Quarterly Selected Financial Data (unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Selected Financial Data (unaudited)



Year Ended December 31, 2017	March 31			June 30			September 30			December 31

(In thousands, except per share data)

Revenues	$	600,975		$	549,866		$	613,538		560,244
Gross profit	$	85,747		$	62,577		$	65,100		62,937
Income from operations	$	66,264		$	42,692		$	72,489		$	50,951
Reorganization items, net	$	(2,828	)	$	(21	)	$	(43	)	$	494
Net income	$	51,668		$	37,160		$	68,351		$	81,271
Diluted income per common share	$	2.03		$	1.48		$	2.83		$	3.64



	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 income (loss) per common share	$	(9.71	)	$	(8.26	)	$	(2.41	)	$	78.66	$	1.31

(a) Challenging coal markets resulted in impairment charges relating to leased mineral reserves, prepaid mining royalties, investments in equity method subsidiaries and severance expense in 2016. See further discussion in Note 6, “Impairment Charges and Mine Closure Costs “ and Note 10, “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.”