 

 

June 30, 

 

    

2018

    

2017

    

2018

    

2017

Share-based compensation:

 

 

  

 

 

  

 

 

  

 

 

  

Equity awards

 

$

(1,724)

 

$

 —

 

$

10,716

 

$

 —

Liability awards

 

 

2,179

 

 

 —

 

 

2,132

 

 

 —

Total share-based compensation

 

 

455

 

 

 —

 

 

12,848

 

 

 —

Capitalized share-based compensation

 

 

(1,438)

 

 

 —

 

 

(1,597)

 

 

 —

Total share-based compensation expense

 

$

(983)

 

$

 —

 

$

11,251

 

$

 —

 

The table below provides a summary of our restricted stock outstanding as of June 30, 2018 and changes during the six months ended June 30, 2018 (in thousands, except per share information):

 

 

 

 

 

 

 

 

    

Shares

    

Weighted Average Grant Date Fair Value Per Share

Non-vested at January 1, 2018

 

 

9,104

 

$

10.15

Granted

 

 

1,369

 

 

7.76

Vested

 

 

(123)

 

 

8.16

Forfeited

 

  

(1,934)

 

  

10.20

Non-vested at June 30, 2018

 

 

8,416

 

$

8.95

 

Certain employee contracts provided for cash bonuses upon a positive final investment decision (“FID”) in the Project (the “FID Bonus”).  In January 2018, the nominating, corporate governance and compensation committee of the board of directors approved, and certain employees party to such contracts accepted, an amendment to such contracts whereby the FID Bonuses would be settled in shares of Company common stock equal to 110% of the FID Bonus.  The associated liability for FID Bonuses to be settled in shares of Company common stock of $0.8 million is included in share-based compensation liability in our Consolidated Balance Sheets at June 30, 2018.