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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
SALES AND OPERATING REVENUES:        
Coal sales $ 54,600 $ 50,473 $ 100,479 $ 112,405
Other revenues 1,038 377 1,854 928
Total revenue 55,638 50,850 102,333 113,333
EXPENSES:        
Operating expenses 42,456 36,165 76,465 84,634
Depreciation, depletion and amortization 9,715 10,217 20,022 20,844
Asset retirement obligations accretion 373 343 736 676
Exploration costs 159 208 217 461
General and administrative 3,383 2,678 6,204 5,656
Total operating expenses 56,086 49,611 103,644 112,271
INCOME (LOSS) FROM OPERATIONS (448) 1,239 (1,311) 1,062
Interest expense [1] (2,182) (2,834) (4,080) (8,548)
Equity method investment income 63 1,231 63 1,286
LOSS BEFORE INCOME TAXES (2,567) (364) (5,328) (6,200)
Current 0 0 0 (524)
Deferred 397 (618) (1,332) (2,270)
Total income tax expense (benefit) 397 (618) (1,332) (2,794)
NET INCOME (LOSS) $ (2,964) $ 254 $ (3,996) $ (3,406)
NET INCOME (LOSS) PER SHARE:        
Basic and diluted (in dollars per share) $ (0.10) $ 0.01 $ (0.13) $ (0.11)
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic and diluted (in shares) 30,613 30,423 30,612 30,421
(1) Interest Expense:        
Bank interest $ 2,307 $ 2,842 $ 4,443 $ 5,496
Non-cash interest:        
Change in interest rate swap valuation (766) (617) (1,614) 1,976
Amortization of debt issuance costs 641 609 1,251 1,076
Total non-cash interest (125) (8) (363) 3,052
Total interest [1] $ 2,182 $ 2,834 $ 4,080 $ 8,548
[1] Bank interest