XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash, cash equivalents and restricted cash $ 62,113 $ 88,862
Accounts receivable - net of allowance for credit losses of $202 and $419, respectively 251,104 215,925
Inventories 18,159 5,034
Prepaid expenses 8,607 8,643
Short-term investment, net 6,437 10,283
Other current assets 704 38
Total current assets 347,124 328,785
PROPERTY AND EQUIPMENT - net of accumulated depreciation 1,001,109 922,735
OPERATING LEASE RIGHT-OF-USE ASSETS 5,672 3,147
OTHER NONCURRENT ASSETS:    
Goodwill 23,624 23,624
Intangible assets - net of amortization 53,480 56,345
Other noncurrent assets 2,370 1,150
Total other noncurrent assets 79,474 81,119
TOTAL ASSETS 1,433,379 1,335,786
CURRENT LIABILITIES:    
Accounts payable 218,147 234,299
Accrued and other current liabilities 57,022 49,027
Operating lease liabilities 1,125 854
Total current liabilities 276,294 284,180
DEFERRED INCOME TAXES 84,162 65,265
LONG-TERM DEBT 60,000 30,000
NONCURRENT OPERATING LEASE LIABILITIES 4,564 2,308
Total liabilities 425,020 381,753
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value, 30,000,000 shares authorized, none issued, respectively 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized, 112,957,976 and 114,515,008 shares issued, respectively 113 114
Additional paid-in capital 956,856 970,519
Retained earnings (accumulated deficit) 51,390 (16,600)
Total shareholders’ equity 1,008,359 954,033
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,433,379 $ 1,335,786