XML 20 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 35,989 $ 37,066
Accounts receivable, net of allowance for doubtful accounts of $308 and $357, respectively 251,618 225,393
Inventory 29,150 18,464
Fair value contracts 854 2,064
Income tax receivable 0 480
Prepayments 7,433 10,651
Current assets of discontinued operations 1,876 10,847
Total current assets 326,920 304,965
PROPERTY AND EQUIPMENT:    
Marketing 38,462 33,004
Transportation 56,226 54,359
Oil and gas (successful efforts method) 88,817 81,668
Other 1,431 2,772
Property and Equipment 184,936 171,803
Less - Accumulated depreciation, depletion and amortization (104,118) (102,946)
Net property and equipment 80,818 68,857
OTHER ASSETS:    
Deferred income tax asset 647 473
Cash deposits and other 4,149 4,167
Long-term assets of discontinued operations 0 378
Total Assets 412,534 378,840
Current Liabilities:    
Accounts payable 268,650 243,615
Accounts payable - related party 73 58
Fair value contracts 2,353 681
Accrued and other liabilities 11,463 6,095
Current deferred income taxes 276 505
Current liabilities of discontinued operations 0 5,140
Total current liabilities 282,815 256,094
OTHER LIABILITIES:    
Asset retirement obligations 1,595 1,568
Deferred taxes and other liabilities 10,867 10,496
Total Liabilites 295,277 268,158
Commitments and Contingencies (Note 5)      
Shareholders' Equity:    
Preferred stock - $1.00 par value, 960,000 shares authorized, none outstanding 0 0
Common stock - $.10 par value, 7,500,000 shares authorized, 4,217,596 shares outstanding 422 422
Contributed capital 11,693 11,693
Retained earnings 105,142 98,567
Total shareholders' equity 117,257 110,682
Liabilities and stockholders equity $ 412,534 $ 378,840