Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Reconciliation of Components of Basic and Diluted Net Income Per Common Share

The following table provides a reconciliation of components of basic and diluted net income per common share:

	For the Three Months Ended
	March 31,
	2019		2018
	(Share amounts in 000's)
Net income	$	40,674	$	47,493
Weighted average common shares outstanding - basic		197,383		196,550
Effect of dilutive instruments		418		—
Weighted average common shares outstanding - diluted		197,801		196,550
Net income per common share - basic	$	0.21	$	0.24
Net income per common share - fully diluted	$	0.21	$	0.24

ASC 842

Schedule of Cumulative Impact of Adoption of ASC 842 Using Retrospective Approach

The following table reflects the cumulative impact of the adoption of ASC 842 using the modified retrospective approach.

	December 31, 2018 as reported			Impact of ASC 842			January 1, 2019 as adjusted
	(Amounts in thousands)
Long-term right-of-use assets	$	—		$	130,649		$	130,649
Total assets		1,733,288			130,649			1,863,937
Lease liabilities (current)		—			11,141			11,141
Deferred gain on sale of liquids gathering system		94,636			(94,636	)		—
Long-term lease liabilities		—			121,326			121,326
Total liabilities		2,781,910			37,831			2,819,741
Retained earnings (loss)		(3,186,016	)		92,818			(3,093,198	)
Total stockholders' equity (deficit)		(1,048,622	)		92,818			(955,804	)
Total liabilities and stockholders' equity (deficit)		1,733,288			130,649			1,863,937