Shareholders' Equity

6 Months Ended

Jun. 30, 2019

Shareholders’ Equity

The following tables summarize the components of our shareholders’ equity and the changes therein as of and for the six months ended June 30, 2019 and 2018.



	Common Stock		Paid-in Capital		Retained Earnings			Accumulated Other Comprehensive Income			Total Shareholders’ Equity
Balance as of December 31, 2018	$	151	$	197,630	$	249,492		$	82		$	447,355
Net loss	—		—		(38,697		)	—			(38,697		)
Cumulative effect of change in accounting principle ¹	—		—		(94		)	—			(94		)
All other changes ²	—		381		—			(1		)	380
Balance as of March 31, 2019	$	151	$	198,011	$	210,701		$	81		$	408,944
Net income	—		—		51,625			—			51,625
All other changes ²	—		986		—			(1		)	985
Balance as of June 30, 2019	$	151	$	198,997	$	262,326		$	80		$	461,554

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¹	Attributable to the adoption of ASC Topic 842 as of January 1, 2019 (see Note 9).

² Includes equity-classified share-based compensation of $2.1 million during the six months ended June 30, 2019. During the six months ended June 30, 2019, 26,671 shares of common stock were issued in connection with the vesting of certain time-vested restricted stock units (“RSUs”), net of shares withheld for income taxes.



	Common Stock		Paid-in Capital		Retained Earnings			Accumulated Other Comprehensive Income		Total Shareholders’ Equity
Balance as of December 31, 2017	$	150	$	194,123	$	27,366		$	—	$	221,639
Net income	—		—		10,295			—		10,295
Cumulative effect of change in accounting principle ¹	—		—		(2,659		)	—		(2,659		)
All other changes ²	1		988		—			—		989
Balance as of March 31, 2018	$	151	$	195,111	$	35,002		$	—	$	230,264
Net loss	—		—		(2,521		)	—		(2,521		)
All other changes ²	—		869		—			—		869
Balance as of June 30, 2018	$	151	$	195,980	$	32,481		$	—	$	228,612

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¹	Reflects a write-off for certain accounts receivable attributable to natural gas imbalances accounted for under the entitlements method prior to January 1, 2018, in connection with the adoption of ASC Topic 606, Revenues from Contracts with Customers.

² Includes equity-classified share-based compensation of $2.5 million during the six months ended June 30, 2018. During the six months ended June 30, 2018, 38,115 and 1,495 shares of common stock were issued in connection with the vesting of certain RSUs and performance restricted stock units (“PRSUs”), net of shares withheld for income taxes, respectively.