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FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES (Details) - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]    
Investment Securities $ 825 $ 0
Fair Value [Member] | Level 1 [Member] | Recurring [Member]    
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]    
Cash and Cash Equivalents 48,847 49,327
Restricted Cash 12,791 0
Investment Securities 825 4,197
Fair Value [Member] | Level 2 [Member] | Recurring [Member]    
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]    
Credit Facility 0 (313,400)
2019 Senior Secured Credit Facility [1] (291,798) 0
Vessel financing 2018 Newbuildings [1] (119,867) (127,140)
Carrying Value [Member] | Level 1 [Member] | Recurring [Member]    
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]    
Cash and Cash Equivalents 48,847 49,327
Restricted Cash 12,791 0
Investment Securities 825 4,197
Carrying Value [Member] | Level 2 [Member] | Recurring [Member]    
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]    
Credit Facility 0 (313,400)
2019 Senior Secured Credit Facility [1] (291,798) 0
Vessel financing 2018 Newbuildings [1] $ (119,867) $ (127,140)
[1] The 2019 Senior Secured Credit Facility and Vessel financing 2018 Newbuildings carry a floating LIBOR interest rate, plus a margin and the fair value is assumed to equal the carrying value.