10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001606909-21-000122`
Period End Date	20210930
Filing Date	20211109
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	panl-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 88 Cash Flow Statement 100 Stockholders Equity 22

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$1.90M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$2.09M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.16M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.56M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	-	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$1.50M	USD	Point-in-time
Accounts receivable (net of allowance of $2,089,898 and $1,896,038 at September 30, 2021 and December 31, 2020, respectively)	`AccountsReceivableNetCurrent`	$41.30M	USD	Point-in-time
Accounts receivable (net of allowance of $2,089,898 and $1,896,038 at September 30, 2021 and December 31, 2020, respectively)	`AccountsReceivableNetCurrent`	$29.15M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Bunker inventory	`InventoryNet`	$24.88M	USD	Point-in-time
Bunker inventory	`InventoryNet`	$15.97M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$52.83M	USD	Point-in-time
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.52M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$113.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$168.18M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	45.45M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	45.64M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$276.74M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$439.12M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	45.45M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	45.64M	shares	Point-in-time
Investment in newbuildings in-process	`InvestmentInNewbuildingsInProcess`	$15.39M	USD	Point-in-time
Investment in newbuildings in-process	`InvestmentInNewbuildingsInProcess`	$4.01M	USD	Point-in-time
Finance lease right of use assets, net	`FinanceLeaseRightOfUseAsset`	$45.24M	USD	Point-in-time
Finance lease right of use assets, net	`FinanceLeaseRightOfUseAsset`	$45.47M	USD	Point-in-time
Total assets	`Assets`	$450.40M	USD	Point-in-time
Total assets	`Assets`	$656.78M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$32.40M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$50.89M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$242.85K	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$242.85K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$12.80M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$24.79M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$57.38M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$15.57M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$6.98M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$13.28M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$1.01M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$98.86K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$110.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.87M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$108.87M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$47.76M	USD	Point-in-time
Finance lease liabilities, net	`FinanceLeaseLiabilityNoncurrent`	$143.53M	USD	Point-in-time
Finance lease liabilities, net	`FinanceLeaseLiabilityNoncurrent`	$47.27M	USD	Point-in-time
Long-term liabilities - other - Note 8	`OtherLiabilitiesNoncurrent`	$15.12M	USD	Point-in-time
Long-term liabilities - other - Note 8	`OtherLiabilitiesNoncurrent`	$10.14M	USD	Point-in-time
Commitments and contingencies - Note 7	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies - Note 7	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 1,000,000 shares authorized and no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 1,000,000 shares authorized and no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 45,641,441 shares issued and outstanding at September 30, 2021; 45,447,751 shares issued and outstanding at December 31, 2020	`CommonStockValue`	$4.54K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 45,641,441 shares issued and outstanding at September 30, 2021; 45,447,751 shares issued and outstanding at December 31, 2020	`CommonStockValue`	$4.56K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$161.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$159.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$23.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$72.17M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$182.77M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$233.36M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$51.04M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$51.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$227.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$243.07M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$240.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$284.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$234.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$256.88M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$450.40M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$656.78M	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$213.03M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$270.04M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$483.55M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$103.77M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$60.41M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$40.73M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$154.36M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$120.28M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$34.97M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$219.96M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$82.50M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$103.72M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$9.70M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$11.75M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$30.02M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$28.96M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$11.56M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.44M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.69M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.68M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$7.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$12.82M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$16.45M	USD	3 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	$1.80M	USD	3 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	3 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on sale of vessels	`GainLossOnSaleOfProperties`	$-485.58K	USD	1 Quarter
Loss on sale of vessels	`GainLossOnSaleOfProperties`	$-705.07K	USD	3 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Loss on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$435.47M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$93.81M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$187.49M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$258.62M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$11.42M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$48.08M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$25.54M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.96M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$6.07M	USD	3 Qtrs
Interest expense, net	`InterestExpenseDebt`	$2.42M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$6.99M	USD	3 Qtrs
Interest expense, net	`InterestExpenseDebt`	$1.96M	USD	1 Quarter
Income attributable to Non-controlling interest recorded as long-term liability	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Income attributable to Non-controlling interest recorded as long-term liability	`InterestExpenseRelatedParty`	$325.74K	USD	1 Quarter
Income attributable to Non-controlling interest recorded as long-term liability	`InterestExpenseRelatedParty`	-	USD	3 Qtrs
Income attributable to Non-controlling interest recorded as long-term liability	`InterestExpenseRelatedParty`	$775.49K	USD	3 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$5.34M	USD	1 Quarter
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-1.53M	USD	3 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$13.67M	USD	3 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-18.10K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$801.74K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$301.54K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$996.73K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$550.78K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$3.15M	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-1.67M	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$6.70M	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-6.61M	USD	3 Qtrs
Net income	`ProfitLoss`	$4.81M	USD	3 Qtrs
Net income	`ProfitLoss`	$28.70M	USD	1 Quarter
Net income	`ProfitLoss`	$54.78M	USD	3 Qtrs
Net income	`ProfitLoss`	$8.29M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.05M	USD	3 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$734.47K	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.70M	USD	3 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.70M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$3.76M	USD	3 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$52.08M	USD	3 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$7.55M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$27.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.18	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.16	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.49M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.99M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.39M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.70M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.40M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.51M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.93M	shares	1 Quarter

Cash Flow Statement 100 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$4.81M	USD	3 Qtrs
Net income	`ProfitLoss`	$28.70M	USD	1 Quarter
Net income	`ProfitLoss`	$54.78M	USD	3 Qtrs
Net income	`ProfitLoss`	$8.29M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$16.45M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$12.82M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$676.11K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$513.09K	USD	3 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$86.44K	USD	3 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$91.70K	USD	3 Qtrs
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$5.34M	USD	1 Quarter
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-1.53M	USD	3 Qtrs
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$13.67M	USD	3 Qtrs
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-18.10K	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$1.10M	USD	3 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$801.74K	USD	3 Qtrs
Earnings attributable to non-controlling interest recorded as other long term liability	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$775.49K	USD	3 Qtrs
Earnings attributable to non-controlling interest recorded as other long term liability	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$104.66K	USD	3 Qtrs
Provision (recovery) for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-45.66K	USD	3 Qtrs
Provision (recovery) for doubtful accounts	`ProvisionForDoubtfulAccounts`	$193.86K	USD	3 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	$1.80M	USD	3 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	3 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	-	USD	3 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	$-705.07K	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$3.11M	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$7.62M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.92M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.73M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.34M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.42M	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$8.92M	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-4.77M	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$19.15M	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.55M	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$18.49M	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-4.24M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-3.99M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$11.99M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.44M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$42.68M	USD	3 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$2.07M	USD	3 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$159.71M	USD	3 Qtrs
Investment in newbuildings in-process	`PaymentsforInvestmentInNewbuildingsInProcess`	-	USD	3 Qtrs
Investment in newbuildings in-process	`PaymentsforInvestmentInNewbuildingsInProcess`	$33.45K	USD	3 Qtrs
Purchase of fixed assets and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$137.87K	USD	3 Qtrs
Purchase of fixed assets and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	3 Qtrs
Acquisition of non-controlling interest	`PaymentsToAcquireNonControllingInterest`	$15.00M	USD	3 Qtrs
Acquisition of non-controlling interest	`PaymentsToAcquireNonControllingInterest`	-	USD	3 Qtrs
Proceeds from sale of vessels	`ProceedsfromSaleofVessel`	-	USD	3 Qtrs
Proceeds from sale of vessels	`ProceedsfromSaleofVessel`	$11.69M	USD	3 Qtrs
Purchase of derivative instrument	`PaymentsForDerivativeInstrumentInvestingActivities`	-	USD	3 Qtrs
Purchase of derivative instrument	`PaymentsForDerivativeInstrumentInvestingActivities`	$628.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.04M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-159.85M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfSecuredDebt`	$79.15M	USD	3 Qtrs
Payments of financing fees and debt issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$167.98K	USD	3 Qtrs
Payments of financing fees and debt issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$1.99M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$9.85M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$58.61M	USD	3 Qtrs
Proceeds from finance leases	`ProceedsFromFinanceLease`	$109.13M	USD	3 Qtrs
Proceeds from finance leases	`ProceedsFromFinanceLease`	-	USD	3 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	-	USD	3 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$3.33M	USD	3 Qtrs
Payments of finance lease obligations	`FinanceLeasePrincipalPayments`	$6.48M	USD	3 Qtrs
Payments of finance lease obligations	`FinanceLeasePrincipalPayments`	$10.82M	USD	3 Qtrs
Payments of other long-term liabilities	`RepaymentsOfOtherLongTermDebt`	-	USD	3 Qtrs
Payments of other long-term liabilities	`RepaymentsOfOtherLongTermDebt`	$2.50M	USD	3 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$532.83K	USD	3 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$3.99M	USD	3 Qtrs
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$154.13K	USD	3 Qtrs
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$129.19K	USD	3 Qtrs
Contributions from non-controlling interest recorded as long-term liability	`ProceedsFromMinorityShareholders`	$322.75K	USD	3 Qtrs
Contributions from non-controlling interest recorded as long-term liability	`ProceedsFromMinorityShareholders`	$6.90M	USD	3 Qtrs
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	$195.60K	USD	3 Qtrs
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	$193.51K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.40M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$117.94M	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$767.22K	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.00M	USD	3 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.06M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.06M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.16M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.06M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.06M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.56M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.50M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.50M	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.40M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.06M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.06M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.16M	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$227.15M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$243.07M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$240.97M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$284.40M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$234.43M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$256.88M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$369.22K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$391.70K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.73M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.92M	USD	3 Qtrs
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-129.19K	USD	3 Qtrs
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-154.13K	USD	3 Qtrs
Net Income	`ProfitLoss`	$4.81M	USD	3 Qtrs
Net Income	`ProfitLoss`	$28.70M	USD	1 Quarter
Net Income	`ProfitLoss`	$54.78M	USD	3 Qtrs
Net Income	`ProfitLoss`	$8.29M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$227.15M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$243.07M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$240.97M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$284.40M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$234.43M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$256.88M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.