Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents (including $1,275 and $1,448 from VIEs in 2017 and 2016, respectively) $ 26,896 $ 26,950
Receivables:    
Trade, net of allowance for doubtful accounts of $1,227 and $1,219 in 2017 and 2016, respectively (including $6,155 and $5,989 from VIEs in 2017 and 2016, respectively) 38,608 32,470
Tax receivables (including $2,795 and $3,448 from VIEs in 2017 and 2016, respectively) 2,811 3,461
Other (including $823 and $1,019 from VIEs in 2017 and 2016, respectively) 2,486 2,716
Inventories, net (including $38 and $46 from VIEs in 2017 and 2016, respectively) 21,985 25,417
Prepaid expenses (including $34 and $158 from VIEs in 2017 and 2016, respectively) 2,439 1,579
Escrow deposits 0 3,777
Total current assets 95,225 96,370
Property and equipment (including $869 and $844 from VIEs in 2017 and 2016, respectively) 983,798 1,154,028
Accumulated depreciation (including $216 and $98 from VIEs in 2017 and 2016, respectively) (299,294) (332,219)
Property and equipment, net 684,504 821,809
Equity investments and advances 29,894 29,266
Intangible assets 1,126 1,137
Other assets (including $68 and $48 from VIEs in 2017 and 2016, respectively) 5,021 6,591
Total assets 815,770 955,173
Current liabilities:    
Accounts payable and accrued expenses (including $2,233 and $1,788 from VIEs in 2017 and 2016, respectively) 15,326 8,876
Accrued wages and benefits (including $2,034 and $2,009 from VIEs in 2017 and 2016, respectively) 8,350 8,507
Accrued interest 3,325 529
Accrued income taxes 38 666
Accrued other taxes (including $528 and $773 from VIEs in 2017 and 2016, respectively) 2,098 1,447
Accrued contingencies (including $1,288 and $1,237 from VIEs in 2017 and 2016, respectively) 1,288 1,237
Current portion of long-term debt (including $667 and $615 from VIEs in 2017 and 2016, respectively) 2,191 2,139
Other current liabilities (including $9 and $8 from VIEs in 2017 and 2016, respectively) 2,406 2,222
Total current liabilities 35,022 25,623
Long-term debt (including $2,483 and $2,767 from VIEs in 2017 and 2016, respectively) 215,025 230,139
Deferred income taxes 177,704 225,472
Other liabilities 1,069 1,301
Total liabilities 428,820 482,535
Commitments and contingencies (see Note 9)
Redeemable noncontrolling interest 4,002 4,221
Equity:    
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,328,653 and 20,936,636 outstanding in 2017 and 2016, respectively, exclusive of treasury shares 215 211
Additional paid-in capital 442,948 438,489
Retained earnings (57,331) 32,524
Treasury shares, at cost, 180,430 and 175,350 shares in 2017 and 2016, respectively (2,974) (2,899)
Accumulated other comprehensive income, net of tax 90 92
Total equity 382,948 468,417
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 815,770 $ 955,173