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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Revenues $ 87,591 $ 98,336
Operating expenses:    
Voyage expenses 35,074 48,368
Vessel operating expenses 19,046 21,813
Charter hire expenses 5,435 3,075
General and administrative expenses (inclusive of nonvested stock amortization expense of $522 and $481, respectively) 6,102 5,767
Technical management fees 1,464 1,854
Depreciation and amortization 13,441 17,574
Impairment of vessel assets 0 112,814
Loss on sale of vessels 720 486
Total operating expenses 81,282 211,751
Operating income (loss) 6,309 (113,415)
Other income (expense):    
Other income (expense) 146 (584)
Interest income 71 594
Interest expense (4,541) (6,945)
Other expense, net (4,324) (6,935)
Net income (loss) $ 1,985 $ (120,350)
Net earnings (loss) per share-basic $ 0.05 $ (2.87)
Net earnings (loss) per share-diluted $ 0.05 $ (2.87)
Weighted average common shares outstanding-basic 41,973,782 41,866,357
Weighted average common shares outstanding-diluted 42,276,380 41,866,357
Voyage    
Revenues:    
Revenues $ 87,591 $ 98,336