XML 43 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Asset Impairment and Restructuring
9 Months Ended
Sep. 30, 2013
Asset Impairment and Restructuring [Abstract]  
Asset Impairment and Restructuring
Asset Impairment and Restructuring

In connection with plans announced to curtail mining operations and the associated company actions, the Company recorded severance expenses of $(266) and $12,781 and professional fees and other expenses of $393 and $9,687 for the three and nine months ended September 30, 2013, respectively. Additionally, during the three months ended September 30, 2013, the Company tested certain of its long-lived asset groups for impairment due primarily to a longer than expected recovery in the metallurgical coal markets and lower production and shipment levels compared with previous estimates and recorded asset impairment charges totaling $1,890 related to mineral reserves in an asset group in its All Other segment.

During the second quarter of 2012, the Company recorded asset impairment charges totaling $990,923, of which $985,346 was recorded for asset groups in its Eastern Coal Operations segment and $5,577 was recorded for an asset group in the Company’s All Other segment. The asset impairment charges reduced the carrying values of mineral reserves by $714,580, property, plant and equipment by $271,827, and other acquired intangibles by $4,516. Additionally, the Company also recorded severance expenses of $7,495 and $22,931, professional fees and other expenses of $5,462 and $7,493, and reserved $719 and $7,263 for advanced royalties and deposits which may not be recoverable for the three and nine months ended September 30, 2012, respectively.