|
Condensed Consolidating Financial Information (Tables)
|
6 Months Ended |
|
Jun. 30, 2013
|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
|
| Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
213,390 |
|
|
$ |
995 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
214,385 |
|
Accounts receivable - oil and gas |
30,288 |
|
|
510 |
|
|
— |
|
|
— |
|
|
30,798 |
|
Accounts receivable - related parties |
35,432 |
|
|
1,391 |
|
|
— |
|
|
— |
|
|
36,823 |
|
Accounts receivable - intercompany |
15,254 |
|
|
— |
|
|
— |
|
|
(15,254 |
) |
|
— |
|
Prepaid expenses and other current assets |
2,639 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,639 |
|
Deferred tax asset |
372 |
|
|
— |
|
|
— |
|
|
— |
|
|
372 |
|
Short-term derivative instruments |
863 |
|
|
— |
|
|
— |
|
|
— |
|
|
863 |
|
Total current assets |
298,238 |
|
|
2,896 |
|
|
— |
|
|
(15,254 |
) |
|
285,880 |
|
Property and equipment: |
|
|
|
|
|
|
|
|
|
Oil and natural gas properties, full-cost accounting |
2,060,274 |
|
|
5,644 |
|
|
— |
|
|
— |
|
|
2,065,918 |
|
Other property and equipment |
8,988 |
|
|
29 |
|
|
— |
|
|
— |
|
|
9,017 |
|
Accumulated depletion, depreciation, amortization and impairment |
(716,986 |
) |
|
(21 |
) |
|
— |
|
|
— |
|
|
(717,007 |
) |
Property and equipment, net |
1,352,276 |
|
|
5,652 |
|
|
— |
|
|
— |
|
|
1,357,928 |
|
Other assets: |
|
|
|
|
|
|
|
|
|
Equity investments and investments in subsidiaries |
431,865 |
|
|
— |
|
|
176,877 |
|
|
(169,878 |
) |
|
438,864 |
|
Other assets |
13,153 |
|
|
— |
|
|
— |
|
|
— |
|
|
13,153 |
|
Total other assets |
445,018 |
|
|
— |
|
|
176,877 |
|
|
(169,878 |
) |
|
452,017 |
|
Total assets |
$ |
2,095,532 |
|
|
$ |
8,548 |
|
|
$ |
176,877 |
|
|
$ |
(185,132 |
) |
|
$ |
2,095,825 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ |
142,082 |
|
|
$ |
293 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
142,375 |
|
Accounts payable - intercompany |
— |
|
|
15,144 |
|
|
110 |
|
|
(15,254 |
) |
|
— |
|
Asset retirement obligation - current |
780 |
|
|
— |
|
|
— |
|
|
— |
|
|
780 |
|
Short-term derivative instruments |
1,839 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,839 |
|
Current maturities of long-term debt |
154 |
|
|
— |
|
|
— |
|
|
— |
|
|
154 |
|
Total current liabilities |
144,855 |
|
|
15,437 |
|
|
110 |
|
|
(15,254 |
) |
|
145,148 |
|
Asset retirement obligation - long-term |
13,231 |
|
|
— |
|
|
— |
|
|
— |
|
|
13,231 |
|
Deferred tax liability |
69,204 |
|
|
— |
|
|
— |
|
|
— |
|
|
69,204 |
|
Long-term debt, net of current maturities |
298,956 |
|
|
— |
|
|
— |
|
|
— |
|
|
298,956 |
|
Total liabilities |
526,246 |
|
|
15,437 |
|
|
110 |
|
|
(15,254 |
) |
|
526,539 |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
Common stock |
775 |
|
|
— |
|
|
— |
|
|
— |
|
|
775 |
|
Paid-in capital |
1,398,188 |
|
|
322 |
|
|
189,403 |
|
|
(189,725 |
) |
|
1,398,188 |
|
Accumulated other comprehensive income (loss) |
(10,982 |
) |
|
— |
|
|
(7,238 |
) |
|
7,238 |
|
|
(10,982 |
) |
Retained earnings (accumulated deficit) |
181,305 |
|
|
(7,211 |
) |
|
(5,398 |
) |
|
12,609 |
|
|
181,305 |
|
Total stockholders' equity |
1,569,286 |
|
|
(6,889 |
) |
|
176,767 |
|
|
(169,878 |
) |
|
1,569,286 |
|
Total liabilities and stockholders' equity |
$ |
2,095,532 |
|
|
$ |
8,548 |
|
|
$ |
176,877 |
|
|
$ |
(185,132 |
) |
|
$ |
2,095,825 |
|
CONDENSED CONSOLIDATING BALANCE SHEETS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2012 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
165,293 |
|
|
$ |
1,795 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
167,088 |
|
Accounts receivable - oil and gas |
25,070 |
|
|
545 |
|
|
— |
|
|
— |
|
|
25,615 |
|
Accounts receivable - related parties |
33,806 |
|
|
1,042 |
|
|
— |
|
|
— |
|
|
34,848 |
|
Accounts receivable - intercompany |
15,368 |
|
|
— |
|
|
— |
|
|
(15,368 |
) |
|
— |
|
Prepaid expenses and other current assets |
1,506 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,506 |
|
Short-term derivative instruments |
664 |
|
|
— |
|
|
— |
|
|
— |
|
|
664 |
|
Total current assets |
241,707 |
|
|
3,382 |
|
|
— |
|
|
(15,368 |
) |
|
229,721 |
|
|
|
|
|
|
|
|
|
|
|
Property and equipment: |
|
|
|
|
|
|
|
|
|
Oil and natural gas properties, full-cost accounting, |
1,606,172 |
|
|
4,918 |
|
|
— |
|
|
— |
|
|
1,611,090 |
|
Other property and equipment |
8,642 |
|
|
20 |
|
|
— |
|
|
— |
|
|
8,662 |
|
Accumulated depletion, depreciation, amortization and impairment |
(665,864 |
) |
|
(20 |
) |
|
— |
|
|
— |
|
|
(665,884 |
) |
Property and equipment, net |
948,950 |
|
|
4,918 |
|
|
— |
|
|
— |
|
|
953,868 |
|
Other assets: |
|
|
|
|
|
|
|
|
|
Equity investments and investments in subsidiaries |
374,209 |
|
|
— |
|
|
172,766 |
|
|
(165,491 |
) |
|
381,484 |
|
Other assets |
13,295 |
|
|
— |
|
|
— |
|
|
— |
|
|
13,295 |
|
Total other assets |
387,504 |
|
|
— |
|
|
172,766 |
|
|
(165,491 |
) |
|
394,779 |
|
Deferred tax asset |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total assets |
$ |
1,578,161 |
|
|
$ |
8,300 |
|
|
$ |
172,766 |
|
|
$ |
(180,859 |
) |
|
$ |
1,578,368 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ |
110,037 |
|
|
$ |
207 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
110,244 |
|
Accounts payable - intercompany |
— |
|
|
15,259 |
|
|
109 |
|
|
(15,368 |
) |
|
— |
|
Asset retirement obligation - current |
60 |
|
|
— |
|
|
— |
|
|
— |
|
|
60 |
|
Short-term derivative instruments |
10,442 |
|
|
— |
|
|
— |
|
|
— |
|
|
10,442 |
|
Current maturities of long-term debt |
150 |
|
|
— |
|
|
— |
|
|
— |
|
|
150 |
|
Total current liabilities |
120,689 |
|
|
15,466 |
|
|
109 |
|
|
(15,368 |
) |
|
120,896 |
|
|
|
|
|
|
|
|
|
|
|
Asset retirement obligation - long-term |
13,215 |
|
|
— |
|
|
— |
|
|
— |
|
|
13,215 |
|
Deferred tax liability |
18,607 |
|
|
— |
|
|
— |
|
|
— |
|
|
18,607 |
|
Long-term debt, net of current maturities |
298,888 |
|
|
— |
|
|
— |
|
|
— |
|
|
298,888 |
|
Other non-current liabilities |
354 |
|
|
— |
|
|
— |
|
|
— |
|
|
354 |
|
Total liabilities |
451,753 |
|
|
15,466 |
|
|
109 |
|
|
(15,368 |
) |
|
451,960 |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
Common stock |
674 |
|
|
— |
|
|
— |
|
|
— |
|
|
674 |
|
Paid-in capital |
1,036,245 |
|
|
322 |
|
|
174,348 |
|
|
(174,670 |
) |
|
1,036,245 |
|
Accumulated other comprehensive income (loss) |
(3,429 |
) |
|
— |
|
|
2,442 |
|
|
(2,442 |
) |
|
(3,429 |
) |
Retained earnings (accumulated deficit) |
92,918 |
|
|
(7,488 |
) |
|
(4,133 |
) |
|
11,621 |
|
|
92,918 |
|
Total stockholders' equity |
1,126,408 |
|
|
(7,166 |
) |
|
172,657 |
|
|
(165,491 |
) |
|
1,126,408 |
|
Total liabilities and stockholders' equity |
$ |
1,578,161 |
|
|
$ |
8,300 |
|
|
$ |
172,766 |
|
|
$ |
(180,859 |
) |
|
$ |
1,578,368 |
|
|
| Condensed Consolidating Statements of Operations |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
70,033 |
|
|
$ |
401 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
70,434 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
5,714 |
|
|
164 |
|
|
— |
|
|
— |
|
|
5,878 |
|
Production taxes |
8,316 |
|
|
25 |
|
|
— |
|
|
— |
|
|
8,341 |
|
Depreciation, depletion, and amortization |
28,539 |
|
|
1 |
|
|
— |
|
|
— |
|
|
28,540 |
|
General and administrative |
4,859 |
|
|
38 |
|
|
3 |
|
|
— |
|
|
4,900 |
|
Accretion expense |
174 |
|
|
— |
|
|
— |
|
|
— |
|
|
174 |
|
Loss on sale of assets |
145 |
|
|
— |
|
|
— |
|
|
— |
|
|
145 |
|
|
47,747 |
|
|
228 |
|
|
3 |
|
|
— |
|
|
47,978 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) FROM OPERATIONS |
22,286 |
|
|
173 |
|
|
(3 |
) |
|
— |
|
|
22,456 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
3,284 |
|
|
— |
|
|
— |
|
|
— |
|
|
3,284 |
|
Interest income |
(62 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(62 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
(50,278 |
) |
|
— |
|
|
730 |
|
|
(560 |
) |
|
(50,108 |
) |
|
(47,056 |
) |
|
— |
|
|
730 |
|
|
(560 |
) |
|
(46,886 |
) |
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
69,342 |
|
|
173 |
|
|
(733 |
) |
|
560 |
|
|
69,342 |
|
INCOME TAX EXPENSE |
25,514 |
|
|
— |
|
|
— |
|
|
— |
|
|
25,514 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
43,828 |
|
|
$ |
173 |
|
|
$ |
(733 |
) |
|
$ |
560 |
|
|
$ |
43,828 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2012 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
65,938 |
|
|
$ |
387 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
66,325 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
5,573 |
|
|
141 |
|
|
— |
|
|
— |
|
|
5,714 |
|
Production taxes |
7,543 |
|
|
29 |
|
|
— |
|
|
— |
|
|
7,572 |
|
Depreciation, depletion, and amortization |
23,652 |
|
|
— |
|
|
— |
|
|
— |
|
|
23,652 |
|
General and administrative |
3,240 |
|
|
22 |
|
|
1 |
|
|
— |
|
|
3,263 |
|
Accretion expense |
177 |
|
|
— |
|
|
— |
|
|
— |
|
|
177 |
|
|
40,185 |
|
|
192 |
|
|
1 |
|
|
— |
|
|
40,378 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) FROM OPERATIONS |
25,753 |
|
|
195 |
|
|
(1 |
) |
|
— |
|
|
25,947 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
474 |
|
|
— |
|
|
— |
|
|
— |
|
|
474 |
|
Interest income |
(4 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(4 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
166 |
|
|
— |
|
|
306 |
|
|
(112 |
) |
|
360 |
|
|
636 |
|
|
— |
|
|
306 |
|
|
(112 |
) |
|
830 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
25,117 |
|
|
195 |
|
|
(307 |
) |
|
112 |
|
|
25,117 |
|
INCOME TAX EXPENSE |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
25,117 |
|
|
$ |
195 |
|
|
$ |
(307 |
) |
|
$ |
112 |
|
|
$ |
25,117 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
124,695 |
|
|
$ |
739 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
125,434 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
10,712 |
|
|
338 |
|
|
— |
|
|
— |
|
|
11,050 |
|
Production taxes |
15,577 |
|
|
51 |
|
|
— |
|
|
— |
|
|
15,628 |
|
Depreciation, depletion, and amortization |
51,122 |
|
|
1 |
|
|
— |
|
|
— |
|
|
51,123 |
|
General and administrative |
9,237 |
|
|
72 |
|
|
3 |
|
|
— |
|
|
9,312 |
|
Accretion expense |
349 |
|
|
— |
|
|
— |
|
|
— |
|
|
349 |
|
Loss on sale of assets |
572 |
|
|
— |
|
|
— |
|
|
— |
|
|
572 |
|
|
87,569 |
|
|
462 |
|
|
3 |
|
|
— |
|
|
88,034 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) FROM OPERATIONS |
37,126 |
|
|
277 |
|
|
(3 |
) |
|
— |
|
|
37,400 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
6,763 |
|
|
— |
|
|
— |
|
|
— |
|
|
6,763 |
|
Interest income |
(141 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(141 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
(111,592 |
) |
|
— |
|
|
1,262 |
|
|
(988 |
) |
|
(111,318 |
) |
|
(104,970 |
) |
|
— |
|
|
1,262 |
|
|
(988 |
) |
|
(104,696 |
) |
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
142,096 |
|
|
277 |
|
|
(1,265 |
) |
|
988 |
|
|
142,096 |
|
INCOME TAX EXPENSE |
53,709 |
|
|
— |
|
|
— |
|
|
— |
|
|
53,709 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
88,387 |
|
|
$ |
277 |
|
|
$ |
(1,265 |
) |
|
$ |
988 |
|
|
$ |
88,387 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2012 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
131,103 |
|
|
$ |
683 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
131,786 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
11,218 |
|
|
345 |
|
|
— |
|
|
— |
|
|
11,563 |
|
Production taxes |
15,290 |
|
|
51 |
|
|
— |
|
|
— |
|
|
15,341 |
|
Depreciation, depletion, and amortization |
45,047 |
|
|
— |
|
|
— |
|
|
— |
|
|
45,047 |
|
General and administrative |
6,204 |
|
|
42 |
|
|
26 |
|
|
— |
|
|
6,272 |
|
Accretion expense |
353 |
|
|
— |
|
|
— |
|
|
— |
|
|
353 |
|
|
78,112 |
|
|
438 |
|
|
26 |
|
|
— |
|
|
78,576 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) FROM OPERATIONS |
52,991 |
|
|
245 |
|
|
(26 |
) |
|
— |
|
|
53,210 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
627 |
|
|
— |
|
|
— |
|
|
— |
|
|
627 |
|
Interest income |
(31 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(31 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
409 |
|
|
— |
|
|
584 |
|
|
(365 |
) |
|
628 |
|
|
1,005 |
|
|
— |
|
|
584 |
|
|
(365 |
) |
|
1,224 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
51,986 |
|
|
245 |
|
|
(610 |
) |
|
365 |
|
|
51,986 |
|
INCOME TAX EXPENSE |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
51,986 |
|
|
$ |
245 |
|
|
$ |
(610 |
) |
|
$ |
365 |
|
|
$ |
51,986 |
|
|
| Condensed Consolidating Statements of Comprehensive Income (Loss) |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
43,828 |
|
|
$ |
173 |
|
|
$ |
(733 |
) |
|
$ |
560 |
|
|
$ |
43,828 |
|
Foreign currency translation adjustment |
(6,113 |
) |
|
— |
|
|
(6,113 |
) |
|
6,113 |
|
|
(6,113 |
) |
Change in fair value of derivative instruments, net of taxes |
356 |
|
|
— |
|
|
— |
|
|
— |
|
|
356 |
|
Reclassification of settled contracts, net of taxes |
1,404 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,404 |
|
Other comprehensive income (loss) |
(4,353 |
) |
|
— |
|
|
(6,113 |
) |
|
6,113 |
|
|
(4,353 |
) |
Comprehensive income (loss) |
$ |
39,475 |
|
|
$ |
173 |
|
|
$ |
(6,846 |
) |
|
$ |
6,673 |
|
|
$ |
39,475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2012 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
25,117 |
|
|
$ |
195 |
|
|
$ |
(307 |
) |
|
$ |
112 |
|
|
$ |
25,117 |
|
Foreign currency translation adjustment |
(2,865 |
) |
|
— |
|
|
(2,865 |
) |
|
2,865 |
|
|
(2,865 |
) |
Change in fair value of derivative instruments, net of taxes |
18,194 |
|
|
— |
|
|
— |
|
|
— |
|
|
18,194 |
|
Reclassification of settled contracts, net of taxes |
561 |
|
|
— |
|
|
— |
|
|
— |
|
|
561 |
|
Other comprehensive income (loss) |
15,890 |
|
|
— |
|
|
(2,865 |
) |
|
2,865 |
|
|
15,890 |
|
Comprehensive income |
$ |
41,007 |
|
|
$ |
195 |
|
|
$ |
(3,172 |
) |
|
$ |
2,977 |
|
|
$ |
41,007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
88,387 |
|
|
$ |
277 |
|
|
$ |
(1,265 |
) |
|
$ |
988 |
|
|
$ |
88,387 |
|
Foreign currency translation adjustment |
(9,680 |
) |
|
— |
|
|
(9,680 |
) |
|
9,680 |
|
|
(9,680 |
) |
Change in fair value of derivative instruments, net of taxes |
(1,074 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,074 |
) |
Reclassification of settled contracts, net of taxes |
3,201 |
|
|
— |
|
|
— |
|
|
— |
|
|
3,201 |
|
Other comprehensive income (loss) |
(7,553 |
) |
|
— |
|
|
(9,680 |
) |
|
9,680 |
|
|
(7,553 |
) |
Comprehensive income |
$ |
80,834 |
|
|
$ |
277 |
|
|
$ |
(10,945 |
) |
|
$ |
10,668 |
|
|
$ |
80,834 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2012 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
51,986 |
|
|
$ |
245 |
|
|
$ |
(610 |
) |
|
$ |
365 |
|
|
$ |
51,986 |
|
Foreign currency translation adjustment |
(1,926 |
) |
|
— |
|
|
(1,926 |
) |
|
1,926 |
|
|
(1,926 |
) |
Change in fair value of derivative instruments, net of taxes |
7,573 |
|
|
— |
|
|
— |
|
|
— |
|
|
7,573 |
|
Reclassification of settled contracts, net of taxes |
461 |
|
|
— |
|
|
— |
|
|
— |
|
|
461 |
|
Other comprehensive income (loss) |
6,108 |
|
|
— |
|
|
(1,926 |
) |
|
1,926 |
|
|
6,108 |
|
Comprehensive income |
$ |
58,094 |
|
|
$ |
245 |
|
|
$ |
(2,536 |
) |
|
$ |
2,291 |
|
|
$ |
58,094 |
|
|
| Condensed Consolidating Statements of Cash Flows |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ |
73,633 |
|
|
$ |
(88 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
73,545 |
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
(383,817 |
) |
|
(712 |
) |
|
(15,055 |
) |
|
15,055 |
|
|
(384,529 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
358,281 |
|
|
— |
|
|
15,055 |
|
|
(15,055 |
) |
|
358,281 |
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents |
48,097 |
|
|
(800 |
) |
|
— |
|
|
— |
|
|
47,297 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
165,293 |
|
|
1,795 |
|
|
— |
|
|
— |
|
|
167,088 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
213,390 |
|
|
$ |
995 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
214,385 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2012 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
$ |
98,827 |
|
|
$ |
670 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
99,497 |
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
(253,175 |
) |
|
(1,091 |
) |
|
(78,312 |
) |
|
78,312 |
|
|
(254,266 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
67,485 |
|
|
— |
|
|
78,312 |
|
|
(78,312 |
) |
|
67,485 |
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents |
(86,863 |
) |
|
(421 |
) |
|
— |
|
|
— |
|
|
(87,284 |
) |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
93,124 |
|
|
772 |
|
|
1 |
|
|
— |
|
|
93,897 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
6,261 |
|
|
$ |
351 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
6,613 |
|
|