Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

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

Years ended December 31, (in thousands, except per share data)	2013		2012			2011
Oil and gas revenues	$	60,191	$	76,350		$	110,366
Pretax income (loss) from discontinued operations	$	10,028	$	(2,373	)	$	54,698
Income tax expense (benefit)	2,215		(715		)	19,379
Income (Loss) From Discontinued Operations	$	7,813	$	(1,658	)	$	35,319
Gain on disposal of discontinued operations, net	$	5,605	$	—		$	—
Income tax expense	2,011		—			—
Gain on Disposal of Discontinued Operations, net	$	3,594	$	—		$	—
Total Income (Loss) From Discontinued Operations	$	11,407	$	(1,658	)	$	35,319
Diluted Earnings Per Average Common Share
Income (Loss) from Discontinued Operations	$	0.10	$	(0.02	)	$	0.49
Gain on Disposal of Discontinued Operations, net	0.05		—			—
Total Income (Loss) From Discontinued Operations	$	0.15	$	(0.02	)	$	0.49
Basic Earnings Per Average Common Share
Income (Loss) from Discontinued Operations	$	0.11	$	(0.02	)	$	0.49
Gain on Disposal of Discontinued Operations, net	0.05		—			—
Total Income (Loss) From Discontinued Operations	$	0.16	$	(0.02	)	$	0.49

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

(in thousands)	December 31, 2013
	Black Warrior Basin			North Louisiana/East Texas			Total
Accounts receivable	$	2,829		$	1,272		$	4,101
Inventories	—			68			68
Oil and gas properties	—			348,379			348,379
Less accumulated depreciation, depletion and amortization	—			(301,609		)	(301,609		)
Other property, net	—			165			165
Total assets held-for-sale	2,829			48,275			51,104
Accounts payable	(1,732		)	(11		)	(1,743		)
Royalty payable	(550		)	(869		)	(1,419		)
Other current liabilities	(379		)	(21		)	(400		)
Other long-term liabilities	—			(14,983		)	(14,983		)
Total liabilities held-for-sale	(2,661		)	(15,884		)	(18,545		)
Total held-for-sale properties	$	168		$	32,391		$	32,559