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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Shipping Revenues:    
Shipping revenues $ 287,130 $ 101,482
Operating Expenses:    
Voyage expenses 3,810 3,507
Vessel expenses 58,769 60,317
Charter hire expenses 8,800 7,309
Depreciation and amortization 29,548 27,000
General and administrative 11,246 10,166
Third-party debt modification fees 407 187
Gain on disposal of vessels and other assets, net of impairments (10,748) (1,376)
Total operating expenses 101,832 107,110
Income/(loss) from vessel operations 185,298 (5,628)
Equity in results of affiliated companies 0 5,597
Operating income/(loss) 185,298 (31)
Other income/(expense) 4,281 (226)
Income/(loss) before interest expense and income taxes 189,579 (257)
Interest expense (16,947) (12,740)
Income/(loss) before income taxes 172,632 (12,997)
Income tax benefit/(provision) 1 (4)
Net income/(loss) 172,633 (13,001)
Net income/(loss) attributable to the Company $ 172,633 $ (13,001)
Weighted Average Number of Common Shares Outstanding:    
Basic 49,138,613 49,571,337
Diluted 49,646,331 49,571,337
Per Share Amounts:    
Basic net income/(loss) per share $ 3.51 $ (0.26)
Diluted net income/(loss) per share $ 3.47 $ (0.26)
Pool Revenue Leases [Member]    
Shipping Revenues:    
Shipping revenues $ 259,578 $ 83,762
Time and Bareboat Charter Leases [Member]    
Shipping Revenues:    
Shipping revenues 13,150 6,175
Voyage Charter Leases [Member]    
Shipping Revenues:    
Shipping revenues $ 14,402 $ 11,545