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UNAUDITED QUARTERLY RESULTS OF OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2020
UNAUDITED QUARTERLY RESULTS OF OPERATIONS |
Schedule of unaudited quarterly results of operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020 |
​ | ​ | Quarter Ended (2) |
(In thousands, except share and per share amounts) |  | March 31, |  | June 30, |  | September 30, |  | December 31, |
​ | ​ | ​ | (3) | ​ | ​ | ​ | ​ | ​ | (3) | ​ | ​ | (3) | ​
Voyage Revenues |  | $ | 98,336 |  | $ | 74,206 |  | $ | 87,524 | ​ | $ | 95,495 | ​
Operating loss | ​ | ​ | (113,415) | ​ | ​ | (13,104) | ​ | ​ | (15,666) | ​ | ​ | (61,151) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss | ​ | ​ | (120,350) | ​ | ​ | (18,204) | ​ | ​ | (21,098) | ​ | ​ | (65,921) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss per share - basic (1) |  | $ | (2.87) |  | $ | (0.43) |  | $ | (0.50) | ​ | $ | (1.57) | ​
Net loss per share - diluted (1) |  | $ | (2.87) |  | $ | (0.43) |  | $ | (0.50) | ​ | $ | (1.57) | ​
Dividends declared per share | ​ | $ | 0.175 | ​ | $ | 0.02 | ​ | $ | 0.02 | ​ | $ | 0.02 | ​
Weighted average common shares outstanding - basic | ​ | ​ | 41,866,357 | ​ | ​ | 41,900,901 | ​ | ​ | 41,928,682 | ​ | ​ | 41,933,926 | ​
Weighted average common shares outstanding - diluted | ​ | ​ | 41,866,357 | ​ | ​ | 41,900,901 | ​ | ​ | 41,928,682 | ​ | ​ | 41,933,926 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2019 | ​
​ | ​ | Quarter Ended (2) | ​
(In thousands, except share and per share amounts) | ​ | March 31, | ​ | June 30, | ​ | September 30, | ​ | December 31, | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Voyage Revenues | ​ | $ | 93,464 | ​ | $ | 83,550 | ​ | $ | 103,776 | ​ | $ | 108,705 | ​
Operating (loss) income | ​ |  | (882) | ​ |  | (27,309) | ​ |  | (7,772) | ​ |  | 7,560 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net (loss) income | ​ |  | (7,801) | ​ |  | (34,476) | ​ |  | (14,591) | ​ |  | 882 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net (loss) earnings per share - basic (1) | ​ | $ | (0.19) | ​ | $ | (0.83) | ​ | $ | (0.35) | ​ | $ | 0.02 | ​
Net (loss) earnings per share - diluted (1) | ​ | $ | (0.19) | ​ | $ | (0.83) | ​ | $ | (0.35) | ​ | $ | 0.02 | ​
Dividends declared per share | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 0.50 | ​
Weighted average common shares outstanding - basic | ​ |  | 41,726,106 | ​ |  | 41,742,301 | ​ |  | 41,749,200 | ​ |  | 41,832,942 | ​
Weighted average common shares outstanding - diluted | ​ |  | 41,726,106 | ​ |  | 41,742,301 | ​ |  | 41,749,200 | ​ |  | 41,989,553 | ​
| (1) | Amounts may not total to annual loss because each quarter and year are calculated separately based on basic and diluted weighted-average common shares outstanding during that period.
​
| (2) | Amounts may not total to annual amounts for the years ended December 31, 2020 and 2019 as reported in the Consolidated Statements of Operations due to rounding.
​
| (3) | During the quarters ended March 31, 2020, September 30, 2020 and December 31, 2020, the Company recorded $112,814, $21,896 and $74,225 of Impairment of vessel assets, respectively.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
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