NACCO Industries (NC) 10-Q 1 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 28, 2016
Entity Information [Line Items]
Entity Registrant Name	NACCO INDUSTRIES INC
Entity Central Index Key	789,933
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false
Shares Outstanding Class A
Entity Information [Line Items]
Shares Outstanding (in shares)		5,205,493
Shares Outstanding Class B
Entity Information [Line Items]
Shares Outstanding (in shares)		1,571,015

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
ASSETS
Cash and cash equivalents	$ 44,266	$ 52,499	$ 11,847
Accounts receivable, net	97,613	111,020	118,097
Accounts receivable from affiliates	7,360	3,085	2,793
Inventories, net	201,309	165,016	234,214
Assets held for sale	5,005	17,497	1,319
Prepaid expenses and other	28,696	12,317	19,999
Total current assets	384,249	361,434	388,269
Property, plant and equipment, net	124,626	132,539	151,767
Goodwill	6,253	6,253	6,253
Other Intangibles, net	53,871	56,843	57,650
Deferred income taxes	23,812	42,013	39,008
Other non-current assets	71,299	56,326	59,770
Total assets	664,110	655,408	702,717
LIABILITIES AND EQUITY
Accounts payable	157,253	100,300	161,040
Revolving credit agreements of subsidiaries - not guaranteed by the parent company	5,250	8,365	13,858
Current maturities of long-term debt of subsidiaries - not guaranteed by the parent company	1,532	1,504	1,495
Accrued payroll	24,292	40,854	34,336
Accrued cooperative advertising	10,619	10,676	7,716
Other current liabilities	30,560	30,047	37,554
Total current liabilities	229,506	191,746	255,999
Long-term debt of subsidiaries - not guaranteed by the parent company	130,524	160,113	158,650
Asset retirement obligations	41,965	39,780	40,453
Pension and other postretirement obligations	12,361	10,046	9,711
Other long-term liabilities	53,446	52,585	53,160
Total liabilities	467,802	454,270	517,973
Common stock:
Retained earnings	214,666	217,745	200,853
Accumulated other comprehensive loss	(25,134)	(23,444)	(22,958)
Total stockholders' equity	196,308	201,138	184,744
Total liabilities and equity	664,110	655,408	702,717
Shares Outstanding Class A
Common stock:
Common stock	5,205	5,265	5,277
Shares Outstanding Class B
Common stock:
Common stock	$ 1,571	$ 1,572	$ 1,572

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parenthetical)	Sep. 30, 2016$ / sharesshares	Dec. 31, 2015$ / sharesshares	Sep. 30, 2015$ / sharesshares
Shares Outstanding Class A
Common stock, par value (in dollars per share) | $ / shares	$ 1	$ 1	$ 1
Common stock, shares outstanding (in shares) | shares	5,205,293	5,265,446	5,276,963
Shares Outstanding Class B
Common stock, par value (in dollars per share) | $ / shares	$ 1	$ 1	$ 1
Common stock, convertible conversion ratio	1	1	1
Common stock, shares outstanding (in shares) | shares	1,571,215	1,571,727	1,572,027

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Revenues	$ 220,792	$ 239,107	$ 572,220	$ 629,341
Cost of sales	169,084	196,892	439,978	513,556
Gross profit	51,708	42,215	132,242	115,785
Earnings of unconsolidated mines	15,102	12,234	40,785	36,863
Operating expenses
Selling, general and administrative expenses	47,504	47,551	141,291	139,186
Centennial asset impairment charge		0	17,443	0
Amortization of intangible assets	1,164	1,138	2,972	3,173
Operating expenses	66,111	48,689	161,706	142,359
Operating profit	699	5,760	11,321	10,289
Other (income) expense
Interest expense	1,322	1,597	4,297	5,383
Income from other unconsolidated affiliates	(307)	(264)	(913)	(1,736)
Closed mine obligations	223	244	948	1,071
Other, net, including interest income	447	908	2,517	1,220
Other (income) expense	1,685	2,485	6,849	5,938
Income (loss) before income tax provision (benefit)	(986)	3,275	4,472	4,351
Income tax provision (benefit)	(544)	134	(1,004)	458
Net income (loss)	$ (442)	$ 3,141	$ 5,476	$ 3,893
Earnings Per Share [Abstract]
Basic earnings (loss) per share (in dollars per share)	$ (0.07)	$ 0.45	$ 0.80	$ 0.55
Diluted earnings (loss) per share (in dollars per share)	(0.07)	0.45	0.80	0.55
Dividends per share (in dollars per share)	$ 0.2675	$ 0.2625	$ 0.7975	$ 0.7825
Basic weighted average shares outstanding (in shares)	6,786	6,924	6,831	7,051
Diluted weighted average shares outstanding (in shares)	6,786	6,935	6,858	7,065

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (442)	$ 3,141	$ 5,476	$ 3,893
Foreign currency translation adjustment	(517)	(1,190)	(1,335)	(2,352)
Deferred gain (loss) on available for sale securities	134	(229)	298	(205)
Current period cash flow hedging activity, net of $169 tax expense and $819 tax benefit in the three and nine months ended September 30, 2016, respectively, and $304 and $674 tax benefit in the three and nine months ended September 30, 2015, respectively.	340	(558)	(1,541)	(1,216)
Reclassification of hedging activities into earnings, net of $149 and $254 tax benefit in the three and nine months ended September 30, 2016 and $41 and $178 tax benefit in the three and nine months ended September 30, 2015, respectively.	312	89	420	363
Reclassification of pension and postretirement adjustments into earnings, net of $88 and $271 tax benefit in the three and nine months ended September 30, 2016 and net of $97 and $300 tax benefit in the three and nine months ended September 30, 2015, respectively.	166	216	468	641
Total other comprehensive income (loss)	435	(1,672)	(1,690)	(2,769)
Comprehensive income (loss)	$ (7)	$ 1,469	$ 3,786	$ 1,124

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Current period cash flow hedging activity, tax expense (benefit)	$ 169	$ (304)	$ (819)	$ (674)
Reclassification of hedging activities into earnings, tax benefit (expense)	(149)	(41)	(254)	(178)
Reclassification of pension and postretirement adjustments into earnings, tax benefit (expense)	$ (88)	$ (97)	$ (271)	$ (300)

Unaudited Condensed Consolidat7

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating activities
Net income (loss)	$ 5,476	$ 3,893
Adjustments to reconcile from net income to net cash provided by operating activities:
Depreciation, depletion and amortization	13,923	17,337
Amortization of deferred financing fees	448	946
Deferred income taxes	18,201	(4,636)
Centennial asset impairment charge	17,443	0
Other	(1,651)	(533)
Working capital changes:
Accounts receivable	9,160	59,757
Inventories	(39,065)	(43,832)
Other current assets	930	2,056
Accounts payable	55,187	29,056
Income taxes receivable/payable	(20,911)	(8,506)
Other current liabilities	(12,983)	4,276
Net cash provided by operating activities	46,158	59,814
Investing activities
Expenditures for property, plant and equipment	(11,689)	(7,484)
Proceeds from the sale of property, plant, and equipment	4,347	1,843
Other	(2,587)	(683)
Net cash used for investing activities	(9,929)	(6,324)
Financing activities
Additions to long-term debt	0	2,547
Reductions of long-term debt	(29,560)	(2,300)
Net reductions to revolving credit agreements	(3,115)	(74,143)
Cash dividends paid	(5,450)	(5,502)
Purchase of treasury shares	(6,044)	(23,248)
Other	(189)	(78)
Net cash used for financing activities	(44,358)	(102,724)
Effect of exchange rate changes on cash	(104)	(54)
Cash and cash equivalents
Decrease for the period	(8,233)	(49,288)
Balance at the beginning of the period	52,499	61,135
Balance at the end of the period	$ 44,266	$ 11,847

Unaudited Condensed Consolidat8

Unaudited Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Total Stockholders' Equity	Common StockShares Outstanding Class A	Common StockShares Outstanding Class B	Capital in Excess of Par Value	Retained Earnings	Foreign Currency Translation Adjustment	Deferred Gain (Loss) on Available for Sale Securities	Deferred Gain (Loss) on Cash Flow Hedging	Pension and Postretirement Plan Adjustment
Balance, beginning of period at Dec. 31, 2014		$ 211,474	$ 5,662	$ 1,573	$ 0	$ 224,428	$ (2,699)	$ 1,463	$ 56	$ (19,009)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		896	40		856
Purchase of treasury shares		(23,248)	(426)		(856)	(21,966)
Conversion of Class B to Class A shares			1	(1)
Net income (loss)	$ 3,893	3,893				3,893
Cash dividends on Class A and Class B common stock		(5,502)				(5,502)
Current period other comprehensive income (loss)		(3,773)					(2,352)	(205)	(1,216)
Reclassification adjustment to net income		1,004							363	641
Balance, end of period at Sep. 30, 2015		184,744	5,277	1,572	0	200,853	(5,051)	1,258	(797)	(18,368)
Balance, beginning of period at Dec. 31, 2015		201,138	5,265	1,572	0	217,745	(5,455)	1,480	(112)	(19,357)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		2,878	48		2,830
Purchase of treasury shares		(6,044)	(109)		(2,830)	(3,105)
Conversion of Class B to Class A shares			1	(1)
Net income (loss)	$ 5,476	5,476				5,476
Cash dividends on Class A and Class B common stock		(5,450)				(5,450)
Current period other comprehensive income (loss)		(2,578)					(1,335)	298	(1,541)
Reclassification adjustment to net income		888							420	468
Balance, end of period at Sep. 30, 2016		$ 196,308	$ 5,205	$ 1,571	$ 0	$ 214,666	$ (6,790)	$ 1,778	$ (1,233)	$ (18,889)

Unaudited Condensed Consolidat9

Unaudited Condensed Consolidated Statements of Changes in Equity (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Statement of Stockholders' Equity [Abstract]
Cash dividends on common stock (in dollars per share)	$ 0.7975	$ 0.7825

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Unaudited Condensed Consolidated Financial Statements include the accounts of NACCO Industries, Inc. (the “parent company” or “NACCO”) and its wholly owned subsidiaries (collectively, “NACCO Industries, Inc. and Subsidiaries” or the “Company”). Intercompany accounts and transactions are eliminated in consolidation. The Company's subsidiaries operate in the following principal industries: mining, small appliances and specialty retail. The Company manages its subsidiaries primarily by industry. The North American Coal Corporation and its affiliated companies (collectively, “NACoal”) mine coal primarily for use in power generation and provide selected value-added mining services for other natural resources companies. Hamilton Beach Brands, Inc. (“HBB”) is a leading designer, marketer and distributor of small electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels. The Kitchen Collection, LLC (“KC”) is a national specialty retailer of kitchenware in outlet and traditional malls throughout the United States. These financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position of the Company at September 30, 2016 and the results of its operations, comprehensive income (loss), cash flows and changes in equity for the nine months ended September 30, 2016 and 2015 have been included. These Unaudited Condensed Consolidated Financial Statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 . The balance sheet at December 31, 2015 has been derived from the audited financial statements at that date but does not include all of the information or notes required by U.S. GAAP for complete financial statements. Operating results for the three and nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the remainder of the year ending December 31, 2016 . The HBB and KC businesses are seasonal and a majority of revenues and operating profit typically occurs in the second half of the calendar year when sales of small electric household appliances to retailers and consumers increase significantly for the fall holiday-selling season. For further information regarding seasonality of these businesses, refer to the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 . Certain amounts in the prior periods' Unaudited Condensed Consolidated Financial Statements have been reclassified to conform to the current period's presentation.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	9 Months Ended
	Sep. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards Accounting Standards Adopted in 2016 In April 2015, the FASB issued ASU No. 2015-03, "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs," which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015, and interim periods within fiscal years beginning after December 15, 2016. Early application is permitted. In August 2015, the FASB issued ASU 2015-15, "Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting (SEC Update)." ASU 2015-15 amends Subtopic 835-30 to include that the SEC would not object to the deferral and presentation of debt issuance costs as an asset and subsequent amortization of debt issuance costs over the term of the line-of-credit arrangement, whether or not there are any outstanding borrowings on the line-of-credit arrangement. This guidance is effective for fiscal years (and interim reporting periods within fiscal years) beginning after December 15, 2015. The adoption of this guidance did not have a material effect on the Company's financial position, results of operations, cash flows or related disclosures. In July 2015, the FASB issued ASU No. 2015-11, "Inventory - Simplifying the Measurement of Inventory," which requires that inventory be measured at lower of cost or net realizable value. ASU 2015-11 is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The adoption of this guidance did not have a material effect on the Company's financial position, results of operations, cash flows and related disclosures. Accounting Standards Not Yet Adopted In May 2014, the FASB codified in ASC 606, "Revenue Recognition - Revenue from Contracts with Customers," which supersedes most current revenue recognition guidance, including industry-specific guidance, and requires an entity to recognize revenue in an amount that reflects the consideration to which the entity expects to be entitled in exchange for transferring goods or services to customers and provide additional disclosures. As amended, the effective date for public entities is annual reporting periods beginning after December 15, 2017 and interim periods therein. Early adoption is not permitted before the first quarter of fiscal year 2017. As such, the Company will be required to adopt the standard in the first quarter of fiscal year 2018. ASC 606 may be adopted either using a full retrospective approach, in which the standard is applied to all of the periods presented, or a modified retrospective approach. The Company has developed a project plan to evaluate how ASC 606 will affect the Company's financial position, results of operations, cash flows and related disclosures. The Company is currently evaluating which transition method to use. In January 2016, the FASB issued ASU No. 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities," which modifies how entities measure equity investments and present changes in the fair value of financial liabilities; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; changes presentation and disclosure requirements; and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is evaluating the impact that this new guidance will have on the Company’s financial position, results of operations, cash flows and related disclosures. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)," which requires an entity to recognize assets and liabilities for the rights and obligations created by leased assets. ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. The Company is currently evaluating how and to what extent ASU 2016-02 will affect the Company's financial position, results of operations, cash flows and related disclosures.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are summarized as follows: SEPTEMBER 30 DECEMBER 31 SEPTEMBER 30 Coal - NACoal $ 12,951 $ 16,652 $ 20,565 Mining supplies - NACoal 16,824 21,755 21,083 Total inventories at weighted average cost 29,775 38,407 41,648 Sourced inventories - HBB 133,396 97,511 151,663 Retail inventories - KC 38,138 29,098 40,903 Total inventories at FIFO 171,534 126,609 192,566 $ 201,309 $ 165,016 $ 234,214

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Stock Repurchase Program: On May 10, 2016, the Company's Board of Directors approved a stock repurchase program (the "2016 Stock Repurchase Program") providing for the purchase of up to $50 million of the Company's Class A Common Stock outstanding through December 31, 2017. The Company’s previous $60 million stock repurchase program, announced in December 2013, was completed in October 2015. The timing and amount of any repurchases under the 2016 Stock Repurchase Program are determined at the discretion of the Company's management based on a number of factors, including the availability of capital, other capital allocation alternatives and market conditions for the Company's Class A Common Stock. The 2016 Stock Repurchase Program does not require the Company to acquire any specific number of shares. It may be modified, suspended, extended or terminated by the Company at any time without prior notice and may be executed through open market purchases, privately negotiated transactions or otherwise. All or part of the repurchases under the 2016 Stock Repurchase Program may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when the Company might otherwise be prevented from doing so. During the three months ended September 30, 2016 and September 30, 2015, the Company repurchased 38,766 and 134,186 shares of Class A Common Stock for an aggregate purchase price of $2.2 million and $7.2 million at a weighted average purchase price of $57.20 and $53.95 per share, respectively. During the nine months ended September 30, 2016 and September 30, 2015, the Company repurchased 109,261 and 426,909 shares of Class A Common Stock for an aggregate purchase price of $6.0 million and $23.2 million at a weighted average purchase price of $55.32 and $54.46 per share, respectively. Amounts Reclassified out of Accumulated Other Comprehensive Income (Loss): The following table summarizes the amounts reclassified out of Accumulated other comprehensive income (loss) ("AOCI") and recognized in the Unaudited Condensed Consolidated Statements of Operations: Amount Reclassified from AOCI THREE MONTHS ENDED NINE MONTHS ENDED September 30 September 30 Details about AOCI Components 2016 2015 2016 2015 Location of (gain) loss reclassified from AOCI into income (loss) (Gain) loss on cash flow hedging Foreign exchange contracts $ 187 $ (240 ) $ (179 ) $ (560 ) Cost of sales Interest rate contracts 274 370 853 1,101 Interest expense 461 130 674 541 Total before income tax benefit (149 ) (41 ) (254 ) (178 ) Income tax benefit $ 312 $ 89 $ 420 $ 363 Net of tax Pension and postretirement plan Actuarial loss $ 265 $ 326 $ 774 $ 983 (a) Prior-service credit (11 ) (13 ) (35 ) (42 ) (a) 254 313 739 941 Total before income tax benefit (88 ) (97 ) (271 ) (300 ) Income tax benefit $ 166 $ 216 $ 468 $ 641 Net of tax Total reclassifications for the period $ 478 $ 305 $ 888 $ 1,004 Net of tax (a) These AOCI components are included in the computation of pension and postretirement health care (income) expense. See Note 10 for further information.

Fair Value Disclosure

Fair Value Disclosure	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosure	Fair Value Disclosure Recurring Fair Value Measurements : The following table presents the Company's assets and liabilities accounted for at fair value on a recurring basis: Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Description Date (Level 1) (Level 2) (Level 3) September 30, 2016 Assets: Available for sale securities $ 7,705 $ 7,705 $ — $ — Foreign currency exchange contracts 15 15 — — $ 7,720 $ 7,720 $ — $ — Liabilities: Interest rate swap agreements $ 1,814 $ — $ 1,814 $ — $ 1,814 $ — $ 1,814 $ — December 31, 2015 Assets: Available for sale securities $ 7,247 $ 7,247 $ — $ — Interest rate swap agreements 3 — 3 — Foreign currency exchange contracts 386 — 386 — $ 7,636 $ 7,247 $ 389 $ — Liabilities: Interest rate swap agreements $ 698 $ — $ 698 $ — $ 698 $ — $ 698 $ — September 30, 2015 Assets: Available for sale securities $ 6,905 $ 6,905 $ — $ — Foreign currency exchange contracts 364 — 364 — $ 7,269 $ 6,905 $ 364 $ — Liabilities: Interest rate swap agreements $ 1,804 $ — $ 1,804 $ — $ 1,804 $ — $ 1,804 $ — Bellaire Corporation (“Bellaire”) is a non-operating subsidiary of the Company with legacy liabilities relating to closed mining operations, primarily former Eastern U.S. underground coal mining operations. In connection with Bellaire's normal permit renewal with the Pennsylvania Department of Environmental Protection ("DEP"), Bellaire established a $5.0 million mine water treatment trust (the "Mine Water Treatment Trust") to provide a financial assurance mechanism for the long-term treatment of post-mining discharges. Bellaire's Mine Water Treatment Trust invests in available-for-sale securities that are reported at fair value based upon quoted market prices in active markets for identical assets; therefore, they are classified as Level 1 within the fair value hierarchy. The Company uses significant other observable inputs to value derivative instruments used to hedge foreign currency and interest rate risk; therefore, they are classified within Level 2 of the valuation hierarchy. The fair value for these contracts is determined based on exchange rates and interest rates, respectively. There were no transfers into or out of Levels 1, 2 or 3 during the three and nine months ended September 30, 2016 and 2015 . Nonrecurring Fair Value Measurements: Centennial Natural Resources ("Centennial") ceased coal production in the fourth quarter of 2015 and the Company began actively marketing Centennial's mine machinery and equipment. The Company classified these assets as held for sale during the fourth quarter of 2015 when management approved and committed to a formal plan of sale. The coal land and real estate did not meet the held-for-sale criteria and remained within property, plant and equipment as a long-lived asset. As a result of various unfavorable conditions, including but not limited to weakness in the U.S. and global coal markets and certain asset-specific factors, the Company determined the carrying value of Centennial's coal land and real estate were not recoverable. The Company also conducted a review of the carrying value of Centennial's mine machinery and equipment classified as assets held for sale. The fair values of these assets were calculated using a combination of a market and income approach and reduced the carrying value of coal land and real estate to zero and assets held for sale to approximately $5.0 million . The Company recognized an aggregate impairment charge of $17.4 million during the third quarter of 2016. The asset impairment charge was recorded as "Centennial asset impairment charge" in the Unaudited Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2016 and relates exclusively to the NACoal segment. Other Fair Value Measurement Disclosures: The carrying amounts of cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term nature of these instruments. Revolving credit agreements and long-term debt are recorded at carrying value in the Unaudited Condensed Consolidated Balance Sheets. The fair values of revolving credit agreements and long-term debt, excluding capital leases, were determined using current rates offered for similar obligations taking into account subsidiary credit risk, which is Level 2 as defined in the fair value hierarchy. At September 30, 2016 , December 31, 2015 and September 30, 2015 , both the fair value and the book value of the Company's revolving credit agreements and long-term debt, excluding capital leases, was $128.3 million , $159.8 million and $163.5 million , respectively.

Unconsolidated Subsidiaries

Unconsolidated Subsidiaries	9 Months Ended
	Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]
Unconsolidated Subsidiaries	Unconsolidated Subsidiaries NACoal has two consolidated mining operations: Mississippi Lignite Mining Company (“MLMC”) and Centennial. Centennial ceased coal production in the fourth quarter of 2015 but wind-down and reclamation activities are continuing. In addition, NACoal provides dragline mining services for independently owned limerock quarries in Florida. NACoal also has the following wholly owned unconsolidated subsidiaries that each meet the definition of a variable interest entity and are accounted for using the equity method: Bisti Fuels Company, LLC ("Bisti") Caddo Creek Resources Company, LLC (“Caddo Creek”) Camino Real Fuels, LLC (“Camino Real”) The Coteau Properties Company ("Coteau") Coyote Creek Mining Company, LLC (“Coyote Creek”) Demery Resources Company, LLC (“Demery”) The Falkirk Mining Company ("Falkirk") Liberty Fuels Company, LLC (“Liberty”) NoDak Energy Services, LLC ("NoDak") The Sabine Mining Company ("Sabine") The unconsolidated subsidiaries, with the exception of NoDak (collectively, the "Unconsolidated Mines"), were formed to develop, construct and/or operate surface coal mines under long-term contracts and are capitalized primarily with debt financing provided by or supported by their respective customers, and without recourse to NACCO and NACoal. The contracts with the customers of the unconsolidated subsidiaries provide for reimbursement to the company at a price based on actual costs plus an agreed upon pre-tax profit per ton of coal sold, actual costs plus an agreed upon fee per btu of heating value delivered or actual costs plus a management fee. The fees earned at each mine adjust over time in line with various indices which reflect general inflation rates. Although NACoal owns 100% of the equity and manages the daily operations of these entities, the Company has determined that the equity capital provided by NACoal is not sufficient to adequately finance the ongoing activities or absorb any expected losses without additional support from the customers. The customers have a controlling financial interest and have the power to direct the activities that most significantly affect the economic performance of the entities. As a result, NACoal is not the primary beneficiary and, therefore, does not consolidate these entities' financial positions or results of operations. The income taxes resulting from the operations of the Unconsolidated Mines are solely the responsibility of the Company. The pre-tax income from the Unconsolidated Mines is reported on the line “Earnings of unconsolidated mines” in the Unaudited Condensed Consolidated Statements of Operations, with related income taxes included in the provision for income taxes. The Company has included the pre-tax earnings of the Unconsolidated Mines above operating profit because they are an integral component of the Company's business and operating results. The pre-tax income from NoDak is reported on the line "(Income) loss from other unconsolidated affiliates" in the "Other (income) expense" section of the Unaudited Condensed Consolidated Statements of Operations, with the related income taxes included in the provision for income taxes. Coteau, Falkirk, Sabine, Liberty and Coyote Creek supply lignite coal for power generation. Demery and Caddo Creek supply lignite coal for the production of activated carbon. Camino Real supplies and Bisti will supply sub- bituminous coal for power generation. NoDak operates and maintains a coal processing facility. The investments in the Unconsolidated Mines and related tax positions totaled $34.0 million , $24.6 million and $25.9 million at September 30, 2016 , December 31, 2015 and September 30, 2015 , respectively. These amounts are included on the line “Other non-current assets” in the Unaudited Condensed Consolidated Balance Sheets. The Company's maximum risk of loss relating to these entities is limited to its invested capital, which was $5.3 million , $4.0 million and $3.9 million at September 30, 2016 , December 31, 2015 , and September 30, 2015 , respectively, and a $2.5 million loan receivable from Navajo Transitional Energy Company, LLC, which is Bisti's customer, at September 30, 2016 . The loan receivable is included in "Other non-current assets." NACoal is a party to certain guarantees related to Coyote Creek. Under certain circumstances of default or termination of Coyote Creek’s Lignite Sales Agreement (“LSA”), NACoal would be obligated for payment of a "make-whole" amount to Coyote Creek’s third party lenders. The “make-whole” amount is based on the excess, if any, of the discounted value of the remaining scheduled debt payments over the principal amount. In addition, in the event Coyote Creek’s LSA is terminated on or after January 1, 2024 by Coyote Creek’s customers, NACoal is obligated to purchase Coyote Creek’s dragline and rolling stock for the then net book value of those assets. To date, no payments have been required from NACoal since the inception of these guarantees. The Company believes that the likelihood of NACoal’s future performance under the guarantees is remote, and no amounts related to these guarantees have been recorded. Summarized financial information for the unconsolidated subsidiaries is as follows: THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30 SEPTEMBER 30 2016 2015 2016 2015 Revenues $ 178,009 $ 154,545 $ 483,360 $ 457,719 Gross profit $ 21,367 $ 18,112 $ 59,788 $ 55,057 Income before income taxes $ 14,755 $ 12,571 $ 41,122 $ 38,221 Net income $ 10,898 $ 9,777 $ 30,625 $ 29,495

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Various legal and regulatory proceedings and claims have been or may be asserted against NACCO and certain subsidiaries relating to the conduct of their businesses, including product liability, patent infringement, asbestos related claims, environmental and other claims. These proceedings and claims are incidental to the ordinary course of business of the Company. Management believes that it has meritorious defenses and will vigorously defend the Company in these actions. Any costs that management estimates will be paid as a result of these claims are accrued when the liability is considered probable and the amount can be reasonably estimated. If a range of amounts can be reasonably estimated and no amount within the range is a better estimate than any other amount, then the minimum of the range is accrued. The Company does not accrue liabilities when the likelihood that the liability has been incurred is probable but the amount cannot be reasonably estimated or when the liability is believed to be only reasonably possible or remote. For contingencies where an unfavorable outcome is probable or reasonably possible and which are material, the Company discloses the nature of the contingency and, in some circumstances, an estimate of the possible loss. These matters are subject to inherent uncertainties, and unfavorable rulings could occur. If an unfavorable ruling were to occur, there exists the possibility of an adverse impact on the Company’s financial position, results of operations and cash flows of the period in which the ruling occurs, or in future periods. Environmental matters HBB is investigating or remediating historical environmental contamination at some current and former sites operated by HBB or by businesses it acquired. Based on the current stage of the investigation or remediation at each known site, HBB estimates the total investigation and remediation costs and the period of assessment and remediation activity required for each site. The estimate of future investigation and remediation costs is primarily based on variables associated with site clean-up, including, but not limited to, physical characteristics of the site, the nature and extent of the contamination and applicable regulatory programs and remediation standards. No assessment can fully characterize all subsurface conditions at a site. There is no assurance that additional assessment and remediation efforts will not result in adjustments to estimated remediation costs or the time frame for remediation at these sites. HBB's estimates of investigation and remediation costs may change if it discovers contamination at additional sites or additional contamination at known sites, if the effectiveness of its current remediation efforts change, if applicable federal or state regulations change or if HBB's estimate of the time required to remediate the sites changes. HBB's revised estimates may differ materially from original estimates. At September 30, 2016 , December 31, 2015 and September 30, 2015 , HBB had accrued undiscounted obligations of $9.0 million , $9.1 million and $8.5 million , respectively, for environmental investigation and remediation activities. In addition, HBB estimates that it is reasonably possible that it may incur additional expenses in the range of zero to $5.3 million related to the environmental investigation and remediation at these sites.

Product Warranties

Product Warranties	9 Months Ended
	Sep. 30, 2016
Product Warranties Disclosures [Abstract]
Product Warranties	Product Warranties HBB provides a standard warranty to consumers for all of its products. The specific terms and conditions of those warranties vary depending upon the product brand. In general, if a product is returned under warranty, a refund is provided to the consumer by HBB's customer, the retailer. Generally, the retailer returns those products to HBB for a credit. The Company estimates the costs which may be incurred under its standard warranty programs and records a liability for such costs at the time product revenue is recognized. The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. Factors that affect the Company's warranty liability include the number of units sold, historical and anticipated rates of warranty claims and the cost per claim. Changes in the Company's current and long-term recorded warranty liability are as follows: 2016 Balance at January 1 $ 6,107 Warranties issued 5,785 Settlements made (7,038 ) Balance at September 30 $ 4,854

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The income tax provision includes U.S. federal, state and local, and foreign income taxes and is based on the application of a forecasted annual income tax rate applied to the current quarter's year-to-date pre-tax income or loss. In determining the estimated annual effective income tax rate, the Company analyzes various factors, including projections of the Company's annual earnings, taxing jurisdictions in which the earnings will be generated, the impact of state and local income taxes, the Company's ability to use tax credits and net operating loss carryforwards, and available tax planning alternatives. Discrete items, including the effect of changes in tax laws, tax rates and certain circumstances with respect to valuation allowances or other unusual or non-recurring tax adjustments are reflected in the period in which they occur as an addition to, or reduction from, the income tax provision, rather than included in the estimated effective annual income tax rate. The Company's effective income tax rate is affected by the benefit of percentage depletion. In the nine months ended September 30, 2016, the Company recorded an income tax benefit of $2.3 million as a result of the reversal of an uncertain tax position recorded as part of the Centennial acquisition. The Company also reversed a corresponding indemnification receivable related to the uncertain tax position that resulted in $2.2 million of other expense, included on the line "Other, net, including interest income," in the nine months ended September 30, 2016.

Retirement Benefit Plans

Retirement Benefit Plans	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Retirement Benefit Plans	Retirement Benefit Plans The Company maintains various defined benefit pension plans that provide benefits based on years of service and average compensation during certain periods. The Company's policy is to make contributions to fund these plans within the range allowed by applicable regulations. Plan assets consist primarily of publicly traded stocks and government and corporate bonds. Pension benefits were frozen for all employees as of December 31, 2013. All eligible employees of the Company, including employees whose pension benefits are frozen, receive retirement benefits under defined contribution retirement plans. The Company also maintains postretirement health care plans which provide benefits to eligible retired employees. All health care plans of the Company have a cap on the Company's share of the costs. These plans have no assets. Under the Company's current policy, plan benefits are funded at the time they are due to participants. The components of pension and postretirement health care expense (income) are set forth below: THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30 SEPTEMBER 30 2016 2015 2016 2015 U.S. Pension and Postretirement Health Care Service cost $ 17 $ 17 $ 52 $ 52 Interest cost 668 675 2,076 2,065 Expected return on plan assets (1,197 ) (1,205 ) (3,662 ) (3,687 ) Amortization of actuarial loss 261 274 790 859 Amortization of prior service credit (11 ) (13 ) (35 ) (42 ) Total $ (262 ) $ (252 ) $ (779 ) $ (753 ) Non-U.S. Pension Interest cost $ 37 $ 37 $ 109 $ 116 Expected return on plan assets (64 ) (67 ) (188 ) (208 ) Amortization of actuarial loss 7 11 20 34 Total $ (20 ) $ (19 ) $ (59 ) $ (58 )

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Business Segments	Business Segments NACCO is a holding company with the following principal subsidiaries: NACoal, HBB and KC. See Note 1 for a discussion of the Company's industries and product lines. NACCO's non-operating segment, NACCO and Other, includes the accounts of the parent company and Bellaire. Financial information for each of NACCO's reportable segments is presented in the following table. The line “Eliminations” in the Revenues section eliminates revenues from HBB sales to KC. The amounts of these revenues are based on current market prices of similar third-party transactions. No other sales transactions occur among reportable segments. THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30 SEPTEMBER 30 2016 2015 2016 2015 Revenues NACoal $ 32,402 $ 42,704 $ 85,778 $ 121,965 HBB 157,264 163,291 400,058 416,082 KC 32,895 34,708 89,912 94,457 Eliminations (1,769 ) (1,596 ) (3,528 ) (3,163 ) Total $ 220,792 $ 239,107 $ 572,220 $ 629,341 Operating profit (loss) NACoal (1) $ (10,912 ) $ (4,010 ) $ 3,653 $ 3,579 HBB 14,399 11,643 19,162 16,711 KC (921 ) (843 ) (6,822 ) (6,860 ) NACCO and Other (1,867 ) (1,142 ) (4,605 ) (3,267 ) Eliminations — 112 (67 ) 126 Total $ 699 $ 5,760 $ 11,321 $ 10,289 Net income (loss) NACoal (1) $ (12,677 ) $ (5,345 ) $ (1,100 ) $ 3,401 HBB 9,511 6,378 12,184 8,614 KC (717 ) (550 ) (4,539 ) (4,290 ) NACCO and Other (1,526 ) (774 ) (3,711 ) (2,710 ) Eliminations 4,967 3,432 2,642 (1,122 ) Total $ (442 ) $ 3,141 $ 5,476 $ 3,893 (1) During the third quarter of 2016, the Company recognized an impairment charge of $17.4 million . The asset impairment charge was recorded as "Centennial asset impairment charge" in the Unaudited Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2016 and relates exclusively to the NACoal segment. See Note 5 for further discussion of the asset impairment charge.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of estimates	These financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position of the Company at September 30, 2016 and the results of its operations, comprehensive income (loss), cash flows and changes in equity for the nine months ended September 30, 2016 and 2015 have been included. These Unaudited Condensed Consolidated Financial Statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 . The balance sheet at December 31, 2015 has been derived from the audited financial statements at that date but does not include all of the information or notes required by U.S. GAAP for complete financial statements.
Recently issued accounting standards	Accounting Standards Adopted in 2016 In April 2015, the FASB issued ASU No. 2015-03, "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs," which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015, and interim periods within fiscal years beginning after December 15, 2016. Early application is permitted. In August 2015, the FASB issued ASU 2015-15, "Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting (SEC Update)." ASU 2015-15 amends Subtopic 835-30 to include that the SEC would not object to the deferral and presentation of debt issuance costs as an asset and subsequent amortization of debt issuance costs over the term of the line-of-credit arrangement, whether or not there are any outstanding borrowings on the line-of-credit arrangement. This guidance is effective for fiscal years (and interim reporting periods within fiscal years) beginning after December 15, 2015. The adoption of this guidance did not have a material effect on the Company's financial position, results of operations, cash flows or related disclosures. In July 2015, the FASB issued ASU No. 2015-11, "Inventory - Simplifying the Measurement of Inventory," which requires that inventory be measured at lower of cost or net realizable value. ASU 2015-11 is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The adoption of this guidance did not have a material effect on the Company's financial position, results of operations, cash flows and related disclosures. Accounting Standards Not Yet Adopted In May 2014, the FASB codified in ASC 606, "Revenue Recognition - Revenue from Contracts with Customers," which supersedes most current revenue recognition guidance, including industry-specific guidance, and requires an entity to recognize revenue in an amount that reflects the consideration to which the entity expects to be entitled in exchange for transferring goods or services to customers and provide additional disclosures. As amended, the effective date for public entities is annual reporting periods beginning after December 15, 2017 and interim periods therein. Early adoption is not permitted before the first quarter of fiscal year 2017. As such, the Company will be required to adopt the standard in the first quarter of fiscal year 2018. ASC 606 may be adopted either using a full retrospective approach, in which the standard is applied to all of the periods presented, or a modified retrospective approach. The Company has developed a project plan to evaluate how ASC 606 will affect the Company's financial position, results of operations, cash flows and related disclosures. The Company is currently evaluating which transition method to use. In January 2016, the FASB issued ASU No. 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities," which modifies how entities measure equity investments and present changes in the fair value of financial liabilities; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; changes presentation and disclosure requirements; and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is evaluating the impact that this new guidance will have on the Company’s financial position, results of operations, cash flows and related disclosures. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)," which requires an entity to recognize assets and liabilities for the rights and obligations created by leased assets. ASU 2016-02 is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. The Company is currently evaluating how and to what extent ASU 2016-02 will affect the Company's financial position, results of operations, cash flows and related disclosures.
Standard product warranty	HBB provides a standard warranty to consumers for all of its products. The specific terms and conditions of those warranties vary depending upon the product brand. In general, if a product is returned under warranty, a refund is provided to the consumer by HBB's customer, the retailer. Generally, the retailer returns those products to HBB for a credit. The Company estimates the costs which may be incurred under its standard warranty programs and records a liability for such costs at the time product revenue is recognized. The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. Factors that affect the Company's warranty liability include the number of units sold, historical and anticipated rates of warranty claims and the cost per claim.
Income tax	The income tax provision includes U.S. federal, state and local, and foreign income taxes and is based on the application of a forecasted annual income tax rate applied to the current quarter's year-to-date pre-tax income or loss. In determining the estimated annual effective income tax rate, the Company analyzes various factors, including projections of the Company's annual earnings, taxing jurisdictions in which the earnings will be generated, the impact of state and local income taxes, the Company's ability to use tax credits and net operating loss carryforwards, and available tax planning alternatives. Discrete items, including the effect of changes in tax laws, tax rates and certain circumstances with respect to valuation allowances or other unusual or non-recurring tax adjustments are reflected in the period in which they occur as an addition to, or reduction from, the income tax provision, rather than included in the estimated effective annual income tax rate.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories are summarized as follows: SEPTEMBER 30 DECEMBER 31 SEPTEMBER 30 Coal - NACoal $ 12,951 $ 16,652 $ 20,565 Mining supplies - NACoal 16,824 21,755 21,083 Total inventories at weighted average cost 29,775 38,407 41,648 Sourced inventories - HBB 133,396 97,511 151,663 Retail inventories - KC 38,138 29,098 40,903 Total inventories at FIFO 171,534 126,609 192,566 $ 201,309 $ 165,016 $ 234,214

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Amounts Reclassified Out of Accumulated Other Comprehensive Income	The following table summarizes the amounts reclassified out of Accumulated other comprehensive income (loss) ("AOCI") and recognized in the Unaudited Condensed Consolidated Statements of Operations: Amount Reclassified from AOCI THREE MONTHS ENDED NINE MONTHS ENDED September 30 September 30 Details about AOCI Components 2016 2015 2016 2015 Location of (gain) loss reclassified from AOCI into income (loss) (Gain) loss on cash flow hedging Foreign exchange contracts $ 187 $ (240 ) $ (179 ) $ (560 ) Cost of sales Interest rate contracts 274 370 853 1,101 Interest expense 461 130 674 541 Total before income tax benefit (149 ) (41 ) (254 ) (178 ) Income tax benefit $ 312 $ 89 $ 420 $ 363 Net of tax Pension and postretirement plan Actuarial loss $ 265 $ 326 $ 774 $ 983 (a) Prior-service credit (11 ) (13 ) (35 ) (42 ) (a) 254 313 739 941 Total before income tax benefit (88 ) (97 ) (271 ) (300 ) Income tax benefit $ 166 $ 216 $ 468 $ 641 Net of tax Total reclassifications for the period $ 478 $ 305 $ 888 $ 1,004 Net of tax (a) These AOCI components are included in the computation of pension and postretirement health care (income) expense. See Note 10 for further information.

Fair Value Disclosure (Tables)

Fair Value Disclosure (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the Company's assets and liabilities accounted for at fair value on a recurring basis: Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Description Date (Level 1) (Level 2) (Level 3) September 30, 2016 Assets: Available for sale securities $ 7,705 $ 7,705 $ — $ — Foreign currency exchange contracts 15 15 — — $ 7,720 $ 7,720 $ — $ — Liabilities: Interest rate swap agreements $ 1,814 $ — $ 1,814 $ — $ 1,814 $ — $ 1,814 $ — December 31, 2015 Assets: Available for sale securities $ 7,247 $ 7,247 $ — $ — Interest rate swap agreements 3 — 3 — Foreign currency exchange contracts 386 — 386 — $ 7,636 $ 7,247 $ 389 $ — Liabilities: Interest rate swap agreements $ 698 $ — $ 698 $ — $ 698 $ — $ 698 $ — September 30, 2015 Assets: Available for sale securities $ 6,905 $ 6,905 $ — $ — Foreign currency exchange contracts 364 — 364 — $ 7,269 $ 6,905 $ 364 $ — Liabilities: Interest rate swap agreements $ 1,804 $ — $ 1,804 $ — $ 1,804 $ — $ 1,804 $ —

Unconsolidated Subsidiaries (Ta

Unconsolidated Subsidiaries (Tables)	9 Months Ended
	Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Variable Interest Entities	Summarized financial information for the unconsolidated subsidiaries is as follows: THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30 SEPTEMBER 30 2016 2015 2016 2015 Revenues $ 178,009 $ 154,545 $ 483,360 $ 457,719 Gross profit $ 21,367 $ 18,112 $ 59,788 $ 55,057 Income before income taxes $ 14,755 $ 12,571 $ 41,122 $ 38,221 Net income $ 10,898 $ 9,777 $ 30,625 $ 29,495

Product Warranties (Tables)

Product Warranties (Tables)	9 Months Ended
	Sep. 30, 2016
Product Warranties Disclosures [Abstract]
Current and Long-term Recorded Warranty Liability	Changes in the Company's current and long-term recorded warranty liability are as follows: 2016 Balance at January 1 $ 6,107 Warranties issued 5,785 Settlements made (7,038 ) Balance at September 30 $ 4,854

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Components of Pension and Postretirement Health Care Expense	The components of pension and postretirement health care expense (income) are set forth below: THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30 SEPTEMBER 30 2016 2015 2016 2015 U.S. Pension and Postretirement Health Care Service cost $ 17 $ 17 $ 52 $ 52 Interest cost 668 675 2,076 2,065 Expected return on plan assets (1,197 ) (1,205 ) (3,662 ) (3,687 ) Amortization of actuarial loss 261 274 790 859 Amortization of prior service credit (11 ) (13 ) (35 ) (42 ) Total $ (262 ) $ (252 ) $ (779 ) $ (753 ) Non-U.S. Pension Interest cost $ 37 $ 37 $ 109 $ 116 Expected return on plan assets (64 ) (67 ) (188 ) (208 ) Amortization of actuarial loss 7 11 20 34 Total $ (20 ) $ (19 ) $ (59 ) $ (58 )

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Reporting Information	Financial information for each of NACCO's reportable segments is presented in the following table. The line “Eliminations” in the Revenues section eliminates revenues from HBB sales to KC. The amounts of these revenues are based on current market prices of similar third-party transactions. No other sales transactions occur among reportable segments. THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30 SEPTEMBER 30 2016 2015 2016 2015 Revenues NACoal $ 32,402 $ 42,704 $ 85,778 $ 121,965 HBB 157,264 163,291 400,058 416,082 KC 32,895 34,708 89,912 94,457 Eliminations (1,769 ) (1,596 ) (3,528 ) (3,163 ) Total $ 220,792 $ 239,107 $ 572,220 $ 629,341 Operating profit (loss) NACoal (1) $ (10,912 ) $ (4,010 ) $ 3,653 $ 3,579 HBB 14,399 11,643 19,162 16,711 KC (921 ) (843 ) (6,822 ) (6,860 ) NACCO and Other (1,867 ) (1,142 ) (4,605 ) (3,267 ) Eliminations — 112 (67 ) 126 Total $ 699 $ 5,760 $ 11,321 $ 10,289 Net income (loss) NACoal (1) $ (12,677 ) $ (5,345 ) $ (1,100 ) $ 3,401 HBB 9,511 6,378 12,184 8,614 KC (717 ) (550 ) (4,539 ) (4,290 ) NACCO and Other (1,526 ) (774 ) (3,711 ) (2,710 ) Eliminations 4,967 3,432 2,642 (1,122 ) Total $ (442 ) $ 3,141 $ 5,476 $ 3,893 (1) During the third quarter of 2016, the Company recognized an impairment charge of $17.4 million . The asset impairment charge was recorded as "Centennial asset impairment charge" in the Unaudited Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2016 and relates exclusively to the NACoal segment. See Note 5 for further discussion of the asset impairment charge.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Inventory Disclosure [Abstract]
Coal - NACoal	$ 12,951	$ 16,652	$ 20,565
Mining supplies - NACoal	16,824	21,755	21,083
Total inventories at weighted average cost	29,775	38,407	41,648
Sourced inventories - HBB	133,396	97,511	151,663
Retail inventories - KC	38,138	29,098	40,903
Total inventories at FIFO	171,534	126,609	192,566
Inventories, net	$ 201,309	$ 165,016	$ 234,214

Stockholders' Equity (Stock Rep

Stockholders' Equity (Stock Repurchase Program) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	May 10, 2016	Oct. 31, 2015
2013 Stock Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase, authorized amount						$ 60,000,000
Common Class A | 2016 Stock Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase, authorized amount					$ 50,000,000
Repurchased shares (in shares)	38,766	134,186	109,261	426,909
Repurchased shares, purchase price	$ 2,200,000	$ 7,200,000	$ 6,000,000	$ 23,200,000
Repurchased shares, weighted average purchase price (in USD per share)	$ 57.20	$ 53.95	$ 55.32	$ 54.46

Stockholders' Equity (Amounts R

Stockholders' Equity (Amounts Reclassified out of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ 169,084	$ 196,892	$ 439,978	$ 513,556
Interest expense	1,322	1,597	4,297	5,383
Total before income tax benefit	986	(3,275)	(4,472)	(4,351)
Income tax benefit	(544)	134	(1,004)	458
Net of tax	442	(3,141)	(5,476)	(3,893)
Actuarial loss
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Total before income tax benefit	265	326	774	983
Prior-service credit
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Total before income tax benefit	(11)	(13)	(35)	(42)
Amount Reclassified from AOCI
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net of tax	478	305	888	1,004
Amount Reclassified from AOCI | (Gain) loss on cash flow hedging
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Total before income tax benefit	461	130	674	541
Income tax benefit	(149)	(41)	(254)	(178)
Net of tax	312	89	420	363
Amount Reclassified from AOCI | (Gain) loss on cash flow hedging | Foreign exchange contracts
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	187	(240)	(179)	(560)
Amount Reclassified from AOCI | (Gain) loss on cash flow hedging | Interest rate contracts
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	274	370	853	1,101
Amount Reclassified from AOCI | Pension and postretirement plan
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Total before income tax benefit	254	313	739	941
Income tax benefit	(88)	(97)	(271)	(300)
Net of tax	$ 166	$ 216	$ 468	$ 641

Fair Value Disclosure (On a Rec

Fair Value Disclosure (On a Recurring Basis) (Details) - Fair value measurements, recurring - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Level 1
Assets:
Available for sale securities	$ 7,705	$ 7,247	$ 6,905
Interest rate swap agreements		0
Foreign currency exchange contracts	15	0	0
Assets at fair value	7,720	7,247	6,905
Liabilities:
Interest rate swap agreements	0	0	0
Liabilities at fair value	0	0	0
Level 2
Assets:
Available for sale securities	0	0	0
Interest rate swap agreements		3
Foreign currency exchange contracts	0	386	364
Assets at fair value	0	389	364
Liabilities:
Interest rate swap agreements	1,814	698	1,804
Liabilities at fair value	1,814	698	1,804
Level 3
Assets:
Available for sale securities	0	0	0
Interest rate swap agreements		0
Foreign currency exchange contracts	0	0	0
Assets at fair value	0	0	0
Liabilities:
Interest rate swap agreements	0	0	0
Liabilities at fair value	0	0	0
Total
Assets:
Available for sale securities	7,705	7,247	6,905
Interest rate swap agreements		3
Foreign currency exchange contracts	15	386	364
Assets at fair value	7,720	7,636	7,269
Liabilities:
Interest rate swap agreements	1,814	698	1,804
Liabilities at fair value	$ 1,814	$ 698	$ 1,804

Fair Value Disclosure (Narrativ

Fair Value Disclosure (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Centennial asset impairment charge		$ 0	$ 17,443,000	$ 0
Long-term debt excluding capital leases fair value	$ 128,300,000	163,500,000	128,300,000	163,500,000	$ 159,800,000
Long-term debt excluding capital leases book value	128,300,000	163,500,000	128,300,000	163,500,000	159,800,000
Centennial Natural Resources Ceased Coal Production | Held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of coal land and real estate	0		0
Assets held for sale	5,000,000		5,000,000
Centennial asset impairment charge	17,443,000
Level 1 | Fair value measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mine Water Treatment Trust	7,705,000	$ 6,905,000	7,705,000	$ 6,905,000	$ 7,247,000
Bellaire Corporation | Level 1 | Fair value measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mine Water Treatment Trust	$ 5,000,000		$ 5,000,000

Unconsolidated Subsidiaries (Na

Unconsolidated Subsidiaries (Narrative) (Details)	9 Months Ended
	Sep. 30, 2016USD ($)subsidiary	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)
Variable Interest Entity [Line Items]
Number of wholly owned subsidiaries | subsidiary	2
Variable interest entity, reporting entity involvement, maximum risk of loss	$ 5,300,000	$ 4,000,000	$ 3,900,000
Loans receivable
Variable Interest Entity [Line Items]
Variable interest entity, reporting entity involvement, maximum risk of loss	2,500,000
Other noncurrent assets
Variable Interest Entity [Line Items]
Investment in unconsolidated operations and related tax position	$ 34,000,000	$ 24,600,000	$ 25,900,000

Unconsolidated Subsidiaries (Sc

Unconsolidated Subsidiaries (Schedule) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Variable Interest Entity [Line Items]
Revenues	$ 220,792	$ 239,107	$ 572,220	$ 629,341
Gross profit	51,708	42,215	132,242	115,785
Net income (loss)	(442)	3,141	5,476	3,893
Variable interest entity, not primary beneficiary
Variable Interest Entity [Line Items]
Revenues	178,009	154,545	483,360	457,719
Gross profit	21,367	18,112	59,788	55,057
Income before income taxes	14,755	12,571	41,122	38,221
Net income (loss)	$ 10,898	$ 9,777	$ 30,625	$ 29,495

Contingencies (Details)

Contingencies (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Loss Contingencies [Line Items]
Accrual for environmental investigation and remediation activities	$ 9,000,000	$ 9,100,000	$ 8,500,000
Minimum
Loss Contingencies [Line Items]
Estimate of possible loss	0
Maximum
Loss Contingencies [Line Items]
Estimate of possible loss	$ 5,300,000

Product Warranties (Details)

Product Warranties (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance at beginning of period	$ 6,107
Warranties issued	5,785
Settlements made	(7,038)
Balance at end of period	$ 4,854

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Operating Loss Carryforwards [Line Items]
Income tax benefit	$ 544	$ (134)	$ 1,004	$ (458)
Settlement with Taxing Authority
Operating Loss Carryforwards [Line Items]
Income tax benefit			2,300
Settlement with Taxing Authority | Other Income
Operating Loss Carryforwards [Line Items]
Other tax expense			$ 2,200

Retirement Benefit Plans (Detai

Retirement Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
U.S. Pension and Postretirement Health Care
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 17	$ 17	$ 52	$ 52
Interest cost	668	675	2,076	2,065
Expected return on plan assets	(1,197)	(1,205)	(3,662)	(3,687)
Amortization of actuarial loss	261	274	790	859
Amortization of prior service credit	(11)	(13)	(35)	(42)
Total	(262)	(252)	(779)	(753)
Non-U.S. Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	37	37	109	116
Expected return on plan assets	(64)	(67)	(188)	(208)
Amortization of actuarial loss	7	11	20	34
Total	$ (20)	$ (19)	$ (59)	$ (58)

Business Segments (Details)

Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Centennial asset impairment charge		$ 0	$ 17,443	$ 0
Revenues	$ 220,792	239,107	572,220	629,341
Operating profit (loss)	699	5,760	11,321	10,289
Net income (loss)	(442)	3,141	5,476	3,893
Operating segments | NACoal
Segment Reporting Information [Line Items]
Revenues	32,402	42,704	85,778	121,965
Operating profit (loss)	(10,912)	(4,010)	3,653	3,579
Net income (loss)	(12,677)	(5,345)	(1,100)	3,401
Operating segments | HBB
Segment Reporting Information [Line Items]
Revenues	157,264	163,291	400,058	416,082
Operating profit (loss)	14,399	11,643	19,162	16,711
Net income (loss)	9,511	6,378	12,184	8,614
Operating segments | KC
Segment Reporting Information [Line Items]
Revenues	32,895	34,708	89,912	94,457
Operating profit (loss)	(921)	(843)	(6,822)	(6,860)
Net income (loss)	(717)	(550)	(4,539)	(4,290)
Operating segments | NACCO and Other
Segment Reporting Information [Line Items]
Operating profit (loss)	(1,867)	(1,142)	(4,605)	(3,267)
Net income (loss)	(1,526)	(774)	(3,711)	(2,710)
Eliminations
Segment Reporting Information [Line Items]
Revenues	(1,769)	(1,596)	(3,528)	(3,163)
Operating profit (loss)	0	112	(67)	126
Net income (loss)	$ 4,967	$ 3,432	$ 2,642	$ (1,122)