Assets Held for Sale and Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2017

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,
		2017		2016		2017		2016
	(In thousands)
Operating revenues (1)		$	1,077	$	688	$	5,171	$	1,449
Income (loss) from Oil & Gas discontinued operations:
Income (loss) from discontinued operations		$	(991)	$	(836)	$	(1,561)	$	(3,501)
Less: Impairment charges or other (gains) and losses on sale of wholly owned assets (2)			34,469		15,392		51,028		15,388
Less: Income tax expense (benefit)			(8,326)		(4,041)		(9,512)		(4,792)
Income (loss) from Oil and Gas discontinued operations, net of tax		$	(27,134)	$	(12,187)	$	(43,077)	$	(14,097)

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

(2) Reflects impairment charges of $35.3 million and $15.4 million during each of the three and nine months ended September 30, 2017 and 2016, respectively, due to the deterioration of economic conditions in the dry gas market in western Canada. These assets are included in our assets held for sale balance as described above. Additionally, includes a charge of $16.5 million related to the settlement of litigation associated with our previously owned Ramshorn International properties during the nine months ended September 30, 2017.