SHARE-BASED AWARDS AND CASH BASED AWARDS (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
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| Notes Tables |
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| Schedule of Unvested Restricted Stock Units Roll Forward [Table Text Block] |
A summary of activity related to RSUs during the six months ended June 30, 2022 is as follows:
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Weighted |
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Average |
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Restricted |
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Grant Date Fair |
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|
Stock Units |
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Value Per Unit |
Nonvested, beginning of period |
|
698,465 |
|
$ |
4.71 |
Granted(1) |
|
955,296 |
|
|
6.28 |
Vested |
|
(379,262) |
|
|
5.21 |
Forfeited |
|
(56,660) |
|
|
5.01 |
Nonvested, end of period |
|
1,217,839 |
|
|
5.77 |
|
(1) |
During May and June 2022, approximately 22,000 outstanding RSUs awarded in 2021 to two individuals retiring from their employment with the Company were modified to fully vest upon their retirement, which occurred during May and June 2022, respectively. The remaining unrecognized grant date fair value of the original RSUs was recognized over the requisite period. The incremental cost due to the modification was not materially different from the grant date fair value.
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| Schedule of Nonvested Performance-based Units Activity [Table Text Block] |
A summary of activity related to PSUs during the six months ended June 30, 2022 is as follows:
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Weighted |
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|
|
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Average |
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|
Performance |
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Grant Date Fair |
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|
Share Units |
|
Value Per Unit |
Nonvested, beginning of period |
|
196,918 |
|
$ |
5.55 |
Granted (1) |
|
1,350,543 |
|
|
10.34 |
Vested |
|
(13,648) |
|
|
5.57 |
Forfeited |
|
(46,410) |
|
|
8.39 |
Nonvested, end of period |
|
1,487,403 |
|
|
9.81 |
|
(1) |
During May and June 2022, approximately 10,000 outstanding PSUs awarded in 2021 to two individuals retiring from their employment with the Company were modified to fully vest upon their retirement, which occurred during May and June 2022, respectively. The remaining unrecognized grant date fair value of the original RSUs was recognized over the requisite period. The incremental cost due to the modification was not materially different from the grant date fair value.
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| Share-based Payment Arrangement, Nonemployee Director Award Plan, Activity [Table Text Block] |
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Weighted |
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Average |
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|
|
|
Grant Date |
|
|
Restricted |
|
Fair Value |
|
|
Shares |
|
Per Share |
Nonvested, beginning of period |
|
70,226 |
|
$ |
3.65 |
Granted |
|
42,426 |
|
|
4.95 |
Vested |
|
(70,226) |
|
|
3.65 |
Nonvested, end of period |
|
42,426 |
|
$ |
4.95 |
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| Share-based Payment Arrangement, Cost by Plan [Table Text Block] |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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|
2022 |
|
2021 |
|
2022 |
|
2021 |
Restricted stock units |
|
$ |
1,360 |
|
$ |
339 |
|
$ |
1,610 |
|
$ |
676 |
Performance share units |
|
|
598 |
|
|
— |
|
|
803 |
|
|
— |
Restricted Shares |
|
|
56 |
|
|
128 |
|
|
121 |
|
|
245 |
Total |
|
$ |
2,014 |
|
$ |
467 |
|
$ |
2,534 |
|
$ |
921 |
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| Schedule of Incentive Compensation Expense [Table Text Block] |
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Three Months Ended June 30, |
|
Six Months Ended June 30, |
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2022 |
|
2021 |
|
2022 |
|
2021 |
Share-based compensation included in: |
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|
|
|
|
|
|
|
|
|
|
General and administrative expenses |
|
$ |
2,014 |
|
$ |
467 |
|
$ |
2,534 |
|
$ |
921 |
Cash-based incentive compensation included in: |
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|
|
|
|
|
|
|
|
|
|
|
Lease operating expense (1) |
|
|
206 |
|
|
816 |
|
|
462 |
|
|
1,655 |
General and administrative expenses (1) |
|
|
646 |
|
|
2,676 |
|
|
2,603 |
|
|
5,359 |
Total charged to operating (loss) income |
|
$ |
2,866 |
|
$ |
3,959 |
|
$ |
5,599 |
|
$ |
7,935 |
|
(1) |
Includes adjustments of accruals to actual payments. |
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| Performance Share Units [Member] |
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| Notes Tables |
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| Schedule of Share-based Payment Award, Equity Instrument Other Than Options, Valuation Assumptions [Table Text Block] |
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|
May 26, 2022 |
Expected term for performance period (in years) |
|
|
2.6 |
|
Expected volatility |
|
|
84.4 |
% |
Risk-free interest rate |
|
|
2.5 |
% |
Fair value (in thousands) |
|
$ |
13,697 |
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