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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
VOYAGE REVENUES:      
Navig8 pools revenues $ 368,889 $ 149,642  
Time charter revenues 9,278 28,707 $ 10,894
Spot charter revenues 26,455 251,584 381,515
Total voyage revenues 404,622 429,933 392,409
OPERATING EXPENSES:      
Voyage expenses 12,490 95,306 239,906
Direct vessel operating expenses 107,308 85,521 84,209
Navig8 charterhire expenses 3,059 11,324  
General and administrative 27,844 36,379 22,418
Depreciation and amortization 87,191 47,572 46,118
Goodwill impairment 23,297 0 2,099
Goodwill write-off for sales of vessels 2,994   1,249
Loss on impairment of vessels held for sale   520  
Loss on disposal of vessels, net 24,169 805 8,729
Closing of Portugal office   507 5,123
Total operating expenses 288,352 277,934 409,851
OPERATING INCOME / (LOSS) 116,270 151,999 (17,442)
OTHER EXPENSES:      
Interest expense, net (49,627) (15,982) (29,849)
Other financing costs (7) (6,044)  
Other income (expense), net 670 (404) 207
Total other expenses (48,964) (22,430) (29,642)
NET INCOME / (LOSS) $ 67,306 $ 129,569 $ (47,084)
INCOME / (LOSS) PER COMMON SHARE:      
Basic (in dollars per share) $ 0.81 $ 2.06 $ (1.54)
Diluted (in dollars per share) $ 0.81 $ 2.05 $ (1.54)