Employee Benefits Plans and Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Restricted Stock Units Activity

The following table summarizes RSU activity for the three months ended March 31, 2020:

	Restricted Stock Units			Weighted Average Grant Date Fair Value
Unvested RSUs at December 31, 2019		733,777		$	25.20
Granted		1,278,095		$	10.04
Vested		(225,507	)	$	24.36
Forfeited		(36,677	)	$	24.72
Unvested RSUs at March 31, 2020		1,749,688		$	14.24

Summary of Performance Share Units Activity

The following table summarizes PSU activity for the three months ended March 31, 2020:

	Restricted Stock Units			Weighted Average Grant Date Fair Value
Unvested PSUs at December 31, 2019		417,831		$	39.31
Granted		441,642		$	13.05
Vested		—		$	—
Forfeited		(18,533	)	$	35.74
Unvested PSUs at March 31, 2020		840,940		$	25.60

Summary of Assumptions Used to Calculate the Grant Date Fair Value of PSUs Granted

The following table summarizes the assumptions used to calculate the grant date fair value of the PSUs granted for the three months ended March 31, 2020

	2020 Grant Date
	March 5, 2020
Number of simulations		100,000
Expected term (in years)		2.8
Expected volatility		48.8	%
Risk-free interest rate		0.6	%
Dividend yield		—	%

Schedule of Recognized Share Based Compensation Expense, Net

The Company recognized the following share-based compensation expense, net for the three months ended March 31, 2020 and 2019 (in thousands):

	Three Months Ended March 31,
	2020			2019
Share-based compensation expense	$	3,212		$	2,275
Less: amounts capitalized to oil and gas properties		(1,585	)		(1,016	)
Total share-based compensation expense, net	$	1,627		$	1,259