2020 Q4 Form 10-Q Financial Statement

#000155837020013024 Filed on November 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $56.70M $99.88M $71.28M
YoY Change -54.28% 40.13% 16.99%
Cost Of Revenue $40.80M $41.30M $43.20M
YoY Change -6.64% -4.4% -21.17%
Gross Profit $15.90M $58.60M $28.00M
YoY Change -80.22% 109.29% 359.02%
Gross Profit Margin 28.04% 58.67% 39.28%
Selling, General & Admin $10.00M $9.900M $13.40M
YoY Change -31.03% -26.12% 148.15%
% of Gross Profit 62.89% 16.89% 47.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.10M $19.01M $18.96M
YoY Change -4.74% 0.28% -1.84%
% of Gross Profit 113.84% 32.45% 67.72%
Operating Expenses $28.20M $29.00M $32.40M
YoY Change -15.57% -10.49% 31.17%
Operating Profit -$98.19M $16.83M -$2.843M
YoY Change -310.62% -692.05% -92.11%
Interest Expense $7.823M $7.999M $17.01M
YoY Change -45.22% -52.97% -1.79%
% of Operating Profit 47.52%
Other Income/Expense, Net $700.0K -$208.0K $284.0K
YoY Change -135.0% -173.24% 29.09%
Pretax Income -$116.9M $13.98M -$11.10M
YoY Change -835.22% -226.01% -76.79%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$116.9M $13.98M -$11.10M
YoY Change -835.57% -226.01% -76.78%
Net Earnings / Revenue -206.14% 14.0% -15.57%
Basic Earnings Per Share $0.50 -$0.38
Diluted Earnings Per Share -$4.190M $0.50 -$0.38
COMMON SHARES
Basic Shares Outstanding 27.98M 27.93M 29.25M
Diluted Shares Outstanding 28.03M 29.25M

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.4M $137.3M $68.40M
YoY Change 122.3% 100.73% -25.25%
Cash & Equivalents $199.4M $137.3M $68.38M
Short-Term Investments
Other Short-Term Assets $6.000M $5.400M $5.300M
YoY Change 0.0% 1.89% -14.52%
Inventory $3.601M $1.400M $3.400M
Prepaid Expenses
Receivables $43.36M $71.43M $75.50M
Other Receivables $4.400M $4.700M $4.100M
Total Short-Term Assets $256.8M $220.2M $156.6M
YoY Change 37.09% 40.64% -13.39%
LONG-TERM ASSETS
Property, Plant & Equipment $1.108B $1.262B $1.341B
YoY Change -14.26% -5.86% -0.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $144.1M $157.6M $271.7M
YoY Change -6.0% -41.99% -2.44%
Other Assets $3.229M $2.925M $59.20M
YoY Change 10.05% -95.06% 1248.83%
Total Long-Term Assets $1.330B $1.492B $1.672B
YoY Change -15.1% -10.76% -1.99%
TOTAL ASSETS
Total Short-Term Assets $256.8M $220.2M $156.6M
Total Long-Term Assets $1.330B $1.492B $1.672B
Total Assets $1.587B $1.712B $1.829B
YoY Change -9.52% -6.36% -3.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.609M $27.40M $30.00M
YoY Change -47.69% -8.67% 19.52%
Accrued Expenses $8.900M $9.900M $13.50M
YoY Change -31.54% -26.67%
Deferred Revenue $3.060M
YoY Change 1025.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $61.48M $61.48M $51.00M
YoY Change -12.6% 20.55% -11.58%
Total Short-Term Liabilities $108.9M $102.8M $97.70M
YoY Change -4.87% 5.24% -6.53%
LONG-TERM LIABILITIES
Long-Term Debt $474.3M $489.2M $716.7M
YoY Change -19.71% -31.74% -6.96%
Other Long-Term Liabilities $14.86M $15.99M $32.00M
YoY Change 898.05% -50.04% 737.26%
Total Long-Term Liabilities $489.2M $505.2M $748.7M
YoY Change -17.4% -32.53% -3.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $108.9M $102.8M $97.70M
Total Long-Term Liabilities $489.2M $505.2M $748.7M
Total Liabilities $614.5M $625.8M $846.4M
YoY Change -15.96% -26.06% -3.67%
SHAREHOLDERS EQUITY
Retained Earnings -$275.8M -$159.0M
YoY Change 2.05%
Common Stock $1.281B $1.281B
YoY Change -2.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $972.0M $1.087B $982.1M
YoY Change
Total Liabilities & Shareholders Equity $1.587B $1.712B $1.829B
YoY Change -9.52% -6.35% -3.09%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$116.9M $13.98M -$11.10M
YoY Change -835.57% -226.01% -76.78%
Depreciation, Depletion And Amortization $18.10M $19.01M $18.96M
YoY Change -4.74% 0.28% -1.84%
Cash From Operating Activities $17.30M $71.10M -$400.0K
YoY Change -60.77% -17875.0% -95.18%
INVESTING ACTIVITIES
Capital Expenditures -$3.700M -$5.600M -$4.500M
YoY Change -86.3% 24.44% -28.57%
Acquisitions
YoY Change
Other Investing Activities $67.00M $2.400M $7.900M
YoY Change -45.26% -69.62% -22.55%
Cash From Investing Activities $63.40M -$3.200M $3.400M
YoY Change -33.54% -194.12% -10.53%
FINANCING ACTIVITIES
Cash Dividend Paid $1.700M $1.700M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.80M -58.60M -29.00M
YoY Change -83.44% 102.07% 98.63%
NET CHANGE
Cash From Operating Activities 17.30M 71.10M -400.0K
Cash From Investing Activities 63.40M -3.200M 3.400M
Cash From Financing Activities -18.80M -58.60M -29.00M
Net Change In Cash 61.90M 9.300M -26.00M
YoY Change 138.08% -135.77% 36.13%
FREE CASH FLOW
Cash From Operating Activities $17.30M $71.10M -$400.0K
Capital Expenditures -$3.700M -$5.600M -$4.500M
Free Cash Flow $21.00M $76.70M $4.100M
YoY Change -70.46% 1770.73% -305.0%

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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Tax Expense Benefit
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CY2020Q3 us-gaap Net Income Loss
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CY2019Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q3 us-gaap Earnings Per Share Basic
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CY2019Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2020Q3 us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Profit Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Impairment Of Long Lived Assets Held For Use
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us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Amortization Of Financing Costs And Discounts
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insw Deferred Financing Costs Write Off
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insw Deferred Financing Costs Write Off
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap Increase Decrease In Other Financial Instruments Used In Operating Activities
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us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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insw Allocated General And Administrative Expenses Recorded As Capital Contributions
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insw Allocated General And Administrative Expenses Recorded As Capital Contributions
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10214000
insw Payments For Drydocking
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insw Payments For Drydocking
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us-gaap Proceeds From Insurance Settlement Operating Activities
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us-gaap Proceeds From Insurance Settlement Operating Activities
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us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Receivables
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-19165000
us-gaap Increase Decrease In Deferred Revenue
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us-gaap Increase Decrease In Deferred Revenue
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-25000
us-gaap Increase Decrease In Operating Liabilities
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-1517000
us-gaap Increase Decrease In Operating Liabilities
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2238000
us-gaap Net Cash Provided By Used In Operating Activities
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198791000
us-gaap Net Cash Provided By Used In Operating Activities
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43356000
insw Payment To Acquire Vessels And Vessels Improvements
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insw Payment To Acquire Vessels And Vessels Improvements
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insw Proceeds From Costs Sale Of Property Plant And Equipment
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insw Proceeds From Costs Sale Of Property Plant And Equipment
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us-gaap Payments To Acquire Other Property Plant And Equipment
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us-gaap Payments To Acquire Other Property Plant And Equipment
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insw Payments To Repayments From Advances To Affiliate
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insw Payments To Repayments From Advances To Affiliate
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-2104000
us-gaap Proceeds From Collection Of Advance To Affiliate
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0
us-gaap Proceeds From Collection Of Advance To Affiliate
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4836000
us-gaap Net Cash Provided By Used In Investing Activities
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-31031000
us-gaap Net Cash Provided By Used In Investing Activities
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12499000
insw Proceeds From Repayments Of Issuance Of Long Term Debt
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362989000
insw Proceeds From Repayments Of Issuance Of Long Term Debt
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0
us-gaap Payments Of Debt Extinguishment Costs
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us-gaap Payments Of Debt Extinguishment Costs
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10000000
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insw Payment Of Premiums For Debt Extinguishment
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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38531000
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us-gaap Payments Of Dividends
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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-149000
us-gaap Proceeds From Payments For Other Financing Activities
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-277000
us-gaap Net Cash Provided By Used In Financing Activities
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-164349000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-49277000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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3411000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
6578000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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150243000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
117644000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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153654000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
124222000
CY2019Q4 us-gaap Stockholders Equity
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1022293000
us-gaap Profit Loss
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111358000
us-gaap Other Comprehensive Income Loss Net Of Tax
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-14766000
us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
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5091000
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
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1272000
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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793000
us-gaap Stock Repurchased During Period Value
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29997000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1009855000
us-gaap Profit Loss
ProfitLoss
-16721000
us-gaap Other Comprehensive Income Loss Net Of Tax
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-13555000
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
369000
us-gaap Stock Granted During Period Value Sharebased Compensation
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783000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
1072053000
CY2020Q3 us-gaap Profit Loss
ProfitLoss
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
745000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
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1679000
CY2020Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
72000
CY2020Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
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285000
CY2020Q3 us-gaap Stock Repurchased During Period Value
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CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
1086518000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
995338000
CY2019Q3 us-gaap Profit Loss
ProfitLoss
-11095000
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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-3202000
CY2019Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
10000
CY2019Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
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279000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
982122000
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16300000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
60600000
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">Concentration of Credit Risk</i> <b style="font-weight:bold;">—</b> We are subject to concentrations of credit risk principally from cash and cash equivalents and voyage receivables due from charterers and pools in which the Company participates. We manage our credit risk exposure through assessment of our counterparty creditworthiness. Cash equivalents consist primarily of time deposits, and money market funds. We place our cash and cash equivalents in what we believe to be credit-worthy financial institutions. Our money market funds are carried at fair market value. Voyage receivables consist of (i) operating lease receivables associated with revenues from leases accounted for under ASC 842, <i style="font-style:italic;">Leases </i>(ASC 842), which are primarily unbilled amounts due from pools; and (ii) billed and unbilled non-operating lease receivables associated with revenues from services accounted for under ASC 606, <i style="font-style:italic;">Revenue from Contracts with Customers</i> (ASC 606), which are due within one year. We perform ongoing evaluations to determine customer credit and we limit the amount of credit we extend. We maintain allowances for estimated credit losses and these losses have generally been within our expectations. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">With respect to non-operating lease receivables, the Company recognizes as an allowance its estimate of expected credit losses in accordance with ASC 326, <i style="font-style:italic;">Financial Instruments – Credit losses</i> (ASC 326), based on troubled accounts, historical experience, other currently available evidence, and reasonable and supportable forecasts about the future. The Company makes significant judgements and assumptions to estimate its expected losses. We make judgments about the creditworthiness of customers based on ongoing credit evaluations including analysis of the counterparty’s established credit rating or assessment of the counterparty’s creditworthiness based on our analysis of their financial statements when a credit rating is not available, country and political risk of the counterparty, and their business strategy. We manage our non-operating lease receivable portfolios using delinquency as a key credit quality indicator. The Company performs the following steps in estimating expected losses: (i) gather historical losses over 5 years; (ii) assume outstanding billed amounts over 180 days as additional expected losses; and (iii) make forward-looking adjustments to the expected losses to reflect future economic conditions by comparing credit default swap rates of significant customers over time. In addition, the Company performs individual assessments for customers that do not share risk characteristics with other customers (for example a customer under bankruptcy or a customer with known disputes or collectability issues).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">The allowance for credit losses is recognized as an allowance or contra-asset and reflects our best estimate of probable losses inherent in the voyage receivables balance. Provisions for credit losses associated with voyage receivables are included in provision for credit losses on the condensed consolidated statements of operations. Activity for allowance for credit losses is summarized as follows:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:76.41%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;width:1.86%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;white-space:nowrap;width:1.86%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;width:18%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;width:1.86%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:76.41%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">(Dollars in thousands)</i></p></td><td style="vertical-align:middle;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.86%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;width:18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Allowance for Credit Losses - <br/>Voyage Receivables</p></td><td style="vertical-align:middle;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:76.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at January 1, 2018</p></td><td style="background-color:#cceeff;vertical-align:bottom;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> —</p></td><td style="background-color:#cceeff;vertical-align:bottom;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:middle;width:76.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Provision for expected credit losses</p></td><td style="vertical-align:bottom;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.86%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> —</p></td><td style="vertical-align:bottom;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:76.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at December 31, 2018</p></td><td style="background-color:#cceeff;vertical-align:bottom;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> —</p></td><td style="background-color:#cceeff;vertical-align:bottom;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:middle;width:76.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Provision for expected credit losses</p></td><td style="vertical-align:bottom;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.86%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 1,245</p></td><td style="vertical-align:bottom;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:76.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at December 31, 2019</p></td><td style="background-color:#cceeff;vertical-align:middle;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 1,245</p></td><td style="background-color:#cceeff;vertical-align:middle;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:middle;width:76.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Provision for expected credit losses</p></td><td style="vertical-align:middle;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 49</p></td><td style="vertical-align:middle;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:76.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Write-offs charged against the allowance</p></td><td style="background-color:#cceeff;vertical-align:middle;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:18%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (1,119)</p></td><td style="background-color:#cceeff;vertical-align:middle;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:middle;width:76.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Recoveries of amounts previously written off</p></td><td style="vertical-align:middle;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;white-space:nowrap;width:1.86%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:18%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (129)</p></td><td style="vertical-align:middle;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:76.41%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at September 30, 2020</p></td><td style="background-color:#cceeff;vertical-align:middle;white-space:nowrap;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:middle;white-space:nowrap;width:1.86%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="background-color:#cceeff;vertical-align:middle;white-space:nowrap;width:18%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 46</p></td><td style="background-color:#cceeff;vertical-align:middle;white-space:nowrap;width:1.86%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">We are also exposed to credit losses from off-balance sheet exposures related to guarantees of joint venture debt. See Note 6, “Equity Method Investments,” for more information on these off-balance sheet exposures.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">During the three and nine months ended September 30, 2020 and 2019, the Company did not have any individual customers who accounted for 10% or more of its revenues apart from the pools in which it participates. The pools in which the Company participates accounted in aggregate for 92% and 88% of consolidated voyage receivables at September 30, 2020 and December 31, 2019, respectively.</p>
insw Credit Losses Historical Period
CreditLossesHistoricalPeriod
P5Y
insw Credit Losses Outstanding Additional Period
CreditLossesOutstandingAdditionalPeriod
P180D
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1245000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1245000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
49000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1119000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
129000
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
46000
CY2020Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
600000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2200000
CY2019Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1300000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3700000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
13981000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-11095000
us-gaap Net Income Loss
NetIncomeLoss
111358000
us-gaap Net Income Loss
NetIncomeLoss
-16721000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27932928
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29249233
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28517037
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29217188
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28026005
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29249233
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28665961
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29217188
CY2020Q3 insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
13955000
CY2019Q3 insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-11095000
insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
111176000
insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-16721000
CY2020Q3 insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
26000
CY2019Q3 insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
0
insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
182000
insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
0
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
13981000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-11095000
us-gaap Net Income Loss
NetIncomeLoss
111358000
us-gaap Net Income Loss
NetIncomeLoss
-16721000
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
93077
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
148924
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Number Of Reportable Segments
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2
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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99883000
CY2020Q3 us-gaap Depreciation Depletion And Amortization
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19014000
CY2020Q3 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-12834000
CY2020Q3 insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
37075000
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5356000
CY2020Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
156589000
CY2020Q3 insw Adjusted Assets
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1553775000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
71278000
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18961000
CY2019Q3 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
1472000
CY2019Q3 insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
2116000
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8474000
CY2019Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
271655000
CY2019Q3 insw Adjusted Assets
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1699817000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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364945000
us-gaap Depreciation Depletion And Amortization
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56161000
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-14164000
insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
173939000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15672000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
46449000
insw Payments For Drydocking
PaymentsForDrydocking
15825000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
242162000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
56708000
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-28000
insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
29383000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
24559000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
9797000
insw Payments For Drydocking
PaymentsForDrydocking
13539000
CY2020Q3 insw Voyage Expenses
VoyageExpenses
5851000
CY2019Q3 insw Voyage Expenses
VoyageExpenses
5470000
insw Voyage Expenses
VoyageExpenses
15893000
insw Voyage Expenses
VoyageExpenses
19838000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
99883000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
71278000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
364945000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
242162000
CY2020Q3 insw Adjusted Assets
AdjustedAssets
1553775000
CY2019Q3 insw Adjusted Assets
AdjustedAssets
1699817000
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
137340000
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
68383000
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16314000
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
55839000
CY2020Q3 us-gaap Other Assets
OtherAssets
4884000
CY2019Q3 us-gaap Other Assets
OtherAssets
4510000
CY2020Q3 us-gaap Assets
Assets
1712313000
CY2019Q3 us-gaap Assets
Assets
1828549000
insw Number Of Vessels Marketed To Be Sold
NumberOfVesselsMarketedToBeSold
2
CY2020Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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11700000
CY2020Q1 insw Proceeds From Costs Sale Of Property Plant And Equipment
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1400000
us-gaap Loss On Contract Termination
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1200000
CY2020Q3 us-gaap Loss On Contract Termination
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1200000
CY2020Q3 insw Number Of Joint Ventures
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2
insw Condensed Summary Of Operations For Joint Ventures Approximate Interest Percentage
CondensedSummaryOfOperationsForJointVenturesApproximateInterestPercentage
0.50
CY2020Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
26392000
CY2019Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
58210000
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
78535000
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
163995000
CY2020Q3 insw Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
14333000
CY2019Q3 insw Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
32003000
insw Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
42814000
insw Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
86330000
CY2020Q3 insw Equity Method Investment Summarized Financial Information Operating Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncomeLoss
12059000
CY2019Q3 insw Equity Method Investment Summarized Financial Information Operating Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncomeLoss
26207000
insw Equity Method Investment Summarized Financial Information Operating Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncomeLoss
35721000
insw Equity Method Investment Summarized Financial Information Operating Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncomeLoss
77665000
CY2020Q3 insw Equity Method Investment Summarized Financial Information Other Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOtherIncomeLoss
-18000
CY2019Q3 insw Equity Method Investment Summarized Financial Information Other Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOtherIncomeLoss
462000
insw Equity Method Investment Summarized Financial Information Other Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOtherIncomeLoss
22000
insw Equity Method Investment Summarized Financial Information Other Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOtherIncomeLoss
1358000
CY2020Q3 insw Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
1570000
CY2019Q3 insw Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
9816000
insw Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
5165000
insw Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
30205000
CY2020Q3 insw Equity Method Investment Summarized Financial Information Income Tax Provision Benefit
EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxProvisionBenefit
955000
CY2019Q3 insw Equity Method Investment Summarized Financial Information Income Tax Provision Benefit
EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxProvisionBenefit
882000
insw Equity Method Investment Summarized Financial Information Income Tax Provision Benefit
EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxProvisionBenefit
2822000
insw Equity Method Investment Summarized Financial Information Income Tax Provision Benefit
EquityMethodInvestmentSummarizedFinancialInformationIncomeTaxProvisionBenefit
2551000
CY2020Q3 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
9516000
CY2019Q3 us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
15971000
us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
27756000
us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
46267000
CY2020Q3 insw Number Of Commercial Pools
NumberOfCommercialPools
5
CY2020Q3 insw Number Of Joint Ventures
NumberOfJointVentures
2
CY2020Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
153654000
CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
150243000
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16300000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
60600000
CY2020Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
25000000
CY2020Q2 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.0050
CY2020Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
-11700000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
661095000
CY2020Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
61483000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
70350000
CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
489194000
us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P24M
us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2021-03-05
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
550677000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
590745000
CY2020Q3 insw Debt Instrument Interest Expense Coverage Ratio
DebtInstrumentInterestExpenseCoverageRatio
2.25
CY2020Q3 insw Debt Instrument Covenant Limitation On Total Borrowings Percentage Of Total Assets
DebtInstrumentCovenantLimitationOnTotalBorrowingsPercentageOfTotalAssets
0.70
CY2020Q3 insw Debt Instrument Covenant Net Worth
DebtInstrumentCovenantNetWorth
600000000
CY2020Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
6800000
us-gaap Interest Expense Debt
InterestExpenseDebt
24100000
CY2019Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
17900000
us-gaap Interest Expense Debt
InterestExpenseDebt
44200000
CY2020Q3 insw Gains Losses On Repurchase And Extinguishment Of Debt
GainsLossesOnRepurchaseAndExtinguishmentOfDebt
-800000
insw Gains Losses On Repurchase And Extinguishment Of Debt
GainsLossesOnRepurchaseAndExtinguishmentOfDebt
-14300000
CY2020Q3 us-gaap Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
100000
CY2020Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2020-02-26
CY2020Q2 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2020-05-20
CY2020Q3 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2020-08-04
CY2020Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.06
CY2020Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.06
CY2020Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.06
CY2020Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1700000
CY2020Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
1700000
CY2020Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
1700000
CY2020Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-03-17
CY2020Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-06-08
CY2020Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-09-09
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1417292
insw Stock Repurchased Per Share Amount
StockRepurchasedPerShareAmount
21.16
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
30000000.0
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000.0
CY2020Q3 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P24M
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000.0
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2019Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2020Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2020Q3 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
-26781000
CY2019Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
-11732000
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
8555000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
8838000
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-35336000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-20570000
CY2020Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
3128000
CY2019Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
2113000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
5909000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
5667000
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
-9900000
insw Lease Cancellation Period Notice
LeaseCancellationPeriodNotice
P90D
insw Term Of Profit Sharing Arrangement
TermOfProfitSharingArrangement
P1Y
CY2020Q3 insw Profit Loss To Be Shared Percentage
ProfitLossToBeSharedPercentage
25
CY2020Q3 us-gaap Revenues
Revenues
99883000
CY2019Q3 us-gaap Revenues
Revenues
71278000
us-gaap Revenues
Revenues
364945000
us-gaap Revenues
Revenues
242162000
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2727000
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2020Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
2328000
CY2020Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
123000
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2020Q3 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
32000
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
47000
CY2019Q3 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
0
insw Contract With Customer Adjustment To Estimates Of Performance Obligations
ContractWithCustomerAdjustmentToEstimatesOfPerformanceObligations
-481000
insw Lessee Operating Lease Cancellation Period Notice
LesseeOperatingLeaseCancellationPeriodNotice
P180D
insw Number Of Major Categories Of Leases
NumberOfMajorCategoriesOfLeases
2
CY2020Q3 us-gaap Lease Cost
LeaseCost
3617000
CY2019Q3 us-gaap Lease Cost
LeaseCost
7236000
us-gaap Lease Cost
LeaseCost
13867000
us-gaap Lease Cost
LeaseCost
19971000
insw Excluded Vessels Chartered Period
ExcludedVesselsCharteredPeriod
P1M
us-gaap Operating Lease Payments
OperatingLeasePayments
10080000
us-gaap Operating Lease Payments
OperatingLeasePayments
11827000
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
24013000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
33718000
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9949000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12958000
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11593000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17953000
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
21542000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
30911000
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0720
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0716
CY2020Q1 insw Number Of Vessels Seized In Dispute
NumberOfVesselsSeizedInDispute
2

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