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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Shipping Revenues:        
Pool revenues, including $20,514, $13,309, $49,639 and $21,725 received from companies accounted for by the equity method $ 36,721 $ 37,798 $ 105,836 $ 129,910
Time and bareboat charter revenues 5,932 12,024 20,453 43,816
Voyage charter revenues 18,273 10,146 43,524 46,949
Shipping revenues 60,926 59,968 169,813 220,675
Operating Expenses:        
Voyage expenses 9,673 3,479 19,747 10,774
Vessel expenses 34,433 37,095 102,619 106,196
Charter hire expenses 10,739 9,958 30,085 32,345
Depreciation and amortization 19,317 20,528 53,745 58,243
General and administrative 5,434 6,516 17,527 17,886
Third-party debt modification fees (9) 1,191 1,293 9,130
Separation and transition costs   (543)   488
Loss on disposal of vessels and other property, net of impairments 17,360 5,406 17,193 5,406
Total operating expenses 96,947 83,630 242,209 240,468
Loss from vessel operations (36,021) (23,662) (72,396) (19,793)
Equity in income of affiliated companies 5,338 12,796 22,500 40,268
Operating (loss)/income (30,683) (10,866) (49,896) 20,475
Other income/(expense) 220 305 (3,964) (6,135)
(Loss)/income before interest expense and income taxes (30,463) (10,561) (53,860) 14,340
Interest expense (17,320) (11,232) (42,027) (29,677)
Loss before income taxes (47,783) (21,793) (95,887) (15,337)
Income tax provision (3) (23) (11) (31)
Net loss $ (47,786) $ (21,816) $ (95,898) $ (15,368)
Weighted Average Number of Common Shares Outstanding:        
Basic 29,154,366 29,202,437 29,130,435 29,192,392
Diluted 29,154,366 29,202,437 29,130,435 29,192,392
Per Share Amounts:        
Basic and diluted net loss per share $ (1.64) $ (0.75) $ (3.29) $ (0.53)