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 $ 78,164 $ 23,949
Accounts receivable - net of allowance for doubtful accounts of $457 and $443, respectively 252,390 199,656
Inventories 6,681 6,184
Prepaid expenses 2,911 5,123
Other current assets 1,179 748
Total current assets 341,325 235,660
PROPERTY AND EQUIPMENT - Net of accumulated depreciation 586,218 470,910
OTHER NONCURRENT ASSETS:    
Goodwill 9,425 9,425
Intangible assets - net of amortization 85 301
Deferred revenue rebate - net of amortization 0 615
Other noncurrent assets 2,665 2,121
Total other noncurrent assets 12,175 12,462
TOTAL ASSETS 939,718 719,032
CURRENT LIABILITIES:    
Accounts payable 250,074 211,149
Accrued and other current liabilities 20,774 16,607
Current portion of long-term debt 9,088 15,764
Accrued interest payable 480 76
Total current liabilities 280,416 243,596
DEFERRED INCOME TAXES 39,958 4,881
LONG-TERM DEBT 80,000 57,178
OTHER LONG-TERM LIABILITIES 125 125
Total liabilities 400,499 305,780
COMMITMENTS AND CONTINGENCIES (Note 9)
SHAREHOLDERS’ EQUITY:    
Common stock, $0.001 par value, 200,000,000 shares authorized, 83,543,839 and 83,039,854 shares issued, respectively 84 83
Additional paid-in capital 611,348 607,466
Accumulated deficit (72,213) (194,297)
Total shareholders’ equity 539,219 413,252
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 939,718 $ 719,032