Note 6 - Business Segments

3 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 6.    Business Segments

We are currently organized and managed in four segments, which represent our operating units: the Greens Creek unit, the Lucky Friday unit, the Casa Berardi unit, and the San Sebastian unit. The San Sebastian unit, a historic operating property for Hecla, resumed commercial production in the fourth quarter of 2015 and was added as a new reporting segment in 2015.

General corporate activities not associated with operating units and their various exploration activities, as well as discontinued operations and idle properties, are presented as “other.”  Interest expense, interest income and income taxes are considered general corporate items, and are not allocated to our segments.

The following tables present information about reportable segments for the three months ended March 31, 2016 and 2015 (in thousands):

	Three Months Ended March 31,
	2016			2015
Net sales to unaffiliated customers:
Greens Creek	$	53,882		$	67,355
Lucky Friday		21,252			19,891
Casa Berardi	$	32,198		$	31,846
San Sebastian		23,685			—
	$	131,017		$	119,092
Income (loss) from operations:
Greens Creek	$	8,078		$	14,693
Lucky Friday		2,743			3,546
Casa Berardi		1,934			(765	)
San Sebastian		14,912			—
Other		(12,094	)		(12,552	)
	$	15,573		$	4,922

The following table presents identifiable assets by reportable segment as of March 31, 2016 and December 31, 2015 (in thousands):

	March 31, 2016		December 31, 2015
Identifiable assets:
Greens Creek	$	698,102	$	698,265
Lucky Friday		420,306		393,338
Casa Berardi		782,962		779,423
San Sebastian		25,882		22,238
Other		311,921		328,661
	$	2,239,173	$	2,221,925