Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 3,840	$ 2,208
Accounts receivable, net of allowance for doubtful accounts of $828 and $1,189 at June 30, 2016 and December 31, 2015, respectively	45,528	49,197
Inventories	78,253	85,492
Income taxes receivable	15,874	4,700
Deferred tax assets, net	3,502	2,649
Other current assets	6,602	7,496
Total current assets	153,599	151,742
Property and equipment, net	80,759	91,913
Goodwill	72,820	72,820
Deferred tax assets, net	0	17,229
Other intangible assets, net	58,166	69,386
TOTAL ASSETS	365,344	403,090
Current liabilities:
Accounts payable	23,795	19,444
Accrued liabilities	9,278	12,894
Income taxes payable	0	2,263
Interest payable	185	111
Current portion of long-term debt	50,228	32,291
Total current liabilities	83,486	67,003
Long-term debt, less current portion	14,684	18,255
Deferred tax liabilities, net	526	23,823
Total liabilities	98,696	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; 56,839,682 shares issued and 53,906,902 shares outstanding at June 30, 2016; 56,220,214 shares issued and 53,536,101 shares outstanding at December 31, 2015	6	6
Additional paid-in capital	278,840	273,451
Accumulated other comprehensive income (loss)	(913)	(1,237)
Retained earnings	6,835	39,300
Treasury stock, at cost; 1,881,390 and 1,784,897 shares at June 30, 2016 and December 31, 2015, respectively	(18,478)	(17,869)
Flotek Industries, Inc. stockholders’ equity	266,290	293,651
Noncontrolling interests	358	358
Total equity	266,648	294,009
TOTAL LIABILITIES AND EQUITY	$ 365,344	$ 403,090