BUSINESS SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2015

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 six reporting segments: Coal - U.S., Coal - Canada, Coal - WMLP, Power, Heritage, and Corporate and Eliminations. The Buckingham operations are included in the Company’s Coal - U.S. segment.

Summarized financial information by segment is as follows:

	Coal - U.S.(1)		Coal - Canada(2)		Coal - WMLP(3)			Power		Heritage			Corporate and Eliminations(4)			Consolidated
	(In thousands)
Three Months Ended March 31, 2015
Revenues	$	196,392	$	103,242	$	67,567		$	20,647	$	—		$	(16,365	)	$	371,483
Restructuring charges	—		—		553			—		—			—			553
Depreciation, depletion, and amortization	14,088		11,265		10,180			2,484		—			42			38,059
Operating income (loss)	11,266		9,865		(4,517		)	413		(3,349		)	(5,223		)	8,455
Total assets	733,833		593,684		296,131			172,310		16,005			17,785			1,829,748
Capital expenditures	10,399		4,049		1,570			579		—			(3,570		)	13,027
Three Months Ended March 31, 2014
Revenues	$	158,190	$	—	$	—		$	22,012	$	—		$	—		$	180,202
Restructuring charges	—		—		—			397		—			—			397
Depreciation, depletion, and amortization	13,459		—		—			2,524		—			76			16,059
Operating income (loss)	13,447		—		—			1,744		(3,830		)	(3,308		)	8,053
Total assets	697,916		—		—			167,998		15,622			525,611			1,407,147
Capital expenditures	3,053		—		—			35		—			(38		)	3,050

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(1) The Buckingham Acquisition was completed on January 1, 2015. For the three months ended March 31, 2015, revenues and operating income for Buckingham were $30.1 million and $1.0 million, respectively.

(2) The Canadian operations were acquired on April 28, 2014, therefore, there is no activity for the three months ended March 31, 2014.

(3) The operations reported under the segment Coal - WMLP were acquired on December 31, 2014, therefore, there is no activity for the three months ended March 31, 2014.

(4) The Coal - WMLP segment recorded revenues of $16.4 million for intersegment revenues to the Coal - U.S. segment.

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

	Three Months Ended March 31,
	2015			2014
	(In thousands)
Income from operations	$	8,455		$	8,053
Interest expense	(24,735		)	(20,798		)
Interest income	2,140			302
Gain (loss) on foreign exchange	2,109			(6,790		)
Other income	193			93
Loss before income taxes	$	(11,838	)	$	(19,140	)