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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net loss $ (11,979) $ (12,942)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 11,172 11,090
Amortization of deferred financing costs 411 350
Amortization of nonvested stock compensation expense 1,156 1,377
Change in assets and liabilities:    
(Increase) decrease in due from charterers (3,022) 1,058
Increase in prepaid expenses and other current assets (424) (708)
Increase (decrease) in accounts payable and accrued expenses 25 (157)
Increase (decrease) in due to Parent 32 (30)
(Decrease) increase in deferred revenue (33) 149
Net cash (used in) provided by operating activities (2,662) 187
Cash flows from investing activities:    
Purchase of vessels (41,447) 0
Purchase of fixed assets (123) (5)
Net cash used in investing activities (41,570) (5)
Cash flows from financing activities:    
Proceeds from the 2010 Credit Facility 1,000 0
Proceeds from the 2013 Credit Facility 22,000 0
Proceeds from issuance of common stock 81,700 0
Payment of common stock issuance costs (379) 0
Payment of deferred financing costs (696) 0
Cash dividends paid (756) (5,221)
Net cash provided by (used in) financing activities 102,869 (5,221)
Net increase (decrease) in cash and cash equivalents 58,637 (5,039)
Cash and cash equivalents at beginning of period 3,280 8,300
Cash and cash equivalents at end of period $ 61,917 $ 3,261