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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 42,135 $ 20,532
Restricted cash 8,847 10,535
Accounts receivable, net of allowance for doubtful accounts of $85 and $88, respectively 158,126 189,039
Inventory 22,275 26,919
Derivative assets 157 0
Prepayments and other current assets 3,028 3,118
Total current assets 234,568 250,143
Property and equipment, net 110,264 106,425
Operating lease right-of-use assets, net 7,414 7,720
Intangible assets, net 9,294 9,745
Goodwill 6,428 6,428
Other assets 3,595 3,698
Total assets 371,563 384,159
Current liabilities:    
Accounts payable 191,704 204,391
Accounts payable – related party 0 31
Derivative liabilities 0 330
Current portion of finance lease obligations 5,221 4,382
Current portion of operating lease liabilities 2,821 2,712
Current portion of long-term debt 2,500 0
Other current liabilities 16,627 19,214
Total current liabilities 218,873 231,060
Other long-term liabilities:    
Long-term debt 21,250 24,375
Asset retirement obligations 2,434 2,459
Finance lease obligations 18,677 12,085
Operating lease liabilities 4,595 5,007
Deferred taxes and other liabilities 14,579 15,996
Total liabilities 280,408 290,982
Commitments and contingencies (Note 16)
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, 2,534,685 and 2,495,484 shares outstanding, respectively 252 248
Contributed capital 20,571 19,965
Retained earnings 70,332 72,964
Total shareholders’ equity 91,155 93,177
Total liabilities and shareholders’ equity $ 371,563 $ 384,159