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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income $ 13,384 $ 11,706
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,779 9,953
Amortization of deferred finance fees and bond premium 701 1,964
Amortization of dry dock and special survey costs 1,588 578
Changes in operating assets and liabilities:    
(Increase)/ decrease in prepaid expenses and other current assets (5) 129
Payment for Drydocking (5,131) (99)
Increase in accounts receivable (1,794) (2,965)
Increase in accounts payable 1,677 220
Decrease in accrued expenses (95) (135)
Decrease in due to/ from related parties (4,273) (4,190)
Increase in deferred revenue 563 556
Net cash provided by operating activities 19,394 17,717
Investing Activities    
Acquisition of vessels (500) (72,252)
Net cash used in investing activities (500) (72,252)
Financing Activities    
Proceeds from Long term debt, net of deferred finance costs and discount 0 198,081
Loan repayment (1,025) (126,000)
IPO expenses 0 (2,922)
Dividend paid (17,484) (11,627)
Proceeds from issuance of general partner units 0 551
Net cash (used in)/ provided by financing activities (18,509) 58,083
Net increase in cash and cash equivalents 385 3,548
Cash and cash equivalents, beginning of year 37,834 30,877
Cash and cash equivalents, end of year 38,219 34,425
Supplemental disclosures of cash flow information    
Cash interest paid 5,760 2,375
Non-cash financing activities    
Accrued IPO expenses $ 0 $ 430