| Disposal Groups, Including Discontinued Operations |
The adjusted carrying amounts of the major classes of assets and liabilities included in discontinued operations are as follows:
|
|
|
|
|
|
|
|
|
|
March 31,
2016 |
|
June 30,
2015 |
|
(In thousands) |
Carrying amounts of major classes of assets included as part of discontinued operations: |
|
|
|
Cash |
$ |
72 |
|
|
$ |
282 |
|
Accounts receivable |
188 |
|
|
504 |
|
Inventories |
232 |
|
|
298 |
|
Other classes of current assets that are not major |
68 |
|
|
77 |
|
Property and equipment, net |
23,352 |
|
|
35,593 |
|
Other classes of assets that are not major |
336 |
|
|
376 |
|
Total assets of the disposal group classified as held for sale in the balance sheet |
$ |
24,248 |
|
|
$ |
37,130 |
|
|
|
|
|
Carrying amounts of major classes of liabilities included as part of discontinued operations: |
|
|
|
Accounts payable |
$ |
1,634 |
|
|
$ |
1,751 |
|
Note payable |
5,500 |
|
|
5,500 |
|
Asset retirement obligations |
2,774 |
|
|
2,647 |
|
Other classes of liabilities that are not major |
68 |
|
|
104 |
|
Total liabilities of the disposal group classified as held for sale in the balance sheet |
$ |
9,976 |
|
|
$ |
10,002 |
|
The results of operations of the CO2 Business were reclassified to discontinued operations in the third quarter of fiscal year 2016. Prior period amounts related to discontinued operations in the unaudited condensed consolidated statement of operations and statement of cash flows have also been reclassified to conform to the current period presentation. Summarized results of the Company's discontinued operations are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THREE MONTHS ENDED |
|
NINE MONTHS ENDED |
|
March 31, |
|
March 31, |
|
2016 |
|
2015 |
|
2016 |
|
2015 |
|
(In thousands) |
Revenue |
$ |
344 |
|
|
$ |
688 |
|
|
$ |
1,559 |
|
|
$ |
3,543 |
|
Operating, exploration and general and administrative expenses |
534 |
|
|
1,926 |
|
|
2,533 |
|
|
5,085 |
|
Depletion, depreciation, amortization and accretion |
203 |
|
|
209 |
|
|
607 |
|
|
651 |
|
Impairment expense |
11,280 |
|
|
— |
|
|
11,280 |
|
|
— |
|
Interest expense and other disposal costs |
797 |
|
|
67 |
|
|
893 |
|
|
115 |
|
Total expenses |
12,814 |
|
|
$ |
2,202 |
|
|
$ |
15,313 |
|
|
5,851 |
|
Non-controlling interest |
(12 |
) |
|
(165 |
) |
|
(36 |
) |
|
(336 |
) |
Loss from discontinued operations before tax |
$ |
(12,458 |
) |
|
$ |
(1,349 |
) |
|
$ |
(13,718 |
) |
|
$ |
(1,972 |
) |
|