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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net income/(loss) $ 3,231 $ (26,567)
Items included in net income not affecting cash flows:    
Depreciation and amortization 33,156 30,387
Loss on disposal of vessels and other property, including impairments, net 5,298
Amortization of debt discount and other deferred financing costs 554 1,252
Compensation relating to restricted stock awards and stock option grants 2,391 1,270
Deferred income tax expense/(benefit) 519 (8,679)
Interest on finance lease liabilities 826 914
Non-cash operating lease expense 44,874 45,672
Payments for drydocking (7,386) (14,222)
Operating lease liabilities (45,935) (45,957)
Changes in operating assets and liabilities, net (15,061) 63
Net cash provided by/(used in) operating activities 17,169 (10,569)
Cash Flows from Investing Activities:    
Expenditures for vessels and vessel improvements (2,046) (5,101)
Proceeds from disposals of vessels and other property 32,128
Net cash (used in)/provided by investing activities (2,046) 27,027
Cash Flows from Financing Activities:    
Payments on debt (10,930) (19,251)
Tax withholding on share-based awards (371) (402)
Payments on principal portion of finance lease liabilities (2,063) (2,063)
Deferred financing costs paid for debt amendments (261) (2,429)
Extinguishment of debt (301)
Purchases of treasury stock under the stock repurchase program (310)
Net cash used in financing activities (13,935) (24,446)
Net increase/(decrease) in cash, cash equivalents and restricted cash 1,188 (7,988)
Cash, cash equivalents and restricted cash at beginning of period 83,253 69,819
Cash, cash equivalents and restricted cash at end of period $ 84,441 $ 61,831