Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Summarized Results from Discontinued Operations

Summarized results from discontinued operations were as follows:

	Second Quarter						First Six Months
	2017			2016			2017			2016
	(In thousands)
Revenues	$	4		$	1,377		$	13		$	5,647
Cost of sales	(4		)	(1,521		)	(10		)	(6,485		)
Other operating expenses	1,043			(1,066		)	989			(2,389		)
Income (loss) from discontinued operations before income taxes	$	1,043		$	(1,210	)	$	992		$	(3,227	)
Gain (loss) on sale of assets before income taxes	100			(3,596		)	100			(14,573		)
Income tax benefit	86			2,758			555			7,536
Income (loss) from discontinued operations, net of taxes	$	1,229		$	(2,048	)	$	1,647		$	(10,264	)

Schedule of Assets and Liabilities of Discontinued Operations

The major classes of assets and liabilities of discontinued operations at second quarter-end 2017 and year-end 2016 are as follows:

	Second Quarter-End		Year-End
	2017		2016
	(In thousands)
Assets of Discontinued Operations:
Receivables, net of allowance for bad debt	$	1	$	6
Prepaid expenses	—		8
	$	1	$	14
Liabilities of Discontinued Operations:
Accounts payable	$	—	$	67
Other accrued expenses	157		5,228
	$	157	$	5,295

Significant Operation and Investing Activities of DIscontinued Operations

Significant operating activities and investing activities of discontinued operations included in our consolidated statements of cash flows are as follows:

	First Six Months
	2017			2016
	(In thousands)
Operating activities:
Asset impairments	$	—		$	612
Accounts payable and other accrued liabilities	(3,000		)	—
Loss on sale of assets	—			14,573
Depreciation, depletion and amortization	—			2,147
	$	(3,000	)	$	17,332
Investing activities:
Oil and gas properties and equipment	$	—		$	(567	)
Proceeds from sales of assets	100			75,944
	$	100		$	75,377