Supplementary Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2013

Supplementary Quarterly Financial Data (Unaudited)

(11) Supplementary Quarterly Financial Data (Unaudited)

	2012
	First			Second			Third			Fourth			Total
	(In thousands, except per share data)
Total oil and gas sales	$	103,772		$	90,329		$	97,141		$	93,572		$	384,814
Operating loss	$	(1,432	)	$	(11,539	)	$	(28,831	)	$	(102,826	)	$	(144,628	)
Income (loss) from continuing operations	$	1,417		$	16,710		$	(44,212	)	$	(76,994	)	$	(103,079	)
Income (loss) from discontinued operations	$	(42	)	$	(9,545	)	$	13,763		$	(1,157	)	$	3,019
Net income (loss)	$	1,375		$	7,165		$	(30,449	)	$	(78,151	)	$	(100,060	)
Basic net income (loss) per share:
Continuing operations	$	0.03		$	0.35		$	(0.95	)	$	(1.66	)	$	(2.22	)
Discontinued operations	$	—		$	(0.20	)	$	0.29		$	(0.02	)	$	0.06
Total	$	0.03		$	0.15		$	(0.66	)	$	(1.68	)	$	(2.16	)
Diluted net income (loss) per share:
Continuing operations	$	0.03		$	0.35		$	(0.95	)	$	(1.66	)	$	(2.22	)
Discontinued operations	$	—		$	(0.20	)	$	0.29		$	(0.02	)	$	0.06
Total	$	0.03		$	0.15		$	(0.66	)	$	(1.68	)	$	(2.16	)

	2013
	First			Second			Third			Fourth			Total
	(In thousands, except per share data)
Total oil and gas sales	$	95,020		$	107,820		$	111,590		$	105,860		$	420,290
Operating loss	$	(20,856	)	$	(18,004	)	$	(9,086	)	$	(24,386	)	$	(72,332	)
Loss from continuing operations	$	(24,517	)	$	(21,531	)	$	(24,034	)	$	(36,641	)	$	(106,723	)
Income (Loss) from discontinued operations	$	(2,627	)	$	151,236		$	—		$	(857	)	$	147,752
Net income (loss)	$	(27,144	)	$	129,705		$	(24,034	)	$	(37,498	)	$	41,029
Basic net income (loss) per share:
Continuing operations	$	(0.52	)	$	(0.45	)	$	(0.52	)	$	(0.80	)	$	(2.22	)
Discontinued operations	$	(0.06	)	$	3.13		$	—		$	(0.02	)	$	3.07
Total	$	(0.58	)	$	2.68		$	(0.52	)	$	(0.82	)	$	0.85
Diluted net income (loss) per share:
Continuing operations	$	(0.52	)	$	(0.45	)	$	(0.52	)	$	(0.80	)	$	(2.22	)
Discontinued operations	$	(0.06	)	$	3.13		$	—		$	(0.02	)	$	3.07
Total	$	(0.58	)	$	2.68		$	(0.52	)	$	(0.82	)	$	0.85

Basic and diluted per share amounts are the same for each of the quarters ended September 30, 2012, December 31, 2012, March 31, 2013, June 30, 2013, September 30, 2013, December 31, 2013 and for the years ended December 31, 2012 and 2013 due to the net loss from continuing operations reported during each of these periods.

Results of continuing operations include the following non-routine items of income (expense), which are presented before the effect of income taxes:

	2012
	First			Second			Third			Fourth			Total
	(In thousands, except per share data)
Gain on sales of oil and gas properties	$	6,727		$	20,338		$	(2,794	)	$	—		$	24,271
Gain on sales of marketable securities	$	26,621		$	—		$	—		$	—		$	26,621
Impairments of unproved oil and gas properties	$	(1,315	)	$	—		$	(1,370	)	$	(58,615	)	$	(61,300	)
Impairments of proved oil and gas properties	$	(49	)	$	(5,301	)	$	—		$	(20,018	)	$	(25,368	)

	2013
	First			Second			Third			Fourth			Total
	(In thousands, except per share data)
Gain (loss) on sale of oil and gas properties	$	—		$	81		$	(2,165	)	$	51		$	(2,033	)
Gain on sales of marketable securities	$	7,877		$	—		$	—		$	—		$	7,877
Loss on early extinguishment of debt	$	—		$	—		$	—		$	(17,854	)	$	(17,854	)
Impairments of unproved oil and gas properties	$	(2,443	)	$	(9,465	)	$	(2,995	)	$	(18,081	)	$	(32,984	)
Impairments of proved oil and gas properties	$	—		$	(652	)	$	—		$	—		$	(652	)