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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
VOYAGE REVENUES:    
Navig8 pools revenues $ 118,369 $ 113,031
Time charter revenues   7,231
Spot charter revenues 4,647 3,782
Total voyage revenues 123,016 124,044
OPERATING EXPENSES:    
Voyage expenses 1,960 2,357
Direct vessel operating expenses 28,762 24,529
Navig8 charterhire expenses 6 3,270
General and administrative 8,426 8,088
Depreciation and amortization 27,694 17,481
Loss on disposal of vessels, net 9,843 135
Total operating expenses 76,691 55,860
OPERATING INCOME 46,325 68,184
OTHER EXPENSES:    
Interest expense, net (20,051) (7,295)
Other financing costs (52) (2)
Other income (expense), net 642 (29)
Total other expenses (19,461) (7,326)
NET INCOME $ 26,864 $ 60,858
INCOME PER COMMON SHARE:    
Basic (in dollars per share) $ 0.32 $ 0.74
Diluted (in dollars per share) $ 0.32 $ 0.74