Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 2,208	$ 1,266
Accounts receivable, net of allowance for doubtful accounts of $1,189 and $847 at December 31, 2015 and 2014, respectively	49,197	78,624
Inventories, net	85,492	85,958
Deferred tax assets, net	2,649	2,696
Income taxes receivable	4,700	0
Other current assets	7,496	11,055
Total current assets	151,742	179,599
Property and equipment, net	91,913	86,111
Goodwill	72,820	71,131
Deferred tax assets, net	17,229	12,907
Other intangible assets, net	69,386	73,528
TOTAL ASSETS	403,090	423,276
Current liabilities:
Accounts payable	19,444	33,185
Accrued liabilities	12,894	12,314
Income taxes payable	2,263	1,307
Interest payable	111	93
Current portion of long-term debt	32,291	18,643
Total current liabilities	67,003	65,542
Long-term debt, less current portion	18,255	25,398
Deferred tax liabilities, net	23,823	25,982
Total liabilities	$ 109,081	$ 116,922
Commitments and contingencies
Equity:
Cumulative convertible preferred stock, $0.0001 par value, 100,000 shares authorized; no shares issued and outstanding	$ 0	$ 0
Common stock, $0.0001 par value, 80,000,000 shares authorized; 56,220,214 shares issued and 53,536,101 shares outstanding at December 31, 2015; 54,633,726 shares issued and 53,357,811 shares outstanding at December 31, 2014	6	5
Additional paid-in capital	273,451	254,233
Accumulated other comprehensive income (loss)	(1,237)	(502)
Retained earnings	39,300	52,762
Treasury stock, at cost; 1,784,897 and 449,397 shares at December 31, 2015 and 2014, respectively	(17,869)	(495)
Flotek Industries, Inc. stockholders’ equity	293,651	306,003
Noncontrolling interests	358	351
Total equity	294,009	306,354
TOTAL LIABILITIES AND EQUITY	$ 403,090	$ 423,276