Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 127,722	$ 155,889
Restricted cash	14,855	6,045
Due from charterers, net of a reserve of $662 and $1,064, respectively	13,370	13,701
Prepaid expenses and other current assets	8,705	10,049
Inventories	23,034	27,208
Vessels held for sale	23,252	10,303
Total current assets	210,938	223,195
Noncurrent assets:
Vessels, net of accumulated depreciation of $242,465 and $288,373, respectively	1,109,341	1,273,861
Deferred drydock, net of accumulated amortization of $7,691 and $11,862 respectively	19,192	17,304
Fixed assets, net of accumulated depreciation and amortization of $2,057 and $2,154, respectively	7,215	5,976
Operating lease right-of-use assets	7,565	8,241
Restricted cash	315	315
Total noncurrent assets	1,143,628	1,305,697
Total assets	1,354,566	1,528,892
Current liabilities:
Accounts payable and accrued expenses	24,071	49,604
Current portion of long-term debt	79,522	69,747
Deferred revenue	4,368	6,627
Current operating lease liabilities	1,720	1,677
Total current liabilities:	109,681	127,655
Noncurrent liabilities:
Long-term operating lease liabilities	8,955	9,826
Long-term debt, net of deferred financing costs of $11,648 and $13,094, respectively	403,304	412,983
Total noncurrent liabilities	412,259	422,809
Total liabilities	521,940	550,464
Commitments and contingencies (Note 12)
Equity:
Common stock, par value $0.01; 500,000,000 shares authorized; 41,801,753 and 41,754,413 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	418	417
Additional paid-in capital	1,714,019	1,721,268
Accumulated deficit	(881,811)	(743,257)
Total equity	832,626	978,428
Total liabilities and equity	$ 1,354,566	$ 1,528,892