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Schedule I - Condensed Financial Information of the Parent | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information 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:
| 2019 |  | 2018
ASSETS |  |  |
Cash and cash equivalents | $ | 120,016 |  |  | $ | 84,819 |
Accounts receivable from affiliates | 515 |  |  | 2,418 |
Current intercompany accounts receivable, net | 1,255 |  |  | 868 |
Other current assets | 10,448 |  |  | 4,508 |
Investment in subsidiaries | 189,338 |  |  | 185,653 |
Property, plant and equipment, net | 167 |  |  | 241 |
Other non-current assets | 4,570 |  |  | 7,851 |
Total Assets | $ | 326,309 |  |  | $ | 286,358 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |
Current liabilities | $ | 5,257 |  |  | $ | 5,148 |
Current portion of deferred compensation | 13,465 |  |  | — |
Note payable to Bellaire | 16,950 |  |  | 17,300 |
Deferred compensation | — |  |  | 12,939 |
Other non-current liabilities | 1,245 |  |  | 267 |
Stockholders’ equity | 289,392 |  |  | 250,704 |
Total Liabilities and Stockholders’ Equity | $ | 326,309 |  |  | $ | 286,358 |
The credit agreement at NACoal allows for the transfer of assets to NACCO under certain circumstances. The amount of NACCO's investment that was restricted at December 31, 2019 totaled approximately $1.7 million. The amount of unrestricted cash available to NACCO included in “Investment in subsidiaries” was $0.6 million at December 31, 2019. Dividends 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
| 2019 |  | 2018
| (In thousands)
ASSETS |  |  |
Cash and cash equivalents | $ | 120,016 |  |  | $ | 84,819 |
Accounts receivable from affiliates | 515 |  |  | 2,418 |
Current intercompany accounts receivable, net | 1,255 |  |  | 868 |
Other current assets | 10,448 |  |  | 4,508 |
Investment in subsidiaries | 189,338 |  |  | 185,653 |
Property, plant and equipment, net | 167 |  |  | 241 |
Other non-current assets | 4,570 |  |  | 7,851 |
Total Assets | $ | 326,309 |  |  | $ | 286,358 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |
Current liabilities | $ | 5,257 |  |  | $ | 5,148 |
Current portion of deferred compensation | 13,465 |  |  | — |
Note payable to Bellaire | 16,950 |  |  | 17,300 |
Deferred compensation | — |  |  | 12,939 |
Other non-current liabilities | 1,245 |  |  | 267 |
Stockholders’ equity | 289,392 |  |  | 250,704 |
Total Liabilities and Stockholders’ Equity | $ | 326,309 |  |  | $ | 286,358 |
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
| 2019 |  | 2018
| (In thousands)
Expense (income): |  |  |
Intercompany interest expense | $ | 1,190 |  |  | $ | 1,223 |
Other, net | (1,796 | ) |  | (613 | )
| (606 | ) |  | 610 |
Administrative and general expenses | 6,403 |  |  | 5,962 |
Loss before income taxes | (5,797 | ) |  | (6,572 | )
Income tax benefit | (3,819 | ) |  | (676 | )
Net loss before equity in earnings of subsidiaries | (1,978 | ) |  | (5,896 | )
Equity in earnings of subsidiaries | 41,610 |  |  | 40,681 |
Net income | 39,632 |  |  | 34,785 |
Current period pension and postretirement plan adjustment, net of $226 expense and $14 tax benefit in 2019 and 2018, respectively | 758 |  |  | (301 | )
Pension settlement, net of $202 tax benefit in 2019 | 671 |  |  | — |
Reclassification of pension and postretirement adjustments into earnings, net of $90 and $85 tax benefit in 2019 and 2018, respectively | 845 |  |  | 489 |
Total other comprehensive income | 2,274 |  |  | 188 |
Comprehensive Income | $ | 41,906 |  |  | $ | 34,973 |
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
| 2019 |  | 2018
| (In thousands)
Operating Activities |  |  |
Net income | $ | 39,632 |  |  | $ | 34,785 |
Equity in earnings of subsidiaries | 41,610 |  |  | 40,681 |
Parent company only net loss | (1,978 | ) |  | (5,896 | )
Net changes related to operating activities | 3,671 |  |  | (5,496 | )
Net cash provided by (used for) operating activities | 1,693 |  |  | (11,392 | )
Investing Activities |  |  |
Expenditures for property, plant and equipment | — |  |  | (12 | )
Net cash used for investing activities | — |  |  | (12 | )
Financing Activities |  |  |
Dividends received from subsidiaries | 42,000 |  |  | 8,000 |
Notes payable to Bellaire | (350 | ) |  | (551 | )
Purchase of treasury shares | (3,010 | ) |  | (1,294 | )
Cash dividends paid | (5,132 | ) |  | (4,578 | )
Other | (4 | ) |  | — |
Net cash provided by financing activities | 33,504 |  |  | 1,577 |
Cash and cash equivalents |  |  |
Increase (decrease) for the period | 35,197 |  |  | (9,827 | )
Balance at the beginning of the period | 84,819 |  |  | 94,646 |
Balance at the end of the period | $ | 120,016 |  |  | $ | 84,819 |
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, 2019 AND 2018 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.® (“NACCO” or the “parent company”) is the public holding company for The North American Coal Corporation® ("NACoal"). 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 NACoal. NOTE C — UNRESTRICTED CASH The amount of unrestricted cash available to NACCO, included in Investment in subsidiaries, was $0.6 million at December 31, 2019 and was in addition to the $120.0 million of cash included in the Parent Company Condensed Balance Sheet at December 31, 2019.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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