Segment Information

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company's reportable segments are strategic business units arranged geographically which have separate management teams. The business units have been aggregated into the U.S. Operations, Canadian and U.K. Operations, and Other reportable segments. The primary business of both the U.S. Operations and the Canadian and U.K. Operations segments is mining and exporting metallurgical coal for the steel industry. The Other segment primarily includes unallocated corporate expenses.

The accounting policies of the segments are the same as those described in Note 2 of the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014. The Company evaluates performance primarily based on operating income (loss) of the respective segments.

Summarized financial information of the Company's reportable segments is shown in the following tables (in thousands):

	For the three months ended   March 31,
	2015			2014
Revenues:
U.S. Operations	$	251,011		$	330,664
Canadian and U.K. Operations	39,014			81,577
Other	901			1,644
Total revenues	$	290,926		$	413,885
Operating income (loss):
U.S. Operations	$	(46,763	)	$	5,870
Canadian and U.K. Operations	(34,321		)	(52,618		)
Other	(5,259		)	(314		)
Total operating loss	(86,343		)	(47,062		)
Interest expense, net	(78,236		)	(65,432		)
Gain (loss) on extinguishment of debt	58,626			(13,889		)
Other loss	—			(1,756		)
Loss before income tax benefit	(105,953		)	(128,139		)
Income tax benefit	(25,757		)	(35,961		)
Net loss	$	(80,196	)	$	(92,178	)
Depreciation and depletion:
U.S. Operations	$	37,150		$	39,066
Canadian and U.K. Operations	21,457			36,710
Other	575			648
Total	$	59,182		$	76,424
Capital expenditures:
U.S. Operations	$	16,667		$	10,251
Canadian and U.K. Operations	341			609
Other	359			1,421
Total	$	17,367		$	12,281

	March 31, 2015		December 31, 2014
Segment assets:
U.S. Operations	$	1,082,624	$	1,122,850
Canadian and U.K. Operations	3,466,709		3,538,073
Other (1)	653,104		670,441
Total	$	5,202,437	$	5,331,364

(1) In the current quarter, the Company adopted ASU 2015-03 to present debt issuance costs as a direct deduction to the carrying amount of debt. The adoption of this guidance has been applied on a retrospective basis. See Note 1 to the Condensed Consolidated Financial Statements for additional information.