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Unaudited Consolidated Statements of Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES        
Total revenues $ 175,915 $ 91,238 $ 516,039 $ 330,512
Voyage expenses (notes 2, 3 and 13a) (83,048) (18,303) (249,974) (61,488)
Vessel operating expenses (note 13a) (52,161) (40,958) (157,808) (131,949)
Time-charter hire expense (4,317) (5,835) (14,697) (27,459)
Depreciation and amortization (29,595) (24,328) (88,598) (73,652)
General and administrative expenses (note 13a) (8,747) (7,622) (27,939) (24,875)
(Loss) gain on sale of vessels (note 14) 0 (7,926) 170 (12,495)
Restructuring charges (213) 0 (1,195) 0
Loss from operations (2,166) (13,734) (24,002) (1,406)
Interest expense (15,006) (7,299) (41,666) (21,681)
Interest income 250 305 568 744
Realized and unrealized gain (loss) on derivative instruments (note 9) 596 390 4,725 (709)
Equity (loss) income (note 6) (359) (274) 265 (27,174)
Other expense (note 10) (799) (1,768) (3,940) (5,918)
Net loss $ (17,484) $ (22,380) $ (64,050) $ (56,144)
Per common share amounts (note 15)        
- Basic (loss) earnings per share (usd per share) $ (0.07) $ (0.12) $ (0.24) $ (0.31)
- Diluted (loss) earnings per share (usd per share) (0.07) (0.12) (0.24) (0.31)
- Cash dividends declared (usd per share) $ 0 $ 0.03 $ 0.03 $ 0.09
Weighted-average number of Class A and Class B common stock outstanding (note 15)        
- Basic and Diluted (in shares) 268,558,556 179,224,094 268,470,804 178,853,698
Voyage charter revenues        
REVENUES        
Total revenues $ 152,047 $ 25,397 $ 432,017 $ 94,881
Time-charter revenues        
REVENUES        
Total revenues 12,326 24,681 51,820 85,102
Other revenues        
REVENUES        
Total revenues 11,542 12,914 32,202 41,994
Net pool revenues        
REVENUES        
Total revenues $ 0 $ 28,246 $ 0 $ 108,535