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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 43,682 $ 26,918
Investments 1,879 1,537
Trade accounts receivable, net 106,313 92,297
Due from related parties 8,531 10,995
Inventories 61,128 55,092
Other current assets 15,405 23,897
Total current assets 236,938 210,736
Long term assets:    
Property, plant and equipment, net 165,123 170,797
Deferred taxes 3,697
Intangible assets 12,548 4,555
Goodwill 19,899 1,330
Other long-term assets 7,528 7,312
Total long-term assets 208,795 183,994
Total assets 445,733 394,730
Current liabilities:    
Short-term debt and current portion of long term debt 5,466 2,651
Trade accounts payable and accrued expenses 52,392 42,546
Due to related parties 1,435 3,668
Payable associated to GM&P acquisition 29,000
Dividends payable 1,526 3,486
Current portion of customer advances on uncompleted contracts 8,880 7,780
Other current liabilities 6,341 18,255
Total current liabilities 105,040 78,386
Long term liabilities:    
Deferred income taxes 3,347 3,523
Customer advances on uncompleted contracts 3,359 2,310
Long term debt 221,456 196,946
Total Long-Term Liabilities 228,162 202,779
Total liabilities 333,202 281,165
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Preferred shares, $0.0001 par value, 1,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2017 and December 31, 2016 respectively
Ordinary shares, $0.0001 par value, 100,000,000 shares authorized, 33,829,825 and 33,172,144 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 3 3
Legal Reserves 1,367 1,367
Additional paid-in capital 120,500 114,847
Retained earnings 19,097 26,548
Accumulated other comprehensive (loss) (29,649) (29,200)
Shareholders’ equity attributable to controlling interest 111,318 113,565
Shareholders’ equity attributable to non-controlling interest 1,213
Total shareholders’ equity 112,531 113,565
Total liabilities and shareholders’ equity $ 445,733 $ 394,730