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Consolidated Statements of Cash Flows (USD $)
In Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities        
Net income $ 42,698 $ 14,590 $ 78,890 $ 27,949
Adjustments to reconcile net income to net cash provided by operating activities:        
Depletion, depreciation and amortization 15,660 16,628 31,723 35,129
(Gain)/loss on disposal of property, plant and equipment (207) 9 (226) (208)
Accretion of asset retirement obligation 145 133 286 263
Amortization of debt issuance costs 246 245 491 490
Stock based compensation and other benefits 2,689 2,523 5,789 5,489
Changes in operating assets and liabilities:        
Inventories (15,505) (13,243) (55,569) (20,178)
Trade receivables 81 835 (393) (4,222)
Accrued compensation and benefits 3,051 202 4,341 (457)
Accounts payable 1,450 1,739 4,644 5,383
Property, production and franchise taxes payable 1,273 (624) 2,944 641
Income taxes payable 5,737 239 9,821 472
Workers compensation (78) 875 (554) 1,749
Restricted cash     3,000 (25)
Other 1,571 (3,049) 7,496 (1,610)
Net cash provided by operating activities 58,811 21,102 92,683 50,865
Cash flows from investing activities        
Capital expenditures (23,110) (13,860) (46,295) (24,587)
Purchase of long-term investment     (616)  
Proceeds from disposal of property, plant and equipment 207   228 265
Purchases of short-term investments (32,801) (82,586) (98,096) (126,632)
Proceeds from maturities of short-term investments 58,575   137,017 12,973
Net cash provided by (used in) investing activities 2,871 (96,446) (7,762) (137,981)
Cash flows from financing activities        
Issuance of common stock 7 190 725 441
Net cash provided by financing activities 7 190 725 441
Cash and cash equivalents        
Net increase (decrease) 61,689 (75,154) 85,646 (86,675)
Balance at beginning of period 43,320 155,135 19,363 166,656
Balance at end of period $ 105,009 $ 79,981 $ 105,009 $ 79,981