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Stock Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Stock Compensation  
Schedule of stock-based compensation costs
Stock-based compensation costs for the years ended December 31, 2019, 2018 and 2017, are as follows:
 
 
Year Ended December 31,
In thousands
 
2019
 
2018
 
2017
Stock-based compensation expense included in G&A
 
$
12,470

 
$
11,951

 
$
15,154

Stock-based compensation capitalized
 
4,018

 
3,487

 
4,567

Total cost of stock-based compensation arrangements
 
$
16,488

 
$
15,438

 
$
19,721

 
 
 
 
 
 
 
Income tax benefit recognized for stock-based compensation arrangements
 
$
3,118

 
$
2,988

 
$
5,759
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, 2018
 
2,500,885

 
$
10.41

 
 
 
 
Granted
 
—

 
—

 
 
 
 
Exercised
 
—

 
—

 
 
 
 
Forfeited
 
—

 
—

 
 
 
 
Expired
 
(519,729
)
 
15.29

 
 
 
 
Outstanding at December 31, 2019
 
1,981,156

 
9.12

 
1.5
 
$
—

 
 
 
 
 
 
 
 
 
Exercisable at end of period
 
1,981,156

 
$
9.12

 
1.5
 
$
—
Disclosure of intrinsic value of SARs 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
 
2019
 
2018
 
2017
Intrinsic value of SARs exercised
 
$
—

 
$
—

 
$
—

Grant-date fair value of SARs vested
 
—

 
1,095

 
1,818
Restricted Stock  
Stock Compensation  
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
 
2019
 
2018
 
2017
Fair value of restricted stock vested
 
$
5,743

 
$
23,060

 
$
9,325
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, 2019, is presented below:
 
 
Number
of Shares
 
Weighted
Average
Grant-Date
Fair Value
Nonvested at December 31, 2018
 
8,990,578

 
$
3.40

Granted
 
9,630,155

 
1.15

Vested
 
(4,612,265
)
 
3.20

Forfeited
 
(1,601,032
)
 
2.05

Nonvested at December 31, 2019
 
12,407,436

 
1.91
Performance-based equity awards  
Stock Compensation  
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
 
2019
 
2018
 
2017
Vesting date fair value of Performance-Based Operational Awards
 
$
—

 
$
595

 
$
1,079

Vesting date fair value of Performance-Based TSR Awards
 
2,783

 
542

 
227
Schedule of nonvested performance-based awards activity
A summary of the status of the nonvested performance-based equity awards (presented at the target level) during the year ended December 31, 2019, 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, 2018
 
857,812

 
$
2.43

 
3,806,116

 
$
2.71

Granted(1)
 
980,772

 
2.13

 
2,027,660

 
1.95

Vested(2)
 
—

 
—

 
(1,357,778
)
 
1.78

Forfeited
 
—

 
—

 
—

 
—

Nonvested at December 31, 2019
 
1,838,584

 
2.27

 
4,475,998

 
2.65


(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 2019, the service period lapsed on these TSR performance unit awards. The lapsed units earned a weighted average of 100% of target for each vested TSR performance-based award, representing 1,357,778 aggregate shares of common stock issued. There were no vestings related to Operational performance-based awards during 2019.
Performance-Based TSR Awards  
Stock Compensation  
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,
 
 
2019
 
2018
 
2017
Weighted average fair value of Performance-Based TSR Awards granted
 
$
1.95

 
$
2.29

 
$
3.42

Risk-free interest rate
 
2.27
%
 
2.37
%
 
1.49
%
Expected life
 
3.0 years

 
3.0 years

 
3.0 years

Expected volatility
 
77.2
%
 
102.9
%
 
94.7
%
Dividend yield
 
—
%
 
—
%
 
—
%