Intrepid Potash (IPI) 10-Q 4 Aug 20 2020 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2020	Jul. 28, 2020
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-34025
Entity Registrant Name	INTREPID POTASH, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-1501877
Entity Address, Address Line One	1001 17th Street, Suite 1050
Entity Address, City or Town	Denver,
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80202
City Area Code	303
Local Phone Number	296-3006
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	IPI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		132,950,646
Entity Central Index Key	0001421461
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 34,552	$ 20,603
Accounts receivable:
Trade, net	19,256	23,749
Other receivables, net	1,982	1,247
Inventory, net	81,041	94,220
Prepaid expenses and other current assets	4,100	5,524
Total current assets	140,931	145,343
Property, plant and equipment, and mineral properties, net	368,008	378,509
Water rights	19,184	19,184
Long-term parts inventory, net	28,603	27,569
Other assets, net	11,102	7,834
Total Assets	567,828	578,439
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	8,228	9,992
Income taxes payable	49	50
Accrued liabilities	12,184	13,740
Accrued employee compensation and benefits	6,353	4,464
Advances of credit facility	0	19,817
Current portion of long-term debt	24,872	20,000
Other current liabilities	24,044	19,382
Total current liabilities	75,730	87,445
Advances on credit facility	29,817	0
Long-term debt, net	14,909	29,753
Asset retirement obligation	23,003	22,140
Operating lease liabilities	3,098	4,025
Other non-current liabilities	1,063	420
Total Liabilities	147,620	143,783
Commitments and Contingencies
Common stock, $0.001 par value; 400,000,000 shares authorized; 130,061,248 and 129,553,517 shares outstanding at June 30, 2020 and December 31, 2019, respectively	130	130
Additional paid-in capital	654,784	652,963
Retained deficit	(234,706)	(218,437)
Total Stockholders' Equity	420,208	434,656
Total Liabilities and Stockholders' Equity	$ 567,828	$ 578,439

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares outstanding	130,061,248	129,553,517

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Less:
Lower of cost or net realizable value inventory adjustments	$ 2,241	$ 0	$ 2,791	$ 0
Gross (Deficit) Margin	(599)	13,171	5,024	26,339
Selling and administrative	6,673	6,355	13,272	12,162
Accretion of asset retirement obligation	434	417	869	834
Litigation settlement	0	0	10,075	0
Loss (gain) on sale of asset	234	20	(4,462)	39
Other operating expense (income)	269	(38)	258	463
Operating (Loss) Income	(8,209)	6,417	(14,988)	12,841
Other Income (Expense)
Interest Expense, net	(635)	(806)	(1,427)	(1,409)
Interest income	0	0	116	0
Other (expense) income	(28)	0	(12)	334
(Loss) Income Before Income Taxes	(8,872)	5,611	(16,311)	11,766
Income Tax Expense	0	0	42	0
Net (Loss) Income	$ (8,872)	$ 5,611	$ (16,269)	$ 11,766
Weighted Average Shares Outstanding:
Basic (in shares)	129,786	128,896	129,679	128,813
Diluted (in shares)	129,786	131,043	129,679	130,985
Earnings Per Share:
Basic (in dollars per share)	$ (0.07)	$ 0.04	$ (0.13)	$ 0.09
Diluted (in dollars per share)	$ (0.07)	$ 0.04	$ (0.13)	$ 0.09
Freight Costs [Member]
Less:
Cost of Goods Sold	$ 8,735	$ 11,293	$ 20,595	$ 21,749
Warehouse and Handling [Member]
Less:
Cost of Goods Sold	2,065	2,230	4,969	4,466
Mineral [Member]
Sales	46,450	62,512	110,434	120,066
Less:
Cost of Goods Sold	$ 34,008	$ 35,818	$ 77,055	$ 67,512

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Deficit [Member]
Balance (in shares) at Dec. 31, 2018		128,716,595
Balance at Dec. 31, 2018	$ 417,263	$ 129	$ 649,202	$ (232,068)
Net income (loss)	11,766			11,766
Stock-based compensation	2,262		2,262
Vesting of restricted common stock, net of restricted common stock used to fund employee income tax withholding due upon vesting (in shares)		444,500
Vesting of restricted common stock, net of restricted common stock used to fund employee income tax withholding due upon vesting	(278)		(278)
Exercise of stock options (in shares)		9,187
Exercise of stock options	9		9
Balance (in shares) at Jun. 30, 2019		129,170,282
Balance at Jun. 30, 2019	431,022	$ 129	651,195	(220,302)
Balance (in shares) at Mar. 31, 2019		128,781,031
Balance at Mar. 31, 2019	424,346	$ 129	650,130	(225,913)
Net income (loss)	5,611			5,611
Stock-based compensation	1,231		1,231
Vesting of restricted common stock, net of restricted common stock used to fund employee income tax withholding due upon vesting (in shares)		389,251
Vesting of restricted common stock, net of restricted common stock used to fund employee income tax withholding due upon vesting	(166)		(166)
Balance (in shares) at Jun. 30, 2019		129,170,282
Balance at Jun. 30, 2019	431,022	$ 129	651,195	(220,302)
Balance (in shares) at Dec. 31, 2019		129,553,517
Balance at Dec. 31, 2019	434,656	$ 130	652,963	(218,437)
Net income (loss)	(16,269)			(16,269)
Stock-based compensation	1,995		1,995
Vesting of restricted common stock, net of restricted common stock used to fund employee income tax withholding due upon vesting (in shares)		507,731
Vesting of restricted common stock, net of restricted common stock used to fund employee income tax withholding due upon vesting	(174)		(174)
Balance (in shares) at Jun. 30, 2020		130,061,248
Balance at Jun. 30, 2020	420,208	$ 130	654,784	(234,706)
Balance (in shares) at Mar. 31, 2020		129,643,509
Balance at Mar. 31, 2020	428,242	$ 130	653,946	(225,834)
Net income (loss)	(8,872)			(8,872)
Stock-based compensation	965		965
Vesting of restricted common stock, net of restricted common stock used to fund employee income tax withholding due upon vesting (in shares)		417,739
Vesting of restricted common stock, net of restricted common stock used to fund employee income tax withholding due upon vesting	(127)		(127)
Balance (in shares) at Jun. 30, 2020		130,061,248
Balance at Jun. 30, 2020	$ 420,208	$ 130	$ 654,784	$ (234,706)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows from Operating Activities:
Net (loss) Income	$ (16,269)	$ 11,766
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation, depletion, and amortization	17,629	16,819
Accretion of asset retirement obligation	869	834
Amortization of deferred financing costs	161	137
Amortization of Intangible Assets	161	0
Stock-based compensation	1,995	2,262
Lower of cost or net realizable value inventory adjustments	2,791	0
(Gain) loss on disposal of assets	(4,462)	39
Allowance for doubtful accounts	275	0
Allowance for parts inventory obsolescence	492	4
Other	(116)	0
Changes in operating assets and liabilities:
Trade accounts receivable, net	4,218	607
Other receivables, net	(735)	(1,132)
Inventory, net	8,861	90
Prepaid expenses and other current assets	1,430	1,191
Accounts payable, accrued liabilities, and accrued employee compensation and benefits	1,528	603
Income taxes payable	(1)	(98)
Operating lease liabilities	(1,050)	(970)
Other liabilities	5,771	(414)
Net cash provided by operating activities	23,548	31,738
Cash Flows from Investing Activities:
Additions to property, plant, equipment, mineral properties, and other assets	(10,645)	(55,517)
Additions to intangible assets	0	(13,581)
Long-term investment	(3,500)	0
Proceeds from sale of assets	4,786	68
Net cash used in investing activities	(9,359)	(69,030)
Cash Flows from Financing Activities:
Repayments of long-term debt	(20,000)	0
Proceeds from short-term borrowings on credit facility	(10,000)	(30,000)
Repayments of short-term borrowings on credit facility	0	(10,000)
Capitalized debt fees	(36)	0
Employee tax withholding paid for restricted stock upon vesting	(174)	(278)
Proceeds from loan under CARES Act	10,000	0
Proceeds from exercise of stock options	0	9
Net cash (used in) provided by financing activities	(210)	19,731
Net Change in Cash, Cash Equivalents and Restricted Cash	13,979	(17,561)
Cash, Cash Equivalents, and Restricted Cash, beginning of period	21,239	33,704
Cash, Cash Equivalents, and Restricted Cash, end of period	35,218	16,143
Net cash paid during the period for:
Interest	1,644	1,162
Income taxes	1	98
Amounts included in the measurement of operating lease liabilities	1,267	1,140
Accrued purchases for property, plant, equipment, and mineral properties	1,830	3,174
Right-of-use assets exchanged for operating lease liabilities	$ 104	$ 6,726

COMPANY BACKGROUND

COMPANY BACKGROUND	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
COMPANY BACKGROUND	COMPANY BACKGROUND We are a diversified mineral company that delivers potassium, magnesium, sulfur, salt, and water products essential for customer success in agriculture, animal feed and the oil and gas industry. We are the only U.S. producer of muriate of potash (sometimes referred to as potassium chloride or potash), which is applied as an essential nutrient for healthy crop development, utilized in several industrial applications, and used as an ingredient in animal feed. In addition, we produce a specialty fertilizer, Trio ® , which delivers three key nutrients, potassium, magnesium, and sulfate, in a single particle. We also provide water, magnesium chloride, brine and various oilfield products and services. Our extraction and production operations are conducted entirely in the continental United States. We produce potash from three solution mining facilities: our HB solution mine in Carlsbad, New Mexico, our solution mine in Moab, Utah, and our brine recovery mine in Wendover, Utah. We also operate the North compaction facility in Carlsbad, New Mexico, which compacts and granulates product from the HB mine. We produce Trio ® from our conventional underground East mine in Carlsbad, New Mexico. We have water rights in New Mexico under which we sell water primarily to support oil and gas development in the Permian Basin near our Carlsbad facilities. We continue to work to expand our sales of water. In May 2019, we acquired certain land, water rights, and other related assets from Dinwiddie Cattle Company. We refer to these assets and operations as "Intrepid South." We have three segments: potash, Trio ® , and oilfield solutions. We account for sales of byproducts as revenue in the potash or Trio ® segment based on which segment generates the byproduct. Intersegment sales prices are market based and are eliminated. "Intrepid," "our," "we," or "us," means Intrepid Potash, Inc. and its consolidated subsidiaries.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Financial Statement Presentation —Our unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted pursuant to those rules and regulations. In the opinion of management, all adjustments, consisting of normal recurring accruals considered necessary for a fair presentation of interim financial information, have been included. These unaudited condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2019. We have updated our accounting policies for estimating credit losses as a result of adopting Accounting Standards Update ("ASU") No. 2016-13, Financial Instruments - (Topic 326): Measurement of Credit Losses on Financial Instruments , as discussed in more detail below. We have made no other changes to our significant accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2019. Recently Adopted Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - (Topic 326): Measurement of Credit Losses on Financial Instruments , which we adopted on January 1, 2020. ASU No. 2016-13 changes the way entities recognize impairment of many financial assets by requiring immediate recognition of estimated credit losses expected to occur over their remaining life and required a cumulative-effect adjustment to the statement of financial position on January 1, 2020. The effect of the adoption of this standard was immaterial on our condensed consolidated financial statements. Reclassifications of Prior Period Presentation

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period. For purposes of determining diluted earnings per share, basic weighted-average common shares outstanding is adjusted to include potentially dilutive securities, including restricted stock, stock options, and performance units. The treasury-stock method is used to measure the dilutive impact of potentially dilutive shares. Potentially dilutive shares are excluded from the diluted weighted-average shares outstanding computation in periods in which they have an anti-dilutive effect. The following table shows the calculation of basic and diluted earnings per share (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net (loss) income $ (8,872) $ 5,611 $ (16,269) $ 11,766 Basic weighted-average common shares outstanding 129,786 128,896 129,679 128,813 Add: Dilutive effect of restricted stock — 1,305 — 1,340 Add: Dilutive effect of stock options — 842 — 832 Add: Dilutive effect of performance units — — — — Diluted weighted-average common shares outstanding 129,786 131,043 129,679 130,985 Basic $ (0.07) $ 0.04 $ (0.13) $ 0.09 Diluted $ (0.07) $ 0.04 $ (0.13) $ 0.09 The following table shows the shares that have an anti-dilutive effect and are excluded from the diluted weighted-average shares outstanding computations (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Anti-dilutive effect of restricted stock 1,927 831 1,837 359 Anti-dilutive effect of stock options outstanding 3,111 1,633 3,116 1,667

CASH, CASH EQUIVALENTS AND REST

CASH, CASH EQUIVALENTS AND RESTRICTED CASH	6 Months Ended
	Jun. 30, 2020
Cash and Cash Equivalents [Abstract]
CASH, CASH EQUIVALENTS AND RESTRICTED CASH	CASH, CASH EQUIVALENTS AND RESTRICTED CASH Total cash, cash equivalents and restricted cash, as shown on the condensed consolidated statements of cash flows are included in the following accounts at June 30, 2020, and 2019 (in thousands): June 30, 2020 June 30, 2019 Cash and cash equivalents $ 34,552 $ 15,508 Restricted cash included in other current assets 150 150 Restricted cash included in other long-term assets 516 485 Total cash, cash equivalents, and restricted cash as shown in the statement of cash flows $ 35,218 $ 16,143 Restricted cash included in other current and long-term assets on the condensed consolidated balance sheets represents amounts whose use is restricted by contractual agreements with various entities, principally the Bureau of Land Management or the State of Utah, as security to fund future reclamation obligations at our sites.

PROPERTY, PLANT, EQUIPMENT, AND

PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES	PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES Property, plant, equipment, and mineral properties were comprised of the following (in thousands): June 30, 2020 December 31, 2019 Land $ 27,263 $ 27,274 Ponds and land improvements 66,298 65,992 Mineral properties and development costs 143,955 143,988 Buildings and plant 81,636 81,468 Machinery and equipment 261,924 253,536 Vehicles 5,958 6,222 Office equipment and improvements 9,739 9,136 Operating lease ROU assets 8,177 8,123 Construction in progress 3,864 7,124 Total property, plant, equipment, and mineral properties, gross $ 608,814 $ 602,863 Less: accumulated depreciation, depletion, and amortization (240,806) (224,354) Total property, plant, equipment, and mineral properties, net $ 368,008 $ 378,509 In March 2020, we sold approximately 320 acres of land for $4.8 million. In connection with that sale, we recorded a gain of $4.7 million. We incurred the following expenses for depreciation, depletion, and amortization, including expenses capitalized into inventory, for the following periods (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Depreciation $ 7,363 $ 6,896 $ 14,654 $ 13,752 Depletion 136 691 1,888 2,108 Amortization of right of use assets 544 486 1,087 959 Total incurred $ 8,043 $ 8,073 $ 17,629 $ 16,819

DEBT

DEBT	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
DEBT	DEBT Senior Notes —As of June 30, 2020, we had outstanding $30 million of senior notes (the "Notes") consisting of the following series: • $15 million of Senior Notes, Series B, due April 14, 2023 • $15 million of Senior Notes, Series C, due April 16, 2025 On April 16, 2020, we repaid our Series A Senior Notes ($20 million) at maturity. In July 2020, we reached an agreement with our noteholders to repay our Series C notes on July 17, 2020. As part of the agreement, we repaid the full $15 million of principal along with a reduced make-whole payment of $1.9 million. The agreement governing the Notes contains certain financial covenants, including the following: • We are required to maintain a minimum fixed charge coverage ratio of 1.3 to 1.0 as of the last day of each quarter, measured based on the previous four quarters. Our fixed charge coverage ratio as of June 30, 2020, was 3.5 to 1.0, therefore we were in compliance with this covenant. • We are allowed a maximum leverage ratio of 3.5 to 1.0 as of the last day of each quarter, measured based on the previous four quarters. Our leverage ratio as of June 30, 2020, was 2.0 to 1.0, therefore we were in compliance with this covenant. Fixed charge coverage ratio and leverage ratio are calculated in accordance with the agreement governing the Notes. For both the six-month period ended June 30, 2020, and the six-month period ended June 30, 2019, the interest rates on the Notes were 3.73% for the Series A Notes, 4.63% for the Series B Notes and 4.78% for the Series C Notes. These rates represent the lowest interest rates available under the Notes. The interest rates may adjust upward if we do not continue to meet certain financial covenants. We have granted to the collateral agent for the noteholders a first lien on substantially all of our non-current assets and a second lien on substantially all of our current assets. We are required to offer to prepay the Notes with the proceeds of dispositions of certain specified property and with the proceeds of certain equity issuances, as set forth in the agreement governing the Notes. The obligations under the Notes are unconditionally guaranteed by several of our subsidiaries. We were in compliance with the applicable covenants under the agreement governing the Notes as of June 30, 2020. In April 2020, we amended the agreement governing the Notes to allow for a $10 million loan under the Paycheck Protection Program under the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"), as described further below. Our outstanding long-term debt, net, as of June 30, 2020, and December 31, 2019, was as follows (in thousands): June 30, 2020 December 31, 2019 Notes and Payroll Protection Loan $ 40,000 $ 50,000 Less current portion of long-term debt (24,872) (20,000) Less deferred financing costs (219) (247) Long-term debt, net $ 14,909 $ 29,753 Credit Facility —We maintain a revolving credit facility with Bank of Montreal. As of June 30, 2020, borrowings under the credit facility bear interest at LIBOR (London Interbank Offered Rate) plus an applicable margin of 1.25% to 2.00% per annum, based on average availability under the credit facility. We have granted to Bank of Montreal a first lien on substantially all of our current assets and a second lien on substantially all of our non-current assets. The obligations under the credit facility are unconditionally guaranteed by several of our subsidiaries. We occasionally borrow and repay amounts under the facility for near-term working capital needs or other purposes and may do so in the future. During the six months ended June 30, 2020, we borrowed $10 million under the facility. As of June 30, 2020, we had $29.8 million of borrowings outstanding and $1 million in outstanding letters of credit under the facility. Including the outstanding letters of credit, we had $44.2 million available to be borrowed under the facility as of June 30, 2020. We were in compliance with the applicable covenants under the facility as of June 30, 2020. During the six months ended June 30, 2019, we had $30 million in borrowings under the facility and made $10 million in repayments. In August 2019, we amended the credit facility to change it from an asset-backed facility to a cash-flow facility, to increase the amount available under the facility from $50 million to $75 million plus an additional $75 million accordion, and to extend the maturity date to August 1, 2024. In April 2020, we amended the credit facility to allow for a $10 million loan under the CARES Act, described below. PPP Loan —In April 2020, we applied for and received a $10 million loan under the Paycheck Protection Program (the "PPP") under the CARES Act. The loan matures on April 18, 2022 and bears interest at a rate of 1% per annum. Beginning November 18, 2020, we are required to make monthly payments of principal and interest in the amount of $0.6 million. We may prepay the loan at any time prior to maturity with no prepayment penalties. We plan to use the funds exclusively for allowed payroll and benefits expenses and expect the majority of the loan, if not all, will be forgiven. The loan contains customary events of default relating to, among other things, payment defaults, making materially false and misleading representations to the lender or breaching the terms of the loan documents. During the second quarter of 2020, the PPP was amended to allow borrowers to choose either an eight-week or 24-week period to use the funds. We elected to use the 24-week period, which will end in early October. The amount eligible for forgiveness is based on the amount of loan proceeds used by us (during the 24-week period after the lender makes the first disbursement of loan proceeds) for the payment of certain covered costs, including payroll costs (including benefits), subject to certain limitations and reductions in accordance with the CARES Act. No assurance can be given that we will obtain forgiveness of the loan in whole or in part. In addition, as a borrower that received over $2.0 million, we expect to be subject to an audit to review our eligibility under the PPP. The timing and scope of the audit remains unclear and as a result we are not able to forecast when we can expect a decision on loan forgiveness. We do not expect the audit will impact our eligibility for forgiveness under the PPP. Interest Expense —Interest expense is recorded net of any capitalized interest associated with investments in capital projects. We incurred gross interest expense of $0.7 million and $0.8 million for the three months ended June 30, 2020, and 2019, respectively, and $1.5 million and $1.5 million for the six months ended June 30, 2020, and 2019, respectively. Amounts included in interest expense, net for the three and six months ended June 30, 2020, and 2019, were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Interest on debt borrowings $ 584 $ 766 $ 1,363 $ 1,339 Amortization of deferred financing costs 75 68 161 137 Gross interest expense 659 834 1,524 1,476 Less capitalized interest (24) (28) (97) (67) Interest expense, net $ 635 $ 806 $ 1,427 $ 1,409

FINANCIAL INFORMATION FOR SUBSI

FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS OF POSSIBLE FUTURE PUBLIC DEBT	6 Months Ended
	Jun. 30, 2020
Guarantees [Abstract]
FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS OF POSSIBLE FUTURE PUBLIC DEBT	FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS OF POSSIBLE FUTURE PUBLIC DEBT Intrepid Potash, Inc., as the parent company, has no independent assets or operations, and operations are conducted solely through its subsidiaries. Cash generated from operations is held at the parent-company level as cash on hand and totaled $34.6 million and $20.6 million at June 30, 2020, and December 31, 2019, respectively. If one or more of our wholly-owned operating subsidiaries guarantee public debt securities in the future, those guarantees will be full and unconditional and will constitute the joint and several obligations of the subsidiary guarantors. The assets and liabilities of our other subsidiaries are immaterial. There are no restrictions on our ability to obtain cash dividends or other distributions of funds from the subsidiary guarantors, except those imposed by applicable law.

ASSET RETIREMENT OBLIGATION

ASSET RETIREMENT OBLIGATION	6 Months Ended
	Jun. 30, 2020
Asset Retirement Obligation Disclosure [Abstract]
ASSET RETIREMENT OBLIGATION	ASSET RETIREMENT OBLIGATION We recognize an estimated liability for future costs associated with the abandonment and reclamation of our mining properties. A liability for the fair value of an asset retirement obligation and a corresponding increase to the carrying value of the related long-lived asset are recorded as the mining operations occur or the assets are acquired. Our asset retirement obligation is based on the estimated cost to abandon and reclaim the mining operations, the economic life of the properties, and federal and state regulatory requirements. The liability is discounted using credit adjusted risk-free rate estimates at the time the liability is incurred or when there are upward revisions to estimated costs. The credit adjusted risk-free rates used to discount our abandonment liabilities range from 6.9% to 9.7%. Revisions to the liability occur due to construction of new or expanded facilities, changes in estimated abandonment costs or economic lives, or if federal or state regulators enact new requirements regarding the abandonment or reclamation of mines. Following is a table of the changes to our asset retirement obligation for the following periods (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Asset retirement obligation, at beginning of period $ 22,685 $ 23,542 $ 22,250 $ 23,125 Liabilities settled (116) — (116) — Liabilities incurred — — — — Accretion of discount 434 417 869 834 Total asset retirement obligation, at end of period $ 23,003 $ 23,959 $ 23,003 $ 23,959

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE Revenue Recognition —We account for revenue in accordance with ASC Topic 606 Revenue from Contracts with Customers ("ASC 606"). Under ASC 606, we recognize revenue when control of the promised goods or services is transferred to customers in an amount that reflects the consideration we expect to be entitled in exchange for those goods or services. Contract Balances: As of June 30, 2020, and December 31, 2019, we had $22.7 million and $16.6 million of contract liabilities, respectively, which are included in "Other current liabilities" on the Condensed Consolidated Balance Sheets. The timing of revenue recognition, billings, and cash collection may result in contract assets or contract liabilities. For certain contracts, the customer has agreed to pay us before we have satisfied our performance obligations. Customer payments received before we have satisfied our performance obligations are accounted for as a contract liability. As of June 30, 2020 and 2019, the majority our contract liability relates to payments received from a customer for water purchases for which we have not yet delivered the water. Our contract liability activity for the three and six months ended June 30, 2020, and 2019 is shown below (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Beginning balance $ 17,086 $ 8,517 $ 16,612 $ 11,678 Additions 5,736 3,528 9,646 3,528 Recognized as revenue during period (132) (1,402) (3,568) (4,563) Ending balance $ 22,690 $ 10,643 $ 22,690 $ 10,643 Disaggregation of Revenue: The tables below show the disaggregation of revenue by product and reconciles disaggregated revenue to segment revenue for the three and six months ended June 30, 2020, and 2019. We believe the disaggregation of revenue by products best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic conditions (in thousands): Three Months Ended June 30, 2020 Product Potash Segment Trio ® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 21,549 $ — $ — $ (74) $ 21,475 Trio ® — 18,832 — — 18,832 Water 112 404 2,029 — 2,545 Salt 1,701 15 — — 1,716 Magnesium Chloride 952 — — — 952 Brine Water 212 — 161 — 373 Other — — 557 — 557 Total Revenue $ 24,526 $ 19,251 $ 2,747 $ (74) $ 46,450 Six Months Ended June 30, 2020 Product Potash Segment Trio® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 51,367 $ — $ — $ (203) $ 51,164 Trio ® — 40,033 — — 40,033 Water 695 1,651 8,690 — 11,036 Salt 3,797 148 — — 3,945 Magnesium Chloride 1,711 — — — 1,711 Brine Water 747 — 192 — 939 Other — — 1,606 — 1,606 Total Revenue $ 58,317 $ 41,832 $ 10,488 $ (203) $ 110,434 Three Months Ended June 30, 2019 Product Potash Segment Trio ® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 32,020 $ — $ 218 $ (111) $ 32,127 Trio ® — 20,362 — — 20,362 Water 457 938 4,270 — 5,665 Salt 2,368 135 — — 2,503 Magnesium Chloride 206 — — — 206 Brine Water 496 — — — 496 Other — — 1,153 — 1,153 Total Revenue $ 35,547 $ 21,435 $ 5,641 $ (111) $ 62,512 Six Months Ended June 30, 2019 Product Potash Segment Trio ® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 60,565 $ — $ 2,040 $ (1,319) $ 61,286 Trio ® — 36,913 — — 36,913 Water 797 1,879 8,375 — 11,051 Salt 5,369 453 — — 5,822 Magnesium Chloride 1,946 — — — 1,946 Brine Water 1,200 — — — 1,200 Other — — 1,848 — 1,848 Total Revenue $ 69,877 $ 39,245 $ 12,263 $ (1,319) $ 120,066

COMPENSATION PLANS

COMPENSATION PLANS	3 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
COMPENSATION PLANS	COMPENSATION PLANS Equity Incentive Compensation Plan —Our Board of Directors and stockholders adopted a long-term incentive compensation plan called the Intrepid Potash, Inc. Amended and Restated Equity Incentive Plan (the "Plan"). The Plan was most recently amended and restated in May 2019. We have issued common stock, restricted stock, performance units, and non-qualified stock option awards under the Plan. At June 30, 2020, approximately 7.6 million shares remained available for issuance under the Plan. As of June 30, 2020, the following awards were outstanding under the Plan (in thousands): Outstanding as of Restricted Shares 2,891 Non-qualified Stock Options 3,111 Total share-based compensation expense was $1.0 million and $1.2 million for the three months ended June 30, 2020, and 2019, respectively, and $2.0 million and $2.3 million for the six months ended June 30, 2020, and 2019, respectively. As of June 30, 2020, we had $4.6 million of total remaining unrecognized compensation expense related to awards, that is expected to be recognized over a weighted-average period of 1.5 years.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Our anticipated annual tax rate is impacted primarily by the amount of taxable income associated with each jurisdiction in which our income is subject to income tax, permanent differences between the financial statement carrying amounts and tax bases of assets and liabilities. During the three months ended June 30, 2020, and 2019, we incurred no income tax expense. During the six months ended June 30, 2020, we incurred an immaterial amount of income tax benefit and during the six months ended June 30, 2019, we incurred no income tax expense. Our effective tax rate for the three months ended June 30, 2020, and 2019, and the six months ended June 30, 2020, and 2019 was 0%. Our effective tax rates differed from the statutory rate during each period primarily due to changes in the valuation allowance established to offset our deferred tax assets.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Reclamation Deposits and Surety Bonds —As of June 30, 2020, and December 31, 2019, we had $22.3 million of security placed principally with the State of Utah and the Bureau of Land Management for eventual reclamation of our various facilities. Of this total requirement, $0.5 million consisted of long-term restricted cash deposits reflected in "Other assets, net" on the condensed consolidated balance sheets and $21.8 million was secured by surety bonds issued by an insurer. The surety bonds are held in place by an annual fee paid to the issuer and a letter of credit. We may be required to post additional security to fund future reclamation obligations as reclamation plans are updated or as governmental entities change requirements. Legal —In March 2020, we entered into a definitive settlement agreement with Mosaic Potash Carlsbad Inc. ("Mosaic") related to a complaint originally brought against us and Steve Gamble in February 2015. Mr. Gamble is a former employee of Intrepid and Mosaic. Under the terms of the settlement agreement, we paid Mosaic an aggregate of $10 million in May 2020 to dismiss all current and future claims arising from this matter against us and the matter is now closed. In February 2019, Pecos Valley Artesian Conservancy District, Carlsbad Irrigation District, and Otis Mutual Domestic Water Consumers & Sewage Works Association (together, the "Protestants") filed an expedited inter se proceeding against us, Henry McDonald, Select Energy Services, LLC d/b/a Gregory Rockhouse Ranch, and Vision Resources, Inc. in the Fifth Judicial District Court for the County of Chaves in the State of New Mexico. This court serves as the adjudication court for the Pecos Stream System, which includes the Pecos River. The Protestants challenged the validity of our Pecos River water rights, representing approximately 20,000 acre feet per year. In August 2019, the parties stipulated to the jurisdiction of the adjudication court. To promote settlement, the adjudication court established a settlement schedule and ordered a trial date in August 2020 if the parties have not reached a settlement by that time. The trial date has since been rescheduled to December 2020, subject to the continued motions of the protestants. We were allowed to sell water associated with 5,700 acre feet per year of these water rights under preliminary authorizations issued in 2017 and 2018 by the New Mexico Office of the State Engineer ("OSE"). The preliminary authorizations allowed for water sales to begin immediately, subject to repayment, which can be made "in-kind" with water from our other water rights, if the Pecos River water rights are ultimately found to be invalid. In December 2019, the protestants filed a Petition for Writ of Mandamus against the OSE concerning these permits, despite its agreed stipulation to jurisdiction of the adjudication court, also asking for unspecified monetary and injunctive relief, as well as attorneys' fees and costs, relating to our sale of water under these water rights and breach of contract claims. A hearing regarding this Petition was held in March 2020, and the non-adjudication court granted the Writ against the New Mexico State Engineer challenging the State Engineer's right to grant preliminary authorizations under the New Mexico Water-Use Leasing Act. The non-adjudication court also denied our right to participate as a potentially harmed party. The non-adjudication court’s challenged ruling requires the OSE to withdraw and cancel certain preliminary authorizations the OSE had issued to us. This challenged ruling by the non-adjudication court does not impact the validity of our water rights, but limits our and our lessees ability to use water under certain leases, subject to challenge. The OSE has filed a Petition for Writ of Superintending Control with the New Mexico Supreme Court seeking to reverse the decision by the non-adjudication court and stay any actions taken as a result of the Writ of Mandamus. We have filed a Petition for Writ of Superintending Control in the New Mexico Supreme Court seeking a reversal of the denial of Intrepid’s request to intervene and seeking to stay enforcement while the matter is being decided. While the New Mexico Supreme Court has not yet ruled on either of these motions, the OSE has withdrawn and cancelled certain preliminary authorizations the OSE had issued to us. On July 21, 2020, the OSE filed its State of New Mexico Response to CID/Otis's Motion for Summary Judgment, indicating our rights at up to 6,000 acre feet. We are also subject to other claims and legal actions in the ordinary course of business. Legal costs are expensed as incurred. While there are uncertainties in predicting the outcome of any claim or legal action, we believe that the ultimate resolution of these other claims or actions is not reasonably likely to have a material adverse effect on our financial condition, results of operations, or cash flows.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE We measure our financial assets and liabilities in accordance with ASC Topic 820, Fair Value Measurements and Disclosures. As of June 30, 2020, and December 31, 2019, our cash consisted of bank deposits. Other financial assets and liabilities including accounts receivable, refundable income taxes, accounts payable, accrued liabilities, and advances on our credit facility are carried at cost which approximates fair value because of the short-term nature of these instruments. In May of 2020, we acquired a non-controlling interest in W.D. Von Gonten Laboratories ("WDVGL") for $3.5 million. This investment is an equity investment without a readily determinable fair value and is recorded at cost with adjustments for observable changes in prices resulting from orderly transactions for the identical or a similar investment of the same issuer or impairment (a Level 3 input), and is included in "Other assets, net" on the Condensed Consolidated Balance Sheets. We did not record any adjustments to the $3.5 million carrying value of the investment during the second quarter of 2020.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
BUSINESS SEGMENTS	BUSINESS SEGMENTS Our operations are organized into three segments: potash, Trio ® and oilfield solutions. The reportable segments are determined by management based on several factors including the types of products and services sold, production processes, markets served and the financial information available for our chief operating decision maker. We evaluate performance based on the gross margins of the respective business segments and do not allocate corporate selling and administrative expenses, among others, to the respective segments. Intersegment sales prices are market-based and are eliminated in the "Other" column. Information for each segment is provided in the tables that follow (in thousands). Three Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 24,526 $ 19,251 $ 2,747 $ (74) $ 46,450 Less: Freight costs 3,286 5,523 — (74) 8,735 Warehousing and handling 1,204 861 — — 2,065 Cost of goods sold 17,650 14,222 2,136 — 34,008 Lower of cost or net 371 1,870 — — 2,241 Gross Margin (Deficit) $ 2,015 $ (3,225) $ 611 $ — $ (599) Depreciation, depletion, and amortization incurred 1 $ 5,742 $ 1,516 $ 657 $ 209 $ 8,124 Six Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 58,317 $ 41,832 $ 10,488 $ (203) $ 110,434 Less: Freight costs 8,727 12,071 — (203) 20,595 Warehousing and handling 2,500 2,469 — — 4,969 Cost of goods sold 40,370 31,652 5,033 — 77,055 Lower of cost or net 371 2,420 — — 2,791 Gross Margin (Deficit) $ 6,349 $ (6,780) $ 5,455 $ — $ 5,024 Depreciation, depletion, and amortization incurred 1 $ 13,054 $ 3,025 $ 1,289 $ 422 $ 17,790 Three Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 35,547 $ 21,435 $ 5,641 $ (111) $ 62,512 Less: Freight costs 4,742 6,471 80 — 11,293 Warehousing and handling 1,319 911 — — 2,230 Cost of goods sold 21,258 12,599 2,072 (111) 35,818 Gross Margin $ 8,228 $ 1,454 $ 3,489 $ — $ 13,171 Depreciation, depletion, and amortization incurred 1 $ 6,120 $ 1,520 $ 232 $ 201 $ 8,073 Six Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 69,877 $ 39,245 $ 12,263 $ (1,319) $ 120,066 Less: Freight costs 9,382 11,506 861 — 21,749 Warehousing and handling 2,586 1,880 — — 4,466 Cost of goods sold 40,317 23,673 4,841 (1,319) 67,512 Gross Margin $ 17,592 $ 2,186 $ 6,561 $ — $ 26,339 Depreciation, depletion and amortization incurred 1 $ 12,915 $ 3,078 $ 423 $ 403 $ 16,819 1 Depreciation, depletion, and amortization incurred for potash and Trio ® excludes depreciation, depletion and amortization amounts absorbed in or relieved from inventory.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Financial Statement Presentation	Our unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted pursuant to those rules and regulations. In the opinion of management, all adjustments, consisting of normal recurring accruals considered necessary for a fair presentation of interim financial information, have been included. These unaudited condensed consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2019. We have updated our accounting policies for estimating credit losses as a result of adopting Accounting Standards Update ("ASU") No. 2016-13, Financial Instruments - (Topic 326): Measurement of Credit Losses on Financial Instruments
Recently Adopted Accounting Standards	In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - (Topic 326): Measurement of Credit Losses on Financial Instruments , which we adopted on January 1, 2020. ASU No. 2016-13 changes the way entities recognize impairment of many financial assets by requiring immediate recognition of estimated credit losses expected to occur over their remaining life and required a cumulative-effect adjustment to the statement of financial position on January 1, 2020. The effect of the adoption of this standard was immaterial on our condensed consolidated financial statements.
Reclassification of Prior Period Presentation	Certain prior period amounts have been reclassified in order to conform to the current period presentation. These reclassifications had no effect on the reported results of operations.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted Loss or Earnings Per Share	Basic earnings per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period. For purposes of determining diluted earnings per share, basic weighted-average common shares outstanding is adjusted to include potentially dilutive securities, including restricted stock, stock options, and performance units. The treasury-stock method is used to measure the dilutive impact of potentially dilutive shares. Potentially dilutive shares are excluded from the diluted weighted-average shares outstanding computation in periods in which they have an anti-dilutive effect. The following table shows the calculation of basic and diluted earnings per share (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net (loss) income $ (8,872) $ 5,611 $ (16,269) $ 11,766 Basic weighted-average common shares outstanding 129,786 128,896 129,679 128,813 Add: Dilutive effect of restricted stock — 1,305 — 1,340 Add: Dilutive effect of stock options — 842 — 832 Add: Dilutive effect of performance units — — — — Diluted weighted-average common shares outstanding 129,786 131,043 129,679 130,985 Basic $ (0.07) $ 0.04 $ (0.13) $ 0.09 Diluted $ (0.07) $ 0.04 $ (0.13) $ 0.09
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table shows the shares that have an anti-dilutive effect and are excluded from the diluted weighted-average shares outstanding computations (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Anti-dilutive effect of restricted stock 1,927 831 1,837 359 Anti-dilutive effect of stock options outstanding 3,111 1,633 3,116 1,667

CASH, CASH EQUIVALENTS AND RE_2

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)	6 Months Ended
	Jun. 30, 2020
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents And Restricted Cash	Total cash, cash equivalents and restricted cash, as shown on the condensed consolidated statements of cash flows are included in the following accounts at June 30, 2020, and 2019 (in thousands): June 30, 2020 June 30, 2019 Cash and cash equivalents $ 34,552 $ 15,508 Restricted cash included in other current assets 150 150 Restricted cash included in other long-term assets 516 485 Total cash, cash equivalents, and restricted cash as shown in the statement of cash flows $ 35,218 $ 16,143

INVENTORY AND LONG-TERM PARTS I

INVENTORY AND LONG-TERM PARTS INVENTORY (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Summary of Inventory	The following summarizes our inventory, recorded at the lower of weighted-average cost or estimated net realizable value, as of June 30, 2020, and December 31, 2019 (in thousands): June 30, 2020 December 31, 2019 Finished goods product inventory $ 36,627 $ 55,585 In-process mineral inventory 32,570 25,591 Total product inventory 69,197 81,176 Current parts inventory, net 11,844 13,044 Total current inventory, net 81,041 94,220 Long-term parts inventory, net 28,603 27,569 Total inventory, net $ 109,644 $ 121,789

PROPERTY, PLANT, EQUIPMENT, A_2

PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant, Equipment, and Mineral Properties	Property, plant, equipment, and mineral properties were comprised of the following (in thousands): June 30, 2020 December 31, 2019 Land $ 27,263 $ 27,274 Ponds and land improvements 66,298 65,992 Mineral properties and development costs 143,955 143,988 Buildings and plant 81,636 81,468 Machinery and equipment 261,924 253,536 Vehicles 5,958 6,222 Office equipment and improvements 9,739 9,136 Operating lease ROU assets 8,177 8,123 Construction in progress 3,864 7,124 Total property, plant, equipment, and mineral properties, gross $ 608,814 $ 602,863 Less: accumulated depreciation, depletion, and amortization (240,806) (224,354) Total property, plant, equipment, and mineral properties, net $ 368,008 $ 378,509
Schedule of Depreciation, Depletion and Accretion	We incurred the following expenses for depreciation, depletion, and amortization, including expenses capitalized into inventory, for the following periods (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Depreciation $ 7,363 $ 6,896 $ 14,654 $ 13,752 Depletion 136 691 1,888 2,108 Amortization of right of use assets 544 486 1,087 959 Total incurred $ 8,043 $ 8,073 $ 17,629 $ 16,819

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long Term Debt	Our outstanding long-term debt, net, as of June 30, 2020, and December 31, 2019, was as follows (in thousands): June 30, 2020 December 31, 2019 Notes and Payroll Protection Loan $ 40,000 $ 50,000 Less current portion of long-term debt (24,872) (20,000) Less deferred financing costs (219) (247) Long-term debt, net $ 14,909 $ 29,753
Schedule Of Interest Expense	Amounts included in interest expense, net for the three and six months ended June 30, 2020, and 2019, were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Interest on debt borrowings $ 584 $ 766 $ 1,363 $ 1,339 Amortization of deferred financing costs 75 68 161 137 Gross interest expense 659 834 1,524 1,476 Less capitalized interest (24) (28) (97) (67) Interest expense, net $ 635 $ 806 $ 1,427 $ 1,409

ASSET RETIREMENT OBLIGATION (Ta

ASSET RETIREMENT OBLIGATION (Tables)	6 Months Ended
	Jun. 30, 2020
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Changes to Asset Retirement Obligation	Following is a table of the changes to our asset retirement obligation for the following periods (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Asset retirement obligation, at beginning of period $ 22,685 $ 23,542 $ 22,250 $ 23,125 Liabilities settled (116) — (116) — Liabilities incurred — — — — Accretion of discount 434 417 869 834 Total asset retirement obligation, at end of period $ 23,003 $ 23,959 $ 23,003 $ 23,959

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Contract Balances	The timing of revenue recognition, billings, and cash collection may result in contract assets or contract liabilities. For certain contracts, the customer has agreed to pay us before we have satisfied our performance obligations. Customer payments received before we have satisfied our performance obligations are accounted for as a contract liability. As of June 30, 2020 and 2019, the majority our contract liability relates to payments received from a customer for water purchases for which we have not yet delivered the water. Our contract liability activity for the three and six months ended June 30, 2020, and 2019 is shown below (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Beginning balance $ 17,086 $ 8,517 $ 16,612 $ 11,678 Additions 5,736 3,528 9,646 3,528 Recognized as revenue during period (132) (1,402) (3,568) (4,563) Ending balance $ 22,690 $ 10,643 $ 22,690 $ 10,643
Disaggregation of Revenue	The tables below show the disaggregation of revenue by product and reconciles disaggregated revenue to segment revenue for the three and six months ended June 30, 2020, and 2019. We believe the disaggregation of revenue by products best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic conditions (in thousands): Three Months Ended June 30, 2020 Product Potash Segment Trio ® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 21,549 $ — $ — $ (74) $ 21,475 Trio ® — 18,832 — — 18,832 Water 112 404 2,029 — 2,545 Salt 1,701 15 — — 1,716 Magnesium Chloride 952 — — — 952 Brine Water 212 — 161 — 373 Other — — 557 — 557 Total Revenue $ 24,526 $ 19,251 $ 2,747 $ (74) $ 46,450 Six Months Ended June 30, 2020 Product Potash Segment Trio® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 51,367 $ — $ — $ (203) $ 51,164 Trio ® — 40,033 — — 40,033 Water 695 1,651 8,690 — 11,036 Salt 3,797 148 — — 3,945 Magnesium Chloride 1,711 — — — 1,711 Brine Water 747 — 192 — 939 Other — — 1,606 — 1,606 Total Revenue $ 58,317 $ 41,832 $ 10,488 $ (203) $ 110,434 Three Months Ended June 30, 2019 Product Potash Segment Trio ® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 32,020 $ — $ 218 $ (111) $ 32,127 Trio ® — 20,362 — — 20,362 Water 457 938 4,270 — 5,665 Salt 2,368 135 — — 2,503 Magnesium Chloride 206 — — — 206 Brine Water 496 — — — 496 Other — — 1,153 — 1,153 Total Revenue $ 35,547 $ 21,435 $ 5,641 $ (111) $ 62,512 Six Months Ended June 30, 2019 Product Potash Segment Trio ® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 60,565 $ — $ 2,040 $ (1,319) $ 61,286 Trio ® — 36,913 — — 36,913 Water 797 1,879 8,375 — 11,051 Salt 5,369 453 — — 5,822 Magnesium Chloride 1,946 — — — 1,946 Brine Water 1,200 — — — 1,200 Other — — 1,848 — 1,848 Total Revenue $ 69,877 $ 39,245 $ 12,263 $ (1,319) $ 120,066

COMPENSATION PLANS (Tables)

COMPENSATION PLANS (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Outstanding Share Based Awards	As of June 30, 2020, the following awards were outstanding under the Plan (in thousands): Outstanding as of Restricted Shares 2,891 Non-qualified Stock Options 3,111

BUSINES SEGMENTS (Tables)

BUSINES SEGMENTS (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Three Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 24,526 $ 19,251 $ 2,747 $ (74) $ 46,450 Less: Freight costs 3,286 5,523 — (74) 8,735 Warehousing and handling 1,204 861 — — 2,065 Cost of goods sold 17,650 14,222 2,136 — 34,008 Lower of cost or net 371 1,870 — — 2,241 Gross Margin (Deficit) $ 2,015 $ (3,225) $ 611 $ — $ (599) Depreciation, depletion, and amortization incurred 1 $ 5,742 $ 1,516 $ 657 $ 209 $ 8,124 Six Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 58,317 $ 41,832 $ 10,488 $ (203) $ 110,434 Less: Freight costs 8,727 12,071 — (203) 20,595 Warehousing and handling 2,500 2,469 — — 4,969 Cost of goods sold 40,370 31,652 5,033 — 77,055 Lower of cost or net 371 2,420 — — 2,791 Gross Margin (Deficit) $ 6,349 $ (6,780) $ 5,455 $ — $ 5,024 Depreciation, depletion, and amortization incurred 1 $ 13,054 $ 3,025 $ 1,289 $ 422 $ 17,790 Three Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 35,547 $ 21,435 $ 5,641 $ (111) $ 62,512 Less: Freight costs 4,742 6,471 80 — 11,293 Warehousing and handling 1,319 911 — — 2,230 Cost of goods sold 21,258 12,599 2,072 (111) 35,818 Gross Margin $ 8,228 $ 1,454 $ 3,489 $ — $ 13,171 Depreciation, depletion, and amortization incurred 1 $ 6,120 $ 1,520 $ 232 $ 201 $ 8,073 Six Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 69,877 $ 39,245 $ 12,263 $ (1,319) $ 120,066 Less: Freight costs 9,382 11,506 861 — 21,749 Warehousing and handling 2,586 1,880 — — 4,466 Cost of goods sold 40,317 23,673 4,841 (1,319) 67,512 Gross Margin $ 17,592 $ 2,186 $ 6,561 $ — $ 26,339 Depreciation, depletion and amortization incurred 1 $ 12,915 $ 3,078 $ 423 $ 403 $ 16,819 1 Depreciation, depletion, and amortization incurred for potash and Trio ® excludes depreciation, depletion and amortization amounts absorbed in or relieved from inventory.

COMPANY BACKGROUND (Narrative)

COMPANY BACKGROUND (Narrative) (Details)	6 Months Ended
	Jun. 30, 2020segmentFacility
Number of mining facilities | Facility	3
Number of reportable segments | segment	3

EARNINGS PER SHARE (Schedule of

EARNINGS PER SHARE (Schedule of Calculation of Basic and Diluted Loss or Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net (loss) Income	$ (8,872)	$ 5,611	$ (16,269)	$ 11,766
Basic weighted average common shares outstanding (in shares)	129,786	128,896	129,679	128,813
Add: Dilutive effect of restricted stock (in shares)	0	1,305	0	1,340
Add: Dilutive effect of stock options (in shares)	0	842	0	832
Add: Dilutive effect of performance units	0	0	0	0
Diluted weighted average common shares outstanding (in shares)	129,786	131,043	129,679	130,985
Basic (in dollars per share)	$ (0.07)	$ 0.04	$ (0.13)	$ 0.09
Diluted (in dollars per share)	$ (0.07)	$ 0.04	$ (0.13)	$ 0.09

EARNINGS PER SHARE (Schedule _2

EARNINGS PER SHARE (Schedule of Anti-Dilutive Shares) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restricted Shares [Member]
Anti-dilutive weighted average non-vested shares
Anti-dilutive shares (in shares)	1,927	831	1,837	359
Stock Options [Member]
Anti-dilutive weighted average non-vested shares
Anti-dilutive shares (in shares)	3,111	1,633	3,116	1,667

CASH, CASH EQUIVALENTS AND RE_3

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 34,552	$ 20,603	$ 15,508
Restricted cash included in other current assets	150		150
Restricted cash included in other long-term assets	516		485
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$ 35,218	$ 21,239	$ 16,143	$ 33,704

INVENTORY AND LONG-TERM PARTS_2

INVENTORY AND LONG-TERM PARTS INVENTORY (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Inventory Disclosure [Abstract]
Inventory valuation reserves	$ 1,100		$ 1,100		$ 600
Lower of cost or net realizable value inventory adjustments	$ 2,241	$ 0	$ 2,791	$ 0

INVENTORY AND LONG-TERM PARTS_3

INVENTORY AND LONG-TERM PARTS INVENTORY (Summary of Inventory) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory [Line Items]
Finished goods product inventory	$ 36,627	$ 55,585
In-process mineral inventory	32,570	25,591
Total product inventory	69,197	81,176
Current parts inventory, net	11,844	13,044
Total current inventory, net	81,041	94,220
Long-term parts inventory, net	28,603	27,569
Total inventory, net	$ 109,644	$ 121,789

PROPERTY, PLANT, EQUIPMENT, A_3

PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES (Narrative) (Details) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2020USD ($)a	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Property, Plant and Equipment [Line Items]
Number of acre, land sold | a	320
Proceeds from sale of assets	$ 4,800			$ 4,786	$ 68
Gain on sale of assets	$ 4,700	$ (234)	$ (20)	$ 4,462	$ (39)

PROPERTY, PLANT, EQUIPMENT, A_4

PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES (Schedule of Property, Plant, Equipment, and Mineral Properties) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	$ 608,814	$ 602,863
Less: accumulated depreciation, depletion, and amortization	(240,806)	(224,354)
Total property, plant, equipment and mineral properties, net	368,008	378,509
Land [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	27,263	27,274
Ponds and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	66,298	65,992
Mineral Properties And Development Costs [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	143,955	143,988
Buildings and Plant [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	81,636	81,468
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	261,924	253,536
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	5,958	6,222
Office Equipment and Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	9,739	9,136
Operating Lease ROU Assets [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	8,177	8,123
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	$ 3,864	$ 7,124

PROPERTY, PLANT, EQUIPMENT, A_5

PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES (Schedule of Depreciation, Depletion, and Accretion) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Depreciation	$ 7,363	$ 6,896	$ 14,654	$ 13,752
Depletion	136	691	1,888	2,108
Amortization of right of use assets	544	486	1,087	959
Total incurred	$ 8,043	$ 8,073	$ 17,629	$ 16,819

DEBT (Details)

DEBT (Details) $ in Thousands	Jul. 17, 2020USD ($)	Apr. 16, 2020USD ($)	Apr. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Aug. 01, 2019USD ($)	Jul. 31, 2019USD ($)
Debt
Repayments of long-term debt						$ 20,000	$ 0
Interest expense				$ 659	$ 834	1,524	1,476
Proceeds from credit facility						10,000	30,000
Repayments of credit facility						0	10,000
Senior Notes [Member]
Debt
Senior Notes				30,000		$ 30,000
Minimum fixed charge ratio						1.3
Fixed charge coverage ratio						3.5
Maximum leverage ratio						3.5
Leverage ratio						2
Cares act paycheck protection program notes amendment			$ 10,000
Bank Of Montreal [Member]
Debt
Credit facility, maximum borrowing capacity								$ 75,000	$ 50,000
Line of credit, accordion feature								$ 75,000
Proceeds from credit facility						$ 10,000
Repayments of credit facility							10,000
Line of credit, outstanding				29,800		29,800
Letters of credit outstanding, amount				1,000		1,000
Line of credit facility, current borrowing capacity				$ 44,200	$ 30,000	$ 44,200	$ 30,000
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Bank Of Montreal [Member]
Debt
Credit facility interest						2.00%
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Bank Of Montreal [Member]
Debt
Credit facility interest						1.25%
Series A Senior Notes [Member]
Debt
Repayments of long-term debt		$ 20,000
Series A Senior Notes [Member] | Senior Notes [Member]
Debt
Interest Rate				3.73%		3.73%
Series B Senior Notes [Member] | Senior Notes [Member]
Debt
Senior Notes				$ 15,000		$ 15,000
Interest Rate				4.63%		4.63%
Series C Senior Notes [Member] | Senior Notes [Member]
Debt
Senior Notes				$ 15,000		$ 15,000
Interest Rate				4.78%		4.78%
Paycheck Protection Program Loan [Member]
Debt
Interest Rate			1.00%
Proceeds from loan			$ 10,000
Scenario, Plan, Beginning November 2020 [Member]18 | Paycheck Protection Program Loan [Member]
Debt
Monthly required principal and interest						$ 600
Subsequent Event [Member] | Series C Senior Notes [Member]
Debt
Repayments of long-term debt	$ 15,000
Make-whole payment	$ 1,900

DEBT SCHEDULE OF LONG TERM DEBT

DEBT SCHEDULE OF LONG TERM DEBT (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt
Less current portion of long-term debt	$ (24,872)	$ (20,000)
Senior Notes [Member]
Debt
Long-term debt	30,000
Less current portion of long-term debt	(24,872)	(20,000)
Less deferred financing costs	(219)	(247)
Long-term debt, net	14,909	29,753
Notes and Payroll Protection Loan [Member]
Debt
Long-term debt	$ 40,000	$ 50,000

DEBT SCHEDULE OF INTEREST EXPEN

DEBT SCHEDULE OF INTEREST EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Debt Disclosure [Abstract]
Interest on debt borrowings	$ 584	$ 766	$ 1,363	$ 1,339
Amortization of deferred financing costs	75	68	161	137
Gross interest expense	659	834	1,524	1,476
Less capitalized interest	(24)	(28)	(97)	(67)
Interest expense, net	$ 635	$ 806	$ 1,427	$ 1,409

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Indefinite-lived Intangible Assets [Line Items]
Intangible assets, water rights	$ 19,184	$ 19,184
Finite-lived intangible assets, weighted average amortization period	20 years
Finite-lived intangible assets, net	$ 6,000	$ 6,200

FINANCIAL INFORMATION FOR SUB_2

FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS OF POSSIBLE FUTURE PUBLIC DEBT (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Guarantees [Abstract]
Cash	$ 34.6	$ 20.6

ASSET RETIREMENT OBLIGATION (Na

ASSET RETIREMENT OBLIGATION (Narrative) (Details) - Measurement Input, Risk Free Interest Rate [Member]	Jun. 30, 2020
Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Credit Adjusted Risk-Free Rates to Discount Abandonment Liabilities	0.069
Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Credit Adjusted Risk-Free Rates to Discount Abandonment Liabilities	0.097

ASSET RETIREMENT OBLIGATION (Sc

ASSET RETIREMENT OBLIGATION (Schedule of Changes to Asset Retirement Obligation) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligation, at beginning of period	$ 22,685	$ 23,542	$ 22,250	$ 23,125
Liabilities settled	(116)	0	(116)	0
Liabilities incurred	0	0	0	0
Accretion of discount	434	417	869	834
Total asset retirement obligation, at end of period	$ 23,003	$ 23,959	$ 23,003	$ 23,959

REVENUE (Contract Balances) (De

REVENUE (Contract Balances) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Beginning balance	$ 17,086	$ 8,517	$ 16,612	$ 11,678
Additions	5,736	3,528	9,646	3,528
Recognized as revenue during period	(132)	(1,402)	(3,568)	(4,563)
Ending balance	$ 22,690	$ 10,643	$ 22,690	$ 10,643

REVENUE (Disaggregation of Reve

REVENUE (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Potash [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	$ 21,475	$ 32,127	$ 51,164	$ 61,286
Trio [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	18,832	20,362	40,033	36,913
Fresh Water [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	2,545	5,665	11,036	11,051
Salt [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	1,716	2,503	3,945	5,822
Magnesium Chloride [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	952	206	1,711	1,946
Brine Water [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	373	496	939	1,200
Other [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	557	1,153	1,606	1,848
Mineral [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	46,450	62,512	110,434	120,066
Potash [Member] | Potash [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	21,549	32,020	51,367	60,565
Potash [Member] | Trio [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Potash [Member] | Fresh Water [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	112	457	695	797
Potash [Member] | Salt [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	1,701	2,368	3,797	5,369
Potash [Member] | Magnesium Chloride [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	952	206	1,711	1,946
Potash [Member] | Brine Water [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	212	496	747	1,200
Potash [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Potash [Member] | Mineral [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	24,526	35,547	58,317	69,877
Trio [Member] | Potash [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Trio [Member] | Trio [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	18,832	20,362	40,033	36,913
Trio [Member] | Fresh Water [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	404	938	1,651	1,879
Trio [Member] | Salt [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	15	135	148	453
Trio [Member] | Magnesium Chloride [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Trio [Member] | Brine Water [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Trio [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Trio [Member] | Mineral [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	19,251	21,435	41,832	39,245
Oil Field Solutions [Member] | Potash [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	218	0	2,040
Oil Field Solutions [Member] | Trio [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Oil Field Solutions [Member] | Fresh Water [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	2,029	4,270	8,690	8,375
Oil Field Solutions [Member] | Salt [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Oil Field Solutions [Member] | Magnesium Chloride [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Oil Field Solutions [Member] | Brine Water [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	161	0	192	0
Oil Field Solutions [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	557	1,153	1,606	1,848
Oil Field Solutions [Member] | Mineral [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	2,747	5,641	10,488	12,263
Intersegment Eliminations [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	(74)	(111)	(203)	(1,319)
Intersegment Eliminations [Member] | Potash [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	(74)	(111)	(203)	(1,319)
Intersegment Eliminations [Member] | Trio [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Intersegment Eliminations [Member] | Fresh Water [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Intersegment Eliminations [Member] | Salt [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Intersegment Eliminations [Member] | Magnesium Chloride [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Intersegment Eliminations [Member] | Brine Water [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	0	0	0	0
Intersegment Eliminations [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	$ 0	$ 0	$ 0	$ 0

COMPENSATION PLANS (Narrative)

COMPENSATION PLANS (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Equity Incentive Compensation Plan [Abstract]
Shares available for issuance	7.6		7.6
Non Qualified Stock Options [Abstract]
Weighted average period, unrecognized compensation expense			1 year 6 months
Compensation expense	$ 1	$ 1.2	$ 2	$ 2.3
Unrecognized compensation expense	$ 4.6		$ 4.6

COMPENSATION PLANS (Schedule of

COMPENSATION PLANS (Schedule of Outstanding Share Based Awards) (Details)	Jun. 30, 2020shares
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding, restricted stock	2,891,000
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding, options	3,111,000

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
Income Tax Expense	$ 0	$ 0	$ (42)	$ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) $ in Thousands	Jul. 21, 2020acre ft	May 31, 2020USD ($)	Feb. 28, 2019acre ft	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)acre ft	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Security placed with the State of Utah and BLM				$ 22,300		$ 22,300		$ 22,300
Long-term restricted cash deposits				500		500		500
Surety bonds issued by an insurer				21,800		21,800		$ 21,800
Loss Contingencies [Line Items]
Litigation settlement		$ 10,000		$ 0	$ 0	$ 10,075	$ 0
The Protestants [Member]
Loss Contingencies [Line Items]
Pecos Water Right volume per year | acre ft			20,000
Allowable water rights to sell pending settlement | acre ft						5,700
The Protestants [Member] | Subsequent Event [Member]
Loss Contingencies [Line Items]
Allowable water rights to sell pending settlement | acre ft	6,000

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Senior notes, fair value	$ 29.5	$ 50
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-controlling interest	$ 3.5

BUSINESS SEGMENTS (Narrative) (

BUSINESS SEGMENTS (Narrative) (Details)	6 Months Ended
	Jun. 30, 2020segment
Segment Reporting [Abstract]
Number of reportable segments	3

BUSINESS SEGMENT (Information b

BUSINESS SEGMENT (Information by Segment) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Lower of cost or net realizable value inventory adjustments		$ 2,241	$ 0	$ 2,791	$ 0
Gross Margin (Deficit)		(599)	13,171	5,024	26,339
Depreciation, depletion and amortization expense	[1]	8,124	8,073	17,790	16,819
Operating Segments [Member] | Potash [Member]
Segment Reporting Information [Line Items]
Lower of cost or net realizable value inventory adjustments		371		371
Gross Margin (Deficit)		2,015	8,228	6,349	17,592
Depreciation, depletion and amortization expense	[1]	5,742	6,120	13,054	12,915
Operating Segments [Member] | Trio [Member]
Segment Reporting Information [Line Items]
Lower of cost or net realizable value inventory adjustments		1,870		2,420
Gross Margin (Deficit)		(3,225)	1,454	(6,780)	2,186
Depreciation, depletion and amortization expense	[1]	1,516	1,520	3,025	3,078
Operating Segments [Member] | Oil Field Solutions [Member]
Segment Reporting Information [Line Items]
Gross Margin (Deficit)		611	3,489	5,455	6,561
Depreciation, depletion and amortization expense	[1]	657	232	1,289	423
Corporate/Other [Member]
Segment Reporting Information [Line Items]
Gross Margin (Deficit)		0	0	0	0
Depreciation, depletion and amortization expense	[1]	209	201	422	403
Freight Costs [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		8,735	11,293	20,595	21,749
Freight Costs [Member] | Operating Segments [Member] | Potash [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		3,286	4,742	8,727	9,382
Freight Costs [Member] | Operating Segments [Member] | Trio [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		5,523	6,471	12,071	11,506
Freight Costs [Member] | Operating Segments [Member] | Oil Field Solutions [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		0	80	0	861
Freight Costs [Member] | Corporate/Other [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		(74)		(203)
Warehouse and Handling [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		2,065	2,230	4,969	4,466
Warehouse and Handling [Member] | Operating Segments [Member] | Potash [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		1,204	1,319	2,500	2,586
Warehouse and Handling [Member] | Operating Segments [Member] | Trio [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		861	911	2,469	1,880
Warehouse and Handling [Member] | Operating Segments [Member] | Oil Field Solutions [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		0	0	0	0
Warehouse and Handling [Member] | Corporate/Other [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		0	0	0	0
Mineral [Member]
Segment Reporting Information [Line Items]
Sales		46,450	62,512	110,434	120,066
Cost of Goods Sold		34,008	35,818	77,055	67,512
Mineral [Member] | Potash [Member]
Segment Reporting Information [Line Items]
Sales		24,526	35,547	58,317	69,877
Mineral [Member] | Trio [Member]
Segment Reporting Information [Line Items]
Sales		19,251	21,435	41,832	39,245
Mineral [Member] | Oil Field Solutions [Member]
Segment Reporting Information [Line Items]
Sales		2,747	5,641	10,488	12,263
Mineral [Member] | Operating Segments [Member] | Potash [Member]
Segment Reporting Information [Line Items]
Sales		24,526	35,547	58,317	69,877
Cost of Goods Sold		17,650	21,258	40,370	40,317
Mineral [Member] | Operating Segments [Member] | Trio [Member]
Segment Reporting Information [Line Items]
Sales		19,251	21,435	41,832	39,245
Cost of Goods Sold		14,222	12,599	31,652	23,673
Mineral [Member] | Operating Segments [Member] | Oil Field Solutions [Member]
Segment Reporting Information [Line Items]
Sales		2,747	5,641	10,488	12,263
Cost of Goods Sold		2,136	2,072	5,033	4,841
Lower of cost or net realizable value inventory adjustments				0
Mineral [Member] | Corporate/Other [Member]
Segment Reporting Information [Line Items]
Sales		(74)	(111)	(203)	(1,319)
Cost of Goods Sold		$ 0	$ (111)	$ 0	$ (1,319)
[1]	Depreciation, depletion, and amortization incurred for potash and Trio ® excludes depreciation, depletion and amortization amounts absorbed in or relieved from inventory.