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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net (loss) income $ (17,463) $ 130,538
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 49,762 44,162
Amortization of deferred financing costs 1,323 1,268
Right-of-use asset amortization 1,084 1,060
Amortization of nonvested stock compensation expense 4,175 2,356
Impairment of vessel assets 28,102  
Amortization of premium on derivatives 143 63
Insurance proceeds for protection and indemnity claims 252 709
Insurance proceeds for loss of hire claims 506  
Change in assets and liabilities:    
Decrease (increase) in due from charterers 5,811 (5,750)
Increase in prepaid expenses and other current assets (4,882) (1,421)
Increase in inventories (5,966) (7,618)
Increase in accounts payable and accrued expenses 24 7,344
Increase in deferred revenue 1,576 4,383
Decrease in operating lease liabilities (1,551) (1,384)
Deferred drydock costs incurred (10,730) (22,262)
Net cash provided by operating activities 52,166 153,448
Cash flows from investing activities:    
Purchase of vessels and ballast water treatment systems, including deposits (3,485) (50,879)
Purchase of other fixed assets (2,169) (2,929)
Insurance proceeds for hull and machinery claims 2,361 293
Net cash used in investing activities (3,293) (53,515)
Cash flows from financing activities:    
Repayments on the $450 Million Credit Facility (26,250) (66,250)
Cash dividends paid (34,506) (82,713)
Payment of deferred financing costs   (11)
Net cash used in financing activities (60,756) (148,974)
Net decrease in cash, cash equivalents and restricted cash (11,883) (49,041)
Cash, cash equivalents and restricted cash at beginning of period 64,100 120,531
Cash, cash equivalents and restricted cash at end of period $ 52,217 $ 71,490