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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 81,618 $ 130,743
Time deposits - Short term 12,000 1,500
Accounts receivable 8,235 6,540
Assets held for sale 0 31,995
Due from Manager 601 946
Inventories 5,174 5,167
Accrued revenue 166 87
Restricted cash 1,195 64,505
Prepaid expenses and other current assets 2,019 1,679
Total current assets 111,008 243,162
FIXED ASSETS:    
Vessels, net 1,038,719 988,161
Advances for vessel acquisitions and vessels under construction 13,007 68,356
Total fixed assets 1,051,726 1,056,517
OTHER NON CURRENT ASSETS:    
Deferred financing costs 0 1,016
Restricted cash 10,002 7,837
Derivative assets 88 181
Accrued revenue 929 918
Total assets 1,173,753 1,309,631
CURRENT LIABILITIES:    
Current portion of long-term debt, net 12,177 77,467
Liability directly associated with assets held for sale, net 0 16,724
Unearned revenue 2,040 1,956
Trade accounts payable 5,392 5,277
Accrued liabilities 4,153 3,984
Derivative liabilities 17 318
Total current liabilities 23,779 105,726
Derivatives liabities - Long-term 157 360
Long-term debt, net 569,781 569,399
Other liabilities - Long-term 1,500 0
Total liabilities 595,217 675,485
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:    
Common stock, $0.001 par value; 200,000,000 authorized, 83,486,194 and 99,251,628 issued and outstanding at December 31, 2015 and 2016, respectively 99 83
Preferred stock, $0.01 par value; 20,000,000 authorized, 1,569,526 Series B Preferred Shares and 1,490,603 Series B Preferred Shares, 2,300,000 Series C Preferred Shares, 3,200,000 Series D Preferred Shares, issued and outstanding at December 31, 2015 and 2016, respectively 70 71
Treasury stock, $0.001 par value; none and 113,076 shares repurchased at December 31, 2015 and December 31, 2016, respectively (120) 0
Additional paid in capital 384,241 369,731
Retained earnings 194,246 264,261
Total shareholders' equity 578,536 634,146
Total liabilities and shareholders' equity $ 1,173,753 $ 1,309,631