v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 115,022 $ 96,662
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 75,923 78,191
Amortization of deferred drydocking and survey costs 53,823 37,524
Amortization of debt premium and discounts 2,956 3,593
Amortization of below market contracts (698) (2,856)
Deferred income taxes provision (benefit) (15,420) 32
Gain on asset dispositions, net (8,018) (13,039)
Stock-based compensation expense 7,548 6,226
Changes in assets and liabilities:    
Trade and other receivables 7,314 (12,146)
Accounts payable (22,670) 15,809
Accrued expenses (223) 10,648
Deferred drydocking and survey costs (67,077) (80,101)
Other, net 22,926 (7,133)
Net cash provided by operating activities 171,406 133,410
Cash flows from investing activities:    
Proceeds from asset dispositions 11,084 14,817
Proceeds from sale of notes 660 702
Additions to properties and equipment (15,492) (17,334)
Net cash used in investing activities (3,748) (1,815)
Cash flows from financing activities:    
Proceeds from issuance of shares 0 2
Principal payments on long-term debt (26,541) (26,507)
Purchase of common stock (90,089) (32,898)
Debt issuance costs 0 (193)
Share based awards reacquired to pay taxes (7,752) (28,463)
Net cash used in financing activities (124,382) (88,059)
Net change in cash, cash equivalents and restricted cash 43,276 43,536
Cash, cash equivalents and restricted cash at beginning of period 329,031 277,965
Cash, cash equivalents and restricted cash at end of period 372,307 321,501
Supplemental disclosure of cash flow information:    
Interest, net of amounts capitalized 29,499 30,546
Income taxes 32,653 33,084
Supplemental disclosure of noncash investing activities:    
Purchase of vessels 10,727 0
Debt incurred for purchase of vessels $ 11,479 $ 0