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INVENTORIES
 9 Months Ended
Sep. 30, 2016
INVENTORIES  
INVENTORIES

4.           INVENTORIES

 

Inventories consist of the following:

 

 

 

 

 

 

 

 

 

 

    

September 30, 

 

December 31, 

 

 

 

2016

    

2015

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Coal

 

$
56,366

 

$
83,682

 

Supplies (net of reserve for obsolescence of $4,005 and $3,841, respectively)

 

 
33,538

 

 
37,399

 

Total inventory

 

$
89,904

 

$
121,081

 

 

During the nine months ended September 30, 2016, the ARLP Partnership recorded adjustments of $16.1 million to reduce the carrying value of its coal inventories to market price as a result of lower coal sale prices and higher cost per ton primarily due to lower production at the Hamilton County Coal, LLC ("Hamilton") mining complex as a result of challenging market conditions.