Note 4 - Miscellaneous Other Income

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Interest and Other Income [Text Block]

NOTE 4—MISCELLANEOUS OTHER INCOME:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Contract Buyout	$	—	$	1,193	$	40,969	$	3,583
Sale of Certain Coal Lease Contracts		17,847		—		17,847		—
Royalty Income - Non-Operated Coal		2,241		4,976		9,638		16,863
Rental Income		255		625		1,077		1,923
Property Easements and Option Income		19		100		495		1,529
Interest Income		76		755		442		2,399
Purchased Coal Sales		—		3,136		—		9,052
Other		563		403		639		1,325
Miscellaneous Other Income	$	21,001	$	11,188	$	71,107	$	36,674

Contract buyout income was primarily the result of partial contract buyouts that involved negotiations to reduce coal quantities of several customer contracts in exchange for payment of certain fees to the Company, and do not impact forward contract terms.

The sale of certain coal lease contracts was in connection with one of several transactions completed in the three months ended September 30, 2020 related to the Company's non-operating surface and mineral assets outside of the Pennsylvania Mining Complex.

Royalty income represents earned revenue related to overriding royalty agreements or coal reserve leases between the Company and third-party operators.

Purchased coal sales include earned revenue related to coal purchased externally by the Company to blend and resell in order to fulfill various contracts.