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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Preferred Stock Member
Series B Preferred Stock
Preferred Stock Member
Series C Preferred stock
Preferred Stock Member
Series D preferred stock
Common Stock Member
Additional Paid-in Capital
Other Comprehensive Income / (Loss)
Retained Earnings/ (Accumulated Deficit)
Total
Net income/(loss)             $ (10,535) $ (10,535)
Issuance of preferred stock, shares (note 9(c) and (d))   10,675            
Issuance of preferred stock, value (Note 9(c) and (d))         $ 960     960
Issuance of restricted stock and compensation cost, shares (Note 9(g))       2,000,000        
Issuance of restricted stock and compensation cost, value (Note 9(g))       $ 20 7,561     7,581
Stock repurchased and retired (Note 9(e)) (in shares)       (14,571,012)        
Stock repurchased and retired (Note 9(e))       $ (146) (49,533)     (49,679)
Dividends on series B preferred stock (Note 9(b))             (5,769) (5,769)
Other comprehensive income/(loss)           $ (178)   (178)
Balance of shares at Dec. 31, 2019 2,600,000 10,675   91,193,339        
Balance of shares at Dec. 31, 2018 2,600,000     103,764,351        
Balance at Dec. 31, 2019 $ 26     $ 912 1,021,633 109 (452,616) 570,064
Balance at Dec. 31, 2018 $ 26     $ 1,038 1,062,645 287 (436,312) 627,684
Net income/(loss)             (134,197) (134,197)
Issuance of restricted stock and compensation cost, shares (Note 9(g))       2,200,000        
Issuance of restricted stock and compensation cost, value (Note 9(g))       $ 22 10,489     10,511
Stock repurchased and retired (Note 9(e)) (in shares)       (4,118,337)        
Stock repurchased and retired (Note 9(e))       $ (41) (11,958)     (11,999)
Dividends on series B preferred stock (Note 9(b))             (5,769) (5,769)
Other comprehensive income/(loss)           (40)   (40)
Balance of shares at Dec. 31, 2020 2,600,000 10,675   89,275,002        
Balance of shares at Dec. 31, 2019 2,600,000 10,675   91,193,339        
Balance at Dec. 31, 2020 $ 26     $ 893 1,020,164 69 (592,582) 428,570
Balance at Dec. 31, 2019 $ 26     $ 912 1,021,633 109 (452,616) 570,064
Net income/(loss)             57,394 57,394
Issuance of preferred stock, shares (note 9(c) and (d))     400          
Issuance of preferred stock, value (Note 9(c) and (d))         254     254
Issuance of restricted stock and compensation cost, shares (Note 9(g))       8,260,000        
Issuance of restricted stock and compensation cost, value (Note 9(g))       $ 83 7,359     7,442
Stock repurchased and retired (Note 9(e)) (in shares)       (12,862,744)        
Stock repurchased and retired (Note 9(e))       $ (129) (45,240)     (45,369)
Dividends on series B preferred stock (Note 9(b))             (5,769) (5,769)
Dividends on common stock (Note 9(f))             (8,820) (8,820)
OceanPal Inc. spin-off (Notes 2(aa), 3 and 9(f))             (40,509) (40,509)
Other comprehensive income/(loss)           2   2
Balance of shares at Dec. 31, 2021 2,600,000 10,675 400 84,672,258        
Balance of shares at Dec. 31, 2020 2,600,000 10,675   89,275,002        
Balance at Dec. 31, 2021 $ 26     $ 847 982,537 71 (590,286) 393,195
Balance at Dec. 31, 2020 $ 26     $ 893 $ 1,020,164 $ 69 $ (592,582) $ 428,570