XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Revenues $ 86,157 $ 45,370 $ 163,073 $ 83,619
Operating expenses:        
Voyage expenses 25,983 951 47,075 4,192
Vessel operating expenses 23,720 23,852 47,487 48,736
Charter hire expenses 509   509  
General and administrative expenses (inclusive of nonvested stock amortization expense of $638, $1,570, $1,131 and $2,281, respectively) 6,510 5,752 11,727 10,661
Technical management fees 1,950 1,871 3,898 3,852
Depreciation and amortization 16,450 18,185 33,336 36,358
Impairment of vessel assets 184 3,339 56,586 3,339
Gain on sale of vessels 0 (1,343) 0 (7,712)
Total operating expenses 75,306 52,607 200,618 99,426
Operating income (loss) 10,851 (7,237) (37,545) (15,807)
Other (expense) income:        
Other income (expense) 144 (50) 59 (115)
Interest income 887 338 1,681 512
Interest expense (8,469) (7,564) (16,593) (14,702)
Loss on debt extinguishment (4,533)   (4,533)  
Other expense (11,971) (7,276) (19,386) (14,305)
Loss before income taxes (1,120) (14,513) (56,931) (30,112)
Net loss $ (1,120) $ (14,513) $ (56,931) $ (30,112)
Net loss per share-basic $ (0.03) $ (0.42) $ (1.62) $ (0.89)
Net loss per share-diluted $ (0.03) $ (0.42) $ (1.62) $ (0.89)
Weighted average common shares outstanding - Basic (in shares) 35,516,058 34,430,766 35,049,615 33,965,835
Weighted average common shares outstanding - diluted 35,516,058 34,430,766 35,049,615 33,965,835
Voyage        
Revenues:        
Revenues $ 86,157 $ 45,370 $ 163,073 $ 83,619