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Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Operating activities:    
Net income $ 35,809 $ 22,375
Gain on sale (10,653)  
Deferred income taxes 13,665 13,369
Equity income – Savoy and Sunrise Energy (6,398) (1,005)
Cash distributions from Savoy 1,060  
DD&A 14,096 11,818
Change in fair value of interest rate swaps (632) (712)
Stock-based compensation 2,331 2,194
Other 576  
Taxes paid on vesting of RSUs (1,661) (746)
Change in current assets and liabilities:    
Accounts receivable 221 (163)
Coal inventory 236 66
Income tax accounts 8,978 (2,807)
Accounts payable and accrued liabilities 1,751 1,415
Other 1,341 (259)
Cash provided by operating activities 60,720 45,545
Investing activities:    
Proceeds from sale of unproved oil and gas properties 13,195  
Capital expenditures for coal properties (32,995) (34,714)
Capital expenditures for unproved oil and gas properties (1,710) (915)
Investment in Sunrise Energy   (2,375)
Investment in Savoy   (453)
Change in CDs 1,291 2,167
Marketable securities (2,257)  
Other 1,284 (752)
Cash used in investing activities (21,192) (37,042)
Financing activities:    
Payments of bank debt (10,000) (10,000)
Dividends (3,505) (2,937)
Stock option buy-out   (679)
Tax benefit from stock-based compensation 1,242 327
Other   (163)
Cash used in financing activities (12,263) (13,452)
Increase (decrease) in cash and cash equivalents 27,265 (4,949)
Cash and cash equivalents, beginning of year 10,277 15,226
Cash and cash equivalents, end of year 37,542 10,277
Cash paid for interest 1,508 2,255
Cash paid for income taxes 100 4,400
Changes in accounts payable for coal properties $ (358) $ (2,088)