Condensed Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended	6 Months Ended
Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Revenues	$ 7,603	$ 9,914	$ 13,897	$ 19,458
Operating expenses:
Voyage expenses	379	(388)	432	(306)
Voyage expenses to Parent	97	128	178	250
Vessel operating expenses	4,270	3,780	8,192	7,707
General, administrative, and technical management fees	1,146	1,294	2,456	3,046
Management fees to Parent	614	614	1,229	1,222
Depreciation	3,683	3,684	7,367	7,321
Total operating expenses	10,189	9,112	19,854	19,240
Operating (loss) income	(2,586)	802	(5,957)	218
Other (expense) income:
Other income (expense)	1	(16)	(7)	(34)
Interest income	1	1	3	4
Interest expense	(1,062)	(1,112)	(2,138)	(2,211)
Other expense, net	(1,060)	(1,127)	(2,142)	(2,241)
Loss before income taxes	(3,646)	(325)	(8,099)	(2,023)
Income tax expense	(15)	(28)	(22)	(23)
Net loss	$ (3,661)	$ (353)	$ (8,121)	$ (2,046)
Net loss per share of common and Class B Stock:
Net loss per share-basic (in dollars per share)	$ (0.16)	$ (0.02)	$ (0.37)	$ (0.09)
Net loss per share-diluted (in dollars per share)	$ (0.16)	$ (0.02)	$ (0.37)	$ (0.09)
Dividends declared and paid per share of common and Class B Stock (in dollars per share)	$ 0.05	$ 0.06	$ 0.18	$ 0.23

This element represents total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the transport and shipping business of the company. Management fees includes expenses to third-party technical management companies for the day-to-day management of our vessels, including performing routine maintenance, attending to vessel operations and arranging for crews and supplies.

No definition available.