Office Closing and Exit Costs

12 Months Ended

Dec. 31, 2015

Restructuring And Related Activities [Abstract]

Office Closing and Exit Costs

(16) Office Closing and Exit Costs

In first quarter 2015, we announced the closing of our Oklahoma City administrative and operational office in order to lower our general and administrative expenses, due in part to the impact of lower commodity prices on our operations. In fourth quarter 2014, we initially accrued an estimated $8.4 million of termination costs relating to the closure of this office as it was probable of occurring. In early 2015, those plans and personnel involved were finalized which resulted in additional accruals in 2015 for severance and other personnel costs of $275,000, additional accelerated vesting of stock-based compensation of $948,000 and $3.1 million of building lease costs. In addition, the year ended December 31, 2015 includes additional accruals for severance of $11.4 million and a gain of $731,000 of accelerated vesting of stock-based compensation related to the sale of our Virginia and West Virginia properties which closed on December 30, 2015 and additional reductions in our work force due to the lower commodity price environment. The following table details the accrued liability as of December 31, 2015 and December 31, 2014 (in thousands):

		2015			2014
Beginning balance	$	5,372		$	—
Accrued severance costs		11,706			5,372
Accrued building rent		3,147			—
Payments		(8,595	)		—
Ending balance	$	11,630		$	5,372

The following summarizes our termination costs for the year ended December 31, 2015 and December 31, 2014 (in thousands):

		2015		2014
Severance costs	$	11,706	$	5,372
Building lease		3,147		—
Stock-based compensation		217		2,999
Total termination costs	$	15,070	$	8,371