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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUE        
Freight and related revenue $ 37,011 $ 37,518 $ 67,291 $ 70,623
Fuel and other surcharges 2,456 1,722 4,518 2,434
TOTAL REVENUE 39,467 39,240 71,809 73,057
EXPENSES        
Vessel operating expenses 21,565 22,028 40,550 40,870
Repairs and maintenance 490 100 1,202 1,085
General and administrative 4,212 3,855 8,915 7,730
Depreciation 6,200 5,203 11,534 10,501
Amortization of drydock costs 873 754 1,631 1,607
Amortization of intangibles 259 252 505 505
(Gain) on foreign exchange, net (1,596) (540) (2,677) (1,663)
Restructuring charges 0 0 0 2,375
Impairment charges on retired asset 0 0 0 1,872
TOTAL EXPENSES 32,003 31,652 61,660 64,882
OPERATING INCOME 7,464 7,588 10,149 8,175
OTHER INCOME AND EXPENSES        
Interest expense 5,721 4,276 13,728 7,896
Interest and other income (11) (2) (11) (4)
Total Other Income and Expenses 5,710 4,274 13,717 7,892
INCOME (LOSS) BEFORE INCOME TAXES 1,754 3,314 (3,568) 283
PROVISION (RECOVERY) OF INCOME TAXES        
Current 120 0 120 0
Deferred (150) 318 (359) (131)
(Recovery) provision for Income Taxes (30) 318 (239) (131)
NET INCOME (LOSS) BEFORE PREFERRED STOCK DIVIDENDS 1,784 2,996 (3,329) 414
PREFERRED STOCK DIVIDENDS 482 395 952 781
INCOME (LOSS) APPLICABLE TO COMMON STOCKHOLDERS $ 1,302 $ 2,601 $ (4,281) $ (367)
Weighted Average Number of Shares Outstanding, Basic 18,558,960 18,379,565 18,543,279 18,349,970
Earnings Per Share, Diluted $ 0.07 $ 0.14 $ (0.23) $ (0.02)
Earnings Per Share, Diluted $ 0.07 $ 0.14 $ (0.23) $ (0.02)
Weighted average number of shares basic and diluted (in shares) 18,558,960   18,543,279 18,349,970
Weighted Average Number of Shares Outstanding, Diluted 20,941,863 20,762,468 20,926,182 20,732,873