Acquisitions Divestitures (Tables)

12 Months Ended

Dec. 31, 2019

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

A summary of discontinued operations presented in the consolidated statements of income includes the following:

	For the Year Ended December 31,
(in thousands)	2019			2018			2017
Operating revenues(1)	$	161,289		$	258,713		$	184,519
Cost of sales(1)	157,646			252,111			182,307
Other operating expenses	5,222			6,825			4,522
Operating loss	(1,579		)	(223		)	(2,310		)
Interest and other expense	315			297			253
Loss from Discontinued Operations before income taxes	(1,894		)	(520		)	(2,563		)
Gain on sale of Discontinued Operations	7,344			—			—
Income tax (benefit) / expense	1,439			(238		)	(361		)
Gain / (Loss) from Discontinued Operations, Net of Tax	$	4,011		$	(282	)	$	(2,202	)

⁽¹⁾ Included in operating revenues and cost of sales for the years ended December 31, 2019, 2018 and 2017, is $19.8 million, $31.5 million and $16.6 million respectively, representing amounts which had been previously eliminated in consolidation related to intercompany activity that will continue with the buyers after the disposition of the assets of PESCO.

Disclosure of Long Lived Assets Held-for-sale [Table Text Block]

The assets and liabilities of the discontinued operations classified as held for sale in the consolidated balance sheet at December 31, 2018 include the following:

	As of
(in thousands)	December 31, 2018
Property, plant and equipment	$	1,242
Less: accumulated depreciation	(206		)
Net property, plant and equipment (1)	1,036
Current assets (2)	52,681
Deferred charges and other assets (1)	6,626
Assets of Discontinued Operations held for sale	$	60,343
Current liabilities (3)	$	48,672
Liabilities of Discontinued Operations held for sale	$	48,672
Net assets	$	11,671

⁽¹⁾ These balances have been combined within the consolidated balance sheets to arrive at noncurrent assets held for sale.

⁽²⁾ At December 31, 2018, current assets were primarily comprised of $31.1 million of accounts receivable, $13.1 million of derivative assets at fair value, $4.9 million of accrued revenue and $3.2 million of storage gas prepayments.

⁽³⁾ At December 31, 2018, current liabilities were primarily comprised of $31.1 million of accounts payable, $13.3 million of derivative liabilities at fair value and $2.7 million of other accrued liabilities.

Discontinued Operations [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Discontinued Operations Supplemental Cash Flows Schedule [Table Text Block]

The following table summarizes significant statements of cash flows data related to the discontinued operations of PESCO:

	For the Year Ended December 31,
(in thousands)	2019			2018		2017
Depreciation and amortization	$	477		$	582	$	213
Property, plant and equipment expenditures	—			115		11,766
Deferred income taxes	(125		)	1,088		(1,515		)
Realized / (loss) gain on commodity contracts	(2,161		)	5,002		4,911