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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 4,823 $ 2,208
Accounts receivable, net of allowance for doubtful accounts of $664 and $709 at December 31, 2016 and 2015, respectively 47,152 35,511
Inventories 58,283 50,870
Deferred tax assets, net 52 2,649
Income taxes receivable 12,752 4,700
Held for sale 43,900 48,855
Other current assets 21,708 6,949
Total current assets 188,670 151,742
Property and equipment, net 74,691 60,006
Goodwill 56,660 55,798
Deferred tax assets, net 16,215 17,229
Other intangible assets, net 50,352 51,198
Assets held for sale 0 67,117
TOTAL ASSETS 386,588 403,090
Current liabilities:    
Accounts payable 29,960 17,221
Accrued liabilities 12,170 10,480
Income taxes payable 0 2,263
Interest payable 24 111
Liabilities held for sale 4,961 4,637
Current portion of long-term debt 40,566 32,291
Deferred tax liabilities, net 3,373 0
Total current liabilities 91,054 67,003
Long-term debt, less current portion 7,833 18,255
Deferred tax liabilities, net 0 23,823
Total liabilities 98,887 109,081
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; 59,684,669 shares issued and 56,972,580 shares outstanding at December 31, 2016; 56,220,214 shares issued and 53,536,101 shares outstanding at December 31, 2015 6 6
Additional paid-in capital 318,392 273,451
Accumulated other comprehensive income (loss) (956) (1,237)
Retained earnings (accumulated deficit) (9,830) 39,300
Treasury stock, at cost; 2,028,847 and 1,784,897 shares at December 31, 2016 and 2015, respectively (20,269) (17,869)
Flotek Industries, Inc. stockholders’ equity 287,343 293,651
Noncontrolling interests 358 358
Total equity 287,701 294,009
TOTAL LIABILITIES AND EQUITY $ 386,588 $ 403,090