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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Revenues $ 103,776 $ 92,263 $ 280,790 $ 255,336
Operating expenses:        
Voyage expenses 42,967 31,475 127,789 78,551
Vessel operating expenses 24,711 25,155 72,260 72,642
Charter hire expenses 5,475 723 12,743 1,231
General and administrative expenses (inclusive of nonvested stock amortization expense of $575, $644, $1,596 and $1,776, respectively) 6,144 5,033 18,253 16,761
Technical management fees 1,885 2,028 5,710 5,926
Depreciation and amortization 18,184 17,269 54,532 50,605
Impairment of vessel assets 12,182 0 26,078 56,586
Gain on sale of vessels   (1,509) (611) (1,509)
Total operating expenses 111,548 80,174 316,754 280,793
Operating (loss) income (7,772) 12,089 (35,964) (25,457)
Other (expense) income:        
Other income 86 213 523 272
Interest income 892 1,062 3,292 2,743
Interest expense (7,797) (7,656) (24,496) (24,249)
Impairment of right-of-use asset     (223)  
Loss on debt extinguishment       (4,533)
Other expense (6,819) (6,381) (20,904) (25,767)
Net (loss) income $ (14,591) $ 5,708 $ (56,868) $ (51,224)
Net (loss) earnings per share-basic $ (0.35) $ 0.14 $ (1.36) $ (1.37)
Net (loss) earnings per share-diluted $ (0.35) $ 0.14 $ (1.36) $ (1.37)
Weighted average common shares outstanding-basic 41,749,200 41,618,187 41,739,287 37,263,200
Weighted average common shares outstanding-diluted 41,749,200 41,821,008 41,739,287 37,263,200
Voyage        
Revenues:        
Revenues $ 103,776 $ 92,263 $ 280,790 $ 255,336