XML 57 R44.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Earnings (Loss) per Share) (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Earnings Per Share                      
Net earnings (loss) $ (286,533) [1] $ (458,552) [1] $ (511,173) [1] $ (32,673) [1] $ 19,467 [1] $ 87,718 [1] $ 38,974 [1] $ (3,330) [1] $ (1,288,931) $ 142,829 $ 227,521
Net earnings attributable to noncontrolling interest                 0 (4,987) 0
Net earnings attributable to participating securities                 0 (2,858) (4,482)
Net earnings (loss) attributable to common stock for basic earnings (loss) per share                 (1,288,931) 134,984 223,039
Adjustment for liability classified stock-based compensation awards                 0 (707) 500
Net earnings (loss) for diluted earnings (loss) per share                 (1,288,931) 134,277 223,539
Weighted Average Number of Shares Outstanding Reconciliation                      
Weighted average common shares outstanding during the period for basic earnings (loss) per share (in shares)                 114,958 111,690 110,809
Dilutive effects of potential common shares (in shares)                 0 1,178 689
Weighted average common shares outstanding during the period, including the effects of dilutive potential common shares, for diluted earnings (loss) per share (in shares)                 114,958 112,868 111,498
Continuing Operations
                     
Earnings Per Share                      
Net earnings (loss)                 (1,288,931) 98,260 189,662
Net earnings attributable to noncontrolling interest                 0 0 0
Net earnings attributable to participating securities                 0 (2,037) (3,736)
Net earnings (loss) attributable to common stock for basic earnings (loss) per share                 (1,288,931) 96,223 185,926
Adjustment for liability classified stock-based compensation awards                 0 0 0
Net earnings (loss) for diluted earnings (loss) per share                 (1,288,931) 96,223 185,926
Discontinued Operations
                     
Earnings Per Share                      
Net earnings (loss)                 0 44,569 37,859
Net earnings attributable to noncontrolling interest                 0 (4,987) 0
Net earnings attributable to participating securities                 0 (821) (746)
Net earnings (loss) attributable to common stock for basic earnings (loss) per share                 0 38,761 37,113
Adjustment for liability classified stock-based compensation awards                 0 (707) 500
Net earnings (loss) for diluted earnings (loss) per share                 $ 0 $ 38,054 $ 37,613
[1] Earnings (loss) before income taxes, net earnings (loss), and net earnings (loss) attributable to Forest Oil Corporation common shareholders have been impacted by non-cash ceiling test write-downs in every quarter of 2012 as discussed in Note 1 and are also subject to large fluctuations due to Forest’s election not to use cash flow hedge accounting for derivative instruments as discussed in Note 9.