Mergers and Acquisitions (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Acquired Intangible Assets and Liabilities

The finalized purchase price of $688,534 has been allocated to the net tangible and intangible assets of Alpha Companies as follows:



	Provisional as of December 31, 2018		Adjustments			Final
Cash and cash equivalents	$	29,939	$	—		$	29,939
Trade and other receivables	60,714		—			60,714
Inventories	85,635		—			85,635
Short-term restricted cash	10,592		—			10,592
Other current assets	38,495		10,087			48,582
Property, plant, and equipment	504,852		(33,930		)	470,922
Owned and leased mineral rights	516,201		23,571			539,772
Other intangible assets	154,041		4,363			158,404
Long-term restricted cash	182,049		—			182,049
Long-term restricted investments	28,809		—			28,809
Other non-current assets	68,022		(3,353		)	64,669
Total assets	$	1,679,349	$	738		$	1,680,087

Accounts payable	$	69,049	$	(2,504	)	$	66,545
Accrued expenses and other current liabilities	76,774		2,491			79,265
Long-term debt, including current portion	144,832		3,626			148,458
Acquisition related obligations	74,346		5,738			80,084
Pension obligations	158,005		3,596			161,601
Asset retirement obligation, including current portion	163,636		12,718			176,354
Deferred income taxes, including current portion	134,924		(8,484		)	126,440
Other intangible liabilities	57,219		—			57,219
Other non-current liabilities	207,654		12,286			219,940
Total liabilities	$	1,086,439	$	29,467		$	1,115,906

Goodwill	$	95,624	$	28,729		$	124,353

Allocation of purchase price	$	688,534	$	—		$	688,534

Schedule of Intangible Assets and Weighted-Average Amortization

The following table represents the intangible assets and the weighted-average amortization periods as of the acquisition date:



	Final			Weighted-Average Amortization Period (In Years)
Mining permits	$	157,555		12.30
Above-market coal supply agreements	849			1.03
Below-market coal supply agreements	(57,219		)	2.10
Total acquired intangibles	$	101,185		10.16

Business Acquisition, Pro Forma Information

The following unaudited pro forma information has been prepared for illustrative purposes only and assumes the Merger occurred on January 1, 2017. The unaudited pro forma results have been prepared based on estimates and assumptions, which the Company believes are reasonable; however, they are not necessarily indicative of the consolidated results of operations had the Merger occurred on January 1, 2017, or of future results of operations.



	Three Months Ended September 30, 2018				Nine Months Ended September 30, 2018
	As reported		Pro forma		As reported		Pro forma
Total revenues	$	447,871	$	633,656	$	1,459,121	$	1,972,610
Income from continuing operations	$	14,011	$	2,801	$	146,953	$	182,533

Basic income per common share:
Income from continuing operations	$	1.45	$	0.15	$	15.30	$	9.62
Diluted income per common share:
Income from continuing operations	$	1.35	$	0.14	$	14.23	$	9.26

Weighted average shares - basic	9,633,164		19,011,363		9,602,860		18,981,059
Weighted average shares - diluted	10,384,513		19,762,712		10,328,031		19,706,230