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Consolidated Statements of (Loss) Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES      
Total revenues $ 1,063,111 $ 542,367 $ 886,434
Voyage expenses (495,604) (315,121) (297,225)
Vessel operating expenses (notes 14b and 14c) (150,448) (165,375) (184,233)
Time-charter hire expenses (note 10) (27,374) (13,799) (36,341)
Depreciation and amortization (99,033) (106,084) (117,212)
General and administrative expenses (note 14b) (41,769) (43,715) (39,006)
Gain (loss) on sale and (write-down) of assets (note 19) 8,888 (92,368) (69,446)
Restructuring charges (note 20) (1,822) 0 (1,398)
Income (loss) from operations 255,949 (194,095) 141,573
Interest expense (35,740) (35,031) (51,525)
Interest income 1,338 122 1,199
Realized and unrealized gain (loss) on derivative instruments (note 11) 5,179 564 (2,220)
Equity income (loss) (note 5) 244 (14,107) 5,100
Other income (expense) (note 15) 2,645 (1,756) 473
Net income (loss) before income taxes 229,615 (244,303) 94,600
Income tax (expense) recovery (note 21) (529) 1,931 (7,283)
Net income (loss) $ 229,086 $ (242,372) $ 87,317
Per common share amounts (note 18)      
• Basic earnings (loss) per share $ 6.74 $ (7.16) $ 2.59
• Diluted earnings (loss) per share $ 6.68 $ (7.16) $ 2.57
Weighted-average number of Class A and Class B common stock outstanding (note 18)      
• Basic (in shares) 33,997,579 33,859,306 33,718,665
• Diluted (in shares) 34,287,075 33,859,306 33,921,621
Voyage charter      
REVENUES      
Total revenues $ 1,039,262 $ 485,896 $ 741,804
Time-charter revenues      
REVENUES      
Total revenues 14,738 46,159 127,598
Other      
REVENUES      
Total revenues $ 9,111 $ 10,312 $ 17,032