10-Q Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001606909-23-000131`
Period End Date	20230930
Filing Date	20231108
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	panl-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 88 Cash Flow Statement 92 Stockholders Equity 27

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$5.30M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$4.37M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$128.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.36M	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
Accounts receivable (net of allowance of $5,301,297 and $4,367,848 at September 30, 2023 and December 31, 2022, respectively)	`AccountsReceivableNetCurrent`	$53.50M	USD	Point-in-time
Accounts receivable (net of allowance of $5,301,297 and $4,367,848 at September 30, 2023 and December 31, 2022, respectively)	`AccountsReceivableNetCurrent`	$36.76M	USD	Point-in-time
Preferred stock, shares Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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`	$29.10M	USD	Point-in-time
Bunker inventory	`InventoryNet`	$26.35M	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`	$28.27M	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`	$31.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$222.51M	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`	$198.48M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	45.90M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$479.98M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	46.47M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$476.52M	USD	Point-in-time
Finance lease right of use assets, net	`FinanceLeaseRightOfUseAsset`	$43.92M	USD	Point-in-time
Finance lease right of use assets, net	`FinanceLeaseRightOfUseAsset`	$40.95M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	46.47M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	45.90M	shares	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Goodwill	`Goodwill`	$3.10M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$6.07M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.28M	USD	Point-in-time
Total assets	`Assets`	$728.59M	USD	Point-in-time
Total assets	`Assets`	$748.24M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$42.37M	USD	Point-in-time
Accounts payable, accrued expenses and other current liabilities	`AccountsPayableAccruedExpensesAndOtherCurrentLiabilities`	$38.55M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$20.88M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$13.80M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$31.51M	USD	Point-in-time
Current portion of secured long-term debt	`OtherLongTermDebtCurrent`	$15.78M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$26.63M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$16.37M	USD	Point-in-time
Current portion of finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$16.37M	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$626.18K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrent`	$977.59K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$92.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$115.29M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$98.82M	USD	Point-in-time
Secured long-term debt, net	`SecuredLongTermDebt`	$70.95M	USD	Point-in-time
Long-term portion	`FinanceLeaseLiabilityNoncurrent`	$146.47M	USD	Point-in-time
Long-term portion	`FinanceLeaseLiabilityNoncurrent`	$168.51M	USD	Point-in-time
Long-term portion	`FinanceLeaseLiabilityNoncurrent`	$168.51M	USD	Point-in-time
Long-term liabilities - other - Note 10	`OtherLiabilitiesNoncurrent`	$17.81M	USD	Point-in-time
Long-term liabilities - other - Note 10	`OtherLiabilitiesNoncurrent`	$19.97M	USD	Point-in-time
Long-term liabilities - other - Note 10	`OtherLiabilitiesNoncurrent`	$18.50M	USD	Point-in-time
Commitments and contingencies - Note 9	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies - Note 9	`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; 46,466,622 shares issued and outstanding at September 30, 2023; 45,898,395 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$4.65K	USD	Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized; 46,466,622 shares issued and outstanding at September 30, 2023; 45,898,395 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$4.59K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$162.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$164.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$151.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$162.54M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$326.71M	USD	Point-in-time
Total Pangaea Logistics Solutions Ltd. equity	`StockholdersEquity`	$314.23M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$50.67M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$54.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$300.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$340.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$361.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$368.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$357.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.38M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$728.59M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$748.24M	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$135.62M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$367.39M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$184.48M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$571.78M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$207.87M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$74.72M	USD	1 Quarter
Voyage expense	`VoyageExpense`	$170.35M	USD	3 Qtrs
Voyage expense	`VoyageExpense`	$59.08M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$77.18M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$194.18M	USD	3 Qtrs
Charter hire expense	`CharterHireExpense`	$25.47M	USD	1 Quarter
Charter hire expense	`CharterHireExpense`	$50.75M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$41.48M	USD	3 Qtrs
Vessel operating expense	`VesselOperatingExpense`	$14.25M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$15.36M	USD	1 Quarter
Vessel operating expense	`VesselOperatingExpense`	$41.07M	USD	3 Qtrs
Terminal & Stevedore Expenses	`TerminalStevedoreExpenses`	$3.52M	USD	1 Quarter
Terminal & Stevedore Expenses	`TerminalStevedoreExpenses`	$3.89M	USD	3 Qtrs
Terminal & Stevedore Expenses	`TerminalStevedoreExpenses`	-	USD	1 Quarter
Terminal & Stevedore Expenses	`TerminalStevedoreExpenses`	-	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$16.20M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.78M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.12M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$8.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$21.96M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$22.55M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$7.37M	USD	1 Quarter
Loss on impairment of vessel	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessel	`TangibleAssetImpairmentCharges`	-	USD	3 Qtrs
Loss on impairment of vessel	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessel	`TangibleAssetImpairmentCharges`	$3.01M	USD	3 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfProperties`	$-1.17M	USD	3 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Loss on sale of vessel	`GainLossOnSaleOfProperties`	$-318.03K	USD	3 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfProperties`	-	USD	1 Quarter
Total expenses	`OperatingExpenses`	$485.01M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$153.97M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$115.90M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$333.33M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$86.77M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$34.06M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$30.51M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$19.71M	USD	1 Quarter
Interest and Other Income	`InterestAndOtherIncome`	$323.02K	USD	3 Qtrs
Interest and Other Income	`InterestAndOtherIncome`	$2.87M	USD	3 Qtrs
Interest and Other Income	`InterestAndOtherIncome`	$284.15K	USD	1 Quarter
Interest and Other Income	`InterestAndOtherIncome`	$775.50K	USD	1 Quarter
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-510.09K	USD	3 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$-4.51M	USD	1 Quarter
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$2.76M	USD	3 Qtrs
Unrealized gain (loss) on derivative instruments, net	`UnrealizedGainLossOnDerivatives`	$4.53M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$422.64K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$-212.64K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$298.68K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$517.12K	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-7.70M	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-10.75M	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$478.89K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-17.08M	USD	3 Qtrs
Net income	`ProfitLoss`	$69.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$26.36M	USD	3 Qtrs
Net income	`ProfitLoss`	$20.19M	USD	1 Quarter
Net income	`ProfitLoss`	$19.76M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.71M	USD	3 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$972.61K	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.17M	USD	3 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.32M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$25.19M	USD	3 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$63.99M	USD	3 Qtrs
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$18.79M	USD	1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd.	`NetIncomeLoss`	$18.87M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.44	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.56	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.43	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.39M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.75M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.42M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.78M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.62M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.08M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.64M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.11M	shares	3 Qtrs

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$69.70M	USD	3 Qtrs
Net income	`ProfitLoss`	$26.36M	USD	3 Qtrs
Net income	`ProfitLoss`	$20.19M	USD	1 Quarter
Net income	`ProfitLoss`	$19.76M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$22.55M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$21.96M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$764.90K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$701.27K	USD	3 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$91.45K	USD	3 Qtrs
Amortization of prepaid rent	`AmortizationofPrepaidRent1`	$91.05K	USD	3 Qtrs
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-510.09K	USD	3 Qtrs
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$-4.51M	USD	1 Quarter
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$2.76M	USD	3 Qtrs
Unrealized (gain) loss on derivative instruments	`UnrealizedGainLossOnDerivatives`	$4.53M	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$517.12K	USD	3 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$417.64K	USD	3 Qtrs
Earnings attributable to non-controlling interest recorded as other long term liability	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$6.72M	USD	Annual
Earnings attributable to non-controlling interest recorded as other long term liability	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$1.03M	USD	3 Qtrs
Earnings attributable to non-controlling interest recorded as other long term liability	`EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense`	$5.96M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$933.45K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.28M	USD	3 Qtrs
Loss on impairment of vessel	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessel	`TangibleAssetImpairmentCharges`	-	USD	3 Qtrs
Loss on impairment of vessel	`TangibleAssetImpairmentCharges`	-	USD	1 Quarter
Loss on impairment of vessel	`TangibleAssetImpairmentCharges`	$3.01M	USD	3 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	$-318.03K	USD	3 Qtrs
Loss on sale of vessel	`GainLossOnSaleOfOtherAssets`	$-1.17M	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$3.37M	USD	3 Qtrs
Drydocking costs	`PaymentForDrydockingCosts`	$5.97M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.39M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.46M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.63M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$17.68M	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$-2.76M	USD	3 Qtrs
Bunker inventory	`IncreaseDecreaseInInventories`	$3.50M	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-885.26K	USD	3 Qtrs
Advance hire, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-14.10M	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$3.32M	USD	3 Qtrs
Accounts payable, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities`	$-2.95M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-14.97M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-7.09M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.87M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.88M	USD	3 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$27.22M	USD	3 Qtrs
Purchase of vessels and vessel improvements	`PaymentForPurchaseOfVessels`	$18.37M	USD	3 Qtrs
Purchase of fixed assets and equipment	`PaymentsToAcquireAndWriteOffOfProductiveAssets`	$-187.64K	USD	3 Qtrs
Purchase of fixed assets and equipment	`PaymentsToAcquireAndWriteOffOfProductiveAssets`	-	USD	3 Qtrs
Proceeds from sale of vessel	`ProceedsfromSaleofVessel`	$8.40M	USD	3 Qtrs
Proceeds from sale of vessel	`ProceedsfromSaleofVessel`	$8.60M	USD	Point-in-time
Proceeds from sale of vessel	`ProceedsfromSaleofVessel`	$8.90M	USD	Point-in-time
Proceeds from sale of vessel	`ProceedsfromSaleofVessel`	$8.04M	USD	3 Qtrs
Payments to Acquire Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Payments to Acquire Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$7.20M	USD	3 Qtrs
Contributions to non-consolidated subsidiaries	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	3 Qtrs
Contributions to non-consolidated subsidiaries	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$1.64M	USD	3 Qtrs
Contributions to non-consolidated subsidiaries	`PaymentsForProceedsFromNonControllingInterest`	$18.50K	USD	3 Qtrs
Contributions to non-consolidated subsidiaries	`PaymentsForProceedsFromNonControllingInterest`	$275.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.51M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.02M	USD	3 Qtrs
Payments of financing fees and debt issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	$331.32K	USD	3 Qtrs
Payments of financing fees and debt issuance costs	`PaymentOfFinancingAndStockIssuanceCosts`	-	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$12.44M	USD	3 Qtrs
Payments of long-term debt	`RepaymentsOfSecuredDebt`	$12.22M	USD	3 Qtrs
Proceeds from finance leases	`ProceedsFromFinanceLease`	$15.00M	USD	3 Qtrs
Proceeds from finance leases	`ProceedsFromFinanceLease`	-	USD	3 Qtrs
Payments of finance lease obligations	`FinanceLeasePrincipalPayments`	$11.81M	USD	3 Qtrs
Payments of finance lease obligations	`FinanceLeasePrincipalPayments`	$12.21M	USD	3 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$5.00M	USD	3 Qtrs
Dividends paid to non-controlling interests	`PaymentsOfDividendsMinorityInterest`	$5.00M	USD	3 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$13.62M	USD	3 Qtrs
Accrued common stock dividends paid	`PaymentsOfDividendsCommonStock`	$8.97M	USD	3 Qtrs
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$287.63K	USD	3 Qtrs
Cash paid for incentive compensation shares relinquished	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$127.28K	USD	3 Qtrs
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	-	USD	3 Qtrs
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	$2.50M	USD	3 Qtrs
Payments to non-controlling interest recorded as long-term liability	`PaymentsToMinorityShareholders`	$2.05M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-28.62M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-45.89M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-41.03M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$61.74M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$87.36M	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`	$128.38M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$87.36M	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`	$128.38M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.95M	USD	Point-in-time
Operating Expenses	`OperatingExpenses`	$485.01M	USD	3 Qtrs
Operating Expenses	`OperatingExpenses`	$153.97M	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$115.90M	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$333.33M	USD	3 Qtrs

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$300.68M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$340.85M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$361.57M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$368.72M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$357.60M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.38M	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.46M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.39M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$319.19K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$270.01K	USD	1 Quarter
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-287.63K	USD	3 Qtrs
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-127.28K	USD	3 Qtrs
Issuance of restricted shares, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	1 Quarter
Distribution to Non-Controlling Interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.00M	USD	3 Qtrs
Distribution to Non-Controlling Interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.00M	USD	3 Qtrs
Common Stock Dividend	`DividendsCommonStock`	$3.34M	USD	1 Quarter
Common Stock Dividend	`DividendsCommonStock`	$8.95M	USD	3 Qtrs
Net Income	`ProfitLoss`	$69.70M	USD	3 Qtrs
Net Income	`ProfitLoss`	$26.36M	USD	3 Qtrs
Net Income	`ProfitLoss`	$20.19M	USD	1 Quarter
Net Income	`ProfitLoss`	$19.76M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$300.68M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$340.85M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$361.57M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$368.72M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$357.60M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.38M	USD	Point-in-time

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