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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 210,664 $ 194,069
Accounts receivable, net of allowance for doubtful accounts of $2,196 and $3,055 at March 31, 2017 and December 31, 2016, respectively 95,345 78,942
Inventories, net 61,688 52,650
Prepaid expenses and other assets 6,240 7,065
Refundable income taxes 19,132 21,077
Total current assets 393,069 353,803
Property, plant and equipment, net 722,461 727,735
Deferred income taxes 1,244 1,244
Goodwill 15,301 15,301
Intangibles, net 94,186 95,341
Other assets 9,023 9,486
Total assets 1,235,284 1,202,910
Current liabilities    
Current portion of long-term debt 11,617 10,707
Accounts payable 51,545 37,263
Accrued expenses and deferred revenue 45,435 26,185
Total current liabilities 108,597 74,155
Long-term debt 833,492 832,306
Deferred income taxes 6,893 7,057
Other long-term liabilities 43,105 38,272
Total liabilities 992,087 951,790
Commitments and contingent liabilities (Note 13)
Equity    
Preferred stock: $0.01 par value, 100,000 authorized shares Shares outstanding: 0 at March 31, 2017 and December 31, 2016
Common stock: $0.01 par value, 1,850,000 authorized shares Shares outstanding: 223,939 and 223,601 at March 31, 2017 and December 31, 2016, respectively 2,422 2,422
Additional paid-in capital 297,190 297,649
Retained earnings 252,831 264,852
Accumulated other comprehensive loss (18,683) (19,002)
Total equity attributable to Fairmount Santrol Holdings Inc. before treasury stock 533,760 545,921
Less: Treasury stock at cost Shares in treasury: 18,409 and 18,666 at March 31, 2017 and December 31, 2016, respectively (290,813) (294,874)
Total equity attributable to Fairmount Santrol Holdings Inc. 242,947 251,047
Non-controlling interest 250 73
Total equity 243,197 251,120
Total liabilities and equity $ 1,235,284 $ 1,202,910