Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.19.2
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement [Abstract]  
Key assumptions used in valuing market-based awards The key assumptions used in valuing these market-based awards were as follows:
2019
Risk-free interest rate 2.57  %
Dividend yield —  %
Expected volatility 85.00  %
Company's closing stock price on grant date $ 2.71 
Stock-based compensation expense activity
The following table reflects the outstanding RSAs and activity related thereto for the six months ended June 30, 2019:

Service-based Awards Service and Performance-based Awards Service and Market-based Awards Service, Performance, and Market-based Awards
Number of Shares Weighted-average Grant Date Fair Value Number of Shares Weighted-average Grant Date Fair Value Number of Shares Weighted-average Grant Date Fair Value Number of Shares Weighted-average Grant Date Fair Value
Outstanding at December 31, 2018 632,759  $ 2.72  1,018,500  $ 2.70  1,176,600  $ 1.67  —  $ — 
Shares granted 847,200  2.71  —  —  1,254,000  1.82  1,068,000  0.98 
Shares forfeited (4,802) 3.07  (4,000) 2.70  (398,033) 1.67  —  — 
Shares vested (504,421) 2.90  (339,500) 2.70  (164,206) 1.67  —  — 
Outstanding at June 30, 2019 970,736  $ 2.62  675,000  $ 2.70  1,868,361  $ 1.77  1,068,000  $ 0.98 
Stock-based compensation expense
The following has been recorded to stock-based compensation expense for the periods presented:

Three Months Ended June 30, Six Months Ended June 30,
(In thousands) 2019 2018 2019 2018
Restricted stock award compensation $ 1,749  $ 1,400  $ 4,584  $ 687 
Less amounts capitalized in oil and natural gas properties (106) (76) (190) (107)
Total stock-based compensation, net $ 1,643  $ 1,324  $ 4,394  $ 580