Note 4 - Miscellaneous Other (Loss) Income

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Interest and Other Income [Text Block]

NOTE 4—MISCELLANEOUS OTHER (LOSS) INCOME:

	Three Months Ended June 30,					Six Months Ended June 30,
	2021			2020		2021			2020
Interest Income	$	811		$	122	$	1,669		$	366
Royalty Income - Non-Operated Coal		673			2,893		2,274			7,397
Rental Income		245			325		460			822
Contract Buyout		—			30,144		—			40,969
Unrealized Loss on Commodity Derivative Instruments		(20,437	)		—		(20,437	)		—
Other		305			452		820			552
Miscellaneous Other (Loss) Income	$	(18,403	)	$	33,936	$	(15,214	)	$	50,106

Contract buyout income earned during 2020 was primarily the result of partial contract buyouts that involved negotiations to reduce coal quantities several customers were otherwise obligated to purchase under contracts in exchange for payment of certain fees to the Company, and do not impact forward contract terms.

During the second quarter of 2021, the Company initiated a targeted commodity price hedging strategy, layering in 2.0 million metric tons of commodity derivative contracts in the API2 market at a weighted average API2 price of $79.34 per ton. The continued API2 pricing strength throughout the second quarter of 2021 resulted in mark-to-market losses of $20,437.