XML 50 R21.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Vectren Fuels Acquisition (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2014
Vectren Fuels Acquisition [Abstract] |
Schedule of Business Acquisition | The estimated fair values are based on market participant assumptions. The acquisition was financed through a new debt facility, and the preliminary purchase price allocation and use of proceeds from the new debt facility were as follows (assets not received or liabilities not assumed were retained by the parent company of VFI):
Assets received: |  |  |
Accounts receivable |  | $ | 25,109
Coal inventory |  |  | 21,484
Parts and supply inventory |  |  | 13,176
Advance royalties |  |  | 685
Prepaid expenses |  |  | 909
Land and mineral rights |  |  | 103,577
Buildings and equipment |  |  | 174,180
Total assets received |  |  | 339,120
Liabilities assumed: |  |  |
Accounts payable and accrued liabilities |  |  | 12,808
Asset retirement obligations |  |  | 6,550
Total liabilities assumed |  |  | 19,358
Total consideration paid for VFI |  | $ | 319,762
Use of proceeds from new debt facility: |  |  |
Cash |  | $ | 1,805
Consideration paid for VFI |  |  | 319,762
Deferred financing costs |  |  | 6,163
Payoff existing debt facility |  |  | 16,149
Acquisition costs paid at closing |  |  | 6,121
Total |  | $ | 350,000
Schedule of Business Acquisition Pro Forma Information | The following unaudited pro forma information has been prepared for illustrative purposes only and assumes the acquisition occurred on January 1, 2013. The unaudited pro forma results have been prepared based on estimates and assumptions, which we believe are reasonable, however, they are not necessarily indicative of the consolidated results of operations had the acquisition occurred on January 1, 2013, or of future results of operations. Vectren deal costs of $7.9 million have been excluded from the pro forma amounts.
|  | Nine Months Ended September 30, |
|  | 2014 |  | 2013 |
|  | (In thousands, except per share data)
Total Revenues |  |  |  |  |  |
As reported |  | $ | 140,549 |  | $ | 116,058 |
Pro forma |  | $ | 361,464 |  | $ | 335,625 |
Net income applicable to common shareholders |  |  |  |  |  |  |
As reported |  | $ | 826 |  | $ | 18,463 |
Pro forma |  | $ | 33,843 |  | $ | 34,877 |
Basic net income per share applicable to common shareholders |  |  |  |  |  |  |
As reported |  | $ | 0.03 |  | $ | 0.65 |
Pro forma |  | $ | 1.18 |  | $ | 1.22 |

X
- 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=25497992&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 Reference 2: 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=25497992&loc=d3e1486-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration