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Derivatives (Tables)
 12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Price Risk Derivatives
At December 31, 2016, the Company held derivatives for risk management purposes that are expected to settle in the following years:
 
(Tons in thousands)
 
2017
 
2018
 
Total
Coal sales
 
540

 
—

 
540

Coal purchases
 
480

 
—

 
480
Disclosure Of Fair Value Of Derivatives
 The fair value and location of derivatives reflected in the accompanying consolidated balance sheets are as follows:
 
 
Successor
 
 
 
Predecessor
 
 
 
 
December 31, 2016
 
 
 
December 31, 2015
 
 
Fair Value of Derivatives
 
Asset
 
Liability
 
 
 
Asset
 
Liability
 
 
(In thousands)
 
Derivative
 
Derivative
 
 
 
Derivative
 
Derivative
 
 
Derivatives Designated as Hedging Instruments
 
 

 
 

 
 

 
 

 
 

 
 

Coal
 
$
—

 
$
(15
)
 
 

 
$
4

 
$
(20
)
 
 

 
 


 


 
 
 


 


 
 

Derivatives Not Designated as Hedging Instruments
 
 

 
 

 
 

 
 

 
 

 
 

Heating oil -- diesel purchases
 
4,646

 
—

 
 

 
1,017

 
—

 
 

Coal held for trading purposes, exchange traded swaps and futures
 
68,948

 
(68,740
)
 
 

 
110,653

 
(104,814
)
 
 

Coal -- risk management
 
475

 
(580
)
 
 

 
3,912

 
(1,947
)
 
 

Natural gas
 
86

 
(13
)
 
 
 
494

 
(247
)
 
 
Total
 
74,155

 
(69,333
)
 
 

 
116,076

 
(107,008
)
 
 

Total derivatives
 
74,155

 
(69,348
)
 
 

 
116,080

 
(107,028
)
 
 

Effect of counterparty netting
 
(69,247
)
 
69,247

 
 

 
(107,028
)
 
107,028

 
 

Net derivatives as classified in the balance sheets
 
$
4,908

 
$
(101
)
 
$
4,807

 
$
9,052

 
$
—

 
$
9,052

 
 
 
 
 
Successor
Predecessor
 
 
 
 
December 31, 2016
December 31, 2015
Net derivatives as reflected on the balance sheets
 
 
 
 

 

Heating oil
 
Other current assets
 
$
4,646

$
1,017

Coal
 
Coal derivative assets
 
262

8,035

 
 
Accrued expenses and other current liabilities
 
(101
)
—

 
 
 
 
$
4,807

$
9,052
Effects Of Derivatives On Measures Of Financial Performance
The effects of derivatives on measures of financial performance are as follows: 

Derivatives used in Cash Flow Hedging Relationships (in thousands)
For the noted periods,
 
 
Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)
 
 
Successor
Predecessor
 
 
October 2 through December 31, 2016
January 1 through October 1, 2016
 
Year Ended December 31, 2015
 
Year Ended December 31, 2014
Coal sales
(1) 
$
—

$
(672
)
 
$
12,816

 
10,842

Coal purchases
(2) 
—

536

 
(6,718
)
 
(5,097
)
 
 
$
—

$
(136
)
 
$
6,098

 
$
5,745

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gains (Losses) Reclassified from Other Comprehensive Income into Income
(Effective Portion)
 
 
Successor
Predecessor
 
 
October 2 through December 31, 2016
January 1 through October 1, 2016
 
Year Ended December 31, 2015
 
Year Ended December 31, 2014
Coal sales
 
$
—

$
1,634

 
$
18,635

 
$
5,336

Coal purchases
 
—

(1,237
)
 
(9,060
)
 
(2,693
)
 
 
$
—

$
397

 
$
9,575

 
$
2,643

 
 
 
 
 
 
 
 
 
No ineffectiveness or amounts excluded from effectiveness testing relating to the Company’s cash flow hedging relationships were recognized in the results of operations in the Successor period from October 2 through December 31, 2016, the Predecessor period from January 1 through October 1, 2016, and for the Predecessor years ended December 31, 2015, and 2014.  
 


Derivatives Not Designated as Hedging Instruments (in thousands)
For the noted periods,
 
 
Gain (Loss) Recognized
 
 
Successor
Predecessor
 
 
October 2 through December 31, 2016
January 1 through October 1, 2016
 
Year Ended December 31, 2015
 
Year Ended December 31, 2014
Coal — unrealized
(3) 
$
(408
)
$
(1,662
)
 
$
(3,883
)
 
$
430

Coal — realized
(4) 
$
116

$
(476
)
 
$
3,236

 
$
5,956

Heating oil — diesel purchases
(4) 
$
827

$
826

 
$
(8,294
)
 
$
(7,848
)
Heating oil — fuel surcharges
(4) 
$
—

$
—

 
$
—

 
$
(405
)
Natural gas
 
$
(91
)
$
(463
)
 
$
878

 
$
—

Foreign currency
 
$
(9
)
$
(451
)
 
$
(887
)
 
$
—



Location in statement of operations:
(1) — Revenues
(2) — Cost of sales
(3) — Change in fair value of coal derivatives and coal trading activities, net
(4) — Other operating income, net