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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 157,506 $ 126,760
Short-term investments   60,000
Voyage receivables, net of allowance for credit losses of $86 and $191, including unbilled of $181,211 and $237,298 185,521 247,165
Other receivables 13,771 14,303
Inventories 1,875 1,329
Prepaid expenses and other current assets 15,570 10,342
Current portion of derivative asset 2,080 5,081
Total Current Assets 376,323 464,980
Vessels and other property, less accumulated depreciation of $476,288 and $427,274 2,050,211 1,914,426
Vessels construction in progress 37,020 11,670
Deferred drydock expenditures, net 90,209 70,880
Operating lease right-of-use assets 21,229 20,391
Pool working capital deposits 35,372 31,748
Long-term derivative assets 801 1,153
Other assets 25,232 6,571
Total Assets 2,636,397 2,521,819
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 66,264 57,904
Current portion of operating lease liabilities 14,617 10,223
Current installments of long-term debt 50,054 127,447
Total Current Liabilities 130,935 195,574
Long-term operating lease liabilities 8,715 11,631
Long-term debt, net 638,353 595,229
Other liabilities 2,346 2,628
Total Liabilities 780,349 805,062
Commitments and contingencies
Equity:    
Capital - 100,000,000 no par value shares authorized; 49,194,458 and 48,925,562 shares issued and outstanding 1,504,767 1,490,986
Retained earnings 359,142 226,834
Stockholders Equity Subtotal 1,863,909 1,717,820
Accumulated other comprehensive loss (7,861) (1,063)
Total Equity 1,856,048 1,716,757
Total Liabilities and Equity $ 2,636,397 $ 2,521,819