Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 4,942	$ 4,823
Accounts receivable, net of allowance for doubtful accounts of $1,089 and $664 at September 30, 2017 and December 31, 2016, respectively	56,008	47,152
Inventories	70,716	58,283
Income taxes receivable	2,649	12,752
Assets held for sale	4,135	43,900
Other current assets	10,881	21,708
Total current assets	149,331	188,618
Property and equipment, net	73,711	74,691
Goodwill	56,660	56,660
Deferred tax assets, net	21,190	12,894
Other intangible assets, net	48,851	50,352
TOTAL ASSETS	349,743	383,215
Current liabilities:
Accounts payable	21,725	29,960
Accrued liabilities	12,323	12,170
Interest payable	30	24
Liabilities held for sale	1,586	4,961
Current portion of long-term debt	40,589	40,566
Total current liabilities	76,253	87,681
Long-term debt, less current portion	0	7,833
Total liabilities	76,253	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; 60,621,786 shares issued and 56,802,456 shares outstanding at September 30, 2017; 59,684,669 shares issued and 56,972,580 shares outstanding at December 31, 2016	6	6
Additional paid-in capital	334,490	318,392
Accumulated other comprehensive income (loss)	(822)	(956)
Retained earnings (accumulated deficit)	(28,736)	(9,830)
Treasury stock, at cost; 3,354,344 and 2,028,847 shares at September 30, 2017 and December 31, 2016, respectively	(31,806)	(20,269)
Flotek Industries, Inc. stockholders’ equity	273,132	287,343
Noncontrolling interests	358	358
Total equity	273,490	287,701
TOTAL LIABILITIES AND EQUITY	$ 349,743	$ 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.