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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Shipping Revenues:    
Time and bareboat charter revenues $ 63,788 $ 78,150
Voyage charter revenues 17,485 22,709
Total Shipping revenues 81,273 100,859
Operating Expenses:    
Voyage expenses 15,760 3,786
Vessel expenses 31,807 35,769
Charter hire expenses 22,318 22,460
Depreciation and amortization 15,319 14,019
General and administrative 6,365 6,173
Loss on disposal of vessels and other property, including impairments, net 5,493 296
Total operating expenses 97,062 82,503
(Loss)/income from vessel operations (15,789) 18,356
Gain on termination of pre-existing arrangement 19,172
Operating (loss)/income (15,789) 37,528
Other income, net 122 31
(Loss)/income before interest expense and income taxes (15,667) 37,559
Interest expense (6,370) (6,074)
(Loss)/income before income taxes (22,037) 31,485
Income tax benefit/(expense) 6,169 (6,360)
Net (loss)/income $ (15,868) $ 25,125
Weighted Average Number of Common Shares Outstanding:    
Basic - Class A 90,111,701 89,422,311
Diluted - Class A 90,111,701 90,388,988
Per Share Amounts:    
Basic and diluted net (loss)/income - Class A $ (0.18) $ 0.28