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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Shipping Revenues:    
Shipping revenues $ 125,337 $ 101,874
Operating Expenses:    
Voyage expenses 5,606 7,845
Vessel expenses 32,960 30,538
Charter hire expenses 10,231 17,185
Depreciation and amortization 18,267 18,929
General and administrative 7,434 6,773
Provision for credit losses, net 62 1,298
Third-party debt modification fees 232 30
Gain on disposal of vessels and other property (2,804) (48)
Total operating expenses 71,988 82,550
Income from vessel operations 53,349 19,324
Equity in income of affiliated companies 5,111 8,070
Operating income 58,460 27,394
Other (expense)/income (13,432) 1,036
Income before interest expense and income taxes 45,028 28,430
Interest expense (12,009) (17,533)
Income before income taxes 33,019 10,897
Net income $ 33,019 $ 10,897
Weighted Average Number of Common Shares Outstanding:    
Basic 29,154,639 29,181,233
Diluted 29,348,393 29,223,187
Per Share Amounts:    
Basic net income per share $ 1.13 $ 0.37
Diluted net income per share $ 1.12 $ 0.37
Pool Revenue Leases [Member]    
Shipping Revenues:    
Shipping revenues $ 101,209 $ 67,637
Time and Bareboat Charter Leases [Member]    
Shipping Revenues:    
Shipping revenues 8,604 5,520
Voyage Charter Leases [Member]    
Shipping Revenues:    
Shipping revenues $ 15,524 $ 28,717