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Condensed Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues $ 319,521 $ 570,222 $ 724,753 $ 1,125,405
Costs, expenses and other operating        
Cost of sales (exclusive of items shown separately below) 316,348 451,088 691,347 889,559
Depreciation, depletion and amortization 30,167 26,535 61,475 51,873
Accretion on asset retirement obligations 4,986 5,137 9,992 10,274
Change in fair value of coal derivatives and coal trading activities, net (129) (8,400) 614 (21,381)
Selling, general and administrative expenses 19,738 25,209 42,483 49,298
Costs related to proposed joint venture with Peabody Energy 7,851 3,018 11,515 3,018
Severance costs related to voluntary separation plan 7,437   13,265  
Gain on property insurance recovery related to Mountain Laurel longwall (14,518)   (23,518)  
Other operating income, net (5,704) (3,239) (11,874) (4,889)
Costs, expenses and other operating 364,807 503,652 793,930 982,056
Income (loss) from operations (45,286) 66,570 (69,177) 143,349
Interest expense, net        
Interest expense (3,523) (4,375) (6,911) (8,807)
Interest and investment income 1,793 2,088 3,052 4,231
Interest expense, net (1,730) (2,287) (3,859) (4,576)
Income (loss) before nonoperating expenses (47,016) 64,283 (73,036) 138,773
Nonoperating (expenses) income        
Non-service related pension and postretirement benefit costs (1,102) (1,336) (2,198) (3,102)
Reorganization items, net   (16) 26 71
Nonoperating (expenses) income (1,102) (1,352) (2,172) (3,031)
Income (loss) before income taxes (48,118) 62,931 (75,208) 135,742
Provision for (benefit from) income taxes 1,206 91 (585) 161
Net income (loss) $ (49,324) $ 62,840 $ (74,623) $ 135,581
Net income (loss) per common share        
Basic earnings per common share (in dollars per share) $ (3.26) $ 3.80 $ (4.93) $ 7.97
Diluted earnings per common share (in dollars per share) $ (3.26) $ 3.53 $ (4.93) $ 7.45
Weighted average shares outstanding        
Basic weighted average shares outstanding (in shares) 15,145 16,543 15,142 17,018
Diluted weighted average shares outstanding (in shares) 15,145 17,781 15,142 18,190
Dividends declared per common share (in dollars per share)   $ 0.45 $ 0.50 $ 0.90
Dal-Tex and Briar Branch Properties        
Costs, expenses and other operating        
(Gain) loss on divestitures $ (1,369) $ 4,304 $ (1,369) $ 4,304