Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation

v3.8.0.1
Stock-Based Compensation
3 Months Ended
Mar. 31, 2018
Share-based Compensation [Abstract]  
Stock-Based Compensation
STOCK-BASED COMPENSATION
During the three months ended March 31, 2018 and 2017, the Company’s stock-based compensation cost was $2.7 million and $2.6 million, respectively, of which the Company capitalized $1.1 million and $1.0 million, respectively, relating to its exploration and development efforts.
The following table summarizes restricted stock activity for the three months ended March 31, 2018:
 
 
Number of
Unvested
Restricted Shares
 
Weighted
Average
Grant Date
Fair Value
Unvested shares as of January 1, 2018
976,027

 
$
18.71

Granted
140,041

 
8.77

Vested
(109,933
)
 
21.42

Forfeited
(5,937
)
 
17.34

Unvested shares as of March 31, 2018
1,000,198

 
$
17.03


Unrecognized compensation expense as of March 31, 2018 related to restricted shares was $12.9 million. The expense is expected to be recognized over a weighted average period of 1.53 years.