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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]        
Revenue $ 58,585 $ 41,479 $ 135,704 $ 87,629
Time charter and voyage expenses (4,196) (6,363) (8,963) (12,189)
Direct vessel expenses (2,323) (1,692) (4,678) (3,240)
Management fees (entirely through related party transactions) (26,481) (22,913) (54,387) (46,312)
General and administrative expenses (6,808) (4,892) (11,945) (8,055)
Depreciation and amortization (17,320) (13,776) (35,041) (27,986)
Gain on sale of vessels 2,594 0 3,245 25
Interest income 2,296 1,978 4,456 3,814
Interest expense and finance cost (23,696) (19,305) (46,625) (38,609)
Equity/ (loss) in net earnings of affiliated companies 889 4,229 1,734 (59)
Other income 0 11 1,333 11
Other expense (90) (824) (522) (1,563)
Net loss (16,550) (22,068) (15,689) (46,534)
Dividend declared on restricted shares (65) (35) (131) (71)
Undistributed loss attributable to Series C participating preferred shares 0 1,117 (13) 2,321
Net loss attributable to common shareholders, basic (16,615) (20,986) (15,833) (44,284)
Net loss attributable to common shareholders, diluted $ (16,615) $ (20,986) $ (15,833) $ (44,284)
Net loss per share, basic and diluted $ (1.23) $ (2.18) $ (1.18) $ (4.54)
Weighted average number of shares, basic 13,510,361 9,615,261 13,414,547 9,758,558
Weighted average number of shares, diluted 13,510,361 9,615,261 13,414,547 9,758,558