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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 53,106 $ 112,994
Restricted cash 4,865 9,261
Accounts receivable, net of allowance for doubtful accounts of $- and $141, respectively 94,654 94,534
Inventory 15,942 26,407
Derivative assets 3 0
Income tax receivable 7,054 2,569
Prepayments and other current assets 1,417 1,559
Total current assets 177,041 247,324
Property and equipment, net 64,469 69,046
Operating lease right-of-use assets, net 8,453 9,576
Intangible assets, net 4,304 1,597
Cash deposits and other assets 2,193 3,299
Total assets 256,460 330,842
Current liabilities:    
Accounts payable 76,407 147,851
Accounts payable – related party 158 5
Current portion of finance lease obligations 2,505 2,167
Current portion of operating lease liabilities 2,137 2,252
Other current liabilities 11,687 7,302
Total current liabilities 92,894 159,577
Other long-term liabilities:    
Asset retirement obligations 1,610 1,573
Finance lease obligations 4,011 4,376
Operating lease liabilities 6,314 7,323
Deferred taxes and other liabilities 7,547 6,352
Total liabilities 112,376 179,201
Commitments and contingencies (Note 14)
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 13,150 12,778
Retained earnings 130,511 138,440
Total shareholders’ equity 144,084 151,641
Total liabilities and shareholders’ equity $ 256,460 $ 330,842