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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Revenues $ 83,550 $ 86,157 $ 177,014 $ 163,073
Operating expenses:        
Voyage expenses 41,800 25,983 84,822 47,075
Vessel operating expenses 24,358 23,720 47,549 47,487
Charter hire expenses 4,849 509 7,267 509
General and administrative expenses (inclusive of nonvested stock amortization expense of $569, $638, $1,021 and $1,131, respectively) 5,799 6,510 12,109 11,727
Technical management fees 1,885 1,950 3,825 3,898
Depreciation and amortization 18,271 16,450 36,348 33,336
Impairment of vessel assets 13,897 184 13,897 56,586
Gain on sale of vessels     (611)  
Total operating expenses 110,859 75,306 205,206 200,618
Operating (loss) income (27,309) 10,851 (28,192) (37,545)
Other (expense) income:        
Other income 107 144 437 59
Interest income 1,073 887 2,400 1,681
Interest expense (8,124) (8,469) (16,699) (16,593)
Impairment of right-of-use asset (223)   (223)  
Loss on debt extinguishment   (4,533)   (4,533)
Other expense (7,167) (11,971) (14,085) (19,386)
Net loss $ (34,476) $ (1,120) $ (42,277) $ (56,931)
Net loss per share-basic $ (0.83) $ (0.03) $ (1.01) $ (1.62)
Net loss per share-diluted $ (0.83) $ (0.03) $ (1.01) $ (1.62)
Weighted average common shares outstanding - basic (in shares) 41,742,301 35,516,058 41,734,248 35,049,615
Weighted average common shares outstanding - diluted 41,742,301 35,516,058 41,734,248 35,049,615
Voyage        
Revenues:        
Revenues $ 83,550 $ 86,157 $ 177,014 $ 163,073