Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents (including $1,768 and $1,699 from VIEs in 2018 and 2017, respectively) $ 16,553 $ 13,583
Receivables:    
Trade, operating, net of allowance for doubtful accounts of $1,058 and $1,196 in 2018 and 2017, respectively (including $6,109 and $5,854 from VIEs in 2018 and 2017, respectively) 34,447 33,840
Trade, dry-leasing 4,253 5,124
Tax receivables (including $3,465 and $2,828 from VIEs in 2018 and 2017, respectively) 3,466 2,829
Other (including $939 and $257 from VIEs in 2018 and 2017, respectively) 4,168 1,623
Inventories, net (including $32 and $39 from VIEs in 2018 and 2017, respectively) 20,830 21,112
Prepaid expenses (including $66 and $40 from VIEs in 2018 and 2017, respectively) 2,804 1,203
Escrow deposits   3,250
Total current assets 86,521 82,564
Property and equipment (including $977 and $1,951 from VIEs in 2018 and 2017, respectively) 949,064 972,942
Accumulated depreciation (including $283 and $487 from VIEs in 2018 and 2017, respectively) (297,341) (299,028)
Property and equipment, net 651,723 673,914
Equity investments and advances 30,445 30,056
Intangible assets 1,118 1,122
Other assets (including $71 and $61 from VIEs in 2018 and 2017, respectively) 4,798 4,441
Total assets 774,605 792,097
Current liabilities:    
Accounts payable and accrued expenses (including $2,100 and $1,807 from VIEs in 2018 and 2017, respectively) 11,084 16,421
Accrued wages and benefits (including $1,629 and $1,397 from VIEs in 2018 and 2017, respectively) 6,530 8,264
Accrued interest 3,485 606
Accrued income taxes 46 28
Accrued other taxes (including $481 and $600 from VIEs in 2018 and 2017, respectively) 1,856 1,810
Accrued contingencies (including $892 and $858 from VIEs in 2018 and 2017, respectively) 892 859
Current portion of long-term debt (including $772 and $1,073 from VIEs in 2018 and 2017, respectively) 2,296 2,736
Other current liabilities (including $8 and $8 from VIEs in 2018 and 2017, respectively) 3,166 1,720
Total current liabilities 29,355 32,444
Long-term debt (including $467 and $1,903 from VIEs in 2018 and 2017, respectively) 188,470 202,174
Deferred income taxes 105,865 106,598
Other liabilities 1,596 1,434
Total liabilities 325,286 342,650
Commitments and contingencies (see Note 8)
Redeemable noncontrolling interest 3,603 3,766
Equity:    
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,688,959 and 21,319,150 outstanding in 2018 and 2017, respectively, exclusive of treasury shares 219 215
Additional paid-in capital 445,174 443,944
Retained earnings 3,169 4,363
Treasury shares, at cost, 215,141 and 215,141 shares in 2018 and 2017, respectively (2,951) (2,951)
Accumulated other comprehensive income, net of tax 105 110
Total equity 445,716 445,681
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 774,605 $ 792,097