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Unaudited Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 6,595 $ 17,541
Adjustments to reconcile net income to net cash provided by operating activities:    
Vessel depreciation 24,221 16,350
Gain from bargain purchase 0 (16,526)
Amortization of deferred charges 304 302
Gain on interest rate swap agreements (Note 8) (1,447) 0
Gain on sale of vessel to third parties (Note 4) (1,296) 0
Amortization of above market acquired charters (Note 6) 3,909 1,538
Equity compensation expense (Note10) 1,991 1,159
Changes in operating assets and liabilities:    
Trade accounts receivable 1,515 (75)
Due from related parties (33) (1)
Prepayments and other assets 282 (180)
Inventory 2,117 (189)
Trade accounts payable (2,004) 1,689
Due to related parties (1,424) 1,048
Accrued liabilities (340) 22
Deferred revenue (155) 1,388
Net cash provided by operating activities 34,235 24,066
Cash flows from investing activities:    
Vessel acquisitions and improvements (185) (26,634)
Additions to restricted cash (3,250) (250)
Net proceeds from sale of vessel to third parties (Note 5) 19,675 0
Net cash provided by / (used in) investing activities 16,240 (26,884)
Cash flows from financing activities:    
Proceeds from issuance of Partnership units 139,400 1,470
Proceeds from issuance of long-term debt 0 25,000
Loan issuance costs (133) (250)
Payments of long-term debt (Note 7) (170,066) 0
Dividends paid (32,916) (18,005)
Net cash (used in)/ provided by financing activities (63,715) 8,215
Net (decrease) / increase in cash and cash equivalents (13,240) 5,397
Cash and cash equivalents at beginning of period 53,370 32,471
Cash and cash equivalents at end of period 40,130 37,868
Supplemental cash flow information    
Cash paid for interest 18,432 15,804
Non-Cash Investing and Financing Activities    
Units issued to acquire Patroklos (Note 3)   57,056
Capitalized vessel costs included in liabilities 59 529
Unpaid private placement costs relating to Class B preferred units 2,975 0
Acquisition of above market time charter (Notes 3, 6) 0 48,551
Unpaid loan issuance costs $ 0 $ 26