STOCK-BASED COMPENSATION

6 Months Ended

Jun. 30, 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 six months and quarters ended June 30, 2014 and 2013.


	Quarter Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
	(Thousands of dollars)
Stock-based compensation expense:
Time-based restricted units	$	322	$	113	$	450	$	222
Performance-based restricted units		720		486		1,281		777

Total stock-based compensation expense	$	1,042	$	599	$	1,731	$	999

During the quarter ended June 30, 2014, 116,303 time-based restricted units and 115,806 performance-based restricted units were awarded to managerial employees.

During the six months ended June 30, 2014, 136,667 time-based restricted units and 115,806 performance-based restricted units were awarded to managerial employees.

During the quarter and six months ended June 30, 2013, 1,218 time-based restricted units and 124,047 performance-based restricted units were awarded 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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