XML 45 R29.htm IDEA: XBRL DOCUMENT v3.19.1
Significant Accounting policies (Tables)
12 Months Ended
Dec. 31, 2018
Disaggregation of revenue
  Twelve Months Ended December 31, 2018
     
Time charters $ 397,499
Voyage charters   253,812
Pool revenues              250
  $     651,561
Reconciliation of cash and cash equivalents and restricted cash
    December 31,
    2016 2017 2018
Cash and cash equivalents $ 181,758   257,911   204,921  
Restricted cash, current (Note 8)   5,121   7,169   6,435  
Restricted cash, non-current (Note 8)   8,883   8,420   2,521  
Cash and cash equivalents and restricted cash at end of period shown in the statement of cash flows $ 195,762   273,500   213,877  
Balance Sheet Location  
Impact of the adoption of ASC 606
  As of December 31, 2018
  As Reported   Balances without Adoption of ASC 606   Effect of Change
Assets                
Trade accounts receivable $ 38,402     $ 40,792     $ (2,390)  
Other current assets   7,046       4,992       2,054  
Liabilities                
Deferred revenue   10,855       9,043       (1,812)  
Accrued liabilities   16,854       16,867       13  
Income Statement Location  
Impact of the adoption of ASC 606
  For the twelve months ended December 31, 2018
  As Reported     Balances without Adoption of ASC 606   Effect of Change
Voyage revenues $ 651,561     $ 652,228     $ (667)  
Voyage expenses   121,596       122,037       441  
Charter-in hire expenses   92,896       93,508       612  
Net income/(loss)   58,397       58,011       386  
                 
Earnings/(Loss) per share, basic $ 0.76     $ 0.75     $ 0.01  
Earnings/(Loss) per share, diluted $ 0.76     $ 0.75     $ 0.00  
Cumulative effect of changes  
Impact of the adoption of ASC 606
  December 31, 2017   Effect of Adoption of ASC 606 January 1, 2018
Assets
Trade accounts receivable $ 18,521     $ (2,383)   $ 16,138  
Other current assets   5,157       1,263     6,420  
Liabilities
Deferred revenue   7,229       (1,137)     8,366  
Accrued liabilities   10,521       (2)     10,523  
Stockholders' Equity
Accumulated deficit   (1,036,303)       (2,259)     (1,038,562)