Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 134,338	$ 155,889
Restricted cash	14,855	6,045
Due from charterers, net of a reserve of $665 and $1,064, respectively	15,004	13,701
Prepaid expenses and other current assets	10,865	10,049
Inventories	29,342	27,208
Vessels held for sale	23,129	10,303
Total current assets	227,533	223,195
Noncurrent assets:
Vessels, net of accumulated depreciation of $228,208 and $288,373, respectively	1,121,561	1,273,861
Deferred drydock, net of accumulated amortization of $6,993 and $11,862 respectively	17,704	17,304
Fixed assets, net of accumulated depreciation and amortization of $1,704 and $2,154, respectively	5,949	5,976
Operating lease right-of-use assets	7,904	8,241
Restricted cash	315	315
Total noncurrent assets	1,153,433	1,305,697
Total assets	1,380,966	1,528,892
Current liabilities:
Accounts payable and accrued expenses	34,170	49,604
Current portion of long-term debt	72,962	69,747
Deferred revenue	7,818	6,627
Current operating lease liabilities	1,698	1,677
Total current liabilities:	116,648	127,655
Noncurrent liabilities:
Long-term operating lease liabilities	9,393	9,826
Long-term debt, net of deferred financing costs of $12,143 and $13,094, respectively	403,729	412,983
Total noncurrent liabilities	413,122	422,809
Total liabilities	529,770	550,464
Commitments and contingencies (Note 14)
Equity:
Common stock, par value $0.01; 500,000,000 shares authorized; 41,801,753 and 41,754,413 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	418	417
Additional paid-in capital	1,714,385	1,721,268
Accumulated deficit	(863,607)	(743,257)
Total equity	851,196	978,428
Total liabilities and equity	$ 1,380,966	$ 1,528,892