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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Revenues $ 367,522 $ 209,698 $ 135,586
Operating expenses:      
Voyage expenses 114,855 25,321 13,227
Vessel operating expenses 97,427 98,086 113,636
Charter hire expenses 1,534    
General and administrative expenses (inclusive of nonvested stock amortization expense of $2,231, $4,053 and $20,680, respectively) 23,141 22,190 45,174
Technical management fees 8,000 7,659 8,932
Depreciation and amortization 68,976 71,776 76,330
Other operating income 0 0 (960)
Impairment of vessel assets 56,586 21,993 69,278
Gain on sale of vessels (3,513) (7,712) (3,555)
Total operating expenses 367,006 239,313 322,062
Operating income (loss) 516 (29,615) (186,476)
Other (expense) income:      
Impairment of investment     (2,696)
Other income (expense) 367 (164) 645
Interest income 3,801 1,551 204
Interest expense (33,091) (30,497) (28,453)
Loss on debt extinguishment (4,533)    
Other expense (33,456) (29,110) (30,300)
Loss before reorganization items, net (32,940) (58,725) (216,776)
Reorganization items, net     (272)
Loss before income taxes (32,940) (58,725) (217,048)
Income tax expense     (709)
Net loss $ (32,940) $ (58,725) $ (217,757)
Net loss per share-basic $ (0.86) $ (1.71) $ (30.03)
Net loss per share-diluted $ (0.86) $ (1.71) $ (30.03)
Weighted average common shares outstanding - Basic (in shares) 38,382,599 34,242,631 7,251,231
Weighted average common shares outstanding - diluted 38,382,599 34,242,631 7,251,231
Voyage      
Revenues:      
Revenues $ 367,522 $ 209,698 $ 133,246
Vessel Management Services      
Revenues:      
Revenues     2,340
Other (expense) income:      
Loss before income taxes     1,502
Income tax expense     $ (709)