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Restatement of Previously Issued Financial Statements (Tables)
 3 Months Ended
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