QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2016

QUARTERLY FINANCIAL DATA (UNAUDITED)

Schedule of quarterly financial data

(In thousands except per share amounts)	2016 Quarter ended
	March 31		June 30		September 30		December 31
Voyage revenues	$	124,044	$	105,958	$	72,259	$	102,361
Operating income / (loss)		68,184		49,948		(25,192)		23,330
Net income (loss)		60,858		37,995		(37,351)		5,804
Income (loss) per common share
Basic	$	0.74	$	0.46	$	(0.45)	$	0.07
Diluted	$	0.74	$	0.46	$	(0.45)	$	0.07
Weighted Average Shares Outstanding - basic		82,680		82,681		82,682		82,776
Weighted Average Shares Outstanding - diluted		82,680		82,681		82,682		82,776
	2015 Quarter ended
	March 31		June 30		September 30		December 31
Voyage revenues	$	121,402	$	116,480	$	89,291	$	102,760
Operating income		38,665		29,436		33,490		50,408
Net income		30,919		19,901		33,228		45,521
Income per common share
Basic	$	0.93	$	0.38	$	0.41	$	0.55
Diluted	$	0.93	$	0.38	$	0.40	$	0.55
Weighted Average Shares Outstanding - basic (1)
Common shares		—		52,919		81,758		82,280
Class A		11,270		—		—		—
Class B		22,003		—		—		—
Weighted Average Shares Outstanding - diluted (1)
Common shares		—		52,940		82,480		82,778
Class A		33,273		—		—		—
Class B		22,003		—		—		—

(1) On May 7, 2015, in connection with the filing of our Third Amended and Restated Articles of Incorporation, all of our Class A shares and Class B shares were converted on a one-to-one basis to a single class of common stock.