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Acquisition of the Predecessor (Tables) | 9 Months Ended
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Sep. 30, 2017
Business Combinations [Abstract] |
Schedule of Acquisition of the Predecessor | The following tables summarize the final purchase price allocation, including the applicable measurement-period adjustments made upon finalization during the first quarter of 2017 (in thousands):
Final purchase price: |
Cash paid | $ | 50,830 |
Fair value of First Lien Obligations relinquished in exchange for net assets of the Predecessor | 598,607 |
Total purchase price | $ | 649,437 |
Final fair values of assets acquired and liabilities assumed: |
Cash and cash equivalents | $ | 26,723 |
Trade and other receivables | 14,358 |
Inventories | 46,464 |
Prepaid expenses and other current assets | 30,722 |
Mineral interests | 144,224 |
Property, plant and equipment | 533,441 |
Other long-term assets | 28,865 |
Total assets | 824,797 |
Accounts payable | 10,470 |
Accrued expenses | 12,843 |
Other current liabilities | 24,044 |
Current debt | 2,879 |
Long-term debt | 5,758 |
Deferred income taxes | 1,400 |
Other long-term liabilities | 117,966 |
Total liabilities | 175,360 |
Total fair value of net assets acquired | $ | 649,437 |
Supplemental Unaudited Pro Forma Financial Information | The following unaudited pro forma results of operations give effect to the Asset Acquisition as if it had occurred on January 1, 2015. This unaudited pro forma financial information should not be relied upon as necessarily being indicative of the historical results that would have been obtained if the Asset Acquisition had actually occurred on that date, nor the results of operations in the future. The 2016 supplemental unaudited pro forma financial information was adjusted to (i) reflect the impact of certain fair value adjustments, including an adjustment to depreciation and depletion expense as a result of a change in the basis of Property, Plant and Equipment and Mineral Interests, (ii) eliminate historical interest expense related to the notes, loans and other debt that was not assumed by the Company as part of the Asset Acquisition, (iii) eliminate a gain on reorganization items associated with the Chapter 11 Cases and (iv) eliminate the Predecessor's historical other postretirement benefit expense associated with the Predecessor's historical other postretirement benefit obligations for retiree medical and life insurance benefits, which were not assumed by the Company.
|  | Predecessor
|  | For the three months ended March 31, 2016
(in thousands) |  | As reported |  | Pro forma
Revenue |  | $ | 71,383 |  |  | $ | 71,383 |
Net loss |  | $ | (61,816 | ) |  | $ | (31,759 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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