Assets Held for Sale and Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2016

Assets Held for Sale and Discontinued Operations

Schedule of condensed statements of income (loss) from discontinued operations

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
	(In thousands)
Operating revenues (1)	$	688	$	432	$	1,449	$	2,737
Income (loss) from Oil & Gas discontinued operations:
Income (loss) from discontinued operations	$	(836)	$	(1,388)	$	(3,501)	$	(3,903)
Less: Impairment charges or other (gains) and losses on sale of wholly owned assets (2)		15,392		55,044		15,388		56,075
Less: Income tax expense (benefit)		(4,041)		(11,157)		(4,792)		(18,911)
Income (loss) from Oil and Gas discontinued operations, net of tax	$	(12,187)	$	(45,275)	$	(14,097)	$	(41,067)

(1) Reflects operating revenues of our historical oil and gas operating segment.

Reflects impairment charges of $15.4 million and $51.0 million during each of the three and nine months ended September 30, 2016 and 2015, respectively, due to the deterioration of economic conditions in the dry gas market in western Canada as well as an impairment charge for a note receivable of $4.0 million remaining from the sale of one of our former Canada subsidiaries that provided logistics services during the three and nine-months ended September 30, 2015.