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Interim Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING REVENUES    
Time charter revenues (include related party revenues of 66,005 and $74,524 for each of the periods ended June 30, 2021 and 2020, respectively) $ 155,851 $ 142,323
OPERATING EXPENSES    
Vessels operating expenses (include related party vessels operating expenses of $6,868 and $6,105 for each of the periods ended June 30, 2021 and 2020, respectively) 52,406 49,682
Time charter and voyage expenses (include related party time charter and voyage expenses of $1,470 and $1,201 for each of the periods ended June 30, 2021 and 2020, respectively) 3,889 6,181
Depreciation and amortization 25,519 23,126
Impairment of vessels 0 8,497
General and administrative expenses 6,131 4,759
Gain on sale of vessel (7,770) 0
Operating Income 75,676 50,078
NON-OPERATING INCOME/(EXPENSES)    
Interest income 364 831
Interest and other finance expenses (include of $5,764 and $2,271 Notes premium for each of the six months ended June 30, 2021 and 2020, respectively) (39,254) (35,539)
Other income, net 933 (351)
Total non-operating expenses (37,957) (35,059)
Income before income taxes 37,719 15,019
Income taxes 0 (3)
Net Income 37,719 15,016
Earnings allocated to Series B Preferred Shares (3,495) (1,790)
Net Income available to Common Shareholders $ 34,224 $ 13,226
Common Class A [Member]    
Net Earnings per Class A common share    
Basic 34,136,307 17,632,674
Diluted 34,168,093 17,730,628
Basic $ 1.00 $ 0.43
Diluted $ 1.00 $ 0.43