Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 3,422	$ 4,823
Accounts receivable, net of allowance for doubtful accounts of $994 and $664 at June 30, 2017 and December 31, 2016, respectively	60,089	47,152
Inventories	78,410	58,283
Income taxes receivable	3,872	12,752
Assets held for sale	7,197	43,900
Other current assets	6,079	21,708
Total current assets	159,069	188,618
Property and equipment, net	74,396	74,691
Goodwill	56,660	56,660
Deferred tax assets, net	19,972	12,894
Other intangible assets, net	49,080	50,352
TOTAL ASSETS	359,177	383,215
Current liabilities:
Accounts payable	28,554	29,960
Accrued liabilities	8,488	12,170
Interest payable	21	24
Liabilities held for sale	2,416	4,961
Current portion of long-term debt	42,716	40,566
Total current liabilities	82,195	87,681
Long-term debt, less current portion	0	7,833
Total liabilities	82,195	95,514
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; 60,504,613 shares issued and 57,313,766 shares outstanding at June 30, 2017; 59,684,669 shares issued and 56,972,580 shares outstanding at December 31, 2016	6	6
Additional paid-in capital	331,126	318,392
Accumulated other comprehensive income (loss)	(970)	(956)
Retained earnings (accumulated deficit)	(25,633)	(9,830)
Treasury stock, at cost; 2,709,680 and 2,028,847 shares at June 30, 2017 and December 31, 2016, respectively	(27,905)	(20,269)
Flotek Industries, Inc. stockholders’ equity	276,624	287,343
Noncontrolling interests	358	358
Total equity	276,982	287,701
TOTAL LIABILITIES AND EQUITY	$ 359,177	$ 383,215

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.