Schedule I - Condensed Financial Information of the Parent

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule I - Condensed Financial Information of the Parent

Parent Company Condensed Balance Sheets

The condensed balance sheets of NACCO, the parent company, at December 31 are as follows:

	2015		2014
ASSETS
Cash and cash equivalents	$	22,506	$	53,415
Current intercompany accounts receivable, net	2,555		—
Other current assets	1,241		1,570
Investment in subsidiaries
HBB	51,377		49,613
KC	31,750		32,170
NACoal	108,381		103,056
Other	13,516		13,143
	205,024		197,982
Property, plant and equipment, net	1,276		1,253
Other non-current assets	8,534		8,078
Total Assets	$	241,136	$	262,298
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities	$	6,323	$	7,636
Current intercompany accounts payable, net	—		9,756
Note payable to Bellaire	18,700		18,700
Other non-current liabilities	14,975		14,732
Stockholders’ equity	201,138		211,474
Total Liabilities and Stockholders’ Equity	$	241,136	$	262,298

The credit agreements at NACoal, HBB and KC allow the transfer of assets to NACCO under certain circumstances. The amount of NACCO's investment in NACoal, HBB, KC and NACCO and Other that was restricted at December 31, 2015 totaled approximately $182.1 million. The amount of unrestricted cash available to NACCO included in “Investment in subsidiaries” was $12.0 million at December 31, 2015. Dividends, advances and management fees from its subsidiaries are the primary sources of cash for NACCO.

SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE PARENT

NACCO INDUSTRIES, INC. AND SUBSIDIARIES

PARENT COMPANY CONDENSED BALANCE SHEETS

	December 31
	2015		2014
	(In thousands)
ASSETS
Cash and cash equivalents	$	22,506	$	53,415
Current intercompany accounts receivable, net	2,555		—
Other current assets	1,241		1,570
Investment in subsidiaries
HBB	51,377		49,613
KC	31,750		32,170
NACoal	108,381		103,056
Other	13,516		13,143
	205,024		197,982
Property, plant and equipment, net	1,276		1,253
Other non-current assets	8,534		8,078
Total Assets	$	241,136	$	262,298
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities	$	6,323	$	7,636
Current intercompany accounts payable, net	—		9,756
Note payable to Bellaire	18,700		18,700
Other non-current liabilities	14,975		14,732
Stockholders’ equity	201,138		211,474
Total Liabilities and Stockholders’ Equity	$	241,136	$	262,298

See Notes to Parent Company Condensed Financial Statements.

SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE PARENT

NACCO INDUSTRIES, INC. AND SUBSIDIARIES

PARENT COMPANY CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

	Year Ended December 31
	2015			2014			2013
	(In thousands)
(Income) expense:
Intercompany interest expense	$	1,309		$	1,305		$	1,431
Other, net	(270		)	(276		)	(471		)
	1,039			1,029			960
Administrative and general expenses	3,704			4,862			5,670
Loss before income taxes	(4,743		)	(5,891		)	(6,630		)
Income tax benefit	(1,496		)	(1,764		)	(1,527		)
Net loss before equity in earnings of subsidiaries	(3,247		)	(4,127		)	(5,103		)
Equity in earnings of subsidiaries	25,231			(33,991		)	49,553
Net income (loss)	21,984			(38,118		)	44,450
Foreign currency translation adjustment	(2,756		)	(1,896		)	(229		)
Deferred gain on available for sale securities, net of tax	17			442			729
Current period cash flow hedging activity, net of $357 tax benefit in 2015, $838 tax benefit in 2014 and $477 tax expense in 2013	(577		)	(1,518		)	810
Reclassification of hedging activities into earnings, net of $191 tax benefit in 2015, $489 tax benefit in 2014 and $95 tax benefit in 2013	409			898			152
Current period pension and postretirement plan adjustment, net of $1,222 tax benefit in 2015, $3,292 tax benefit in 2014 and $5,531 tax expense in 2013	(1,204		)	(6,483		)	8,022
Curtailment gain into earnings, net of $718 tax expense in 2013	—			—			(983		)
Reclassification of pension and postretirement adjustments into earnings, net of $420 tax benefit in 2015, $313 tax benefit in 2014 and $740 tax benefit in 2013	856			627			1,101
Total other comprehensive income (loss)	(3,255		)	(7,930		)	9,602
Comprehensive Income (loss)	$	18,729		$	(46,048	)	$	54,052

See Notes to Parent Company Condensed Financial Statements.

SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE PARENT

NACCO INDUSTRIES, INC. AND SUBSIDIARIES

PARENT COMPANY CONDENSED STATEMENTS OF CASH FLOWS

	Year Ended December 31
	2015			2014			2013
	(In thousands)
Operating Activities
Net income (loss)	$	21,984		$	(38,118	)	$	44,450
Equity in earnings of subsidiaries	25,231			(33,991		)	49,553
Parent company only net loss	(3,247		)	(4,127		)	(5,103		)
Net changes related to operating activities	(11,015		)	5,710			(1,858		)
Net cash provided by (used for) operating activities	(14,262		)	1,583			(6,961		)
Investing Activities
Expenditures for property, plant and equipment	(328		)	(103		)	(238		)
Net cash used for investing activities	(328		)	(103		)	(238		)
Financing Activities
Cash dividends received from subsidiaries	15,000			22,300			20,000
Notes payable to Bellaire	—			(1,750		)	—
Capital contributions to subsidiaries	—			(19,800		)	—
Purchase of treasury shares	(24,010		)	(35,075		)	(31,306		)
Cash dividends paid	(7,296		)	(7,755		)	(8,104		)
Other	(13		)	(20		)	(15		)
Net cash used for financing activities	(16,319		)	(42,100		)	(19,425		)
Cash and cash equivalents
Decrease for the period	(30,909		)	(40,620		)	(26,624		)
Balance at the beginning of the period	53,415			94,035			120,659
Balance at the end of the period	$	22,506		$	53,415		$	94,035

See Notes to Parent Company Condensed Financial Statements.

SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE PARENT

NACCO INDUSTRIES, INC. AND SUBSIDIARIES

NOTES TO PARENT COMPANY CONDENSED FINANCIAL STATEMENTS

FOR THE YEAR ENDED DECEMBER 31, 2015, 2014 AND 2013

The notes to Consolidated Financial Statements, incorporated in Item 15 of this Form 10-K, are hereby incorporated by reference into these Notes to Parent Company Condensed Financial Statements.

NOTE A — ACCOUNTING POLICIES

NACCO Industries, Inc. (the parent company or “NACCO”) is a holding company with subsidiaries that operate in three principal industries. In the Parent Company Condensed Financial Statements, NACCO's investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries since the date of acquisition. NACCO's share of net income of unconsolidated subsidiaries is included in net income using the equity method. Parent Company financial statements should be read in conjunction with the Company's consolidated financial statements.

NOTE B — LONG-TERM OBLIGATIONS AND GUARANTEES

It is NACCO's policy not to guarantee the debt of its subsidiaries.

NOTE C — UNRESTRICTED CASH

The amount of unrestricted cash available to NACCO, included in “Investment in subsidiaries,” was $12.0 million at December 31, 2015 and was in addition to the $22.5 million of cash included in the Parent Company Condensed Balance Sheet at December 31, 2015.