STOCK-BASED COMPENSATION

9 Months Ended

Sep. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

7. STOCK-BASED COMPENSATION

We recognize the cost of employee compensation received in the form of equity instruments based on the grant date fair value of those awards. The table below sets forth the total amount of stock-based compensation expense for the nine months and quarters ended September 30, 2013 and 2012.


	Quarter Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
	(Thousands of dollars)
Stock-based compensation expense:
Time-based restricted stock units	$	120	$	1,560	$	342	$	3,024
Performance-based restricted stock units		558		112		1,335		112

Total stock-based compensation expense	$	678	$	1,672	$	1,677	$	3,136

During the quarter ended September 30, 2013, we awarded 3,857 time-based restricted stock units and 935 performance-based restricted stock units to managerial employees.

During the nine months ended September 30, 2013, we awarded 5,075 time-based restricted stock units and 124,982 performance-based restricted stock units to managerial employees.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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