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Quarterly Financial Information
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information [Abstract]  
Quarterly Financial Information [Text Block]
Quarterly Financial Information (Unaudited)

Quarterly financial data for the years ended December 31, 2012 and 2011 is summarized below:

 
March 31
 
June 30
 
September 30
 
December 31
 
 
 
(a)(b)
 
(a)
 
(b)
 
(In thousands, except per share data)
2012:
 
 
 
 
 
 
 
Revenues
$
1,039,651

 
$
1,063,538

 
$
1,087,618

 
$
968,231

Gross profit
63,704

 
54,984

 
69,249

 
37,176

Mine closure and asset impairment costs
—

 
525,762

 
(2,194
)
 
—

Goodwill and other intangible asset impairment
—

 
115,791

 
—

 
230,632

Income from operations
54,081

 
(588,984
)
 
135,960

 
(282,645
)
Net income (loss)
1,409

 
(435,424
)
 
45,751

 
(295,423
)
Basic earnings (loss) per common share
$
0.01

 
$
(2.05
)
 
$
0.22

 
$
(1.39
)
Diluted earnings (loss) per common share
$
0.01

 
$
(2.05
)
 
$
0.22

 
$
(1.39
)

 
March 31
 
June 30
 
September 30
 
December 31
 
 
 
(c)
 
(c)
 
(c)
 
(In thousands, except per share data)
2011:
 
 
 
 
 
 
 
Revenues
$
872,938

 
$
985,528

 
$
1,198,673

 
$
1,228,756

Gross profit
130,523

 
172,234

 
120,085

 
154,388

Income from operations
102,238

 
95,354

 
76,256

 
139,728

Net income
55,874

 
6,630

 
9,121

 
71,215

Basic earnings per common share
$
0.34

 
$
0.04

 
$
0.04

 
$
0.34

Diluted earnings per common share
$
0.34

 
$
0.04

 
$
0.04

 
$
0.33



(a)    The Company's results in 2012 were impacted by challenging market conditions. In response to these conditions, the Company made the decision to close or idle 10 mines in Appalachia and curtailed production at other thermal mines. See Note 3, "Mine Closure and Asset Impairment Costs".

(b)    Challenging markets also resulted in impairment charges to goodwill relating to the Black Thunder mining complex in the second quarter of 2012 and two mines in Appalachia in the fourth quarter of 2012. See Note 7, "Goodwill".

(c)     The Company expensed costs related to the June 2011 acquisition of ICG $98.2 million, $4.7 million and $1.3 million in the second, third and fourth quarters of 2011, respectively.