Unaudited Consolidated Statements of Loss - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
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| REVENUES | ||||
| Total revenues | $ 175,915 | $ 91,238 | $ 516,039 | $ 330,512 |
| Voyage expenses (notes 2, 3 and 13a) | (83,048) | (18,303) | (249,974) | (61,488) |
| Vessel operating expenses (note 13a) | (52,161) | (40,958) | (157,808) | (131,949) |
| Time-charter hire expense | (4,317) | (5,835) | (14,697) | (27,459) |
| Depreciation and amortization | (29,595) | (24,328) | (88,598) | (73,652) |
| General and administrative expenses (note 13a) | (8,747) | (7,622) | (27,939) | (24,875) |
| (Loss) gain on sale of vessels (note 14) | 0 | (7,926) | 170 | (12,495) |
| Restructuring charges | (213) | 0 | (1,195) | 0 |
| Loss from operations | (2,166) | (13,734) | (24,002) | (1,406) |
| Interest expense | (15,006) | (7,299) | (41,666) | (21,681) |
| Interest income | 250 | 305 | 568 | 744 |
| Realized and unrealized gain (loss) on derivative instruments (note 9) | 596 | 390 | 4,725 | (709) |
| Equity (loss) income (note 6) | (359) | (274) | 265 | (27,174) |
| Other expense (note 10) | (799) | (1,768) | (3,940) | (5,918) |
| Net loss | $ (17,484) | $ (22,380) | $ (64,050) | $ (56,144) |
| Per common share amounts (note 15) | ||||
| - Basic (loss) earnings per share (usd per share) | $ (0.07) | $ (0.12) | $ (0.24) | $ (0.31) |
| - Diluted (loss) earnings per share (usd per share) | (0.07) | (0.12) | (0.24) | (0.31) |
| - Cash dividends declared (usd per share) | $ 0 | $ 0.03 | $ 0.03 | $ 0.09 |
| Weighted-average number of Class A and Class B common stock outstanding (note 15) | ||||
| - Basic and Diluted (in shares) | 268,558,556 | 179,224,094 | 268,470,804 | 178,853,698 |
| Voyage charter revenues | ||||
| REVENUES | ||||
| Total revenues | $ 152,047 | $ 25,397 | $ 432,017 | $ 94,881 |
| Time-charter revenues | ||||
| REVENUES | ||||
| Total revenues | 12,326 | 24,681 | 51,820 | 85,102 |
| Other revenues | ||||
| REVENUES | ||||
| Total revenues | 11,542 | 12,914 | 32,202 | 41,994 |
| Net pool revenues | ||||
| REVENUES | ||||
| Total revenues | $ 0 | $ 28,246 | $ 0 | $ 108,535 |
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate direct operating costs incurred during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate 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 manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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- References No definition available.
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