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Business Segments
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Business Segments
Business Segments

NACCO is a holding company with the following principal subsidiaries: NACoal, HBB and KC. See Note 1 for a discussion of the Company's industries and product lines. NACCO's non-operating segment, NACCO and Other, includes the accounts of the parent company and Bellaire Corporation ("Bellaire"), a non-operating subsidiary of the Company.
 
Financial information for each of NACCO's reportable segments is presented in the following table. The line “Eliminations” in the Revenues section eliminates revenues from HBB sales to KC. The amounts of these revenues are based on current market prices of similar third-party transactions. No other sales transactions occur among reportable segments.
 
THREE MONTHS ENDED
 
NINE MONTHS ENDED
 
SEPTEMBER 30
 
SEPTEMBER 30
 
2015
 
2014
 
2015
 
2014
Revenues
 
 
 
 
 
 
 
NACoal
$
42,704

 
$
49,840

 
$
121,965

 
$
139,492

HBB
163,291

 
135,155

 
416,082

 
354,865

KC
34,708

 
37,551

 
94,457

 
107,231

Eliminations
(1,596
)
 
(832
)
 
(3,163
)
 
(2,091
)
Total
$
239,107

 
$
221,714

 
$
629,341

 
$
599,497

 
 
 
 
 
 
 
 
Operating profit (loss)
 

 
 

 
 
 
 
NACoal (a)
$
(4,010
)
 
$
4,362

 
$
3,579

 
$
11,198

HBB
11,643

 
9,531

 
16,711

 
12,719

KC
(843
)
 
(1,429
)
 
(6,860
)
 
(12,198
)
NACCO and Other  (b)
(1,142
)
 
(1,073
)
 
(3,267
)
 
(4,429
)
Eliminations
112

 
(68
)
 
126

 
(443
)
Total
$
5,760

 
$
11,323

 
$
10,289

 
$
6,847

 
 
 
 
 
 
 
 
Net income (loss)
 
 
 
 
 
 
 
NACoal
$
(5,345
)
 
$
3,185

 
$
3,401

 
$
8,815

HBB
6,378

 
6,008

 
8,614

 
7,717

KC
(550
)
 
(966
)
 
(4,290
)
 
(7,656
)
NACCO and Other
(774
)
 
(906
)
 
(2,710
)
 
(3,776
)
Eliminations
3,432

 
378

 
(1,122
)
 
(2,549
)
Total
$
3,141

 
$
7,699

 
$
3,893

 
$
2,551




(a) During the third quarter of 2015, the Company recorded a $0.5 million charge for severance as a result of the decision to cease mining operations at Centennial in Alabama by the end of 2015. Revisions were also made to Centennial's asset retirement obligations due to revised estimated cash flows and the timing of those cash flows, resulting in a $7.5 million charge during the third quarter of 2015. Both of these charges are included in Cost of sales in NACoal. See Note 12 for further discussion on NACoal's asset retirement obligations.

(b) During the second quarter of 2014, the Company recorded a $1.1 million charge included in Selling, general and administrative expenses in NACCO and Other to correct a prior period accounting error related to an increase in the estimated liability for certain frozen deferred compensation plans. Management, quantitatively and qualitatively, assessed the materiality of the error and the correction thereof and concluded that the effect of the previous accounting treatment was not material to prior periods, 2014 full-year results, or trend of earnings and determined no material misstatements existed in those prior periods and no restatement of those prior period financial statements was necessary.