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Gain on Property Insurance Recovery Related to Mountain Laurel Longwall
6 Months Ended
Jun. 30, 2020
Gain on Property Insurance Recovery Related to Mountain Laurel Longwall  
Gain on Property Insurance Recovery Related to Mountain Laurel Longwall

4. Gain on Property Insurance Recovery Related to Mountain Laurel Longwall

The Company recorded a $14.5 million and $23.5 million gain related to a property insurance recovery on the longwall shields at its Mountain Laurel operation during the three and six months ended June 30, 2020, respectively. As a result of geologic conditions in the final longwall panel, Mountain Laurel was unable to recover 123 of the longwall system’s 176 hydraulic shields. All of the cash associated with the insurance recovery was received by the end of the quarter.