Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Reconciliation of Retail Gross Margin to Income Before Income Tax Expense

Below is a reconciliation of retail gross margin to income before income tax expense (in thousands):

	Three Months Ended March 31,
	2020			2019
Reconciliation of Retail Gross Margin to Income before taxes
Income before income tax expense	$	11,993		$	3,786
Interest and other income	(160		)	(189		)
Interest expense	1,553			2,223
Operating income	13,386			5,820
Depreciation and amortization	8,796			12,155
General and administrative	25,676			29,476
Less:
Net asset optimization revenues	321			2,552
Net, loss on non-trading derivative instruments	(24,533		)	(19,803		)
Net, Cash settlements on non-trading derivative instruments	16,609			8,125
Retail Gross Margin	$	55,461		$	56,577

Financial Data for Business Segments

Financial data for business segments are as follows (in thousands):

Three Months Ended March 31, 2020
	Retail Electricity			Retail Natural Gas			Corporate and Other		Eliminations			Consolidated
Total Revenues	$	121,768		$	44,592		$	321	$	—		$	166,681
Retail cost of revenues	100,383			18,440			—		—			118,823
Less:
Net asset optimization expenses	—			—			321		—			321
Net, loss on non-trading derivative instruments	(24,386		)	(147		)	—		—			(24,533		)
Current period settlements on non-trading derivatives	14,965			1,644			—		—			16,609
Retail Gross Margin	$	30,806		$	24,655		$	—	$	—		$	55,461
Total Assets at March 31, 2020	$	2,622,259		$	862,873		$	336,218	$	(3,431,718	)	$	389,632
Goodwill at March 31, 2020	$	117,813		$	2,530		$	—	$	—		$	120,343

Three Months Ended March 31, 2019
	Retail Electricity			Retail Natural Gas			Corporate and Other		Eliminations			Consolidated
Total revenues	$	182,092		$	58,062		$	2,552	$	—		$	242,706
Retail cost of revenues	165,888			29,367			—		—			195,255
Less:
Net asset optimization revenues	—			—			2,552		—			2,552
Net, (loss) gain on non-trading derivative instruments	(21,942		)	2,139			—		—			(19,803		)
Current period settlements on non-trading derivatives	8,173			(48		)	—		—			8,125
Retail Gross Margin	$	29,973		$	26,604		$	—	$	—		$	56,577
Total Assets at December 31, 2019	$	2,524,884		$	820,601		$	341,411	$	(3,263,928	)	$	422,968
Goodwill at December 31, 2019	$	117,813		$	2,530		$	—	$	—		$	120,343