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ACQUISITION (Tables)
3 Months Ended
Mar. 31, 2016
Business Acquisition [Line Items]  
Summary of pro forma information
The following unaudited pro forma information has been prepared for illustrative purposes only and assumes the San Juan Acquisition occurred on January 1, 2015. 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 acquisitions occurred on the dates indicated above, or of future results of operations.
(In thousands, except per share data)
Three Months Ended March 31,
 
Three Months Ended March 31,
 
2016
 
2015
Total Revenues
 
 
 
As reported
$
354,721

 
$
371,483

Pro forma (unaudited)
$
380,996

 
$
451,782

 


 
 
Operating Income
 
 
 
As reported
$
11,538

 
$
8,455

Pro forma (unaudited)
$
12,633

 
$
18,148

 
 
 
 
Net income (loss) applicable to common shareholders
 
 
 
As reported
$
30,584

 
$
(11,732
)
Pro forma (unaudited)
$
31,009

 
$
(5,587
)
 
 
 
 
Net income (loss) per share applicable to common shareholders (basic and diluted)
 
 
 
As reported
$
1.67

 
$
(0.67
)
Pro forma (unaudited)
$
1.70

 
$
(0.32
)


San Juan Coal Company  
Business Acquisition [Line Items]  
Summary of purchase consideration and allocation of purchase consideration
A preliminary allocation of the purchase consideration follows (in millions):
 
Provisional
as of
March 31,
2016
Purchase price:
 
Cash paid
$
126.9

 
 
Preliminary allocation of purchase price:
 
Assets:
 
     Inventories - coal and supplies
$
8.8

     Other Receivables
9.5

Contractual third-party reclamation receivable
4.6

Total current assets
22.9

     Land and mineral rights
108.8

     Plant and equipment
73.5

Contractual third-party reclamation receivable
66.8

Other assets
10.5

Total assets
282.5

Liabilities:
 
     Trade payables and other accrued liabilities
13.5

Production taxes
2.0

     Other liabilities
9.4

Asset retirement obligations
4.6

Total current liabilities
29.5

     Asset retirement obligations, less current portion
66.8

Postretirement medical
1.9

Deferred income taxes
48.0

     Other liabilities
9.4

Total liabilities
155.6

Net fair value
$
126.9