Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

v3.10.0.1
Shareholders' Equity
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Shareholders' Equity
Shareholders’ Equity
The following tables summarize the components of our shareholders equity and the changes therein as of and for the three and nine months ended September 30, 2018 and 2017.
 
 
Common Stock
 
Paid-in Capital
 
Retained Earnings
 
Accumulated Other Comprehensive Income
 
Total Shareholders' Equity
Balance as of December 31, 2017
 
$
150

 
$
194,123

 
$
27,366

 
$

 
$
221,639

Net income
 

 

 
10,295

 

 
10,295

All other changes 1
 
1

 
988

 
(2,659
)
 

 
(1,670
)
Balance as of March 31, 2018
 
$
151

 
$
195,111

 
$
35,002

 
$

 
$
230,264

Net loss
 

 

 
(2,521
)
 

 
(2,521
)
All other changes 1
 

 
869

 

 

 
869

Balance as of June 30, 2018
 
$
151

 
$
195,980

 
$
32,481

 
$

 
$
228,612

Net income
 

 

 
16,276

 

 
16,276

All other changes 1
 

 
1,020

 

 

 
1,020

Balance as of September 30, 2018
 
$
151

 
$
197,000

 
$
48,757

 
$

 
$
245,908

_______________________
1 Includes equity-classified share-based compensation of $3.5 million during the nine months ended September 30, 2018. During the nine months ended September 30, 2018, 53,411 and 1,495 shares of common stock were issued in connection with the vesting of certain time-vested restricted stock units (“RSUs”) and performance restricted stock units (“PRSUs”), net of shares withheld for income taxes, respectively. This also includes a write-off of $2.7 million for certain accounts receivable attributable to natural gas imbalances accounted for under the entitlements method prior to January 1, 2018, in connection with the adoption of ASC Topic 606 (see Note 5).
 
 
Common Stock
 
Paid-in Capital
 
Retained Earnings/(Accumulated Deficit)
 
Accumulated Other Comprehensive Income
 
Total Shareholders' Equity
Balance as of December 31, 2016
 
$
150

 
$
190,621

 
$
(5,296
)
 
$
73

 
$
185,548

Net income
 

 

 
28,081

 

 
28,081

All other changes 1
 

 
835

 

 

 
835

Balance as of March 31, 2017
 
$
150

 
$
191,456

 
$
22,785

 
$
73

 
$
214,464

Net income
 

 

 
21,329

 

 
21,329

All other changes 1
 

 
903

 

 

 
903

Balance as of June 30, 2017
 
$
150

 
$
192,359

 
$
44,114

 
$
73

 
$
236,696

Net loss
 

 

 
(5,947
)
 

 
(5,947
)
All other changes 1
 

 
1,013

 

 

 
1,013

Balance as of September 30, 2017
 
$
150

 
$
193,372

 
$
38,167

 
$
73

 
$
231,762

_______________________
1 Includes equity-classified share-based compensation of $2.7 million during the nine months ended September 30, 2017 and $0.1 million from the receipt in May 2017 of proceeds attributable to the rights offering in 2016 that had been held in escrow, net of costs to register our common stock. During the nine months ended September 30, 2017, 12,252 shares of common stock were issued in connection with vesting of certain RSUs, net of shares withheld for income taxes.