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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Voyage revenues $ 51,161 $ 37,871 $ 134,780 $ 89,461
Service revenues   1,016   2,240
Total revenues 51,161 38,887 134,780 91,701
Operating expenses:        
Voyage expenses 5,550 2,262 9,743 9,232
Vessel operating expenses 25,131 28,460 73,867 86,125
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,255, $3,584, $3,536 and $14,512, respectively) 5,889 7,943 16,550 30,101
Technical management fees 1,883 2,210 5,735 6,760
Depreciation and amortization 17,836 18,127 54,194 58,152
Other operating income 0 0 0 (182)
Impairment of vessel assets 18,654 0 21,993 69,278
(Gain) loss on sale of vessels 0   (7,712) 77
Total operating expenses 74,943 59,002 174,370 259,543
Operating loss (23,782) (20,115) (39,590) (167,842)
Other (expense) income:        
Impairment of investment   0   (2,696)
Other (expense) income (37) 125 (152) (49)
Interest income 494 49 1,006 143
Interest expense (7,857) (7,073) (22,559) (21,199)
Other expense (7,400) (6,899) (21,705) (23,801)
Loss before reorganization items, net (31,182) (27,014) (61,295) (191,643)
Reorganization items, net   (83)   (243)
Loss before income taxes (31,182) (27,097) (61,295) (191,886)
Income tax expense   (417)   (766)
Net loss $ (31,182) $ (27,514) $ (61,295) $ (192,652)
Net loss per share-basic $ (0.90) $ (3.80) $ (1.80) $ (26.65)
Net loss per share-diluted $ (0.90) $ (3.80) $ (1.80) $ (26.65)
Weighted average common shares outstanding - Basic 34,469,998 7,245,268 34,135,736 7,228,660
Weighted average common shares outstanding-diluted 34,469,998 7,245,268 34,135,736 7,228,660