10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001606909-22-000069`
Period End Date	20220630
Filing Date	20220809
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	panl-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 88 Cash Flow Statement 87 Stockholders Equity 28

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$2.51M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$1.99M	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.21M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable (net of allowance of $2,509,255 and $1,990,459 at June 30, 2022 and December 31, 2021, respectively)	`AccountsReceivableNetCurrent`	$54.26M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable (net of allowance of $2,509,255 and $1,990,459 at June 30, 2022 and December 31, 2021, respectively)	`AccountsReceivableNetCurrent`	$41.10M	USD	Point-in-time
Bunker inventory	`InventoryNet`	$27.15M	USD	Point-in-time
Bunker inventory	`InventoryNet`	$52.82M	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
Advance hire, prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$38.06M	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`	$46.35M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$183.96M	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`	$234.16M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	46.01M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$471.91M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	45.62M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$469.97M	USD	Point-in-time
Advances for vessel purchases	`InvestmentInNewbuildingsInProcess`	$1.99M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	46.01M	shares	Point-in-time
Advances for vessel purchases	`InvestmentInNewbuildingsInProcess`	-	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	45.62M	shares	Point-in-time
Finance lease right of use assets, net	`FinanceLeaseRightOfUseAsset`	$45.20M	USD	Point-in-time
Finance lease right of use assets, net	`FinanceLeaseRightOfUseAsset`	$46.30M	USD	Point-in-time
Other non-current Assets	`OtherAssetsNoncurrent`	$4.20M	USD	Point-in-time
Other non-current Assets	`OtherAssetsNoncurrent`	$3.96M	USD	Point-in-time
Total assets	`Assets`	$707.02M	USD	Point-in-time
Total assets	`Assets`	$754.62M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$49.15M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$65.30M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$242.85K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$24.35M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$32.21M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$12.89M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$15.44M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$14.48M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$16.15M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$197.74K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$213.76K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$118.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$111.74M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$105.84M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$99.59M	USD	Point-in-time
Finance lease liabilities, net	`FinanceLeaseLiabilityNoncurrent`	$170.96M	USD	Point-in-time
Finance lease liabilities, net	`FinanceLeaseLiabilityNoncurrent`	$176.44M	USD	Point-in-time
Long-term liabilities - other - Note 8	`OtherLiabilitiesNoncurrent`	$17.81M	USD	Point-in-time
Long-term liabilities - other - Note 8	`OtherLiabilitiesNoncurrent`	$18.85M	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; 46,006,182 shares issued and outstanding at June 30, 2022; 45,617,840 shares issued and outstanding at December 31, 2021	`CommonStockValue`	$4.60K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 46,006,182 shares issued and outstanding at June 30, 2022; 45,617,840 shares issued and outstanding at December 31, 2021	`CommonStockValue`	$4.56K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$162.39M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$161.53M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$85.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$125.25M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$247.20M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$287.64M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$53.21M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$53.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$241.76M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$316.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$340.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$256.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$221.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$300.68M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$707.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$754.62M	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$270.52M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$387.31M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$195.54M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$145.54M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$133.16M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$93.95M	USD	2 Qtrs
Voyage expense	`VoyageExpense`	$46.11M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$67.91M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$143.42M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$65.71M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$116.24M	USD	2 Qtrs
Charter hire expense	`CharterHireExpense`	$62.60M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$18.27M	USD	2 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$12.93M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$26.12M	USD	2 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$9.77M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.03M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.42M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.14M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.23M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$9.29M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$14.59M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$7.29M	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	2 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	$3.01M	USD	2 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	$-318.03K	USD	1 Quarter
Loss on sale of vessels	`GainLossOnSaleOfProperties`	$-318.03K	USD	2 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	2 Qtrs
Loss on sale of vessels	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Total expenses	`OperatingExpenses`	$159.30M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$331.04M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$247.98M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$129.39M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$36.24M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$16.16M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$22.53M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$56.27M	USD	2 Qtrs
Interest expense, net	`InterestExpenseDebt`	$4.58M	USD	2 Qtrs
Interest expense, net	`InterestExpenseDebt`	$2.62M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$3.63M	USD	1 Quarter
Interest expense, net	`InterestExpenseDebt`	$7.01M	USD	2 Qtrs
Income attributable to Non-controlling interest recorded as long-term liability interest expense	`InterestExpenseRelatedParty`	$449.75K	USD	2 Qtrs
Income attributable to Non-controlling interest recorded as long-term liability interest expense	`InterestExpenseRelatedParty`	$179.08K	USD	1 Quarter
Income attributable to Non-controlling interest recorded as long-term liability interest expense	`InterestExpenseRelatedParty`	$3.54M	USD	2 Qtrs
Income attributable to Non-controlling interest recorded as long-term liability interest expense	`InterestExpenseRelatedParty`	$1.70M	USD	1 Quarter
Unrealized (loss) gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-3.50M	USD	1 Quarter
Unrealized (loss) gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$8.33M	USD	2 Qtrs
Unrealized (loss) gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$6.30M	USD	1 Quarter
Unrealized (loss) gain on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$4.00M	USD	2 Qtrs
Other income (loss)	`OtherNonoperatingIncomeExpense`	$218.44K	USD	2 Qtrs
Other income (loss)	`OtherNonoperatingIncomeExpense`	$-82.50K	USD	1 Quarter
Other income (loss)	`OtherNonoperatingIncomeExpense`	$250.96K	USD	2 Qtrs
Other income (loss)	`OtherNonoperatingIncomeExpense`	$81.23K	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-8.76M	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$3.42M	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-6.33M	USD	2 Qtrs
Total other (expense) income, net	`NonoperatingIncomeExpense`	$3.55M	USD	2 Qtrs
Net income	`ProfitLoss`	$19.58M	USD	1 Quarter
Net income	`ProfitLoss`	$26.08M	USD	2 Qtrs
Net income	`ProfitLoss`	$27.49M	USD	1 Quarter
Net income	`ProfitLoss`	$49.93M	USD	2 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.00M	USD	2 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.73M	USD	2 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$349.90K	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.45M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$19.23M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$25.03M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$25.08M	USD	2 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$45.20M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.57	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.02	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.00	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.41M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.99M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.43M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.69M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.13M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.73M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.07M	shares	1 Quarter

Cash Flow Statement 87 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$19.58M	USD	1 Quarter
Net income	`ProfitLoss`	$26.08M	USD	2 Qtrs
Net income	`ProfitLoss`	$27.49M	USD	1 Quarter
Net income	`ProfitLoss`	$49.93M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$9.29M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$14.59M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$477.26K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$499.70K	USD	2 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$57.63K	USD	2 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$60.97K	USD	2 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-3.50M	USD	1 Quarter
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$8.33M	USD	2 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$6.30M	USD	1 Quarter
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$4.00M	USD	2 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$250.96K	USD	2 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$218.44K	USD	2 Qtrs
Earnings attributable to non-controlling interest recorded as other long term liability	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$3.54M	USD	2 Qtrs
Earnings attributable to non-controlling interest recorded as other long term liability	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$449.75K	USD	2 Qtrs
Earnings attributable to non-controlling interest recorded as other long term liability	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$1.18M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$285.47K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$518.80K	USD	2 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	2 Qtrs
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessels	`TangibleAssetImpairmentCharges`	$3.01M	USD	2 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	$-318.03K	USD	2 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	-	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$4.86M	USD	2 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$5.55M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.37M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.14M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.89M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.64M	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$25.68M	USD	2 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$7.22M	USD	2 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.48M	USD	2 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-12.29M	USD	2 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$12.22M	USD	2 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$13.29M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-7.86M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$3.03M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.53M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.23M	USD	2 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$18.50M	USD	2 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$108.54M	USD	2 Qtrs
Purchase of fixed assets and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$71.42K	USD	2 Qtrs
Purchase of fixed assets and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$112.20K	USD	2 Qtrs
Proceeds from sale of vessels	`ProceedsfromSaleofVessel`	-	USD	2 Qtrs
Proceeds from sale of vessels	`ProceedsfromSaleofVessel`	$8.40M	USD	2 Qtrs
Contributions to non-consolidated subsidiaries	`PaymentsToAcquireEquityMethodInvestments`	$18.50K	USD	2 Qtrs
Contributions to non-consolidated subsidiaries	`PaymentsToAcquireEquityMethodInvestments`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.19M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-108.65M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfSecuredDebt`	$66.35M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	2 Qtrs
Payments of financing fees and debt issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$331.32K	USD	2 Qtrs
Payments of financing fees and debt issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$1.17M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$9.01M	USD	2 Qtrs
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$55.62M	USD	2 Qtrs
Proceeds from finance leases	`ProceedsFromFinanceLease`	$15.00M	USD	2 Qtrs
Proceeds from finance leases	`ProceedsFromFinanceLease`	$77.08M	USD	2 Qtrs
Payments of finance lease obligations	`FinanceLeasePrincipalPayments`	$3.82M	USD	2 Qtrs
Payments of finance lease obligations	`FinanceLeasePrincipalPayments`	$7.81M	USD	2 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$3.33M	USD	2 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$5.00M	USD	2 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$5.63M	USD	2 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$2.45M	USD	2 Qtrs
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$129.19K	USD	2 Qtrs
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$287.63K	USD	2 Qtrs
Contributions from non-controlling interest recorded as long-term liability	`ProceedsFromMinorityShareholders`	-	USD	2 Qtrs
Contributions from non-controlling interest recorded as long-term liability	`ProceedsFromMinorityShareholders`	$9.18M	USD	Annual
Contributions from non-controlling interest recorded as long-term liability	`ProceedsFromMinorityShareholders`	$4.62M	USD	2 Qtrs
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	$195.60K	USD	Annual
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	$195.60K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$81.34M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.07M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.78M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$45.97M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.40M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$102.18M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.21M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$40.61M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$102.18M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.21M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$40.61M	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$241.76M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$316.39M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$340.85M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$256.88M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$221.91M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$300.68M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$310.98K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.14M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$418.18K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.37M	USD	2 Qtrs
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-129.19K	USD	2 Qtrs
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-287.63K	USD	2 Qtrs
Distribution to Non-Controlling Interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.00M	USD	2 Qtrs
Distribution to Non-Controlling Interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.33M	USD	2 Qtrs
Distribution to Non-Controlling Interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.33M	USD	1 Quarter
Common Stock Dividend	`DividendsCommonStock`	$1.54M	USD	1 Quarter
Common Stock Dividend	`DividendsCommonStock`	$1.54M	USD	2 Qtrs
Net Income	`ProfitLoss`	$19.58M	USD	1 Quarter
Net Income	`ProfitLoss`	$26.08M	USD	2 Qtrs
Net Income	`ProfitLoss`	$27.49M	USD	1 Quarter
Net Income	`ProfitLoss`	$49.93M	USD	2 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$241.76M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$316.39M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$340.85M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$256.88M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$221.91M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$300.68M	USD	Point-in-time

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