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Summary Quarterly Financial Information | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Data [Abstract] |
Summary Quarterly Financial Information (Unaudited) | ummary of Quarterly Financial Information (Unaudited) A summary of the unaudited quarterly results of operations for the years ended December 31, 2016 and 2015 is presented below.
| Year Ended December 31, 2016
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
| (In millions, except per share data)
Revenues | $ | 1,027.2 |  |  | $ | 1,040.2 |  |  | $ | 1,207.1 |  |  | $ | 1,440.8 |
Operating loss | (102.7 | ) |  | (107.7 | ) |  | (21.6 | ) |  | (44.9 | )
Loss from continuing operations, net of income taxes | (161.7 | ) |  | (230.8 | ) |  | (95.6 | ) |  | (186.2 | )
Net loss | (165.1 | ) |  | (233.8 | ) |  | (133.7 | ) |  | (199.3 | )
Net loss attributable to common stockholders | (165.1 | ) |  | (235.5 | ) |  | (135.5 | ) |  | (203.7 | )
Basic and diluted EPS — continuing operations(1) | $ | (8.85 | ) |  | $ | (12.71 | ) |  | $ | (5.32 | ) |  | $ | (10.42 | )
Weighted average shares used in calculating basic and diluted EPS | 18.3 |  |  | 18.3 |  |  | 18.3 |  |  | 18.3 |
(1) | EPS for the quarters may not sum to the amounts for the year as each period is computed on a discrete basis.
Operating loss for the first quarter and second quarter of 2016 reflected $26.4 million and $10.3 million of debt restructuring costs, respectively. Operating loss for the first and fourth quarters of 2016 included $17.2 million and $230.7 million of asset impairment costs, respectively, primarily driven by the impairment of Metropolitan Mine to reflect estimated selling price. The operating loss for the second quarter of 2016 included net gain on disposal of assets of $13.7 million, primarily driven by net gains on sale of the Olive Downs South tenements and participation interest in Prairie State Energy Campus of $2.8 million and $6.2 million, respectively. Operating loss for the fourth quarter of 2016 included income from equity affiliates of $28.8 million, due to favorable coal pricing at Middlemount. Loss from continuing operations, net of income taxes for the first quarter included $126.2 million of interest expense, while the following three quarters experienced significant decreases in interest expense due to bankruptcy filing and stay of interest payments. Loss from continuing operations, net of income taxes for the second, third and fourth quarters of 2016 reflected $95.4 million, $29.7 million and $33.9 million of reorganization items, net due to bankruptcy filing and ongoing chapter 11 cases, respectively. Loss from continuing operations, net of income taxes for the fourth quarter of 2016 included a loss on debt extinguishment of $29.5 million resulting from the repayment of debtor-in-possession term loan. Loss from discontinued operations, net of income for the third and fourth quarters reflected $38.1 million and $13.1 million of Patriot bankruptcy related charges associated with black lung liabilities and the UMWA Combined Benefit fund, respectively.
| Year Ended December 31, 2015
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
| (In millions, except per share data)
Revenues | $ | 1,537.9 |  |  | $ | 1,339.3 |  |  | $ | 1,418.9 |  |  | $ | 1,313.1 |
Operating profit (loss) | 2.2 |  |  | (975.8 | ) |  | (20.4 | ) |  | (470.8 | )
Loss from continuing operations, net of income taxes | (164.4 | ) |  | (1,007.2 | ) |  | (144.4 | ) |  | (497.9 | )
Net loss | (173.3 | ) |  | (1,043.5 | ) |  | (301.9 | ) |  | (470.2 | )
Net loss attributable to common stockholders | (176.6 | ) |  | (1,045.3 | ) |  | (304.7 | ) |  | (469.4 | )
Basic and diluted EPS — continuing operations(1) | $ | (9.31 | ) |  | $ | (55.59 | ) |  | $ | (8.08 | ) |  | $ | (27.28 | )
Weighted average shares used in calculating basic and diluted EPS | 18.0 |  |  | 18.2 |  |  | 18.2 |  |  | 18.2 |
(1) | EPS for the quarters may not sum to the amounts for the year as each period is computed on a discrete basis.
Operating loss for the fourth quarter of 2015 reflected $377.0 million of asset impairment costs. Operating loss for the second quarter of 2015 included $900.8 million of asset impairment costs and $21.2 million of restructuring and pension settlement charges. Loss from continuing operations for the first and second quarter of 2015 included losses on early debt extinguishment of $59.5 million and $8.3 million, respectively. Loss from continuing operations, net of income taxes for the first, third, and fourth quarters of 2015 included benefits (expenses) related to the remeasurement of foreign income tax accounts of $0.2 million, $0.8 million and $(0.5) million, respectively. Loss from continuing operations, net of income taxes, for the second quarter and fourth quarter of 2015 included a tax benefit related to asset impairment of $67.4 million and $7.9 million, respectively. Loss from continuing operations, net of income taxes, for the fourth quarter of 2015 included an increase in valuation allowance on certain U.S. deferred tax assets of $177.0 million. Loss from discontinued operations, net of income taxes, for the third quarter of 2015 included $155.1 million of Patriot bankruptcy related charges associated with black lung liabilities and the UMWA Combined Benefit Fund. Loss from discontinued operations, net of income taxes, for the second quarter of 2015 reflected a $34.7 million charge, net of taxes, related to adverse changes in the fair value of credit support provided to Patriot. Loss from discontinued operations for the first quarter of 2015 included a contingent loss accrual of $7.6 million associated with the QBH litigation.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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