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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
SALES AND OPERATING REVENUES:        
Coal sales $ 64,161 $ 54,600 $ 121,171 $ 100,479
Other revenues 1,768 1,038 3,665 1,854
Total revenue 65,929 55,638 124,836 102,333
EXPENSES:        
Operating expenses 51,394 42,456 105,995 76,465
Depreciation, depletion and amortization 11,164 9,715 20,695 20,022
Asset retirement obligations accretion 250 373 496 736
Exploration costs 215 159 272 217
General and administrative 3,722 3,383 6,871 6,204
Total operating expenses 66,745 56,086 134,329 103,644
LOSS FROM OPERATIONS (816) (448) (9,493) (1,311)
Interest expense (1) [1] (2,337) (2,182) (4,121) (4,080)
Equity method investment income 188 63 338 63
LOSS BEFORE INCOME TAXES (2,965) (2,567) (13,276) (5,328)
Current 0 0 0 0
Deferred 421 397 244 (1,332)
Total income tax expense (benefit) 421 397 244 (1,332)
NET LOSS $ (3,386) $ (2,964) $ (13,520) $ (3,996)
NET LOSS PER SHARE:        
Basic and diluted (in dollars per share) $ (0.11) $ (0.10) $ (0.44) $ (0.13)
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic and diluted (in shares) 30,809 30,613 30,797 30,612
(1) Interest Expense:        
Bank interest $ 1,712 $ 2,307 $ 3,422 $ 4,443
Other interest 58 0 58 0
Non-cash interest:        
Change in interest rate swap valuation (250) (766) (867) (1,614)
Amortization of debt issuance costs 817 641 1,508 1,251
Total non-cash interest 567 (125) 641 (363)
Total interest expense [1] $ 2,337 $ 2,182 $ 4,121 $ 4,080
[1] Bank interest