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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 116,280 $ 143,872
Restricted cash 44,606 35,492
Due from charterers, net of a reserve of $820 and $669, respectively 13,912 12,991
Prepaid expenses and other current assets 11,057 10,856
Inventories 26,441 21,583
Vessels held for sale 7,798 22,408
Total current assets 220,094 247,202
Noncurrent assets:    
Vessels, net of accumulated depreciation of $228,014 and $204,201, respectively 913,829 919,114
Deposits on vessels 21,638  
Vessels held for exchange   38,214
Deferred drydock, net of accumulated amortization of $10,679 and $8,124 respectively 13,956 14,689
Fixed assets, net of accumulated depreciation and amortization of $3,087 and $2,266, respectively 5,877 6,393
Operating lease right-of-use assets 6,192 6,882
Restricted cash 315 315
Fair value of derivative instruments 564  
Total noncurrent assets 962,371 985,607
Total assets 1,182,465 1,232,809
Current liabilities:    
Accounts payable and accrued expenses 27,256 22,793
Current portion of long-term debt 55,920 80,642
Deferred revenue 9,375 8,421
Current operating lease liabilities 1,811 1,765
Total current liabilities: 94,362 113,621
Noncurrent liabilities:    
Long-term operating lease liabilities 7,144 8,061
Contract Liability   7,200
Long-term debt, net of deferred financing costs of $7,418 and $9,653, respectively 303,687 358,933
Total noncurrent liabilities 310,831 374,194
Total liabilities 405,193 487,815
Commitments and contingencies (Note 13)
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 41,916,874 and 41,801,753 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 419 418
Additional paid-in capital 1,711,523 1,713,406
Accumulated other comprehensive income 138  
Accumulated deficit (934,808) (968,830)
Total equity 777,272 744,994
Total liabilities and equity $ 1,182,465 $ 1,232,809