Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Schedule Of Components Of Income Tax (Expense) Benefit

The components of income tax expense from continuing operations were as follows:



	Year Ended December 31,
	2013			2012			2011
				(In thousands)
Current income tax (expense) benefit
U.S. Federal	$	411		$	(411	)	$	(404	)
State	(141		)	(403		)	(661		)
Total current income tax (expense) benefit	270			(814		)	(1,065		)
Deferred income tax expense
U.S. Federal	(12,404		)	(28,723		)	(23,254		)
State	(769		)	(1,419		)	(1,292		)
Total deferred income tax expense	(13,173		)	(30,142		)	(24,546		)
Total income tax expense from continuing operations	$	(12,903	)	$	(30,956	)	$	(25,611	)

Schedule Of Effective Income Tax Rate Reconciliation

The Company’s income tax expense from continuing operations differs from the income tax expense computed by applying the U.S. federal statutory corporate income tax rate of 35% to income from continuing operations before income taxes as follows:



	Year Ended December 31,
	2013			2012			2011
				(In thousands)
Income from continuing operations before income taxes	$	34,761		$	82,133		$	58,145
Income tax expense at the statutory rate	(12,166		)	(28,747		)	(20,350		)
State income taxes, net of U.S. federal income tax benefit	(859		)	(1,681		)	(1,722		)
Adjustment to prior period state income taxes, net of U.S. federal income tax benefit	—			—			(4,735		)
Previously unbenefitted capital loss associated with investment				—			1,171
Nondeductible expenses	—			(93		)	25
Other	122			(435		)	—
Total income tax expense from continuing operations	$	(12,903	)	$	(30,956	)	$	(25,611	)

Schedule Of Deferred Tax Assets And Liabilities

At December 31, 2013 and 2012, deferred tax assets and liabilities are comprised of the following:



	December 31,
	2013			2012
	(In thousands)
Deferred income tax assets
Net operating loss carryforward - U.S. Federal and State	$	52,499		$	53,648
Stock-based compensation	7,563			4,245
Allowance for doubtful accounts	170			476
Fair value of derivative instruments	3,222			—
Other	2,471			1,755
Deferred income tax assets	65,925			60,124
Valuation allowance	(1,084		)	(1,188		)
Net deferred income tax assets	64,841			58,936
Deferred income tax liabilities
Unamortized discount on 4.375% Convertible Senior Notes	—			(382		)
Oil and gas properties	(74,247		)	(34,985		)
Fair value of derivative instruments	(3,249		)	(10,222		)
	(77,496		)	(45,589		)
Net deferred income tax asset (liability)	$	(12,655	)	$	13,347

Schedule Of Net Deferred Income Assets And Liabilities

At December 31, 2013 and 2012, the net deferred income tax asset (liability) is classified as follows:



	December 31,
	2013			2012
	(In thousands)
Noncurrent deferred income tax asset (liability)	$	(16,856	)	$	21,272
Current deferred income tax asset (liability)	4,201			(7,925		)
Net deferred income tax asset (liability)	$	(12,655	)	$	13,347