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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 14,401 $ 89,490
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 32,736 28,579
Amortization of deferred financing costs 840 841
Right-of-use asset amortization 721 705
Amortization of nonvested stock compensation expense 2,778 1,516
Amortization of premium on derivatives 84 110
Insurance proceeds for protection and indemnity claims 168 169
Insurance proceeds for loss of hire claims 152  
Change in assets and liabilities:    
Decrease (increase) in due from charterers 5,640 (4,847)
(Increase) decrease in prepaid expenses and other current assets (3,743) 584
Increase in inventories (1,361) (7,177)
(Decrease) increase in accounts payable and accrued expenses (7,708) 8,602
Increase (decrease) in deferred revenue 2,987 (4,292)
Decrease in operating lease liabilities (1,003) (917)
Deferred drydock costs incurred (7,744) (14,204)
Net cash provided by operating activities 38,948 99,159
Cash flows from investing activities:    
Purchase of vessels and ballast water treatment systems, including deposits (3,131) (48,346)
Purchase of other fixed assets (1,802) (1,927)
Insurance proceeds for hull and machinery claims 1,402 293
Net cash used in investing activities (3,531) (49,980)
Cash flows from financing activities:    
Repayments on the $450 Million Credit Facility (17,500) (57,500)
Cash dividends paid (28,125) (61,572)
Payment of deferred financing costs   (11)
Net cash used in financing activities (45,625) (119,083)
Net decrease in cash, cash equivalents and restricted cash (10,208) (69,904)
Cash, cash equivalents and restricted cash at beginning of period 64,100 120,531
Cash, cash equivalents and restricted cash at end of period $ 53,892 $ 50,627