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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Revenues $ 155,252 $ 87,524 $ 363,851 $ 260,066
Operating expenses:        
Voyage expenses 37,797 33,487 109,572 123,550
Vessel operating expenses 21,788 23,460 59,622 66,332
Charter hire expenses 8,644 1,020 22,405 5,527
General and administrative expenses (inclusive of nonvested stock amortization expense of $597, $534, $1,670 and $1,491, respectively) 5,659 5,115 17,616 16,353
Technical management fees 1,631 1,739 4,400 5,316
Depreciation and amortization 14,200 16,115 41,409 49,619
Impairment of vessel assets   21,896   134,710
Loss on sale of vessels 159 358 894 844
Total operating expenses 89,878 103,190 255,918 402,251
Operating income (loss) 65,374 (15,666) 107,933 (142,185)
Other income (expense):        
Other income (expense) 84 (436) 440 (900)
Interest income 25 101 144 948
Interest expense (3,943) (5,097) (12,955) (17,515)
Loss on debt extinguishment (4,408)   (4,408)  
Other expense, net (8,242) (5,432) (16,779) (17,467)
Net income (loss) $ 57,132 $ (21,098) $ 91,154 $ (159,652)
Net earnings (loss) per share-basic $ 1.36 $ (0.50) $ 2.17 $ (3.81)
Net earnings (loss) per share-diluted $ 1.34 $ (0.50) $ 2.14 $ (3.81)
Weighted average common shares outstanding-basic 42,095,211 41,928,682 42,047,115 41,898,756
Weighted average common shares outstanding-diluted 42,750,836 41,928,682 42,548,187 41,898,756
Voyage        
Revenues:        
Revenues $ 155,252 $ 87,524 $ 363,851 $ 260,066