XML 11 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]        
Time charter and voyage revenues (includes related party revenue of $(3,135) and $1,171 for the three and six months ended June 30, 2016, respectively, and $7,723 and $14,133 for the three and six months ended June 30, 2015, respectively) $ 44,877 $ 56,473 $ 90,518 $ 113,259
Time charter and voyage expenses (1,962) (1,477) (3,811) (4,948)
Direct vessel expenses (1,526) (757) (2,990) (1,294)
Management fees (entirely through related parties transactions) (14,719) (14,141) (29,439) (27,542)
General and administrative expenses (2,611) (1,949) (5,099) (3,824)
Depreciation and amortization (18,809) (19,045) (37,614) (37,144)
Impairment loss (17,193) 0 (17,193) 0
Interest expense and finance cost (8,369) (7,601) (16,033) (16,102)
Interest income 92 46 164 99
Other income/ (expense), net 3,413 (194) 4,899 (270)
Net (loss)/ income $ (16,807) $ 11,355 $ (16,598) $ 22,234
Earnings per unit (see Note 15):        
Common unit (basic and diluted) $ (0.2) $ 0.13 $ (0.2) $ 0.25