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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 70,215 $ 112,994
Restricted cash 7,982 9,261
Accounts receivable, net of allowance for doubtful accounts of $117 and $141, respectively 67,455 94,534
Inventory 19,837 26,407
Derivative assets 26 0
Income tax receivable 10,005 2,569
Prepayments and other current assets 1,297 1,559
Total current assets 176,817 247,324
Property and equipment, net 69,280 69,046
Operating lease right-of-use assets, net 8,599 9,576
Intangible assets, net 4,491 1,597
Cash deposits and other assets 2,147 3,299
Total assets 261,334 330,842
Current liabilities:    
Accounts payable 83,410 147,851
Accounts payable – related party 6 5
Derivative liabilities 14 0
Current portion of finance lease obligations 2,482 2,167
Current portion of operating lease liabilities 2,159 2,252
Other current liabilities 11,167 7,302
Total current liabilities 99,238 159,577
Other long-term liabilities:    
Asset retirement obligations 1,598 1,573
Finance lease obligations 4,647 4,376
Operating lease liabilities 6,442 7,323
Deferred taxes and other liabilities 7,519 6,352
Total liabilities 119,444 179,201
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 13,001 12,778
Retained earnings 128,466 138,440
Total shareholders’ equity 141,890 151,641
Total liabilities and shareholders’ equity $ 261,334 $ 330,842