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Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Net income $ 23,807 $ 35,809
Gain on sale (3,051) (10,653)
Deferred income taxes 4,763 13,665
Equity income – Savoy and Sunrise Energy (2,206) (6,398)
Cash distributions from Savoy 1,943 1,060
DD&A 16,028 14,096
Stock-based compensation 2,655 2,331
Taxes paid on vesting of RSUs (739) (1,661)
Accounts receivable (1,058) 221
Coal inventory (479) 236
Income taxes (3,465) 8,978
Accounts payable and accrued liabilities 1,060 1,751
Other (2,216) 1,285
Cash provided by operating activities 37,042 60,720
Proceeds from sale of properties 7,630 13,195
Capital expenditures for coal properties (26,209) (32,995)
Investment in Sunrise Energy (506)  
Marketable securities (1,221) (2,257)
Other (48) 865
Cash used in investing activities (20,354) (21,192)
Payments of bank debt (7,500) (10,000)
Bank borrowings 1,400  
Deferred financing costs (1,544)  
Dividends (23,374) (3,505)
Stock option buy-out (1,461)  
Tax benefit from stock-based compensation 137 1,242
Cash used in financing activities (32,342) (12,263)
Increase (decrease) in cash and cash equivalents (15,654) 27,265
Cash and cash equivalents, beginning of year 37,542 10,277
Cash and cash equivalents, end of year 21,888 37,542
Cash paid for interest 622 1,508
Cash paid for income taxes 9,250 100
Changes in accounts payable for coal properties $ (567) $ (358)