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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 87,398 $ 112,994
Restricted cash 8,827 9,261
Accounts receivable, net of allowance for doubtful accounts of $117 and $141, respectively 52,941 94,534
Inventory 10,021 26,407
Derivative assets 545 0
Income tax receivable 14,495 2,569
Prepayments and other current assets 1,306 1,559
Total current assets 175,533 247,324
Property and equipment, net 65,381 69,046
Operating lease right-of-use assets, net 9,090 9,576
Intangible assets, net 1,465 1,597
Cash deposits and other assets 2,187 3,299
Total assets 253,656 330,842
Current liabilities:    
Accounts payable 78,245 147,851
Accounts payable – related party 6 5
Derivative liabilities 526 0
Current portion of finance lease obligations 2,193 2,167
Current portion of operating lease liabilities 2,203 2,252
Other current liabilities 8,808 7,302
Total current liabilities 91,981 159,577
Other long-term liabilities:    
Asset retirement obligations 1,585 1,573
Finance lease obligations 3,818 4,376
Operating lease liabilities 6,887 7,323
Deferred taxes and other liabilities 10,059 6,352
Total liabilities 114,330 179,201
Commitments and contingencies (Note 13)
Shareholders’ equity:    
Preferred stock - $1.00 par value, 960,000 shares authorized, none outstanding 0 0
Common stock - $0.10 par value, 7,500,000 shares authorized, 4,235,750 and 4,235,533 shares outstanding, respectively 423 423
Contributed capital 12,912 12,778
Retained earnings 125,991 138,440
Total shareholders’ equity 139,326 151,641
Total liabilities and shareholders’ equity $ 253,656 $ 330,842