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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net loss $ (225,573) $ (55,985) $ (32,940)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 65,168 72,824 68,976
Amortization of deferred financing costs 3,903 3,788 3,035
Payment of PIK interest     (5,341)
Noncash operating lease expense 1,359 1,246  
Amortization of nonvested stock compensation expense 2,026 2,057 2,231
Impairment of right-of-use asset   223  
Impairment of vessel assets 208,935 27,393 56,586
Loss (gain) on sale of vessels 1,855 168 (3,513)
Loss on debt extinguishment     4,533
Insurance proceeds for protection and indemnity claims 569 494 303
Insurance proceeds for loss of hire claims 78   58
Change in assets and liabilities:      
Decrease (Increase) in due from charterers 710 8,605 (10,099)
Increase in prepaid expenses and other current assets (1,938) (789) (6,626)
Decrease (increase) in inventories 5,625 2,340 (14,215)
Decrease in other noncurrent assets     514
(Decrease) increase in accounts payable and accrued expenses (17,355) 13,172 2,571
Increase in deferred revenue 1,794 223 1,190
Decrease in operating lease liabilities (1,677) (1,592)  
Increase in deferred rent     880
Deferred drydock costs incurred (8,583) (14,641) (2,236)
Net cash provided by operating activities 36,896 59,526 65,907
Cash flows from investing activities:      
Purchase of vessels and ballast water treatment systems, including deposits (4,485) (13,960) (241,872)
Purchase of scrubbers (capitalized in Vessels) (10,973) (31,750)  
Purchase of other fixed assets (4,580) (4,714) (1,462)
Net proceeds from sale of vessels 56,993 26,963 44,330
Insurance proceeds for hull and machinery claims 484 612 3,629
Net cash provided by (used in) investing activities 37,439 (22,849) (195,375)
Cash flows from financing activities:      
Payment of debt extinguishment costs     (2,962)
Proceeds from issuance of common stock     110,249
Payment of common stock issuance costs   (105) (496)
Cash dividends paid (9,847) (20,877)  
Payment of deferred financing costs (462) (611) (11,845)
Net cash (used in) provided by financing activities (56,905) (77,189) 127,283
Net increase (decrease) in cash, cash equivalents and restricted cash 17,430 (40,512) (2,185)
Cash, cash equivalents and restricted cash at beginning of period 162,249 202,761 204,946
Cash, cash equivalents and restricted cash at end of period 179,679 162,249 202,761
Secured Debt | $133 Million Credit Facility      
Cash flows from financing activities:      
Proceeds from credit facility 24,000   108,000
Repayment of secured debt (9,160) (6,320) (1,580)
Secured Debt | $495 Million Credit Facility      
Cash flows from financing activities:      
Proceeds from credit facility 11,250 21,500 460,000
Repayment of secured debt $ (72,686) $ (70,776) (15,000)
Secured Debt | $400 Million Credit Facility      
Adjustments to reconcile net loss to net cash provided by operating activities:      
Payment of PIK interest     (5,341)
Cash flows from financing activities:      
Repayment of secured debt     (399,600)
Secured Debt | $98 Million Credit Facility      
Cash flows from financing activities:      
Repayment of secured debt     (93,939)
Secured Debt | 2014 Term Loan Facilities      
Cash flows from financing activities:      
Repayment of secured debt     $ (25,544)