Variable Interest Entity Arrangements (Tables)

9 Months Ended

Sep. 30, 2018

Variable Interest Entity Arrangements [Abstract]

The carrying value of Superior's assets and liabilities, after eliminations of any intercompany transactions and balances, in the consolidated balance sheets were as follows:



	September 30, 2018
	(In thousands)

Current assets:
Cash and cash equivalents	$	9,039
Accounts receivable	29,991
Prepaid expenses and other	2,756
Total current assets	41,786
Property and equipment:
Gas gathering and processing equipment	751,715
Transportation equipment	3,064
	754,779
Less accumulated depreciation, depletion, amortization, and impairment	353,476
Net property and equipment	401,303
Other assets	15,411
Total assets	$	458,500

Current liabilities:
Accounts payable	$	28,183
Accrued liabilities	3,574
Current portion of other long-term liabilities	6,836
Total current liabilities	38,593
Long-term debt less debt issuance costs	—
Other long-term liabilities	16,126
Total liabilities	$	54,719

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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