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Restatement of Previously Issued Financial Statements (Tables) | 3 Months Ended
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Mar. 31, 2014
Accounting Changes and Error Corrections [Abstract] |
Schedule of impact of accounting errors on previously reported balances | The following table presents the impact of the error corrections on the Company’s previously reported unaudited condensed consolidated statements of cash flows for the three-month periods ended March 31, 2014 and 2013 (in thousands):
|  | Three Months Ended March 31, 2014 |  | Three Months Ended March 31, 2013
|  | As Reported |  | As Restated |  | As Reported |  | As Restated
Net loss |  | $ | (134,085 | ) |  | $ | (142,406 | ) |  | $ | (531,259 | ) |  | $ | (539,215 | )
Changes in operating assets and liabilities |  | $ | (89,468 | ) |  | $ | (81,147 | ) |  | $ | (56,921 | ) |  | $ | (48,965 | )
The following table presents the impact of the error corrections on the Company’s previously reported unaudited condensed consolidated statements of operations for the three-month periods ended March 31, 2014 and 2013 (in thousands):
|  | Three Months Ended March 31, 2014 |  | Three Months Ended March 31, 2013
|  | As Reported |  | As Restated |  | As Reported |  | As Restated
Production |  | $ | 98,535 |  |  | $ | 106,856 |  |  | $ | 132,501 |  |  | $ | 140,457 |
Total expenses |  | $ | 517,065 |  |  | $ | 525,386 |  |  | $ | 871,216 |  |  | $ | 879,172 |
Loss from operations |  | $ | (74,009 | ) |  | $ | (82,330 | ) |  | $ | (359,526 | ) |  | $ | (367,482 | )
Loss before income taxes |  | $ | (133,958 | ) |  | $ | (142,279 | ) |  | $ | (526,830 | ) |  | $ | (534,786 | )
Net loss |  | $ | (134,085 | ) |  | $ | (142,406 | ) |  | $ | (531,259 | ) |  | $ | (539,215 | )
Net loss attributable to SandRidge Energy, Inc. |  | $ | (128,015 | ) |  | $ | (136,336 | ) |  | $ | (479,340 | ) |  | $ | (487,296 | )
Loss applicable to SandRidge Energy, Inc. common stockholders |  | $ | (141,896 | ) |  | $ | (150,217 | ) |  | $ | (493,221 | ) |  | $ | (501,177 | )
Loss per share |  |  |  |  |  |  |  |
Basic |  | $ | (0.29 | ) |  | $ | (0.31 | ) |  | $ | (1.03 | ) |  | $ | (1.05 | )
Diluted |  | $ | (0.29 | ) |  | $ | (0.31 | ) |  | $ | (1.03 | ) |  | $ | (1.05 | )
The following tables present the impact of these adjustments on the Company’s previously reported condensed consolidated balance sheets as of March 31, 2014 and December 31, 2013 (in thousands):
| March 31, 2014
| As Reported |  | As Restated
Current assets |  |  |
Costs in excess of billings and contract loss | $ | 4,144 |  |  | $ | — |
Other current assets | $ | 25,823 |  |  | $ | 29,967 |
Current liabilities |  |  |
Accounts payable and accrued expenses | $ | 581,764 |  |  | $ | 590,085 |
Total current liabilities | $ | 612,406 |  |  | $ | 620,727 |
Total liabilities | $ | 3,880,718 |  |  | $ | 3,889,039 |
Equity |  |  |
Accumulated deficit | $ | (3,602,358 | ) |  | $ | (3,610,679 | )
Total SandRidge Energy, Inc. stockholders’ equity | $ | 1,689,538 |  |  | $ | 1,681,217 |
Total equity | $ | 2,997,539 |  |  | $ | 2,989,218 |
| December 31, 2013
| As Reported |  | As Revised
Current assets |  |  |
Costs in excess of billings and contract loss | $ | 4,079 |  |  | $ | — |
Other current assets | $ | 21,831 |  |  | $ | 25,910 |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22644-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22663-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22658-107794 + Details
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