XML 30 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Coal revenues $ 468,367 $ 606,960
Other revenues 2,093 2,154
Total revenues 470,460 609,114
Costs and expenses:    
Cost of coal sales (exclusive of items shown separately below) 397,860 515,694
Depreciation, depletion and amortization 54,465 61,271
Accretion on asset retirement obligations 7,375 6,232
Amortization of acquired intangibles, net 865 (6,683)
Asset impairment 33,709 0
Selling, general and administrative expenses (exclusive of depreciation, depletion and amortization shown separately above) 15,481 20,951
Merger-related costs 0 831
Total other operating (income) loss:    
Mark-to-market adjustment for acquisition-related obligations (14,997) 1,936
Other income (580) (8,899)
Total costs and expenses 494,178 591,333
(Loss) income from operations (23,718) 17,781
Other income (expense):    
Interest expense (17,605) (15,155)
Interest income 978 1,936
Equity loss in affiliates (743) (484)
Miscellaneous loss, net (908) (866)
Total other expense, net (18,278) (14,569)
(Loss) income from continuing operations before income taxes (41,996) 3,212
Income tax benefit 2,188 4,778
Net (loss) income from continuing operations (39,808) 7,990
Discontinued operations:    
Loss from discontinued operations before income taxes 0 (1,590)
Income tax benefit from discontinued operations 0 415
Loss from discontinued operations 0 (1,175)
Net (loss) income $ (39,808) $ 6,815
Basic (loss) income per common share:    
(Loss) income from continuing operations (in dollars per share) $ (2.18) $ 0.42
Loss from discontinued operations (in dollars per share) 0.00 (0.06)
Net (loss) income (in dollars per share) (2.18) 0.36
Diluted (loss) income per common share:    
(Loss) income from continuing operations (in dollars per share) (2.18) 0.41
Loss from discontinuing operations (in dollars per share) 0.00 (0.06)
Net (loss) income (in dollars per share) $ (2.18) $ 0.35
Weighted average shares - basic (in shares) 18,245,911 18,894,315
Weighted average shares - diluted (in shares) 18,245,911 19,538,629