Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation Expense and Related Tax Benefit

	Successor				Predecessor
			Period From		Period From
			November 20, 2018		January 1, 2018
	Year Ended		through		through		Year Ended
	December 31, 2019		December 31, 2018		November 19, 2018		December 31, 2017
(in thousands)
Operating expenses	$	1,460	$	—	$	177	$	416
General and administrative expenses		5,611		599		2,366		6,403
Share-based compensation expense		7,071		599		2,543		6,819
Tax benefit (a)		(1,098)		(126)		—		(1,147)
Total	$	5,973	$	473	$	2,543	$	5,672

(a) The effects of tax benefits from share-based compensation expense are included within income tax expense in our consolidated statements of operations. As a result of the cancellation of all equity and equity-based awards granted under the Pacific Drilling S.A. 2011 Omnibus Stock Incentive Plan (the “2011 Stock Plan”),  there was no tax benefit from share-based compensation expense during the Predecessor period in 2018.

Summary of Restricted Stock Units Activity

	Number of Restricted Share Units	Weighted-Average Grant-Date Fair Value
	(in thousands)		(per share)
Nonvested — January 1, 2019	290	$	13.00
Granted	1,044		14.50
Vested	(35)		13.93
Cancelled or forfeited	(76)		14.70
Nonvested —  December 31, 2019	1,223	$	14.15

Summary of weighted-average assumptions

	2019
	PSUs
Expected volatility	49.0	%
Expected dividends	—
Risk-free interest rate	2.3	%

Summary of performance share units activity

	Number of Performance Share Units	Weighted-Average Grant-Date Fair Value
	(in thousands)		(per share)
Nonvested — January 1, 2019	—	$	—
Granted	375		15.43
Vested	—		—
Cancelled or forfeited	—		—
Nonvested —  December 31, 2019	375	$	15.43