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, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents (including $1,565 and $1,699 from VIEs in 2018 and 2017, respectively) $ 15,057 $ 13,583
Receivables:    
Trade, operating, net of allowance for doubtful accounts of $903 and $1,196 in 2018 and 2017, respectively (including $5,562 and $5,854 from VIEs in 2018 and 2017, respectively) 35,346 33,840
Trade, dry-leasing 3,940 5,124
Tax receivables (including $3,206 and $2,828 from VIEs in 2018 and 2017, respectively) 3,206 2,829
Other (including $51 and $257 from VIEs in 2018 and 2017, respectively) 1,451 1,623
Inventories, net (including $54 and $39 from VIEs in 2018 and 2017, respectively) 20,864 21,112
Prepaid expenses (including $96 and $40 from VIEs in 2018 and 2017, respectively) 2,548 1,203
Escrow deposits 0 3,250
Total current assets 82,412 82,564
Property and equipment (including $2,427 and $1,951 from VIEs in 2018 and 2017, respectively) 923,249 972,942
Accumulated depreciation (including $467 and $487 from VIEs in 2018 and 2017, respectively) (305,745) (299,028)
Property and equipment, net 617,504 673,914
Equity investments and advances 30,982 30,056
Intangible assets 1,115 1,122
Other assets (including $83 and $61 from VIEs in 2018 and 2017, respectively) 18,680 4,441
Total assets 750,693 792,097
Current liabilities:    
Accounts payable and accrued expenses (including $1,830 and $1,807 from VIEs in 2018 and 2017, respectively) 17,246 16,421
Accrued wages and benefits (including $1,487 and $1,397 from VIEs in 2018 and 2017, respectively) 7,516 8,264
Accrued interest 545 606
Accrued income taxes 40 28
Accrued other taxes (including $372 and $600 from VIEs in 2018 and 2017, respectively) 1,965 1,810
Accrued contingencies (including $946 and $858 from VIEs in 2018 and 2017, respectively) 946 859
Current portion of long-term debt (including $594 and $1,073 from VIEs in 2018 and 2017, respectively) 2,257 2,736
Other current liabilities (including $0 and $8 from VIEs in 2018 and 2017, respectively) 3,224 1,720
Total current liabilities 33,739 32,444
Long-term debt (including $49 and $1,903 from VIEs in 2018 and 2017, respectively) 172,787 202,174
Deferred income taxes 103,303 106,598
Other liabilities 1,350 1,434
Total liabilities 311,179 342,650
Commitments and contingencies (see Note 8)
Redeemable noncontrolling interest 3,466 3,766
Equity:    
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,688,376 and 21,319,150 outstanding in 2018 and 2017, respectively, exclusive of treasury shares 219 215
Additional paid-in capital 445,885 443,944
Retained earnings (accumulated deficit) (7,210) 4,363
Treasury shares, at cost; 215,141 shares in 2018 and 2017 (2,951) (2,951)
Accumulated other comprehensive income, net of tax 105 110
Total equity 436,048 445,681
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 750,693 $ 792,097