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Acquisition of Working Interests in Natural Gas Properties (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed at Acquisition Date

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands):

 

Accounts receivable

   $ 1,107   

Property, plant and equipment

     49,317   
  

 

 

 

Total assets acquired

     50,424   

Accounts payable

     126   

Noncurrent accrued and other liabilities

     79   
  

 

 

 

Total liabilities assumed

     205   
  

 

 

 

Net assets acquired

   $ 50,219   
  

 

 

 
Summary of Unaudited Pro forma Information During Period of Acquisition

The following table summarizes unaudited pro forma information for the periods presented as if the acquisition of the Working Interests occurred on January 1, 2011. These amounts have been calculated after applying our accounting policies and adjusting the results of the Working Interests to reflect the acquisition-related costs in 2011, and after including the impact of adjustments for additional DD&A assuming the acquisition price paid at October 31, 2012 would have been paid at January 1, 2011 and, in each case, the related income tax effects using the respective effective rate in 2012 and 2011.

 

     2012      2011  
     (In Thousands, Except Per Share Amounts)  

Net sales—as reported

   $ 759,031       $ 805,256   
  

 

 

    

 

 

 

Net sales—pro forma

   $ 764,362       $ 808,710   
  

 

 

    

 

 

 

Income from continuing operations—as reported

   $ 58,786       $ 83,984   
  

 

 

    

 

 

 

Income from continuing operations—pro forma

   $ 60,750       $ 84,956   
  

 

 

    

 

 

 

Basic income per common share—as reported

   $ 2.61       $ 3.80   
  

 

 

    

 

 

 

Basic income per common share—pro forma

   $ 2.70       $ 3.85   
  

 

 

    

 

 

 

Diluted income per common share—as reported

   $ 2.49       $ 3.58   
  

 

 

    

 

 

 

Diluted income per common share—pro forma

   $ 2.57       $ 3.62