Office Closing and Termination Costs

3 Months Ended

Mar. 31, 2016

Restructuring And Related Activities [Abstract]

Office Closing and Termination Costs

(16) OFFICE CLOSING AND TERMINATION COSTS

In first quarter 2015, we announced the closing of our Oklahoma City administrative and operational office to reduce our general and administrative expenses, due in part to the impact of lower commodity prices on our operations. In fourth quarter 2014, we initially accrued an estimated $8.4 million of termination costs relating to the closure of this office as it was probable of occurring. In early 2015, those plans and personnel involved were finalized which resulted in additional accruals in 2015 for severance and other personnel costs of $275,000, additional accelerated vesting of stock-based compensation of $608,000 and $3.2 million of building lease costs. The following summarizes our termination costs for the three months ended March 31, 2016 and 2015 (in thousands):

	Three Months Ended March 31,
		2016		2015
Termination costs	$	–	$	1,431
Building lease		162		3,232
Stock-based compensation		–		1,287
	$	162	$	5,950

The following details our accrued liability as of March 31, 2016 (in thousands):

		March 31, 2016
Beginning balance	$	11,630
Accrued building rent		162
Payments		(5,405	)
Ending balance	$	6,387