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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 80,172 $ 143,872
Restricted cash   35,492
Due from charterers, net of a reserve of $1,635 and $669, respectively 22,069 12,991
Prepaid expenses and other current assets 9,544 10,856
Inventories 23,722 21,583
Vessels held for sale 6,964 22,408
Total current assets 142,471 247,202
Noncurrent assets:    
Vessels, net of accumulated depreciation of $239,893 and $204,201, respectively 991,471 919,114
Deposits on vessels 17,702  
Vessels held for exchange   38,214
Deferred drydock, net of accumulated amortization of $11,649 and $8,124 respectively 12,465 14,689
Fixed assets, net of accumulated depreciation and amortization of $3,525 and $2,266, respectively 6,072 6,393
Operating lease right-of-use assets 5,845 6,882
Restricted cash 315 315
Fair value of derivative instruments 424  
Total noncurrent assets 1,034,294 985,607
Total assets 1,176,765 1,232,809
Current liabilities:    
Accounts payable and accrued expenses 24,138 22,793
Current portion of long-term debt   80,642
Deferred revenue 14,441 8,421
Fair market value of time charters acquired 2,220  
Current operating lease liabilities 1,835 1,765
Total current liabilities: 42,634 113,621
Noncurrent liabilities:    
Long-term operating lease liabilities 6,677 8,061
Contract liability   7,200
Long-term debt, net of deferred financing costs of $8,229 and $9,653, respectively 296,771 358,933
Total noncurrent liabilities 303,448 374,194
Total liabilities 346,082 487,815
Commitments and contingencies (Note 13)
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 41,924,597 and 41,801,753 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 419 418
Additional paid-in capital 1,707,900 1,713,406
Accumulated other comprehensive income 40  
Accumulated deficit (877,676) (968,830)
Total equity 830,683 744,994
Total liabilities and equity $ 1,176,765 $ 1,232,809