Divestitures

9 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Divestitures

Divestitures

During the first quarter of 2014, the Company entered into agreements to sell an operating thermal coal complex and an idled thermal coal mine in Kentucky and the Company's ADDCAR subsidiary, which manufactures a patented highwall mining system. The sales closed in the first quarter of 2014 for total consideration of $45.3 million. The Company received $26.3 million in cash in the first quarter of 2014, and the remainder was paid in the second and fourth quarters of 2014. The Company recognized a net pre-tax gain of $14.3 million from these divestitures, reflected in "other operating (income) expense, net" in the Condensed Consolidated Statements of Operations.