Discontinued Operations

6 Months Ended

Jun. 30, 2011

Discontinued Operations

Discontinued Operations

(4)Discontinued Operations

In December 2010, the Company’s consolidated coal mine operation completed performance on its coal supply and purchase agreements (which both expired in December 2010). The coal mine operations ceased as a result of these contract terminations since the subsidiary did not have other coal contracts. As a result, the Company dissolved the coal mine subsidiary in December 2010. The results of operations from our coal mine subsidiary are reported as discontinued operations within our Special Situations Platform business segment for the three-month period ended June 30, 2010 (we acquired a controlling interest in this subsidiary in April 2010 — see Note 3). Earnings attributed to these discontinued operations, which totaled $4.6 million for the three-month period ended June 30, 2010 (included in our consolidated statement of operations), were comprised of $13.1 million of operating revenues, $13.3 million of operating costs, and a $4.8 million business combination gain.