Shareholders' Equity

9 Months Ended

Sep. 30, 2017

9.	Shareholders’ Equity

On July 28, 2016, the Company filed a prospectus supplement and associated sales agreement related to an at-the-market (“ATM”) equity offering program pursuant to which the Company may sell, from time to time, common stock having an aggregate offering price of up to $75,000 through Cowen and Company LLC, as sales agent, for general corporate purposes. As of September 30, 2017, the Company had sold a total of 3,405,709 shares of its common stock under the ATM program for $46,612, or an average of $13.69 per share, and received proceeds of $45,564, net of commissions of $1,048. These sales occurred in August 2016 and September 2016, and the Company has not utilized the program since those sales.

As of September 30, 2017, the Company does not have a material net investment that is subject to foreign currency fluctuations. As a result of the sale of the Company’s Russian proppant business, the Company reclassified the $33,347 cumulative translation adjustment loss from accumulated other comprehensive loss to net loss within the statement of operations.