Assets held for sale and discontinued operations (Tables)

3 Months Ended

Mar. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Disclosure of long lived assets held-for-sale

The carrying amounts of the major classes of assets and liabilities that were classified as held for sale associated with Pronghorn on the Company's Consolidated Balance Sheets were as follows:

	December 31, 2016
	(In thousands)
Assets
Current assets:
Prepayments and other current assets	$	68
Total current assets held for sale	68
Noncurrent assets:
Net property, plant and equipment	93,424
Goodwill	9,737
Less allowance for impairment of assets held for sale	2,311
Total noncurrent assets held for sale	100,850
Total assets held for sale	$	100,918

Disposal groups, including discontinued operations

The carrying amounts of the major classes of assets and liabilities that are classified as held for sale related to the operations of Fidelity on the Company's Consolidated Balance Sheets were as follows:

	March 31, 2017			March 31, 2016			December 31, 2016
	(In thousands)
Assets
Current assets:
Receivables, net	$	266		$	3,619		$	355
Inventories	—			1,308			—
Income taxes receivable	—			50,478			—
Prepayments and other current assets	—			2,348			—
Total current assets held for sale	266			57,753			355
Noncurrent assets:
Investments	—			37			—
Net property, plant and equipment	4,515			9,363			5,507
Deferred income taxes	91,098			82,994			91,098
Other	161			161			161
Less allowance for impairment of assets held for sale	—			(1,374		)	938
Total noncurrent assets held for sale	95,774			93,929			95,828
Total assets held for sale	$	96,040		$	151,682		$	96,183
Liabilities
Current liabilities:
Accounts payable	$	67		$	7,963		$	141
Taxes payable	4,732		(a)	35			19		(a)
Accrued compensation	—			761			—
Other accrued liabilities	2,311			4,791			2,358
Total current liabilities held for sale	7,110			13,550			2,518
Total liabilities held for sale	$	7,110		$	13,550		$	2,518

(a) On the Company's Consolidated Balance Sheets, these amounts were reclassified to prepayments and other current assets and are reflected

in current assets held for sale.

The carrying amounts of the major classes of assets and liabilities that are classified as held for sale related to the operations of and activity associated with Dakota Prairie Refining on the Company's Consolidated Balance Sheets were as follows:

	March 31, 2017		March 31, 2016		December 31, 2016
	(In thousands)
Assets
Current assets:
Cash and cash equivalents	$	—	$	365	$	—
Receivables, net	—		11,169		—
Inventories	—		17,056		—
Income taxes receivable	11,756		7,077		13,987
Prepayments and other current assets	—		6,124		—
Total current assets held for sale	11,756		41,791		13,987
Noncurrent assets:
Net property, plant and equipment	—		407,247		—
Other	—		8,846		—
Total noncurrent assets held for sale	—		416,093		—
Total assets held for sale	$	11,756	$	457,884	$	13,987
Liabilities
Current liabilities:
Short-term borrowings	$	—	$	61,525	$	—
Long-term debt due within one year	—		6,375		—
Accounts payable	16		27,454		7,425
Taxes payable	—		1,001		—
Accrued compensation	—		717		—
Other accrued liabilities	—		7,155		—
Total current liabilities held for sale	16		104,227		7,425
Noncurrent liabilities:
Long-term debt	—		62,625		—
Deferred income taxes (a)	55		24,137		14
Total noncurrent liabilities held for sale	55		86,762		14
Total liabilities held for sale	$	71	$	190,989	$	7,439

(a) On the Company's Consolidated Balance Sheets, these amounts were reclassified to noncurrent deferred income tax assets and are

reflected in noncurrent assets held for sale.

Reconciliation of major classes of income and expense

The reconciliation of the major classes of income and expense constituting pretax income (loss) from discontinued operations, which includes Dakota Prairie Refining and Fidelity, to the after-tax income (loss) from discontinued operations on the Company's Consolidated Statements of Income was as follows:

	Three Months Ended
	March 31,
	2017			2016
	(In thousands)
Operating revenues	$	105		$	47,976
Operating expenses	(6,577		)	69,769
Operating income (loss)	6,682			(21,793		)
Other income (expense)	(15		)	204
Interest expense	—			922
Income (loss) from discontinued operations before income taxes	6,667			(22,511		)
Income taxes	4,980			(4,475		)
Income (loss) from discontinued operations	1,687			(18,036		)
Loss from discontinued operations attributable to noncontrolling interest	—			(11,040		)
Income (loss) from discontinued operations attributable to the Company	$	1,687		$	(6,996	)