v3.19.3
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 64,093 $ 123,575
Marketable securities 0 50,932
Accounts receivable (net of allowance for doubtful accounts of $762 and $673, respectively) 81,015 74,551
Inventories 163,451 168,900
Prepaid expenses and other assets 40,631 41,169
Restricted cash 3,000 3,000
Current assets held for sale 0 3,250
Total current assets 352,190 465,377
Property, plant and equipment, net 586,305 590,723
Right of use assets 41,799 0
Goodwill 16,080 16,080
Intangible assets, net 12,405 13,646
Other assets 22,747 21,270
TOTAL ASSETS 1,031,526 1,107,096
CURRENT LIABILITIES:    
Lines of credit 97,137 14,250
Current maturities of long-term debt 7,440 149,006
Current maturities of operating lease obligations 18,461 0
Accounts payable 95,400 95,866
Accrued expenses and other liabilities 27,081 35,256
Deferred revenue 954 300
Total current liabilities 246,473 294,678
Unfavorable lease obligation 0 2,259
Deferred income taxes 7,238 8,410
Long-term debt (net of debt issuance costs of $3,020 and $3,390, respectively) 104,847 33,421
Long-term operating lease obligations 33,834 0
Other liabilities 1,516 3,075
Total liabilities 393,908 341,843
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock ($.0001 par value; 300,000,000 shares authorized; 38,964,276 and 37,318,942 shares outstanding, respectively) 5 5
Common stock—additional paid-in-capital 446,435 451,427
Retained earnings 299,281 427,244
Accumulated other comprehensive income (2,640) (1,656)
Treasury stock (10,402,635 and 11,524,975 shares outstanding, respectively) (105,463) (111,767)
Total equity 637,618 765,253
TOTAL LIABILITIES AND EQUITY $ 1,031,526 $ 1,107,096

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