BUSINESS SEGMENT INFORMATION

9 Months Ended

Sep. 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 September 30, 2014
Revenues	$	165,051	$	151,340		$	21,439		$	—		$	—		$	337,830
Restructuring charges	292		2,411			(40		)	—			602			3,265
Depreciation, depletion, and amortization	13,771		11,862			2,504			—			38			28,175
Operating income (loss)	4,793		(1,453		)	(26,413		)	(3,915		)	(2,444		)	(29,432		)
Total assets	665,292		607,565			163,528			15,996			126,127			1,578,508
Capital expenditures	12,841		5,280			164			—			—			18,285
Three Months Ended September 30, 2013
Revenues	$	151,881	$	—		$	24,911		$	—		$	—		$	176,792
Depreciation, depletion, and amortization	14,838		—			2,552			—			44			17,434
Operating income (loss)	9,564		—			5,087			(4,326		)	(1,789		)	8,536
Total assets	714,841		—			180,967			15,419			28,612			939,839
Capital expenditures	6,803		—			17			—			(64		)	6,756
Nine Months Ended September 30, 2014
Revenues	$	473,350	$	267,387		$	65,252		$	—		$	—		$	805,989
Restructuring charges	783		9,058			459			—			907			11,207
Depreciation, depletion, and amortization	40,552		20,533			7,512			—			116			68,713
Operating income (loss)	17,069		(14,162		)	(34,147		)	(11,303		)	(8,478		)	(51,021		)
Total assets	665,292		607,565			163,528			15,996			126,127			1,578,508
Capital expenditures	22,427		12,775			419			—			25			35,646
Nine Months Ended September 30, 2013
Revenues	$	433,330	$	—		$	67,409		$	—		$	—		$	500,739
Depreciation, depletion, and amortization	39,496		—			7,632			—			129			47,257
Operating income (loss)	35,130		—			8,922			(12,031		)	(5,776		)	26,245
Total assets	714,841		—			180,967			15,419			28,612			939,839
Capital expenditures	19,022		—			715			—			486			20,223

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(1) The Canadian operations were acquired on April 28, 2014, therefore, information for the nine months ended September 30, 2014 includes approximately five 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 September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
	(In thousands)
Income (loss) from operations	$	(29,432	)	$	8,536		$	(51,021	)	$	26,245
Loss on extinguishment of debt	(13		)	—			(12,648		)	(64		)
Interest expense	(21,251		)	(9,909		)	(63,835		)	(30,145		)
Interest income	2,468			301			4,351			878
Loss on foreign exchange	(1,742		)	—			(5,883		)	—
Other income	118			89			697			287
Income (loss) before income taxes	$	(49,852	)	$	(983	)	$	(128,339	)	$	(2,799	)