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SHARE-BASED COMPENSATION PLANS (Tables)
 12 Months Ended
Dec. 31, 2017
Share-Based Payment Arrangements [Abstract]  
Summary of Share-Based Compensation Expense (Recovery)
The following tables provide a summary of the Company’s share-based compensation expense (recovery) for the years ended December 31, 2017 and December 31, 2016:
($000s)
2017

2016

Share options expense
$
1,074

$
2,565

Deferred share units expense (recovery)
(583
)
834

Restricted awards expense (recovery)
178

241

Performance awards expense (recovery)
(137
)
144

Share-based compensation expense included in general and administrative expense
$
532

$
3,784

Share-based compensation expense included in operating expense
$
167

$
152

Total share-based compensation expense
$
699

$
3,936

The following tables provide a summary of the Company’s share options expense for the years ended December 31, 2017 and December 31, 2016:
($000s)
2017

2016

Share options expense
$
1,074

$
2,565

Share options expense capitalized
600

1,147

Gross share option expense
$
1,674

$
3,712
Summary of Company's Share-Based Compensation Liability Balances
The following table provides a summary of the Company’s share-based compensation liability balances within accounts payable and accrued liabilities:
($000s)
Deferred
Share Units

Restricted
Awards

Performance
Awards

Total

Liability balance, December 31, 2017
$
1,212

$
754

$
457

$
2,423

Liability balance, December 31, 2016
$
2,360

$
1,038

$
751

$
4,149

 
Disclosure of Share Options Weighted Average Assumptions Used
The weighted average fair market value of share options granted during the years ended December 31, 2017 and 2016, and the weighted average assumptions used in their determination are as noted below:
 
2017

2016

Inputs:
 

 

Share price
$
4.27

$
5.10

Exercise price
$
4.55

$
5.10

Risk free interest rate (%)
0.9

0.6

Option life (years)
2.8

2.8

Option volatility (%)
71

73

Results:
 

 

Weighted average fair value of each share option granted
$
1.87

$
2.35
Disclosure of Share Options Continuity
The following tables summarize information regarding Bellatrix’s Share Option Plan:
Share Options Continuity
 
 
 
Weighted Average
Exercise Price

Number

Balance, December 31, 2015
$
28.45

2,569,273

Granted
$
5.10

581,820

Forfeited
$
30.43

(287,735
)
Expired
$
26.03

(290,334
)
Balance, December 31, 2016
$
23.22

2,573,024

Granted
$
4.55

185,000

Forfeited
$
35.10

(877,956
)
Expired
$
17.12

(257,936
)
Balance, December 31, 2017
$
15.62

1,622,132

DSU Continuity
 
 
Number

Balance, December 31, 2015
202,927

Granted
184,823

Exercised
(10,083
)
Balance, December 31, 2016
377,667

Granted
260,381

Exercised
(120,150
)
Balance, December 31, 2017
517,898

RA Continuity
 
 
Number of RAs

Balance, December 31, 2015
318,762

Granted
284,771

Exercised
(113,457
)
Forfeited
(63,681
)
Balance, December 31, 2016
426,395

Granted
652,740

Exercised
(175,833
)
Forfeited
(79,815
)
Balance, December 31, 2017
823,487

PA Continuity
 
 
Number of PAs

Balance, December 31, 2015
249,240

Granted
145,085

Exercised
(70,430
)
Forfeited
(20,560
)
Balance, December 31, 2016
303,335

Granted
370,000

Exercised
(61,920
)
Forfeited
(38,360
)
Balance, December 31, 2017
573,055
Disclosure of Range of Exercise Prices of Outstanding Share Options
Share Options Outstanding, December 31, 2017
 
 
 
Outstanding
 

Exercisable
Exercise Price
At December 31, 2017

Weighted
 Average
Exercise Price

Weighted
Average
Remaining
Contractual Life

At December 31, 2017

Weighted Average Exercise
Price


$3.85

-
$4.47
125,000


$3.85

4.5

—

—


$4.48

-
$5.55
494,832


$5.10

3.6

234,944


$5.10


$5.56

-
$18.70
76,400


$7.78

3.9

10,928


$14.30


$18.71

-
$19.52
624,000


$18.75

2.4

469,327


$18.75


$19.53

-
$27.48
118,600


$20.30

1.9

118,600


$20.30


$27.49

-
$37.95
67,800


$36.66

0.9

67,800


$36.66


$37.96

-
$45.78
26,700


$39.01

1.0

26,700


$39.01


$45.79

-
$50.20
88,800


$46.28

1.5

88,800


$46.28


$3.85

-
$50.20
1,622,132


$15.62

2.8

1,017,099


$19.86
Disclosure of Number and Weighted Average Remaining Contractual Life of Outstanding Share Options
Share Options Outstanding, December 31, 2017
 
 
 
Outstanding
 

Exercisable
Exercise Price
At December 31, 2017

Weighted
 Average
Exercise Price

Weighted
Average
Remaining
Contractual Life

At December 31, 2017

Weighted Average Exercise
Price


$3.85

-
$4.47
125,000


$3.85

4.5

—

—


$4.48

-
$5.55
494,832


$5.10

3.6

234,944


$5.10


$5.56

-
$18.70
76,400


$7.78

3.9

10,928


$14.30


$18.71

-
$19.52
624,000


$18.75

2.4

469,327


$18.75


$19.53

-
$27.48
118,600


$20.30

1.9

118,600


$20.30


$27.49

-
$37.95
67,800


$36.66

0.9

67,800


$36.66


$37.96

-
$45.78
26,700


$39.01

1.0

26,700


$39.01


$45.79

-
$50.20
88,800


$46.28

1.5

88,800


$46.28


$3.85

-
$50.20
1,622,132


$15.62

2.8

1,017,099


$19.86