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Adjusted EBITDA is used by management as the primary metric to measure our segments' operating performance. <br />We also believe non -GAAP performance measures are used by investors to measure operating performance and <br />lenders to measure our ability to incur and service debt. Adjusted EBITDA is defined as (loss) income from <br />continuing operations before deducting net interest expense, income taxes, asset retirement obligation expense, <br />depreciation, depletion and amortization, asset impairment and mine closure costs, charges for the settlement of <br />claims and litigation related to previously divested operations and changes in deferred tax asset valuation allowance <br />and amortization of basis difference related to equity affiliates. A reconciliation of income (loss) from continuing <br />operations to Adjusted EBITDA is included in this release. Adjusted EBITDA is not intended to serve as an <br />alternative to U.S. GAAP measures of performance and may not be comparable to similarly -titled measures <br />presented by other companies. <br />Adjusted (Loss) Income from Continuing Operations and Adjusted Diluted EPS are defined as (loss) income from <br />continuing operations and diluted earnings per share from continuing operations, respectively, excluding the impacts <br />of asset impairment and mine closure costs and charges for the settlement of claims and litigation related to <br />previously divested operations, net of tax, and the remeasurement of foreign income tax accounts on the company's <br />income tax provision. The company calculates income tax benefits related to asset impairment and mine closure <br />costs and charges for the settlement of claims and litigation related to previously divested operations based on the <br />enacted tax rate in the jurisdiction in which they have been or will be realized, adjusted for the estimated <br />recoverability of those benefits. Management also believes that excluding the impact of the remeasurement of <br />foreign income tax accounts represents a meaningful indicator of the company's ongoing effective tax rate. <br />