Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
 [1]
Current assets:    
Cash and cash equivalents (including $1,680 and $3,192 from VIEs in 2016 and 2015, respectively) $ 32,144 $ 14,370
Receivables:    
Trade, net of allowance for doubtful accounts of $1,214 and $2,103 in 2016 and 2015, respectively (including $6,254 and $8,240 from VIEs in 2016 and 2015, respectively) 34,300 48,639
Tax receivables 0 6,085
Other (including $1,008 and $179 from VIEs in 2016 and 2015, respectively) 6,490 3,305
Inventories, net (including $61 and $2,240 from VIEs in 2016 and 2015, respectively) 26,615 27,994
Prepaid expenses (including $129 and $0 from VIEs in 2016 and 2015, respectively) 1,799 1,963
Other current assets 190 191
Total current assets 101,538 102,547
Property and equipment (including $821 and $730 from VIEs in 2016 and 2015, respectively) 1,175,131 1,175,909
Accumulated depreciation (including $67 and $30 from VIEs in 2016 and 2015, respectively) (347,113) (316,693)
Property and equipment, net 828,018 859,216
Equity investments and advances 29,595 28,898
Intangible assets 1,141 1,158
Other assets (including $4,210 and $3,367 from VIEs in 2016 and 2015, respectively) 11,177 12,532
Total assets 971,469 1,004,351
Current liabilities:    
Accounts payable and accrued expenses (including $1,444 and $1,709 from VIEs in 2016 and 2015, respectively) 9,132 12,000
Accrued wages and benefits (including $2,452 and $2,108 from VIEs in 2016 and 2015, respectively) 9,077 9,012
Accrued interest 3,363 562
Accrued income taxes 550 0
Accrued other taxes (including $1,172 and $1,701 from VIEs in 2016 and 2015, respectively) 2,311 2,520
Accrued contingencies (including $1,543 and $2,410 from VIEs in 2016 and 2015, respectively) 1,543 2,410
Current portion of long-term debt (including $0 and $1,524 from VIEs in 2016 and 2015, respectively) 1,539 3,278
Other current liabilities (including $8 and $450 from VIEs in 2016 and 2015, respectively) 2,470 2,300
Total current liabilities 29,985 32,082
Long-term debt (including $0 and $5,259 from VIEs in 2016 and 2015, respectively) 232,655 263,698
Deferred income taxes 227,417 229,848
Other liabilities (including $3,032 and $729 from VIEs in 2016 and 2015, respectively) 4,280 2,616
Total liabilities 494,337 528,244
Commitments and contingencies
Redeemable noncontrolling interest 4,331 4,804
Equity:    
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,940,372 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares 211 207
Additional paid-in capital 437,291 433,175
Retained earnings 38,062 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 472,801 471,303
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 971,469 $ 1,004,351
[1] Adjusted for the adoption of Accounting Standards Update (“ASU”) 2015-03 on January 1, 2016 whereby $2,740 of debt issuance costs previously included in other assets are now included in long-term debt.