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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 197,499 $ 174,479
Restricted cash 4,947 7,234
Due from charterers, net of a reserve of $669 and $246, respectively 22,306 12,855
Prepaid expenses and other current assets 10,449 7,338
Inventories 29,548 15,333
Vessels held for sale 5,702  
Total current assets 270,451 217,239
Noncurrent assets:    
Vessels, net of accumulated depreciation of $244,529 and $213,431, respectively 1,344,870 1,265,577
Deferred drydock, net of accumulated amortization of $13,553 and $9,540 respectively 9,544 13,382
Fixed assets, net of accumulated depreciation and amortization of $1,281 and $1,003, respectively 2,290 1,014
Other noncurrent assets   514
Restricted cash 315 23,233
Total noncurrent assets 1,357,019 1,303,720
Total assets 1,627,470 1,520,959
Current liabilities:    
Accounts payable and accrued expenses 29,143 23,230
Current portion of long-term debt 66,320 24,497
Deferred revenue 6,404 4,722
Total current liabilities: 101,867 52,449
Noncurrent liabilities:    
Long-term lease obligations 3,468 2,588
Long-term debt, net of deferred financing costs of $16,272 and $9,032, respectively 468,828 490,895
Total noncurrent liabilities 472,296 493,483
Total liabilities 574,163 545,932
Commitments and contingencies (Note 16)
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 41,644,470 and 34,532,004 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively 416 345
Additional paid-in capital 1,740,163 1,628,355
Retained deficit (687,272) (653,673)
Total equity 1,053,307 975,027
Total liabilities and equity $ 1,627,470 $ 1,520,959