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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 $ 310,108 $ 381,028 $ 148,265
Time charter revenues 97,374 75,375 97,847
Voyage charter revenues 90,032 41,874 8,515
Interest income from investment in term loans 0 0 9,118
Other revenues 53,029 36,404 12,448
Total revenues 550,543 534,681 276,193
Voyage expenses (53,604) (18,727) (9,968)
Vessel operating expenses (182,598) (137,164) (98,403)
Time-charter hire expense (59,647) (74,898) (32,706)
Depreciation and amortization (104,149) (73,760) (53,292)
General and administrative expenses (33,199) (30,403) (25,130)
(Loss) gain on sale of vessels (20,594) 771 9,955
Restructuring charges 0 (6,795) (812)
Income (loss) from operations 96,752 193,705 65,837
Interest expense (29,784) (17,389) (8,874)
Interest income 117 122 445
Realized and unrealized loss on derivative instruments (964) (1,597) 5,229
Equity income 7,680 11,528 4,951
Other (expense) income (5,978) (2,743) 1,318
Net income $ 67,823 $ 183,626 $ 68,906
Per common share amounts      
Basic earnings per share (in dollars per share) $ 0.40 $ 1.26 $ 0.66
Diluted earnings per share (in dollars shares) 0.40 1.25 0.65
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) 170,098,572 143,911,452 99,657,909
Diluted (in shares) 170,340,639 144,492,933 100,022,361