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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 143,872 $ 155,889
Restricted cash 35,492 6,045
Due from charterers, net of a reserve of $669 and $1,064, respectively 12,991 13,701
Prepaid expenses and other current assets 10,856 10,049
Inventories 21,583 27,208
Vessels held for sale 22,408 10,303
Total current assets 247,202 223,195
Noncurrent assets:    
Vessels, net of accumulated depreciation of $204,201 and $288,373, respectively 919,114 1,273,861
Vessels held for exchange 38,214  
Deferred drydock, net of accumulated amortization of $8,124 and $11,862 respectively 14,689 17,304
Fixed assets, net of accumulated depreciation and amortization of $2,266 and $2,154, respectively 6,393 5,976
Operating lease right-of-use assets 6,882 8,241
Restricted cash 315 315
Total noncurrent assets 985,607 1,305,697
Total assets 1,232,809 1,528,892
Current liabilities:    
Accounts payable and accrued expenses 22,793 49,604
Current portion of long-term debt 80,642 69,747
Deferred revenue 8,421 6,627
Current operating lease liabilities 1,765 1,677
Total current liabilities: 113,621 127,655
Noncurrent liabilities:    
Long-term operating lease liabilities 8,061 9,826
Contract Liability 7,200  
Long-term debt, net of deferred financing costs of $9,653 and $13,094, respectively 358,933 412,983
Total noncurrent liabilities 374,194 422,809
Total liabilities 487,815 550,464
Commitments and contingencies (Note 14)
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 41,801,753 and 41,754,413 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively 418 417
Additional paid-in capital 1,713,406 1,721,268
Accumulated deficit (968,830) (743,257)
Total equity 744,994 978,428
Total liabilities and equity $ 1,232,809 $ 1,528,892