Document_And_Entity_Informatio
Document And Entity Information (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'HALLADOR ENERGY COMPANY | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | 28,618,150 | ' |
Entity Public Float | ' | $74,422,866 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000788965 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Consolidated_Balance_Sheet
Consolidated Balance Sheet (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $13,713 | $21,888 |
Accounts receivable | 9,904 | 8,127 |
Prepaid income taxes | 3,591 | ' |
Coal inventory | 4,086 | 2,342 |
Parts and supply inventory | 2,645 | 2,264 |
Other | 403 | 242 |
Total current assets | 34,342 | 34,863 |
Coal properties, at cost: | ' | ' |
Land and mineral rights | 23,315 | 22,705 |
Buildings and equipment | 144,304 | 131,566 |
Mine development | 81,998 | 71,046 |
249,617 | 225,317 | |
Less - accumulated DD&A | -72,418 | -58,479 |
177,199 | 166,838 | |
Investment in Savoy | 15,401 | 12,230 |
Investment in Sunrise Energy | 4,488 | 3,969 |
Other assets (Note 6) | 15,191 | 11,307 |
246,621 | 229,207 | |
Current liabilities: | ' | ' |
Accounts payable and accrued liabilities | 10,111 | 9,386 |
Income taxes | ' | 1,660 |
Total current liabilities | 10,111 | 11,046 |
Long-term liabilities: | ' | ' |
Bank debt | 11,400 | 11,400 |
Deferred income taxes | 40,778 | 35,884 |
Asset retirement obligations | 2,709 | 2,573 |
Other | 1,926 | 6,295 |
Total long-term liabilities | 56,813 | 56,152 |
Total liabilities | 66,924 | 67,198 |
Stockholders' equity: | ' | ' |
Preferred Stock, $.10 par value, 10,000 shares authorized; none issued | ' | ' |
Common stock, $.01 par value, 100,000 shares authorized; 28,618 and 28,529 shares outstanding, respectively | 286 | 285 |
Additional paid-in capital | 87,924 | 86,576 |
Retained earnings | 91,264 | 75,118 |
Accumulated other comprehensive income | 223 | 30 |
Total stockholders’ equity | 179,697 | 162,009 |
$246,621 | $229,207 |
Consolidated_Balance_Sheet_Par
Consolidated Balance Sheet (Parentheticals) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Per Share data, unless otherwise specified | ||
Preferred Stock, authorized | 10,000 | 10,000 |
Preferred Stock, issued | 0 | 0 |
Preferred Stock,par value (in Dollars per share) | $0.10 | $0.10 |
Common stock, authorized | 100,000 | 100,000 |
Common stock par value (in Dollars per share) | $0.01 | $0.01 |
Common stock, shares outstanding | 28,618 | 28,529 |
Consolidated_Statement_of_Comp
Consolidated Statement of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Revenue: | ' | ' | ' | ' | ||||
Coal sales | $34,985 | $36,152 | $103,129 | $98,259 | ||||
Equity income - Savoy | 2,048 | 501 | 4,495 | 2,999 | ||||
Equity income - Sunrise Energy | 172 | 17 | 519 | 49 | ||||
Liability extinguishment (Note 9) | ' | ' | 4,300 | ' | ||||
Other (Note 6) | 455 | 444 | 3,615 | 4,938 | ||||
37,660 | 37,114 | 116,058 | 106,245 | |||||
Costs and expenses: | ' | ' | ' | ' | ||||
Operating costs and expenses | 23,407 | 20,745 | 68,959 | 57,994 | ||||
DD&A | 4,772 | 4,145 | 13,982 | 11,895 | ||||
Coal exploration costs | 739 | 778 | 1,725 | 1,900 | ||||
SG&A | 1,936 | 1,947 | 5,586 | 5,607 | ||||
Interest | 308 | 229 | 1,131 | 757 | ||||
31,162 | 27,844 | 91,383 | 78,153 | |||||
Income before income taxes | 6,498 | 9,270 | 24,675 | 28,092 | ||||
Less income taxes: | ' | ' | ' | ' | ||||
Current | -609 | 1,731 | 1,297 | 5,607 | ||||
Deferred | 2,277 | 1,349 | 4,915 | 3,684 | ||||
1,668 | 3,080 | 6,212 | 9,291 | |||||
Net income (1) (2) | $4,830 | [1],[2] | $6,190 | [1],[2] | $18,463 | [1],[2] | $18,801 | [1],[2] |
Net income per share: | ' | ' | ' | ' | ||||
Basic (in Dollars per share) | $0.17 | $0.22 | $0.65 | $0.66 | ||||
Diluted (in Dollars per share) | $0.17 | $0.22 | $0.64 | $0.65 | ||||
Weighted average shares outstanding: | ' | ' | ' | ' | ||||
Basic (in Shares) | 28,607 | 28,324 | 28,580 | 28,316 | ||||
Diluted (in Shares) | 28,838 | 28,760 | 28,851 | 28,791 | ||||
[1] | (1) There is no material difference between net income and comprehensive income. | |||||||
[2] | (2) See MD&A - page 19, for pro-forma amounts excluding the $4.3 million in liability extinguishment. |
Consolidated_Statement_of_Cash
Consolidated Statement of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Operating activities: | ' | ' |
Cash provided by operating activities | $20,310 | $29,552 |
Investing activities: | ' | ' |
Capital expenditures for coal properties | -23,558 | -9,222 |
Ohio River Terminal | -2,866 | ' |
Purchase of marketable securities | ' | -1,291 |
Other | 256 | -423 |
Cash used in investing activities | -26,168 | -10,936 |
Financing activities: | ' | ' |
Payments to bank | ' | -7,500 |
Dividends | -2,317 | -18,721 |
Other | ' | 276 |
Cash used in financing activities | -2,317 | -25,945 |
Decrease in cash and cash equivalents | -8,175 | -7,329 |
Cash and cash equivalents, beginning of period | 21,888 | 37,542 |
Cash and cash equivalents, end of period | $13,713 | $30,213 |
Consolidated_Statement_of_Stoc
Consolidated Statement of Stockholders’ Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total | |
In Thousands | ||||||
Balance, January 1, 2013 at Dec. 31, 2012 | $285 | $86,576 | $75,118 | $30 | $162,009 | |
Balance, January 1, 2013 (in Shares) at Dec. 31, 2012 | 28,529 | ' | ' | ' | ' | |
Stock-based compensation | ' | 1,724 | ' | ' | 1,724 | |
Stock-based compensation (in Shares) | 13 | ' | ' | ' | ' | |
Other | 1 | -376 | ' | 193 | -182 | |
Other (in Shares) | 76 | ' | ' | ' | ' | |
Dividends | ' | ' | -2,317 | ' | -2,317 | |
Net income | ' | ' | 18,463 | ' | 18,463 | [1],[2] |
Balance, September 30, 2013 at Sep. 30, 2013 | $286 | $87,924 | $91,264 | $223 | $179,697 | |
Balance, September 30, 2013 (in Shares) at Sep. 30, 2013 | 28,618 | ' | ' | ' | ' | |
[1] | (1) There is no material difference between net income and comprehensive income. | |||||
[2] | (2) See MD&A - page 19, for pro-forma amounts excluding the $4.3 million in liability extinguishment. |
1_General_Business
(1) General Business | 9 Months Ended |
Sep. 30, 2013 | |
Disclosure Text Block [Abstract] | ' |
Business Description and Basis of Presentation [Text Block] | ' |
(1) General Business | |
The interim financial data is unaudited; however, in our opinion, it includes all adjustments, consisting only of normal recurring adjustments necessary for a fair statement of the results for the interim periods. The financial statements included herein have been prepared pursuant to the SEC’s rules and regulations; accordingly, certain information and footnote disclosures normally included in GAAP financial statements have been condensed or omitted. | |
The results of operations and cash flows for the nine months ended September 30, 2013 are not necessarily indicative of the results to be expected for future quarters or for the year ending December 31, 2013. To maintain consistency and comparability, certain 2012 amounts have been reclassified to conform to the 2013 presentation. | |
Our organization and business, the accounting policies we follow and other information, are contained in the notes to our consolidated financial statements filed as part of our 2012 Form 10-K. This quarterly report should be read in conjunction with such 10-K. | |
The consolidated financial statements include the accounts of Hallador Energy Company (the Company) and its wholly-owned subsidiary Sunrise Coal, LLC (Sunrise). All significant intercompany accounts and transactions have been eliminated. We are engaged in the production of steam coal from mines located in western Indiana. We own a 45% equity interest in Savoy Energy, L.P., a private oil and gas company which has operations in Michigan and a 50% interest in Sunrise Energy, LLC, a private entity engaged in natgas operations in the same vicinity as our coal mines. | |
2_Bill_and_Hold
(2) Bill and Hold | 9 Months Ended |
Sep. 30, 2013 | |
Policy Text Block [Abstract] | ' |
Revenue Recognition, Bill and Hold Arrangements [Policy Text Block] | ' |
(2) Bill and Hold | |
Early in 2012 two of our customers advised us that their coal stockpiles were increasing and asked us to consider storing their coal on our property. In April 2012 we entered into a storage agreement with one customer to store 250,000 tons for a minimum of one year and up to a maximum of two years. In June 2012 we entered into a similar storage agreement with the second customer. During the 2013 second quarter we increased the storage agreement by 50,000 tons for both customers. We continue to sell the coal as contracted to these customers. The risks and rewards of ownership pass from us to them as coal is placed into segregated storage. We are paid a nominal storage fee in addition to our contracted price at the time the coal is placed in storage. During the nine months ended September 30, 2013, 145,000 tons were placed in storage for the first customer and nil for the second customer. We have recognized $7.3 million in revenue from these “bill and hold” arrangements for the nine months ended September 30, 2013. No tons were placed in storage during the 2013 third quarter. As of September 30, 2013, we have in storage 300,000 tons for the first customer and 250,000 tons for the second. There were no changes in payment terms with our customers and, as of October 31, 2013, all receivables outstanding from these two customers at September 30, 2013 had been collected. | |
3_Bank_Debt
(3) Bank Debt | 9 Months Ended |
Sep. 30, 2013 | |
Debt Disclosure [Abstract] | ' |
Debt Disclosure [Text Block] | ' |
(3) Bank Debt | |
During October 2012, Sunrise, our wholly-owned subsidiary, entered into a new credit agreement (the “Credit Agreement”) with PNC Bank, as administrative agent, and the lenders named therein. The Credit Agreement replaces the previous credit agreement we had with PNC. Closing costs on this new facility were about $1.5 million which were deferred and are being amortized over five years. Outstanding debt at September 30, 2013 was $11.4 million. | |
The Credit Agreement provides for a $165 million senior secured revolving credit facility. The facility matures in five years. The facility is collateralized by substantially all of Sunrise’s assets and we are the guarantor. We will draw on the facility as needed for development of our new projects in Illinois and Indiana. | |
All borrowings under the Credit Agreement bear interest, at LIBOR plus 2% if the leverage ratio is less than 1.5X (which currently it is), LIBOR plus 2.5% if the leverage ratio is over 1.5 but less than 2X and at LIBOR plus 3% if the leverage ratio is over 2X. The maximum leverage ratio is 2.75X. The leverage ratio is equal to funded debt/EBITDA. The annual commitment fee is 50 BPS but falls to 37.5 BPS if we borrow more than 33% of the facility. The maximum that we can currently borrow is an additional $120 million due to our current covenants. The Credit Agreement also imposes certain other customary restrictions and covenants as well as certain milestones we must meet in order to draw down the full amount. | |
4_Investment_in_Savoy
(4) Investment in Savoy (Savoy Energy) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Savoy Energy | ' | ||||||||
(4) Investment in Savoy [Line Items] | ' | ||||||||
Equity Investment In SELLP | ' | ||||||||
(4) Investment in Savoy | |||||||||
We own a 45% interest in Savoy Energy, L.P., a private company engaged in the oil and gas business primarily in the state of Michigan. Savoy uses the successful efforts method of accounting. We account for our interest using the equity method of accounting. | |||||||||
Below (in thousands) to the 100% is a condensed balance sheet at September 30, 2013, and a condensed statement of operations for the nine months ended September 30, 2013 and 2012. | |||||||||
Condensed Balance Sheet | |||||||||
2013 | |||||||||
Current assets | $ | 25,651 | |||||||
Oil and gas properties, net | 24,156 | ||||||||
$ | 49,807 | ||||||||
Total liabilities | $ | 14,354 | |||||||
Partners' capital | 35,453 | ||||||||
$ | 49,807 | ||||||||
Condensed Statement of Operations | |||||||||
2013 | 2012 | ||||||||
Revenue | $ | 29,444 | $ | 24,585 | |||||
Expenses | (19,471 | ) | (17,931 | ) | |||||
Net income | $ | 9,973 | $ | 6,654 | |||||
5_Investment_in_Sunrise_Energy
(5) Investment in Sunrise Energy (Sunrise Energy) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Sunrise Energy | ' | ||||||||
(5) Investment in Sunrise Energy [Line Items] | ' | ||||||||
Equity Investment In SELLC | ' | ||||||||
(5) Investment in Sunrise Energy | |||||||||
We own a 50% interest in Sunrise Energy, LLC which owns gas reserves in gathering equipment with plans to develop and operate such reserves. Sunrise Energy also plans to develop and explore for coal-bed methane gas reserves on or near our underground coal reserves. They use the successful efforts method of accounting. We account for our interest using the equity method of accounting. | |||||||||
Below (in thousands) to the 100% is a condensed balance sheet at September 30, 2013, and a condensed statement of operations for the nine months ended September 30, 2013 and 2012. | |||||||||
Condensed Balance Sheet | |||||||||
2013 | |||||||||
Current assets | $ | 2,849 | |||||||
Oil and gas properties, net | 6,777 | ||||||||
$ | 9,626 | ||||||||
Total liabilities | $ | 661 | |||||||
Members' capital | 8,965 | ||||||||
$ | 9,626 | ||||||||
Condensed Statement of Operations | |||||||||
2013 | 2012 | ||||||||
Revenue | $ | 2,551 | $ | 1,671 | |||||
Expenses | (1,513 | ) | (1,573 | ) | |||||
Net income | $ | 1,038 | $ | 98 | |||||
6_Other_LongTerm_Assets_and_Ot
(6) Other Long-Term Assets and Other Income | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Investments and Other Noncurrent Assets [Text Block] | ' | ||||||||
(6) Other Long-Term Assets and Other Income | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Long-term assets: | |||||||||
Advance coal royalties | $ | 3,936 | $ | 3,324 | |||||
Deferred financing costs, net | 1,270 | 1,494 | |||||||
Marketable equity securities available for sale, at fair value (restricted)* | 3,601 | 3,548 | |||||||
Ohio River Terminal (see Note 8) | 2,881 | ||||||||
Miscellaneous | 3,503 | 2,941 | |||||||
$ | 15,191 | $ | 11,307 | ||||||
*Held by Sunrise Indemnity, Inc., our wholly-owned captive insurance company. | |||||||||
Nine months ended | |||||||||
September 30, | |||||||||
2013 | 2012 | ||||||||
Other income: | |||||||||
MSHA reimbursements* | $ | 2,053 | $ | 4,236 | |||||
Coal storage fees | 964 | 127 | |||||||
Miscellaneous | 598 | 575 | |||||||
$ | 3,615 | $ | 4,938 | ||||||
*See “MSHA Reimbursements” on page 13. | |||||||||
7_Self_Insurance
(7) Self Insurance | 9 Months Ended |
Sep. 30, 2013 | |
Self Insurance [Abstract] | ' |
Self Insurance | ' |
(7) Self Insurance | |
We continue to self-insure on about $110 million (historical cost) of our underground mining equipment. We feel comfortable with this decision as such equipment is allocated among four mining units spread over 12 miles. | |
8_Ohio_River_Terminal
(8) Ohio River Terminal | 9 Months Ended |
Sep. 30, 2013 | |
Ohio River Terminal [Abstract] | ' |
Ohio River Terminal [Text Block] | ' |
(8) Ohio River Terminal | |
On May 31, 2013 we purchased for $2.8 million a multi-commodity truck/barge terminal. Over 17 acres of secured area is available. The terminal is at mile point 743.8 on the Indiana bank of the Ohio River near the William Natcher Bridge between Rockport and Grandview, Indiana. Currently the dock will handle third party commodities. In the long term, we plan to ship coal through the dock. The terminal is in close proximity to the NS railroad, the CSX railroad and American Electric Power's Rockport generating power plant. We do not expect revenue from this asset until late 2014. | |
9_Liability_Extinguishment
(9) Liability Extinguishment | 9 Months Ended |
Sep. 30, 2013 | |
Schedule Extinguishment Debt Text [Abstract] | ' |
Schedule Extinguishment Debt Text | ' |
(9) Liability Extinguishment | |
During the 2013 second quarter we concluded that an approximate $4.3 million liability we recorded during 2006 upon the purchase of Sunrise relating to a terminated coal contract was no longer required. The amount had no effect on cash flows. | |
4_Investment_in_Savoy_Tables
(4) Investment in Savoy (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Equity Investment In SELLP [Abstract] | ' | ||||||||
Savoy Condensed Balance Sheet | ' | ||||||||
2013 | |||||||||
Current assets | $ | 25,651 | |||||||
Oil and gas properties, net | 24,156 | ||||||||
$ | 49,807 | ||||||||
Total liabilities | $ | 14,354 | |||||||
Partners' capital | 35,453 | ||||||||
$ | 49,807 | ||||||||
Savoy Condensed Statement of Operations | ' | ||||||||
2013 | 2012 | ||||||||
Revenue | $ | 29,444 | $ | 24,585 | |||||
Expenses | (19,471 | ) | (17,931 | ) | |||||
Net income | $ | 9,973 | $ | 6,654 |
5_Investment_in_Sunrise_Energy1
(5) Investment in Sunrise Energy (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Equity Investment In SELLC [Abstract] | ' | ||||||||
Sunrise Condensed Balance Sheet | ' | ||||||||
2013 | |||||||||
Current assets | $ | 2,849 | |||||||
Oil and gas properties, net | 6,777 | ||||||||
$ | 9,626 | ||||||||
Total liabilities | $ | 661 | |||||||
Members' capital | 8,965 | ||||||||
$ | 9,626 | ||||||||
Sunrise Condensed Statement of Operations | ' | ||||||||
2013 | 2012 | ||||||||
Revenue | $ | 2,551 | $ | 1,671 | |||||
Expenses | (1,513 | ) | (1,573 | ) | |||||
Net income | $ | 1,038 | $ | 98 | |||||
6_Other_LongTerm_Assets_and_Ot1
(6) Other Long-Term Assets and Other Income (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||
Schedule of Other Assets, Noncurrent [Table Text Block] | ' | ||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Long-term assets: | |||||||||
Advance coal royalties | $ | 3,936 | $ | 3,324 | |||||
Deferred financing costs, net | 1,270 | 1,494 | |||||||
Marketable equity securities available for sale, at fair value (restricted)* | 3,601 | 3,548 | |||||||
Ohio River Terminal (see Note 8) | 2,881 | ||||||||
Miscellaneous | 3,503 | 2,941 | |||||||
$ | 15,191 | $ | 11,307 | ||||||
Schedule of Other Nonoperating Income (Expense) [Table Text Block] | ' | ||||||||
Nine months ended | |||||||||
September 30, | |||||||||
2013 | 2012 | ||||||||
Other income: | |||||||||
MSHA reimbursements* | $ | 2,053 | $ | 4,236 | |||||
Coal storage fees | 964 | 127 | |||||||
Miscellaneous | 598 | 575 | |||||||
$ | 3,615 | $ | 4,938 | ||||||
1_General_Business_Details
(1) General Business (Details) | Sep. 30, 2013 | Dec. 31, 2010 |
Disclosure Text Block [Abstract] | ' | ' |
Equity Interest in Savoy Energy LP | 45.00% | ' |
Equity Method Investment, Ownership Percentage | 50.00% | 50.00% |
2_Bill_and_Hold_Details
(2) Bill and Hold (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 24 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 01, 2013 | Apr. 02, 2013 | Jun. 01, 2014 | Apr. 01, 2014 |
T | T | T | T | |||
Policy Text Block [Abstract] | ' | ' | ' | ' | ' | ' |
Tons of Coal Agreed to Store Per Customer | ' | ' | ' | ' | ' | 250,000 |
Tons of Coal Agreed to Store Per Customer - Second Customer | ' | ' | ' | ' | 250,000 | ' |
Minimum Storage Period | ' | ' | '1 year | '1 year | ' | ' |
Maximum Storage Period | ' | ' | ' | ' | '2 years | '2 years |
Increase Decrease In Coal In Storage | 50,000 | ' | ' | ' | ' | ' |
Increase Decrease In Coal Stored - First Customer | ' | 145,000 | ' | ' | ' | ' |
Revenue from Bill and Hold (in Dollars) | ' | $7.30 | ' | ' | ' | ' |
Tons of Coal Stored for First Customer at Reporting Date | ' | 300,000 | ' | ' | ' | ' |
Tons of Coal Stored for Second Customer at Reporting Date | ' | 250,000 | ' | ' | ' | ' |
3_Bank_Debt_Details
(3) Bank Debt (Details) (USD $) | 60 Months Ended | ||
In Millions, unless otherwise specified | Oct. 17, 2017 | Oct. 17, 2017 | Sep. 30, 2013 |
Debt Disclosure [Abstract] | ' | ' | ' |
Amortization of Deferred Loan Origination Fees, Net (in Dollars) | ' | $1.50 | ' |
Line of Credit Facility, Amount Outstanding (in Dollars) | ' | ' | 11.4 |
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars) | 165 | 165 | ' |
Leverage Ration Hurdle | 2.00% | ' | ' |
Leverage Ratio LT 1.5 | 1.5 | ' | ' |
LIBOR plus rate if Ratio LT 1.5 | 2.50% | ' | ' |
Leverage Ratio 1.5-2 | 2 | ' | ' |
LIBOR plus rate if Ratio 1.5 - 2 | 3.00% | ' | ' |
Leverage Ratio GT 2 | 2 | ' | ' |
Maximum Leverage Ratio | 2.75% | ' | ' |
Line of Credit Commitment Fee Basis Points | 50 | ' | ' |
Line of Credit Commitment Fee Basis Point Minimum | 37.5 | ' | ' |
LOC Percentage Borrowed for Lower Commitment fee | 33.00% | ' | ' |
Line of Credit Facility, Remaining Borrowing Capacity (in Dollars) | ' | ' | $120 |
4_Investment_in_Savoy_Details
(4) Investment in Savoy (Details) | Sep. 30, 2013 |
Equity Investment In SELLP [Abstract] | ' |
Equity Interest in Savoy Energy LP | 45.00% |
Percentage of condensed balance sheet - Savoy Energy | 100.00% |
4_Investment_in_Savoy_Details_
(4) Investment in Savoy (Details) - Condensed Balance Sheet (Equity Investment in Savoy, USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Equity Investment in Savoy | ' |
(4) Investment in Savoy (Details) - Condensed Balance Sheet [Line Items] | ' |
Current assets | $25,651 |
Oil and gas properties, net | 24,156 |
49,807 | |
Total liabilities | 14,354 |
Partners' capital | 35,453 |
$49,807 |
4_Investment_in_Savoy_Details_1
(4) Investment in Savoy (Details) - Condensed Statement of Operations (Equity Investment in Savoy, USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Equity Investment in Savoy | ' | ' |
(4) Investment in Savoy (Details) - Condensed Statement of Operations [Line Items] | ' | ' |
Revenue | $29,444 | $24,585 |
Expenses | -19,471 | -17,931 |
Net income | $9,973 | $6,654 |
5_Investment_in_Sunrise_Energy2
(5) Investment in Sunrise Energy (Details) | Sep. 30, 2013 | Dec. 31, 2010 |
Equity Investment In SELLC [Abstract] | ' | ' |
Equity Method Investment, Ownership Percentage | 50.00% | 50.00% |
Percentage Condensed Balance Sheet Sunrise Energy | 100.00% | ' |
5_Investment_in_Sunrise_Energy3
(5) Investment in Sunrise Energy (Details) - Condensed Balance Sheet (Sunrise Energy, USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Sunrise Energy | ' |
(5) Investment in Sunrise Energy (Details) - Condensed Balance Sheet [Line Items] | ' |
Current assets | $2,849 |
Oil and gas properties, net | 6,777 |
9,626 | |
Total liabilities | 661 |
Members' capital | 8,965 |
$9,626 |
5_Investment_in_Sunrise_Energy4
(5) Investment in Sunrise Energy (Details) - Condensed Statement of Operations (Sunrise Energy, USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Sunrise Energy | ' | ' |
(5) Investment in Sunrise Energy (Details) - Condensed Statement of Operations [Line Items] | ' | ' |
Revenue | $2,551 | $1,671 |
Expenses | -1,513 | -1,573 |
Net income | $1,038 | $98 |
6_Other_LongTerm_Assets_and_Ot2
(6) Other Long-Term Assets and Other Income (Details) - Other Long-Term Assets (USD $) | Sep. 30, 2013 | 31-May-13 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | |||||
Long-term assets: | ' | ' | ' | ||
Advance coal royalties | $3,936 | ' | $3,324 | ||
Deferred financing costs, net | 1,270 | ' | 1,494 | ||
Marketable equity securities available for sale, at fair value (restricted)* | 3,601 | [1] | ' | 3,548 | [1] |
Ohio River Terminal (see Note 8) | 2,881 | 2,800 | ' | ||
Miscellaneous | 3,503 | ' | 2,941 | ||
$15,191 | ' | $11,307 | |||
[1] | *Held by Sunrise Indemnity, Inc., our wholly-owned captive insurance company. |
6_Other_LongTerm_Assets_and_Ot3
(6) Other Long-Term Assets and Other Income (Details) - Other Long-Term Income (USD $) | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | ||
Other income: | ' | ' | ||
MSHA reimbursements* | $2,053 | [1] | $4,236 | [1] |
Coal storage fees | 964 | 127 | ||
Miscellaneous | 598 | 575 | ||
$3,615 | $4,938 | |||
[1] | *See "MSHA Reimbursements" on page 13. |
7_Self_Insurance_Details
(7) Self Insurance (Details) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Self Insurance [Abstract] | ' |
Mining equipment at historical cost (in Dollars) | $110 |
Number of Mining Units | 4 |
Georgraphic Spread of Mining Units | 12 |
8_Ohio_River_Terminal_Details
(8) Ohio River Terminal (Details) (USD $) | Sep. 30, 2013 | 31-May-13 |
In Thousands, unless otherwise specified | acre | |
mi | ||
Ohio River Terminal [Abstract] | ' | ' |
Real Estate Investment Property, at Cost (in Dollars) | $2,881 | $2,800 |
Area of Real Estate Property (in Acres) | ' | 17 |
Ohio River Terminal Mile Point Location | ' | 743.8 |
9_Liability_Extinguishment_Det
(9) Liability Extinguishment (Details) (USD $) | 3 Months Ended | 9 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Sep. 30, 2013 |
Schedule Extinguishment Debt Text [Abstract] | ' | ' |
Extinguishment of Debt, Amount | $4,300 | ($4,300) |