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Subsequent event
9 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
Subsequent event
Subsequent Events
On September 24, 2014, Knife River provided notice to the plan administrator under one of the multiemployer pension plans to which Knife River is a party that it was withdrawing from the plan effective October 26, 2014. The plan administrator will determine Knife River's withdrawal liability, which the Company currently estimates at approximately $14 million (approximately $8.4 million after tax). Actual withdrawal liability costs may be significantly different.

On October 31, 2014, the Company’s board of directors approved a plan to market the Company’s Fidelity assets and potentially exit the oil and natural gas exploration and production business. During the marketing and sales process, Fidelity intends to focus on production and continue to develop its acreage. The Company believes that the potential sale of the Fidelity assets will allow it to focus on growing its utility, pipeline and construction businesses and lower its overall business-risk profile.