XML 54 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Debt - Additional Information (Details)
3 Months Ended 9 Months Ended
Mar. 01, 2017
USD ($)
Jun. 14, 2016
USD ($)
Jun. 13, 2016
USD ($)
Jun. 10, 2016
$ / shares
May 27, 2016
May 13, 2016
USD ($)
Mar. 06, 2012
USD ($)
$ / shares
shares
Sep. 30, 2016
USD ($)
$ / shares
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
instalment
$ / shares
Sep. 30, 2015
USD ($)
Nov. 07, 2016
USD ($)
Apr. 13, 2016
USD ($)
Dec. 31, 2015
USD ($)
Jun. 24, 2014
USD ($)
Nov. 27, 2013
USD ($)
Nov. 08, 2012
USD ($)
Debt Instrument [Line Items]                                  
Current portion of long-term debt               $ 292,795,000   $ 292,795,000       $ 0      
Fair value of amount outstanding               $ 341,500,000   $ 341,500,000     $ 457,000,000        
Repayments of lines of credit   $ 56,800,000                              
Consolidated funded debt to consolidated EBITDA ratio   3.75                              
Long-term debt, weighted average interest rate               3.10%   3.10%              
Consolidated EBITDA To consolidated net interest expense               2.5   2.5              
Stock split, conversion ratio       0.1 0.1                        
Long-term debt               $ 1,415,700,000   $ 1,415,700,000       1,061,000,000      
Interest expense related to contractual interest coupon of convertible notes               1,300,000 $ 1,300,000 3,900,000 $ 3,900,000            
Accrued interest               22,917,000   $ 22,917,000       $ 9,022,000      
Minimum                                  
Debt Instrument [Line Items]                                  
Percentage of borrowing base utilization, percent                   1.50%              
Maximum                                  
Debt Instrument [Line Items]                                  
Percentage of borrowing base utilization, percent                   2.50%              
Subsequent Event                                  
Debt Instrument [Line Items]                                  
Fair value of amount outstanding                       $ 341,500,000          
Quarter ended June 30, 2016                                  
Debt Instrument [Line Items]                                  
Consolidated funded debt to consolidated EBITDA ratio   5.25                              
Quarter ending September 30, 2016                                  
Debt Instrument [Line Items]                                  
Consolidated funded debt to consolidated EBITDA ratio   6.50                              
Quarter ending December 31, 2016                                  
Debt Instrument [Line Items]                                  
Consolidated funded debt to consolidated EBITDA ratio   9.50                              
Thereafter                                  
Debt Instrument [Line Items]                                  
Consolidated funded debt to consolidated EBITDA ratio   3.75                              
1 3⁄4% Senior Convertible Notes due 2017                                  
Debt Instrument [Line Items]                                  
Current portion of long-term debt               $ 292,400,000   $ 292,400,000              
Aggregate principal amount of senior subordinated notes             $ 300,000,000                    
Initial conversion rate of common stock       0.0023449     0.0234449     1              
Initial conversion price of convertible note 2017 (in usd per share) | $ / shares       $ 426.50     $ 42.65                    
Closing share price (in usd per share) | $ / shares               $ 11.88   $ 11.88              
Payment for call option             $ 70,800,000                    
Anti-dilution adjustments for purchases of call option (in shares) | shares             703,347                    
Strike price per share (in usd per share) | $ / shares             $ 559.10                    
Proceeds from sale of warrants             $ 40,100,000                    
Interest expense related to amortization of discount               $ 4,100,000 3,800,000 $ 12,000,000 11,100,000            
Amortization of deferred financing costs               400,000 $ 400,000 1,100,000 $ 1,100,000            
1 3⁄4% Senior Convertible Notes due 2017 | Scenario, Forecast                                  
Debt Instrument [Line Items]                                  
Cash share holders receive for each dollar In principle $ 1,000                                
4.20% Building Loan                                  
Debt Instrument [Line Items]                                  
Current portion of long-term debt               400,000   400,000              
Revolving credit facility                                  
Debt Instrument [Line Items]                                  
Current portion of long-term debt                         175,300,000        
Redetermined base borrowing and credit facility                             $ 900,000,000    
Borrowing base   $ 360,000,000                     300,000,000   $ 500,000,000    
Outstanding borrowing under bank credit facility               12,500,000   $ 12,500,000     $ 18,300,000        
Period in which outstanding amount has to be repaid to cure deficiency                   10 days              
Period in which bank has to add new properties to borrowing base and has to grant mortgage to banks                   30 days              
Number of monthly installments | instalment                   6              
Repayments of lines of credit     $ 29,200,000     $ 29,200,000                      
Line of credit facility, minimum liquidity requirement   125,000,000.0                              
Line of credit facility, limitations on capital expenditures   60,000,000                              
Line of credit facility, amount of cash to which anti-hoarding cash provisions apply   50,000,000                              
Initial bank and availability under facility               6,000,000   $ 6,000,000              
Oil and gas reserve as proportion of discounted present value of future net cash flow, for mortgage, percent                   86.00%              
Revolving credit facility | Subsequent Event                                  
Debt Instrument [Line Items]                                  
Outstanding borrowing under bank credit facility                       12,500,000          
Initial bank and availability under facility                       $ 6,000,000          
Revolving credit facility | Uncompleted Wells                                  
Debt Instrument [Line Items]                                  
Line of credit facility, limitations on capital expenditures   $ 25,000,000                              
Senior Notes Due 2022                                  
Debt Instrument [Line Items]                                  
Aggregate principal amount of senior subordinated notes               775,000,000   $ 775,000,000           $ 475,000,000 $ 300,000,000
Accrued interest               $ 29,200,000   $ 29,200,000              
Grace period to make interest payment                   30 days              
Senior Notes Due 2022 | Minimum                                  
Debt Instrument [Line Items]                                  
Percentage of minimum principal amount before an event of default                   25.00%