v2.4.0.6

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Provision for Income Taxes

Our provision for income taxes comprised the following (in thousands):

		Years Ended December 31,
		2012				2011				2010
Deferred:
Federal		$	3,359			$	3,199			$	3,917
State			(21	)			289				183
Total deferred provision for income taxes		$	3,338			$	3,488			$	4,100

Total Income Tax Expense Differed from Amounts Computed by Applying U.S. Federal Statutory Tax Rates to Pre-Tax Income

Total income tax expense differed from the amounts computed by applying the U.S. Federal statutory tax rates to pre-tax income (in thousands):

		Years Ended December 31,
		2012				2011				2010
Statutory tax at 34%		$	3,306			$	3,648			$	3,931
State taxes, net of federal impact			(21	)			289				184
Permanent differences(1)			53				(289	)			53
Other differences			—				(160	)			(68	)
Total		$	3,338			$	3,488			$	4,100

(1) Amounts primarily relate to share-based compensation expense and stock option exercises.

Components of Deferred Tax Assets and Liabilities Computing Deferred Taxes, Net

Significant components of net deferred tax assets and liabilities are (in thousands):

		Years Ended December  31,
		2012				2011
Deferred tax assets:
Net operating loss carryforwards		$	27,353			$	31,052
Unrealized loss on commodity derivatives			—				504
Other			542				866
Total deferred tax assets			27,895				32,422
Deferred tax liabilities:
Difference in depreciation, depletion and capitalization methods—oil and gas properties			(76,170	)			(78,174	)
Unrealized gain on commodity derivatives			(849	)			—
Total deferred tax liabilities			(77,019	)			(78,174	)
Net deferred tax liability		$	(49,124	)		$	(45,752	)

Net Operating Loss Carryforwards for Tax Purposes

Net operating loss carryforwards for tax purposes have the following expiration dates (in thousands):

Expiration Dates		Amounts				Stock Option Adjustments				Total
2023		$	1,523			$	—			$	1,523
2024			1,082				—				1,082
2025			2,594				—				2,594
2026			1,683				—				1,683
2027			1,020				—				1,020
2028			1,308				—				1,308
2029			3,299				—				3,299
2030			12,605				750				13,355
2031			18,642				2,984				21,626
2032			34,673				1,043				35,716
Total		$	78,429			$	4,777			$	83,206

X

- Definition

Components of deferred tax assets and liabilities computing deferred taxes, net.

+ References

No definition available.

+ Details

Name:	arex_SignificantComponentsOfNetDeferredTaxAssetAndLiabilityTableTextBlock
Namespace Prefix:	arex_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 48

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration