Stockholders' Equity

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Stockholders' Equity

Note 11—Stockholders' Equity

Incentive Plan

For the three and six months ended June 30, 2015, we recognized compensation costs of approximately $1.7 million and $3.0 million, respectively, in General and administrative expenses on our unaudited condensed consolidated statements of operations related to restricted stock awards under the Par Petroleum Corporation 2012 Long-term Incentive Plan ("LTIP"). For the three and six months ended June 30, 2014, we recognized compensation costs of approximately $981 thousand and $1.6 million, respectively, in General and administrative expenses within our unaudited consolidated statements of operations related to restricted stock awards under the LTIP. During the three and six months ended June 30, 2015, we granted 46 thousand shares and 174 thousand shares of restricted stock with fair values of approximately $1.1 million and $3.5 million, respectively. During the three and six months ended June 30, 2015, we granted approximately 9 thousand stock options and 152 thousand stock options with a weighted-average exercise price of $23.49 and $18.80 and a fair value of approximately $0.1 million and $1.1 million, respectively. As of June 30, 2015, there was approximately $10.1 million of total unrecognized compensation costs related to restricted stock and stock option awards, which are expected to be recognized on a straight-line basis over a weighted-average period of 3.18 years.