Note 6 - Business Segments

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 6.    Business Segments

We are currently organized and managed in four reporting segments: 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 and nine months ended September 30, 2016 and 2015 (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Net sales to unaffiliated customers:
Greens Creek	$	85,804		$	54,351		$	199,260		$	175,749
Lucky Friday		26,140			13,916			70,152			48,376
Casa Berardi		41,131			36,674			126,614			104,105
San Sebastian		26,318			—			85,686			—
	$	179,393		$	104,941		$	481,712		$	328,230
Income (loss) from operations:
Greens Creek	$	26,498		$	21		$	49,407		$	24,664
Lucky Friday		6,652			(3,894	)		13,442			(933	)
Casa Berardi		3,691			(2,603	)		16,246			(6,567	)
San Sebastian		18,415			(2,420	)		58,911			(7,269	)
Other		(17,016	)		(12,301	)		(42,584	)		(43,460	)
	$	38,240		$	(21,197	)	$	95,422		$	(33,565	)

The following table presents identifiable assets by reportable segment as of September 30, 2016 and December 31, 2015 (in thousands):

	September 30, 2016		December 31, 2015
Identifiable assets:
Greens Creek	$	696,209	$	698,265
Lucky Friday		437,925		393,338
Casa Berardi		799,570		779,423
San Sebastian		23,109		22,238
Other		406,866		328,661
	$	2,363,679	$	2,221,925