Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

	Three months ended
	March 31,
(in thousands, except per share data)	2014			2013
Oil and gas revenues	$	4,821		$	18,663
Pretax income (loss) from discontinued operations	$	(2,078	)	$	3,168
Income tax expense (benefit)	(952		)	1,170
Income (Loss) From Discontinued Operations	$	(1,126	)	$	1,998
Loss on disposal of discontinued operations	$	(1,667	)	$	—
Income tax benefit	(617		)	—
Loss on Disposal of Discontinued Operations	$	(1,050	)	$	—
Total Income (Loss) From Discontinued Operations	$	(2,176	)	$	1,998
Diluted Earnings Per Average Common Share
Income (Loss) from Discontinued Operations	$	(0.02	)	$	0.03
Loss on Disposal of Discontinued Operations	(0.01		)	—
Total Income (Loss) From Discontinued Operations	$	(0.03	)	$	0.03
Basic Earnings Per Average Common Share
Income (Loss) from Discontinued Operations	$	(0.02	)	$	0.03
Loss on Disposal of Discontinued Operations	(0.01		)	—
Total Income (Loss) From Discontinued Operations	$	(0.03	)	$	0.03

The following table details held-for-sale properties by major classes of assets and liabilities:

(in thousands)	March 31, 2014
	Black Warrior Basin			North Louisiana/East Texas			Total
Accounts receivable	$	—		$	1,670		$	1,670
Inventories	—			68			68
Other property, net	—			133			133
Total assets held-for-sale	—			1,871			1,871
Accounts payable	(2,172		)	(10		)	(2,182		)
Royalty payable	—			(1,221		)	(1,221		)
Other current liabilities	—			(7		)	(7		)
Total liabilities held-for-sale	(2,172		)	(1,238		)	(3,410		)
Total net held-for-sale properties	$	(2,172	)	$	633		$	(1,539	)