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Consolidated Statemenets of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net (loss)/income $ 16,038 $ 27,684 $ (84,679)
Adjustments to reconcile (net loss)/income to net cash provided by operating activities:      
Depreciation 50,310 48,067 51,424
Loss on sale of assets 0 0 120
Impairment loss 0 0 91,293
Gain on debt extinguishment 0 0 (8,189)
Other non cash items 279 0 373
Amortization and write-off of deferred finance charges 1,845 1,794 2,457
Unrealized (gain)/loss on derivatives 121 60 (146)
Unrealized foreign exchange (gain)/loss (10) 119 (244)
Share based compensation 120 120 120
Change in:      
Accounts receivable (4,217) (534) (2,373)
Due from Manager 41 (23) 25
Inventories (5,540) 88 947
Accrued revenue 476 1,771 (1,765)
Prepaid expenses and other current assets (1,448) (1,097) 293
Due to Manager (14) 23 0
Trade accounts payable 5,045 2,630 (486)
Accrued liabilities (2,892) 2,625 (569)
Other liabilities 104 0 0
Unearned revenue (1,974) 2,122 1,500
Net Cash Provided by Operating Activities 58,284 85,449 50,101
Cash Flows from Investing Activities:      
Vessel advances (39,240) (45,932) (59,943)
Proceeds from sale of assets 0 0 20,510
Increase in bank time deposits (84,969) (60,795) (37,635)
Maturity of bank time deposits 87,424 43,057 37,478
Net Cash Used in Investing Activities (36,785) (63,670) (39,590)
Cash Flows from Financing Activities:      
Proceeds from long-term debt 177,575 187,513 115,260
Principal payments of long-term debt (151,335) (179,725) (122,805)
Dividends paid (11,495) (11,387) (12,316)
Payment of deferred financing costs (2,052) (1,873) (1,868)
Payment of common stock offering expenses 0 (3) (18)
Repurchase of common stock (4,153) (617) 0
Repurchase of preferred stock 0 (9,488) (114)
Tender offer-redemption of preferred stock 0 0 (24,890)
Payment of tender offer expenses 0 0 (309)
Net Cash (Used in)/Provided by Financing Activities 8,540 (15,580) (47,060)
Net (decrease)/increase in cash, cash equivalents and restricted cash 30,039 6,199 (36,549)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 10 (119) 244
Cash, cash equivalents and restricted cash at beginning of year 62,590 56,510 92,815
Cash, cash equivalents and restricted cash at end of year 92,639 62,590 56,510
Supplemental cash flow information:      
Cash paid for interest (excluding capitalized interest): 29,348 23,849 22,682
Non Cash Investing and Financing Activities:      
Unpaid financing fees 440 540 85
Part payment of vessel advances through issuance of common stock and preferred stock 6,600 20,175 0
Unpaid capital expenditure 5,611 1,028 210
Reconciliation of Cash, Cash Equivalents and Restricted Cash:      
Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 92,639 $ 56,510 $ 56,510