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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)    
Voyage Revenues $ 195,316 $ 229,295
Voyage Expenses (56,930) (86,271)
Vessel Operating Expenses (36,931) (33,029)
General and Administrative Expenses (7,218) (4,906)
Depreciation Expense (43,073) (40,468)
Net Operating Income 51,164 64,621
Interest Income 64 73
Interest Expense (4,951) (5,400)
Other Financial Expense (62) (17)
Total Other Expenses (4,950) (5,344)
Net Income Before Income Taxes and Equity Loss 46,214 59,276
Income Tax Expense 0 0
Equity Loss (3,944) (635)
Net Income $ 42,270 $ 58,642
Basic Earnings per Share (in dollars per share) $ 0.47 $ 0.66
Diluted Earnings per share (in dollars per share) $ 0.47 $ 0.66
Basic Weighted Average Number of Common Shares Outstanding (in shares) 89,313,615 89,182,001
Diluted Weighted Average Number of Common Shares Outstanding (in shares) 89,313,615 89,182,001
Dividends declared per share (in dollars per share) $ 0.86 $ 0.60