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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Shipping Revenues:        
Shipping revenues $ 292,203 $ 188,197 $ 579,333 $ 289,679
Operating Expenses:        
Voyage expenses 3,868 2,658 7,678 6,165
Vessel expenses 65,151 59,563 123,920 119,880
Charter hire expenses 10,502 7,693 19,302 15,002
Depreciation and amortization 32,445 27,256 61,993 54,256
General and administrative 11,522 10,847 22,768 21,013
Third-party debt modification fees 13 900 420 1,087
Loss/(gain) on disposal of vessels and other assets, net of impairments 26 (8,102) (10,722) (9,478)
Total operating expenses 123,527 100,815 225,359 207,925
Income from vessel operations 168,676 87,382 353,974 81,754
Equity in results of affiliated companies   (5,162) 0 435
Operating income 168,676 82,220 353,974 82,189
Other income/(expense) 3,381 (574) 7,662 (800)
Income before interest expense and income taxes 172,057 81,646 361,636 81,389
Interest expense (17,914) (12,558) (34,861) (25,298)
Income before income taxes 154,143 69,088 326,775 56,091
Income tax provision (381) (52) (380) (56)
Net income 153,762 69,036 326,395 56,035
Net income/(loss) attributable to the Company $ 153,762 $ 69,036 $ 326,395 $ 56,035
Weighted Average Number of Common Shares Outstanding:        
Basic 49,029,784 49,602,181 49,083,897 49,586,847
Diluted 49,404,837 49,878,645 49,525,282 49,754,876
Per Share Amounts:        
Basic net income/(loss) per share $ 3.13 $ 1.39 $ 6.64 $ 1.13
Diluted net income/(loss) per share $ 3.11 $ 1.38 $ 6.59 $ 1.12
Pool Revenue Leases [Member]        
Shipping Revenues:        
Shipping revenues $ 247,591 $ 164,727 $ 507,169 $ 248,489
Time and Bareboat Charter Leases [Member]        
Shipping Revenues:        
Shipping revenues 26,112 8,133 39,262 14,308
Voyage Charter Leases [Member]        
Shipping Revenues:        
Shipping revenues $ 18,500 $ 15,337 $ 32,902 $ 26,882