Supplementary Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Supplementary Quarterly Financial Data (Unaudited)

(11) Supplementary Quarterly Financial Data (Unaudited)

	2013
	First			Second			Third			Fourth			Total
	(In thousands, except per share data)
Total oil and gas sales	$	95,020		$	107,820		$	111,590		$	105,860		$	420,290
Operating loss	$	(20,856	)	$	(18,004	)	$	(9,086	)	$	(24,386	)	$	(72,332	)
Loss from continuing operations	$	(24,517	)	$	(21,531	)	$	(24,034	)	$	(36,641	)	$	(106,723	)
Income (Loss) from discontinued operations	$	(2,627	)	$	151,236		$	—		$	(857	)	$	147,752
Net income (loss)	$	(27,144	)	$	129,705		$	(24,034	)	$	(37,498	)	$	41,029
Basic net income (loss) per share:
Continuing operations	$	(0.52	)	$	(0.45	)	$	(0.52	)	$	(0.80	)	$	(2.22	)
Discontinued operations	$	(0.06	)	$	3.13		$	—		$	(0.02	)	$	3.07
Total	$	(0.58	)	$	2.68		$	(0.52	)	$	(0.82	)	$	0.85

Diluted net income (loss) per share:
Continuing operations	$	(0.52	)	$	(0.45	)	$	(0.52	)	$	(0.80	)	$	(2.22	)
Discontinued operations	$	(0.06	)	$	3.13		$	—		$	(0.02	)	$	3.07
Total	$	(0.58	)	$	2.68		$	(0.52	)	$	(0.82	)	$	0.85

	2014
	First		Second		Third			Fourth			Total
	(In thousands, except per share data)
Total oil and gas sales	$	141,909	$	155,723	$	144,983		$	112,616		$	555,231
Operating income (loss)	$	20,228	$	27,729	$	263		$	(80,291	)	$	(32,071	)
Net income (loss)	$	1,165	$	1,898	$	(1,903	)	$	(58,271	)	$	(57,111	)
Income (loss) per share:
Basic	$	0.02	$	0.04	$	(0.04	)	$	(1.26	)	$	(1.24	)
Diluted	$	0.02	$	0.04	$	(0.04	)	$	(1.26	)	$	(1.24	)

Basic and diluted per share amounts are the same for each of the quarters and for the years ended where there was a net loss from continuing operations reported.

Results of continuing operations include the following non-routine items of income (expense), which are presented before the effect of income taxes:


	2013
	First			Second			Third			Fourth			Total
	(In thousands)
Gain (loss) on sale of oil and gas properties	$	—		$	81		$	(2,165	)	$	51		$	(2,033	)
Gain on sales of marketable securities	$	7,877		$	—		$	—		$	—		$	7,877
Loss on early extinguishment of debt	$	—		$	—		$	—		$	(17,854	)	$	(17,854	)
Impairments of unproved oil and gas properties	$	(2,443	)	$	(9,465	)	$	(2,995	)	$	(18,081	)	$	(32,984	)
Impairments of proved oil and gas properties	$	—		$	(652	)	$	—		$	—		$	(652	)


	2014
	First		Second			Third			Fourth			Total
	(In thousands)
Impairments of unproved oil and gas properties	$	—	$	—		$	—		$	(487	)	$	(487	)
Impairments of proved oil and gas properties	$	—	$	(256	)	$	(15	)	$	(59,997	)	$	(60,268	)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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