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Share-based Compensation
12 Months Ended
Dec. 31, 2018
Share-based Compensation.  
Share-based Compensation

Note 10 — Share-based Compensation

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

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

 

 

 

 

 

 

 

 

 

Year ended

 

 

December 31, 

 

    

2018

    

2017

Share-based compensation:

 

 

  

 

 

  

Equity awards

 

$

19,032

 

$

19,754

Liability awards

 

 

(2,400)

 

 

4,402

Total share-based compensation

 

 

16,632

 

 

24,156

Capitalized share-based compensation

 

 

208

 

 

(1,463)

Total share-based compensation expense

 

$

16,840

 

$

22,693

 

Certain employee contracts provided for cash bonuses upon a positive 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 $0.4  million and $1.0  million is included in share-based compensation liability and non-current compensation liabilities in our Consolidated Balance Sheets at December 31, 2018 and 2017 respectively.

The total unrecognized compensation costs at December 31, 2018 relating to equity-classified awards and liability-classified awards were $23.3 million and $1.1 million, respectively, which are expected to be recognized over a weighted average period of 0.8 years.

Restricted stock awards are awards of Company common stock that are subject to restrictions on transfer and to a risk of forfeiture if the recipient’s employment with the Company is terminated prior to the lapse of the restrictions.  Restricted stock awards vest based on service conditions and/or performance conditions.  The amortization of the value of restricted stock grants is accounted for as a charge to compensation expense, or capitalized, depending on the nature of the services provided by the employee, with a corresponding increase to additional-paid-in-capital over the requisite service period.

Grants of restricted stock to employees and non-employee directors that vest based on service and/or performance conditions are measured at the closing quoted market price of our common stock on the grant date.  For restricted stock awards granted to non-employees that vest based on service and/or performance conditions, we record compensation cost equal to the fair value of the award at the measurement date, which is determined to be the earlier of the performance commitment date or the service completion date.  In addition, compensation cost for unvested restricted stock awards to non-employees is adjusted quarterly for any changes in our stock price.

The table below provides a summary of our restricted stock outstanding as of December 31, 2018 and changes during the year ended December 31, 2018 (in thousands, except for per share information):

 

 

 

 

 

 

 

 

    

Shares

    

Weighted Average Grant Date Fair Value Per Share

Non-vested at January 1, 2018

 

 

9,104

 

$

10.15

Granted

 

 

1,868

 

 

7.29

Vested

 

 

(173)

 

 

7.76

Forfeited

 

  

(3,668)

 

  

10.17

Non-vested at December 31, 2018

 

 

7,131

 

$

9.44