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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,829 $ 4,584
Accounts receivable, net of allowance for doubtful accounts of $841 and $733 at September 30, 2018 and December 31, 2017, respectively 55,473 46,018
Inventories, net 93,161 75,759
Income taxes receivable 2,441 2,826
Other current assets 7,797 8,737
Total current assets 160,701 137,924
Property and equipment, net 65,094 68,835
Goodwill 19,480 56,660
Deferred tax assets, net 0 12,713
Other intangible assets, net 47,538 48,231
Other long-term assets 489 527
Assets held for sale 0 4,998
TOTAL ASSETS 293,302 329,888
Current liabilities:    
Accounts payable 30,428 22,048
Accrued liabilities 14,004 14,589
Interest payable 6 43
Long-term debt, classified as current 53,402 27,950
Total current liabilities 97,840 64,630
Deferred tax liabilities, net 2,646 0
Total liabilities 100,486 64,630
Commitments and contingencies
Equity:    
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; 62,102,875 shares issued and 57,026,176 shares outstanding at September 30, 2018; 60,622,986 shares issued and 56,755,293 shares outstanding at December 31, 2017 6 6
Additional paid-in capital 343,048 336,067
Accumulated other comprehensive income (loss) (960) (884)
Retained earnings (accumulated deficit) (116,124) (37,225)
Treasury stock, at cost; 3,584,300 and 3,621,435 shares at September 30, 2018 and December 31, 2017, respectively (33,155) (33,064)
Flotek Industries, Inc. stockholders’ equity 192,815 264,900
Noncontrolling interests 1 358
Total equity 192,816 265,258
TOTAL LIABILITIES AND EQUITY $ 293,302 $ 329,888