v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income (loss) $ 24,146,000 $ (5,099,000)
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization expense 24,309,000 20,521,000
Amortization of deferred financing costs 517,000 611,000
Amortization of prepaid rent 59,000 60,000
Unrealized loss on derivative instruments, net 89,000 1,117,000
Income from equity method investee (1,240,000) (877,000)
Provision for doubtful accounts 904,000 1,066,000
Loss on write-down of vessel held for sale 358,000 0
Drydocking costs (8,946,000) (11,945,000)
Share-based compensation 2,322,000 2,081,000
Change in operating assets and liabilities:    
Accounts receivable (4,197,000) (8,021,000)
Inventories (22,706,000) (5,736,000)
Advance hire, prepaid expenses and other current assets (22,079,000) (355,000)
Accounts payable, accrued expenses and other current liabilities 29,426,000 13,572,000
Deferred revenue 2,914,000 3,044,000
Net cash provided by operating activities 25,878,000 10,039,000
Investing activities    
Purchase of vessels, vessel improvements and equipment (684,000) (223,000)
Proceeds from sale of vessels and equipment 9,678,000 0
Purchase of fixed assets and equipment (3,740,000) (1,346,000)
Dividends received from equity method investments 1,100,000 0
Distributions from (Contributions to) non-consolidated subsidiaries 754,000 (842,000)
Net cash provided by (used in) investing activities 7,109,000 (2,411,000)
Financing activities    
Proceeds from long-term debt 812,000 0
Payments of long-term debt (8,471,000) (8,269,000)
Payments of financing obligations (14,017,000) (12,602,000)
Payments of finance leases (1,576,000) (1,422,000)
Dividends paid to non-controlling interests 0 1,942,000
Cash dividends paid (7,114,000) (9,939,000)
Payments to repurchase ordinary shares 0 (1,007,000)
Net cash used in financing activities (30,366,000) (35,180,000)
Net change in cash and cash equivalents 2,621,000 (27,553,000)
Total cash and cash equivalents at beginning of period 103,054,000 86,805,000
Total cash and cash equivalents at end of period 105,675,000 59,253,000
Supplemental Cash Flow Information [Abstract]    
Cash and cash equivalents 105,675,000 59,253,000
Restricted cash 270,000 0
Total cash, cash equivalents and restricted cash 105,945,000 59,253,000
Capital expenditures included in accounts payable and accrued expenses $ 3,399,000 $ 2,010,000