Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and equivalents $ 14,574 $ 15,639
Restricted cash 569 0
Accounts receivable, net of allowance for doubtful accounts of $121 and $513 1,380 1,573
Income tax and other receivables 334 3,095
Inventories 1,125 728
Prepaid expenses 2,800 2,105
Acquisition deposit 2,500 0
Total current assets 23,282 23,140
Property and equipment, net 98,982 95,040
Other long-term assets    
Goodwill 16,480 16,480
Intangible assets, net 2,127 3,382
Long term deposits 473 178
Debt issuance costs, net of accumulated amortization of $5,442 and $3,827 1,426 2,650
Deferred tax asset 0 74
Total other long-term assets 20,506 22,764
Total assets 142,770 140,944
Current liabilities    
Accounts payable 3,703 4,102
Construction contracts payable 569 1,638
Accrued payroll and related 1,773 3,743
Other accrued expenses 4,756 5,413
Current portion of long-term debt 6,000 1,337
Current portion of capital lease obligation 665 690
Deferred tax liability 0 901
Total current liabilities 17,466 17,824
Long-term debt, net of current portion 62,000 59,294
Capital lease obligation, net of current portion 5,505 6,230
Deferred tax liability 1,276 99
Total liabilities $ 86,247 $ 83,447
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.0001 par value, 100,000,000 shares authorized; 20,325,991 and 20,233,276 shares issued; 18,969,396 and 18,876,681 shares outstanding $ 2 $ 2
Additional paid-in capital 46,221 45,878
Treasury stock, 1,356,595 common shares (1,654) (1,654)
Retained earnings 11,954 13,271
Total stockholders' equity 56,523 57,497
Total liabilities and stockholders' equity $ 142,770 $ 140,944