XML 10 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 195,023 $ 164,898
Restricted cash 6,462 6,882
Accounts receivable 3,916 971
Inventories (Notes 2 and 5) 10,360 11,415
Due from related parties (Notes 3 and 9) 3,928 3,447
Fair value of derivatives (Notes 18 and 19) 416 0
Insurance claims receivable 2,722 2,886
Prepaid lease rentals (Note 11) 8,752 8,752
Accrued charter revenue (Note 12) 391 408
Prepayments and other 4,007 3,914
Vessel held for sale (Note 6) 7,035 6,256
Total current assets 243,012 209,829
FIXED ASSETS, NET:    
Capital leased assets (Note 11) 422,603 384,872
Vessels, net (Note 6) 1,643,985 1,688,285
Total fixed assets, net 2,066,588 2,073,157
NON-CURRENT ASSETS:    
Equity method investments (Notes 2 and 9) 160,789 153,126
Prepaid lease rentals, non-current (Note 11) 47,330 51,670
Accounts receivable, non-current (Note 3) 1,725 1,575
Deferred charges, net (Note 7) 18,256 20,367
Restricted cash 36,480 38,783
Fair value of derivatives, non-current (Notes 18 and 19) 2,186 762
Accrued charter revenue, non-current (Note 12) 0 185
Other non-current assets (Note 4) 9,191 8,970
Total assets 2,585,557 2,558,424
CURRENT LIABILITIES:    
Current portion of long-term debt, net of deferred financing costs (Note 10) 180,961 198,277
Accounts payable 4,642 3,848
Due to related parties (Note 3) 218 191
Capital lease obligations, net (Note 11) 32,351 29,059
Accrued liabilities 11,488 11,109
Unearned revenue (Note 12) 17,087 19,668
Fair value of derivatives (Notes 18 and 19) 9,927 16,161
Other current liabilities 1,615 1,673
Total current liabilities 258,289 279,986
NON-CURRENT LIABILITIES:    
Long-term debt, net of current portion and deferred financing costs (Note 10) 754,482 856,330
Capital lease obligations, net of current portion (Note 11) 356,233 331,196
Unearned revenue, net of current portion (Note 12) 14,948 16,488
Total non-current liabilities 1,125,663 1,204,014
COMMITMENTS AND CONTINGENCIES (Note 13) 0 0
STOCKHOLDERS’ EQUITY:    
Preferred stock (Note 14) 0 0
Common stock (Note 14) 10 9
Additional paid-in capital (Note 14) 1,162,148 1,057,423
Retained earnings 48,745 31,416
Accumulated other comprehensive loss (Notes 18 and 20) (9,298) (14,424)
Total stockholders’ equity 1,201,605 1,074,424
Total liabilities and stockholders’ equity $ 2,585,557 $ 2,558,424