v3.19.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 61,597 $ 123,575
Marketable securities 0 50,932
Accounts receivable (net of allowance for doubtful accounts of $626 and $673, respectively) 75,207 74,551
Inventories 171,397 168,900
Prepaid expenses and other assets 40,654 41,169
Restricted cash 3,000 3,000
Current assets held for sale 0 3,250
Total current assets 351,855 465,377
Property, plant and equipment, net 591,710 590,723
Right of use assets 43,490 0
Goodwill 16,080 16,080
Intangible assets, net 12,802 13,646
Other assets 21,466 21,270
TOTAL ASSETS 1,037,403 1,107,096
CURRENT LIABILITIES:    
Lines of credit 70,854 14,250
Current maturities of long-term debt 83,324 149,006
Current maturities of operating lease obligations 18,580 0
Accounts payable 107,246 95,866
Accrued expenses and other liabilities 24,570 35,256
Deferred revenue 4,536 300
Total current liabilities 309,110 294,678
Unfavorable lease obligation 0 2,259
Deferred income taxes 7,879 8,410
Long-term debt (net of debt issuance costs of $3,063 and $3,390, respectively) 30,454 33,421
Long-term operating lease obligations 35,577 0
Other liabilities 1,562 3,075
Total liabilities 384,582 341,843
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock ($.0001 par value; 300,000,000 shares authorized; 38,958,744 and 37,318,942 shares outstanding, respectively) 5 5
Common stock—additional paid-in-capital 444,636 451,427
Retained earnings 315,227 427,244
Accumulated other comprehensive income (1,623) (1,656)
Treasury stock (10,399,818 and 11,524,975 shares outstanding, respectively) (105,424) (111,767)
Total equity 652,821 765,253
TOTAL LIABILITIES AND EQUITY $ 1,037,403 $ 1,107,096

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