|
Condensed Consolidating Financial Information (Tables)
|
9 Months Ended |
|
Sep. 30, 2013
|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
|
| Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
Assets |
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
93,996 |
|
|
$ |
1,469 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
95,466 |
|
Accounts receivable - oil and gas |
47,143 |
|
|
530 |
|
|
— |
|
|
— |
|
|
47,673 |
|
Accounts receivable - related parties |
26,421 |
|
|
3,376 |
|
|
— |
|
|
— |
|
|
29,797 |
|
Accounts receivable - intercompany |
18,419 |
|
|
— |
|
|
— |
|
|
(18,419 |
) |
|
— |
|
Prepaid expenses and other current assets |
4,634 |
|
|
— |
|
|
— |
|
|
— |
|
|
4,634 |
|
Deferred tax asset |
787 |
|
|
— |
|
|
— |
|
|
— |
|
|
787 |
|
Short-term derivative instruments |
1,633 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,633 |
|
Note receivable - related party |
875 |
|
|
— |
|
|
— |
|
|
— |
|
|
875 |
|
Total current assets |
193,908 |
|
|
5,375 |
|
|
1 |
|
|
(18,419 |
) |
|
180,865 |
|
Property and equipment: |
|
|
|
|
|
|
|
|
|
Oil and natural gas properties, full-cost accounting |
2,247,150 |
|
|
6,455 |
|
|
— |
|
|
— |
|
|
2,253,605 |
|
Other property and equipment |
10,135 |
|
|
29 |
|
|
— |
|
|
— |
|
|
10,164 |
|
Accumulated depletion, depreciation, amortization and impairment |
(747,677 |
) |
|
(21 |
) |
|
— |
|
|
— |
|
|
(747,698 |
) |
Property and equipment, net |
1,509,608 |
|
|
6,463 |
|
|
— |
|
|
— |
|
|
1,516,071 |
|
Other assets: |
|
|
|
|
|
|
|
|
|
Equity investments and investments in subsidiaries |
493,860 |
|
|
— |
|
|
189,942 |
|
|
(183,123 |
) |
|
500,679 |
|
Derivative instruments |
127 |
|
|
— |
|
|
— |
|
|
— |
|
|
127 |
|
Other assets |
12,827 |
|
|
— |
|
|
— |
|
|
— |
|
|
12,827 |
|
Total other assets |
506,814 |
|
|
— |
|
|
189,942 |
|
|
(183,123 |
) |
|
513,633 |
|
Total assets |
$ |
2,210,330 |
|
|
$ |
11,838 |
|
|
$ |
189,943 |
|
|
$ |
(201,542 |
) |
|
$ |
2,210,569 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
$ |
179,118 |
|
|
$ |
239 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
179,357 |
|
Accounts payable - intercompany |
— |
|
|
18,309 |
|
|
110 |
|
|
(18,419 |
) |
|
— |
|
Asset retirement obligation - current |
780 |
|
|
— |
|
|
— |
|
|
— |
|
|
780 |
|
Short-term derivative instruments |
4,808 |
|
|
— |
|
|
— |
|
|
— |
|
|
4,808 |
|
Current maturities of long-term debt |
156 |
|
|
— |
|
|
— |
|
|
— |
|
|
156 |
|
Total current liabilities |
184,862 |
|
|
18,548 |
|
|
110 |
|
|
(18,419 |
) |
|
185,101 |
|
Long-term derivative instrument |
962 |
|
|
— |
|
|
— |
|
|
— |
|
|
962 |
|
Asset retirement obligation - long-term |
13,988 |
|
|
— |
|
|
— |
|
|
— |
|
|
13,988 |
|
Deferred tax liability |
93,957 |
|
|
— |
|
|
— |
|
|
— |
|
|
93,957 |
|
Long-term debt, net of current maturities |
298,992 |
|
|
— |
|
|
— |
|
|
— |
|
|
298,992 |
|
Total liabilities |
592,761 |
|
|
18,548 |
|
|
110 |
|
|
(18,419 |
) |
|
593,000 |
|
|
|
|
|
|
|
|
|
|
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
|
Common stock |
775 |
|
|
— |
|
|
— |
|
|
— |
|
|
775 |
|
Paid-in capital |
1,399,803 |
|
|
322 |
|
|
199,437 |
|
|
(199,759 |
) |
|
1,399,803 |
|
Accumulated other comprehensive income (loss) |
(4,841 |
) |
|
— |
|
|
(3,344 |
) |
|
3,344 |
|
|
(4,841 |
) |
Retained earnings (accumulated deficit) |
221,832 |
|
|
(7,032 |
) |
|
(6,260 |
) |
|
13,292 |
|
|
221,832 |
|
Total stockholders' equity |
1,617,569 |
|
|
(6,710 |
) |
|
189,833 |
|
|
(183,123 |
) |
|
1,617,569 |
|
Total liabilities and stockholders' equity |
$ |
2,210,330 |
|
|
$ |
11,838 |
|
|
$ |
189,943 |
|
|
$ |
(201,542 |
) |
|
$ |
2,210,569 |
|
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 |
|
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 September 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
68,855 |
|
|
$ |
397 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
69,252 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
7,137 |
|
|
160 |
|
|
— |
|
|
— |
|
|
7,297 |
|
Production taxes |
7,050 |
|
|
21 |
|
|
— |
|
|
— |
|
|
7,071 |
|
Midstream transportation, processing and marketing |
3,616 |
|
|
6 |
|
|
— |
|
|
— |
|
|
3,622 |
|
Depreciation, depletion, and amortization |
30,691 |
|
|
— |
|
|
— |
|
|
— |
|
|
30,691 |
|
General and administrative |
5,229 |
|
|
31 |
|
|
(1 |
) |
|
— |
|
|
5,259 |
|
Accretion expense |
180 |
|
|
— |
|
|
— |
|
|
— |
|
|
180 |
|
Gain on sale of assets |
(5 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(5 |
) |
|
53,898 |
|
|
218 |
|
|
(1 |
) |
|
— |
|
|
54,115 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) FROM OPERATIONS |
14,957 |
|
|
179 |
|
|
1 |
|
|
— |
|
|
15,137 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
2,602 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,602 |
|
Interest income |
(70 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(70 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
(51,502 |
) |
|
— |
|
|
863 |
|
|
(683 |
) |
|
(51,322 |
) |
|
(48,970 |
) |
|
— |
|
|
863 |
|
|
(683 |
) |
|
(48,790 |
) |
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
63,927 |
|
|
179 |
|
|
(862 |
) |
|
683 |
|
|
63,927 |
|
INCOME TAX EXPENSE |
23,400 |
|
|
— |
|
|
— |
|
|
— |
|
|
23,400 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
40,527 |
|
|
$ |
179 |
|
|
$ |
(862 |
) |
|
$ |
683 |
|
|
$ |
40,527 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2012 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
60,283 |
|
|
$ |
254 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
60,537 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
6,467 |
|
|
171 |
|
|
— |
|
|
— |
|
|
6,638 |
|
Production taxes |
6,971 |
|
|
3 |
|
|
— |
|
|
— |
|
|
6,974 |
|
Midstream transportation, processing and marketing |
93 |
|
|
3 |
|
|
— |
|
|
— |
|
|
96 |
|
Depreciation, depletion, and amortization |
25,377 |
|
|
— |
|
|
— |
|
|
— |
|
|
25,377 |
|
General and administrative |
3,052 |
|
|
46 |
|
|
— |
|
|
— |
|
|
3,098 |
|
Accretion expense |
176 |
|
|
— |
|
|
— |
|
|
— |
|
|
176 |
|
|
42,136 |
|
|
223 |
|
|
— |
|
|
— |
|
|
42,359 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INCOME FROM OPERATIONS |
18,147 |
|
|
31 |
|
|
— |
|
|
— |
|
|
18,178 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
1,003 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,003 |
|
Interest income |
(6 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(6 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
1,134 |
|
|
— |
|
|
280 |
|
|
(249 |
) |
|
1,165 |
|
|
2,131 |
|
|
— |
|
|
280 |
|
|
(249 |
) |
|
2,162 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
16,016 |
|
|
31 |
|
|
(280 |
) |
|
249 |
|
|
16,016 |
|
INCOME TAX EXPENSE |
15,514 |
|
|
— |
|
|
— |
|
|
— |
|
|
15,514 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
502 |
|
|
$ |
31 |
|
|
$ |
(280 |
) |
|
$ |
249 |
|
|
$ |
502 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
193,550 |
|
|
$ |
1,136 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
194,686 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
17,849 |
|
|
498 |
|
|
— |
|
|
— |
|
|
18,347 |
|
Production taxes |
20,317 |
|
|
64 |
|
|
— |
|
|
— |
|
|
20,381 |
|
Midstream transportation, processing and marketing |
5,926 |
|
|
14 |
|
|
— |
|
|
— |
|
|
5,940 |
|
Depreciation, depletion, and amortization |
81,813 |
|
|
1 |
|
|
— |
|
|
— |
|
|
81,814 |
|
General and administrative |
14,466 |
|
|
103 |
|
|
2 |
|
|
— |
|
|
14,571 |
|
Accretion expense |
529 |
|
|
— |
|
|
— |
|
|
— |
|
|
529 |
|
Loss on sale of assets |
567 |
|
|
— |
|
|
— |
|
|
— |
|
|
567 |
|
|
141,467 |
|
|
680 |
|
|
2 |
|
|
— |
|
|
142,149 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) FROM OPERATIONS |
52,083 |
|
|
456 |
|
|
(2 |
) |
|
— |
|
|
52,537 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
9,365 |
|
|
— |
|
|
— |
|
|
— |
|
|
9,365 |
|
Interest income |
(211 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(211 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
(163,094 |
) |
|
— |
|
|
2,125 |
|
|
(1,671 |
) |
|
(162,640 |
) |
|
(153,940 |
) |
|
— |
|
|
2,125 |
|
|
(1,671 |
) |
|
(153,486 |
) |
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
206,023 |
|
|
456 |
|
|
(2,127 |
) |
|
1,671 |
|
|
206,023 |
|
INCOME TAX EXPENSE |
77,109 |
|
|
— |
|
|
— |
|
|
— |
|
|
77,109 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
128,914 |
|
|
$ |
456 |
|
|
$ |
(2,127 |
) |
|
$ |
1,671 |
|
|
$ |
128,914 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2012 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Total revenues |
$ |
191,386 |
|
|
$ |
937 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
192,323 |
|
|
|
|
|
|
|
|
|
|
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
Lease operating expenses |
17,685 |
|
|
516 |
|
|
— |
|
|
— |
|
|
18,201 |
|
Production taxes |
22,178 |
|
|
50 |
|
|
— |
|
|
— |
|
|
22,228 |
|
Midstream transportation, processing and marketing |
176 |
|
|
7 |
|
|
— |
|
|
— |
|
|
183 |
|
Depreciation, depletion, and amortization |
70,424 |
|
|
— |
|
|
— |
|
|
— |
|
|
70,424 |
|
General and administrative |
9,256 |
|
|
88 |
|
|
26 |
|
|
— |
|
|
9,370 |
|
Accretion expense |
529 |
|
|
— |
|
|
— |
|
|
— |
|
|
529 |
|
|
120,248 |
|
|
661 |
|
|
26 |
|
|
— |
|
|
120,935 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) FROM OPERATIONS |
71,138 |
|
|
276 |
|
|
(26 |
) |
|
— |
|
|
71,388 |
|
|
|
|
|
|
|
|
|
|
|
OTHER (INCOME) EXPENSE: |
|
|
|
|
|
|
|
|
|
Interest expense |
1,630 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,630 |
|
Interest income |
(37 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(37 |
) |
(Income) loss from equity method investments and investments in subsidiaries |
1,543 |
|
|
— |
|
|
864 |
|
|
(614 |
) |
|
1,793 |
|
|
3,136 |
|
|
— |
|
|
864 |
|
|
(614 |
) |
|
3,386 |
|
|
|
|
|
|
|
|
|
|
|
INCOME (LOSS) BEFORE INCOME TAXES |
68,002 |
|
|
276 |
|
|
(890 |
) |
|
614 |
|
|
68,002 |
|
INCOME TAX EXPENSE |
15,514 |
|
|
— |
|
|
— |
|
|
— |
|
|
15,514 |
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
$ |
52,488 |
|
|
$ |
276 |
|
|
$ |
(890 |
) |
|
$ |
614 |
|
|
$ |
52,488 |
|
|
| Condensed Consolidating Statements of Comprehensive Income (Loss) |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
40,527 |
|
|
$ |
179 |
|
|
$ |
(862 |
) |
|
$ |
683 |
|
|
$ |
40,527 |
|
Foreign currency translation adjustment |
3,894 |
|
|
— |
|
|
3,894 |
|
|
(3,894 |
) |
|
3,894 |
|
Change in fair value of derivative instruments, net of taxes |
630 |
|
|
— |
|
|
— |
|
|
— |
|
|
630 |
|
Reclassification of settled contracts, net of taxes |
1,617 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,617 |
|
Other comprehensive income (loss) |
6,141 |
|
|
— |
|
|
3,894 |
|
|
(3,894 |
) |
|
6,141 |
|
Comprehensive income (loss) |
$ |
46,668 |
|
|
$ |
179 |
|
|
$ |
3,032 |
|
|
$ |
(3,211 |
) |
|
$ |
46,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2012 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
502 |
|
|
$ |
31 |
|
|
$ |
(280 |
) |
|
$ |
249 |
|
|
$ |
502 |
|
Foreign currency translation adjustment |
5,320 |
|
|
— |
|
|
5,320 |
|
|
(5,320 |
) |
|
5,320 |
|
Change in fair value of derivative instruments, net of taxes |
(19,251 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(19,251 |
) |
Reclassification of settled contracts, net of taxes |
185 |
|
|
— |
|
|
— |
|
|
— |
|
|
185 |
|
Other comprehensive income (loss) |
(13,746 |
) |
|
— |
|
|
5,320 |
|
|
(5,320 |
) |
|
(13,746 |
) |
Comprehensive income |
$ |
(13,244 |
) |
|
$ |
31 |
|
|
$ |
5,040 |
|
|
$ |
(5,071 |
) |
|
$ |
(13,244 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
128,914 |
|
|
$ |
456 |
|
|
$ |
(2,127 |
) |
|
$ |
1,671 |
|
|
$ |
128,914 |
|
Foreign currency translation adjustment |
(5,786 |
) |
|
— |
|
|
(5,786 |
) |
|
5,786 |
|
|
(5,786 |
) |
Change in fair value of derivative instruments, net of taxes |
(444 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(444 |
) |
Reclassification of settled contracts, net of taxes |
4,818 |
|
|
— |
|
|
— |
|
|
— |
|
|
4,818 |
|
Other comprehensive income (loss) |
(1,412 |
) |
|
— |
|
|
(5,786 |
) |
|
5,786 |
|
|
(1,412 |
) |
Comprehensive income |
$ |
127,502 |
|
|
$ |
456 |
|
|
$ |
(7,913 |
) |
|
$ |
7,457 |
|
|
$ |
127,502 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2012 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
$ |
52,488 |
|
|
$ |
276 |
|
|
$ |
(890 |
) |
|
$ |
614 |
|
|
$ |
52,488 |
|
Foreign currency translation adjustment |
3,394 |
|
|
— |
|
|
3,394 |
|
|
(3,394 |
) |
|
3,394 |
|
Change in fair value of derivative instruments, net of taxes |
(11,678 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(11,678 |
) |
Reclassification of settled contracts, net of taxes |
646 |
|
|
— |
|
|
— |
|
|
— |
|
|
646 |
|
Other comprehensive income (loss) |
(7,638 |
) |
|
— |
|
|
3,394 |
|
|
(3,394 |
) |
|
(7,638 |
) |
Comprehensive income |
$ |
44,850 |
|
|
$ |
276 |
|
|
$ |
2,504 |
|
|
$ |
(2,780 |
) |
|
$ |
44,850 |
|
|
| Condensed Consolidating Statements of Cash Flows |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ |
139,818 |
|
|
$ |
1,213 |
|
|
$ |
(1 |
) |
|
$ |
— |
|
|
$ |
141,030 |
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
(569,291 |
) |
|
(1,539 |
) |
|
(25,087 |
) |
|
25,089 |
|
|
(570,828 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
358,176 |
|
|
— |
|
|
25,089 |
|
|
(25,089 |
) |
|
358,176 |
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents |
(71,297 |
) |
|
(326 |
) |
|
1 |
|
|
— |
|
|
(71,622 |
) |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
165,293 |
|
|
1,795 |
|
|
— |
|
|
— |
|
|
167,088 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
93,996 |
|
|
$ |
1,469 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
95,466 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2012 |
|
Parent |
|
Guarantors |
|
Non-Guarantor |
|
Eliminations |
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
$ |
164,659 |
|
|
$ |
1,218 |
|
|
$ |
(1 |
) |
|
$ |
— |
|
|
$ |
165,876 |
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
(386,506 |
) |
|
(1,387 |
) |
|
(93,436 |
) |
|
93,436 |
|
|
(387,893 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
140,400 |
|
|
— |
|
|
93,436 |
|
|
(93,436 |
) |
|
140,400 |
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents |
(81,447 |
) |
|
(169 |
) |
|
(1 |
) |
|
— |
|
|
(81,617 |
) |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at beginning of period |
93,124 |
|
|
772 |
|
|
1 |
|
|
— |
|
|
93,897 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
11,677 |
|
|
$ |
603 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
12,280 |
|
|