Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 2,480	$ 2,208
Accounts receivable, net of allowance for doubtful accounts of $874 and $1,189 at March 31, 2016 and December 31, 2015, respectively	45,631	49,197
Inventories	81,084	85,492
Income taxes receivable	14,948	4,700
Deferred tax assets, net	4,139	2,649
Other current assets	6,148	7,496
Total current assets	154,430	151,742
Property and equipment, net	78,337	91,913
Goodwill	72,820	72,820
Deferred tax assets, net	3	17,229
Other intangible assets, net	58,992	69,386
TOTAL ASSETS	364,582	403,090
Current liabilities:
Accounts payable	25,244	19,444
Accrued liabilities	9,676	12,894
Income taxes payable	197	2,263
Interest payable	141	111
Current portion of long-term debt	44,765	32,291
Total current liabilities	80,023	67,003
Long-term debt, less current portion	16,470	18,255
Deferred tax liabilities, net	1,755	23,823
Total liabilities	$ 98,248	$ 109,081
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; 56,715,304 shares issued and 53,726,328 shares outstanding at March 31, 2016; 56,220,214 shares issued and 53,536,101 shares outstanding at December 31, 2015	6	6
Additional paid-in capital	275,797	273,451
Accumulated other comprehensive income (loss)	(919)	(1,237)
Retained earnings	9,115	39,300
Treasury stock, at cost; 1,850,173 and 1,784,897 shares at March 31, 2016 and December 31, 2015, respectively	(18,023)	(17,869)
Flotek Industries, Inc. stockholders’ equity	265,976	293,651
Noncontrolling interests	358	358
Total equity	266,334	294,009
TOTAL LIABILITIES AND EQUITY	$ 364,582	$ 403,090