Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 143,717 $ 149,036
Accounts receivable - net of allowance for credit losses of $5,340 and $1,049, respectively 222,378 212,183
Inventories 3,296 2,436
Prepaid expenses 7,934 10,815
Other current assets 637 1,121
Total current assets 377,962 375,591
PROPERTY AND EQUIPMENT - net of accumulated depreciation 1,018,660 1,047,535
OPERATING LEASE RIGHT-OF-USE ASSETS 921 989
OTHER NONCURRENT ASSETS:    
Goodwill 0 9,425
Other noncurrent assets 2,347 2,571
Total other noncurrent assets 2,347 11,996
TOTAL ASSETS 1,399,890 1,436,111
CURRENT LIABILITIES:    
Accounts payable 198,437 193,096
Operating lease liabilities 309 302
Finance lease liabilities 0 2,831
Accrued and other current liabilities 26,916 36,343
Accrued interest payable 263 394
Total current liabilities 225,925 232,966
DEFERRED INCOME TAXES 101,729 103,041
LONG-TERM DEBT 110,000 130,000
NONCURRENT OPERATING LEASE LIABILITIES 720 799
Total liabilities 438,374 466,806
COMMITMENTS AND CONTINGENCIES (Note 10)
SHAREHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value, 30,000,000 shares authorized, none issued, respectively 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized,100,777,670 and 100,624,099 shares issued, respectively 101 101
Additional paid-in capital 826,644 826,629
Retained earnings 134,771 142,575
Total shareholders’ equity 961,516 969,305
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,399,890 $ 1,436,111