Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents (including $1,430 and $1,448 from VIEs in 2017 and 2016, respectively) $ 28,878 $ 26,950
Receivables:    
Trade, net of allowance for doubtful accounts of $1,249 and $1,219 in 2017 and 2016, respectively (including $4,788 and $5,989 from VIEs in 2017 and 2016, respectively) 32,824 32,470
Tax receivables (including $2,984 and $3,448 from VIEs in 2017 and 2016, respectively) 3,000 3,461
Other (including $881 and $1,019 from VIEs in 2017 and 2016, respectively) 3,172 2,716
Inventories, net (including $22 and $46 from VIEs in 2017 and 2016, respectively) 24,296 25,417
Prepaid expenses (including $95 and $158 from VIEs in 2017 and 2016, respectively) 2,518 1,579
Escrow deposits 0 3,777
Total current assets 94,688 96,370
Property and equipment (including $952 and $844 from VIEs in 2017 and 2016, respectively) 1,164,048 1,154,028
Accumulated depreciation (including $198 and $98 from VIEs in 2017 and 2016, respectively) (353,830) (332,219)
Property and equipment, net 810,218 821,809
Equity investments and advances 29,852 29,266
Intangible assets 1,129 1,137
Other assets (including $61 and $48 from VIEs in 2017 and 2016, respectively) 5,593 6,591
Total assets 941,480 955,173
Current liabilities:    
Accounts payable and accrued expenses (including $1,976 and $1,788 from VIEs in 2017 and 2016, respectively) 12,884 8,876
Accrued wages and benefits (including $1,754 and $2,009 from VIEs in 2017 and 2016, respectively) 8,708 8,507
Accrued interest 527 529
Accrued income taxes 291 666
Accrued other taxes (including $505 and $773 from VIEs in 2017 and 2016, respectively) 1,145 1,447
Accrued contingencies (including $1,334 and $1,237 from VIEs in 2017 and 2016, respectively) 1,334 1,237
Current portion of long-term debt (including $638 and $615 from VIEs in 2017 and 2016, respectively) 2,161 2,139
Other current liabilities (including $8 from VIEs in 2017 and 2016) 2,590 2,222
Total current liabilities 29,640 25,623
Long-term debt (including $2,538 and $2,767 from VIEs in 2017 and 2016, respectively) 221,354 230,139
Deferred income taxes 222,724 225,472
Other liabilities 944 1,301
Total liabilities 474,662 482,535
Commitments and contingencies (see Note 8)
Redeemable noncontrolling interest 3,769 4,221
Equity:    
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,279,467 and 20,936,636 outstanding in 2017 and 2016, respectively, exclusive of treasury shares 215 211
Additional paid-in capital 441,595 438,489
Retained earnings 24,117 32,524
Treasury shares, at cost, 179,730 and 175,350 shares in 2017 and 2016, respectively (2,968) (2,899)
Accumulated other comprehensive income, net of tax 90 92
Total equity 463,049 468,417
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 941,480 $ 955,173