Intrepid Potash (IPI) 10-Q 6 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Jul. 31, 2024
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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	707 17th Street, Suite 4200
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		13,281,455
Entity Central Index Key	0001421461
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 51,663	$ 4,071
Short-term investments	2,464	2,970
Accounts receivable:
Trade, net	21,617	22,077
Other receivables, net	1,679	1,470
Inventory, net	101,932	114,252
Prepaid expenses and other current assets	3,832	7,200
Total current assets	183,187	152,040
Property, plant and equipment, and mineral properties, net	354,294	358,249
Water rights	19,184	19,184
Long-term parts inventory, net	30,899	30,231
Long-term investments	5,090	6,627
Other assets, net	9,000	8,016
Non-current deferred tax asset, net	195,337	194,223
Total Assets	796,991	768,570
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	7,173	12,848
Accrued liabilities	11,310	14,061
Accrued employee compensation and benefits	6,856	7,254
Other current liabilities	8,100	12,401
Total current liabilities	33,439	46,564
Advances on credit facility	0	4,000
Asset retirement obligation, net of current portion	31,321	30,077
Operating lease liabilities	345	741
Finance lease liabilities	1,428	1,451
Deferred other income, long-term	46,617	0
Other non-current liabilities	1,593	1,309
Total Liabilities	114,743	84,142
Commitments and Contingencies
Common stock, $0.001 par value; 40,000,000 shares authorized; 12,908,078 and 12,807,316 shares outstanding at June 30,, 2024 and December 31, 2023, respectively	14	13
Additional paid-in capital	667,419	665,637
Retained earnings	36,827	40,790
Less treasury stock, at cost	(22,012)	(22,012)
Total Stockholders' Equity	682,248	684,428
Total Liabilities and Stockholders' Equity	$ 796,991	$ 768,570

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares outstanding	12,908,078	12,807,316

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Less:
Lower of cost or net realizable value inventory adjustments	$ 1,352	$ 0	$ 1,855	$ 0
Gross Margin	7,624	15,382	14,058	31,734
Selling and administrative	7,937	7,948	16,294	16,806
Accretion of asset retirement obligation	622	535	1,244	1,070
Impairment of long-lived assets	831	0	2,208	0
Loss (gain) on sale of assets	241	(7)	492	193
Other operating income	(1,266)	(439)	(2,659)	(730)
Other operating expense	887	77	2,413	1,753
Operating (Loss) Income	(1,628)	7,268	(5,934)	12,642
Other Income
Equity in (loss) earnings of unconsolidated entities	(116)	(1,059)	33	(238)
Interest expense, net	0	0	0	0
Interest income	547	76	791	161
Other income	60	43	68	56
(Loss) Income Before Income Taxes	(1,137)	6,328	(5,042)	12,621
Income Tax Benefit (Expense)	304	(2,023)	1,079	(3,810)
Net (Loss) Income	$ (833)	$ 4,305	$ (3,963)	$ 8,811
Weighted Average Shares Outstanding:
Basic (in shares)	12,886	12,766	12,852	12,730
Diluted (in shares)	12,886	12,855	12,852	12,865
(Loss) Earnings Per Share:
Basic (in dollars per share)	$ (0.06)	$ 0.34	$ (0.31)	$ 0.69
Diluted (in dollars per share)	$ (0.06)	$ 0.33	$ (0.31)	$ 0.68
Freight Costs [Member]
Less:
Cost of Goods Sold	$ 9,423	$ 10,516	$ 22,253	$ 22,106
Warehouse and Handling [Member]
Less:
Cost of Goods Sold	2,586	2,801	5,675	5,534
Mineral [Member]
Sales	62,055	81,035	141,342	167,955
Less:
Cost of Goods Sold	$ 41,070	$ 52,336	$ 97,501	$ 108,581

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balance (in shares) at Dec. 31, 2022		12,687,822
Balance at Dec. 31, 2022	$ 715,078	$ 13	$ (22,012)	$ 660,614	$ 76,463
Net income (loss)	8,811				8,811
Stock-based compensation	3,549			3,549
Vesting of restricted common stock, net of common stock used to fund employee income tax withholding due upon vesting (in shares)		101,504
Vesting of restricted common stock, net of common stock used to fund employee income tax withholding due upon vesting	(1,337)			(1,337)
Balance (in shares) at Jun. 30, 2023		12,789,326
Balance at Jun. 30, 2023	726,101	$ 13	(22,012)	662,826	85,274
Balance (in shares) at Mar. 31, 2023		12,759,990
Balance at Mar. 31, 2023	720,293	$ 13	(22,012)	661,323	80,969
Net income (loss)	4,305				4,305
Stock-based compensation	1,803			1,803
Vesting of restricted common stock, net of common stock used to fund employee income tax withholding due upon vesting (in shares)		29,336
Vesting of restricted common stock, net of common stock used to fund employee income tax withholding due upon vesting	(300)			(300)
Balance (in shares) at Jun. 30, 2023		12,789,326
Balance at Jun. 30, 2023	726,101	$ 13	(22,012)	662,826	85,274
Balance (in shares) at Dec. 31, 2023		12,807,316
Balance at Dec. 31, 2023	684,428	$ 13	(22,012)	665,637	40,790
Net income (loss)	(3,963)				(3,963)
Stock-based compensation	2,557			2,557
Vesting of restricted common stock, net of common stock used to fund employee income tax withholding due upon vesting (in shares)		100,762
Vesting of restricted common stock, net of common stock used to fund employee income tax withholding due upon vesting	(774)	$ 1		(775)
Balance (in shares) at Jun. 30, 2024		12,908,078
Balance at Jun. 30, 2024	682,248	$ 14	(22,012)	667,419	36,827
Balance (in shares) at Mar. 31, 2024		12,875,520
Balance at Mar. 31, 2024	681,987	$ 13	(22,012)	666,326	37,660
Net income (loss)	(833)				(833)
Stock-based compensation	1,235			1,235
Vesting of restricted common stock, net of common stock used to fund employee income tax withholding due upon vesting (in shares)		32,558
Vesting of restricted common stock, net of common stock used to fund employee income tax withholding due upon vesting	(141)	$ 1		(142)
Balance (in shares) at Jun. 30, 2024		12,908,078
Balance at Jun. 30, 2024	$ 682,248	$ 14	$ (22,012)	$ 667,419	$ 36,827

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net (loss) income	$ (3,963)	$ 8,811
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, and amortization	17,898	18,183
Accretion of asset retirement obligation	1,244	1,070
Amortization of deferred financing costs	151	151
Amortization of Intangible Assets	164	161
Stock-based compensation	2,557	3,549
Lower of cost or net realizable value inventory adjustments	1,855	0
Impairment of long-lived assets	2,208	0
Loss on disposal of assets	492	193
Allowance for parts inventory obsolescence	472	0
Equity in (earnings) loss of unconsolidated entities	(33)	238
Distribution of earnings from unconsolidated entities	0	452
Changes in operating assets and liabilities:
Trade accounts receivable, net	459	2,917
Other receivables, net	(250)	(959)
Inventory, net	9,326	10,763
Prepaid expenses and other current assets	2,275	906
Deferred tax assets, net	(1,114)	3,676
Accounts payable, accrued liabilities, and accrued employee compensation and benefits	(6,892)	(8,132)
Operating lease liabilities	(740)	(809)
Deferred other income	43,872	0
Other liabilities	(703)	(2,222)
Net cash provided by operating activities	69,278	38,948
Cash Flows from Investing Activities:
Additions to property, plant, equipment, mineral properties, and other assets	(22,974)	(41,934)
Purchase of investments	0	(1,415)
Proceeds from sale of assets	4,651	89
Proceeds from redemptions/maturities of investments	1,500	4,000
Other investing, net	416	508
Net cash used in investing activities	(16,407)	(38,752)
Cash Flows from Financing Activities:
Proceeds from short-term borrowings on credit facility	0	5,000
Repayments of short-term borrowings on credit facility	(4,000)	(5,000)
Payments of financing lease	(500)	(210)
Employee tax withholding paid for restricted stock upon vesting	(775)	(1,337)
Net cash used in financing activities	(5,275)	(1,547)
Net Change in Cash, Cash Equivalents and Restricted Cash	47,596	(1,351)
Cash, Cash Equivalents, and Restricted Cash, beginning of period	4,651	19,084
Cash, Cash Equivalents, and Restricted Cash, end of period	52,247	17,733
Supplemental disclosure of cash flow information
Interest	286	173
Income taxes	5	265
Amounts included in the measurement of operating lease liabilities	792	904
Accrued purchases for property, plant, equipment, and mineral properties	2,645	7,257
Right-of-use assets exchanged for operating lease liabilities	0	48
Right-of-use assets exchanged for financing lease liabilities	$ 495	$ 2,571

COMPANY BACKGROUND

COMPANY BACKGROUND	6 Months Ended
	Jun. 30, 2024
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, salt, magnesium chloride, brine, and various oilfield products and services. Our extraction and production operations are conducted entirely in the continental U.S. 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 permitted, licensed, declared, and partially adjudicated water rights in New Mexico that support our mining and industrial operations. Water that is not used to support our mining and industrial operations is primarily sold to support oil and gas development in the Permian Basin in New Mexico near our Carlsbad facilities. We continue to work to expand our water business. See Note 15—Commitments and Contingencies below for further information regarding our water rights. We also operate certain land, water rights, grazing leases, and other related assets in southeast New Mexico. We refer to these assets and operations as "Intrepid South." Due to the strategic location of Intrepid South, part of our long-term operating strategy is selling small parcels of land, including restricted use agreements of surface or subsurface rights, to customers where such sales provide a solution to such customer's operations in the oil and gas industry. 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, 2024
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 ("SEC"). 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, 2023. Pronouncements Issued But Not Yet Adopted —In December 2023, the Financial Accounting Standards Board (the "FASB") issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" ("ASU 2023-09"). ASU 2023-09 requires that an entity disclose specific categories in the effective tax rate reconciliation as well as provide additional information for reconciling items that meet a quantitative threshold, certain disclosures of state versus federal income tax expenses and taxes paid. ASC 2023-09 is effective for fiscal years beginning after December 15, 2024. We are currently evaluating the guidance and expect it to only impact disclosures with no impact to results of operations, cash flows and financial condition. In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" ("ASU 2023-07"). This new guidance: (i) introduces a requirement to disclose significant segment expenses regularly provided to the chief operating decision maker ("CODM"), (ii) extends certain annual disclosures to interim periods, (iii) clarifies disclosure requirements for single reportable segment entities, (iv) permits more than one measure of segment profit or loss to be reported under certain conditions, and (v) requires disclosure of the title and position of the CODM. The standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The guidance applies retrospectively to all periods presented in the financial statements. We are currently evaluating the guidance and expect it to only impact disclosures with no impact to results of operations, cash flows, and financial condition. Reclassifications of Prior Period Presentation

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2024
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 Six Months Ended 2024 2023 2024 2023 Net (loss) income $ (833) $ 4,305 $ (3,963) $ 8,811 Basic weighted-average common shares outstanding 12,886 12,766 12,852 12,730 Add: Dilutive effect of restricted stock — 53 — 89 Add: Dilutive effect of stock options — 36 — 46 Diluted weighted-average common shares outstanding 12,886 12,855 12,852 12,865 Basic $ (0.06) $ 0.34 $ (0.31) $ 0.69 Diluted $ (0.06) $ 0.33 $ (0.31) $ 0.68 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 Six Months Ended 2024 2023 2024 2023 Anti-dilutive effect of restricted stock 391 302 368 245 Anti-dilutive effect of stock options outstanding 273 207 273 182

CASH, CASH EQUIVALENTS AND REST

CASH, CASH EQUIVALENTS AND RESTRICTED CASH	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
CASH, CASH EQUIVALENTS AND RESTRICTED CASH	CASH, CASH EQUIVALENTS AND RESTRICTED CASH We consider financial instruments with original maturities of three months or less to be cash equivalents. 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, 2024, and 2023 (in thousands): June 30, 2024 June 30, 2023 Cash and cash equivalents $ 51,663 $ 17,158 Restricted cash included in other current assets 25 25 Restricted cash included in other long-term assets 559 550 Total cash, cash equivalents, and restricted cash as shown in the statement of cash flows $ 52,247 $ 17,733 Restricted cash included in other current and long-term assets on the condensed consolidated balance sheets represents amounts for which use is restricted by contractual agreements with various entities, principally the Bureau of Land Management or the States of Utah and New Mexico, as security to fund future reclamation obligations at our sites.

INVENTORY AND LONG-TERM PARTS I

INVENTORY AND LONG-TERM PARTS INVENTORY	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
INVENTORY AND LONG-TERM PARTS INVENTORY	INVENTORY AND LONG-TERM PARTS INVENTORY The following summarizes our inventory, recorded at the lower of weighted-average cost or estimated net realizable value, as of June 30, 2024, and December 31, 2023 (in thousands): June 30, 2024 December 31, 2023 Finished goods product inventory $ 50,348 $ 66,033 In-process inventory 30,104 28,044 Total product inventory 80,452 94,077 Current parts inventory, net 21,480 20,175 Total current inventory, net 101,932 114,252 Long-term parts inventory, net 30,899 30,231 Total inventory, net $ 132,831 $ 144,483 Parts inventory is shown net of estimated allowances for obsolescence of $0.3 million and $0.9 million as of June 30, 2024, and December 31, 2023, respectively.

PROPERTY, PLANT, EQUIPMENT, AND

PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES	6 Months Ended
	Jun. 30, 2024
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, 2024 December 31, 2023 Land $ 24,136 $ 24,136 Ponds and land improvements 92,051 91,333 Mineral properties and development costs 159,783 159,775 Buildings and plant 93,336 90,150 Machinery and equipment 310,033 297,494 Vehicles 7,624 7,332 Office equipment and improvements 10,344 10,150 Operating lease ROU assets 4,284 5,274 Breeding stock 264 315 Construction in progress 20,200 23,942 Total property, plant, equipment, and mineral properties, gross $ 722,055 $ 709,901 Less: accumulated depreciation, depletion, and amortization (367,761) (351,652) Total property, plant, equipment, and mineral properties, net $ 354,294 $ 358,249 During the year ended December 31, 2023, we recorded an impairment related to our Trio ® segment assets because the net book value of the assets exceeded the estimated fair value of the assets. The fair value of the Trio ® segment assets was primarily determined using the expected proceeds received in an orderly sale of the individual assets. For any Trio ® segment capital spending during the six months ended June 30, 2024, we also estimated the fair value of those assets using the expected proceeds received in an orderly sale of those new assets. As a result, we recorded an additional impairment of $2.2 million in the six months ended June 30, 2024. 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, 2024 2023 2024 2023 Depreciation $ 7,594 $ 8,327 $ 15,059 $ 16,054 Depletion 661 170 2,133 1,347 Amortization of right of use assets 339 394 706 782 Total incurred $ 8,594 $ 8,891 $ 17,898 $ 18,183

OTHER LONG-TERM DEFERRED REVENU

OTHER LONG-TERM DEFERRED REVENUE	6 Months Ended
	Jun. 30, 2024
Revenue Recognition and Deferred Revenue [Abstract]
Other Long Term Deferred Revenue Disclosure Text Block	OTHER LONG-TERM DEFERRED INCOME Cooperative Development Agreement —In December 2023, we entered into the Third Amendment of Cooperative Development Agreement (the "Amendment") with XTO Holdings, LLC ("XTO Holdings") and XTO Delaware Basin LLC, as successors in interest to BOPCO, L.P. ("XTO Delaware Basin," and together with XTO Holdings, "XTO"), with an effective date of January 1, 2024 ("Amendment Date"). The Amendment further amends that certain Cooperative Development Agreement, by and between us, BOPCO, L.P. and the other parties thereto, effective as of February 28, 2011 (as amended, including by the Amendment, the "CDA"), which was executed for the purpose of pursuing the cooperative development of potassium and oil and gas on certain lands. The CDA restricts and limits the rights of Intrepid and XTO, as successors in interest to BOPCO, L.P., to explore and develop their respective interests, including limitations on the locations of wells. Intrepid and XTO entered into the Amendment in an effort to further the cooperation, remove the restrictions and limitations, and allow for the efficient co-development of resources within the Designated Potash Area ("DPA") consistent with the United States Secretary of the Interior Order 3324. Pursuant to the Amendment, among other things, we agreed to provide support to XTO's for development and operation of XTO's oil and gas interests within the DPA. As consideration under the Amendment, XTO agreed to pay us an initial fee of $50.0 million (the "Initial Fee"). We received a partial payment of $5.0 million of the Initial Fee in December 2023, and we received payment of the remaining $45.0 million from XTO in January 2024. The Amendment further provides that we shall receive an additional one-time payment equal to $50.0 million (the "Access Fee")," which XTO will pay within 90 days upon the earlier occurrence of (i) the approval of the first new or expanded drilling island within a specific area to be used by XTO or (ii) within seven Because the cooperative development support we are providing under the CDA is not an output of our ordinary business activities, ASC Topic 606, Revenue from Contracts with Customers ("ASC 606") does not apply to the CDA. However, we apply the principles in ASC 606 by analogy to determine amounts of other income to recognize. Under ASC 606, we are required to identify the performance obligations in the CDA and to determine the transaction price. The transaction price may include fixed consideration, variable consideration, or both. Variable consideration may only be included in the transaction price if it is probable that a significant reversal of amounts recognized will not occur (referred to as the variable consideration constraint). The Access Realization Fee is considered variable consideration. Our performance obligation under the Amendment is to "stand-ready" to provide support to XTO, when and as needed, during the term of the Amendment. We estimate the transaction price to be $100.0 million, which is comprised of the $50.0 million Initial Fee and the $50.0 million Access Fee. We are not including any amounts of the Access Realization Fee in the transaction price because of the variable consideration constraint. Since our performance obligation is a "stand-ready" obligation, we are recognizing the transaction price on a straight-line basis over the term of the Amendment which ends on February 28, 2046. For the three and six months ended June 30, 2024, we recorded other operating income of $1.1 million and $2.3 million, respectively, from the Amendment. Because we have not yet been paid the Access Fee included in the transaction price, we recorded a long-term receivable for the amount of the Access Fee that we earned during the six months ended June 30, 2024 of $1.1 million, which is included in "Other Assets" on the Condensed Consolidated Balance Sheets. For the amount of the Initial Fee we earned during the three and six months ended June 30, 2024, we reduced the "Deferred other income, long-term" liability recorded on our condensed consolidated balance sheets. As of June 30, 2024, we had $2.3 million recorded in "Other current liabilities," and $46.6 million recorded in "Deferred other income, long-term" on the condensed consolidated balance sheets for the unearned portion of the Initial Fee. As of December 31, 2023, we had $5.0 million recorded in "Other current liabilities," and zero recorded in "Deferred other income, long-term" on the condensed consolidated balance sheets.

DEBT

DEBT	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
DEBT	DEBT Revolving Credit Facility —We maintain a $150 million revolving credit facility with a syndicate of lenders with Bank of Montreal as administrative agent. The revolving credit facility has a maturity date to August 4, 2027. As of June 30, 2024, borrowings under the credit facility bear interest at the Secured Overnight Financing Rate ("SOFR") plus an applicable margin of 1.50% to 2.25% per annum, based on our leverage ratio as calculated in accordance with the amended agreement governing the revolving credit facility. Borrowings under the revolving credit facility are secured by substantially all of our current and non-current assets, and the obligations under the credit facility are unconditionally guaranteed by several of our subsidiaries. We occasionally borrow and repay amounts under the revolving credit facility for near-term working capital needs or other purposes and may do so in the future. During the three months ended June 30, 2024, we made no borrowings and made no repayments under the revolving credit facility. During the six months ended June 30, 2024, we made no borrowings and made $4.0 million in repayments under the revolving credit facility. During the three months ended June 30, 2023, we made no borrowings and made $5.0 million in repayments under the revolving credit facility. During the six months ended June 30, 2023, we made $5.0 million in borrowings and made $5.0 million in repayments under the revolving credit facility. As of June 30, 2024, we had no borrowings outstanding and no outstanding letters of credit under this facility. As of December 31, 2023, we had $4.0 million in borrowings outstanding and no outstanding letters of credit under this facility. As of June 30, 2024, we were in compliance with all applicable covenants under the revolving credit facility. Interest Expense —Interest expense is recorded net of any capitalized interest associated with investments in capital projects. We incurred gross interest expense of $0.2 million and $0.3 million for the three and six months ended June 30, 2024, respectively, and $0.2 million and $0.3 million for the three and six months ended June 30, 2023, respectively. Amounts included in interest expense, net for the three and six months ended June 30, 2024, and 2023 were as follows (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Interest expense on borrowings $ 42 $ 53 $ 81 $ 75 Commitment fee on unused credit facility 57 56 114 112 Amortization of deferred financing costs 76 76 151 151 Gross interest expense 175 185 346 338 Less capitalized interest (175) (185) (346) (338) Interest expense, net $ — $ — $ — $ —

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	INTANGIBLE ASSETS We have water rights, recorded at $19.2 million at June 30, 2024, and December 31, 2023. Our water rights have indefinite lives and are not amortized. We evaluate our water rights at least annually as of October 1 for impairment, or more frequently if circumstances require.

FINANCIAL INFORMATION FOR SUBSI

FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS OF POSSIBLE FUTURE PUBLIC DEBT	6 Months Ended
	Jun. 30, 2024
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 cash equivalents and totaled $51.7 million and $4.1 million at June 30, 2024, and December 31, 2023, 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, 2024
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 close 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 reclamation liabilities range from 6.9% to 12.0%. Revisions to the liability occur due to construction of new or expanded facilities, changes in estimated closure costs or economic lives, or to reflect new federal or state rules, regulations, or requirements regarding the closure 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, 2024 2023 2024 2023 Asset retirement obligation, at beginning of period $ 30,981 $ 27,399 $ 30,359 $ 26,864 Accretion of discount 622 535 1,244 1,070 Total asset retirement obligation, at end of period $ 31,603 $ 27,934 $ 31,603 $ 27,934 Less current portion of asset retirement obligation $ (282) $ (300) $ (282) $ (300) Long-term portion of asset retirement obligation $ 31,321 $ 27,634 $ 31,321 $ 27,634 The current portion of the asset retirement obligation is included in "Other current liabilities" on the condensed consolidated balance sheet as of June 30, 2024.

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE Revenue Recognition —We account for revenue in accordance with 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 in exchange for those goods or services. The timing of revenue recognition, billings, and cash collection may result in contract assets or contract liabilities. Contract Balances: As of June 30, 2024, and December 31, 2023, we had a total of $2.9 million and $2.3 million of contract liabilities, respectively, of which $1.3 million and $1.0 million were current as of June 30, 2024, and December 31, 2023, respectively, and included in "Other current liabilities" on the condensed consolidated balance sheets. Customer advances received before we have satisfied our performance obligations are accounted for as a contract liability (sometimes referred to in practice as deferred revenue). Our deferred revenue activity for the three and six months ended June 30, 2024, and 2023 is shown below (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Beginning balance $ 2,567 $ 2,274 $ 2,303 $ 2,374 Additions 705 169 1,297 314 Recognized as revenue during period (415) (275) (743) (520) Ending Balance $ 2,857 $ 2,168 $ 2,857 $ 2,168 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, 2024, and 2023. 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, 2024 Product Potash Segment Trio ® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 24,138 $ — $ — $ (40) $ 24,098 Trio ® — 26,413 — — 26,413 Water — — 2,572 — 2,572 Salt 3,335 109 — — 3,444 Magnesium Chloride 932 — — — 932 Brine Water 1,584 — 1,166 — 2,750 Other 45 — 1,801 — 1,846 Total Revenue $ 30,034 $ 26,522 $ 5,539 $ (40) $ 62,055 Six Months Ended June 30, 2024 Product Potash Segment Trio® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 56,550 $ — $ — $ (140) $ 56,410 Trio ® — 62,697 — — 62,697 Water — — 4,741 — 4,741 Salt 6,479 313 — — 6,792 Magnesium Chloride 1,351 — — — 1,351 Brine Water 3,167 — 2,293 — 5,460 Other 63 — 3,828 — 3,891 Total Revenue $ 67,610 $ 63,010 $ 10,862 $ (140) $ 141,342 Three Months Ended June 30, 2023 Product Potash Segment Trio ® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 41,106 $ — $ — $ (88) $ 41,018 Trio ® — 27,228 — — 27,228 Water 100 1,474 2,568 — 4,142 Salt 3,278 46 — — 3,324 Magnesium Chloride 1,667 — — — 1,667 Brine Water 1,113 — 1,001 — 2,114 Other — — 1,542 — 1,542 Total Revenue $ 47,264 $ 28,748 $ 5,111 $ (88) $ 81,035 Six Months Ended June 30, 2023 Product Potash Segment Trio ® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 88,261 $ — $ — $ (189) $ 88,072 Trio ® — 56,282 — — 56,282 Water 180 2,522 4,187 — 6,889 Salt 6,321 218 — — 6,539 Magnesium Chloride 2,804 — — — 2,804 Brine Water 2,195 — 1,823 — 4,018 Other — — 3,351 — 3,351 Total Revenue $ 99,761 $ 59,022 $ 9,361 $ (189) $ 167,955

COMPENSATION PLANS

COMPENSATION PLANS	6 Months Ended
	Jun. 30, 2024
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 2022. We have issued common stock, restricted stock, performance units, and non-qualified stock option awards under the Plan. As of June 30, 2024, approxi mately 0.8 million s hares remained available for issuance under the Plan. During the six months ended June 30, 2024, the Compensation Committee granted an aggregate of 165,216 shares of restricted stock to executive officers and other key employees. These awards vest over three one During the six months ended June 30, 2023, the Compensation Committee granted an aggregate of 225,117 restricted shares to executive officers and other key employees. These awards vest over three one As of June 30, 2024, the following awards were outstanding under the Plan (in thousands): Outstanding as of Restricted Shares 373 Non-qualified Stock Options 273 Total share-based compensation expenses were $1.2 million and $1.8 million for the three months ended June 30, 2024, and 2023, respectively, and $2.6 million and $3.5 million for the six months ended June 30, 2024, and 2023, respectively. As of June 30, 2024, we had $6.3 million of total remaining unrecognized compensation expense related to awards that is expected to be recognized over a weighted-average period of 1.4 years.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2024
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, and the benefit associated with the estimated effect of the percentage depletion deduction. A summary of our provision for income taxes is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Current portion of income tax expense $ 21 $ 8 $ 35 $ 134 Deferred portion of income tax (benefit) expense (325) 2,015 (1,114) 3,676 Total income tax (benefit) expense $ (304) $ 2,023 $ (1,079) $ 3,810

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Reclamation Deposits and Surety Bonds —As of June 30, 2024, and December 31, 2023, we had $27.1 million and $26.8 million, respectively, of security placed principally with the Bureau of Land Management ("BLM") and the States of Utah and New Mexico for eventual reclamation of our various facilities. As of June 30, 2024, $0.5 million consisted of long-term restricted cash deposits and $26.6 million was secured by surety bonds issued by an insurer. As of December 31, 2023, $0.5 million consisted of long-term restricted cash deposits and $26.3 million was secured by surety bonds issued by an insurer. The restricted cash deposits are included in "Other assets, net" on the condensed consolidated balance sheets and the surety bonds are held in place by an annual fee paid to the issuer. We may be required to post additional security to fund future reclamation obligations as reclamation plans are updated or as statutory, regulatory, or other agency requirements change. Legal —We are subject to claims and legal actions in the ordinary course of business. We expense legal costs as they are incurred. While there are uncertainties in predicting the outcome of any claim or legal action, except as noted below, we believe the ultimate resolution of these claims or actions is not reasonably likely to have a material adverse effect on our financial condition, results of operations, or cash flows. Water Rights and Other Legal Contingencies On March 17, 2022, following an expedited inter se proceeding, a court entered a subfile order and partial final judgment and decree ("Order") determining the validity of our claim to 20,000 acre feet of Pecos River surface water rights. The Order found that our predecessors in interest had forfeited all but approximately 5,800 acre feet of water per year, and that of the remaining 5,800 acre feet of water that had not been forfeited, all but 150 acre feet of water had been abandoned prior to 2017. The Order limited our right to 150 acre fee per annum of water for industrial-salt processing use. We appealed the Order to the New Mexico Court of Appeals ("NMCA"), which, on July 7, 2023, affirmed the Order. On November 17, 2023, we filed a request for the New Mexico Supreme Court ("NMSC") to reconsider and review the NMCA's decision to affirm the Order's abandonment determination. The NMSC agreed to review the NMCA's abandonment determination on February 7, 2024, where it is still before the court. In 2017 and 2018 the New Mexico Office of the State Engineer ("OSE") granted us preliminary and emergency authorizations to sell approximately 5,700 acre-feet of water per year from our Pecos River Water rights. The preliminary and emergency authorizations allowed for water sales to begin immediately, subject to repayment if the underlying water rights were ultimately found to be invalid. If the NMCA's decision is ultimately affirmed, we may have to repay for the water we sold under the preliminary and emergency authorizations. Repayment of this water can be up to two times the amount of water removed from the river. Repayment is customarily made in-kind over a period of time but can take other forms including cash repayment. If we are not able to repay in-kind due to the lack of remaining water rights or logistical constraints, we may need to purchase water to meet this repayment or be subject to a cash repayment. We cannot reasonably estimate the potential volume, timing, or form of repayment, if any, and have not recorded a loss contingency in our Condensed Consolidated Statement of Operations related to this legal matter. We have estimated contingent liabilities recorded in "Other current liabilities" on the condensed consolidated balance sheets of $2.5 million as of June 30, 2024, mainly related to the potential underpayment of royalties from 2012 to 2016, and a potential fine related to a violation of one of our air quality permits at our New Mexico facility. As of December 31, 2023, we had $3.4 million in contingent liabilities mainly related to the potential underpayment of royalties from 2012 to 2016 and potential royalties on water revenues in 2019 to 2022. During the six months ended June 30, 2024, we paid $1.9 million to the New Mexico State Land Office to resolve the matter related to potential royalties on water revenues from 2019 to 2022.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2024
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. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation at the measurement date: Level 1 - Quoted market prices in active markets for identical assets or liabilities. Level 2 - Inputs, other than Level 1, that are either directly or indirectly observable. Level 3 - Unobservable inputs developed using estimates and assumptions which reflect those that market participants would use. The classification of fair value measurement within the hierarchy is based upon the lowest level of input that is significant to the measurement. Other financial instruments consist primarily of cash equivalents, accounts receivable, refundable income taxes, investment securities, accounts payable, accrued liabilities, and, if any, advances under our credit facility. With the exception of investment securities, we believe cost approximates fair value for our financial instruments because of the short-term nature of these instruments. Cash Equivalents —As of June 30, 2024, we had cash equivalents of $1.0 million. As of December 31, 2023, we had cash equivalents of $0.5 million. Held-to-Maturity Investments —As of June 30, 2024, and December 31, 2023, we owned debt investment securities classified as held-to-maturity because we have the intent and ability to hold these investments to maturity. Our held-to-maturity debt investment securities consist of investment grade corporate bonds and U.S. government issued bonds. These debt securities are carried at amortized cost and consist of the following (amounts in thousands): As of June 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term Corporate bonds $ 496 $ — $ (2) $ 494 Government bonds 1,968 — (10) 1,958 Total $ 2,464 $ — $ (12) $ 2,452 As of December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term Corporate bonds $ 991 $ — $ (9) $ 982 Government bonds 1,979 — (13) 1,966 Total $ 2,970 $ — $ (22) $ 2,948 Long-term Corporate bonds $ — $ — $ — $ — Government bonds 954 1 (4) 951 Total $ 954 $ 1 $ (4) $ 951 Our long-term held to maturity investments are recorded in "Long-term investments" on the Condensed Consolidated Balance Sheets. As of June 30, 2024 and December 31, 2023, we had $2.5 million and $3.9 million in held-to-maturity debt investment securities, respectively. As of June 30, 2024, our held-to-maturity investments mature in less than one year. Equity Investments without a Readily Determinable Fair Value —In May 2020, we acquired a non-controlling equity investment in W.D. Von Gonten Laboratories ("WDVGL") for $3.5 million. We initially accounted for this investment as an equity investment without a readily determinable fair value and elected to measure our investment, as permitted by GAAP, at cost plus or minus any adjustments for observable changes in prices resulting from orderly transactions for the identical or a similar investment of the same issuer or impairment. In July 2022, WDVGL entered into an agreement (the “Purchase Agreement”) with National Energy Services Reunited Corporation (“NSER”), a British Virgin Islands corporation headquartered in Houston, Texas. Under the terms of the Purchase Agreement, WDVGL was combined with the consulting business owned by W.D. Von Gonten (“Consulting”) to form a new entity, W.D. Von Gonten Engineering, LLC (“Engineering”), and NESR purchased Engineering in a majority stock transaction at an agreed upon selling price. NESR stock received from the sale of Engineering will be distributed to investors in WDVGL and Consulting. In February 2023, we received $0.2 million in cash for our investment in WDVG. We recorded that cash received as a liability because we were required to return the cash to WDVGL if the sale of Engineering to NESR was not finalized. The sale of Engineering to NESR has since been finalized and we reduced our investment in WDVG by the amount of cash received. NESR trades on the over-the-counter “Pink Market.” We are valuing our investment in WDVGL primarily based upon the quoted closing share price of NESR on June 30, 2024 and the estimated number of shares of NESR stock we expect to receive for our investment in WDVG. The value of NESR stock is considered a level two input in the fair value hierarchy. As of June 30, 2024, and December 31, 2023, we had not recorded any adjustments to the carrying value of this investment since the purchase in May 2020. We include this investment in "Long-term investments" on the Condensed Consolidated Balance Sheets. Equity Method Investments

BUSINESS SEGMENTS

BUSINESS SEGMENTS	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
BUSINESS SEGMENTS	BUSINESS SEGMENTS Our operations are organized into three segments: potash, Trio ® , and oilfield solutions. We determine reportable segments based on several factors including the types of products and services sold, production processes, markets served and the financial information available for our CODM. 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 $ 30,034 $ 26,522 $ 5,539 $ (40) $ 62,055 Less: Freight costs 2,803 6,660 — (40) 9,423 Warehousing and handling 1,343 1,243 — — 2,586 Cost of goods sold 21,224 16,437 3,409 — 41,070 Lower of cost or net 1,352 — — — 1,352 Gross Margin $ 3,312 $ 2,182 $ 2,130 $ — $ 7,624 Depreciation, depletion, and amortization incurred 1 $ 6,178 $ 851 $ 1,195 $ 454 $ 8,678 Six Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 67,610 $ 63,010 $ 10,862 $ (140) $ 141,342 Less: Freight costs 6,759 15,634 — (140) 22,253 Warehousing and handling 3,070 2,605 — — 5,675 Cost of goods sold 47,040 43,728 6,733 — 97,501 Lower of cost or net 1,855 — — — 1,855 Gross Margin $ 8,886 $ 1,043 $ 4,129 $ — $ 14,058 Depreciation, depletion, and amortization incurred 1 $ 13,149 $ 1,735 $ 2,266 $ 912 $ 18,062 Three Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 47,264 $ 28,748 $ 5,111 $ (88) $ 81,035 Less: Freight costs 4,338 6,266 — (88) 10,516 Warehousing and handling 1,609 1,192 — — 2,801 Cost of goods sold 28,441 20,068 3,827 — 52,336 Gross Margin $ 12,876 $ 1,222 $ 1,284 $ — $ 15,382 Depreciation, depletion, and amortization incurred 1 $ 6,429 $ 1,405 $ 915 $ 223 $ 8,972 Six Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 99,761 $ 59,022 $ 9,361 $ (189) $ 167,955 Less: Freight costs 9,343 12,952 — (189) 22,106 Warehousing and handling 3,089 2,445 — — 5,534 Cost of goods sold 60,025 40,951 7,605 — 108,581 Gross Margin $ 27,304 $ 2,674 $ 1,756 $ — $ 31,734 Depreciation, depletion and amortization incurred 1 $ 13,482 $ 2,611 $ 1,822 $ 429 $ 18,344 1 Depreciation, depletion, and amortization incurred for potash and Trio ® excludes depreciation, depletion and amortization amounts absorbed in or relieved from inventory. The following table shows the reconciliation of reportable segment sales to consolidated sales and the reconciliation of segment gross margins to consolidated income before taxes (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Total sales for reportable segments $ 62,095 $ 81,123 $ 141,482 $ 168,144 Elimination of intersegment sales (40) (88) (140) (189) Total consolidated sales $ 62,055 81,035 $ 141,342 $ 167,955 Total gross margin for reportable segments $ 7,624 $ 15,382 $ 14,058 $ 31,734 Elimination of intersegment sales (40) (88) (140) (189) Elimination of intersegment expenses 40 88 140 189 Unallocated amounts: Selling and administrative 7,937 7,948 16,294 16,806 Impairment of long-lived assets 831 — 2,208 — Loss (gain) on disposal of assets 241 (7) 492 193 Accretion of asset retirement obligation 622 535 1,244 1,070 Other operating income (1,266) (439) (2,659) (730) Other operating expense 887 77 2,413 1,753 Equity in loss (earnings) of unconsolidated entities 116 1,059 (33) 238 Interest income (547) (76) (791) (161) Other non-operating income (60) (43) (68) (56) (Loss) income before income taxes $ (1,137) $ 6,328 $ (5,042) $ 12,621 Total assets are not presented for each reportable segment as they are not reviewed by, nor otherwise regularly provided to, the CODM.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income (loss)	$ (833)	$ 4,305	$ (3,963)	$ 8,811

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		During the three months ended June 30, 2024, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2024
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 ("SEC"). 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, 2023.
Pronouncements Issued But Not Yet Adopted	In December 2023, the Financial Accounting Standards Board (the "FASB") issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" ("ASU 2023-09"). ASU 2023-09 requires that an entity disclose specific categories in the effective tax rate reconciliation as well as provide additional information for reconciling items that meet a quantitative threshold, certain disclosures of state versus federal income tax expenses and taxes paid. ASC 2023-09 is effective for fiscal years beginning after December 15, 2024. We are currently evaluating the guidance and expect it to only impact disclosures with no impact to results of operations, cash flows and financial condition. In November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" ("ASU 2023-07"). This new guidance: (i) introduces a requirement to disclose significant segment expenses regularly provided to the chief operating decision maker ("CODM"), (ii) extends certain annual disclosures to interim periods, (iii) clarifies disclosure requirements for single reportable segment entities, (iv) permits more than one measure of segment profit or loss to be reported under certain conditions, and (v) requires disclosure of the title and position of the CODM. The standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The guidance applies retrospectively to all periods presented in the financial statements. We are currently evaluating the guidance and expect it to only impact disclosures with no impact to results of operations, cash flows, and financial condition.
Revenue Recognition	We account for revenue in accordance with 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 in exchange for those goods or services. The timing of revenue recognition, billings, and cash collection may result in contract assets or contract liabilities.
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, 2024
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted 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 Six Months Ended 2024 2023 2024 2023 Net (loss) income $ (833) $ 4,305 $ (3,963) $ 8,811 Basic weighted-average common shares outstanding 12,886 12,766 12,852 12,730 Add: Dilutive effect of restricted stock — 53 — 89 Add: Dilutive effect of stock options — 36 — 46 Diluted weighted-average common shares outstanding 12,886 12,855 12,852 12,865 Basic $ (0.06) $ 0.34 $ (0.31) $ 0.69 Diluted $ (0.06) $ 0.33 $ (0.31) $ 0.68
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 Six Months Ended 2024 2023 2024 2023 Anti-dilutive effect of restricted stock 391 302 368 245 Anti-dilutive effect of stock options outstanding 273 207 273 182

CASH, CASH EQUIVALENTS AND RE_2

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024, and 2023 (in thousands): June 30, 2024 June 30, 2023 Cash and cash equivalents $ 51,663 $ 17,158 Restricted cash included in other current assets 25 25 Restricted cash included in other long-term assets 559 550 Total cash, cash equivalents, and restricted cash as shown in the statement of cash flows $ 52,247 $ 17,733

INVENTORY AND LONG-TERM PARTS_2

INVENTORY AND LONG-TERM PARTS INVENTORY (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024, and December 31, 2023 (in thousands): June 30, 2024 December 31, 2023 Finished goods product inventory $ 50,348 $ 66,033 In-process inventory 30,104 28,044 Total product inventory 80,452 94,077 Current parts inventory, net 21,480 20,175 Total current inventory, net 101,932 114,252 Long-term parts inventory, net 30,899 30,231 Total inventory, net $ 132,831 $ 144,483

PROPERTY, PLANT, EQUIPMENT, A_2

PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 December 31, 2023 Land $ 24,136 $ 24,136 Ponds and land improvements 92,051 91,333 Mineral properties and development costs 159,783 159,775 Buildings and plant 93,336 90,150 Machinery and equipment 310,033 297,494 Vehicles 7,624 7,332 Office equipment and improvements 10,344 10,150 Operating lease ROU assets 4,284 5,274 Breeding stock 264 315 Construction in progress 20,200 23,942 Total property, plant, equipment, and mineral properties, gross $ 722,055 $ 709,901 Less: accumulated depreciation, depletion, and amortization (367,761) (351,652) Total property, plant, equipment, and mineral properties, net $ 354,294 $ 358,249
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, 2024 2023 2024 2023 Depreciation $ 7,594 $ 8,327 $ 15,059 $ 16,054 Depletion 661 170 2,133 1,347 Amortization of right of use assets 339 394 706 782 Total incurred $ 8,594 $ 8,891 $ 17,898 $ 18,183

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule Of Interest Expense	Amounts included in interest expense, net for the three and six months ended June 30, 2024, and 2023 were as follows (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Interest expense on borrowings $ 42 $ 53 $ 81 $ 75 Commitment fee on unused credit facility 57 56 114 112 Amortization of deferred financing costs 76 76 151 151 Gross interest expense 175 185 346 338 Less capitalized interest (175) (185) (346) (338) Interest expense, net $ — $ — $ — $ —

ASSET RETIREMENT OBLIGATION (Ta

ASSET RETIREMENT OBLIGATION (Tables)	6 Months Ended
	Jun. 30, 2024
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, 2024 2023 2024 2023 Asset retirement obligation, at beginning of period $ 30,981 $ 27,399 $ 30,359 $ 26,864 Accretion of discount 622 535 1,244 1,070 Total asset retirement obligation, at end of period $ 31,603 $ 27,934 $ 31,603 $ 27,934 Less current portion of asset retirement obligation $ (282) $ (300) $ (282) $ (300) Long-term portion of asset retirement obligation $ 31,321 $ 27,634 $ 31,321 $ 27,634

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Contract Balances	As of June 30, 2024, and December 31, 2023, we had a total of $2.9 million and $2.3 million of contract liabilities, respectively, of which $1.3 million and $1.0 million were current as of June 30, 2024, and December 31, 2023, respectively, and included in "Other current liabilities" on the condensed consolidated balance sheets. Customer advances received before we have satisfied our performance obligations are accounted for as a contract liability (sometimes referred to in practice as deferred revenue). Our deferred revenue activity for the three and six months ended June 30, 2024, and 2023 is shown below (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Beginning balance $ 2,567 $ 2,274 $ 2,303 $ 2,374 Additions 705 169 1,297 314 Recognized as revenue during period (415) (275) (743) (520) Ending Balance $ 2,857 $ 2,168 $ 2,857 $ 2,168
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, 2024, and 2023. 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, 2024 Product Potash Segment Trio ® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 24,138 $ — $ — $ (40) $ 24,098 Trio ® — 26,413 — — 26,413 Water — — 2,572 — 2,572 Salt 3,335 109 — — 3,444 Magnesium Chloride 932 — — — 932 Brine Water 1,584 — 1,166 — 2,750 Other 45 — 1,801 — 1,846 Total Revenue $ 30,034 $ 26,522 $ 5,539 $ (40) $ 62,055 Six Months Ended June 30, 2024 Product Potash Segment Trio® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 56,550 $ — $ — $ (140) $ 56,410 Trio ® — 62,697 — — 62,697 Water — — 4,741 — 4,741 Salt 6,479 313 — — 6,792 Magnesium Chloride 1,351 — — — 1,351 Brine Water 3,167 — 2,293 — 5,460 Other 63 — 3,828 — 3,891 Total Revenue $ 67,610 $ 63,010 $ 10,862 $ (140) $ 141,342 Three Months Ended June 30, 2023 Product Potash Segment Trio ® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 41,106 $ — $ — $ (88) $ 41,018 Trio ® — 27,228 — — 27,228 Water 100 1,474 2,568 — 4,142 Salt 3,278 46 — — 3,324 Magnesium Chloride 1,667 — — — 1,667 Brine Water 1,113 — 1,001 — 2,114 Other — — 1,542 — 1,542 Total Revenue $ 47,264 $ 28,748 $ 5,111 $ (88) $ 81,035 Six Months Ended June 30, 2023 Product Potash Segment Trio ® Segment Oilfield Solutions Segment Intersegment Eliminations Total Potash $ 88,261 $ — $ — $ (189) $ 88,072 Trio ® — 56,282 — — 56,282 Water 180 2,522 4,187 — 6,889 Salt 6,321 218 — — 6,539 Magnesium Chloride 2,804 — — — 2,804 Brine Water 2,195 — 1,823 — 4,018 Other — — 3,351 — 3,351 Total Revenue $ 99,761 $ 59,022 $ 9,361 $ (189) $ 167,955

COMPENSATION PLANS (Tables)

COMPENSATION PLANS (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Outstanding Share Based Awards	As of June 30, 2024, the following awards were outstanding under the Plan (in thousands): Outstanding as of Restricted Shares 373 Non-qualified Stock Options 273

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Provision of Income Taxes	A summary of our provision for income taxes is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Current portion of income tax expense $ 21 $ 8 $ 35 $ 134 Deferred portion of income tax (benefit) expense (325) 2,015 (1,114) 3,676 Total income tax (benefit) expense $ (304) $ 2,023 $ (1,079) $ 3,810

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Held-to-Maturity Investments	Held-to-Maturity Investments —As of June 30, 2024, and December 31, 2023, we owned debt investment securities classified as held-to-maturity because we have the intent and ability to hold these investments to maturity. Our held-to-maturity debt investment securities consist of investment grade corporate bonds and U.S. government issued bonds. These debt securities are carried at amortized cost and consist of the following (amounts in thousands): As of June 30, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term Corporate bonds $ 496 $ — $ (2) $ 494 Government bonds 1,968 — (10) 1,958 Total $ 2,464 $ — $ (12) $ 2,452 As of December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term Corporate bonds $ 991 $ — $ (9) $ 982 Government bonds 1,979 — (13) 1,966 Total $ 2,970 $ — $ (22) $ 2,948 Long-term Corporate bonds $ — $ — $ — $ — Government bonds 954 1 (4) 951 Total $ 954 $ 1 $ (4) $ 951

BUSINES SEGMENTS (Tables)

BUSINES SEGMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	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 $ 30,034 $ 26,522 $ 5,539 $ (40) $ 62,055 Less: Freight costs 2,803 6,660 — (40) 9,423 Warehousing and handling 1,343 1,243 — — 2,586 Cost of goods sold 21,224 16,437 3,409 — 41,070 Lower of cost or net 1,352 — — — 1,352 Gross Margin $ 3,312 $ 2,182 $ 2,130 $ — $ 7,624 Depreciation, depletion, and amortization incurred 1 $ 6,178 $ 851 $ 1,195 $ 454 $ 8,678 Six Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 67,610 $ 63,010 $ 10,862 $ (140) $ 141,342 Less: Freight costs 6,759 15,634 — (140) 22,253 Warehousing and handling 3,070 2,605 — — 5,675 Cost of goods sold 47,040 43,728 6,733 — 97,501 Lower of cost or net 1,855 — — — 1,855 Gross Margin $ 8,886 $ 1,043 $ 4,129 $ — $ 14,058 Depreciation, depletion, and amortization incurred 1 $ 13,149 $ 1,735 $ 2,266 $ 912 $ 18,062 Three Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 47,264 $ 28,748 $ 5,111 $ (88) $ 81,035 Less: Freight costs 4,338 6,266 — (88) 10,516 Warehousing and handling 1,609 1,192 — — 2,801 Cost of goods sold 28,441 20,068 3,827 — 52,336 Gross Margin $ 12,876 $ 1,222 $ 1,284 $ — $ 15,382 Depreciation, depletion, and amortization incurred 1 $ 6,429 $ 1,405 $ 915 $ 223 $ 8,972 Six Months Ended Potash Trio ® Oilfield Solutions Other Consolidated Sales $ 99,761 $ 59,022 $ 9,361 $ (189) $ 167,955 Less: Freight costs 9,343 12,952 — (189) 22,106 Warehousing and handling 3,089 2,445 — — 5,534 Cost of goods sold 60,025 40,951 7,605 — 108,581 Gross Margin $ 27,304 $ 2,674 $ 1,756 $ — $ 31,734 Depreciation, depletion and amortization incurred 1 $ 13,482 $ 2,611 $ 1,822 $ 429 $ 18,344 1 Depreciation, depletion, and amortization incurred for potash and Trio ® excludes depreciation, depletion and amortization amounts absorbed in or relieved from inventory.
Reconciliation of Reportable Segment Sales to Consolidated Sales and Segment Gross Margins to Consolidated Income Before Taxes	The following table shows the reconciliation of reportable segment sales to consolidated sales and the reconciliation of segment gross margins to consolidated income before taxes (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Total sales for reportable segments $ 62,095 $ 81,123 $ 141,482 $ 168,144 Elimination of intersegment sales (40) (88) (140) (189) Total consolidated sales $ 62,055 81,035 $ 141,342 $ 167,955 Total gross margin for reportable segments $ 7,624 $ 15,382 $ 14,058 $ 31,734 Elimination of intersegment sales (40) (88) (140) (189) Elimination of intersegment expenses 40 88 140 189 Unallocated amounts: Selling and administrative 7,937 7,948 16,294 16,806 Impairment of long-lived assets 831 — 2,208 — Loss (gain) on disposal of assets 241 (7) 492 193 Accretion of asset retirement obligation 622 535 1,244 1,070 Other operating income (1,266) (439) (2,659) (730) Other operating expense 887 77 2,413 1,753 Equity in loss (earnings) of unconsolidated entities 116 1,059 (33) 238 Interest income (547) (76) (791) (161) Other non-operating income (60) (43) (68) (56) (Loss) income before income taxes $ (1,137) $ 6,328 $ (5,042) $ 12,621 Total assets are not presented for each reportable segment as they are not reviewed by, nor otherwise regularly provided to, the CODM.

COMPANY BACKGROUND (Narrative)

COMPANY BACKGROUND (Narrative) (Details)	6 Months Ended
	Jun. 30, 2024 segment Facility nutrient
Number of mining facilities | Facility	3
Number of reportable segments | segment	3
Number of key nutrients | nutrient	3

EARNINGS PER SHARE (Schedule of

EARNINGS PER SHARE (Schedule of Calculation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net (loss) income	$ (833)	$ 4,305	$ (3,963)	$ 8,811
Basic weighted average common shares outstanding (in shares)	12,886	12,766	12,852	12,730
Add: Dilutive effect of restricted stock (in shares)	0	53	0	89
Add: Dilutive effect of stock options (in shares)	0	36	0	46
Diluted weighted average common shares outstanding (in shares)	12,886	12,855	12,852	12,865
Basic (in dollars per share)	$ (0.06)	$ 0.34	$ (0.31)	$ 0.69
Diluted (in dollars per share)	$ (0.06)	$ 0.33	$ (0.31)	$ 0.68

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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Restricted Stock [Member]
Anti-dilutive weighted average non-vested shares
Anti-dilutive shares (in shares)	391	302	368	245
Stock Options [Member]
Anti-dilutive weighted average non-vested shares
Anti-dilutive shares (in shares)	273	207	273	182

CASH, CASH EQUIVALENTS AND RE_3

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 51,663	$ 4,071	$ 17,158
Restricted cash included in other current assets	25		25
Restricted cash included in other long-term assets	559		550
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$ 52,247	$ 4,651	$ 17,733	$ 19,084

INVENTORY AND LONG-TERM PARTS_3

INVENTORY AND LONG-TERM PARTS INVENTORY (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Allowances for obsolescence	$ 0.3	$ 0.9

INVENTORY AND LONG-TERM PARTS_4

INVENTORY AND LONG-TERM PARTS INVENTORY (Summary of Inventory) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Inventory [Line Items]
Finished goods product inventory	$ 50,348	$ 66,033
In-process inventory	30,104	28,044
Total product inventory	80,452	94,077
Current parts inventory, net	21,480	20,175
Total current inventory, net	101,932	114,252
Long-term parts inventory, net	30,899	30,231
Total inventory, net	$ 132,831	$ 144,483

PROPERTY, PLANT, EQUIPMENT, A_3

PROPERTY, PLANT, EQUIPMENT, AND MINERAL PROPERTIES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Impairment of long-lived assets	$ 831	$ 0	$ 2,208	$ 0

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, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	$ 722,055	$ 709,901
Less: accumulated depreciation, depletion, and amortization	(367,761)	(351,652)
Total property, plant, equipment and mineral properties, net	354,294	358,249
Land [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	24,136	24,136
Ponds and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	92,051	91,333
Mineral Properties And Development Costs [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	159,783	159,775
Buildings and Plant [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	93,336	90,150
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	310,033	297,494
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	7,624	7,332
Office Equipment and Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	10,344	10,150
Operating Lease ROU Assets [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	4,284	5,274
Breeding Stock [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	264	315
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Total property, plant, equipment, and mineral properties, gross	$ 20,200	$ 23,942

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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation	$ 7,594	$ 8,327	$ 15,059	$ 16,054
Depletion	661	170	2,133	1,347
Amortization of right of use assets	339	394	706	782
Total incurred	$ 8,594	$ 8,891	$ 17,898	$ 18,183

OTHER LONG-TERM DEFERRED REVE_2

OTHER LONG-TERM DEFERRED REVENUE (Details) - USD ($) $ in Thousands			3 Months Ended		6 Months Ended
	Jan. 02, 2024	Dec. 12, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Revenue Recognition and Deferred Revenue [Abstract]
Other operating income			$ 1,266	$ 439	$ 2,659	$ 730
Deferred other income, long-term			46,617		46,617		$ 0
Revenue Recognition, Milestone Method [Line Items]
Other operating income			1,266	$ 439	2,659	$ 730
Other assets, net			9,000		9,000		8,016
Deferred other income, long-term			46,617		46,617		0
XTO [Member]
Revenue Recognition and Deferred Revenue [Abstract]
Initial fee under the third amentment of Cooperative Development Agreement		$ 50,000
Payment received under the Third Amendment of Cooperative Development Agreement		5,000
Remaining payment received under the Third Amendment of Cooperative Development Agreement	$ 45,000
Additional one time payment as an access fee under the Third Amendment of Cooperative Development Agreement		$ 50,000
Access fee payment term		90 days
Anniversary term of the Amendment Date		7 years
Transaction price of the third amentment of Cooperative Development Agreement		$ 100,000
Additional amounts as an Access Realization Fee under the Third Amendment of Cooperative Development Agreement		100,000
Other operating income			1,100		2,300
Deferred income, current			2,300		2,300		5,000
Deferred other income, long-term			46,600		46,600		0
Revenue Recognition, Milestone Method [Line Items]
Other operating income			1,100		2,300
Initial fee under the third amentment of Cooperative Development Agreement		50,000
Other assets, net			1,100		1,100
Payment received under the Third Amendment of Cooperative Development Agreement		5,000
Remaining payment received under the Third Amendment of Cooperative Development Agreement	$ 45,000
Additional one time payment as an access fee under the Third Amendment of Cooperative Development Agreement		$ 50,000
Access fee payment term		90 days
Anniversary term of the Amendment Date		7 years
Additional amounts as an Access Realization Fee under the Third Amendment of Cooperative Development Agreement		$ 100,000
Transaction price of the third amentment of Cooperative Development Agreement		$ 100,000
Deferred income, current			2,300		2,300		5,000
Deferred other income, long-term			$ 46,600		$ 46,600		$ 0

DEBT (Details)

DEBT (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Debt
Proceeds from short-term borrowings on credit facility			$ 0	$ 5,000
Repayments of credit facility			4,000	5,000
Interest expense	$ 175	$ 185	346	338
Revolving Credit Facility [Member]
Debt
Proceeds from short-term borrowings on credit facility	0	0	0	5,000
Repayments of credit facility	0	$ 5,000	4,000	$ 5,000
Line of credit, outstanding	0		0		$ 4,000
Letters of credit outstanding, amount	0		0		$ 0
Credit facility, maximum borrowing capacity	$ 150,000		$ 150,000
Debt, maturity date			Aug. 04, 2027
Minimum [Member] | Revolving Credit Facility [Member]
Debt
Credit facility interest margin			1.50%
Maximum [Member] | Revolving Credit Facility [Member]
Debt
Credit facility interest margin			2.25%

DEBT SCHEDULE OF INTEREST EXPEN

DEBT SCHEDULE OF INTEREST EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt Disclosure [Abstract]
Interest expense on borrowings	$ 42	$ 53	$ 81	$ 75
Commitment fee on unused credit facility	57	56	114	112
Amortization of deferred financing costs	76	76	151	151
Gross interest expense	175	185	346	338
Less capitalized interest	(175)	(185)	(346)	(338)
Interest expense, net	$ 0	$ 0	$ 0	$ 0

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Indefinite-lived Intangible Assets [Line Items]
Intangible assets, water rights	$ 19,184	$ 19,184
Finite-lived intangible assets, weighted average amortization period	15 years 1 month 6 days
Finite-lived intangible assets, net	$ 5,000	$ 4,900

FINANCIAL INFORMATION FOR SUB_2

FINANCIAL INFORMATION FOR SUBSIDIARY GUARANTORS OF POSSIBLE FUTURE PUBLIC DEBT (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Guarantees [Abstract]
Cash	$ 51.7	$ 4.1

ASSET RETIREMENT OBLIGATION (Na

ASSET RETIREMENT OBLIGATION (Narrative) (Details) - Measurement Input, Risk Free Interest Rate [Member]	Jun. 30, 2024
Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Credit adjusted risk-free rates used to discount reclamation Liabilities	0.069
Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Credit adjusted risk-free rates used to discount reclamation Liabilities	0.120

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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligation, at beginning of period	$ 30,981	$ 27,399	$ 30,359	$ 26,864
Accretion of discount	622	535	1,244	1,070
Total asset retirement obligation, at end of period	31,603	27,934	31,603	27,934	$ 30,359
Less current portion of asset retirement obligation	(282)	(300)	(282)	(300)
Long-term portion of asset retirement obligation	$ 31,321	$ 27,634	$ 31,321	$ 27,634	$ 30,077

REVENUE (Narrative) (Details)

REVENUE (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract with customer, liability	$ 2,857	$ 2,567	$ 2,303	$ 2,168	$ 2,274	$ 2,374
Contract liabilities, current	$ 1,300		$ 1,000

REVENUE (Contract Balances) (De

REVENUE (Contract Balances) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Beginning Balance	$ 2,567	$ 2,274	$ 2,303	$ 2,374
Additions	705	169	1,297	314
Recognized as revenue during period	(415)	(275)	(743)	(520)
Ending Balance	$ 2,857	$ 2,168	$ 2,857	$ 2,168

REVENUE (Disaggregation of Reve

REVENUE (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Potash [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	$ 24,098	$ 41,018	$ 56,410	$ 88,072
Trio [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	26,413	27,228	62,697	56,282
Water [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	2,572	4,142	4,741	6,889
Salt [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	3,444	3,324	6,792	6,539
Magnesium Chloride [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	932	1,667	1,351	2,804
Brine Water [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	2,750	2,114	5,460	4,018
Other [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	1,846	1,542	3,891	3,351
Mineral [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	62,055	81,035	141,342	167,955
Potash [Member] | Potash [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	24,138	41,106	56,550	88,261
Potash [Member] | Trio [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Potash [Member] | Water [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	100	0	180
Potash [Member] | Salt [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	3,335	3,278	6,479	6,321
Potash [Member] | Magnesium Chloride [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	932	1,667	1,351	2,804
Potash [Member] | Brine Water [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	1,584	1,113	3,167	2,195
Potash [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	45	0	63	0
Potash [Member] | Mineral [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	30,034	47,264	67,610	99,761
Trio [Member] | Potash [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Trio [Member] | Trio [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	26,413	27,228	62,697	56,282
Trio [Member] | Water [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	1,474	0	2,522
Trio [Member] | Salt [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	109	46	313	218
Trio [Member] | Magnesium Chloride [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Trio [Member] | Brine Water [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Trio [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Trio [Member] | Mineral [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	26,522	28,748	63,010	59,022
Oil Field Solutions [Member] | Potash [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Oil Field Solutions [Member] | Trio [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Oil Field Solutions [Member] | Water [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	2,572	2,568	4,741	4,187
Oil Field Solutions [Member] | Salt [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Oil Field Solutions [Member] | Magnesium Chloride [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Oil Field Solutions [Member] | Brine Water [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	1,166	1,001	2,293	1,823
Oil Field Solutions [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	1,801	1,542	3,828	3,351
Oil Field Solutions [Member] | Mineral [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	5,539	5,111	10,862	9,361
Intersegment Eliminations [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	(40)	(88)	(140)	(189)
Intersegment Eliminations [Member] | Trio [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Intersegment Eliminations [Member] | Water [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Intersegment Eliminations [Member] | Salt [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Intersegment Eliminations [Member] | Magnesium Chloride [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Intersegment Eliminations [Member] | Brine Water [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Intersegment Eliminations [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	0	0	0	0
Intersegment Eliminations [Member] | Mineral [Member]
Disaggregation of Revenue [Line Items]
Total consolidated sales	$ (40)	$ (88)	$ (140)	$ (189)

COMPENSATION PLANS (Narrative)

COMPENSATION PLANS (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended		3 Months Ended		6 Months Ended
	May 31, 2024	May 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Equity Incentive Compensation Plan [Abstract]
Shares available for issuance			800,000		800,000
Restricted Stock [Abstract]
Compensation expense			$ 1.2	$ 1.8	$ 2.6	$ 3.5
Unrecognized compensation expense			$ 6.3		$ 6.3
Weighted average period, unrecognized compensation expense					1 year 4 months 24 days
Directors [Member] | Restricted Stock [Member]
Restricted Stock [Abstract]
Shares granted	20,739	22,226
Period over which grants vest (in years)	1 year	1 year
Executive Officers And Other Key Employees | Restricted Stock [Member]
Restricted Stock [Abstract]
Shares granted					165,216	225,117
Period over which grants vest (in years)					3 years	3 years

COMPENSATION PLANS (Schedule of

COMPENSATION PLANS (Schedule of Outstanding Share Based Awards) (Details) shares in Thousands	Jun. 30, 2024 shares
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding, restricted stock	373
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding, options	273

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate	26.70%	32%	21.40%	30.20%

INCOME TAXES (Schedule of Provi

INCOME TAXES (Schedule of Provision of Income Taxes) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Current portion of income tax expense	$ 21	$ 8	$ 35	$ 134
Deferred portion of income tax (benefit) expense	(325)	2,015	(1,114)	3,676
Total income tax (benefit) expense	$ (304)	$ 2,023	$ (1,079)	$ 3,810

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) $ in Millions		6 Months Ended	12 Months Ended
	Mar. 17, 2022 acre ft	Jun. 30, 2024 USD ($)	Dec. 31, 2018 acre ft	Dec. 31, 2017 acre ft	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Security placed with the State of Utah and BLM		$ 27.1			$ 26.8
Long-term restricted cash deposits		0.5			0.5
Surety bonds issued by an insurer		26.6			26.3
Loss Contingencies [Line Items]
Contingency liabilities, current		2.5			$ 3.4
Contingency payments		$ 1.9
Water Rights [Member]
Loss Contingencies [Line Items]
Pecos Water Right volume per year | acre ft	20,000
Annual water volume that had not been forfeited | acre ft	5,800
Annual water volume that had not been abandoned | acre ft	150
Preliminary authorization of annual allowable water sales, volume, cancelled | acre ft			5,700	5,700

FAIR VALUE (Narrative) (Details

FAIR VALUE (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended
	Feb. 28, 2023	May 31, 2020	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Cash equivalents			$ 1,000		$ 1,000		$ 500
Debt Securities, Held-to-maturity, Maturity [Abstract]
Debt securities, held-to-maturity			$ 2,500		$ 2,500		$ 3,900
Debt securities, held-to-maturity, maturity period			1 year		1 year
Schedule of Equity Method Investments [Line Items]
Equity in (loss) earnings of unconsolidated entities			$ (116)	$ (1,059)	$ 33	$ (238)
Equity Investment Ovation [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage			16%		16%
Equity in (loss) earnings of unconsolidated entities			$ (100)	$ (1,100)		$ (200)
Equity Investment WDVGL [Member]
Equity Securities without Readily Determinable Fair Value [Line Items]
Equity securities without readily determinable fair value, acquired		$ 3,500
Equity securities without readily determinable fair value, cash received	$ 200

FAIR VALUE (Held-to-Maturity In

FAIR VALUE (Held-to-Maturity Investments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost, short-term	$ 2,464		$ 2,464		$ 2,970
Amortized cost, long-term					954
Gross unrealized gains, short-term	0		0		0
Gross unrealized gains, long-term					1
Gross unrealized losses, short-term	(12)		(12)		(22)
Gross unrealized losses, long-term					(4)
Fair value, short-term	2,452		2,452		2,948
Fair value, long-term					951
Fair value, total	2,500		2,500		3,900
Equity in (loss) earnings of unconsolidated entities	(116)	$ (1,059)	33	$ (238)
Equity Investment Ovation [Member]
Schedule of Held-to-maturity Securities [Line Items]
Equity in (loss) earnings of unconsolidated entities	(100)	$ (1,100)		$ (200)
Corporate Bonds
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost, short-term	496		496		991
Amortized cost, long-term					0
Gross unrealized gains, short-term	0		0		0
Gross unrealized gains, long-term					0
Gross unrealized losses, short-term	(2)		(2)		(9)
Gross unrealized losses, long-term					0
Fair value, short-term	494		494		982
Fair value, long-term					0
Government Bonds
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost, short-term	1,968		1,968		1,979
Amortized cost, long-term					954
Gross unrealized gains, short-term	0		0		0
Gross unrealized gains, long-term					1
Gross unrealized losses, short-term	(10)		(10)		(13)
Gross unrealized losses, long-term					(4)
Fair value, short-term	$ 1,958		$ 1,958		1,966
Fair value, long-term					$ 951

BUSINESS SEGMENTS (Narrative) (

BUSINESS SEGMENTS (Narrative) (Details)	6 Months Ended
	Jun. 30, 2024 segment
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, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Lower of cost or net realizable value inventory adjustments		$ 1,352	$ 0	$ 1,855	$ 0
Gross Margin		7,624	15,382	14,058	31,734
Depreciation, depletion and amortization expense	[1]	8,678	8,972	18,062	18,344
Operating Segments [Member] | Potash [Member]
Segment Reporting Information [Line Items]
Lower of cost or net realizable value inventory adjustments		1,352		1,855
Gross Margin		3,312	12,876	8,886	27,304
Depreciation, depletion and amortization expense	[1]	6,178	6,429	13,149	13,482
Operating Segments [Member] | Trio [Member]
Segment Reporting Information [Line Items]
Lower of cost or net realizable value inventory adjustments		0		0
Gross Margin		2,182	1,222	1,043	2,674
Depreciation, depletion and amortization expense	[1]	851	1,405	1,735	2,611
Operating Segments [Member] | Oil Field Solutions [Member]
Segment Reporting Information [Line Items]
Gross Margin		2,130	1,284	4,129	1,756
Depreciation, depletion and amortization expense	[1]	1,195	915	2,266	1,822
Corporate/Other [Member]
Segment Reporting Information [Line Items]
Lower of cost or net realizable value inventory adjustments		0
Gross Margin		0	0	0	0
Depreciation, depletion and amortization expense	[1]	454	223	912	429
Freight Costs [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		9,423	10,516	22,253	22,106
Freight Costs [Member] | Operating Segments [Member] | Potash [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		2,803	4,338	6,759	9,343
Freight Costs [Member] | Operating Segments [Member] | Trio [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		6,660	6,266	15,634	12,952
Freight Costs [Member] | Operating Segments [Member] | Oil Field Solutions [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		0	0	0	0
Freight Costs [Member] | Corporate/Other [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		(40)	(88)	(140)	(189)
Warehouse and Handling [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		2,586	2,801	5,675	5,534
Warehouse and Handling [Member] | Operating Segments [Member] | Potash [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		1,343	1,609	3,070	3,089
Warehouse and Handling [Member] | Operating Segments [Member] | Trio [Member]
Segment Reporting Information [Line Items]
Cost of Goods Sold		1,243	1,192	2,605	2,445
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		62,055	81,035	141,342	167,955
Cost of Goods Sold		41,070	52,336	97,501	108,581
Mineral [Member] | Potash [Member]
Segment Reporting Information [Line Items]
Sales		30,034	47,264	67,610	99,761
Mineral [Member] | Trio [Member]
Segment Reporting Information [Line Items]
Sales		26,522	28,748	63,010	59,022
Mineral [Member] | Oil Field Solutions [Member]
Segment Reporting Information [Line Items]
Sales		5,539	5,111	10,862	9,361
Mineral [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Sales		62,095	81,123	141,482	168,144
Mineral [Member] | Operating Segments [Member] | Potash [Member]
Segment Reporting Information [Line Items]
Sales		30,034	47,264	67,610	99,761
Cost of Goods Sold		21,224	28,441	47,040	60,025
Mineral [Member] | Operating Segments [Member] | Trio [Member]
Segment Reporting Information [Line Items]
Sales		26,522	28,748	63,010	59,022
Cost of Goods Sold		16,437	20,068	43,728	40,951
Mineral [Member] | Operating Segments [Member] | Oil Field Solutions [Member]
Segment Reporting Information [Line Items]
Sales		5,539	5,111	10,862	9,361
Cost of Goods Sold		3,409	3,827	6,733	7,605
Lower of cost or net realizable value inventory adjustments		0		0
Mineral [Member] | Corporate/Other [Member]
Segment Reporting Information [Line Items]
Sales		(40)	(88)	(140)	(189)
Cost of Goods Sold		$ 0	$ 0	$ 0	$ 0
[1] Depreciation, depletion, and amortization incurred for potash and Trio ®

BUSINESS SEGMENTS (Segment Reco

BUSINESS SEGMENTS (Segment Reconciliation) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Total gross margin for reportable segments	$ 7,624	$ 15,382	$ 14,058	$ 31,734
Selling and administrative	7,937	7,948	16,294	16,806
Impairment of long-lived assets	831	0	2,208	0
Loss (gain) on disposal of assets	241	(7)	492	193
Accretion of asset retirement obligation	622	535	1,244	1,070
Other operating income	(1,266)	(439)	(2,659)	(730)
Other operating expense	887	77	2,413	1,753
Equity in (earnings) loss of unconsolidated entities	116	1,059	(33)	238
Interest Expense	0	0	0	0
Interest income	(547)	(76)	(791)	(161)
Other non-operating income	(60)	(43)	(68)	(56)
(Loss) Income Before Income Taxes	(1,137)	6,328	(5,042)	12,621
Mineral [Member]
Segment Reporting Information [Line Items]
Total consolidated sales	62,055	81,035	141,342	167,955
Elimination of intersegment expenses	(41,070)	(52,336)	(97,501)	(108,581)
Operating Segments [Member] | Mineral [Member]
Segment Reporting Information [Line Items]
Total consolidated sales	62,095	81,123	141,482	168,144
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total consolidated sales	(40)	(88)	(140)	(189)
Elimination of intersegment expenses	40	88	140	189
Intersegment Eliminations [Member] | Mineral [Member]
Segment Reporting Information [Line Items]
Total consolidated sales	$ (40)	$ (88)	$ (140)	$ (189)