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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 269,996 $ 174,479
Restricted cash   7,234
Due from charterers, net of a reserve of $601 and $246, respectively 14,408 12,855
Prepaid expenses and other current assets 7,371 7,338
Inventories 23,064 15,333
Vessels held for sale 7,443  
Total current assets 322,282 217,239
Noncurrent assets:    
Vessels, net of accumulated depreciation of $213,771 and $213,431, respectively 1,172,246 1,265,577
Deposits on vessels 885  
Deferred drydock, net of accumulated amortization of $11,196 and $9,540 respectively 11,123 13,382
Fixed assets, net of accumulated depreciation and amortization of $1,091 and $1,003, respectively 1,247 1,014
Other noncurrent assets   514
Restricted cash 315 23,233
Total noncurrent assets 1,185,816 1,303,720
Total assets 1,508,098 1,520,959
Current liabilities:    
Accounts payable and accrued expenses 26,392 23,230
Current portion of long-term debt 45,000 24,497
Deferred revenue 6,399 4,722
Total current liabilities: 77,791 52,449
Noncurrent liabilities:    
Long-term lease obligations 3,127 2,588
Long-term debt, net of deferred financing costs of $16,063 and $9,032, respectively 398,937 490,895
Total noncurrent liabilities 402,064 493,483
Total liabilities 479,855 545,932
Commitments and contingencies
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 41,547,004 and 34,532,004 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 415 345
Additional paid-in capital 1,739,091 1,628,355
Retained deficit (711,263) (653,673)
Total equity 1,028,243 975,027
Total liabilities and equity $ 1,508,098 $ 1,520,959