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Employee Incentive Plan (Tables)
6 Months Ended
Jun. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Amounts recognized in the condensed consolidated financial statements with respect to these plans are as follows (in thousands):
 
 
Three Months Ended  
 June 30,
 
Six Months Ended 
 June 30,
 
2013
 
2012
 
2013
 
2012
Cost of share-based compensation charged to general and administrative
expense
$
2,610

 
$
2,233

 
$
7,157

 
$
4,473

Cost of share-based compensation charged to operating expense
421

 
316

 
980

 
640

Total amount charged to income
$
3,031

 
$
2,549

 
$
8,137

 
$
5,113

Interest of non-controlling partners in share-based compensation
$
1,166


$
1,722


$
3,152


$
2,716

Amount of related income tax benefit recognized in income
$
690


$
306


$
1,848


$
887

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
A summary of the restricted incentive unit activity for the six months ended June 30, 2013 is provided below:
 
 
 
Six Months Ended June 30, 2013
Crosstex Energy, L.P. Restricted Incentive Units:
 
Number of
Units
 
Weighted
Average
Grant-Date
 Fair Value
Non-vested, beginning of period
 
1,003,159

 
$
13.31

Granted
 
580,785

 
15.83

Vested*
 
(277,404
)
 
9.00

Forfeited
 
(36,758
)
 
12.43

Non-vested, end of period
 
1,269,782

 
$
15.43

Aggregate intrinsic value, end of period (in thousands)
 
$
26,183

 
 

_____________________________________________
* Vested units include 81,321 units withheld for payroll taxes paid on behalf of employees.
Scheduleof Share Based Compensation Restricted Stock and Restricted Stock Units Vested and Fair Value Vested Table
A summary of the restricted incentive units’ aggregate intrinsic value (market value at vesting date) and fair value of units vested during the three and six months ended June 30, 2013 and 2012 are provided below (in thousands):
 
 
 
Three Months Ended  
 June 30,
 
Six Months Ended 
 June 30,
Crosstex Energy, L.P. Restricted Incentive Units:
 
2013
 
2012
 
2013
 
2012
Aggregate intrinsic value of units vested
 
$
279

 
$
280

 
$
4,293

 
$
3,806

Fair value of units vested
 
$
222

 
$
281

 
$
2,496

 
$
1,608

Schedule of Share-based Compensation, Stock Options, Activity
A summary of the unit option activity for the six months ended June 30, 2013 is provided below:
 
 
 
Six Months Ended June 30, 2013
Crosstex Energy, L.P. Unit Options:
 
Number of Units
 
Weighted
Average
Exercise 
Price
Outstanding, beginning of period
 
349,018

 
$
7.25

Exercised
 
(109,438
)
 
5.68

Forfeited
 
(2,681
)
 
26.75

Outstanding, end of period
 
236,899

 
$
7.76

Options exercisable at end of period
 
236,899

 
 

Weighted average contractual term (years) end of period:
 


 
 

Options outstanding
 
5.8

 
 

Options exercisable
 
5.8

 
 

Aggregate intrinsic value end of period (in thousands):
 


 
 

Options outstanding
 
$
3,312

 
 

Options exercisable
 
$
3,312

 
 

Scheduleof Share Based Compensation Unit Options Vested and Fair Value Vested Table
A summary of the unit options intrinsic value exercised (market value in excess of exercise price at date of exercise) and fair value of units exercised (value per Black-Scholes-Merton option pricing model at date of grant) during the three and six months ended June 30, 2013 and 2012 are provided below (in thousands):
 
 
 
Three Months Ended  
 June 30,
 
Six Months Ended 
 June 30,
Crosstex Energy, L.P. Unit Options:
 
2013
 
2012
 
2013
 
2012
Intrinsic value of unit options exercised
 
$
546

 
$
67

 
$
1,361

 
$
478

Fair value of unit options vested
 
$

 
$

 
$
254

 
$
277

Schedule Of Shared Based Compensation Restricted Stock And Restricted Stock Units Activity Table
A summary of the restricted share activities for the six months ended June 30, 2013 is provided below:
 
 
 
Six Months Ended 
 June 30, 2013
Crosstex Energy, Inc. Restricted Shares:
 
Number of
Shares
 
Weighted
Average
Grant-Date
Fair Value
Non-vested, beginning of period
 
1,329,162

 
$
9.75

Granted
 
587,571

 
14.69

Vested*
 
(281,145
)
 
7.77

Forfeited
 
(43,692
)
 
11.43

Non-vested, end of period
 
1,591,896

 
$
11.87

Aggregate intrinsic value, end of period (in thousands)
 
$
31,456

 
 

__________________________________________________
* Vested shares include 79,723 shares withheld for payroll taxes paid on behalf of employees.
Schedule Of Share Based Compensation Restricted Stock And Restricted Units Vested And Fair Value Vested
A summary of the restricted shares’ aggregate intrinsic value (market value at vesting date) and fair value of shares vested during the three and six months ended June 30, 2013 and 2012 are provided below (in thousands):
 
 
 
Three Months Ended  
 June 30,
 
Six Months Ended 
 June 30,
Crosstex Energy, Inc. Restricted Shares:
 
2013
 
2012
 
2013
 
2012
Aggregate intrinsic value of shares vested
 
$
298

 
$
391

 
$
4,303

 
$
3,127

Fair value of shares vested
 
$
217

 
$
260

 
$
2,184

 
$
1,266

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable
The following is a summary of the CEI stock options outstanding as of June 30, 2013:
 
 
 
Six Months Ended June 30, 2013
 
 
 
 
Weighted
 
 
Number of
 
Average
Crosstex Energy, Inc. Stock Options:
 
Shares
 
Exercise Price
Outstanding, beginning of period
 
37,500

 
$
6.50

Forfeited
 

 

Outstanding, end of period
 
37,500

 
$
6.50

Options exercisable at end of period
 
37,500

 


Weighted average contractual term (years) end of period
 
1.5