Restatement of Condensed Consolidated Financial Statements (Tables)

9 Months Ended

Sep. 30, 2013

Accounting Changes And Error Corrections [Abstract]

Summary of Adjustments to Previously Issued Consolidated Balance Sheet

The following is a summary of the adjustments to our previously issued consolidated balance sheet as of September 30, 2013:

	September 30, 2013
	As Reported			Adjustments			As Restated
Assets
Accounts receivable, non-affiliates	$	31,390		$	(17	)	$	31,373
Accounts receivable, affiliates		—			17			17
Deferred income taxes (non-current)		48,337			(29,718	)		18,619
Equity method investments		207,566			63,133			270,699
Total assets		714,897			33,415			748,312
Liabilities and Stockholders’ Equity (Deficit)
Accounts payable, accrued and other current liabilities, non-affiliates		61,033			(7,786	)		53,247
Accounts payable, accrued and other current liabilities, affiliates		—			7,342			7,342
Total current liabilities		82,735			(444	)		82,291
Other long-term liabilities		93,571			(72,486	)		21,085
Deferred AWN capacity revenue		—			64,036			64,036
Total liabilities		621,088			(8,894	)		612,194
Accumulated deficit		(51,519	)		42,309			(9,210	)
Total stockholders’ equity (deficit)		93,809			42,309			136,118
Total liabilities and stockholders’ equity (deficit)		714,897			33,415			748,312

Summary of Adjustments to Previously Issued Consolidated Statements of Comprehensive Income

The following is a summary of the adjustments to our previously issued consolidated statements of comprehensive income for the three and nine months ended September 30, 2013:

	Three Months Ended									Nine Months Ended
	September 30, 2013									September 30, 2013
	As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated
Operating revenues, non-affiliates	$	83,841		$	(1,414	)	$	82,427		$	272,657		$	(1,535	)	$	271,122
Operating revenues, affiliates		—			1,414			1,414			—			1,535			1,535
Cost of services and sales, non-affiliates		44,720			(11,642	)		33,078			117,371			(11,959	)		105,412
Cost of services and sales, affiliates		—			11,642			11,642			—			11,959			11,959
(Gain) loss on disposal of assets, net		(132,109	)		(74,894	)		(207,003	)		(131,483	)		(74,894	)		(206,377	)
AWN excess distribution		(2,867	)		2,867			—			(2,867	)		2,867			—
Total operating expenses (income)		(59,855	)		(72,027	)		(131,882	)		91,968			(72,027	)		19,941
Operating income		143,696			72,027			215,723			180,689			72,027			252,716
Income before income tax expense		131,836			72,027			203,863			148,373			72,027			220,400
Income tax expense		(54,238	)		(29,718	)		(83,956	)		(29,613	)		(29,718	)		(59,331	)
Net income		77,598			42,309			119,907			118,760			42,309			161,069
Total comprehensive income		78,513			42,309			120,822			121,057			42,309			163,366
Net income per share:
Basic	$	1.65		$	0.89		$	2.54		$	2.55		$	0.91		$	3.46
Diluted	$	1.33		$	0.72		$	2.05		$	2.09		$	0.72		$	2.81

Summary of Adjustments To Previously Issued Consolidated Statements of Cash Flows

The following is a summary of the adjustments to our previously issued consolidated statements of cash flows for the three and nine months ended September 30, 2013.

	Nine Months Ended
	September 30, 2013
	As Reported			Adjustments			As Restated
Cash Flows from Operating Activities:
Net income	$	118,760		$	42,309		$	161,069
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale/contribution of asset to AWN		(132,424	)		(74,894	)		(207,318	)
AWN excess distribution		(2,867	)		2,867			—
Deferred income taxes		29,015			29,718			58,733
Other non-cash expense, net		(1,710	)		2,867			1,157
Net cash provided by operating activities		56,741			2,867			59,608
Cash Flows from Investing Activities:
AWN excess distribution		2,867			(2,867	)		—
Net cash provided (used) by investing activities		77,818			(2,867	)		74,951