INVENTORIES:

Inventory components consist of the following:



	March 31, 2019		December 31, 2018
Coal	$	8,853	$	4,642
Supplies	46,035		44,004
Total Inventories	$	54,888	$	48,646

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.