Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 4,584	$ 4,823
Accounts receivable, net of allowance for doubtful accounts of $733 and $664 at December 31, 2017 and 2016, respectively	46,018	47,152
Inventories	75,759	58,283
Income taxes receivable	2,826	12,752
Assets held for sale	0	43,900
Other current assets	9,264	21,708
Total current assets	138,451	188,618
Property and equipment, net	73,833	74,691
Goodwill	56,660	56,660
Deferred tax assets, net	12,713	12,894
Other intangible assets, net	48,231	50,352
TOTAL ASSETS	329,888	383,215
Current liabilities:
Accounts payable	22,048	29,960
Accrued liabilities	14,589	12,170
Interest payable	43	24
Liabilities held for sale	0	4,961
Current portion of long-term debt	27,950	40,566
Total current liabilities	64,630	87,681
Long-term debt, less current portion	0	7,833
Total liabilities	64,630	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; 60,622,986 shares issued and 56,755,293 shares outstanding at December 31, 2017; 59,684,669 shares issued and 56,972,580 shares outstanding at December 31, 2016	6	6
Additional paid-in capital	336,067	318,392
Accumulated other comprehensive income (loss)	(884)	(956)
Retained earnings (accumulated deficit)	(37,225)	(9,830)
Treasury stock, at cost; 3,621,435 and 2,028,847 shares at December 31, 2017 and 2016, respectively	(33,064)	(20,269)
Flotek Industries, Inc. stockholders’ equity	264,900	287,343
Noncontrolling interests	358	358
Total equity	265,258	287,701
TOTAL LIABILITIES AND EQUITY	$ 329,888	$ 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).

Name:	us-gaap_AccountsPayableCurrent
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.