RESTRUCTURING COSTS |
6 Months Ended |
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Jun. 30, 2024 | |
Restructuring and Related Activities [Abstract] | |
RESTRUCTURING COSTS |
RESTRUCTURING COSTS During the three and six months ended June 30, 2023, Gulfport recognized $2.9 million and $4.8 million, respectively, in personnel-related restructuring expenses associated with changes in the organizational structure and leadership team resulting from the appointment of Gulfport's new CEO in January 2023. Of these expenses, $0.8 million and $1.3 million, for the three and six months ended June 30, 2023, respectively, resulted from accelerated vesting of certain share-based grants, which are non-cash charges. As of June 30, 2023, there were no remaining employee termination liabilities for the impacted employees.
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- References No definition available.
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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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