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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net loss $ (57,364) $ (74,266) $ (65,095)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 35,455 37,981 42,805
Vessel impairment 71,834 87,624 92,422
Gain on repurchase of secured notes 0 0 (2,865)
Amortization of deferred financing costs 4,629 7,772 3,622
Amortization of original issue discount/premium on repurchase of notes 1,207 11,570 2,184
Amortization of intangible asset/liability - charter agreements (1,305) (1,807) (2,104)
Share based compensation 50 272 283
Changes in operating assets and liabilities:      
Decrease (increase) in accounts receivable and other assets 5,019 (441) 219
(Increase) decrease in inventories (2,250) (188) 57
Decrease in accounts payable and other liabilities (9,117) (3,030) (1,751)
(Decrease) increase in related parties' balances (625) 1,138 738
Increase in deferred revenue 214 238 1,144
Unrealized foreign exchange (gain) loss (5) 2 26
Net cash provided by operating activities 47,742 66,865 71,685
Cash flows from investing activities:      
Acquisition of vessels (11,436) 0 0
Net proceeds from sale of vessels 14,504 0 (254)
Cash paid for vessel improvements (239) (255) 0
Cash paid for other assets 0 (8) (6)
Cash paid for drydockings (2,636) (4,632) (6,681)
Cash acquired in Poseidon Transaction, net of capitalized expenses 24,037 0 0
Net cash provided by/(used in) investing activities 24,230 (4,895) (6,941)
Cash flows from financing activities:      
Proceeds from issuance of secured notes 0 356,400 0
Repurchase of secured notes (20,400) (374,835) (51,530)
Proceeds from drawdown of credit facilities 8,125 54,800 0
Repayment of credit facilities (37,771) (63,575) (9,500)
Deferred financing costs paid (2,058) (12,675) 0
Series B Preferred Shares - dividends paid (3,062) (3,062) (3,062)
Net cash used in financing activities (55,166) (42,947) (64,092)
Net increase in cash and cash equivalents and restricted cash 16,806 19,023 652
Cash and cash equivalents and restricted cash at beginning of the year 73,266 54,243 53,591
Cash and cash equivalents and restricted cash at end of the year 90,072 73,266 54,243
Supplementary Cash Flow Information:      
Cash paid for interest 42,390 43,152 43,134
Cash paid for income taxes 84 46 50
Non-cash investing activities:      
Unpaid capitalized expenses (826) [1] 0 0
Working capital acquired (11,331) 0 0
Vessels and other intangibles acquired 622,925 0 0
Debt acquired (509,673) 0 0
Non-cash financing activities:      
Issuance of shares (125,133)    
Common Class A [Member]      
Non-cash financing activities:      
Issuance of shares (23,564) 0 0
Series C Preferred Shares [Member]      
Non-cash financing activities:      
Issuance of shares $ (101,569) $ 0 $ 0
[1] Unpaid fees related to the Poseidon Transaction (see note 1)