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Unaudited Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
REVENUES:    
Voyage revenue $ 230,010 $ 183,331
EXPENSES:    
Voyage expenses (2,479) (3,037)
Voyage expenses-related parties (Note 3) (1,952) (1,588)
Vessels’ operating expenses (58,164) (52,842)
General and administrative expenses (1,401) (1,535)
General and administrative expenses – related parties (Note 3) (2,795) (3,377)
Management fees-related parties (Note 3) (10,827) (9,551)
Amortization of dry-docking and special survey costs (Note 7) (4,471) (3,358)
Depreciation (Notes 6, 11 and 20) (55,719) (45,963)
Amortization of prepaid lease rentals, net (Notes 11 and 12) (4,042) (4,041)
Loss on sale / disposal of vessels, net (Note 6) (18,420) (861)
Vessels impairment loss (Notes 6 and 7) (3,042) 0
Foreign exchange gains / (losses), net 17 (18)
Operating income 66,715 57,160
OTHER INCOME / (EXPENSES):    
Interest income 1,686 1,878
Interest and finance costs (Note 16) (45,316) (29,378)
Swaps breakage cost (Note 18) 0 (1,234)
Equity gain on investments (Note 9) 4,299 5,199
Other, net 327 95
Loss on derivative instruments, net (Note 18) (575) (253)
Total other expenses (39,579) (23,693)
Net Income 27,136 33,467
Earnings allocated to Preferred Stock (Note 15) (15,547) (14,782)
Net income available to Common Stockholders $ 11,589 $ 18,685
Earnings per common share, basic and diluted (Note 15) (in dollars per share) $ 0.10 $ 0.17
Weighted average number of shares, basic (Note 15) (in shares) 113,540,975 109,340,800
Weighted average number of shares, diluted (Note 15) (in shares) 116,490,307 109,340,800