XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
SALES AND OPERATING REVENUES:        
Coal sales $ 83,562 $ 79,036 $ 204,733 $ 179,515
Other revenues 1,522 786 5,187 2,640
Total revenue 85,084 79,822 209,920 182,155
EXPENSES:        
Operating expenses 64,557 67,792 170,552 144,257
Depreciation, depletion and amortization 11,187 9,842 31,882 29,864
Asset retirement obligations accretion 255 380 751 1,116
Exploration costs 121 96 393 313
General and administrative 3,569 3,067 10,440 9,271
Total operating expenses 79,689 81,177 214,018 184,821
INCOME (LOSS) FROM OPERATIONS 5,395 (1,355) (4,098) (2,666)
Interest expense (1) [1] (3,355) (2,108) (7,476) (6,188)
Gain on extinguishment of debt 0 10,000 0 10,000
Equity method investment income 168 90 506 153
NET INCOME (LOSS) BEFORE INCOME TAXES 2,208 6,627 (11,068) 1,299
Current 0 0 0 0
Deferred 596 (1,359) 840 (2,691)
Total income tax expense (benefit) 596 (1,359) 840 (2,691)
NET INCOME (LOSS) $ 1,612 $ 7,986 $ (11,908) $ 3,990
NET INCOME (LOSS) PER SHARE:        
Basic and diluted (in dollars per share) $ 0.05 $ 0.26 $ (0.38) $ 0.13
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 32,983 30,613 31,727 30,612
Diluted (in shares) 33,268 30,613 31,727 30,612
(1) Interest Expense:        
Interest on bank debt $ 2,133 $ 2,167 $ 5,555 $ 6,610
Other interest 227 0 285 0
Amortization and swap-related interest:        
Payments on interest rate swap, net of changes in value 0 (716) (867) (2,330)
Amortization of debt issuance costs 995 657 2,503 1,908
Total amortization and swap related interest 995 (59) 1,636 (422)
Total interest expense [1] $ 3,355 $ 2,108 $ 7,476 $ 6,188
[1] Interest Expense: