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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Current assets:  
Cash and cash equivalents$ 43,229$ 5,775
Receivables:  
Trade46,69850,578
Contractual third-party reclamation receivables7,4277,743
Other4,0024,545
Total Receivables58,12762,866
Inventories25,84123,571
Other current assets6,7135,335
Total current assets133,91097,547
Property, plant and equipment:  
Land and mineral rights84,03383,824
Capitalized asset retirement cost114,856114,856
Plant and equipment519,233506,661
Property plant and equipment718,122705,341
Less accumulated depreciation, depletion and amortization(319,841)(288,386)
Net property, plant and equipment398,281416,955
Advanced coal royalties3,1383,695
Reclamation deposits70,80172,274
Restricted investments and bond collateral56,93355,384
Contractual third-party reclamation receivables, less current portion89,65687,739
Deferred income taxes02,458
Intangible assets, net of accumulated amortization of $10.3 million and $9.1 million at September 30, 2011 and December 31, 2010, respectively5,2976,555
Other assets10,9517,699
Total Assets768,967750,306
Current liabilities:  
Current installments of long-term debt19,79614,973
Accounts payable and accrued expenses:  
Trade43,92046,247
Production taxes27,89626,317
Workers' compensation946954
Postretirement medical benefits13,58113,581
SERP304304
Deferred revenue12,01410,209
Asset retirement obligations16,67714,514
Other current liabilities4,6826,241
Total current liabilities139,816133,340
Long-term debt, less current installments266,664208,731
Revolving lines of credit018,400
Workers' compensation, less current portion9,2799,424
Excess of pneumoconiosis benefit obligation over trust assets3,6112,246
Postretirement medical benefits, less current portion196,230197,279
Pension and SERP obligations, less current portion13,02620,462
Deferred revenue, less current portion68,32075,395
Asset retirement obligations, less current portion230,010227,129
Intangible liabilities, net of accumulated amortization $10.2 million at September 30, 2011 and $9.4 million at December 31, 2010, respectively7,8998,663
Other liabilities8,48011,592
Total liabilities943,335912,661
Shareholders' deficit:  
Preferred stock of $1.00 par value; Authorized 5,000,000 shares; Issued and outstanding 159,960 shares at September 30, 2011, and 160,129 shares at December 31, 2010, respectively160160
Common stock of $2.50 par value; Authorized 30,000,000 shares; Issued and outstanding 13,762,177 shares at September 30, 2011, and 11,160,798 shares at December 31, 2010, respectively34,40427,901
Other paid-in capital125,49898,466
Accumulated other comprehensive loss(57,195)(57,680)
Accumulated deficit(269,990)(226,740)
Total Westmoreland Coal Company shareholders' deficit(167,123)(157,893)
Noncontrolling interest(7,245)(4,462)
Total deficit(174,368)(162,355)
Total Liabilities and Shareholders' Deficit$ 768,967$ 750,306