Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
 [1]
Current assets:    
Cash and cash equivalents $ 39,160 $ 14,370
Receivables:    
Trade, net of allowance for doubtful accounts of $1,036 and $2,103 in 2016 and 2015, respectively 36,830 48,639
Tax receivables 6,011 6,085
Other 3,641 3,305
Inventories, net 27,764 27,994
Prepaid expenses 2,563 1,963
Other current assets 191 191
Total current assets 116,160 102,547
Property and equipment 1,172,242 1,175,909
Accumulated depreciation (336,722) (316,693)
Property and equipment, net 835,520 859,216
Equity investments and advances 29,299 28,898
Intangible assets 1,148 1,158
Other assets 12,719 12,532
Total assets 994,846 1,004,351
Current liabilities:    
Accounts payable and accrued expenses 15,473 12,000
Accrued wages and benefits 9,565 9,012
Accrued interest 612 562
Accrued other taxes 2,515 2,520
Accrued contingencies 1,280 2,410
Current portion of long-term debt 1,569 3,278
Other current liabilities 2,184 2,300
Total current liabilities 33,198 32,082
Long-term debt 252,940 263,698
Deferred income taxes 227,933 229,848
Other liabilities 4,418 2,616
Total liabilities 518,489 528,244
Commitments and contingencies
Redeemable noncontrolling interest 4,573 4,804
Equity:    
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares 211 207
Additional paid-in capital 435,714 433,175
Retained earnings 38,622 40,502
Treasury shares, at cost, 171,614 and 154,549 shares in 2016 and 2015, respectively (2,855) (2,673)
Accumulated other comprehensive income, net of tax 92 92
Total equity 471,784 471,303
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 994,846 $ 1,004,351
[1] Adjusted for the adoption of Accounting Standards Update (“ASU”) 2015-03 whereby $2,740 of debt issuance costs previously included in other assets is now included in long-term debt.