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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Voyage revenues $ 45,370 $ 31,460 $ 83,619 $ 51,590
Service revenues   414   1,225
Total revenues 45,370 31,874 83,619 52,815
Operating expenses:        
Voyage expenses 951 3,074 4,192 6,970
Vessel operating expenses 23,852 28,538 48,736 57,665
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,570, $5,442, $2,281 and $10,928, respectively) 5,752 11,589 10,661 22,158
Technical management fees 1,871 2,264 3,852 4,550
Depreciation and amortization 18,185 19,686 36,358 40,025
Other operating income 0 (182) 0 (182)
Impairment of vessel assets 3,339 67,594 3,339 69,278
(Gain) loss on sale of vessels (1,343) 77 (7,712) 77
Total operating expenses 52,607 132,640 99,426 200,541
Operating loss (7,237) (100,766) (15,807) (147,726)
Other (expense) income:        
Impairment of investment   (2,696)   (2,696)
Other expense (50) (50) (115) (174)
Interest income 338 33 512 95
Interest expense (7,564) (7,013) (14,702) (14,127)
Other expense (7,276) (9,726) (14,305) (16,902)
Loss before reorganization items, net (14,513) (110,492) (30,112) (164,628)
Reorganization items, net   (65)   (160)
Loss before income taxes (14,513) (110,557) (30,112) (164,788)
Income tax expense   (96)   (350)
Net loss $ (14,513) $ (110,653) $ (30,112) $ (165,138)
Net loss per share-basic $ (0.42) $ (15.32) $ (0.89) $ (22.87)
Net loss per share-diluted $ (0.42) $ (15.32) $ (0.89) $ (22.87)
Weighted average common shares outstanding - Basic 34,430,766 7,221,735 33,965,835 7,220,265
Weighted average common shares outstanding-diluted 34,430,766 7,221,735 33,965,835 7,220,265