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v3.4.0.3

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
Revenues: |  |
Voyage revenues | $ 20,131 | $ 33,609
Service revenues | 811 | 810
Total revenues | 20,942 | 34,419
Operating expenses: |  |
Voyage expenses | 3,896 | 4,380
Vessel operating expenses | 29,127 | 28,672
General, administrative, and management fees | 12,855 | 20,324
Depreciation and amortization | 20,339 | 19,410
Impairment of vessel assets | 1,685 | 35,396
Total operating expenses | 67,902 | 108,182
Operating loss | (46,960) | (73,763)
Other (expense) income: |  |
Other (expense) income | (125) | 11
Interest income | 62 | 24
Interest expense | (7,113) | (4,324)
Other expense | (7,176) | (4,289)
Loss before reorganization items, net | (54,136) | (78,052)
Reorganization items, net | (94) | (520)
Loss before income taxes | (54,230) | (78,572)
Income tax expense | (253) | (543)
Net loss | (54,483) | (79,115)
Less: Net loss attributable to noncontrolling interest |  | (40,673)
Net loss attributable to Genco Shipping & Trading Limited | $ (54,483) | $ (38,442)
Net loss per share-basic | $ (0.75) | $ (0.64)
Net loss per share-diluted | $ (0.75) | $ (0.64)
Weighted average common shares outstanding - Basic | 72,187,954 | 60,430,789
Weighted average common shares outstanding-diluted | 72,187,954 | 60,430,789

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- Definition This element represents 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 transport and shipping business of the company. Management fees include expenses to third-party technical management companies for the day-to-day management of our vessels, including performing routine maintenance, attending to vessel operations and arranging for crews and supplies. + References No definition available. + Details
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- Definition Expenses associated with operating vessels which are attributable to particular voyages such as port and canal charges, fuel (bunker) transactions, and brokerage commissions payable to unaffiliated third parties. + References No definition available. + Details
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