Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

	2012		2011		2010
Taxes currently payable	$	995,000	$	238,000	$	134,000
Deferred income taxes		235,000		2,000		(434,000)
Provision for (benefit from) income taxes	$	1,230,000	$	240,000	$	(300,000)

Schedule of Effective Income Tax Rate Reconciliation

	2012		2011		2010
Computed at statutory rate
(34%; over $10 million-35%)	$	1,491,000	$	609,000	$	(25,000)
Increase (decrease) resulting from:
State income taxes, net of federal
tax benefit (expense)		195,000		(90,000)		(244,000)
Percentage depletion		(794,000)		(271,000)		(552,000)
Valuation allowance		438,000		15,000		0
Domestic production activities deduction		0		(28,000)		(26,000)
Adjustment for Medicare drug subsidy		0		0		685,000
Dividends received deduction		(17,000)		(40,000)		(43,000)
Other		(83,000)		45,000		(95,000)
Provision for (benefit from) income taxes	$	1,230,000	$	240,000	$	(300,000)

Summary Of Tax Effects Of Significant Temporary Differences Relating To Deferred Taxes

	2012		2011
Current:
Allowance for doubtful accounts	$	255,000	$	265,000
Accrued vacation		495,000		485,000
Net current deferred tax assets	$	750,000	$	750,000
Noncurrent:
Depreciation	$	(1,345,000)	$	(1,659,000)
Postretirement benefits		14,594,000		13,439,000
Pension liability		5,354,000		5,517,000
Unrealized holding gains		(6,600,000)		(2,608,000)
Tax carryforwards		978,000		1,435,000
Alternative minimum tax credit		352,000		470,000
Impairment on investments		719,000		941,000
Other, net		912,458		881,410
Net long-term deferred tax assets*	$	14,964,458	$	18,416,410

*net of valuation allowances of $2,052,000 and $1,415,000 for 2012 and 2011, respectively.

Summary of Tax Carryforwards

Expiration	Tax
Date	Carryforwards
2015	$	11,000
2016		50,000
2023		137,000
2024		263,000
2025		214,000
2026		131,000
2027		18,000
2028		40,000
2029		114,000
	$	978,000