Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

For restricted stock awards, we had:


	2018		2017		2015
	(In millions)
Recognized stock compensation expense	$	17.8	$	13.3	$	9.6
Capitalized stock compensation cost for our oil and natural gas properties	2.1		1.8		2.1
Tax benefit on stock based compensation	4.4		5.0		3.6

Activity pertaining to SARs granted under the amended plan is as follows:

Activity pertaining to restricted stock awards granted under the amended plan is as follows:


Employees	Number of Time Vested Shares	Number of Performance Vested Shares	Total Number of Shares	Weighted Average Price
Nonvested at January 1, 2016	936,662	277,160	1,213,822	$	41.29
Granted	494,078	152,373	646,451	5.62
Vested	(425,195)	—	(425,195)	43.47
Forfeited	(75,808)	(57,405)	(133,213)	36.87
Nonvested at December 31, 2016	929,737	372,128	1,301,865	23.32
Granted	485,799	173,373	659,172	26.07
Vested	(455,570)	(62,119)	(517,689)	29.87
Forfeited	(44,408)	(34,953)	(79,361)	38.87
Nonvested at December 31, 2017	915,558	448,429	1,363,987	21.25
Granted	844,498	390,445	1,234,943	20.52
Vested	(470,171)	(209,643)	(679,814)	24.30
Forfeited	(21,002)	(21,106)	(42,108)	19.80
Nonvested at December 31, 2018	1,268,883	608,125	1,877,008	$	19.70

Activity pertaining to the Directors’ Plan is as follows:


	Number of Shares	Weighted Average Exercise Price
Outstanding at January 1, 2016	129,500	$	54.15
Granted	—	—
Exercised	—	—
Forfeited	(21,000)	62.40
Outstanding at December 31, 2016	108,500	52.56
Granted	—	—
Exercised	—	—
Forfeited	(21,000)	57.63
Outstanding at December 31, 2017	87,500	51.34
Granted	—	—
Exercised	—	—
Forfeited	(21,000)	73.26
Outstanding at December 31, 2018	66,500	$	44.42


	Outstanding and Exercisable Options at December 31, 2018
Weighted Average Exercise Price	Number of Shares	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price
$31.30 - $41.21	38,500	0.9 years	$	37.58
$53.81 - $73.26	28,000	2.3 years	$	53.81