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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CONSOLIDATED STATEMENTS OF OPERATIONS      
OPERATING REVENUES $ 447,244 $ 458,732 $ 451,731
OPERATING EXPENSES      
Voyage expenses (11,593) (12,207) (12,587)
Vessel operating expenses (102,502) (104,604) (106,999)
Depreciation (96,505) (107,757) (115,228)
Amortization of deferred drydocking and special survey costs (8,733) (9,237) (6,748)
Impairment loss   (210,715)  
General and administrative expenses (26,837) (26,334) (22,672)
Income/(loss) from operations 201,074 (12,122) 187,497
OTHER INCOME (EXPENSES):      
Interest income 6,414 5,781 5,576
Interest expense (72,069) (85,706) (86,556)
Other finance expenses (2,702) (3,026) (4,126)
Equity income on investments 1,602 1,365 965
Gain on debt extinguishment   116,365  
Other income/(expense), net 556 (50,456) (15,757)
Loss on derivatives (3,622) (5,137) (3,694)
Total Other Expenses, net (69,821) (20,814) (103,592)
Net Income/(Loss) $ 131,253 $ (32,936) $ 83,905
EARNINGS/(LOSS) PER SHARE      
Basic earnings/(loss) per share of common stock $ 8.29 $ (3.10) $ 10.70
Diluted earnings/(loss) per share of common stock $ 8.09 $ (3.10) $ 10.70
Basic weighted average number of common shares 15,834,913 10,622,839 7,844,595
Diluted weighted average number of common shares 16,220,697 10,622,839 7,844,595