XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 165,724 $ 174,479
Restricted cash   7,234
Due from charterers, net of a reserve of $515 and $246, respectively 18,536 12,855
Prepaid expenses and other current assets 10,072 7,338
Inventories 29,980 15,333
Vessels held for sale 12,996  
Total current assets 237,308 217,239
Noncurrent assets:    
Vessels, net of accumulated depreciation of $229,559 and $213,431, respectively 1,382,428 1,265,577
Deferred drydock, net of accumulated amortization of $12,366 and $9,540 respectively 10,728 13,382
Fixed assets, net of accumulated depreciation and amortization of $1,177 and $1,003, respectively 1,495 1,014
Other noncurrent assets   514
Restricted cash 315 23,233
Total noncurrent assets 1,394,966 1,303,720
Total assets 1,632,274 1,520,959
Current liabilities:    
Accounts payable and accrued expenses 33,084 23,230
Current portion of long-term debt 66,320 24,497
Deferred revenue 10,231 4,722
Total current liabilities: 109,635 52,449
Noncurrent liabilities:    
Long-term lease obligations 3,576 2,588
Long-term debt, net of deferred financing costs of $17,200 and $9,032, respectively 484,480 490,895
Total noncurrent liabilities 488,056 493,483
Total liabilities 597,691 545,932
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 September 30, 2018 and December 31, 2017, respectively 415 345
Additional paid-in capital 1,739,724 1,628,355
Retained deficit (705,556) (653,673)
Total equity 1,034,583 975,027
Total liabilities and equity $ 1,632,274 $ 1,520,959