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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net income $ 96,662 $ 32,744
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 78,191 42,144
Amortization of deferred drydocking and survey costs 37,524 21,290
Amortization of debt premium and discounts 3,593 842
Amortization of below market contracts (2,856) 0
Provision for deferred income taxes 32 34
Gain on asset dispositions, net (13,039) (3,620)
Gain on pension settlement 0 (1,807)
Stock-based compensation expense 6,226 4,751
Changes in assets and liabilities, net of effects of business acquisition:    
Trade and other receivables (12,146) (37,919)
Accounts payable 15,809 30,876
Accrued expenses 10,648 (13,544)
Deferred drydocking and survey costs (80,101) (52,691)
Other, net (7,133) (565)
Net cash provided by operating activities 133,410 22,535
Cash flows from investing activities:    
Proceeds from asset dispositions 14,817 8,659
Proceeds from sale of notes 702 0
Additions to properties and equipment (17,334) (17,500)
Net cash used in investing activities (1,815) (8,841)
Cash flows from financing activities:    
Proceeds from issuance of shares 2 0
Principal payments on long-term debt (26,507) 0
Purchase of common stock (32,898) 0
Acquisition of non-controlling interest in a majority owned subsidiary 0 (1,427)
Debt issuance costs (193) 0
Share based awards reacquired to pay taxes (28,463) (5,521)
Net cash used in financing activities (88,059) (6,948)
Net change in cash, cash equivalents and restricted cash 43,536 6,746
Cash, cash equivalents and restricted cash at beginning of period 277,965 167,977
Cash, cash equivalents and restricted cash at end of period 321,501 174,723
Supplemental disclosure of cash flow information:    
Interest, net of amounts capitalized 30,546 7,846
Income taxes 33,084 27,201
Supplemental disclosure of noncash investing activities:    
Purchase of vessels 0 12,171
Debt incurred for purchase of vessels $ 0 $ 12,171