XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Assets Held for Sale and Discontinued Operations | 6 Months Ended
--- | ---
Jun. 30, 2018
Assets Held for Sale and Discontinued Operations |
Assets Held for Sale and Discontinued Operations | Note 10 Assets Held for Sale and Discontinued Operations Assets Held for Sale Assets held for sale as of June 30, 2018 and December 31, 2017 was $36.0 million and $37.1 million, respectively. These assets consisted primarily of our oil and gas holdings which are mainly in the Horn River basin in western Canada of $24.8 million and $25.9 million, respectively, as of the periods noted above and the operating results have been reflected in discontinued operations. The remainder represents assets that meet the criteria to be classified as assets held for sale, but do not represent a disposal of a component of an entity or a group of components of an entity representing a strategic shift that has or will have a major effect on the entity's operations and financial results. The carrying value of our assets held for sale represents the lower of carrying value or fair value less costs to sell. We continue to market these properties at prices that are reasonable compared to current fair value. We have contracts with pipeline companies to pay specified fees based on committed volumes for gas transport and processing associated with these properties held for sale. At June 30, 2018, our undiscounted contractual commitments for these contracts approximated $7.0 million and we had liabilities of $5.5 million, all of which was classified as current and included in accrued liabilities. At December 31, 2017, our undiscounted contractual commitments for these contracts approximated $11.2 million and we had liabilities of $8.5 million, $6.1 million of which were classified as current and were included in accrued liabilities. The amounts at each balance sheet date represented our best estimate of the fair value of the excess capacity of the pipeline commitments calculated using a discounted cash flow model, when considering our disposal plan, current production levels, natural gas prices and expected utilization of the pipeline over the remaining contractual term. Decreases in actual production or natural gas prices could result in future charges related to excess pipeline commitments. Discontinued Operations Our condensed statements of income (loss) from discontinued operations were as follows:
|  |  | Three Months Ended |  | Six Months Ended |
|  |  | June 30, |  | June 30, |
|  |  | 2018 |  |  | 2017 |  | 2018 |  |  | 2017 |
| (In thousands)
Operating revenues (1) |  |  | $ | 973 |  |  | $ | 2,060 |  | $ | 2,616 |  |  | $ | 4,094 |
Income (loss) from Oil & Gas discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations |  |  | $ | (723) |  |  | $ | 20 |  | $ | (1,175) |  |  | $ | (570) |
Less: Impairment charges or other (gains) and losses on sale of wholly owned assets |  |  |  | 115 |  |  |  | 16,539 | (2) |  | 151 |  |  |  | 16,559 | (2)
Less: Income tax expense (benefit) |  |  |  | (254) |  |  |  | (1,015) |  |  | (667) |  |  |  | (1,186) |
Income (loss) from Oil and Gas discontinued operations, net of tax |  |  | $ | (584) |  |  | $ | (15,504) |  | $ | (659) |  |  | $ | (15,943) |
| (1) |  | Reflects operating revenues of our historical oil and gas operating segment.
| (2) |  | Includes a charge of $16.5 million related to the settlement of litigation associated with our previously owned Ramshorn International properties.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration