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Other Long-Term Obligations (Tables)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Other Long-Term Obligations    
Schedule of federal coal lease obligations  

 

 
  2011   2010  

Federal coal lease obligations, current

  $ 102,198   $ 54,630  

Federal coal lease obligations, noncurrent

    186,119     63,659  
           

Total federal coal lease obligations

  $ 288,317   $ 118,289  
           
Schedule of payments for federal coal lease obligations

 

 

 
   
   
  2011   2010  
Payment Dates
  Annual
Payment
  Imputed
Interest Rate
  Carrying
Value
  Fair Value(1)   Carrying
Value
  Fair Value  

December 1, 2007 - 2011

  $ 3,980     6.80 % $   $   $ 3,728   $ 3,868  

August 1, 2008 - 2012

  $ 50,160     7.50 %   46,661     48,867     90,068     96,447  

May 1, 2009 - 2013

  $ 9,620     8.70 %   16,998     18,517     24,493     27,298  

July 1, 2011 - 2015

  $ 59,545     8.50 %   192,892     215,796          

September 1, 2011 - 2015

  $ 9,862     8.50 %   31,766     35,293          
                               

 

              $ 288,317   $ 318,473   $ 118,289   $ 127,613  
                               

(1)
The fair value of estimates for federal coal lease obligations were determined by discounting the remaining lease payments using a current estimate of the credit-adjusted, risk-free rate based on our current credit rating.
 
Schedule of future payments on federal coal leases

 

Year Ended December 31,
   
 

2012

  $ 129.2  

2013

    79.0  

2014

    69.4  

2015

    69.4  
       

Total

    347.0  

Less: imputed interest

    58.7  
       

Total principal payments

    288.3  

Less: current portion

    102.2  
       

Long-term federal coal leases payable

  $ 186.1  
       
 
Schedule of imputed interest
 
  2011   2010   2009  

Imputed interest

  $ 19,619   $ 11,672   $ 14,183  
 
Schedule of purchase obligations in connection with the acquisitions of land and mineral rights

 

 
  2011   2010

Purchase obligations, total

  $6,567   $8,071

Interest rate

  6% - 8%   6% - 8%