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Consolidated Statemenets of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities:      
Net (loss)/income $ 27,684 $ (84,679) $ (55,966)
Adjustments to reconcile (net loss)/income to net cash provided by operating activities:      
Depreciation 48,067 51,424 49,485
Loss on sale of assets 0 120 2,750
Impairment loss 0 91,293 17,163
Gain on debt extinguishment 0 (8,189) 0
Other non cash items 0 373 0
Amortization and write-off of deferred finance charges 1,794 2,457 3,063
Unrealized (gain)/loss on derivatives 60 (146) (411)
Unrealized foreign exchange (gain)/loss 119 (244) 0
Share based compensation 120 120 120
Change in:      
Accounts receivable (534) (2,373) (1,695)
Due from Manager (23) 25 345
Inventories 88 947 238
Accrued revenue 1,771 (1,765) (90)
Prepaid expenses and other current assets (1,097) 293 (340)
Due to Manager 23 0 0
Trade accounts payable 2,630 (486) (1,679)
Accrued liabilities 2,625 (569) 411
Unearned revenue 2,122 1,500 84
Net Cash Provided by Operating Activities 85,449 50,101 13,478
Cash Flows from Investing Activities:      
Vessel advances (45,932) (59,943) (58,373)
Proceeds from sale of assets 0 20,510 29,000
Increase in bank time deposits (60,795) (37,635) (51,452)
Maturity of bank time deposits 43,057 37,478 40,952
Net Cash Used in Investing Activities (63,670) (39,590) (39,873)
Cash Flows from Financing Activities:      
Proceeds from long-term debt 187,513 115,260 64,500
Principal payments of long-term debt (179,725) (122,805) (148,529)
Dividends paid (11,387) (12,316) (14,049)
Payment of deferred financing costs (1,873) (1,868) (100)
Proceeds on issuance of common stock 0 0 16,494
Payment of common stock offering expenses (3) (18) (361)
Repurchase of common stock (617) 0 (120)
Repurchase of preferred stock (9,488) (114) (1,710)
Tender offer-redemption of preferred stock 0 (24,890) 0
Payment of tender offer expenses 0 (309) 0
Net Cash Used in Financing Activities (15,580) (47,060) (83,875)
Net (decrease)/increase in cash, cash equivalents and restricted cash 6,199 (36,549) (110,270)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (119) 244 0
Cash, cash equivalents and restricted cash at beginning of year 56,510 92,815 203,085
Cash, cash equivalents and restricted cash at end of year 62,590 56,510 92,815
Supplemental cash flow information:      
Cash paid for interest (excluding capitalized interest) 23,849 22,682 19,829
Non Cash Investing and Financing Activities:      
Unpaid financing fees 540 85 18
Part payment of vessel advances through issuance of common stock and preferred stock 20,175 0 0
Unpaid capital expenditure 1,028 210 3,500
Reconciliation of Cash, Cash Equivalents and Restricted Cash:      
Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 56,510 $ 92,815 $ 203,085