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Stock-Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2013
Allocation of Stock-Based Compensation by Functional Category

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2013

 

 

2012

 

 

2013

 

 

2012

 

Operating expense

$

  696

 

 

$

  692

 

 

$

  1,357

 

 

$

  1,049

 

Brokered natural gas and marketing expense

 

  530

 

 

 

  408

 

 

 

  779

 

 

 

  861

 

Exploration expense

 

  960

 

 

 

  994

 

 

 

  2,030

 

 

 

  1,922

 

General and administrative expense

 

  13,263

 

 

 

  12,540

 

 

 

  23,569

 

 

 

  20,698

 

              Total

$

  15,449

 

 

$

  14,634

 

 

$

  27,735

 

 

$

  24,530

 

 

Stock Option and SARs Activities

 

 

Shares

 

 

Weighted
Average
Exercise Price

 

Outstanding at December 31, 2012

  3,433,362

 

 

$

  52.52

 

Granted

  470,617

 

 

 

  75.31

 

Exercised

(1,115,480

)

 

 

  54.01

 

Expired/forfeited

(42,411

)

 

 

  53.81

 

Outstanding at June 30, 2013

  2,746,088

 

 

$

  55.83

 

 

Weighted Average Grant Date Fair Value of SARs

 

 

Six Months
Ended

June 30,
2013

 

Weighted average exercise price per share

$

  75.31

  

Expected annual dividends per share

 

  0.21

%

Expected life in years

 

  3.7

 

Expected volatility

 

  35

%

Risk-free interest rate

 

  0.6

%

Weighted average grant date fair value per share

$

  20.19

  

 

Restricted Stock and Restricted Stock Units Outstanding

A summary of the status of our non-vested restricted stock outstanding at June 30, 2013 is summarized below:

 

 

Equity Awards

 

 

Liability Awards

 

 

Shares

 

 

Weighted
Average Grant
Date Fair Value

 

 

Shares

 

 

Weighted
Average Grant
Date Fair Value

 

Outstanding at December 31, 2012

 

  349,156

 

 

$

  59.08

 

  

 

  423,478

 

 

$

  58.91

 

Granted

 

  388,653

 

 

 

  71.05

 

  

 

  424,431

 

 

 

  75.53

 

Vested

 

(153,439

)

 

 

  61.97

 

  

 

(180,503

)

 

 

  60.57

 

Forfeited

 

(27,914

)

 

 

  65.02

 

  

 

(21,620

)

 

 

  57.21

 

Outstanding at June 30, 2013

 

  556,456

 

 

$

  66.35

 

  

 

  645,786

 

 

$

  69.43