XML 23 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Revenues $ 93,464 $ 76,916
Operating expenses:    
Voyage expenses 43,022 21,093
Vessel operating expenses 23,190 23,767
Charter hire expenses 2,419  
General and administrative expenses (inclusive of nonvested stock amortization expense of $452 and $493, respectively) 6,310 5,218
Technical management fees 1,940 1,948
Depreciation and amortization 18,076 16,886
Impairment of vessel assets 0 56,402
Gain on sale of vessels (611)  
Total operating expenses 94,346 125,314
Operating income (loss) (882) (48,398)
Other (expense) income:    
Other income (expense) 329 (85)
Interest income 1,327 794
Interest expense (8,575) (8,124)
Other expense (6,919) (7,415)
Loss before income taxes (7,801) (55,813)
Net loss $ (7,801) $ (55,813)
Net loss per share-basic $ (0.19) $ (1.61)
Net loss per share-diluted $ (0.19) $ (1.61)
Weighted average common shares outstanding - basic (in shares) 41,726,106 34,577,990
Weighted average common shares outstanding - diluted 41,726,106 34,577,990
Voyage    
Revenues:    
Revenues $ 93,464 $ 76,916