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STOCK-BASED COMPENSATION (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2013
Mar. 31, 2013
One-time Employee Termination Benefits
Sep. 30, 2014
Restricted Stock
Sep. 30, 2013
Restricted Stock
Sep. 30, 2014
Restricted Stock
Sep. 30, 2013
Restricted Stock
Sep. 30, 2014
Restricted Stock
Cliff Vest On Third Anniversary of Award Date
Sep. 30, 2014
Restricted Stock
Granted in 2013
Vesting Schedule One-Third On Each Of the First Three Anniversary Dates of the Grant
Sep. 30, 2014
Restricted Stock
Granted in 2014
Vesting Schedule - first anniversary of the date of the grant, [Member]
Sep. 30, 2014
Performance Units
Sep. 30, 2013
Performance Units
Sep. 30, 2014
Performance Units
Sep. 30, 2013
Performance Units
Sep. 30, 2014
Performance Units
Granted in 2013
Cash-settled
Sep. 30, 2014
Phantom Stock Units
Sep. 30, 2013
Phantom Stock Units
Sep. 30, 2014
Phantom Stock Units
Sep. 30, 2013
Phantom Stock Units
Sep. 30, 2014
Phantom Stock Units
Vest Over Four Year Period
First Anniversary of the Grant Date
Sep. 30, 2014
Phantom Stock Units
Vest Over Four Year Period
Second Anniversary of the Grant Date
Sep. 30, 2014
Phantom Stock Units
Vest Over Four Year Period
Third Anniversary of the Grant Date
Sep. 30, 2014
Phantom Stock Units
Vest Over Four Year Period
Fourth Anniversary Of the Grant Date
Sep. 30, 2014
Phantom Stock Units
Granted in 2011
Vesting Schedule One-Third On Each Of the First Three Anniversary Dates of the Grant
Sep. 30, 2014
Phantom Stock Units
Granted in 2012
Vest Over Four Year Period
Sep. 30, 2014
Phantom Stock Units
Granted in 2013
Vesting Schedule One-Third On Each Of the First Three Anniversary Dates of the Grant
Sep. 30, 2014
Phantom Stock Units
Granted in 2013
Cliff Vest On Third Anniversary of Award Date
Sep. 30, 2014
Phantom Stock Units
Granted in 2013
Vest Over Four Year Period
Sep. 30, 2014
Phantom Stock Units
Granted in 2014
Cliff Vest On Third Anniversary of Award Date
Sep. 30, 2014
Employee Stock Purchase Plan
Sep. 30, 2013
Employee Stock Purchase Plan
Sep. 30, 2014
Employee Stock Purchase Plan
Sep. 30, 2013
Employee Stock Purchase Plan
Stock-based compensation                                                                        
Total stock-based compensation costs $ 1,876 [1] $ 3,707 [1],[2] $ 6,255 [1] $ 15,660 [1]   $ 2,000 $ 1,419 $ 1,644 $ 4,595 $ 9,089       $ 631 $ 301 $ 1,231 $ 3,034   $ (174) $ 1,762 $ 429 $ 3,537                     $ 10 $ 0 $ 100 $ 200
Less: stock-based compensation costs capitalized (561) [1] (1,950) [1],[2] (2,364) [1] (6,545) [1]     (491) (877) (1,894) (3,871)       (118) (245) (246) (959)   48 (828) (224) (1,715)                            
Stock-based compensation costs expensed 1,315 [1] 1,757 [1],[2] 3,891 [1] 9,115 [1]   1,000 928 767 2,701 5,218       513 56 985 2,075   (126) 934 205 1,822                            
Unamortized stock-based compensation costs 7,512 [1],[3]   7,512 [1],[3]       4,706 [3]   4,706 [3]         1,811 [3]   1,811 [3]     995 [3]   995 [3]                              
Weighted average amortization period remaining     1 year 1 month 6 days [1]           1 year 1 day             1 year 2 months 12 days         1 year 6 months                              
Stock option activity                                                                        
Options outstanding at beginning of period (in shares)     631,206                                                                  
Granted (in shares)     0                                                                  
Exercised (in shares)     0                                                                  
Cancelled (in shares)     (267,274)                                                                  
Options outstanding at end of period (in shares) 363,932   363,932                                                                  
Stock Options, Weighted Average Exercise Price                                                                        
Options outstanding, beginning of period (in dollars per share)     $ 17.21                                                                  
Granted (in dollars per share)     $ 0.00                                                                  
Exercised (in dollars per share)     $ 0.00                                                                  
Cancelled (in dollars per share)     $ 14.31                                                                  
Options outstanding, end of period (in dollars per share) $ 19.34   $ 19.34                                                                  
Stock Options, Aggregate Intrinsic Value                                                                        
Aggregate intrinsic value for stock options at beginning of the period     0 [4]                                                                  
Aggregate intrinsic value for stock options exercised     0 [4]                                                                  
Aggregate intrinsic value for stock options at end of the period 0 [4]   0 [4]                                                                  
Stock Options, Number of Options Exercisable                                                                        
Options outstanding, exercisable number (in shares) 363,932   363,932   631,206                                                              
Share-based compensation plan activity                                                                        
Unvested at beginning of period (in shares)                 2,790,542       405,702     1,511,140   598,500     1,924,819                              
Awarded (in shares)                 407,202             0         67,000                              
Vested (in shares)                 (929,682)             (63,840)         (345,617)                              
Forfeited (in shares)                 (300,804)             (170,300)         (185,155)                              
Unvested at end of period (in shares)             1,967,258 [5]   1,967,258 [5]     436,056 405,702 1,277,000 [6]   1,277,000 [6]   598,500 1,461,047 [7]   1,461,047 [7]           122,393 270,000 463,654 493,000 45,000 67,000        
Weighted Average Grant Date Fair Value                                                                        
Unvested at beginning of period (in dollars per share)                 $ 10.23             $ 8.48         $ 6.75                              
Awarded (in dollars per share)                 $ 2.22             $ 0.00         $ 3.51                              
Vested (in dollars per share)                 $ 14.58             $ 18.11         $ 7.05                              
Forfeited (in dollars per share)                 $ 10.26             $ 9.33         $ 7.54                              
Unvested at end of period (in dollars per share)             $ 6.52   $ 6.52         $ 7.89   $ 7.89     $ 6.43   $ 6.43                              
Vest Date Fair Value                                                                        
Vested, Vest Date Fair Value                 $ 2,504             $ 0         $ 1,131                              
Vesting rate per anniversary date of grant (as a percent)                       33.33333%                     10.00% 20.00% 30.00% 40.00% 33.33333%   33.33333%              
Award vesting period (in years)                     3 years 3 years                             3 years 4 years 3 years 3 years 4 years 3 years        
Performance period for cash settled and share settled performance units                               36 months                                        
[1] Forest also maintains an employee stock purchase plan (which is not included in the table) under which $.01 million and $.1 million of compensation cost was recognized for the three and nine months ended September 30, 2014, respectively, and $.04 million and $.2 million of compensation cost was recognized for the three and nine months ended September 30, 2013, respectively.
[2] In connection with the divestiture of the South Texas oil and natural gas properties in the first quarter of 2013, Forest incurred $2.0 million ($1.0 million net of capitalized amounts) in stock-based compensation costs due to accelerated vesting of involuntarily terminated employees’ awards. See Note 5 for more information regarding this divestiture.
[3] The unamortized stock-based compensation costs for liability-based awards are based on the closing price of Forest’s common stock at the reporting period end.
[4] The intrinsic value of a stock option is the amount by which the market value of the underlying stock, as of the date outstanding or exercised, exceeds the exercise price of the option.
[5] Of the unvested restricted stock as of September 30, 2014, (i) 436,056 shares, which were granted in 2013, vest in one-third increments on each of the first three anniversary dates of the grant, (ii) 405,702 shares, which were granted in 2014, vest on the first anniversary of the date of the grant, and (iii) all remaining unvested shares of restricted stock cliff vest on the third anniversary of the date of grant.
[6] Of the unvested performance units as of September 30, 2014, 598,500, which were granted in 2013, are cash-based and the remaining unvested performance units are share-based. For both cash- and share-based performance units, the actual settlement amount is dependent upon Forest’s relative total shareholder return in comparison to a specified peer group over a thirty-six month performance period. The cash-based performance units are accounted for as a liability within the Condensed Consolidated Financial Statements.
[7] All of the unvested phantom stock units as of September 30, 2014 must be settled in cash. The phantom stock units have been accounted for as a liability within the Condensed Consolidated Financial Statements. All of the phantom stock units that vested during the nine months ended September 30, 2014 were settled in cash. Of the unvested phantom stock units as of September 30, 2014, (i) 122,393 were granted in 2011 and 463,654 were granted in 2013 and vest in one-third increments on each of the first three anniversaries of the grant date, (ii) 493,000 were granted in 2013 and 67,000 were granted in 2014 and cliff vest on the third anniversary of the grant date, and (iii) 270,000 were granted in 2012 and 45,000 were granted in 2013 and vest over a four-year period in accordance with the following schedule: (a) 10% on the first anniversary of the grant date; (b) 20% on the second anniversary of the grant date; (c) 30% on the third anniversary of the grant date; and (d) 40% on the fourth anniversary of the grant date.