XML 39 R28.htm IDEA: XBRL DOCUMENT v2.3.0.15
Acquisition (Details)
1 Months Ended3 Months Ended9 Months Ended1 Months Ended
Sep. 30, 2011
USD ($)
Apr. 02, 2011
USD ($)
Apr. 30, 2011
Western Coal Corporation
USD ($)
Jan. 31, 2011
Western Coal Corporation
USD ($)
Dec. 31, 2010
Western Coal Corporation
Nov. 30, 2010
Western Coal Corporation
count
Sep. 30, 2011
Western Coal Corporation
USD ($)
Sep. 30, 2010
Western Coal Corporation
USD ($)
Sep. 30, 2011
Western Coal Corporation
USD ($)
Sep. 30, 2010
Western Coal Corporation
USD ($)
Apr. 02, 2011
Western Coal Corporation
USD ($)
Dec. 02, 2010
Western Coal Corporation
CAD
Nov. 17, 2010
Western Coal Corporation
CAD
May 31, 2011
Chevron Mining, Inc
M
May 06, 2011
Chevron Mining, Inc
USD ($)
May 06, 2011
Chevron Mining, Inc
U.S. Operations
USD ($)
Sep. 30, 2011
Canadian and U.K. operations
USD ($)
Sep. 30, 2011
U.S. Operations
USD ($)
Apr. 02, 2011
2011 Credit Agreement
USD ($)
Acquisitions                   
Common shares to be purchased under share purchase agreement     54,500,000             
Percentage of outstanding shares to be acquired under the share purchase agreement            19.80%      
Acquisition price per share of common stock under the share purchase agreement (in dollars per share)             11.50      
Acquisition price per share of common stock under the arrangement agreement (in dollars per share)            11.50       
Number of separate transactions     2             
Number of the entity's shares of common stock offered for exchange under the arrangement agreement    0.114              
Common shares purchased under share purchase agreement   25,274,745               
Percentage of outstanding shares acquired   9.15%               
Cash paid for common shares purchased   $ 293,700,000  $ 2,432,693,000 $ 2,432,693,000 $ 2,173,080,000   $ 1,100,000    
Gain on remeasurement of previously held noncontrolling interest  20,500,000                
Number of shares issued to acquired entity  8,951,558                
Value of common shares issued to acquire the entity          1,200,000,000        
Fair value of company's common stock (in dollars per share) $ 136.75                 
Stock options issued in exchange of outstanding stock options (in shares)  193,498                
Fair value of stock options issued  15,500,000                
Walter Credit Agreement                   
Maximum amount of borrowings available under the credit agreement                  2,725,000,000
Purchase consideration:                   
Cash consideration   293,700,000  2,432,693,000 2,432,693,000 2,173,080,000   1,100,000    
Fair value of shares of common stock issued          1,224,126,000        
Fair value of stock options issued and warrants          34,765,000        
Fair value of consideration transferred          3,431,971,000        
Fair value of equity interest at date of acquisition          314,231,000        
Total consideration          3,746,202,000        
Fair value of assets acquired and liabilities assumed:                   
Cash and cash equivalents          34,065,000        
Receivables          163,668,000        
Inventories          122,012,000        
Other current assets          65,606,000        
Mineral interests          4,399,000,000        
Property, plant and equipment          565,228,000        
Goodwill278,425,000         277,404,000    1,600,000   
Other long-term assets          54,150,000        
Total assets      5,681,133,000 5,681,133,000 5,681,133,000        
Accounts payable and accrued liabilities          180,157,000        
Other current liabilities          75,824,000        
Deferred tax liability          1,576,896,000        
Other long-term liabilities          102,054,000        
Total liabilities      1,934,931,000 1,934,931,000 1,934,931,000   90,900,000    
Below-market coal sales contract liability              70,000,000    
Remaining maturity period of below-market coal sales contract liability (in months)             29     
Net assets acquired          3,746,202,000        
Amount of increase in goodwill      27,400,000            
Amount of goodwill allocated based on purchase price allocation                253,300,00024,100,000 
Acquisition related costs (included in Selling, general and administrative expenses at the end of the period)      6,100,000 23,100,000          
Actual Western Coal Results Included in Walter Energy's Consolidated Results                   
Revenue      270,295,000 576,660,000          
Net income      34,684,000 42,163,000          
Supplemental Pro forma Combined Results                   
Revenue      690,069,000698,886,0002,096,011,0001,749,965,000         
Net income      $ 74,417,000$ 141,669,000$ 306,643,000$ 251,397,000