XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Condensed Consolidated Statements of Operations (Unaudited) [Abstract]        
Revenues $ 9,102 $ 6,291 $ 21,467 $ 20,188
Operating expenses:        
Voyage expenses 238 254 977 686
Voyage expenses to Parent 118 82 272 260
Vessel operating expenses 4,219 4,281 12,332 12,474
General, administrative, and technical management fees 1,144 1,069 3,619 3,525
Management fees to Parent 659 621 1,881 1,850
Depreciation 3,847 3,724 11,172 11,090
Total operating expenses 10,225 10,031 30,253 29,885
Operating loss (1,123) (3,740) (8,786) (9,697)
Other (expense) income:        
Other expense (12) (15) (8) (22)
Interest income 5 1 8 4
Interest expense (1,132) (1,064) (3,171) (3,201)
Other expense, net (1,139) (1,078) (3,171) (3,219)
Loss before income taxes (2,262) (4,818) (11,957) (12,916)
Income tax expense (8) (4) (22) (26)
Net loss $ (2,270) $ (4,822) $ (11,979) $ (12,942)
Net loss per share of common and Class B Stock:        
Net loss per share-basic (in dollars per share) $ (0.08) $ (0.22) $ (0.46) $ (0.58)
Net loss per share-diluted (in dollars per share) $ (0.08) $ (0.22) $ (0.46) $ (0.58)
Dividends declared per share of common and Class B Stock (in dollars per share) $ 0.01 $ 0.05 $ 0.03 $ 0.23