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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES      
Net pool revenues $ 300,295 $ 370,583 $ 138,631
Time charter revenues 97,374 75,375 94,213
Voyage charter revenues 90,032 41,283 8,040
Interest income from investment in term loans 0 0 9,118
Other revenues 39,195 26,952 0
Total revenues 526,896 514,193 250,002
Voyage expenses (55,241) (19,816) (11,223)
Vessel operating expenses (182,598) (137,164) (98,403)
Time-charter hire expense (59,647) (74,898) (22,160)
Depreciation and amortization (104,149) (73,760) (53,292)
General and administrative expenses (18,211) (17,354) (12,821)
(Loss) gain on sale of vessels (20,594) 771 9,955
Restructuring charges 0 (4,772) 0
Income (loss) from operations 86,456 187,200 62,058
Interest expense (29,784) (17,389) (9,128)
Interest income 117 107 287
Realized and unrealized loss on derivative instruments (964) (1,597) (1,712)
Equity income 13,101 14,411 5,228
Other (expense) income (6,071) (3,097) 3,805
Net income $ 62,855 $ 179,635 $ 60,538
Per common share amounts      
Basic earnings per share (in dollars per share) $ 0.40 $ 1.36 $ 0.67
Diluted earnings per share (in dollars shares) 0.40 1.35 0.66
Cash dividends declared (in dollars per share) $ 0.18 $ 0.24 $ 0.12
Weighted-average number of Class A and Class B common stock outstanding      
Basic (in shares) 156,323,348 130,136,228 85,882,685
Diluted (in shares) 156,565,415 130,717,709 86,247,137