Shareholders' Equity and Comprehensive Income (Tables)

9 Months Ended

Sep. 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 ($0.16875 per share)		(7,736	)		-			(7,736	)
Other changes to shareholders' equity		6,697			-			6,697
Comprehensive income:
Net loss		(104,976	)		-			(104,976	)	$	(104,976	)
Other, net of tax		102			-			102			102
Balance as of September 30, 2011	$	874,363		$	-		$	874,363		$	(104,874	)
Balance as of December 31, 2009	$	908,088		$	329,911		$	1,237,999
Dividends paid ($0.16875 per share)		(7,700	)		-			(7,700	)
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		6,061			3,119			9,180
Comprehensive income:
Net income		14,514			28,090			42,604		$	42,604
Hedging reclassification adjustment		-			582			582			582
Other, net of tax		(174	)		-			(174	)		(174	)
Balance as of September 30, 2010	$	1,002,891		$	-		$	1,002,891		$	43,012