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Condensed Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues $ 382,261 $ 619,467 $ 1,107,014 $ 1,744,872
Costs, expenses and other operating        
Cost of sales (exclusive of items shown separately below) 345,539 491,004 1,036,886 1,380,563
Depreciation, depletion and amortization 32,630 30,249 94,105 82,122
Accretion on asset retirement obligations 4,947 5,137 14,939 15,411
Change in fair value of coal derivatives and coal trading activities, net 2,649 1,530 3,263 (19,851)
Selling, general and administrative expenses 21,541 24,566 64,024 73,864
Costs related to proposed joint venture with Peabody Energy 4,423 3,754 15,938 6,772
Asset impairment 163,088   163,088  
Severance costs related to voluntary separation plan 18   13,283  
Gain on property insurance recovery related to Mountain Laurel longwall     (23,518)  
(Gain) loss on divestitures     (1,369) 4,304
Preference Rights Lease Application settlement income   (39,000) (23,518) (39,000)
Other operating income, net (4,894) (4,254) (16,768) (9,143)
Costs, expenses and other operating 569,941 512,986 1,363,871 1,495,042
Income (loss) from operations (187,680) 106,481 (256,857) 249,830
Interest expense, net        
Interest expense (2,989) (4,049) (9,900) (12,856)
Interest and investment income 459 3,709 3,511 7,940
Interest expense, net (2,530) (340) (6,389) (4,916)
Income (loss) before nonoperating expenses (190,210) 106,141 (263,246) 244,914
Nonoperating (expenses) income        
Non-service related pension and postretirement benefit costs (878) 975 (3,076) (2,127)
Reorganization items, net     26 71
Nonoperating (expenses) income (878) 975 (3,050) (2,056)
Income (loss) before income taxes (191,088) 107,116 (266,296) 242,858
Provision for (benefit from) income taxes 379 347 (206) 508
Net income (loss) $ (191,467) $ 106,769 $ (266,090) $ 242,350
Net income (loss) per common share        
Basic earnings (loss) per common share (in dollars per share) $ (12.64) $ 6.79 $ (17.57) $ 14.61
Diluted earnings (loss) per common share (in dollars per share) $ (12.64) $ 6.34 $ (17.57) $ 13.66
Weighted average shares outstanding        
Basic weighted average shares outstanding (in shares) 15,147 15,736 15,144 16,591
Diluted weighted average shares outstanding (in shares) 15,147 16,852 15,144 17,744
Dividends declared per common share (in dollars per share)   $ 0.45 $ 0.50 $ 1.35
Dal-Tex and Briar Branch Properties        
Costs, expenses and other operating        
(Gain) loss on divestitures     $ (1,369) $ 4,304