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SHARE-BASED COMPENSATION PLANS (Tables)
 12 Months Ended
Dec. 31, 2018
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, 2018 and December 31, 2017:
($000s)
2018

2017

Share options expense
$
334

$
1,074

Deferred share units expense (recovery)
(669
)
(583
)
Restricted awards expense (recovery)
(80
)
178

Performance awards expense (recovery)
(88
)
(137
)
Share-based compensation expense (recovery) included in general and administrative expense
$
(503
)
$
532

Share-based compensation expense included in operating expense
$
110

$
167

Total share-based compensation expense (recovery)
$
(393
)
$
699

The following tables provide a summary of the Company’s share options expense for the years ended December 31, 2018 and December 31, 2017:
($000s)
2018

2017

Share options expense
$
334

$
1,074

Share options expense capitalized
73

600

Gross share option expense
$
407

$
1,674
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, 2018
$
543

$
321

$
212

$
1,076

Liability balance, December 31, 2017
$
1,212

$
754

$
457

$
2,423

 
Disclosure of Share Options Weighted Average Assumptions Used
The weighted average fair market value of share options granted during the years ended December 31, 2018 and 2017, and the weighted average assumptions used in their determination are as noted below:
 
2018

2017

Inputs:
 

 

Share price
$
1.48

$
4.27

Exercise price
$
1.48

$
4.55

Risk free interest rate (%)
2.0

0.9

Option life (years)
2.8

2.8

Option volatility (%)
65

71

Results:
 

 

Weighted average fair value of each share option granted
$
0.64

$
1.87
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, 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

Granted
$
1.48

95,000

Forfeited
$
21.99

(722,800
)
Expired
$
36.00

(41,800
)
Balance, December 31, 2018
$
8.49

952,532

DSU Continuity
 
 
Number

Balance, December 31, 2016
377,667

Granted
260,381

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

Granted
304,056

Balance, December 31, 2018
821,954

PA Continuity
 
 
Number of PAs

Balance, December 31, 2016
303,335

Granted
370,000

Exercised
(61,920
)
Forfeited
(38,360
)
Balance, December 31, 2017
573,055

Granted
335,800

Exercised
(77,870
)
Forfeited
(67,910
)
Balance, December 31, 2018
763,075

RA Continuity
 
 
Number of RAs

Balance, December 31, 2016
426,395

Granted
652,740

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

Granted
880,200

Exercised
(317,840
)
Forfeited
(202,846
)
Balance, December 31, 2018
1,183,001
Disclosure of Range of Exercise Prices of Outstanding Share Options
Share Options Outstanding, December 31, 2018
 
 
 
Outstanding
 

Exercisable
Exercise Price
At December 31, 2018

Weighted
 Average
Exercise Price

Weighted
Average
Remaining
Contractual Life

At December 31, 2018

Weighted Average Exercise
Price


$1.48

-
$2.67
95,000


$1.48

4.4

—

—


$2.68

-
$4.47
119,000


$3.85

3.5

39,665


$3.85


$4.48

-
$5.55
446,532


$5.10

2.6

332,688


$5.10


$5.56

-
$10.68
60,000


$6.00

3.3

20,000


$6.00


$10.69

-
$17.38
1,600


$15.68

1.2

1,600


$15.68


$17.39

-
$19.52
204,000


$18.75

1.4

204,000


$18.75


$19.53

-
$46.53
17,400


$33.10

0.7

17,400


$33.10


$46.54

-
$46.90
9,000


$46.89

0.5

9,000


$46.89


$1.48

-
$46.90
952,532


$8.49

2.6

624,353


$10.92
Disclosure of Number and Weighted Average Remaining Contractual Life of Outstanding Share Options
Share Options Outstanding, December 31, 2018
 
 
 
Outstanding
 

Exercisable
Exercise Price
At December 31, 2018

Weighted
 Average
Exercise Price

Weighted
Average
Remaining
Contractual Life

At December 31, 2018

Weighted Average Exercise
Price


$1.48

-
$2.67
95,000


$1.48

4.4

—

—


$2.68

-
$4.47
119,000


$3.85

3.5

39,665


$3.85


$4.48

-
$5.55
446,532


$5.10

2.6

332,688


$5.10


$5.56

-
$10.68
60,000


$6.00

3.3

20,000


$6.00


$10.69

-
$17.38
1,600


$15.68

1.2

1,600


$15.68


$17.39

-
$19.52
204,000


$18.75

1.4

204,000


$18.75


$19.53

-
$46.53
17,400


$33.10

0.7

17,400


$33.10


$46.54

-
$46.90
9,000


$46.89

0.5

9,000


$46.89


$1.48

-
$46.90
952,532


$8.49

2.6

624,353


$10.92