Acquisition of the Predecessor (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Business Acquisitions, by Acquisition

The following tables summarize the final purchase price allocation, including the applicable measurement-period adjustments made upon finalization during the first quarter of 2017 (in thousands):



Final purchase price:
Cash paid	$	50,830
Fair value of First Lien Obligations relinquished in exchange for net assets of the Predecessor	598,607
Total purchase price	$	649,437



Final fair values of assets acquired and liabilities assumed:
Cash and cash equivalents	$	26,723
Trade and other receivables	14,358
Inventories	46,464
Prepaid expenses and other current assets	30,722
Mineral interests	144,224
Property, plant and equipment	533,441
Other long-term assets	28,865
Total assets	824,797
Accounts payable	10,470
Accrued expenses	12,843
Other current liabilities	24,044
Current debt	2,879
Long-term debt	5,758
Deferred income taxes	1,400
Other long-term liabilities	117,966
Total liabilities	175,360
Total fair value of net assets acquired	$	649,437

Business Acquisition, Pro Forma Information

The following unaudited pro forma results of operations give effect to the Asset Acquisition as if it had occurred on January 1, 2015. This unaudited pro forma financial information should not be relied upon as necessarily being indicative of the historical results that would have been obtained if the Asset Acquisition had actually occurred on that date, nor the results of operations in the future. The 2016 supplemental unaudited pro forma financial information was adjusted to (i) reflect the impact of certain fair value adjustments, including an adjustment to depreciation and depletion expense as a result of a change in the basis of Property, Plant and Equipment and Mineral Interests, (ii) eliminate historical interest expense related to the notes, loans and other debt that was not assumed by the Company as part of the Asset Acquisition, (iii) eliminate a gain on reorganization items associated with the Chapter 11 Cases and (iv) eliminate the Predecessor's historical other postretirement benefit expense associated with the Predecessor's historical other postretirement benefit obligations for retiree medical and life insurance benefits, which were not assumed by the Company.



	Predecessor
	For the three months ended March 31, 2016
(in thousands)	As reported			Pro forma
Revenue	$	71,383		$	71,383
Net loss	$	(61,816	)	$	(31,759	)