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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2011
Accounting Policies [Abstract]  
Inventories
 
2011

 
2010

 
(In thousands)
Aggregates held for resale
$
78,518

 
$
79,894

Materials and supplies
61,611

 
57,324

Natural gas in storage (current)
36,578

 
34,557

Asphalt oil
32,335

 
25,234

Merchandise for resale
32,165

 
30,182

Other
32,998

 
25,706

Total
$
274,205

 
$
252,897

Property, plant and equipment
 
2011

 
2010

 
Weighted Average
Depreciable Life in
 Years

 
(Dollars in thousands, where applicable)
Regulated:
 
 
 
 
 
Electric:
 
 
 
 
 
Generation
$
546,783

 
$
538,071

 
47

Distribution
255,232

 
243,205

 
36

Transmission
179,580

 
161,972

 
44

Other
86,929

 
83,786

 
13

Natural gas distribution:


 


 


Distribution
1,257,360

 
1,223,239

 
38

Other
311,506

 
285,606

 
23

Pipeline and energy services:


 


 


Transmission
386,227

 
357,395

 
52

Gathering
42,378

 
41,931

 
19

Storage
41,908

 
33,967

 
51

Other
36,179

 
33,938

 
29

Nonregulated:


 


 


Pipeline and energy services:


 


 


Gathering
198,864

 
203,064

 
17

Other
13,735

 
13,512

 
10

Exploration and production:


 


 


Natural gas and oil properties
2,577,576

 
2,320,967

 
*

Other
37,570

 
35,971

 
9

Construction materials and contracting:


 


 


Land
126,790

 
124,018

 

Buildings and improvements
67,627

 
65,003

 
20

Machinery, vehicles and equipment
902,136

 
899,365

 
12

Construction in progress
8,085

 
4,879

 

Aggregate reserves
395,214

 
393,110

 
**

Construction services:


 


 


Land
4,706

 
4,526

 

Buildings and improvements
15,001

 
14,101

 
22

Machinery, vehicles and equipment
95,891

 
94,252

 
7

Other
9,198

 
10,061

 
4

Other:


 


 


Land
2,837

 
2,837

 

Other
46,910

 
29,727

 
24

Less accumulated depreciation, depletion and amortization
3,361,208

 
3,103,323

 


Net property, plant and equipment
$
4,285,014

 
$
4,115,180

 



  *  Amortized on the units-of-production method based on total proved reserves at an Mcf equivalent average rate of $2.04, $1.77 and $1.64 for the years ended December 31, 2011, 2010 and 2009, respectively. Includes natural gas and oil properties accounted for under the full-cost method, of which $232.5 and $182.4 million were excluded from amortization at December 31, 2011 and 2010, respectively.
** Depleted on the units-of-production method.
Summary of natural gas and oil properties not subject to amortization
The following table summarizes the Company's natural gas and oil properties not subject to amortization at December 31, 2011, in total and by the year in which such costs were incurred:
 
 
 
Year Costs Incurred
 
Total

 
2011

 
2010

 
2009

 
2008 and prior

 
(In thousands)
Acquisition
$
185,773

 
$
50,721

 
$
71,315

 
$
988

 
$
62,749

Development
9,938

 
9,689

 
156

 
2

 
91

Exploration
27,439

 
24,389

 
2,710

 
72

 
268

Capitalized interest
9,312

 
3,539

 
3,096

 
44

 
2,633

Total costs not subject to amortization
$
232,462

 
$
88,338

 
$
77,277

 
$
1,106

 
$
65,741

Schedule of Earnings Per Share Reconciliation [Table Text Block]
Net income was the same for both the basic and diluted earnings per share calculations. A reconciliation of the weighted average common shares outstanding used in the basic and diluted earnings per share calculation was as follows:

 
2011

2010

2009

*
 
(In thousands)
 
Weighted average common shares outstanding - basic
188,763

188,137

185,175

 
Effect of dilutive stock options and performance share awards
142

92


 
Weighted average common shares outstanding - diluted
188,905

188,229

185,175

 
* Due to the loss on common stock, 825 outstanding stock options, 18 restricted stock grants and 656 performance share awards were excluded from the computation of diluted loss per common share as their effect was antidilutive.
Cash expenditures for interest and income taxes
Cash expenditures for interest and income taxes were as follows:

Years ended December 31,
2011

 
2010

 
2009

 
(In thousands)
Interest, net of amount capitalized
$
78,133

 
$
80,962

 
$
81,267

Income taxes paid (refunded), net
$
(12,287
)
 
$
46,892

 
$
39,807

Components of other comprehensive income (loss) and their related tax effects
The components of other comprehensive loss, and their related tax effects for the years ended December 31 were as follows:

 
2011

 
2010

 
2009

 
(In thousands)
Other comprehensive loss:
 
 
 
 
 
Net unrealized gain (loss) on derivative instruments qualifying as hedges:
 
 
 
 
 
Net unrealized gain (loss) on derivative instruments arising during the period, net of tax of $4,683, $(1,867) and $(2,509) in 2011, 2010 and 2009, respectively
$
7,900

 
$
(3,077
)
 
$
(4,094
)
Less: Reclassification adjustment for gain (loss) on derivative instruments included in net income, net of tax of $0, $(2,305) and $29,170 in 2011, 2010 and 2009, respectively

 
(3,750
)
 
47,590

Net unrealized gain (loss) on derivative instruments qualifying as hedges
7,900

 
673

 
(51,684
)
Postretirement liability adjustment, net of tax of $(13,573), $(3,609) and $6,291 in 2011, 2010 and 2009, respectively
(22,427
)
 
(5,730
)
 
9,918

Foreign currency translation adjustment, net of tax of $(832), $(3,486) and $6,814 in 2011, 2010 and 2009, respectively
(1,295
)
 
(5,371
)
 
10,568

Net unrealized gains on available-for-sale investments, net of tax of $44 in 2011
82

 

 

Total other comprehensive loss
$
(15,740
)
 
$
(10,428
)
 
$
(31,198
)
After-tax components of accumulated other comprehensive income (loss)
The after-tax components of accumulated other comprehensive loss as of December 31, 2011, 2010 and 2009, were as follows:

 
Net Unrealized Gain (Loss) on Derivative
 Instruments
 Qualifying as Hedges

 
Postretirement
 Liability Adjustment

 
Foreign Currency
 Translation
 Adjustment

 
Net Unrealized Gains on Available-for-sale Investments

 
Total Accumulated
 Other
Comprehensive
 Loss

 
(In thousands)
Balance at December 31, 2009
$
(2,298
)
 
$
(25,163
)
 
$
6,628

 
$

 
$
(20,833
)
Balance at December 31, 2010
$
(1,625
)
 
$
(30,893
)
 
$
1,257

 
$

 
$
(31,261
)
Balance at December 31, 2011
$
6,275

 
$
(53,320
)
 
$
(38
)
 
$
82

 
$
(47,001
)