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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Revenues $ 74,897 $ 60,320 $ 156,021 $ 125,524
Operating Expenses:        
Voyage Expenses 61,508 47,026 131,099 97,852
Vessel Depreciation 5,804 5,723 11,575 12,080
Other Depreciation 11 0 34 0
Administrative and General Expenses 6,170 4,720 11,603 10,228
Gain on Sale/Purchase of Other Assets 0 (667) 0 (4,466)
Total Operating Expenses 73,493 56,802 154,311 115,694
Operating Income 1,404 3,518 1,710 9,830
Interest and Other:        
Interest Expense 2,077 2,281 4,278 5,008
Derivative (Gain)/Loss (205) 117 (282) (32)
Gain on Sale of Investment 0 (24) 0 (66)
Other Income from Vessel Financing (539) (605) (1,094) (1,227)
Investment Income (42) (146) (82) (274)
Foreign Exchange (Gain) /Loss (1,836) 1,734 (5,017) (1,914)
Total Interest and Other Income (545) 3,357 (2,197) 1,495
Income Before Provision for Income Taxes and Equity in Net (Loss) Income of Unconsolidated Entities 1,949 161 3,907 8,335
(Benefit) Provision for Income Taxes:        
Current 15 108 50 276
Income Tax Expense 15 108 50 276
Equity in Net (Loss) Income of Unconsolidated Entities (Net of Applicable Taxes) (75) 651 (345) 581
Net Income 1,859 704 3,512 8,640
Preferred Stock Dividends 594 0 845 0
Net Income Available to Common Stockholders $ 1,265 $ 704 $ 2,667 $ 8,640
Basic and Diluted Earnings per Common Share:        
Basic Earnings Per Common Share: (in dollars per share) $ 0.17 $ 0.10 $ 0.37 $ 1.20
Diluted Earnings Per Common Share: (in dollars per share) $ 0.17 $ 0.10 $ 0.37 $ 1.20
Weighted Average Shares of Common Stock Outstanding:        
Basic (in shares) 7,239,780 7,203,860 7,226,415 7,187,236
Diluted (in shares) 7,263,206 7,234,505 7,248,377 7,202,559
Common Stock Dividends Per Share (in dollars per share) $ 0.250 $ 0.250 $ 0.500 $ 0.500