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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Shipping Revenues:        
Pool revenues, including $26,726, $24,094, $63,949 and $70,249 received from companies accounted for by the equity method $ 44,979 $ 34,985 $ 118,456 $ 139,492
Time and bareboat charter revenues 95,733 95,355 287,470 270,772
Voyage charter revenues 65,571 137,002 334,580 332,630
Shipping revenues 206,283 267,342 740,506 742,894
Operating Expenses:        
Voyage expenses 30,046 79,708 178,068 173,449
Vessel expenses 68,066 65,559 201,463 196,237
Charter hire expenses 34,650 46,682 120,115 162,106
Depreciation and amortization 40,232 44,168 119,839 130,311
General and administrative 19,119 23,117 63,029 69,172
Technical management transition costs 854 0 2,686 0
Severance costs 3,713 277 18,360 3,341
(Gain)/loss on disposal of vessels and other fixed assets (2,753) 63 (4,234) (1,143)
Total operating expenses 193,927 259,574 699,326 733,473
Income from vessel operations 12,356 7,768 41,180 9,421
Equity in income of affiliated companies 11,313 9,667 29,444 30,530
Operating income 23,669 17,435 70,624 39,951
Other income 99 180 378 464
Income before interest expense, reorganization items and income taxes 23,768 17,615 71,002 40,415
Interest expense (29,111) (3) (203,745) (322)
Income/(loss) before reorganization items and income taxes (5,343) 17,612 (132,743) 40,093
Reorganization items, net (49,756) (14,705) (165,135) (236,829)
Loss before income taxes (55,099) 2,907 (297,878) (196,736)
Income tax benefit/(provision) 63,544 (1,947) 112,629 5,787
Net Income/(Loss) $ 8,445 $ 960 $ (185,249) $ (190,949)
Common Class A [Member]
       
Weighted Average Number of Common Shares Outstanding:        
Basic (in shares) 322,529,046 0 108,691,107 0
Diluted (in shares) 322,529,765 0 108,691,107 0
Common Class B [Member]
       
Weighted Average Number of Common Shares Outstanding:        
Basic (in shares) 16,532,116 30,493,981 25,903,529 30,479,054
Diluted (in shares) 16,532,116 30,493,981 25,903,529 30,479,054
Common Stock [Member]
       
Per Share Amounts:        
Basic net income/(loss) (in dollars per share)   $ 0.03   $ (6.26)
Diluted net (loss)/income (in dollars per share)   $ 0.03   $ (6.26)
Common Class A And Class B [Member]
       
Per Share Amounts:        
Basic net income/(loss) (in dollars per share) $ 0.02   $ (1.38)  
Diluted net (loss)/income (in dollars per share) $ 0.02   $ (1.38)