XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.25.2

Business Segments | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Business Segments | Business Segments Our operating segments are: (i) Utility Coal Mining, (ii) Contract Mining and (iii) Minerals and Royalties. We determine our reportable segments by first identifying our operating segments, and then by assessing whether any components of these segments constitute a business for which discrete financial information is available and where segment management regularly reviews the operating results of that component. Our President and Chief Executive Officer, who is the Chief Operating Decision Maker (CODM), utilizes Operating profit (loss) to evaluate segment performance and allocate resources. Our CODM considers actual, budgeted and forecasted Operating profit (loss) from operations on a monthly basis for evaluating the performance of each segment and making decisions about allocating capital and other resources to each segment. See Note 1 for a discussion of our reportable segments. All financial statement line items below operating profit (other income, including interest expense and interest income, the provision (benefit) for income taxes and net income) are presented and discussed within this Form 10-Q on a consolidated basis. The following table provides segment financial information and a reconciliation of segment results to consolidated results:
| THREE MONTHS ENDED |  | SIX MONTHS ENDED
| JUNE 30 |  | JUNE 30
| 2025 |  | 2024 |  | 2025 |  | 2024
Revenues |  |  |  |  |  |  |
Utility Coal Mining | $ | 28,626 |  |  | $ | 14,996 |  |  | $ | 47,865 |  |  | $ | 30,541 |
Contract Mining | 30,723 |  |  | 27,920 |  |  | 62,249 |  |  | 52,403 |
Minerals and Royalties | 7,268 |  |  | 5,593 |  |  | 18,170 |  |  | 15,994 |
Unallocated Items | 2,223 |  |  | 4,566 |  |  | 6,623 |  |  | 7,828 |
Eliminations | (605) |  |  | (730) |  |  | (1,101) |  |  | (1,132) |
Total | $ | 68,235 |  |  | $ | 52,345 |  |  | $ | 133,806 |  |  | $ | 105,634 |
Cost of sales |  |  |  |  |  |  |
Utility Coal Mining | $ | 30,327 |  |  | $ | 16,138 |  |  | $ | 52,897 |  |  | $ | 37,081 |
Contract Mining | 28,659 |  |  | 24,254 |  |  | 57,037 |  | 45,925
Minerals and Royalties | 986 |  |  | 1,501 |  |  | 3,230 |  | 2,865
Unallocated Items | 2,051 |  |  | 4,167 |  |  | 5,288 |  | 6,879
Eliminations | (608) |  |  | (733) |  |  | (1,120) |  | (1,152)
Total | $ | 61,415 |  |  | $ | 45,327 |  |  | $ | 117,332 |  |  | $ | 91,598 |
Earnings of unconsolidated operations |  |  |  |  |  |  |
Utility Coal Mining | $ | 11,656 |  |  | $ | 12,006 |  |  | $ | 26,119 |  |  | $ | 24,013 |
Contract Mining | 1,232 |  |  | 1,448 |  |  | 2,201 |  |  | 2,813 |
Minerals and Royalties | 251 |  |  | 138 |  |  | 805 |  |  | 73 |
Unallocated Items | (1) |  |  | — |  |  | (1) |  |  | — |
Total | $ | 13,138 |  |  | $ | 13,592 |  |  | $ | 29,124 |  |  | $ | 26,899 |
Operating expenses (income)* |  |  |  |  |  |  |
Utility Coal Mining | $ | 8,733 |  |  | $ | 8,097 |  |  | $ | 16,074 |  |  | $ | 15,123 |
Contract Mining | 2,286 |  |  | 2,029 |  |  | 4,433 |  |  | 3,851 |
Minerals and Royalties | 1,328 |  |  | (3,361) |  |  | 2,633 |  |  | (2,319) |
Unallocated Items | 7,662 |  |  | 6,479 |  |  | 14,827 |  |  | 12,157 |
Total | $ | 20,009 |  |  | $ | 13,244 |  |  | $ | 37,967 |  |  | $ | 28,812 |
Operating (loss) profit |  |  |  |  |  |  |
Utility Coal Mining | $ | 1,222 |  |  | $ | 2,767 |  |  | $ | 5,013 |  |  | $ | 2,350 |
Contract Mining | 1,010 |  |  | 3,085 |  |  | 2,980 |  | 5,440
Minerals and Royalties | 5,205 |  |  | 7,591 |  |  | 13,112 |  | 15,521
Unallocated Items | (7,491) |  |  | (6,080) |  |  | (13,493) |  | (11,208)
Eliminations | 3 |  |  | 3 |  |  | 19 |  | 20
Total | $ | (51) |  |  | $ | 7,366 |  |  | $ | 7,631 |  |  | $ | 12,123 |
*Operating expenses (income) consist of Selling, general and administrative expenses, Amortization of intangible assets and Gain on sale of assets.
| THREE MONTHS ENDED |  | SIX MONTHS ENDED
| JUNE 30 |  | JUNE 30
| 2025 |  | 2024 |  | 2025 |  | 2024
Expenditures for property, plant and equipment and acquisition of mineral interests |  |  |  |  |  |  |
Utility Coal Mining | $ | 1,433 |  |  | $ | 1,913 |  |  | $ | 2,050 |  |  | $ | 3,707 |
Contract Mining | 1,032 |  |  | 5,168 |  |  | 7,786 |  |  | 10,986 |
Minerals and Royalties | — |  |  | 10 |  |  | 807 |  |  | 146 |
Unallocated Items | 677 |  |  | 827 |  |  | 1,307 |  |  | 7,562 |
Total | $ | 3,142 |  |  | $ | 7,918 |  |  | $ | 11,950 |  |  | $ | 22,401 |
Depreciation, depletion and amortization |  |  |  |  |  |  |
Utility Coal Mining | $ | 2,132 |  |  | $ | 2,896 |  |  | $ | 4,150 |  |  | $ | 5,110 |
Contract Mining | 2,917 |  |  | 2,434 |  |  | 5,619 |  |  | 4,690 |
Minerals and Royalties | 845 |  |  | 1,323 |  |  | 2,753 |  |  | 2,316 |
Unallocated Items | 197 |  |  | 354 |  |  | 362 |  |  | 583 |
Total | $ | 6,091 |  |  | $ | 7,007 |  |  | $ | 12,884 |  |  | $ | 12,699 |
|  |  |  |  | JUNE 30 2025 |  | DECEMBER 31 2024
Total assets |  |  |  |  |  |  |
Utility Coal Mining |  |  |  |  | $ | 117,201 |  |  | $ | 125,301 |
Contract Mining |  |  |  |  | 212,254 |  |  | 204,889 |
Minerals and Royalties |  |  |  |  | 96,247 |  |  | 99,905 |
Unallocated Items** |  |  |  |  | 205,610 |  |  | 201,592 |
Total |  |  |  |  | $ | 631,312 |  |  | $ | 631,687 |
**Unallocated Items consist primarily of Cash and cash equivalents, assets of growth businesses, Deferred income taxes and Investments in unconsolidated subsidiaries.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration