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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net income $ 21,545 $ 110,447
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and depletion 28,692 22,233
Deferred income tax expense 3,276 27,984
Stock based compensation expense 1,733 1,194
Amortization of debt issuance costs and debt discount/premium, net 351 381
Accretion of asset retirement obligations 733 812
Loss on early extinguishment of debt 0 9,756
Changes in operating assets and liabilities:    
Trade accounts receivable (32,055) (44,329)
Income tax receivable 0 297
Inventories (17,326) (10,823)
Prepaid expenses and other receivables (235) 10,167
Accounts payable 15,614 10,640
Accrued expenses and other current liabilities (3,538) (15,133)
Other 2,232 2,782
Net cash provided by operating activities 21,022 126,408
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (22,775) (24,395)
Deferred mine development costs (3,677) (5,578)
Proceeds from sale of property, plant and equipment 0 234
Sale of short-term investments 14,733 0
Purchases of short-term investments (8,500) 0
Net cash used in investing activities (20,219) (29,739)
FINANCING ACTIVITIES    
Dividends paid (2,598) (2,606)
Borrowings under ABL Facility 70,000 0
Retirements of debt 0 (140,272)
Principal repayments of finance lease obligations (3,833) (1,957)
Common shares repurchased 0 (1,970)
Other (1,012) (527)
Net cash provided by (used in) financing activities 62,557 (147,332)
Net increase (decrease) in cash and cash equivalents and restricted cash 63,360 (50,663)
Cash and cash equivalents and restricted cash at beginning of period 193,383 206,405
Cash and cash equivalents and restricted cash at end of period $ 256,743 $ 155,742