Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Components of Income Tax Expense (Benefit)

Significant components of the provision for (benefit from) income taxes are as follows:



	Successor			Predecessor
	October 2 through December 31, 2016			January 1 through October 1, 2016			Year Ended December 31, 2015			Year Ended December 31, 2014
(In thousands)
Current:
Federal	$	—		$	—		$	—		$	—
State	(252		)	7			3			25
Total current	(252		)	7			3			25
Deferred:
Federal	1,352			(4,720		)	(329,393		)	18,535
State	56			87			(43,990		)	7,074
Total deferred	1,408			(4,633		)	(373,383		)	25,609
	$	1,156		$	(4,626	)	$	(373,380	)	$	25,634

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal income tax provision (benefit) at the statutory rate to the actual provision for (benefit from) income taxes follows:



	Successor			Predecessor
	October 2 through December 31, 2016			January 1 through October 1, 2016			Year Ended December 31, 2015			Year Ended December 31, 2014
(In thousands)
Income tax provision (benefit) at statutory rate	$	12,112		$	433,109		$	(1,150,283	)	$	(186,452	)
Percentage depletion allowance	(4,292		)	(3,681		)	(19,035		)	(12,692		)
State taxes, net of effect of federal taxes	633			(46,122		)	(76,445		)	(3,903		)
Reversal of cancellation of indebtedness income	—			(1,493,162		)	—			—
Worthless stock deduction	—			(80,077		)	—			—
Change in valuation allowance	(7,655		)	1,185,326			865,146			226,929
Other, net	358			(19		)	7,237			1,752
	$	1,156		$	(4,626	)	$	(373,380	)	$	25,634

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities that result from carryforwards and temporary differences between the financial statement basis and tax basis of assets and liabilities are summarized as follows:



	Successor			Predecessor
	December 31, 2016			December 31, 2015
(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	376,293		$	1,086,332
Alternative minimum tax credit carryforwards	22,798			120,994
Investment in tax partnerships & corporations	604,914			—
Reclamation and mine closure	—			121,276
Goodwill	5,135			38,671
Workers’ compensation	—			42,835
Share based compensation	—			22,612
Sales contracts	—			17,466
Retiree benefit plans	4,013			16,996
Advance royalties	—			18,751
Losses from disposed operations resulting from Patriot Coal bankruptcy	—			39,287
Other, primarily accrued liabilities	30,103			45,303
Gross deferred tax assets	1,043,256			1,570,523
Valuation allowance	(1,021,553		)	(1,135,399		)
Total deferred tax assets	21,703			435,124
Deferred tax liabilities:
Plant and equipment	7,332			389,169
Deferred development	—			41,047
Sales contracts	12,658			—
Other	1,600			4,706
Total deferred tax liabilities	21,590			434,922
Net deferred (asset) liability	(113		)	(202		)

Summary of Income Tax Contingencies

A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits follows:



		(In thousands)
Balance at	January 1, 2014	$	31,789
Additions based on tax positions related to the current year		2,920
Balance at	December 31, 2014	34,709
Additions based on tax positions related to the current year		4,168
Balance at	December 31, 2015	38,877
Additions for tax positions of prior years		2,979
Additions for tax positions related to the current year		2,709
Reductions as a result of bankruptcy		(37,110		)
Balance at	December 31, 2016	$	7,455