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ACQUISITION (Tables)
 6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Summary of purchase consideration and allocation of purchase consideration
A summary of the purchase consideration and a preliminary allocation of the purchase consideration follows (in millions):
Purchase Price:
 
Cash paid - Initial payment
$
282.8

Cash paid - Working capital adjustment
39.8

Total cash consideration
$
322.6

 
 
Preliminary allocation of purchase price:
 
Assets:
 
     Cash and cash equivalents
$
26.2

     Trade receivables
49.9

     Inventories - materials and supplies
52.0

     Inventories - coal
79.8

     Leases and loans receivable
11.2

     Deferred tax assets
6.7

     Other current assets
3.4

Total current assets
229.2

     Land and mineral rights
151.3

     Plant and equipment
171.7

     Leases and loans receivable
83.8

     Contractual third-party reclamation receivables, less current portion
6.8

     Other assets
10.3

Total Assets
653.1

Liabilities:
 
     Current installments of long-term debt
(36.3
)
     Trade payables and other accrued liabilities
(93.7
)
     Asset retirement obligations
(9.7
)
Total current liabilities
(139.7
)
     Long-term debt, less current installments
(86.3
)
     Asset retirement obligations, less current portion
(92.4
)
     Deferred tax liabilities
(12.1
)
Total Liabilities
(330.5
)
Net fair value
$
322.6
Summary of pro forma information
The following unaudited pro forma information has been prepared for illustrative purposes only and assumes the acquisition occurred on January 1, 2013. The unaudited pro forma results have been prepared based on estimates and assumptions, which the Company believes are reasonable, however, they are not necessarily indicative of the consolidated results of operations had the acquisition occurred on January 1, 2013, or of future results of operations.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Total Revenues
(In thousands, except per share data)
As reported
$
287,956

 
$
162,499

 
$
468,159

 
$
323,947

Pro forma
$
320,761

 
$
356,962

 
$
674,378

 
$
672,735

 


 


 


 


Operating Income
 
 
 
 
 
 
 
As reported
$
(29,640
)
 
$
11,975

 
$
(21,588
)
 
$
17,710

Pro forma
$
(50,032
)
 
$
17,081

 
$
(14,433
)
 
$
30,105

 
 
 
 
 
 
 
 
Net loss applicable to common shareholders
 
 
 
 
 
 
 
As reported
$
(63,363
)
 
$
(622
)
 
$
(82,655
)
 
$
(3,347
)
Pro forma
$
(89,247
)
 
$
(4,167
)
 
$
(97,509
)
 
$
(9,131
)
 
 
 
 
 
 
 
 
Net loss per share applicable to common shareholders
 
 
 
 
 
 
 
As reported
$
(4.19
)
 
$
(0.04
)
 
$
(5.52
)
 
$
(0.23
)
Pro forma
$
(5.90
)
 
$
(0.29
)
 
$
(6.52
)
 
$
(0.63
)