Shareholders' Equity and Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2011

Reconciliation of the Carrying Amounts of Shareholders' Equity

The following table is a reconciliation of the carrying amounts of total shareholders’ equity attributable to Penn Virginia and shareholders’ equity attributable to the noncontrolling interests in PVG for the periods presented:

	Penn Virginia			Noncontrolling
	Corporation			Interests in			Total
	Shareholders'			Discontinued			Shareholders'			Comprehensive
	Equity			Operations			Equity			Income (Loss)
Balance as of December 31, 2010	$	980,276		$	-		$	980,276
Dividends paid ($0.1125 per share)		(5,156	)		-			(5,156	)
Other changes to shareholders' equity		4,677			-			4,677
Comprehensive income:
Net loss		(98,258	)		-			(98,258	)	$	(98,258	)
Other, net of tax		68			-			68			68
Balance as of June 30, 2011	$	881,607		$	-		$	881,607		$	(98,190	)
Balance as of December 31, 2009	$	908,088		$	329,911		$	1,237,999
Dividends paid ($0.1125 per share)		(5,131	)		-			(5,131	)
Distributions to noncontrolling interest holders		-			(49,566	)		(49,566	)
Sale of PVG units, net of tax		82,102			70,188			152,290
Deconsolidation of PVG		-			(382,324	)		(382,324	)
Other changes to shareholders' equity		5,286			3,119			8,405
Comprehensive income:
Net income		44,673			28,090			72,763		$	72,763
Hedging reclassification adjustment		-			582			582			582
Other, net of tax		(204	)		-			(204	)		(204	)
Balance as of June 30, 2010	$	1,034,814		$	-		$	1,034,814		$	73,141