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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
VOYAGE REVENUES:        
Navig8 pools revenues $ 47,887 $ 65,529 $ 238,573 $ 270,960
Time charter revenues       9,278
Spot charter revenues 3,139 6,730 10,414 22,023
Total voyage revenues 51,026 72,259 248,987 302,261
OPERATING EXPENSES:        
Voyage expenses 3,133 3,159 6,987 9,710
Direct vessel operating expenses 26,324 26,980 83,225 77,041
Navig8 charterhire expenses 6 19 6 3,240
General and administrative expenses 6,936 7,128 24,988 22,240
Depreciation and amortization 25,653 23,118 80,127 60,622
Goodwill impairment   26,291   26,291
Loss on disposal of vessels, net 36,941 10,756 114,644 10,177
Total operating expenses 98,993 97,451 309,977 209,321
OPERATING (LOSS) / INCOME (47,967) (25,192) (60,990) 92,940
OTHER EXPENSES:        
Interest expense, net (22,542) (13,699) (63,040) (31,355)
Other financing costs   (2) (55) (8)
Other income (expense), net 3,041 1,542 936 (75)
Total other expenses (19,501) (12,159) (62,159) (31,438)
NET (LOSS) / INCOME $ (67,468) $ (37,351) $ (123,149) $ 61,502
(LOSS) / INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ (0.81) $ (0.45) $ (1.48) $ 0.74
Diluted (in dollars per share) $ (0.81) $ (0.45) $ (1.48) $ 0.74