Note 6 - Components of Coal Workers' Pneumoconiosis (CWP) and Workers' Compensation Net Periodic Benefit Costs

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Pneumoconiosis Benefits And Workers Compensation Disclosure [Text Block]

NOTE 6—COMPONENTS OF COAL WORKERS’ PNEUMOCONIOSIS (CWP) AND WORKERS’ COMPENSATION NET PERIODIC BENEFIT COSTS:

The components of Net Periodic Benefit Cost are as follows:

	CWP								Workers' Compensation
	Three Months Ended				Nine Months Ended				Three Months Ended						Nine Months Ended
	September 30,				September 30,				September 30,						September 30,
	2021		2020		2021		2020		2021			2020			2021			2020
Service Cost	$	1,115	$	1,150	$	3,345	$	3,452	$	1,059		$	1,569		$	3,177		$	4,707
Interest Cost		1,178		1,552		3,533		4,655		282			461			846			1,383
Amortization of Actuarial Loss (Gain)		2,091		1,401		6,273		4,203		(45	)		(122	)		(135	)		(366	)
State Administrative Fees and Insurance Bond Premiums		—		—		—		—		445			583			1,357			1,665
Net Periodic Benefit Cost	$	4,384	$	4,103	$	13,151	$	12,310	$	1,741		$	2,491		$	5,245		$	7,389

Expenses related to CWP and workers’ compensation are reflected in Operating and Other Costs in the Consolidated Statements of Income.