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Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue        
Production $ 113,895 $ 121,121 $ 229,571 $ 253,735
Sales of purchased natural gas 19,520 18,685 36,742 35,243
Net derivative gains (losses) (16,357) 34,837 (58,390) 3,468
Other 974 854 1,895 1,755
Total revenue 118,032 175,497 209,818 294,201
Operating expense        
Lease operating 18,690 20,213 37,446 45,108
Gathering, processing and transportation 34,921 36,674 67,704 76,498
Production and ad valorem taxes 4,305 5,300 8,489 10,784
Costs of purchased natural gas 19,514 18,679 36,706 35,197
Depletion, depreciation and accretion 14,659 15,265 28,615 33,521
General and administrative 11,485 16,875 26,805 33,038
Other operating 922 769 1,571 2,205
Total expense 104,496 113,775 207,336 236,351
Operating income (loss) 13,536 394,894 2,482 391,022
Other income - net (1,427) (15,105) (1,359) (15,255)
Fortune Creek accretion (3,602) (4,827) (8,003) (9,672)
Interest expense (41,233) (127,238) (82,028) (171,180)
Income (loss) before income taxes (32,726) 247,724 (88,908) 194,915
Income tax (expense) benefit (3,369) (5,201) (6,020) (12,097)
Net Income (Loss) Attributable to Parent (36,095) 242,523 (94,928) 182,818
Reclassification adjustments related to settlements of derivative contracts into production revenue- net of income tax (5,121) (11,287) (12,971) (26,042)
Foreign currency translation adjustment 5,014 (3,580) 759 (3,278)
Other comprehensive income (loss) (107) (14,867) (12,212) (29,320)
Comprehensive income (loss) (36,202) 227,656 (107,140) 153,498
Earnings (loss) per common share - basic $ (0.21) $ 1.37 $ (0.55) $ 1.04
Earnings (loss) per common share - diluted $ (0.21) [1] $ 1.37 [1] $ (0.55) [1] $ 1.04 [1]
Tokyo Gas [Member]
       
Operating expense        
Gain (Loss) on Disposition of Oil and Gas and Timber Property $ 0 $ 333,172 $ 0 $ 333,172
[1] For the three months ended June 30, 2014, 6.6 million shares associated with our stock options and 0.3 million shares associated with our unvested RSUs were antidilutive and, therefore, excluded from the diluted share calculations. For the three months ended June 30, 2013, 5.3 million shares associated with our stock options and 1.0 million shares associated with our unvested RSUs were antidilutive and, therefore, excluded from the diluted share calculations. For the six months ended June 30, 2014, 6.6 million shares associated with our stock options and 0.3 million shares associated with our unvested RSUs were antidilutive and, therefore, excluded from the diluted share calculations. For the six months ended June 30, 2013, 5.2 million shares associated with our stock options and 1.0 million shares associated with our unvested RSUs were antidilutive and, therefore, excluded from the diluted share calculations.