XML 30 R104.htm IDEA: XBRL DOCUMENT v2.4.0.6
Supplemental Quarterly Financial Information (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified
1 Months Ended 12 Months Ended
Jun. 30, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Quarterly Financial Information [Line Items]        
Revenues   $ 306,005 $ 254,438 $ 235,206
Operating income (loss)   (155,419) (98,808) (205,346)
Net income (loss) per share - Basic   $ (2.90) $ (0.19) $ (2.62)
Gain on sale of discontinued operations, net of tax 51,546   51,546  
Net income (loss) per share - Diluted   $ (2.90) $ (0.19) $ (2.62)
Income (loss) attributable to Penn Virginia Corp.   (132,915) (8,423) (114,643)
Earnings (loss) per share - Basic        
Continuing operations   $ (2.90) $ (1.44) $ (2.99)
Discontinued operations     $ 0.12 $ 0.37
Gain on sale of discontinued operations     $ 1.13  
Net income (loss) per share - Basic   $ (2.90) $ (0.19) $ (2.62)
Earnings (loss) per share - Diluted        
Continuing operations   $ (2.90) $ (1.44) $ (2.99)
Discontinued operations     $ 0.12 $ 0.37
Gain on sale of discontinued operations     $ 1.13  
Net income (loss) per share - Diluted   $ (2.90) $ (0.19) $ (2.62)
Weighted-average shares outstanding:        
Basic   45,784 45,553 43,811
Diluted   45,784 45,553 43,811
First Quarter
       
Quarterly Financial Information [Line Items]        
Revenues   68,583 67,878  
Operating income (loss)   (28,529) [1] 92 [2]  
Net loss from continuing operations   (26,340) 10,766  
Income (loss) from discontinued operations, net of tax     12,174  
Net income (loss) per share - Basic   $ (0.58) [3] $ 0.30 [3]  
Net income (loss) per share - Diluted   $ (0.58) [3] $ 0.30 [3]  
Income (loss) attributable to Penn Virginia Corp.     13,594  
Earnings (loss) per share - Basic        
Continuing operations     $ 0.24  
Discontinued operations     $ 0.06  
Net income (loss) per share - Basic   $ (0.58) [3] $ 0.30 [3]  
Earnings (loss) per share - Diluted        
Continuing operations     $ 0.24  
Discontinued operations     $ 0.06  
Net income (loss) per share - Diluted   $ (0.58) [3] $ 0.30 [3]  
Weighted-average shares outstanding:        
Basic   45,687 45,465  
Diluted   45,687 45,761  
Second Quarter
       
Quarterly Financial Information [Line Items]        
Revenues   73,618 53,288  
Operating income (loss)   (80,713) [1] (20,878) [2]  
Net loss from continuing operations   (71,918) (21,097)  
Income (loss) from discontinued operations, net of tax     21,308  
Net income (loss) per share - Basic   $ (1.57) [3] $ 0.68 [3]  
Gain on sale of discontinued operations, net of tax     49,612  
Net income (loss) per share - Diluted   $ (1.57) [3] $ 0.68 [3]  
Income (loss) attributable to Penn Virginia Corp.     31,079  
Earnings (loss) per share - Basic        
Continuing operations     $ (0.46)  
Discontinued operations     $ 0.06  
Gain on sale of discontinued operations     $ 1.08  
Net income (loss) per share - Basic   $ (1.57) [3] $ 0.68 [3]  
Earnings (loss) per share - Diluted        
Continuing operations     $ (0.46)  
Discontinued operations     $ 0.06  
Gain on sale of discontinued operations     $ 1.08  
Net income (loss) per share - Diluted   $ (1.57) [3] $ 0.68 [3]  
Weighted-average shares outstanding:        
Basic   45,768 45,539  
Diluted   45,768 45,790  
Third Quarter
       
Quarterly Financial Information [Line Items]        
Revenues   83,353 68,953  
Operating income (loss)   (9,031) [1] (53,053) [2]  
Net loss from continuing operations   (6,718) (30,159)  
Net income (loss) per share - Basic   $ (0.15) [3] $ (0.66) [3]  
Net income (loss) per share - Diluted   $ (0.15) [3] $ (0.66) [3]  
Income (loss) attributable to Penn Virginia Corp.     (30,159)  
Earnings (loss) per share - Basic        
Continuing operations     $ (0.66)  
Net income (loss) per share - Basic   $ (0.15) [3] $ (0.66) [3]  
Earnings (loss) per share - Diluted        
Continuing operations     $ (0.66)  
Net income (loss) per share - Diluted   $ (0.15) [3] $ (0.66) [3]  
Weighted-average shares outstanding:        
Basic   45,817 45,591  
Diluted   45,817 45,591  
Fourth Quarter
       
Quarterly Financial Information [Line Items]        
Revenues   80,451 64,319  
Operating income (loss)   (37,146) [1] (24,969) [2]  
Net loss from continuing operations   (27,939) (24,837)  
Income (loss) from discontinued operations, net of tax     (34)  
Net income (loss) per share - Basic   $ (0.61) [3] $ (0.50) [3]  
Gain on sale of discontinued operations, net of tax     1,934  
Net income (loss) per share - Diluted   $ (0.61) [3] $ (0.50) [3]  
Income (loss) attributable to Penn Virginia Corp.     $ (22,937)  
Earnings (loss) per share - Basic        
Continuing operations     $ (0.54)  
Gain on sale of discontinued operations     $ 0.04  
Net income (loss) per share - Basic   $ (0.61) [3] $ (0.50) [3]  
Earnings (loss) per share - Diluted        
Continuing operations     $ (0.54)  
Gain on sale of discontinued operations     $ 0.04  
Net income (loss) per share - Diluted   $ (0.61) [3] $ (0.50) [3]  
Weighted-average shares outstanding:        
Basic   45,864 45,615  
Diluted   45,864 45,615  
[1] Includes impairment of oil and gas properties of $71 million and $34 million during the quarters ended June 30, 2011 and December 31, 2011, respectively.
[2] Includes an impairment of $1.1 million for oil and gas properties held for sale during the quarter ended June 30, 2010. Includes impairments of oil and gas assets of $35.1 million and $9.7 million for the quarters ended September 30, 2010 and December 31, 2010, respectively.
[3] The sum of the quarters may not equal the total of the respective year's earnings per common share due to changes in weighted-average shares outstanding throughout the year.