Share-based Compensation

6 Months Ended

Jun. 30, 2019

Note 9 — Share-based Compensation

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

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


	Three months ended				Six months ended
	June 30,				June 30,
	2019		2018		2019		2018
Share-based compensation:
Equity awards	$	(12,972)	$	(1,724)	$	(7,088)	$	10,716
Liability awards		(20)		2,179		(20)		2,132
Total share-based compensation		(12,992)		455		(7,108)		12,848
Capitalized share-based compensation		(163)		(1,438)		(709)		(1,597)
Total share-based compensation expense	$	(13,155)	$	(983)	$	(7,817)	$	11,251

On January 1, 2019, we adopted Accounting Standards Update (“ASU”) 2018-07, Compensation-Stock Compensation (“ASU 2018-07”). This standard simplifies aspects of share-based compensation issued to non-employees by making the guidance consistent with accounting for employee share-based compensation. Upon adoption of this standard, we reclassified $2.1 million from Share-based compensation liability to Additional paid-in-capital in our Consolidated Balance Sheets.

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 $0.2 million and $0.4 million is included in Share-based compensation liability in our Consolidated Balance Sheets at June 30, 2019 and December 31, 2018, respectively.