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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Shipping Revenues:      
Shipping revenues $ 366,184 $ 270,361 $ 290,101
Operating Expenses:      
Voyage expenses 26,265 27,261 15,106
Vessel expenses 123,205 135,003 141,235
Charter hire expenses 57,512 44,910 41,700
Depreciation and amortization 75,653 72,428 78,853
General and administrative 26,798 24,304 24,453
Provision for credit losses 1,245    
Third-party debt modification fees 30 1,306 9,240
Separation and transition costs     604
Loss on disposal of vessels and other property, including impairments 308 19,680 86,855
Total operating expenses 311,016 324,892 398,046
Income/(loss) from vessel operations 55,168 (54,531) (107,945)
Equity in income of affiliated companies 11,213 29,432 48,966
Operating income/(loss) 66,381 (25,099) (58,979)
Other income/(loss) (943) (3,715) (5,818)
Income/(loss) before interest expense and income taxes 65,438 (28,814) (64,797)
Interest expense (66,267) (60,231) (41,247)
Loss before income taxes (829) (89,045) (106,044)
Income tax benefit/(provision) (1) 105 (44)
Net loss $ (830) $ (88,940) $ (106,088)
Weighted Average Number of Common Shares Outstanding:      
Basic and diluted 29,225,483 29,136,634 29,159,440
Per Share Amounts:      
Basic and diluted net loss per share $ (0.03) $ (3.05) $ (3.64)
Pool Revenue Leases [Member]      
Shipping Revenues:      
Shipping revenues $ 254,055 $ 177,206 $ 177,347
Time and Bareboat Charter Leases [Member]      
Shipping Revenues:      
Shipping revenues 27,625 25,961 55,106
Voyage Charter Leases [Member]      
Shipping Revenues:      
Shipping revenues $ 84,504 $ 67,194 $ 57,648