Revenue Recognition

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

ASC 606-10-50-5 requires that entities disclose disaggregated revenue information in categories (such as type of good or service, geography, market, type of contract, etc.) that depict how the nature, amount, timing, and uncertainty of revenue and cash flow are affected by economic factors. ASC 606-10-55-89 explains that the extent to which an entity’s revenue is disaggregated depends on the facts and circumstances that pertain to the entity’s contracts with customers and that some entities may need to use more than one type of category to meet the objective for disaggregating revenue.

In general, the Company’s business segmentation is aligned according to the nature and economic characteristics of its coal and customer relationships and provides meaningful disaggregation of each segment’s results. The company has further disaggregated revenue between North America and Seaborne revenues which depicts the pricing and contract differences between the two. North America revenue is characterized by contracts with a term of one year or longer and typically the pricing is fixed; whereas Seaborne revenue generally is derived by spot or short term contracts with an indexed based pricing mechanism.



	PRB		MET		Other Thermal		Corporate, Other and Eliminations		Consolidated
	(in thousands)
Three Months Ended June 30, 2019
North America revenues	$	210,149	$	54,896	$	47,885	$	623	$	313,553
Seaborne revenues	—		206,349		50,320		—		256,669

Total revenues	$	210,149	$	261,245	$	98,205	$	623	$	570,222

Three Months Ended June 30, 2018
North America revenues	$	229,035	$	38,323	$	40,547	$	3,625	$	311,530
Seaborne revenues	843		220,709		59,267		—		280,819

Total revenues	$	229,878	$	259,032	$	99,814	$	3,625	$	592,349

Six Months Ended June 30, 2019
North America revenues	$	422,878	$	99,562	$	94,414	$	3,837	$	620,691
Seaborne revenues	—		414,945		89,769		—		504,714

Total revenues	$	422,878	$	514,507	$	184,183	$	3,837	$	1,125,405

Six Months Ended June 30, 2018
North America revenues	$	473,395	$	68,001	$	84,214	$	3,625	$	629,235
Seaborne revenues	1,911		429,378		107,120		—		538,409

Total revenues	$	475,306	$	497,379	$	191,334	$	3,625	$	1,167,644

As of June 30, 2019, the Company has outstanding performance obligations for the remainder of 2019 of 38.9 million tons of fixed price contracts and 4.9 million tons of variable price contracts. Additionally, the Company has outstanding performance obligations beyond 2019 of approximately 64.3 million tons of fixed price contracts and 5.7 million tons of variable price contracts.