XML 68 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
 12 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Revenues:    
Oil and natural gas $ 20,298,000us-gaap_OilAndGasSalesRevenue $ 21,376,000us-gaap_OilAndGasSalesRevenue
Contract drilling 6,287,000us-gaap_ContractsRevenue 2,338,000us-gaap_ContractsRevenue
Sale of interest in leasehold land, net 636,000brn_SaleOfInterestInLeaseholdLandNet 282,000brn_SaleOfInterestInLeaseholdLandNet
Gain on sale of investments 3,399,000us-gaap_GainOnSaleOfInvestments  
Gas processing and other 825,000brn_GasGatheringTransportationMarketingProcessingAndOtherRevenueNet 612,000brn_GasGatheringTransportationMarketingProcessingAndOtherRevenueNet
Total revenues 31,445,000us-gaap_Revenues 24,608,000us-gaap_Revenues
Costs and expenses:    
Oil and natural gas operating 8,914,000us-gaap_CostOfGoodsSoldOilAndGas 9,992,000us-gaap_CostOfGoodsSoldOilAndGas
Contract drilling operating 5,026,000us-gaap_ContractRevenueCost 2,239,000us-gaap_ContractRevenueCost
General and administrative 8,026,000us-gaap_GeneralAndAdministrativeExpense 8,911,000us-gaap_GeneralAndAdministrativeExpense
Depletion, depreciation, and amortization 6,391,000us-gaap_DepreciationDepletionAndAmortization 8,542,000us-gaap_DepreciationDepletionAndAmortization
Reduction of carrying value of assets   4,506,000us-gaap_AssetImpairmentCharges
Interest expense 664,000us-gaap_InterestExpense 587,000us-gaap_InterestExpense
Total costs and expenses 29,021,000us-gaap_CostsAndExpenses 34,777,000us-gaap_CostsAndExpenses
Income (loss) before equity in loss of affiliates and income taxes 2,424,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (10,169,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Equity in loss of affiliates (482,000)us-gaap_IncomeLossFromEquityMethodInvestments  
Income (loss) before income taxes 1,942,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (10,169,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax provision (benefit) 604,000us-gaap_IncomeTaxExpenseBenefit (1,497,000)us-gaap_IncomeTaxExpenseBenefit
Net earnings (loss) 1,338,000us-gaap_ProfitLoss (8,672,000)us-gaap_ProfitLoss
Less: Net earnings (loss) attributable to non-controlling interests 666,000us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (109,000)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net earnings (loss) attributable to Barnwell Industries, Inc. stockholders $ 672,000us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (8,563,000)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic net earnings (loss) per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ 0.08us-gaap_EarningsPerShareBasic $ (1.03)us-gaap_EarningsPerShareBasic
Diluted net earnings (loss) per common share attributable to Barnwell Industries, Inc. stockholders (in dollars per share) $ 0.08us-gaap_EarningsPerShareDiluted $ (1.03)us-gaap_EarningsPerShareDiluted
Weighted-average number of common shares outstanding:    
Basic (in shares) 8,277,160us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 8,277,160us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 8,278,292us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 8,277,160us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding