STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2014

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 three months ended March 31, 2014 and 2013.


	Three Months Ended March 31,
	2014		2013
	(Thousands of dollars)
Stock-based compensation expense
Time-based restricted stock units	$	127	$	109
Performance-based restricted stock units		561		291

Total stock-based compensation expense	$	688	$	400

During the quarter ended March 31, 2014, we awarded 20,364 time-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.

+ References+ Details