XML 115 R12.htm IDEA: XBRL DOCUMENT v3.24.0.1
INVENTORIES
12 Months Ended
Dec. 31, 2023
INVENTORIES  
INVENTORIES

4.

INVENTORIES

Inventories consist of the following:

December 31, 

2023

    

2022

 

(in thousands)

Coal

$

56,549

$

23,553

Supplies (net of reserve for obsolescence of $8,167 and $6,601, respectively)

 

71,007

 

53,773

Total inventories, net

$

127,556

$

77,326

The table above includes lower of cost or net realizable value adjustments of $33.3 million. These adjustments are a result of lower coal sale prices and higher cost per ton primarily due to the impact of Mettiki's longwall being idle most of the second half of 2023 due to delayed development of a new longwall district, Hamilton experiencing disruptions in production due to a longwall move, and continuing development of the Henderson County mine at our River View complex.