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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 155,889 $ 197,499
Restricted cash 6,045 4,947
Due from charterers, net of a reserve of $1,064 and $669, respectively 13,701 22,306
Prepaid expenses and other current assets 10,049 10,449
Inventories 27,208 29,548
Vessels held for sale 10,303 5,702
Total current assets 223,195 270,451
Noncurrent assets:    
Vessels, net of accumulated depreciation of $288,373 and $244,529, respectively 1,273,861 1,344,870
Deferred drydock, net of accumulated amortization of $11,862 and $13,553 respectively 17,304 9,544
Fixed assets, net of accumulated depreciation and amortization of $2,154 and $1,281, respectively 5,976 2,290
Operating lease right-of-use assets 8,241  
Restricted cash 315 315
Total noncurrent assets 1,305,697 1,357,019
Total assets 1,528,892 1,627,470
Current liabilities:    
Accounts payable and accrued expenses 49,604 29,143
Current portion of long-term debt 69,747 66,320
Deferred revenue 6,627 6,404
Current operating lease liabilities 1,677  
Total current liabilities: 127,655 101,867
Noncurrent liabilities:    
Long-term operating lease liabilities 9,826  
Deferred rent   3,468
Long-term debt, net of deferred financing costs of $13,094 and $16,272, respectively 412,983 468,828
Total noncurrent liabilities 422,809 472,296
Total liabilities 550,464 574,163
Commitments and contingencies (Note 14)
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 41,754,413 and 41,644,470 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively 417 416
Additional paid-in capital 1,721,268 1,740,163
Retained deficit (743,257) (687,272)
Total equity 978,428 1,053,307
Total liabilities and equity $ 1,528,892 $ 1,627,470