Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 113,518 $ 117,366
Receivables:    
Trade, operating, net of allowance for doubtful accounts 34,102 32,730
Trade, dry-leasing 5,754 5,234
Tax receivables 2,159 2,860
Other 15,006 15,421
Inventories, net 19,941 20,066
Prepaid expenses 3,412 2,184
Total current assets 193,892 195,861
Property and equipment 893,585 895,063
Accumulated depreciation (345,457) (338,164)
Property and equipment, net 548,128 556,899
Operating lease right-of-use 8,672 9,468
Intangible assets 92 96
Other assets 1,726 2,191
Total assets 752,510 764,515
Current liabilities:    
Accounts payable and accrued expenses 12,475 12,923
Accrued wages and benefits 6,565 10,554
Accrued interest 3,309 520
Accrued income taxes 2,297 3,612
Accrued other taxes 1,539 937
Accrued contingencies 701 598
Current portion of long-term debt 17,901 18,317
Other current liabilities 3,310 3,315
Total current liabilities 48,097 50,776
Long-term debt 142,004 141,832
Deferred income taxes 101,984 103,793
Operating lease liabilities 7,103 7,815
Deferred gains and other liabilities 920 745
Total liabilities 300,108 304,961
Commitments and contingencies (see Note 7)
Redeemable noncontrolling interest 2,752 2,812
Equity:    
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,756,272 and 21,285,613 outstanding in 2020 and 2019, respectively, exclusive of treasury shares 230 224
Additional paid-in capital 452,701 452,009
Retained earnings 7,463 14,692
Treasury shares, at cost; 1,236,282 and 1,152,826 shares in 2020 and 2019, respectively (10,744) (10,183)
Total equity 449,650 456,742
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 752,510 $ 764,515