BUSINESS SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION

Segment information is based on a management approach, which requires segmentation based upon the Company’s internal organization, reporting of revenue, and operating income.

The Company’s operations are classified into five reporting segments: Coal - U.S., Coal - Canada, Power, Heritage and Corporate. The Canadian Acquisition was completed on April 28, 2014 and the segment "Coal - Canada" has not been previously presented. The business segment information for the Company's U.S. coal operations was previously reported in the "Coal" segment in the 2013 Form 10-K since the Company previously only held coal operations in the U.S.

Summarized financial information by segment is as follows:

	Coal - U.S.			Coal - Canada(1)			Power			Heritage			Corporate			Consolidated
	(In thousands)
Three Months Ended June 30, 2014
Revenues	$	150,107		$	116,046		$	21,803		$	—		$	—		$	287,956
Restructuring charges	491			6,646			101			—			305			7,543
Depreciation, depletion, and amortization	13,283			8,671			2,486			—			39			24,479
Operating income (loss)	(423		)	(12,709		)	(9,473		)	(3,559		)	(3,476		)	(29,640		)
Total assets	670,375			687,185			165,763			15,664			44,734			1,583,721
Capital expenditures	6,533			7,495			220			—			63			14,311
Three Months Ended June 30, 2013
Revenues	$	139,337		$	—		$	23,162		$	—		$	—		$	162,499
Depreciation, depletion, and amortization	12,804			—			2,551			—			42			15,397
Operating income (loss)	12,572			—			4,837			(3,530		)	(1,904		)	11,975
Total assets	699,556			—			183,855			16,305			33,887			933,603
Capital expenditures	7,209			—			564			—			393			8,166
Six Months Ended June 30, 2014
Revenues	$	308,298		$	116,046		$	43,815		$	—		$	—		$	468,159
Restructuring charges	491			6,646			499			—			305			7,941
Depreciation, depletion, and amortization	26,780			8,671			5,009			—			78			40,538
Operating income (loss)	12,275			(12,709		)	(7,731		)	(7,389		)	(6,034		)	(21,588		)
Total assets	670,375			687,185			165,763			15,664			44,734			1,583,721
Capital expenditures	9,586			7,495			255			—			25			17,361
Six Months Ended June 30, 2013
Revenues	$	281,449		$	—		$	42,498		$	—		$	—		$	323,947
Depreciation, depletion, and amortization	24,658			—			5,081			—			84			29,823
Operating income (loss)	25,566			—			3,836			(7,705		)	(3,987		)	17,710
Total assets	699,556			—			183,855			16,305			33,887			933,603
Capital expenditures	12,219			—			698			—			550			13,467

____________________

(1) The Canadian operations were acquired on April 28, 2014, therefore, information for the three and six months ended June 30, 2014 includes approximately two months of operations and there is no activity for 2013.

Certain amounts in prior periods have been reclassified to conform with the presentation of 2014. The reclassification affected depreciation, depletion and amortization and operating income (loss) between the Coal U.S. segment and the Corporate segment.

A reconciliation of segment income (loss) from operations to loss before income taxes follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
	(In thousands)
Income (loss) from operations	$	(29,640	)	$	11,975		$	(21,588	)	$	17,710
Loss on extinguishment of debt	(12,635		)	(64		)	(12,635		)	(64		)
Interest expense	(21,786		)	(10,076		)	(42,584		)	(20,236		)
Interest income	1,582			280			1,884			577
Gain (loss) on foreign exchange	2,649			—			(4,141		)	—
Other income	483			130			576			198
Income (loss) before income taxes	$	(59,347	)	$	2,245		$	(78,488	)	$	(1,815	)