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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net (loss)/income $ (15,868) $ 25,125
Items included in net income not affecting cash flows:    
Depreciation and amortization 15,319 14,019
Gain on termination of pre-existing arrangement (19,172)
Loss on disposal of vessels and other property, including impairments, net 5,493 296
Amortization of debt discount and other deferred financing costs 557 533
Compensation relating to restricted stock awards and stock option grants 575 438
Deferred income tax (benefit)/expense (6,178) 2,135
Interest on finance lease liabilities 460 506
Non-cash operating lease expense 22,717 22,811
Distributed earnings of affiliated companies 3,562
Payments for drydocking (8,179) (3,327)
Operating lease liabilities (22,860) (22,969)
Changes in operating assets and liabilities, net (1,217) 2,162
Net cash (used in)/provided by operating activities (9,181) 26,119
Cash Flows from Investing Activities:    
Acquisition, net of cash acquired (16,973)
Expenditures for vessels and vessel improvements (3,227) (20,871)
Expenditures for other property (232)
Net cash used in investing activities (3,227) (38,076)
Cash Flows from Financing Activities:    
Payments on debt (9,616) (7,865)
Tax withholding on share-based awards (402) (197)
Payments on principal portion of finance lease liabilities (1,026) (1,037)
Extinguishment of debt (301)
Deferred financing costs paid for debt amendments (877)
Issuance of debt, net of issuance and deferred financing costs 80,886
Net cash (used in)/provided by financing activities (12,222) 71,787
Net (decrease)/increase in cash, cash equivalents and restricted cash (24,630) 59,830
Cash, cash equivalents and restricted cash at beginning of period 69,819 41,677
Cash, cash equivalents and restricted cash at end of period $ 45,189 $ 101,507