XML 58 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 835 $ 1,359
Accounts receivable (less allowance for doubtful accounts of $5,343 and $5,083) 165,276 130,142
Materials and supplies 8,202 6,316
Current derivative asset (Note 13) 31,938 5,568
Current income tax receivable 0 25,211
Current deferred tax asset (Note 8) 10,936 13,537
Prepaid expenses and other 11,278 6,047
Total current assets 228,465 188,180
Property and equipment:    
Drilling equipment 1,423,570 1,273,861
Oil and natural gas properties, on the full cost method:    
Proved properties 3,302,032 2,738,093
Undeveloped leasehold not being amortized 185,632 175,065
Gas gathering and processing equipment 278,919 199,564
Transportation equipment 34,118 31,688
Other 37,544 28,511
Property, plant and equipment, gross, total 5,261,815 4,446,782
Less accumulated depreciation, depletion, amortization and impairment 2,319,484 2,047,031
Net property and equipment 2,942,331 2,399,751
Deferred offering costs 5,671 0
Goodwill (Note 2) 62,808 62,808
Other intangible assets, net 1,855 3,022
Non-current derivative asset (Note 13) 4,514 2,537
Other assets 11,076 12,942
Total assets 3,256,720 2,669,240
Current liabilities:    
Accounts payable 143,311 89,885
Accrued liabilities (Note 5) 51,733 30,093
Income taxes payable 781 0
Contract advances 2,055 2,582
Current portion of derivative liabilities (Note 13) 2,657 14,446
Current portion of other long-term liabilities (Note 6) 12,213 10,122
Total current liabilities 212,750 147,128
Long-term debt (Note 6) 300,000 163,000
Non-current derivative liabilities (Note 13) 0 4,359
Other long-term liabilities (Note 6) 113,830 88,030
Deferred income taxes (Note 8) 683,123 556,106
Commitments and contingencies (Note 15)      
Shareholders' equity:    
Preferred stock, $1.00 par value, 5,000,000 shares authorized, none issued 0 0
Common stock, $0.20 par value, 175,000,000 shares authorized, 48,151,442 and 47,910,431 shares issued as of December 31, 2011 and 2010, respectively 9,541 9,493
Capital in excess of par value 408,109 393,501
Accumulated other comprehensive income (loss) (net of tax of $11,961 and ($4,243), respectively) 19,026 (6,851)
Retained earnings 1,510,341 1,314,474
Total shareholders' equity 1,947,017 1,710,617
Total liabilities and shareholders' equity $ 3,256,720 $ 2,669,240