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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 17,731 $ 15,072
Restricted cash 4,080 4,159
Trade accounts receivable 2,220 4,762
Inventories (Note 4) 2,896 3,867
Due from managers 81 70
Prepaid expenses and other receivables 3,168 3,467
Total current assets 30,176 31,397
FIXED ASSETS, NET    
Vessels and other fixed assets, net (Note 5) 608,238 638,532
Total fixed assets, net 608,238 638,532
OTHER NON-CURRENT ASSETS    
Deferred finance charges, net 1,519 1,776
Restricted cash 24,124 25,524
Fair value of above market acquired time charter (Note 6) 17,532 20,699
TOTAL ASSETS 681,589 717,928
CURRENT LIABILITIES    
Current portion of long term debt (Note 7) 36,637 34,674
Accounts payable 3,547 8,501
Due to related parties (Note 3) 250 436
Due to managers 0 48
Accrued liabilities 3,487 3,870
Derivative instruments (Note 14) 0 82
Deferred revenue 4,168 4,543
Total current liabilities 48,089 52,154
NON-CURRENT LIABILITIES    
Long term debt (Note 7) 205,476 231,466
Other non-current liabilities 146 95
TOTAL LIABILITIES 253,711 283,715
STOCKHOLDERS' EQUITY    
Preferred Stock; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2011 and June 30, 2012 (Note 8) 0 0
Common Stock, $0.01 par value, 300,000,000 shares authorized; 80,358,360 and 81,012,403 shares issued and outstanding at December 31, 2011 and June 30, 2012, respectively 810 804
Additional paid-in capital 520,046 519,511
Accumulated deficit (92,978) (86,102)
Total stockholders' equity 427,878 434,213
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 681,589 $ 717,928