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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Shipping Revenues:    
Shipping revenues $ 274,401 $ 287,130 Close
Operating Expenses:    
Voyage expenses 3,473 3,810
Vessel expenses 63,381 58,769
Charter hire expenses 6,648 8,800
Depreciation and amortization 34,153 29,548
General and administrative 12,374 11,246
Third-party debt modification fees 0 407
Gain on disposal of vessels and other assets, net (51) (10,748)
Total operating expenses 119,978 101,832 Close
Income from vessel operations 154,423 185,298
Other income 2,954 4,281 Close
Income before interest expense and income taxes 157,377 189,579 Close
Interest expense (12,887) (16,947)
Income before income taxes 144,490 172,632
Income tax benefit 0 1 Close
Net income 144,490 172,633 Close
Net income/(loss) attributable to the Company $ 144,490 $ 172,633
Weighted Average Number of Common Shares Outstanding:    
Basic 48,972,842 49,138,613
Diluted 49,377,948 49,646,331
Per Share Amounts:    
Basic net income per share $ 2.95 $ 3.51
Diluted net income per share $ 2.92 $ 3.47
International Crude Tankers Segment [Member]    
Shipping Revenues:    
Shipping revenues $ 126,867 $ 132,411
Operating Expenses:    
Depreciation and amortization 20,049 17,226
Gain on disposal of vessels and other assets, net (2)  
International Product Carriers Segment [Member]    
Shipping Revenues:    
Shipping revenues 147,534 154,719
Operating Expenses:    
Depreciation and amortization 14,104 12,294
Gain on disposal of vessels and other assets, net (49)  
Pool Revenue Leases [Member]    
Shipping Revenues:    
Shipping revenues 226,282 259,578
Time and Bareboat Charter Leases [Member]    
Shipping Revenues:    
Shipping revenues 31,049 13,150
Voyage Charter Leases [Member]    
Shipping Revenues:    
Shipping revenues $ 17,070 $ 14,402