$IPI
Intrepid Potash, Inc.

2010 Q4 Form 10-K Financial Statement

#000142146112000008 Filed on February 16, 2012

View on sec.gov

Income Statement

Concept 2010 Q4 2010 Q3 2010 Q2
Revenue $96.16M $91.47M $64.32M
YoY Change 31.54% 37.76% -12.37%
Cost Of Revenue $49.18M $53.81M $41.42M
YoY Change -12.8% 23.71% 8.99%
Gross Profit $37.65M $26.81M $14.74M
YoY Change 125.43% 17.07% -58.36%
Gross Profit Margin 39.15% 29.31% 22.92%
Selling, General & Admin $8.100M $6.400M $8.000M
YoY Change 9.46% -1.54% 2.56%
% of Gross Profit 21.52% 23.87% 54.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.600M $6.900M $6.700M
YoY Change 43.4% 60.47% 59.52%
% of Gross Profit 20.19% 25.74% 45.45%
Operating Expenses $8.500M $6.800M $8.400M
YoY Change 11.84% 1.49% -1.18%
Operating Profit $29.15M $20.01M $6.341M
YoY Change 220.29% 23.51% -76.43%
Interest Expense $300.0K -$200.0K -$300.0K
YoY Change -400.0% -66.67% -200.0%
% of Operating Profit 1.03% -1.0% -4.73%
Other Income/Expense, Net $100.0K $100.0K $100.0K
YoY Change -66.67% -66.67%
Pretax Income $29.60M $19.80M $6.100M
YoY Change 228.89% 24.53% -77.82%
Income Tax $11.40M $8.200M $2.500M
% Of Pretax Income 38.51% 41.41% 40.98%
Net Earnings $18.20M $11.70M $3.600M
YoY Change 171.64% 23.16% -75.0%
Net Earnings / Revenue 18.93% 12.79% 5.6%
Basic Earnings Per Share $0.24 $0.16 $0.05
Diluted Earnings Per Share $0.24 $0.16 $0.05
COMMON SHARES
Basic Shares Outstanding 75.10M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2010 Q4 2010 Q3 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $121.7M $99.70M $115.9M
YoY Change 20.61% 7.44% -2.93%
Cash & Equivalents $76.13M $66.70M $98.00M
Short-Term Investments $45.60M $33.00M $17.90M
Other Short-Term Assets $7.600M $7.300M $9.000M
YoY Change -38.71% 5.8% 233.33%
Inventory $48.09M $46.00M $50.60M
Prepaid Expenses
Receivables $23.77M $37.00M $12.30M
Other Receivables $7.700M $8.200M $3.200M
Total Short-Term Assets $208.8M $198.2M $190.9M
YoY Change 2.21% -5.53% -9.91%
LONG-TERM ASSETS
Property, Plant & Equipment $285.9M $295.0M $271.0M
YoY Change 11.99% 24.79% 28.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $21.30M $26.80M $20.40M
YoY Change 243.55% 1118.18%
Other Assets $5.311M $291.2M $298.9M
YoY Change -98.25% -5.58% -7.35%
Total Long-Term Assets $620.1M $612.9M $590.3M
YoY Change 9.8% 12.03% 10.77%
TOTAL ASSETS
Total Short-Term Assets $208.8M $198.2M $190.9M
Total Long-Term Assets $620.1M $612.9M $590.3M
Total Assets $828.9M $811.1M $781.2M
YoY Change 7.79% 7.16% 4.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.10M $16.90M $9.400M
YoY Change 32.12% 21.58% -44.38%
Accrued Expenses $17.15M $28.20M $19.90M
YoY Change -11.58% 35.58% 8.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.41M $46.80M $30.80M
YoY Change 26.48% 20.62% -17.2%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.460M $25.70M $24.40M
YoY Change -81.26% 55.76% 48.78%
Total Long-Term Liabilities $4.460M $25.70M $24.40M
YoY Change -81.26% 55.76% 48.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.41M $46.80M $30.80M
Total Long-Term Liabilities $4.460M $25.70M $24.40M
Total Liabilities $71.04M $72.40M $55.10M
YoY Change 18.8% 30.92% 2.8%
SHAREHOLDERS EQUITY
Retained Earnings $198.8M
YoY Change
Common Stock $559.8M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $757.8M $738.7M $726.1M
YoY Change
Total Liabilities & Shareholders Equity $828.9M $811.1M $781.2M
YoY Change 7.79% 7.16% 4.89%

Cashflow Statement

Concept 2010 Q4 2010 Q3 2010 Q2
OPERATING ACTIVITIES
Net Income $18.20M $11.70M $3.600M
YoY Change 171.64% 23.16% -75.0%
Depreciation, Depletion And Amortization $7.600M $6.900M $6.700M
YoY Change 43.4% 60.47% 59.52%
Cash From Operating Activities $46.80M $8.600M $32.10M
YoY Change 102.6% 30.3% -8.02%
INVESTING ACTIVITIES
Capital Expenditures -$30.30M -$20.00M -$24.10M
YoY Change 59.47% -39.76% 24.23%
Acquisitions
YoY Change
Other Investing Activities -$7.100M -$19.80M -$9.800M
YoY Change 373.33% 312.5% -916.67%
Cash From Investing Activities -$37.40M -$39.90M -$33.90M
YoY Change 82.44% 5.0% 86.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 -500.0K
YoY Change 25.0%
NET CHANGE
Cash From Operating Activities 46.80M 8.600M 32.10M
Cash From Investing Activities -37.40M -39.90M -33.90M
Cash From Financing Activities 0.000 0.000 -500.0K
Net Change In Cash 9.400M -31.30M -2.300M
YoY Change 261.54% -0.32% -114.11%
FREE CASH FLOW
Cash From Operating Activities $46.80M $8.600M $32.10M
Capital Expenditures -$30.30M -$20.00M -$24.10M
Free Cash Flow $77.10M $28.60M $56.20M
YoY Change 83.14% -28.14% 3.5%

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DefinedBenefitPlanNetPeriodicBenefitCost
101000 USD
CY2010 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
0 USD
CY2011 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
-130000 USD
CY2009 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
0 USD
CY2011 us-gaap Defined Benefit Plan Target Allocation Percentage Of Assets Debt Securities
DefinedBenefitPlanTargetAllocationPercentageOfAssetsDebtSecurities
0.43
CY2011 us-gaap Defined Benefit Plan Target Allocation Percentage Of Assets Debt Securities Range Maximum
DefinedBenefitPlanTargetAllocationPercentageOfAssetsDebtSecuritiesRangeMaximum
0.40
CY2011 us-gaap Defined Benefit Plan Target Allocation Percentage Of Assets Debt Securities Range Minimum
DefinedBenefitPlanTargetAllocationPercentageOfAssetsDebtSecuritiesRangeMinimum
0.10
CY2011 us-gaap Defined Benefit Plan Target Allocation Percentage Of Assets Equity Securities
DefinedBenefitPlanTargetAllocationPercentageOfAssetsEquitySecurities
0.47
CY2011 us-gaap Defined Benefit Plan Target Allocation Percentage Of Assets Real Estate
DefinedBenefitPlanTargetAllocationPercentageOfAssetsRealEstate
0.05
CY2011 us-gaap Defined Benefit Plan Target Allocation Percentage Of Assets Real Estate Range Maximum
DefinedBenefitPlanTargetAllocationPercentageOfAssetsRealEstateRangeMaximum
0.10
CY2011 us-gaap Defined Benefit Plan Target Allocation Percentage Of Assets Real Estate Range Minimum
DefinedBenefitPlanTargetAllocationPercentageOfAssetsRealEstateRangeMinimum
0.00
CY2010 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1162000 USD
CY2009 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1047000 USD
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1293000 USD
CY2011 us-gaap Depletion
Depletion
1373000 USD
CY2010 us-gaap Depletion
Depletion
1289000 USD
CY2009 us-gaap Depletion
Depletion
841000 USD
CY2011 us-gaap Depreciation
Depreciation
33572000 USD
CY2010 us-gaap Depreciation
Depreciation
25500000 USD
CY2009 us-gaap Depreciation
Depreciation
15585000 USD
CY2010Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.376
CY2011 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RECENT ACCOUNTING PRONOUNCEMENTS </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2011, the FASB issued new guidance to achieve common fair value measurement and disclosure requirements between GAAP and International Financial Reporting Standards. This new guidance amends current fair value measurement and disclosure guidance to include increased transparency around valuation inputs and investment categorization. This new guidance is effective for fiscal years and interim periods beginning after December 15, 2011. Intrepid does not believe the adoption of the new guidance will have an impact on its consolidated financial position, results of operations or cash flows. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2011, the FASB issued new guidance on the presentation of comprehensive income. Specifically, the new guidance allows an entity to present components of net income and other comprehensive income in one continuous statement, referred to as the statement of comprehensive income, or in two separate, but consecutive statements. The new guidance eliminates the current option to report other comprehensive income and its components in the statement of changes in equity. While the new guidance changes the presentation of comprehensive income, there are no changes to the components that are recognized in net income or other comprehensive income under current accounting guidance. This new guidance is effective for fiscal years and interim periods beginning after December 15, 2011. Intrepid does not believe the adoption of the new guidance will have an impact on its consolidated financial position, results of operations or cash flows.</font></div></div>
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.46
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
CY2009 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2010Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2010Q3 us-gaap Earnings Per Share Basic
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0.16
CY2010Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.41
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.45
CY2009 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2010Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2010Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2010Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2010Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.396
CY2009 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.4
CY2011Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12370000 USD
CY2010Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8597000 USD
CY2009 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
413000 USD
CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2010 us-gaap Freight Costs
FreightCosts
29751000 USD
CY2009 us-gaap Freight Costs
FreightCosts
21469000 USD
CY2011 us-gaap Freight Costs
FreightCosts
28339000 USD
CY2010 us-gaap Gross Profit
GrossProfit
106071000 USD
CY2011 us-gaap Gross Profit
GrossProfit
186220000 USD
CY2009 us-gaap Gross Profit
GrossProfit
122115000 USD
CY2010Q1 us-gaap Gross Profit
GrossProfit
26876000 USD
CY2010Q4 us-gaap Gross Profit
GrossProfit
37646000 USD
CY2010Q2 us-gaap Gross Profit
GrossProfit
14741000 USD
CY2010Q3 us-gaap Gross Profit
GrossProfit
26808000 USD
CY2011Q1 us-gaap Gross Profit
GrossProfit
41217000 USD
CY2011Q4 us-gaap Gross Profit
GrossProfit
42758000 USD
CY2011Q2 us-gaap Gross Profit
GrossProfit
55138000 USD
CY2011Q3 us-gaap Gross Profit
GrossProfit
47107000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
175261000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
75043000 USD
CY2009 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
92247000 USD
CY2009 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36905000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
65850000 USD
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29758000 USD
CY2011 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
994000 USD
CY2010 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
0 USD
CY2009 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
561000 USD
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
61341000 USD
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
26272000 USD
CY2009 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
32286000 USD
CY2011 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
130000 USD
CY2010 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
262000 USD
CY2009 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
987000 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
9072000 USD
CY2009 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4193000 USD
CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3224000 USD
CY2010 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-3668000 USD
CY2009 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7239000 USD
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13878000 USD
CY2010Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
6543000 USD
CY2011Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
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CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6661000 USD
CY2009 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6152000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5225000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5537000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4598000 USD
CY2009 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2011 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-2051000 USD
CY2010 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-2821000 USD
CY2009 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-603000 USD
CY2010 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-13883000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9734000 USD
CY2009 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15807000 USD
CY2011 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1717000 USD
CY2010 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1436000 USD
CY2009 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1212000 USD
CY2009 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
86000 USD
CY2011 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
5743000 USD
CY2010 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
690000 USD
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1383000 USD
CY2009 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1642000 USD
CY2010 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1418000 USD
CY2009 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
-10000 USD
CY2011 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
12500000 USD
CY2010 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
0 USD
CY2010Q4 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
2338000 USD
CY2011Q4 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
1049000 USD
CY2010Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
24398000 USD
CY2011Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
33084000 USD
CY2010Q4 us-gaap Inventory Net
InventoryNet
48094000 USD
CY2011Q4 us-gaap Inventory Net
InventoryNet
55390000 USD
CY2010Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
12536000 USD
CY2011Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
14517000 USD
CY2010Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
11160000 USD
CY2011Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
7789000 USD
CY2009 us-gaap Investment Income Interest
InvestmentIncomeInterest
161000 USD
CY2010 us-gaap Investment Income Interest
InvestmentIncomeInterest
819000 USD
CY2011 us-gaap Investment Income Interest
InvestmentIncomeInterest
1730000 USD
CY2010Q4 us-gaap Liabilities
Liabilities
71043000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
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CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
932870000 USD
CY2010Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
828884000 USD
CY2010Q4 us-gaap Liabilities Current
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45405000 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
49675000 USD
CY2010Q4 us-gaap Long Term Investments
LongTermInvestments
21298000 USD
CY2011Q4 us-gaap Long Term Investments
LongTermInvestments
6180000 USD
CY2009 us-gaap Mineral Extraction Processing And Marketing Costs
MineralExtractionProcessingAndMarketingCosts
127822000 USD
CY2011 us-gaap Mineral Extraction Processing And Marketing Costs
MineralExtractionProcessingAndMarketingCosts
213670000 USD
CY2010 us-gaap Mineral Extraction Processing And Marketing Costs
MineralExtractionProcessingAndMarketingCosts
211663000 USD
CY2010Q4 us-gaap Mineral Properties Accumulated Depletion
MineralPropertiesAccumulatedDepletion
8431000 USD
CY2011Q4 us-gaap Mineral Properties Accumulated Depletion
MineralPropertiesAccumulatedDepletion
9773000 USD
CY2011 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">COMPANY BACKGROUND</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Intrepid Potash,&#160;Inc. (individually or in any combination with its subsidiaries, &#8220;Intrepid&#8221;) produces muriate of potash (&#8220;potassium chloride&#8221; or &#8220;potash&#8221;); langbeinite; and by-products including salt, magnesium chloride and metal recovery salts. The processing of langbeinite ore results in sulfate of potash magnesia, which is marketed for sale as Trio</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;">. Intrepid owns </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">five</font><font style="font-family:inherit;font-size:10pt;"> active potash production facilities, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> in New Mexico, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> in Utah. Production comes from </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> underground mines in the Carlsbad region of New Mexico; a solar evaporation solution mine near Moab, Utah; and a solar evaporation shallow brine mine in Wendover, Utah. Intrepid manages sales and marketing operations centrally to evaluate the product needs of its customers and then determine which of its production facilities to utilize in order to fill customers&#8217; orders in a manner designed to realize the highest average net realized sales price to Intrepid. As such, product inventory levels and overall productions costs are monitored centrally. Intrepid has </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</font><font style="font-family:inherit;font-size:10pt;"> reporting segment being the extraction, production, and sale of potassium related products, and its extraction and production operations are conducted entirely in the continental United States.</font></div></div>
CY2011 us-gaap Net Cash Provided By Used In Continuing Operations
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-2761000 USD
CY2009 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-26781000 USD
CY2010 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-13659000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-669000 USD
CY2009 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1324000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1828000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-136284000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-174802000 USD
CY2009 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-106521000 USD
CY2009 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
81064000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
173869000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
123294000 USD
CY2009 us-gaap Net Income Loss Available To Common Stockholders Basic
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55342000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
109411000 USD
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
45285000 USD
CY2010Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11659000 USD
CY2010Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3602000 USD
CY2010Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18178000 USD
CY2010Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2011Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28279000 USD
CY2011Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24917000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25507000 USD
CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30708000 USD
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NontradeReceivablesCurrent
1161000 USD
CY2011Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
6898000 USD
CY2010 us-gaap Operating Income Loss
OperatingIncomeLoss
75334000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
173877000 USD
CY2009 us-gaap Operating Income Loss
OperatingIncomeLoss
92407000 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
15500000 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
3370000 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1398000 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1444000 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2806000 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3132000 USD
CY2011Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
3350000 USD
CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
6622000 USD
CY2009 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5618000 USD
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
4865000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
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3949000 USD
CY2010Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5311000 USD
CY2009 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
0 USD
CY2011 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-131000 USD
CY2010 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
0 USD
CY2009 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
696000 USD
CY2010 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
-44000 USD
CY2011 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
-698000 USD
CY2009 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-240000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
1153000 USD
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
72000 USD
CY2011 us-gaap Other Comprehensive Income Minimum Pension Liability Net Adjustment Tax
OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentTax
451000 USD
CY2010 us-gaap Other Comprehensive Income Minimum Pension Liability Net Adjustment Tax
OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentTax
28000 USD
CY2009 us-gaap Other Comprehensive Income Minimum Pension Liability Net Adjustment Tax
OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentTax
456000 USD
CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
31000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-31000 USD
CY2011 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
-7714000 USD
CY2009 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
643000 USD
CY2010 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
911000 USD
CY2011Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1476000 USD
CY2010Q4 us-gaap Other Liabilities Current
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1578000 USD
CY2010Q4 us-gaap Other Liabilities Noncurrent
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CY2011Q4 us-gaap Other Liabilities Noncurrent
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CY2011 us-gaap Other Noncash Income Expense
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CY2009 us-gaap Other Noncash Income Expense
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CY2010 us-gaap Other Nonoperating Income Expense
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CY2011 us-gaap Other Nonoperating Income Expense
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CY2009 us-gaap Other Nonoperating Income Expense
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CY2009 us-gaap Payments For Proceeds From Other Investing Activities
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CY2011 us-gaap Payments To Acquire Property Plant And Equipment
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CY2009 us-gaap Payments To Acquire Property Plant And Equipment
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CY2010 us-gaap Payments For Proceeds From Other Investing Activities
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CY2009 us-gaap Payments Of Debt Issuance Costs
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CY2010 us-gaap Payments Of Debt Issuance Costs
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CY2010 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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CY2011 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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CY2009 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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CY2009 us-gaap Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
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CY2010 us-gaap Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
1571000 USD
CY2011 us-gaap Payments To Acquire Mining Assets
PaymentsToAcquireMiningAssets
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PaymentsToAcquirePropertyPlantAndEquipment
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CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5015000 USD
CY2010Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
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CY2011 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
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CY2009 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
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CY2010 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
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ProceedsFromSaleMaturityAndCollectionsOfInvestments
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CY2010 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
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CY2009 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
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ProceedsFromSaleOfRestrictedInvestments
0 USD
CY2010 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
0 USD
CY2009 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
2098000 USD
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ProceedsFromStockOptionsExercised
0 USD
CY2010 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
102000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
330000 USD
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CY2010Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
285920000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
500000 USD
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CY2011Q1 us-gaap Revenue Mineral Sales
RevenueMineralSales
104978000 USD
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RevenueMineralSales
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CY2011Q4 us-gaap Revenue Mineral Sales
RevenueMineralSales
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RevenueMineralSales
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CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
198793000 USD
CY2011 us-gaap Revenue Mineral Sales
RevenueMineralSales
442954000 USD
CY2010 us-gaap Revenue Mineral Sales
RevenueMineralSales
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CY2009 us-gaap Revenue Mineral Sales
RevenueMineralSales
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CY2010Q2 us-gaap Revenue Mineral Sales
RevenueMineralSales
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CY2010Q1 us-gaap Revenue Mineral Sales
RevenueMineralSales
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CY2010Q3 us-gaap Revenue Mineral Sales
RevenueMineralSales
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CY2010Q4 us-gaap Revenue Mineral Sales
RevenueMineralSales
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CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
4016000 USD
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
31807000 USD
CY2010 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29122000 USD
CY2009 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
28375000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
4984000 USD
CY2009 us-gaap Share Based Compensation
ShareBasedCompensation
2909000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod
first three anniversary dates
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights
one-third
CY2010Q4 us-gaap Short Term Investments
ShortTermInvestments
45557000 USD
CY2011Q4 us-gaap Short Term Investments
ShortTermInvestments
97242000 USD
CY2009 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2909000 USD
CY2010 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4016000 USD
CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4984000 USD
CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
102000 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
330000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
871133000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2008Q4 us-gaap Stockholders Equity
StockholdersEquity
651599000 USD
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
709222000 USD
CY2011 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1289000 USD
CY2009 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1441000 USD
CY2010 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
620000 USD
CY2011 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Intrepid bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results may differ significantly from these estimates under different assumptions or conditions.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant estimates with regard to Intrepid&#8217;s consolidated financial statements include the estimate of proven and probable mineral reserve volumes, the related present value of estimated future net cash flows, useful lives of plant assets, asset retirement obligations, normal inventory production levels, inventory valuations, the valuation of equity awards, the valuation of derivative financial instruments, and estimated statutory income tax rates utilized in the current and deferred income tax calculations. There are numerous uncertainties inherent in estimating quantities of proven and probable reserves, projecting future rates of production, and the timing of development expenditures. Future mineral prices may vary significantly from the prices in effect at the time the estimates are made, as may estimates of future operating costs. The estimate of proven and probable mineral reserve volumes, useful lives of plant assets, and the related present value of estimated future net cash flows can affect depletion, the net carrying value of Intrepid&#8217;s mineral properties, and the useful lives of related property, plant and equipment, as well as depreciation expenses.</font></div></div>
CY2011 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3699000 USD
CY2010 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 USD
CY2009 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 USD
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75154251 shares
CY2009 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75042050 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75281050 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75180714 shares
CY2009 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75014569 shares
CY2010 ipi Abnormal Production Costs
AbnormalProductionCosts
470000 USD
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75084431 shares
CY2011 ipi Abnormal Production Costs
AbnormalProductionCosts
0 USD
CY2011Q4 ipi Asset Retirement Obligation Credit Adjusted Risk Free Rate To Discount Liabilities High End Of Range
AssetRetirementObligationCreditAdjustedRiskFreeRateToDiscountLiabilitiesHighEndOfRange
0.085
CY2009 ipi Abnormal Production Costs
AbnormalProductionCosts
21525000 USD
CY2010Q3 ipi Abnormal Production Costs
AbnormalProductionCosts
0 USD
CY2010Q4 ipi Abnormal Production Costs
AbnormalProductionCosts
0 USD
CY2010Q1 ipi Abnormal Production Costs
AbnormalProductionCosts
470000 USD
CY2010Q2 ipi Abnormal Production Costs
AbnormalProductionCosts
0 USD
CY2011Q4 ipi Asset Retirement Obligation Credit Adjusted Risk Free Rate To Discount Liabilities Low End Of Range
AssetRetirementObligationCreditAdjustedRiskFreeRateToDiscountLiabilitiesLowEndOfRange
0.069
CY2011Q4 ipi Asset Retirement Obligation Undiscounted Amount
AssetRetirementObligationUndiscountedAmount
33400000 USD
CY2010Q4 ipi Deferred Tax Assets Liabilities Property Plant And Equipment
DeferredTaxAssetsLiabilitiesPropertyPlantAndEquipment
255509000 USD
CY2011Q4 ipi Deferred Tax Assets Liabilities Property Plant And Equipment
DeferredTaxAssetsLiabilitiesPropertyPlantAndEquipment
203257000 USD
CY2011Q4 ipi Deferred Tax Assets Other Noncurrent
DeferredTaxAssetsOtherNoncurrent
8393000 USD
CY2011Q4 ipi Cash And Cash Equivalents And Investments
CashAndCashEquivalentsAndInvestments
176794000 USD
CY2010Q4 ipi Cash And Cash Equivalents And Investments
CashAndCashEquivalentsAndInvestments
142988000 USD
CY2010Q4 ipi Deferred Insurance Proceeds Noncurrent
DeferredInsuranceProceedsNoncurrent
11700000 USD
CY2011Q4 ipi Deferred Insurance Proceeds Noncurrent
DeferredInsuranceProceedsNoncurrent
0 USD
CY2010Q4 ipi Deferred Tax Assets Liabilities Other
DeferredTaxAssetsLiabilitiesOther
-587000 USD
CY2011Q4 ipi Deferred Tax Assets Liabilities Other
DeferredTaxAssetsLiabilitiesOther
-106000 USD
CY2010Q4 ipi Deferred Tax Assets Liabilities Prepaid Expenses
DeferredTaxAssetsLiabilitiesPrepaidExpenses
-1452000 USD
CY2011Q4 ipi Deferred Tax Assets Liabilities Prepaid Expenses
DeferredTaxAssetsLiabilitiesPrepaidExpenses
-1866000 USD
CY2010Q4 ipi Deferred Tax Assets Other Noncurrent
DeferredTaxAssetsOtherNoncurrent
6683000 USD
CY2009 ipi Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitObligationDiscountRate
0.060
CY2010 ipi Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitObligationDiscountRate
0.053
CY2011 ipi Defined Benefit Plan Target Allocation Percentage Of Assets Absolute Returns Range Maximum
DefinedBenefitPlanTargetAllocationPercentageOfAssetsAbsoluteReturnsRangeMaximum
0.30
CY2011 ipi Defined Benefit Plan Target Allocation Percentage Of Assets Absolute Returns Range Minimum
DefinedBenefitPlanTargetAllocationPercentageOfAssetsAbsoluteReturnsRangeMinimum
0.00
CY2011 ipi Defined Benefit Plan Target Allocation Percentage Of Assets Cash
DefinedBenefitPlanTargetAllocationPercentageOfAssetsCash
0.05
CY2009 ipi Defined Benefit Plan Unrecognized Actuarial Gain Loss
DefinedBenefitPlanUnrecognizedActuarialGainLoss
1146000 USD
CY2011 ipi Defined Benefit Plan Unrecognized Actuarial Gain Loss
DefinedBenefitPlanUnrecognizedActuarialGainLoss
2501000 USD
CY2010 ipi Defined Benefit Plan Unrecognized Actuarial Gain Loss
DefinedBenefitPlanUnrecognizedActuarialGainLoss
1217000 USD
CY2011 ipi Defined Contribution Plan Maximum Employer Contributions Match Percent Condition One
DefinedContributionPlanMaximumEmployerContributionsMatchPercentConditionOne
0.03
CY2011 ipi Defined Contribution Plan Maximum Employer Contributions Match Percent Condition Two
DefinedContributionPlanMaximumEmployerContributionsMatchPercentConditionTwo
0.05
CY2009 ipi Depreciation Depletion Amortization And Accretion
DepreciationDepletionAmortizationAndAccretion
17327000 USD
CY2011 ipi Depreciation Depletion Amortization And Accretion
DepreciationDepletionAmortizationAndAccretion
35787000 USD
CY2010 ipi Depreciation Depletion Amortization And Accretion
DepreciationDepletionAmortizationAndAccretion
27715000 USD
CY2011Q4 ipi Federal Deposit Insurance Corporation Coverage Limit
FederalDepositInsuranceCorporationCoverageLimit
250000 USD
CY2011 ipi Impairment Of Product Inventory
ImpairmentOfProductInventory
698000 USD
CY2009 ipi Impairment Of Product Inventory
ImpairmentOfProductInventory
440000 USD
CY2010 ipi Impairment Of Product Inventory
ImpairmentOfProductInventory
666000 USD
CY2010 ipi Incremental Common Shares Attributable To Nonvested Restricted Common Stock
IncrementalCommonSharesAttributableToNonvestedRestrictedCommonStock
52000 shares
CY2011 ipi Incremental Common Shares Attributable To Nonvested Restricted Common Stock
IncrementalCommonSharesAttributableToNonvestedRestrictedCommonStock
58000 shares
CY2009 ipi Incremental Common Shares Attributable To Nonvested Restricted Common Stock
IncrementalCommonSharesAttributableToNonvestedRestrictedCommonStock
25000 shares
CY2009 ipi Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
2000 shares
CY2011 ipi Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
42000 shares
CY2010 ipi Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
18000 shares
CY2010 ipi Interest Expense Including Gain Loss On Derivative
InterestExpenseIncludingGainLossOnDerivative
1513000 USD
CY2009 ipi Interest Expense Including Gain Loss On Derivative
InterestExpenseIncludingGainLossOnDerivative
806000 USD
CY2011 ipi Interest Expense Including Gain Loss On Derivative
InterestExpenseIncludingGainLossOnDerivative
869000 USD
CY2009 ipi Interest Including Settlements On Derivatives
InterestIncludingSettlementsOnDerivatives
1937000 USD
CY2011 ipi Interest Including Settlements On Derivatives
InterestIncludingSettlementsOnDerivatives
1348000 USD
CY2010 ipi Interest Including Settlements On Derivatives
InterestIncludingSettlementsOnDerivatives
2133000 USD
CY2011Q4 ipi Inventory Current And Noncurrent Net
InventoryCurrentAndNoncurrentNet
64949000 USD
CY2010Q4 ipi Inventory Current And Noncurrent Net
InventoryCurrentAndNoncurrentNet
55215000 USD
CY2010Q4 ipi Long Term Parts Inventory Noncurrent
LongTermPartsInventoryNoncurrent
7121000 USD
CY2011Q4 ipi Long Term Parts Inventory Noncurrent
LongTermPartsInventoryNoncurrent
9559000 USD
CY2011 ipi Related Party Transaction Reimbursement Percentage In Addition To Cost
RelatedPartyTransactionReimbursementPercentageInAdditionToCost
0.10
CY2011 ipi Reporting Segments Number
ReportingSegmentsNumber
1 Reporting_Segments
CY2011 ipi Maximum Maturity Period Of Short Term Investments Description
MaximumMaturityPeriodOfShortTermInvestmentsDescription
less than or equal to one year
CY2011 ipi Maximum Original Maturity Period Of Cash And Liquid Investments Description
MaximumOriginalMaturityPeriodOfCashAndLiquidInvestmentsDescription
three months or less
CY2011Q4 ipi Mineral Properties And Development Costs Net
MineralPropertiesAndDevelopmentCostsNet
33482000 USD
CY2010Q4 ipi Mineral Properties And Development Costs Net
MineralPropertiesAndDevelopmentCostsNet
34372000 USD
CY2011 ipi Mineral Properties Estimated Useful Life Upper Limit
MineralPropertiesEstimatedUsefulLifeUpperLimit
P25Y
CY2011 ipi Minimum Maturity Period Of Long Term Investments Description
MinimumMaturityPeriodOfLongTermInvestmentsDescription
greater than one year
CY2011 ipi Number Of Potash Production Facilities Owned
NumberOfPotashProductionFacilitiesOwned
5 Facilities
CY2011Q4 ipi Number Of Primary Markets
NumberOfPrimaryMarkets
3 markets
CY2011 ipi Operating Lease Contract Term Maximum
OperatingLeaseContractTermMaximum
P20Y
CY2010 ipi Payments To Fund Employee Tax Withholding Due Upon Vesting Of Restricted Common Stock
PaymentsToFundEmployeeTaxWithholdingDueUponVestingOfRestrictedCommonStock
771000 USD
CY2011 ipi Payments To Fund Employee Tax Withholding Due Upon Vesting Of Restricted Common Stock
PaymentsToFundEmployeeTaxWithholdingDueUponVestingOfRestrictedCommonStock
1117000 USD
CY2009 ipi Payments To Fund Employee Tax Withholding Due Upon Vesting Of Restricted Common Stock
PaymentsToFundEmployeeTaxWithholdingDueUponVestingOfRestrictedCommonStock
1324000 USD
CY2011 ipi Pension Plan Termination Current Benefits Lump Sum Interest Rate
PensionPlanTerminationCurrentBenefitsLumpSumInterestRate
0.033
CY2011 ipi Pension Plan Termination Current Benefits Other Annuity Benefits Interest Rate
PensionPlanTerminationCurrentBenefitsOtherAnnuityBenefitsInterestRate
0.038
CY2011 ipi Pension Plan Termination Noncurrent Benefits Lump Sum Interest Rate For Years Five To Nineteen
PensionPlanTerminationNoncurrentBenefitsLumpSumInterestRateForYearsFiveToNineteen
0.0447
CY2011 ipi Pension Plan Termination Noncurrent Benefits Lump Sum Interest Rate For Years Twenty And After
PensionPlanTerminationNoncurrentBenefitsLumpSumInterestRateForYearsTwentyAndAfter
0.053
CY2011 ipi Pension Plan Termination Noncurrent Benefits Lump Sum Interest Rate For Years Zero To Four
PensionPlanTerminationNoncurrentBenefitsLumpSumInterestRateForYearsZeroToFour
0.020
CY2011 ipi Period In Which No Significant Payments Are Expected
PeriodInWhichNoSignificantPaymentsAreExpected
5
CY2011 ipi Period To Classify Inventory As Noncurrent
PeriodToClassifyInventoryAsNoncurrent
P1Y
CY2011Q4 ipi Reclamation Deposits And Surety Bonds
ReclamationDepositsAndSuretyBonds
7900000 USD
CY2011Q3 ipi Refundable Employment Credit Other Income
RefundableEmploymentCreditOtherIncome
3200000 USD
CY2011Q2 ipi Refundable Employment Credit Other Income
RefundableEmploymentCreditOtherIncome
4700000 USD
CY2011Q2 ipi Refundable Employment Credit Receivable
RefundableEmploymentCreditReceivable
4700000 USD
CY2011Q3 ipi Refundable Employment Credit Receivable
RefundableEmploymentCreditReceivable
4300000 USD
CY2011 dei Document Type
DocumentType
10-K
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0001421461
CY2011 ipi Surety Bond Fee Percentage
SuretyBondFeePercentage
0.012
CY2011Q4 ipi Surety Bonds
SuretyBonds
7400000 USD
CY2011 ipi Vesting Of Restricted Common Stock Net Of Restricted Common Stock Used To Fund Employee Income Tax Withholding Due Upon Vesting Value
VestingOfRestrictedCommonStockNetOfRestrictedCommonStockUsedToFundEmployeeIncomeTaxWithholdingDueUponVestingValue
1117000 USD
CY2010 ipi Vesting Of Restricted Common Stock Net Of Restricted Common Stock Used To Fund Employee Income Tax Withholding Due Upon Vesting Value
VestingOfRestrictedCommonStockNetOfRestrictedCommonStockUsedToFundEmployeeIncomeTaxWithholdingDueUponVestingValue
771000 USD
CY2009 ipi Vesting Of Restricted Common Stock Net Of Restricted Common Stock Used To Fund Employee Income Tax Withholding Due Upon Vesting Value
VestingOfRestrictedCommonStockNetOfRestrictedCommonStockUsedToFundEmployeeIncomeTaxWithholdingDueUponVestingValue
1324000 USD
CY2009 ipi Warehousing And Handling Costs
WarehousingAndHandlingCosts
8432000 USD
CY2011 ipi Warehousing And Handling Costs
WarehousingAndHandlingCosts
14027000 USD
CY2010 ipi Warehousing And Handling Costs
WarehousingAndHandlingCosts
10683000 USD
CY2011 dei Amendment Flag
AmendmentFlag
false
CY2011 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-31
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
75207533 shares
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2011Q2 dei Entity Public Float
EntityPublicFloat
52443434 USD
CY2011 dei Entity Registrant Name
EntityRegistrantName
Intrepid Potash, Inc.
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

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