Deferred Charges

3 Months Ended

Mar. 31, 2016

Deferred Charges [Abstract]

Deferred Charges

NOTE 10 – DEFERRED CHARGES

Amortization expense for deferred charges was approximately $3.2 million and $4.8million for the three months ended March 31, 2016 and 2015, respectively.  As of March 31, 2016, gross deferred charges and accumulated amortization of deferred charges were $44.2 million and $21.2 million, respectively. As of December 31, 2015, gross deferred charges and accumulated amortization of deferred charges were $48.5 million and $25.5 million, respectively.

The following table presents the rollforward of deferred charges for the three months ended March 31, 2016:

(All Amounts in Thousands)		Balance at		Cash				Non-Cash		Balance at
		December 31, 2015		Additions		Amortization		Reclassifications		March 31, 2016
Deferred Charges
Drydocking Costs	$	22,123	$	2,942	$	(3,079)	$	(80)	$	21,906
Other Deferred Charges		914		-		(143)		371		1,142
Total Deferred Charges	$	23,037	$	2,942	$	(3,222)	$	291	$	23,048