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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating Activities    
Net (loss) income $ (39,587) $ 74,158
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 29,387 26,816
Amortization of deferred financing fees 505 446
Deferred income taxes (21,114) (8,471)
Stock-based compensation 5,157 7,541
Loss (gain) on sale of assets 221 (2,463)
Inventory impairment charge 7,514 0
Other contract termination settlements 0 (15,552)
Long-lived asset impairment charge 65,887 3,939
Other 968 (791)
Working capital changes:    
Affiliates receivable/payable (55) 0
Accounts receivable 2,519 (13,224)
Inventories (12,971) (6,834)
Other current assets (1,849) 1,308
Accounts payable 3,148 252
Income taxes receivable/payable 14,996 (416)
Other current liabilities (236) 1,026
Net cash provided by operating activities 54,490 67,735
Investing Activities    
Expenditures for property, plant and equipment (45,408) (42,523)
Acquisition of mineral interests (36,714) (11,924)
Proceeds from the sale of assets 561 2,837
Equity method investment (3,464) 0
Proceeds from the sale of private company equity units 3,574 18,628
Other (146) (170)
Net cash used for investing activities (81,597) (33,152)
Financing Activities    
Net additions (reductions) to revolving credit agreement 10,000 (4,000)
Additions to long-term debt 5,232 3,091
Reductions to long-term debt (4,209) (2,919)
Cash dividends paid (6,452) (6,012)
Purchase of treasury shares (3,103) 0
Net cash provided by (used for) financing activities 1,468 (9,840)
Cash and Cash Equivalents    
Total (decrease) increase for the year (25,639) 24,743
Balance at the beginning of the year 110,748 86,005
Balance at the end of the year $ 85,109 $ 110,748