Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 25,108 $ 133,596
Accounts receivable - net of allowance for doubtful accounts of $512 and $552, respectively 147,820 115,179
Inventories 4,819 4,713
Prepaid expenses 6,933 4,608
Other current assets 3,689 6,684
Total current assets 188,369 264,780
PROPERTY AND EQUIPMENT - Net of accumulated depreciation 360,308 263,862
OTHER NONCURRENT ASSETS:    
Goodwill 9,425 9,425
Intangible assets - net of amortization 445 589
Deferred revenue rebate - net of amortization 1,539 2,462
Other noncurrent assets 1,830 304
Total other noncurrent assets 13,239 12,780
TOTAL ASSETS 561,916 541,422
CURRENT LIABILITIES:    
Accounts payable 155,956 129,093
Accrued liabilities 8,335 13,619
Current portion of long-term debt 6,337 16,920
Accrued interest payable 0 109
Total current liabilities 170,628 159,741
DEFERRED INCOME TAXES 1,259 1,148
LONG-TERM DEBT 10,210 159,407
OTHER LONG-TERM LIABILITIES 122 117
Total liabilities 182,219 320,413
COMMITMENTS AND CONTINGENCIES (Note 9)
SHAREHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value, 30,000,000 shares authorized, 0 and 16,999,990 shares issued, respectively 0 17
Preferred stock, additional paid-in capital 0 162,494
Common stock, $0.001 par value, 200,000,000 shares authorized, 83,039,854 and 52,627,652 shares issued, respectively 83 53
Additional paid-in capital 605,955 265,355
Accumulated deficit (226,341) (206,910)
Total shareholders’ equity 379,697 221,009
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 561,916 $ 541,422