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, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents (including $1,007 and $1,699 from VIEs in 2018 and 2017, respectively)(1) [1] $ 47,631 $ 13,583
Receivables:    
Trade, operating, net of allowance for doubtful accounts of $854 and $1,196 in 2018 and 2017, respectively (including $5,834 and $5,854 from VIEs in 2018 and 2017, respectively) 35,655 33,840
Trade, dry-leasing 3,833 5,124
Tax receivables (including $3,117 and $2,828 from VIEs in 2018 and 2017, respectively) 3,117 2,829
Other (including $51 and $257 from VIEs in 2018 and 2017, respectively) 2,701 1,623
Inventories, net (including $31 and $39 from VIEs in 2018 and 2017, respectively) 20,157 21,112
Prepaid expenses (including $130 and $40 from VIEs in 2018 and 2017, respectively) 2,367 1,203
Restricted cash 0 3,250
Escrow deposits   3,250
Total current assets 115,461 82,564
Property and equipment (including $2,477 and $1,951 from VIEs in 2018 and 2017, respectively) 927,477 972,942
Accumulated depreciation (including $443 and $487 from VIEs in 2018 and 2017, respectively) (314,736) (299,028)
Property and equipment, net 612,741 673,914
Equity investments and advances 26,600 30,056
Intangible assets 1,111 1,122
Other assets (including $84 and $61 from VIEs in 2018 and 2017, respectively) 18,421 4,441
Total assets 774,334 792,097
Current liabilities:    
Accounts payable and accrued expenses (including $1,519 and $1,807 from VIEs in 2018 and 2017, respectively) 10,438 16,421
Accrued wages and benefits (including $1,541 and $1,397 from VIEs in 2018 and 2017, respectively) 8,605 8,264
Accrued interest 3,404 606
Accrued income taxes 2,993 28
Accrued other taxes (including $361 and $600 from VIEs in 2018 and 2017, respectively) 2,396 1,810
Accrued contingencies (including $1,014 and $858 from VIEs in 2018 and 2017, respectively) 1,014 859
Current portion of long-term debt (including $495 and $1,073 from VIEs in 2018 and 2017, respectively) 2,158 2,736
Other current liabilities (including $0 and $8 from VIEs in 2018 and 2017, respectively) 1,033 1,720
Total current liabilities 32,041 32,444
Long-term debt (including $0 and $1,903 from VIEs in 2018 and 2017, respectively) 160,476 202,174
Deferred income taxes 108,138 106,598
Other liabilities 1,753 1,434
Total liabilities 302,408 342,650
Commitments and contingencies (see Note 8)
Redeemable noncontrolling interest 3,456 3,766
Equity:    
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,763,250 and 21,319,150 outstanding in 2018 and 2017, respectively, exclusive of treasury shares 219 215
Additional paid-in capital 447,013 443,944
Retained earnings 24,079 4,363
Treasury shares, at cost; 215,141 shares in 2018 and 2017 (2,951) (2,951)
Accumulated other comprehensive income, net of tax 110 110
Total equity 468,470 445,681
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 774,334 $ 792,097
[1] Refer to footnote 5 for more detail on variable interest entities (“VIE”)