Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Summary Of Significant Accounting Policies [Abstract]  
Reconciliation of Cash, Cash Equivalents, and Restricted Cash

December 31,

2019

2018

(in thousands)

Cash and cash equivalents

$

45,917

$

33,360

Restricted cash - current

911

804

Restricted cash - non-current

925

920

Abandonment funding

11,371

11,571

Total cash, cash equivalents and restricted cash

$

59,124

$

46,655

Rollforward Analysis of the Allowance Against Accounts Receivable Balance

Years Ended December 31,

2019

2018

2017

(in thousands)

Allowance for bad debt

Balance at beginning of year

$

(2,535)

$

(7,033)

$

(5,211)

Bad debt recovery (charge)

341

77

(452)

Reclassification to leasehold costs related to signing bonus

4,197

Reclassification of Sojitz acquisition

(694)

Adjustment associated with settlement of customs audit

623

Foreign currency gain

63

224

(676)

Balance at end of period

$

(1,508)

$

(2,535)

$

(7,033)

Assets and Liabilities Measured on Recurring Basis

As of December 31, 2019

Balance Sheet Line

Level 1

Level 2

Level 3

Total

(in thousands)

Assets

Derivative asset commodity swaps

Prepayments and other

$

$

636

$

$

636

$

$

636

$

$

636

Liabilities

SARs liability

Accrued liabilities

$

$

2,638

$

$

2,638

SARs liability

Other long-term liabilities

852

852

$

$

3,490

$

$

3,490

As of December 31, 2018

Balance Sheet Line

Level 1

Level 2

Level 3

Total

(in thousands)

Assets

Derivative asset commodity swaps

Prepayments and other

$

$

3,520

$

$

3,520

$

$

3,520

$

$

3,520

Liabilities

SARs liability

Accrued liabilities

$

$

1,007

$

$

1,007

SARs liability

Other long-term liabilities

625

625

$

$

1,632

$

$

1,632