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Stock Compensation (Tables)
 12 Months Ended
Dec. 31, 2018
Stock Compensation [Line Items]  
Schedule of stock-based compensation costs
Stock-based compensation costs for the years ended December 31, 2018, 2017 and 2016, are as follows:
 
 
Year Ended December 31,
In thousands
 
2018
 
2017
 
2016
Stock-based compensation expensed
 
 
 
 
 
 
General and administrative expenses
 
$
11,951

 
$
15,154

 
$
14,359

Lease operating expenses
 
—

 
—

 
636

Total stock-based compensation expensed
 
11,951

 
15,154

 
14,995

Stock-based compensation capitalized
 
3,487

 
4,567

 
6,047

Total cost of stock-based compensation arrangements
 
$
15,438

 
$
19,721

 
$
21,042

 
 
 
 
 
 
 
Income tax benefit recognized for stock-based compensation arrangements
 
$
2,988

 
$
5,759

 
$
5,698
Summary of SARs activity
The following is a summary of our SAR activity:
 
 
Number
of Awards
 
Weighted
Average
Exercise Price
 
Weighted Average Remaining Contractual Life
(in years)
 
Aggregate Intrinsic Value
(in thousands)
Outstanding at December 31, 2017
 
3,666,025

 
$
13.07

 
 
 
 
Granted
 
—

 
—

 
 
 
 
Exercised
 
—

 
—

 
 
 
 
Forfeited
 
—

 
—

 
 
 
 
Expired
 
(1,165,140
)
 
18.78

 
 
 
 
Outstanding at December 31, 2018
 
2,500,885

 
10.41

 
2.2
 
$
—

 
 
 
 
 
 
 
 
 
Exercisable at end of period
 
2,497,612

 
$
10.41

 
2.2
 
$
—
Disclosure of intrinsic value of stock options exercised and grant-date fair value of awards vested
The following is a summary of the total intrinsic value of SARs exercised and grant-date fair value of SARs vested:
 
 
Year Ended December 31,
In thousands
 
2018
 
2017
 
2016
Intrinsic value of SARs exercised
 
$
—

 
$
—

 
$
—

Grant-date fair value of SARs vested
 
1,095

 
1,818

 
4,787
Restricted Stock [Member]  
Stock Compensation [Line Items]  
Summary of the total vesting date fair value of non-performance-based restricted stock and performance-based equity awards
The following is a summary of the total vesting date fair value of non-performance-based restricted stock:
 
 
Year Ended December 31,
In thousands
 
2018
 
2017
 
2016
Fair value of restricted stock vested
 
$
23,060

 
$
9,325

 
$
6,161
Summary of non-performance-based restricted stock activity
A summary of the status of our nonvested non-performance-based restricted stock grants issued, and the changes during the year ended December 31, 2018, is presented below:
 
 
Number
of Shares
 
Weighted
Average
Grant-Date
Fair Value
Nonvested at December 31, 2017
 
9,748,683

 
$
2.51

Granted
 
4,651,571

 
4.62

Vested
 
(5,055,129
)
 
2.81

Forfeited
 
(354,547
)
 
3.43

Nonvested at December 31, 2018
 
8,990,578

 
3.40
Performance-based equity awards [Member]  
Stock Compensation [Line Items]  
Summary of the total vesting date fair value of non-performance-based restricted stock and performance-based equity awards
The following is a summary of the total vesting date fair value of performance-based equity awards:
 
 
Year Ended December 31,
In thousands
 
2018
 
2017
 
2016
Vesting date fair value of Performance-Based Operational Awards
 
$
595

 
$
1,079

 
$
—

Vesting date fair value of Performance-Based TSR Awards
 
542

 
227

 
81
Schedule of nonvested performance-based Units Activity
A summary of the status of the nonvested performance-based equity awards (presented at the target level) during the year ended December 31, 2018, is as follows:
 
 
Performance-Based
Operational Awards
 
Performance-Based
TSR Awards
 
 
Number
of Awards
 
Weighted
Average
Grant-Date Fair Value
 
Number
of Awards
 
Weighted
Average
Grant-Date Fair Value
Nonvested at December 31, 2017
 
554,218

 
$
5.47

 
2,497,417

 
$
3.76

Granted(1)
 
857,812

 
2.43

 
1,705,342

 
2.29

Vested(2)
 
(554,218
)
 
5.47

 
(396,643
)
 
7.55

Forfeited
 
—

 
—

 
—

 
—

Nonvested at December 31, 2018
 
857,812

 
2.43

 
3,806,116

 
2.71


(1)
Amounts granted reflect the number of performance units granted. The actual payout of the shares may be between 0% and 200%, with any amounts earned above the 100% target levels payable in cash, rather than in shares of Denbury stock, in order to conserve available shares under the Plan.
(2)
During 2018, the service period lapsed on these performance unit awards. The lapsed units earned a weighted average of 75% and 53% of target for each vested Operational and TSR performance-based award, respectively, representing 415,045 aggregate shares of common stock issued.
Performance-Based TSR Awards [Member]  
Stock Compensation [Line Items]  
Summary of Performance-Based TSR Awards Valuation Assumptions
The range of assumptions used in the Monte Carlo simulation valuation approach for Performance-Based TSR Awards (presented at the target level) are as follows:
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
Weighted average fair value of Performance-Based TSR Awards granted
 
$
2.29

 
$
3.42

 
$
1.78

Risk-free interest rate
 
2.37
%
 
1.49
%
 
1.31
%
Expected life
 
3.0 years

 
3.0 years

 
3.0 years

Expected volatility
 
102.9
%
 
94.7
%
 
57.2
%
Dividend yield
 
—
%
 
—
%
 
—
%