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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenues $ 74,206 $ 83,550 $ 172,542 $ 177,014
Operating expenses:        
Voyage expenses 41,695 41,800 90,063 84,822
Vessel operating expenses 21,058 24,358 42,871 47,549
Charter hire expenses 1,432 4,849 4,507 7,267
General and administrative expenses (inclusive of nonvested stock amortization expense of $476, $569, $957 and $1,021, respectively) 5,471 5,799 11,238 12,109
Technical management fees 1,724 1,885 3,578 3,825
Depreciation and amortization 15,930 18,271 33,504 36,348
Impairment of vessel assets 0 13,897 112,814 13,897
Loss (gain) on sale of vessels     486 (611)
Total operating expenses 87,310 110,859 299,061 205,206
Operating loss (13,104) (27,309) (126,519) (28,192)
Other (expense) income:        
Other income (expense) 120 107 (464) 437
Interest income 253 1,073 847 2,400
Interest expense (5,473) (8,124) (12,418) (16,699)
Impairment of right-of-use asset   (223)   (223)
Other expense (5,100) (7,167) (12,035) (14,085)
Net loss $ (18,204) $ (34,476) $ (138,554) $ (42,277)
Net loss per share-basic $ (0.43) $ (0.83) $ (3.31) $ (1.01)
Net loss per share-diluted $ (0.43) $ (0.83) $ (3.31) $ (1.01)
Weighted average common shares outstanding-basic 41,900,901 41,742,301 41,883,629 41,734,248
Weighted average common shares outstanding-diluted 41,900,901 41,742,301 41,883,629 41,734,248
Voyage        
Revenues:        
Revenues $ 74,206 $ 83,550 $ 172,542 $ 177,014