XML 22 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Revenues $ 121,008 $ 74,206 $ 208,599 $ 172,542
Operating expenses:        
Voyage expenses 36,702 41,695 71,775 90,063
Vessel operating expenses 18,789 21,058 37,834 42,871
Charter hire expenses 8,325 1,432 13,761 4,507
General and administrative expenses (inclusive of nonvested stock amortization expense of $551, $476, $1,073 and $957, respectively) 5,854 5,471 11,957 11,238
Technical management fees 1,305 1,724 2,769 3,578
Depreciation and amortization 13,769 15,930 27,209 33,504
Impairment of vessel assets     0 112,814
Loss on sale of vessels 15   735 486
Total operating expenses 84,759 87,310 166,040 299,061
Operating income (loss) 36,249 (13,104) 42,559 (126,519)
Other income (expense):        
Other income (expense) 210 120 356 (464)
Interest income 48 253 119 847
Interest expense (4,470) (5,473) (9,012) (12,418)
Other expense, net (4,212) (5,100) (8,537) (12,035)
Net income (loss) $ 32,037 $ (18,204) $ 34,022 $ (138,554)
Net earnings (loss) per share-basic $ 0.76 $ (0.43) $ 0.81 $ (3.31)
Net earnings (loss) per share-diluted $ 0.75 $ (0.43) $ 0.80 $ (3.31)
Weighted average common shares outstanding-basic 42,071,019 41,900,901 42,022,669 41,883,629
Weighted average common shares outstanding-diluted 42,612,132 41,900,901 42,445,184 41,883,629
Voyage        
Revenues:        
Revenues $ 121,008 $ 74,206 $ 208,599 $ 172,542