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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current Assets    
Cash and Cash Equivalents $ 29,889 $ 100,736
Accounts Receivables, net 28,001  
Accounts Receivables, Related Party 596  
Prepaid Expenses 4,372  
Inventory 14,843  
Voyages in Progress 37,353  
Other Current Assets 3,125  
Total Current Assets 118,179  
Non-Current Assets    
Vessels, Net 962,685 909,992
Deposits paid for Vessels 64,000  
Goodwill 18,979  
Investment in Nordic American Offshore Ltd 64,877  
Other Non-current Assets 15,906 8,331
Total Non-current Assets 1,126,447  
Total Assets 1,244,626  
Current Liabilities    
Accounts Payable 4,247  
Accrued Voyage Expenses 7,035  
Accrued Liabilities 9,577 8,587
Total Current Liabilities 20,859  
Long Term Debt 330,000  
Deferred Compensation Liability 13,046  
Total Liabilities $ 363,905  
Commitment and Contingencies  
Shareholders' Equity    
Common Stock, Par Value $0.01 per Share 180,000,000 authorized 89,182,001 issued and outstanding at December 31, 2015 and December 31, 2014. $ 892  
Additional Paid-in Capital 114,679  
Contributed Surplus 766,122  
Accumulated Other Comprehensive Loss (972)  
Accumulated Deficit 0  
Total Shareholders' Equity 880,721 888,911
Total Liabilities and Shareholders' Equity $ 1,244,626  
Adjusted [Member]    
Current Assets    
Cash and Cash Equivalents   100,736
Accounts Receivables, net   15,739
Accounts Receivables, Related Party   673
Prepaid Expenses   5,513
Inventory   22,223
Voyages in Progress   29,586
Other Current Assets   2,029
Total Current Assets   176,499
Non-Current Assets    
Vessels, Net   909,992
Deposits paid for Vessels   0
Goodwill   18,979
Investment in Nordic American Offshore Ltd   62,059
Other Non-current Assets   8,331
Total Non-current Assets   999,361
Total Assets   1,175,860
Current Liabilities    
Accounts Payable   6,664
Accrued Voyage Expenses   8,784
Accrued Liabilities   8,587
Total Current Liabilities   24,035
Long Term Debt   250,000
Deferred Compensation Liability   12,914
Total Liabilities   $ 286,949
Commitment and Contingencies  
Shareholders' Equity    
Common Stock, Par Value $0.01 per Share 180,000,000 authorized 89,182,001 issued and outstanding at December 31, 2015 and December 31, 2014.   $ 892
Additional Paid-in Capital   114,291
Contributed Surplus   787,732
Accumulated Other Comprehensive Loss   (838)
Accumulated Deficit   (13,166)
Total Shareholders' Equity   888,911
Total Liabilities and Shareholders' Equity   $ 1,175,860