Employee Benefits Plans and Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Schedule of Restricted Stock and Performance Share Units Activity

The following table summarizes RSU activity for the year ended December 31, 2018:

	Restricted Stock Units			Weighted Average Grant Date Fair Value
Unvested RSUs at December 31, 2017		—		$	—
Granted		139,411			33.85
Vested		(53	)		32.86
Forfeited		(654	)		32.86
Unvested RSUs at December 31, 2018		138,704		$	33.85

Schedule of Restricted Stock and Performance Share Units Activity

The following table summarizes PSU activity for the year ended December 31, 2018:

	Performance Share Units			Weighted Average Grant Date Fair Value
Unvested PSUs at December 31, 2017		—		$	—
Granted		232,891			44.47
Vested		—			—
Forfeited		(1,349	)		42.94
Unvested PSUs at December 31, 2018		231,542		$	44.47

Summary of Assumptions Used to Calculate the Grant Date Fair Value of PSUs Granted

The following table summarizes the assumptions used to calculate the grant date fair value of the PSUs granted August 29, 2018 and September 28, 2018:

	August 29, 2018 Grant Date Fair Value Assumptions			September 28, 2018 Grant Date Fair Value Assumptions
Number of simulations		100,000			100,000
Expected term (in years)		2.7			2.6
Expected volatility		50.6	%		47.4	%
Risk-free interest rate		2.7	%		2.9	%
Dividend yield		—	%		—	%

Schedule of Recognized Share Based Compensation Expense, Net

For the year ended December 31, 2018, share-based compensation expense did not have any associated income tax benefit. The Company recognized the following share-based compensation expense, net for the following years (in thousands):

	Year Ended December 31,
	2018			2017			2016
Restricted stock units - Employees	$	560		$	—		$	—
Restricted stock units - Non-employee Directors		402			—			—
Performance share units		1,129			—			—
Talos Energy LLC Series B Units		666			1,795			2,287
New Talos Energy LLC Series B Units		3,752			—			—
Total share-based compensation expense		6,509			1,795			2,287
Less: amounts capitalized to oil and gas properties		(3,616	)		(920	)		(1,204	)
Total share-based compensation expense, net	$	2,893		$	875		$	1,083