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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 136,233 $ 155,889
Restricted cash 24,227 6,045
Due from charterers, net of a reserve of $456 and $1,064, respectively 10,906 13,701
Prepaid expenses and other current assets 9,014 10,049
Inventories 21,159 27,208
Vessels held for sale 20,889 10,303
Total current assets 222,428 223,195
Noncurrent assets:    
Vessels, net of accumulated depreciation of $247,761 and $288,373, respectively 1,062,888 1,273,861
Deferred drydock, net of accumulated amortization of $8,067 and $11,862 respectively 17,157 17,304
Fixed assets, net of accumulated depreciation and amortization of $2,406 and $2,154, respectively 7,534 5,976
Operating lease right-of-use assets 7,225 8,241
Restricted cash 315 315
Total noncurrent assets 1,095,119 1,305,697
Total assets 1,317,547 1,528,892
Current liabilities:    
Accounts payable and accrued expenses 22,973 49,604
Current portion of long-term debt 80,642 69,747
Deferred revenue 8,318 6,627
Current operating lease liabilities 1,742 1,677
Total current liabilities: 113,675 127,655
Noncurrent liabilities:    
Long-term operating lease liabilities 8,511 9,826
Long-term debt, net of deferred financing costs of $10,650 and $13,094, respectively 384,141 412,983
Total noncurrent liabilities 392,652 422,809
Total liabilities 506,327 550,464
Commitments and contingencies (Note 12)
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 41,801,753 and 41,754,413 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 418 417
Additional paid-in capital 1,713,711 1,721,268
Accumulated deficit (902,909) (743,257)
Total equity 811,220 978,428
Total liabilities and equity $ 1,317,547 $ 1,528,892