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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (USD $)
In Thousands, except Share data
Total
Common Stock
Paid-in Capital
Retained Earnings
Deferred Compensation Obligation
Accumulated Other Comprehensive Loss
Treasury Stock
Total Penn Virginia Shareholders' Equity
Noncontrolling Interests
Balance at Dec. 31, 2008 $ 1,222,442 $ 230 $ 485,967 $ 443,646 $ 2,237 $ (4,182) $ (2,683) $ 925,215 $ 297,227
Balance (in shares) at Dec. 31, 2008   41,871,000              
Net income (loss) (77,368)     (114,643)       (114,643) 37,275
Change in hedging derivative financial instruments 3,804         2,756   2,756 1,048
Change in pension and postretirement obligations 140         140   140  
Dividends paid ($0.225 per share) (9,836)     (9,836)       (9,836)  
Issuance of common stock (in shares)   3,500,000              
Issuance of common stock 64,835 35 64,800         64,835  
Common stock issued as compensation (in shares)   3,000              
Common stock issued as compensation 60   60         60  
Share-based compensation 9,062   9,062         9,062  
Deferred compensation (in shares)   12,000              
Deferred compensation (61)   11   186   (258) (61)  
Exercise of stock options (19)   367       (386) (19)  
Sale of subsidiary units, net of tax (Notes 3, 13 and 19) 100,452   32,739         32,739 67,713
Unit-based compensation of subsidiaries 3,986   (833)         (833) 4,819
Distributions to noncontrolling interest holders (78,171)               (78,171)
Other (1,327)   (1,327)         (1,327)  
Balance at Dec. 31, 2009 1,237,999 265 590,846 319,167 2,423 (1,286) (3,327) 908,088 329,911
Balance (in shares) at Dec. 31, 2009   45,386,000              
Net income (loss) 19,667     (8,423)       (8,423) 28,090
Change in hedging derivative financial instruments 582               582
Change in pension and postretirement obligations 348         348   348  
Dividends paid ($0.225 per share) (10,271)     (10,271)       (10,271)  
Common stock issued as compensation (in shares)   5,000              
Common stock issued as compensation 92   92         92  
Share-based compensation (in shares)   (2,000)              
Share-based compensation 7,157   7,157         7,157  
Deferred compensation (in shares)   8,000              
Deferred compensation 573   562   320   (309) 573  
Exercise of stock options (in shares)   136,000              
Exercise of stock options 2,099 1 1,712       386 2,099  
Restricted stock unit vesting (in shares)   24,000              
Restricted stock unit vesting 202 1 201         202  
Sale of subsidiary units, net of tax (Notes 3, 13 and 19) 153,103   82,915         82,915 70,188
Deconsolidation of subsidiaries (Notes 3, 13 and 19) (382,325)               (382,325)
Unit-based compensation of subsidiaries 1,853   (1,267)         (1,267) 3,120
Distributions to noncontrolling interest holders (49,566)               (49,566)
Other (1,237)   (1,237)         (1,237)  
Balance at Dec. 31, 2010 980,276 267 680,981 300,473 2,743 (938) (3,250) 980,276  
Balance (in shares) at Dec. 31, 2010   45,557,000              
Net income (loss) (132,915)     (132,915)       (132,915)  
Change in pension and postretirement obligations (146)         (146)   (146)  
Dividends paid ($0.225 per share) (10,316)     (10,316)       (10,316)  
Common stock issued as compensation (in shares)   11,000              
Common stock issued as compensation 93   93         93  
Share-based compensation 6,460   6,460         6,460  
Deferred compensation 1,134 1 876   877   (620) 1,134  
Exercise of stock options (in shares) 95,516 95,000              
Exercise of stock options 1,226 1 1,225         1,226  
Restricted stock unit vesting (in shares)   51,000              
Restricted stock unit vesting 271 1 270         271  
Other 226   226         226  
Balance at Dec. 31, 2011 $ 846,309 $ 270 $ 690,131 $ 157,242 $ 3,620 $ (1,084) $ (3,870) $ 846,309  
Balance (in shares) at Dec. 31, 2011   45,714,000