2016 Q4 Form 10-K Financial Statement

#000000217818000009 Filed on March 12, 2018

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2016 Q2
Revenue $299.0M $256.9M $293.2M
YoY Change -14.16% -41.61% -51.19%
Cost Of Revenue $290.2M $252.1M $280.9M
YoY Change -18.09% -41.67% -52.01%
Gross Profit $8.800M $4.800M $12.30M
YoY Change -246.67% -37.66% -19.61%
Gross Profit Margin 2.94% 1.87% 4.2%
Selling, General & Admin $4.200M $2.100M $1.900M
YoY Change 90.91% 0.0% -17.39%
% of Gross Profit 47.73% 43.75% 15.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.400M $4.514M $4.756M
YoY Change -21.85% -24.39% -21.13%
% of Gross Profit 50.0% 94.04% 38.67%
Operating Expenses $8.500M $6.600M $6.700M
YoY Change 8.97% -18.52% -19.28%
Operating Profit $300.0K -$1.822M $5.601M
YoY Change -102.17% 355.5% -19.99%
Interest Expense $100.0K $0.00 $0.00
YoY Change 0.0% -100.0% -100.0%
% of Operating Profit 33.33% 0.0%
Other Income/Expense, Net -$1.555M -$113.0K
YoY Change
Pretax Income $100.0K -$3.377M $5.488M
YoY Change -100.73% 1025.67% -21.6%
Income Tax $200.0K -$1.224M $2.084M
% Of Pretax Income 200.0% 37.97%
Net Earnings -$168.0K -$2.153M $3.404M
YoY Change -98.0% 617.67% -20.84%
Net Earnings / Revenue -0.06% -0.84% 1.16%
Basic Earnings Per Share
Diluted Earnings Per Share -$47.62K -$523.8K $809.5K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q4 2016 Q3 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.30M $78.50M $90.80M
YoY Change -5.11% -20.95% -0.98%
Cash & Equivalents $87.34M $78.49M $90.77M
Short-Term Investments $0.00 $0.00 $0.00
Other Short-Term Assets $2.200M $4.400M $4.500M
YoY Change -8.33% 33.33% 18.42%
Inventory $13.10M $16.10M $12.90M
Prepaid Expenses $2.097M
Receivables $87.16M $73.60M $81.80M
Other Receivables $2.700M $2.400M $0.00
Total Short-Term Assets $192.5M $174.9M $189.9M
YoY Change 9.08% -17.89% -26.48%
LONG-TERM ASSETS
Property, Plant & Equipment $46.33M $49.50M $51.60M
YoY Change -22.4% -29.18% -31.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.700M $8.200M $9.700M
YoY Change 14.93% 46.43% 90.2%
Other Assets $400.0K $300.0K $300.0K
YoY Change 33.33% 0.0% 0.0%
Total Long-Term Assets $54.35M $58.00M $61.60M
YoY Change -18.51% -23.48% -24.23%
TOTAL ASSETS
Total Short-Term Assets $192.5M $174.9M $189.9M
Total Long-Term Assets $54.35M $58.00M $61.60M
Total Assets $246.9M $232.9M $251.5M
YoY Change 1.51% -19.36% -25.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $79.90M $64.10M $79.90M
YoY Change 7.68% -36.97% -46.48%
Accrued Expenses $6.100M $7.100M $7.300M
YoY Change 5.17% -33.64% -33.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $86.07M $71.30M $87.50M
YoY Change 7.32% -37.13% -45.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.300M $2.400M $2.400M
YoY Change -8.0% -4.0% -4.0%
Total Long-Term Liabilities $2.300M $2.400M $2.400M
YoY Change -8.0% -4.0% -4.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $86.07M $71.30M $87.50M
Total Long-Term Liabilities $2.300M $2.400M $2.400M
Total Liabilities $95.56M $80.50M $96.00M
YoY Change 5.36% -36.61% -45.61%
SHAREHOLDERS EQUITY
Retained Earnings $139.2M
YoY Change
Common Stock $422.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $151.3M $152.4M $155.5M
YoY Change
Total Liabilities & Shareholders Equity $246.9M $232.9M $251.5M
YoY Change 1.51% -19.36% -25.94%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2016 Q2
OPERATING ACTIVITIES
Net Income -$168.0K -$2.153M $3.404M
YoY Change -98.0% 617.67% -20.84%
Depreciation, Depletion And Amortization $4.400M $4.514M $4.756M
YoY Change -21.85% -24.39% -21.13%
Cash From Operating Activities $10.28M -$9.490M $8.510M
YoY Change 435.42% -170.14% -505.24%
INVESTING ACTIVITIES
Capital Expenditures -$1.290M -$2.380M -$600.0K
YoY Change -72.67% 56.58% -48.28%
Acquisitions
YoY Change
Other Investing Activities $800.0K $510.0K $690.0K
YoY Change 110.53% 218.75% 1280.0%
Cash From Investing Activities -$500.0K -$1.870M $90.00K
YoY Change -88.48% 37.5% -108.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -930.0K -920.0K -930.0K
YoY Change 0.0% 0.0% 0.0%
NET CHANGE
Cash From Operating Activities 10.28M -9.490M 8.510M
Cash From Investing Activities -500.0K -1.870M 90.00K
Cash From Financing Activities -930.0K -920.0K -930.0K
Net Change In Cash 8.850M -12.28M 7.670M
YoY Change -364.18% -209.16% -285.27%
FREE CASH FLOW
Cash From Operating Activities $10.28M -$9.490M $8.510M
Capital Expenditures -$1.290M -$2.380M -$600.0K
Free Cash Flow $11.57M -$7.110M $9.110M
YoY Change 74.25% -147.24% -1069.15%

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AssetRetirementObligationLiabilitiesIncurred
18000 USD
CY2015 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
127000 USD
CY2016 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
394000 USD
CY2017 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
261000 USD
CY2016Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2329000 USD
CY2017Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
1273000 USD
CY2016Q4 us-gaap Assets
Assets
246872000 USD
CY2017Q4 us-gaap Assets
Assets
282704000 USD
CY2016Q4 us-gaap Assets Current
AssetsCurrent
192518000 USD
CY2017Q4 us-gaap Assets Current
AssetsCurrent
245685000 USD
CY2015 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1707000 USD
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
679000 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
70000 USD
CY2016Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
0 USD
CY2017Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
338000 USD
CY2015 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
CY2016 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
398000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
398000 USD
CY2017Q2 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
0 USD
CY2016Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
62784000 USD
CY2016Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
0 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
398000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2017Q2 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
0 USD
CY2016Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
6358000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
158000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
1689000 USD
CY2016Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
56426000 USD
CY2017Q2 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
0 USD
CY2017 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
1808000 USD
CY2016Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
62784000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
398000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
255000 USD
CY2017Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
1351000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
1847000 USD
CY2017Q2 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
0 USD
CY2016Q4 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
0 USD
CY2017Q2 us-gaap Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
0 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
80184000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
91877000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
87342000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
109393000 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
11693000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-4535000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
22051000 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.88
CY2016 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.88
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.88
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.1
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.1
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
7500000 shares
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
7500000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
4217596 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
4217596 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4217596 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4217596 shares
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
422000 USD
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
422000 USD
CY2015 us-gaap Costs And Expenses
CostsAndExpenses
1946638000 USD
CY2016 us-gaap Costs And Expenses
CostsAndExpenses
1093486000 USD
CY2017 us-gaap Costs And Expenses
CostsAndExpenses
1320558000 USD
CY2017 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
3840000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4843000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-87000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3840000 USD
CY2017 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
-3505000 USD
CY2016Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
7157000 USD
us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
0 USD
CY2015 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
0 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
5011000 USD
CY2017Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
3302000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13599000 USD
CY2015 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3712000 USD
CY2016 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
0 USD
us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
4000 USD
CY2016 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3711000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
777000 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3711000 USD
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.30
CY2016Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.60
CY2015 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
0 USD
CY2016 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
0 USD
CY2016Q4 us-gaap Deferred Income Taxes And Other Liabilities Noncurrent
DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent
7157000 USD
CY2017Q4 us-gaap Deferred Income Taxes And Other Liabilities Noncurrent
DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent
3363000 USD
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.11
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.20
CY2015 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
348000 USD
CY2016 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
32000 USD
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
1815000 USD
CY2015 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
370000 USD
CY2016 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
0 USD
us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
1824000 USD
CY2015 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
2385000 USD
CY2016 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
323000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4073000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2778000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
895000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3722000 USD
CY2015 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
4843000 USD
CY2016 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
857000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-168000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
80000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
118000 USD
CY2016Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
606000 USD
CY2017Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
623000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
623000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
7157000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3302000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
93000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
121000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
7341000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2497000 USD
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
768000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
757000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
734000 USD
CY2016Q4 us-gaap Deposit Contracts Assets
DepositContractsAssets
2599000 USD
CY2017Q4 us-gaap Deposit Contracts Assets
DepositContractsAssets
3767000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23717000 USD
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.38
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.43
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.86
CY2016 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
313000 USD
CY2017 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
3000 USD
CY2016Q4 us-gaap Energy Marketing Contract Liabilities Current
EnergyMarketingContractLiabilitiesCurrent
64000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
2339000 USD
CY2017Q2 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
0 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
5601000 USD
CY2017Q4 us-gaap Energy Marketing Contract Liabilities Current
EnergyMarketingContractLiabilitiesCurrent
145000 USD
CY2016Q4 us-gaap Energy Marketing Contracts Assets Current
EnergyMarketingContractsAssetsCurrent
112000 USD
CY2017Q4 us-gaap Energy Marketing Contracts Assets Current
EnergyMarketingContractsAssetsCurrent
166000 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
5468000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1822000 USD
CY2016Q4 us-gaap Energy Related Inventory
EnergyRelatedInventory
13070000 USD
CY2017Q4 us-gaap Energy Related Inventory
EnergyRelatedInventory
12192000 USD
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
3561000 USD
CY2017Q2 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesNetCashFlows
0 USD
CY2015 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2016 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
1941000 USD
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
1301000 USD
CY2017Q2 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
0 USD
CY2015 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
535000 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1966000 USD
CY2017 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
2500000 USD
us-gaap Exploration And Production Costs
ExplorationAndProductionCosts
5000 USD
CY2015 us-gaap Exploration And Production Costs
ExplorationAndProductionCosts
1667000 USD
CY2016 us-gaap Exploration And Production Costs
ExplorationAndProductionCosts
291000 USD
CY2017 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
594000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9939000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-64000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1584000 USD
us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
94000 USD
CY2015 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
292000 USD
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.34
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18792000 USD
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.81
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.51
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
103000 USD
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
38000 USD
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.72
CY2017Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.88
CY2016 us-gaap Extensions Discoveries Additions And Improved Recovery Less Related Costs
ExtensionsDiscoveriesAdditionsAndImprovedRecoveryLessRelatedCosts
275000 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
8413000 USD
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
5479000 USD
CY2017Q2 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts
0 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
2945000 USD
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense
1918000 USD
CY2017Q2 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows
0 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10410000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9707000 USD
CY2015 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
12082000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
619000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1290000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3757000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2045000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6634000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-3427000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-1275000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1554000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3540000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-983000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-168000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3943000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-860000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-282000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-3033000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3693000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-482000 USD
CY2015 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.30
CY2016Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.37
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.84
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.23
CY2017 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
-271000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.04
CY2016 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.94
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-87404000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
736000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
6197000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6984000 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-44000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
44790000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-72594000 USD
CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-78000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-233000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-387000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.20
CY2017Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.07
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.72
CY2017Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.88
CY2017 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.11
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-468000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-770000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2691000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2945000 USD
CY2015 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
770000 USD
CY2016 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
-1921000 USD
CY2017 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
2945000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1038000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
2007000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
716000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1552000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1165000 USD
CY2015 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
0 USD
CY2016 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
770000 USD
CY2017 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
0 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
144000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
62000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
153000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
143000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
2589000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
459000 USD
CY2016Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
2735000 USD
CY2017Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1317000 USD
CY2015 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
0 USD
CY2016 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
0 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15368000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
34935000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5399000 USD
CY2015 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1617000 USD
CY2016 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
148000 USD
CY2017 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-1418000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-5810000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-166000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
52000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-991000 USD
CY2015 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-283000 USD
CY2016 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-1710000 USD
CY2017 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
1067000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-878000 USD
CY2015 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-8351000 USD
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-492000 USD
CY2017 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-831000 USD
CY2015 us-gaap Interest Expense
InterestExpense
13000 USD
CY2016 us-gaap Interest Expense
InterestExpense
2000 USD
CY2017 us-gaap Interest Expense
InterestExpense
27000 USD
CY2015 us-gaap Interest Paid
InterestPaid
13000 USD
CY2016 us-gaap Interest Paid
InterestPaid
2000 USD
CY2017 us-gaap Interest Paid
InterestPaid
22000 USD
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
327000 USD
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
582000 USD
CY2017 us-gaap Investment Income Interest
InvestmentIncomeInterest
1103000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
11168000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
11314000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
12073000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
95560000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
135585000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
246872000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
282704000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
86074000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
129598000 USD
CY2016Q4 us-gaap Long Term Investments
LongTermInvestments
2500000 USD
CY2017Q4 us-gaap Long Term Investments
LongTermInvestments
425000 USD
CY2016Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
500000 USD
CY2017Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
CY2017Q2 us-gaap Loss Contingency Accrual Carrying Value Period Increase Decrease
LossContingencyAccrualCarryingValuePeriodIncreaseDecrease
-500000 USD
CY2016Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
354000 USD
CY2017Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
273000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-3712000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-3711000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-3829000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-10072000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-7768000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-216000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-482000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
25477000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
6944000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
26096000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-1275000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
1430000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
3404000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-2153000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
-168000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
2513000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
-860000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-282000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-3033000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
3693000 USD
us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
0 USD
CY2015 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-17622000 USD
CY2016 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-1391000 USD
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
314000 USD
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
580000 USD
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4929000 USD
CY2017 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2017Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
48 state
CY2015 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
6931000 USD
CY2016 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
2084000 USD
CY2017 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
948000 USD
CY2015 us-gaap Oil And Gas Revenue
OilAndGasRevenue
5063000 USD
CY2016 us-gaap Oil And Gas Revenue
OilAndGasRevenue
3410000 USD
CY2017 us-gaap Oil And Gas Revenue
OilAndGasRevenue
1427000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-2359000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
6054000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
1502000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
3407000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2758000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
32000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
63000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
68000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
463000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
23000 USD
CY2015 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-2269000 USD
CY2016 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-440000 USD
CY2017 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-962000 USD
CY2015 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
0 USD
CY2016 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
4700000 USD
CY2017 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
0 USD
CY2015 us-gaap Payments Of Dividends
PaymentsOfDividends
3712000 USD
CY2016 us-gaap Payments Of Dividends
PaymentsOfDividends
3711000 USD
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
3711000 USD
CY2016Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1403000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11074000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8484000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2644000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1.00
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1.00
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
960000 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
960000 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2097000 USD
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1264000 USD
CY2017Q4 us-gaap Prepaid Insurance
PrepaidInsurance
425000 USD
CY2015 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
2775000 USD
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
719000 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3706000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
720000 USD
CY2015 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
11074000 USD
CY2016 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
8484000 USD
CY2017 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
2644000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
190648000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
126276000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46325000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
29362000 USD
CY2015 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
27000 USD
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
19000 USD
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
78000 USD
CY2015 us-gaap Refining And Marketing Costs
RefiningAndMarketingCosts
1841893000 USD
CY2016 us-gaap Refining And Marketing Costs
RefiningAndMarketingCosts
1016733000 USD
CY2017 us-gaap Refining And Marketing Costs
RefiningAndMarketingCosts
1247763000 USD
CY2015 us-gaap Refining And Marketing Revenue
RefiningAndMarketingRevenue
1875885000 USD
CY2016 us-gaap Refining And Marketing Revenue
RefiningAndMarketingRevenue
1043775000 USD
CY2017 us-gaap Refining And Marketing Revenue
RefiningAndMarketingRevenue
1267275000 USD
CY2015 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
CY2016 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
CY2017 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
118000 USD
us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
423000 USD
CY2015 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
5066000 USD
CY2016 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
1546000 USD
CY2015 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
817000 USD
CY2016 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
0 USD
CY2017 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
0 USD
us-gaap Results Of Operations Exploration Expense
ResultsOfOperationsExplorationExpense
0 USD
us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
1427000 USD
CY2015 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
5063000 USD
CY2015 us-gaap Results Of Operations Exploration Expense
ResultsOfOperationsExplorationExpense
1667000 USD
CY2016 us-gaap Results Of Operations Exploration Expense
ResultsOfOperationsExplorationExpense
0 USD
us-gaap Results Of Operations Impairment Of Oil And Gas Properties
ResultsOfOperationsImpairmentOfOilAndGasProperties
0 USD
CY2015 us-gaap Results Of Operations Impairment Of Oil And Gas Properties
ResultsOfOperationsImpairmentOfOilAndGasProperties
10324000 USD
CY2016 us-gaap Results Of Operations Impairment Of Oil And Gas Properties
ResultsOfOperationsImpairmentOfOilAndGasProperties
30000 USD
us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
53000 USD
CY2015 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
-19016000 USD
CY2016 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
-1503000 USD
us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
19000 USD
CY2015 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
-6656000 USD
CY2016 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
-526000 USD
us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
34000 USD
CY2015 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
-12360000 USD
CY2016 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
-977000 USD
us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
951000 USD
CY2015 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
7022000 USD
CY2016 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
3337000 USD
CY2016 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
3410000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
139197000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
135004000 USD
CY2015 us-gaap Revenues
Revenues
1944279000 USD
CY2016Q1 us-gaap Revenues
Revenues
250531000 USD
CY2016Q2 us-gaap Revenues
Revenues
293163000 USD
CY2016Q3 us-gaap Revenues
Revenues
256877000 USD
CY2016Q4 us-gaap Revenues
Revenues
298969000 USD
CY2016 us-gaap Revenues
Revenues
1099540000 USD
CY2017Q1 us-gaap Revenues
Revenues
303087000 USD
CY2017Q2 us-gaap Revenues
Revenues
315202000 USD
CY2017Q3 us-gaap Revenues
Revenues
295311000 USD
CY2017Q4 us-gaap Revenues
Revenues
408460000 USD
CY2017 us-gaap Revenues
Revenues
1322060000 USD
us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
0 USD
CY2015 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
38000 USD
CY2016 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
181000 USD
us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
476000 USD
CY2015 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-1038000 USD
CY2016 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
-87000 USD
CY2015 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
52076000 USD
CY2016 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
45154000 USD
CY2017 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
48538000 USD
us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-493000 USD
CY2015 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-3603000 USD
CY2016 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
StandardizedMeasureOfDiscountedFutureNetCashFlowOfProvedOilAndGasReservesOther
-945000 USD
us-gaap Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
130000 USD
CY2015 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
1116000 USD
CY2016 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
194000 USD
CY2014Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
15744000 USD
CY2015Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
3527000 USD
CY2016Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
2260000 USD
CY2017Q2 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
0 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
157497000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
152510000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
151312000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
147119000 USD
CY2015 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-188000 USD
CY2016 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
243000 USD
CY2017 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-27000 USD
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4218000 shares
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4218000 shares
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4218000 shares
CY2017Q4 us-gaap Workers Compensation Liability Current And Noncurrent
WorkersCompensationLiabilityCurrentAndNoncurrent
500000 USD
CY2017 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivative Instruments</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the normal course of our operations, our crude oil marketing segment purchases and sells crude oil. We seek to profit by procuring the commodity as it is produced and then delivering the product to the end users or the intermediate use marketplace. As typical for the industry, these transactions are made pursuant to the terms of forward month commodity purchase and/or sale contracts. Some of these contracts meet the definition of a derivative instrument, and therefore, we account for these contracts at fair value, unless the normal purchase and sale exception is applicable. These types of underlying contracts are standard for the industry and are the governing document for our crude oil marketing segment. None of our derivative instruments have been designated as hedging instruments.</font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of our financial statements in conformity with GAAP requires management to use estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We base our estimates and judgments on historical experience and on various other assumptions and information we believe to be reasonable under the circumstances. Estimates and assumptions about future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as the operating environment changes. While we believe the estimates and assumptions used in the preparation of the consolidated financial statements are appropriate, actual results could differ from those estimates.</font></div></div>

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