Note 8 - Inventories

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE 8—INVENTORIES:

Inventory components consist of the following:

	June 30,		December 31,
	2020		2019
Coal	$	6,970	$	2,484
Supplies		54,071		51,647
Total Inventories	$	61,041	$	54,131

Inventories are stated at the lower of cost or net realizable value. The cost of coal inventories is determined by the first-in, first-out (“FIFO”) method. Coal inventory costs include labor, supplies, equipment costs, operating overhead, depreciation, depletion, amortization and other related costs. The cost of supplies inventory is determined by the average cost method and includes operating and maintenance supplies to be used in the Company's coal operations.