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Quarterly Selected Financial Data (unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
 
 
Predecessor
Successor
Year Ended
December 31, 2016
March 31
 
June 30
 
September 30
 
October 1
October 2 through December 31, 2016
 
 
(a) (b)
 
(a) (b)
 
(b)
 
(b)
 
(In thousands, except per share data)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
428,106

 
$
420,298

 
$
550,305

 

575,688

Gross profit (loss)
$
(53,325
)
 
$
(56,469
)
 
$
31,042

 

64,458

Asset impairment and mine closure costs
$
85,520

 
$
43,701

 
$
46

 


Income (loss) from operations
$
(158,412
)
 
$
(110,521
)
 
$
11,795

 
$

$
46,118

Reorganization items, net
$
(3,875
)
 
$
(21,271
)
 
$
(20,904
)
 
$
1,676,091

$
(759
)
Net income (loss)
$
(206,702
)
 
$
(175,887
)
 
$
(51,421
)
 
$
1,676,091

$
33,449

Diluted earnings (loss) per common share
$
(9.71
)
 
$
(8.26
)
 
$
(2.41
)
 
$
78.66

$
1.31


 
 
Predecessor
Year Ended
December 31, 2015
March 31
 
June 30
 
September 30
 
December 31
 
 
 
 
(a)
 
(a)
 
(a)
 
 
(In thousands, except per share data)
 
 
 
 
 
 
 
 
 
Revenues
$
677,005

 
$
644,462

 
$
688,544

 
$
563,249

Gross profit (loss)
$
14,256

 
$
(16,507
)
 
$
47,275

 
$
(44,964
)
Asset impairment and mine closure costs
$

 
$
19,146

 
$
2,120,292

 
$
488,865

Loss from operations
$
(19,712
)
 
$
(69,546
)
 
$
(2,236,772
)
 
$
(539,033
)
Net loss
$
(113,195
)
 
$
(168,103
)
 
$
(1,999,476
)
 
$
(632,368
)
Diluted loss per common share
$
(5.32
)
 
$
(7.93
)
 
$
(93.91
)
 
$
(29.70
)


(a) Challenging coal markets resulted in impairment charges relating to mining and other operations, investments in equity method subsidiaries and prepaid mining royalties in 2016 and 2015. See further discussion in Note 5, “Impairment Charges and Mine Closure Costs “ and Note 9, “Equity Method Investments and Membership Interests in Joint Ventures.”

(b) The Company filed for bankruptcy on January 11, 2016 and subsequently emerged on October 5, 2016. See further discussion in Note 3, “Emergence from Bankruptcy and Fresh Start Accounting.”