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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES:      
Voyage revenue $ 468,189 $ 490,378 $ 483,995
EXPENSES:      
Voyage expenses (1,887) (2,831) (3,608)
Voyage expenses-related parties (Note 3) (3,512) (3,673) (3,629)
Vessels' operating expenses (105,783) (117,193) (120,815)
General and administrative expenses (7,269) (6,275) (6,708)
General and administrative expenses - related parties (Note 3) (7,451) (11,123) (1,000)
Management fees-related parties (Note 3) (18,629) (18,877) (18,469)
Amortization of dry-docking and special survey costs (Note 7) (7,920) (7,425) (7,814)
Depreciation (Notes 6, 11 and 20) (100,943) (101,645) (105,787)
Amortization of prepaid lease rentals (Note 11) (6,779) (4,982) (4,024)
Gain / (Loss on sale / disposal of vessels, net (Note 6) (4,440) 1,688 2,543
Loss on vessel held for sale (Note 6) (37,161) 0 0
Foreign exchange gains / (losses, net) (360) (129) 7
Operating income 166,055 217,913 214,691
OTHER INCOME / (EXPENSES):      
Interest income 1,630 1,373 815
Interest and finance costs (Notes 2 and 16) (72,808) (79,631) (86,306)
Swaps breakage cost (Note 18) (9,701) 0 (10,192)
Equity loss on investments (Note 9) (78) (529) (3,428)
Other, net 595 427 3,294
Gain / (Loss) on derivative instruments, net (Notes 2 and 18) (3,991) 4,211 (3,787)
Total other expenses (84,353) (74,149) (99,604)
Net Income 81,702 143,764 115,087
Earnings allocated to Preferred Stock (Note 15) (21,063) (17,903) (11,909)
Net income available to Common Stockholders $ 60,639 $ 125,861 $ 103,178
Earnings per common share, basic and diluted (Note 15) $ 0.79 $ 1.68 $ 1.38
Weighted average number of shares, basic and diluted 77,243,252 75,027,474 74,800,000