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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
SALES AND OPERATING REVENUES:        
Coal sales $ 79,036 $ 64,754 $ 179,515 $ 177,159
Other revenues 786 493 2,640 1,421
Total revenue 79,822 65,247 182,155 178,580
EXPENSES:        
Operating expenses 67,792 46,570 144,257 131,204
Depreciation, depletion and amortization 9,842 9,315 29,864 30,159
Asset impairment 0 1,799 0 1,799
Asset retirement obligations accretion 380 348 1,116 1,024
Exploration costs 96 174 313 635
General and administrative 3,067 3,131 9,271 8,787
Total operating expenses 81,177 61,337 184,821 173,608
INCOME (LOSS) FROM OPERATIONS (1,355) 3,910 (2,666) 4,972
Interest expense [1] (2,108) (2,329) (6,188) (10,877)
Gain on extinguishment of debt 10,000 0 10,000 0
Equity method investment income (loss) 90 (119) 153 1,167
INCOME (LOSS) BEFORE INCOME TAXES 6,627 1,462 1,299 (4,738)
Current 0 (74) 0 (598)
Deferred (1,359) (387) (2,691) (2,657)
Total income tax benefit (1,359) (461) (2,691) (3,255)
NET INCOME (LOSS) $ 7,986 $ 1,923 $ 3,990 $ (1,483)
NET INCOME (LOSS) PER SHARE:        
Basic and diluted (in dollars per share) $ 0.26 $ 0.06 $ 0.13 $ (0.05)
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic and diluted (in shares) 30,613 30,465 30,612 30,436
(1) Interest Expense:        
Bank interest $ 2,167 $ 2,714 $ 6,610 $ 8,210
Non-cash interest:        
Change in interest rate swap valuation (716) (995) (2,330) 981
Amortization of debt issuance costs 657 610 1,908 1,686
Total non-cash interest (59) (385) (422) 2,667
Total interest [1] $ 2,108 $ 2,329 $ 6,188 $ 10,877
[1] Interest Expense