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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 40,028 $ 121,074
Restricted cash 19,500 19,500
Due from charterers, net of a reserve of $290 and $429, respectively 8,471 10,586
Prepaid expenses and other current assets 17,072 21,369
Vessels held for sale 2,747  
Total current assets 87,818 172,529
Noncurrent assets:    
Vessels, net of accumulated depreciation of $145,976 and $107,998, respectively 1,381,348 1,508,221
Deferred drydock, net of accumulated amortization of $5,338 and $3,207 respectively 13,511 16,177
Deferred financing costs, net of accumulated amortization of $1,340 and $734, respectively 2,688 3,294
Fixed assets, net of accumulated depreciation and amortization of $660 and $404, respectively 1,071 1,286
Other noncurrent assets 514 514
Restricted cash 315 315
Investments 6,191 12,327
Total noncurrent assets 1,405,638 1,542,134
Total assets 1,493,456 1,714,663
Current liabilities:    
Accounts payable and accrued expenses 21,680 27,467
Current portion of long-term debt, net of deferred financing costs of $7,821 and $9,411, respectively 540,455 579,023
Deferred revenue 1,496 1,058
Total current liabilities 563,631 607,548
Noncurrent liabilities:    
Long-term lease obligations 1,688 1,149
Total noncurrent liabilities 1,688 1,149
Total liabilities 565,319 608,697
Commitments and contingencies
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; issued and outstanding 7,354,449 and 7,289,823 shares at September 30, 2016 and December 31, 2015, respectively 74 73
Additional paid-in capital 1,497,616 1,483,105
Accumulated other comprehensive income (loss) 290 (21)
Retained deficit (569,843) (377,191)
Total equity 928,137 1,105,966
Total liabilities and equity $ 1,493,456 $ 1,714,663