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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 13,126 $ 18,960 [1]
Restricted cash 919 0
Accounts receivable, net of allowance for doubtful accounts of $2.1 million and $2.3 million as of June 30, 2017 and December 31, 2016, respectively 95,690 112,491
Accounts receivable—affiliates 3,883 2,624
Inventory 3,442 3,752
Fair value of derivative assets 835 8,344
Customer acquisition costs, net 18,377 18,834
Customer relationships, net 13,225 12,113
Prepaid assets 1,466 1,361
Deposits 6,374 7,329
Deposit - Verde consideration 65,785 0
Other current assets 9,203 12,175
Total current assets 232,325 197,983
Property and equipment, net 3,993 4,706
Fair value of derivative assets 122 3,083
Customer acquisition costs, net 7,880 6,134
Customer relationships, net 20,218 21,410
Deferred tax assets 54,105 55,047
Goodwill 80,947 79,147
Other assets 9,123 8,658
Total assets 408,713 376,168
Current liabilities:    
Accounts payable 49,341 52,309
Accounts payable—affiliates 4,089 3,775
Accrued liabilities 21,749 36,619
Fair value of derivative liabilities 6,947 680
Current portion of Senior Credit Facility 7,500 51,287
Current payable pursuant to tax receivable agreement—affiliates 1,454 0
Current contingent consideration for acquisitions 5,856 11,827
Current portion of note payable 0 15,501
Convertible subordinated notes to affiliates 0 6,582
Other current liabilities 1,024 5,476
Total current liabilities 97,960 184,056
Long-term liabilities:    
Fair value of derivative liabilities 3,711 68
Payable pursuant to tax receivable agreement—affiliates 48,432 49,886
Long-term portion of Senior Credit Facility 76,500 0
Subordinated debt—affiliate 15,000 5,000
Deferred tax liability 0 938
Contingent consideration for acquisitions 3,986 10,826
Other long-term liabilities 1,330 1,658
Total liabilities 246,919 252,432
Commitments and contingencies (Note 13)
Series A Preferred Stock, par value $0.01 per share, 20,000,000 shares authorized, 1,610,000 shares issued and outstanding at June 30, 2017 and zero shares issued and outstanding at December 31, 2016 39,111 0
Additional paid-in capital 35,277 25,413
Accumulated other comprehensive (income)/loss (17) 11
Retained earnings 2,132 4,711
Stock Repurchased During Period, Value 1,285  
Treasury stock, at cost, 59,726 shares at June 30, 2017 and zero shares at December 31, 2016   0
Total stockholders' equity 36,455 30,303
Non-controlling interest in Spark HoldCo, LLC 86,228 93,433
Total equity 122,683 123,736
Total liabilities, Series A Preferred Stock and stockholders' equity 408,713 376,168
Common Class A    
Common stock [2] 132 65
Common Class B    
Common stock [2] $ 216 $ 103
[1] Financial information has been recast to include results attributable to the acquisition of Perigee Energy, LLC by an affiliate on February 3, 2017. See Notes 2 and 3 "Basis of Presentation and Summary of Significant Accounting Policies" and "Acquisitions," respectively, for further discussion.
[2] Outstanding shares of common stock reflect the two-for-one stock split, which took effect on June 16, 2017. See Note 4 "Equity" for further discussion.