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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 123,191 $ 143,872
Restricted cash 40,519 35,492
Due from charterers, net of a reserve of $493 and $669, respectively 11,243 12,991
Prepaid expenses and other current assets 13,149 10,856
Inventories 24,148 21,583
Vessels held for sale 15,630 22,408
Total current assets 227,880 247,202
Noncurrent assets:    
Vessels, net of accumulated depreciation of $215,970 and $204,201, respectively 924,468 919,114
Vessels held for exchange   38,214
Deferred drydock, net of accumulated amortization of $9,377 and $8,124 respectively 14,374 14,689
Fixed assets, net of accumulated depreciation and amortization of $2,664 and $2,266, respectively 6,139 6,393
Operating lease right-of-use assets 6,538 6,882
Restricted cash 315 315
Fair value of derivative instruments 629  
Total noncurrent assets 952,463 985,607
Total assets 1,180,343 1,232,809
Current liabilities:    
Accounts payable and accrued expenses 24,402 22,793
Current portion of long-term debt 65,277 80,642
Deferred revenue 7,389 8,421
Current operating lease liabilities 1,788 1,765
Total current liabilities: 98,856 113,621
Noncurrent liabilities:    
Long-term operating lease liabilities 7,606 8,061
Contract Liability   7,200
Long-term debt, net of deferred financing costs of $8,677 and $9,653, respectively 327,064 358,933
Total noncurrent liabilities 334,670 374,194
Total liabilities 433,526 487,815
Commitments and contingencies (Note 13)
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 41,912,432 and 41,801,753 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 419 418
Additional paid-in capital 1,713,082 1,713,406
Accumulated other comprehensive income 161  
Accumulated deficit (966,845) (968,830)
Total equity 746,817 744,994
Total liabilities and equity $ 1,180,343 $ 1,232,809