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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenues, net $ 101,406 $ 198,695 $ 206,604 $ 383,093
Voyage expenses 25,471 36,290 58,946 79,917
Vessel operating expenses 30,998 27,207 62,255 55,122
Charter hire expenses 11,726 21,285 24,146 43,996
Depreciation and amortization 14,831 15,254 29,563 29,834
General and administrative expenses 11,269 9,891 22,219 19,945
Impairment of operating lease right-of-use assets 722 0 722 0
Other operating expense 93 41 183 174
Gain on sale of vessels (11,558) 0 (14,876) 0
Total operating expenses, net 83,552 109,968 183,158 228,988
Operating income 17,854 88,727 23,446 154,105
Interest expense 4,434 4,338 8,291 8,785
Interest income (1,815) (174) (3,651) (219)
Realized and unrealized gain on derivative instruments, net (2,791) (9,890) (2,422) (1,988)
Total other (income)/expense, net (172) (5,726) 2,218 6,578
Net income $ 18,026 $ 94,453 $ 21,228 $ 147,527
Weighted average shares outstanding:        
Basic (in shares) 12,734,230 12,988,200 12,892,793 12,981,202
Diluted (in shares) 16,058,606 16,376,517 16,223,841 16,373,458
Per share amounts:        
Basic net income (in usd per share) $ 1.42 $ 7.27 $ 1.65 $ 11.36
Diluted net income (in usd per share) $ 1.21 $ 5.77 $ 1.48 $ 9.01