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Derivative Instruments And Hedging Activities (Tables)
12 Months Ended
Dec. 31, 2012
Derivative Instruments And Hedging Activities [Abstract]  
Derivatives Designated As Hedging Instruments

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2012

 

As of December 31, 2011

 

 

 

Balance Sheet

 

Fair

 

Balance Sheet

 

Fair

 

 

 

Location

 

Value

 

Location

 

Value

 

Asset Derivatives:

 

 

 

 

 

 

 

 

 

Natural gas contracts

 

Other current assets

$

 -

 

Other current assets

$

12,957 

 

Oil contracts

 

Other current assets

 

 -

 

Other current assets

 

8,567 

 

Natural gas contracts

 

Other assets, net

 

 -

 

Other assets, net

 

857 

 

Interest rate swaps

 

Other assets, net

 

 -

 

Other assets, net

 

327 

 

 

 

 

$

 -

 

 

$

22,708 

 

 

 

 

 

 

 

 

 

 

 

Liability Derivatives:

 

 

 

 

 

 

 

 

 

Oil contracts

 

Accrued liabilities

$

 -

 

Accrued liabilities

$

886 

 

Interest rate swaps

 

Accrued liabilities

 

 -

 

Accrued liabilities

 

202 

 

Oil contracts

 

Other long-term liabilities

 

 -

 

Other long-term liabilities

 

1,712 

 

 

 

 

$

 -

 

 

$

2,800 

 

 

Derivatives Not Designated As Hedging Instruments

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2012

 

As of December 31, 2011

 

 

 

Balance Sheet

 

Fair

 

Balance Sheet

 

Fair

 

 

 

Location

 

Value

 

Location

 

Value

 

Asset Derivatives:

 

 

 

 

 

 

 

 

 

Oil contracts

 

Other current assets

$

5,800 

 

Other current assets

$

 -

 

Foreign exchange forwards

 

Other current assets

 

146 

 

Other current assets

 

55 

 

 

 

 

$

5,946 

 

 

$

55 

 

 

 

 

 

 

 

 

 

 

 

Liability Derivatives:

 

 

 

 

 

 

 

 

 

Oil contracts

 

Accrued liabilities

$

15,777 

 

Accrued liabilities

$

 -

 

Interest rate swaps

 

Accrued liabilities

 

489 

 

Accrued liabilities

 

 -

 

Foreign exchange forwards

 

Accrued liabilities

 

 -

 

Accrued liabilities

 

159 

 

Interest rate swaps

 

Other long-term liabilities

 

32 

 

Other long-term liabilities

 

 -

 

 

 

 

$

16,298 

 

 

$

159 

 

 

Impact Of Derivative Instruments On Accumulated Comprehensive Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

Gain (Loss) Recognized in OCI on Derivatives

 

 

 

(Effective Portion)

 

 

 

Year Ended December 31,

 

 

 

2012

 

 

2011

 

 

2010

 

 

 

 

 

 

 

 

 

 

 

Oil and natural gas commodity contracts

$

(12,860)

 

$

28,749 

 

$

(6,486)

 

Interest rate swaps

 

(81)

 

 

1,294 

 

 

(1,213)

 

 

$

(12,941)

 

$

30,043 

 

$

(7,699)

 

 

Gain (Loss) Reclassified From Accumulated OCI Into Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain (Loss) Reclassified from

 

 

 

Reclassified from

 

 

Accumulated OCI into Income

 

 

 

Location of Gain (Loss)

 

 

(Effective Portion)

 

 

 

Accumulated OCI into Income

 

 

Year Ended December 31,

 

 

 

(Effective Portion)

 

 

2012

 

 

2011

 

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oil and natural gas commodity contracts

 

Income (loss) from discontinued operations, net of tax

 

$

3,184 

 

$

(21,659)

 

$

25,575 

 

Interest rate swaps

 

Net interest expense

 

 

(523)

 

 

(2,010)

 

 

(1,849)

 

 

 

 

 

$

2,661 

 

$

(23,669)

 

$

23,726 

 

 

Impact Of Non Designated Derivative Instruments On Income Statement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain (Loss) Recognized in Income

 

 

 

Location of Gain (Loss)

 

 

on Derivatives

 

 

 

Recognized in Income

 

 

Year Ended December 31,

 

 

 

on Derivatives

 

 

2012

 

 

2011

 

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oil and natural gas commodity contracts

 

Income (loss) from discontinued operations, net of tax

 

$

5,550 

 

$

 -

 

$

1,088 

 

Oil and natural gas commodity contracts

 

Non-hedge loss on commodity derivative contracts

 

 

(10,507)

 

 

 -

 

 

 -

 

Interest rate swaps

 

Other income (expense), net

 

 

(567)

 

 

 -

 

 

 -

 

Foreign exchange forwards

 

Other income (expense), net

 

 

411 

 

 

249 

 

 

(2,560)

 

 

 

 

 

$

(5,113)

 

$

249 

 

$

(1,472)