Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 11,038 $ 14,822
Short-term investment 1,757 1,750
Accounts receivable, net 413,245 393,112
Receivables from related parties, net 80 28,461
Inventories 10,212 12,020
Prepaid expenses 7,936 13,825
Other current assets 708 758
Total current assets 444,976 464,748
Property, plant and equipment, net 210,397 251,262
Sand reserves 65,491 65,876
Operating lease right-of-use assets 15,777 20,179
Intangible assets, net 4,267 4,774
Goodwill 12,608 12,608
Deferred income tax asset 8,094 0
Other non-current assets 4,329 5,115
Total assets 765,939 824,562
CURRENT LIABILITIES    
Accounts payable 39,505 40,316
Payables to related parties 4 3
Accrued expenses and other current liabilities 63,375 44,408
Current operating lease liability 7,255 8,618
Current portion of long-term debt 1,430 1,165
Income taxes payable 35,198 34,088
Total current liabilities 146,767 128,598
Long-term debt, net of current portion 62,811 81,338
Deferred income tax liabilities 12,041 24,741
Long-term operating lease liability 8,293 11,377
Asset retirement obligations 3,666 4,746
Other liabilities 15,159 10,435
Total liabilities 248,737 261,235
COMMITMENTS AND CONTINGENCIES (Note 18)
EQUITY    
Common stock, $0.01 par value, 200,000,000 shares authorized, 46,680,731 and 45,769,283 issued and outstanding at June 30, 2021 and December 31, 2020 467 458
Additional paid in capital 537,728 537,039
Retained (deficit) earnings (18,335) 28,895
Accumulated other comprehensive loss (2,658) (3,065)
Total equity 517,202 563,327
Total liabilities and equity 765,939 824,562
Customer relationships    
CURRENT ASSETS    
Intangible assets, net 321 408
Trade names    
CURRENT ASSETS    
Intangible assets, net $ 3,946 $ 4,366