2020 Q4 Form 10-K Financial Statement

#000155837021002852 Filed on March 12, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $56.70M $124.0M $71.28M
YoY Change -54.28% 23.35% 16.99%
Cost Of Revenue $40.80M $43.70M $43.20M
YoY Change -6.64% -20.11% -21.17%
Gross Profit $15.90M $80.40M $28.00M
YoY Change -80.22% 75.55% 359.02%
Gross Profit Margin 28.04% 64.83% 39.28%
Selling, General & Admin $10.00M $14.50M $13.40M
YoY Change -31.03% 113.24% 148.15%
% of Gross Profit 62.89% 18.03% 47.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.10M $19.00M $18.96M
YoY Change -4.74% 1.6% -1.84%
% of Gross Profit 113.84% 23.63% 67.72%
Operating Expenses $28.20M $33.40M $32.40M
YoY Change -15.57% 30.98% 31.17%
Operating Profit -$98.19M $46.62M -$2.843M
YoY Change -310.62% 160.96% -92.11%
Interest Expense $7.823M $14.28M $17.01M
YoY Change -45.22% -21.55% -1.79%
% of Operating Profit 30.63%
Other Income/Expense, Net $700.0K -$2.000M $284.0K
YoY Change -135.0% -1100.0% 29.09%
Pretax Income -$116.9M $15.90M -$11.10M
YoY Change -835.22% 133.82% -76.79%
Income Tax $0.00 $1.000K $0.00
% Of Pretax Income 0.01%
Net Earnings -$116.9M $15.89M -$11.10M
YoY Change -835.57% 128.38% -76.78%
Net Earnings / Revenue -206.14% 12.81% -15.57%
Basic Earnings Per Share -$0.38
Diluted Earnings Per Share -$4.190M $542.7K -$0.38
COMMON SHARES
Basic Shares Outstanding 27.98M 29.25M
Diluted Shares Outstanding 29.25M

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.4M $89.70M $68.40M
YoY Change 122.3% 53.86% -25.25%
Cash & Equivalents $199.4M $89.67M $68.38M
Short-Term Investments
Other Short-Term Assets $6.000M $6.000M $5.300M
YoY Change 0.0% -6.25% -14.52%
Inventory $3.601M $3.896M $3.400M
Prepaid Expenses
Receivables $43.36M $83.85M $75.50M
Other Receivables $4.400M $4.000M $4.100M
Total Short-Term Assets $256.8M $187.3M $156.6M
YoY Change 37.09% 11.77% -13.39%
LONG-TERM ASSETS
Property, Plant & Equipment $1.108B $1.293B $1.341B
YoY Change -14.26% -2.88% -0.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $144.1M $153.3M $271.7M
YoY Change -6.0% -43.01% -2.44%
Other Assets $3.229M $2.934M $59.20M
YoY Change 10.05% -41.97% 1248.83%
Total Long-Term Assets $1.330B $1.566B $1.672B
YoY Change -15.1% -6.83% -1.99%
TOTAL ASSETS
Total Short-Term Assets $256.8M $187.3M $156.6M
Total Long-Term Assets $1.330B $1.566B $1.672B
Total Assets $1.587B $1.754B $1.829B
YoY Change -9.52% -5.14% -3.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.609M $4.988M $30.00M
YoY Change -47.69% 328.52% 19.52%
Accrued Expenses $8.900M $13.00M $13.50M
YoY Change -31.54%
Deferred Revenue $3.060M $272.0K
YoY Change 1025.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $61.48M $70.35M $51.00M
YoY Change -12.6% 36.46% -11.58%
Total Short-Term Liabilities $108.9M $114.5M $97.70M
YoY Change -4.87% 52.09% -6.53%
LONG-TERM LIABILITIES
Long-Term Debt $474.3M $590.7M $716.7M
YoY Change -19.71% -22.18% -6.96%
Other Long-Term Liabilities $14.86M $1.489M $32.00M
YoY Change 898.05% -39.03% 737.26%
Total Long-Term Liabilities $489.2M $592.2M $748.7M
YoY Change -17.4% -22.23% -3.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $108.9M $114.5M $97.70M
Total Long-Term Liabilities $489.2M $592.2M $748.7M
Total Liabilities $614.5M $731.2M $846.4M
YoY Change -15.96% -12.82% -3.67%
SHAREHOLDERS EQUITY
Retained Earnings -$275.8M -$270.3M
YoY Change 2.05% 0.31%
Common Stock $1.281B $1.313B
YoY Change -2.49% 0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $972.0M $1.022B $982.1M
YoY Change
Total Liabilities & Shareholders Equity $1.587B $1.754B $1.829B
YoY Change -9.52% -5.14% -3.09%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$116.9M $15.89M -$11.10M
YoY Change -835.57% 128.38% -76.78%
Depreciation, Depletion And Amortization $18.10M $19.00M $18.96M
YoY Change -4.74% 1.6% -1.84%
Cash From Operating Activities $17.30M $44.10M -$400.0K
YoY Change -60.77% -408.39% -95.18%
INVESTING ACTIVITIES
Capital Expenditures -$3.700M -$27.00M -$4.500M
YoY Change -86.3% 86.21% -28.57%
Acquisitions
YoY Change
Other Investing Activities $67.00M $122.4M $7.900M
YoY Change -45.26% 191.43% -22.55%
Cash From Investing Activities $63.40M $95.40M $3.400M
YoY Change -33.54% 246.91% -10.53%
FINANCING ACTIVITIES
Cash Dividend Paid $1.700M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.80M -113.5M -29.00M
YoY Change -83.44% 485.05% 98.63%
NET CHANGE
Cash From Operating Activities 17.30M 44.10M -400.0K
Cash From Investing Activities 63.40M 95.40M 3.400M
Cash From Financing Activities -18.80M -113.5M -29.00M
Net Change In Cash 61.90M 26.00M -26.00M
YoY Change 138.08% -519.35% 36.13%
FREE CASH FLOW
Cash From Operating Activities $17.30M $44.10M -$400.0K
Capital Expenditures -$3.700M -$27.00M -$4.500M
Free Cash Flow $21.00M $71.10M $4.100M
YoY Change -70.46% 35450.0% -305.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020 dei Entity Central Index Key
EntityCentralIndexKey
0001679049
CY2020 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2020 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2020 dei Amendment Flag
AmendmentFlag
false
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
28014877
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
29274452
CY2020Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseRightOfUseAsset
CY2020Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseLiabilityCurrent
CY2020Q4 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseLiabilityNoncurrent
CY2020Q4 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
us-gaap:OperatingLeaseLiability
CY2020 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P24M
CY2020 dei Document Type
DocumentType
10-K
CY2020 dei Document Annual Report
DocumentAnnualReport
true
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-31
CY2020 dei Document Transition Report
DocumentTransitionReport
false
CY2020 dei Entity File Number
EntityFileNumber
1-37836-1
CY2020 dei Entity Registrant Name
EntityRegistrantName
INTERNATIONAL SEAWAYS, INC.
CY2020 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
1T
CY2020 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
98-0467117
CY2020 dei Entity Address Address Line1
EntityAddressAddressLine1
600 Third Avenue
CY2020 dei Entity Address Address Line2
EntityAddressAddressLine2
39th Floor
CY2020 dei Entity Address City Or Town
EntityAddressCityOrTown
New York
CY2020 dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
CY2020 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
10016
CY2020 dei City Area Code
CityAreaCode
212
CY2020 dei Local Phone Number
LocalPhoneNumber
578-1600
CY2020 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2020 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2020 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2020 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2020 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
true
CY2020 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2020 dei Entity Small Business
EntitySmallBusiness
false
CY2020 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2020 dei Entity Ex Transition Period
EntityExTransitionPeriod
true
CY2020 dei Entity Shell Company
EntityShellCompany
false
CY2020Q2 dei Entity Public Float
EntityPublicFloat
385512676
CY2021Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
28014877
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
199390000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
89671000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
55000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1245000
CY2020Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
38430000
CY2019Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
74355000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
43362000
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
83845000
CY2020Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
4479000
CY2019Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
3938000
CY2020Q4 us-gaap Inventory Net
InventoryNet
3601000
CY2019Q4 us-gaap Inventory Net
InventoryNet
3896000
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6002000
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5994000
CY2020Q4 us-gaap Assets Current
AssetsCurrent
256834000
CY2019Q4 us-gaap Assets Current
AssetsCurrent
187344000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16287000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
60572000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1108214000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1292516000
CY2020Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
36334000
CY2019Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
23125000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21588000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
33718000
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
141924000
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
153292000
CY2020Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
2129000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3229000
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2934000
CY2020Q4 us-gaap Assets
Assets
1586539000
CY2019Q4 us-gaap Assets
Assets
1753501000
CY2020Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
34425000
CY2019Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
27554000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8867000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12958000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
61483000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
70350000
CY2020Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
4121000
CY2019Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
3614000
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
108896000
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
114476000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10253000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17953000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
474332000
CY2019 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1245000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
590745000
CY2020Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
6155000
CY2019Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
6545000
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
14861000
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1489000
CY2020Q4 us-gaap Liabilities
Liabilities
614497000
CY2019Q4 us-gaap Liabilities
Liabilities
731208000
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2019Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2020Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
28014877
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
29274452
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
1280501000
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
1313178000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-275846000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-270315000
CY2020Q4 insw Stockholders Equity Subtotal
StockholdersEquitySubtotal
1004655000
CY2019Q4 insw Stockholders Equity Subtotal
StockholdersEquitySubtotal
1042863000
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-32613000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-20570000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
972042000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1022293000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1586539000
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1753501000
CY2020 insw Equity Method Investment Summarized Financial Information Shipping Pool Revenue
EquityMethodInvestmentSummarizedFinancialInformationShippingPoolRevenue
194258000
CY2019 insw Equity Method Investment Summarized Financial Information Shipping Pool Revenue
EquityMethodInvestmentSummarizedFinancialInformationShippingPoolRevenue
165583000
CY2018 insw Equity Method Investment Summarized Financial Information Shipping Pool Revenue
EquityMethodInvestmentSummarizedFinancialInformationShippingPoolRevenue
94441000
CY2020 us-gaap Revenues
Revenues
421648000
CY2019 us-gaap Revenues
Revenues
366184000
CY2018 us-gaap Revenues
Revenues
270361000
CY2020 insw Voyage Expenses
VoyageExpenses
19643000
CY2019 insw Voyage Expenses
VoyageExpenses
26265000
CY2018 insw Voyage Expenses
VoyageExpenses
27261000
CY2020 insw Vessel Expenses
VesselExpenses
128373000
CY2019 insw Vessel Expenses
VesselExpenses
123205000
CY2018 insw Vessel Expenses
VesselExpenses
135003000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
30114000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
57512000
CY2018 us-gaap Operating Lease Cost
OperatingLeaseCost
44910000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
74343000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
75653000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72428000
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29047000
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26798000
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24304000
CY2020 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-71000
CY2020 us-gaap Recapitalization Costs
RecapitalizationCosts
232000
CY2019 us-gaap Recapitalization Costs
RecapitalizationCosts
30000
CY2018 us-gaap Recapitalization Costs
RecapitalizationCosts
1306000
CY2020 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-100087000
CY2019 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-308000
CY2018 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-19680000
CY2020 us-gaap Costs And Expenses
CostsAndExpenses
381768000
CY2019 us-gaap Costs And Expenses
CostsAndExpenses
311016000
CY2018 us-gaap Costs And Expenses
CostsAndExpenses
324892000
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
39880000
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
55168000
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
-54531000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4119000
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11213000
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
29432000
CY2020 insw Operating Income Loss Including Equity In Income Loss Of Affiliated Companies
OperatingIncomeLossIncludingEquityInIncomeLossOfAffiliatedCompanies
43999000
CY2019 insw Operating Income Loss Including Equity In Income Loss Of Affiliated Companies
OperatingIncomeLossIncludingEquityInIncomeLossOfAffiliatedCompanies
66381000
CY2018 insw Operating Income Loss Including Equity In Income Loss Of Affiliated Companies
OperatingIncomeLossIncludingEquityInIncomeLossOfAffiliatedCompanies
-25099000
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-12817000
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-943000
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3715000
CY2020 insw Loss Before Interest Expense Reorganization Items And Taxes
LossBeforeInterestExpenseReorganizationItemsAndTaxes
31182000
CY2019 insw Loss Before Interest Expense Reorganization Items And Taxes
LossBeforeInterestExpenseReorganizationItemsAndTaxes
65438000
CY2018 insw Loss Before Interest Expense Reorganization Items And Taxes
LossBeforeInterestExpenseReorganizationItemsAndTaxes
-28814000
CY2020 us-gaap Interest Expense
InterestExpense
36712000
CY2019 us-gaap Interest Expense
InterestExpense
66267000
CY2018 us-gaap Interest Expense
InterestExpense
60231000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5530000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-829000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-89045000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-105000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-5531000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-830000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-88940000
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
28372375
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
29225483
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
29136634
CY2020 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.20
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-3.05
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-5531000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-830000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-88940000
CY2020 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-12366000
CY2019 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
9788000
CY2018 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
7469000
CY2020 insw Payments For Drydocking
PaymentsForDrydocking
25642000
CY2019 insw Payments For Drydocking
PaymentsForDrydocking
19546000
CY2018 insw Payments For Drydocking
PaymentsForDrydocking
4520000
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-46000
CY2019 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-32000
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
13000
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
277000
CY2019 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-461000
CY2018 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
3022000
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-12043000
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9359000
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10478000
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-17574000
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8529000
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-78462000
CY2020 us-gaap Profit Loss
ProfitLoss
-5531000
CY2019 us-gaap Profit Loss
ProfitLoss
-830000
CY2018 us-gaap Profit Loss
ProfitLoss
-88940000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
74343000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
75653000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72428000
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
103022000
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
19037000
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2898000
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6920000
CY2018 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6212000
CY2020 insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
13073000
CY2019 insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
3558000
CY2018 insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
2400000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
5631000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
4278000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
3162000
CY2020 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
4013000
CY2019 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
30266000
CY2018 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
29201000
CY2019 insw Other Comprehensive Income Loss Released On Upon Sale Of Investment In Affiliated Company
OtherComprehensiveIncomeLossReleasedOnUponSaleOfInvestmentInAffiliatedCompany
-21615000
CY2020 us-gaap Increase Decrease In Other Financial Instruments Used In Operating Activities
IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities
-1271000
CY2019 us-gaap Increase Decrease In Other Financial Instruments Used In Operating Activities
IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities
923000
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1747000
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1461000
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-448000
CY2020 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
2935000
CY2019 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-308000
CY2018 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-643000
CY2019 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
3033000
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1197000
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1100000
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1295000
CY2020 insw Allocated General And Administrative Expenses Recorded As Capital Contributions
AllocatedGeneralAndAdministrativeExpensesRecordedAsCapitalContributions
4644000
CY2019 insw Allocated General And Administrative Expenses Recorded As Capital Contributions
AllocatedGeneralAndAdministrativeExpensesRecordedAsCapitalContributions
13855000
CY2018 insw Allocated General And Administrative Expenses Recorded As Capital Contributions
AllocatedGeneralAndAdministrativeExpensesRecordedAsCapitalContributions
43622000
CY2020Q4 insw Number Of Vessels In Fleet
NumberOfVesselsInFleet
36
CY2020Q4 insw Number Of Vessels Owned Including Joint Ventures
NumberOfVesselsOwnedIncludingJointVentures
33
CY2020 insw Payment To Acquire Vessels And Vessels Improvements
PaymentToAcquireVesselsAndVesselsImprovements
50049000
CY2020 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
5238000
CY2019 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
2179000
CY2018 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
5436000
CY2020 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-40483000
CY2019 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-10778000
CY2018 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
36436000
CY2020 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2995000
CY2019 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-25000
CY2018 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-893000
CY2020 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-2281000
CY2019 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
404000
CY2018 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-7173000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
216140000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
87486000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-12480000
CY2019 insw Payment To Acquire Vessels And Vessels Improvements
PaymentToAcquireVesselsAndVesselsImprovements
36607000
CY2018 insw Payment To Acquire Vessels And Vessels Improvements
PaymentToAcquireVesselsAndVesselsImprovements
148946000
CY2020 insw Proceeds From Costs Sale Of Property Plant And Equipment
ProceedsFromCostsSaleOfPropertyPlantAndEquipment
73121000
CY2019 insw Proceeds From Costs Sale Of Property Plant And Equipment
ProceedsFromCostsSaleOfPropertyPlantAndEquipment
15767000
CY2018 insw Proceeds From Costs Sale Of Property Plant And Equipment
ProceedsFromCostsSaleOfPropertyPlantAndEquipment
169292000
CY2020 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
507000
CY2019 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
574000
CY2018 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1096000
CY2019 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
122755000
CY2020 insw Payments To Repayments From Advances To Affiliate
PaymentsToRepaymentsFromAdvancesToAffiliate
-2347000
CY2019 insw Payments To Repayments From Advances To Affiliate
PaymentsToRepaymentsFromAdvancesToAffiliate
-2338000
CY2018 insw Payments To Repayments From Advances To Affiliate
PaymentsToRepaymentsFromAdvancesToAffiliate
-3679000
CY2020 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
7456000
CY2019 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
4195000
CY2018 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
100780000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
32368000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
107874000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
123709000
CY2020 insw Proceeds From Repayments Of Issuance Of Long Term Debt
ProceedsFromRepaymentsOfIssuanceOfLongTermDebt
362989000
CY2019 insw Proceeds From Repayments Of Issuance Of Long Term Debt
ProceedsFromRepaymentsOfIssuanceOfLongTermDebt
-100000
CY2018 insw Proceeds From Repayments Of Issuance Of Long Term Debt
ProceedsFromRepaymentsOfIssuanceOfLongTermDebt
70120000
CY2020 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
422699000
CY2019 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
110000000
CY2018 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
62069000
CY2020 insw Payment Of Premiums For Debt Extinguishment
PaymentOfPremiumsForDebtExtinguishment
205000
CY2019 insw Payment Of Premiums For Debt Extinguishment
PaymentOfPremiumsForDebtExtinguishment
2092000
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
82007000
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
49911000
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
71610000
CY2020 us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
2681000
CY2020 us-gaap Payments Of Dividends
PaymentsOfDividends
6770000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
29997000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1541000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
369000
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
410000
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-163000
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-289000
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-222000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-183074000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-162761000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-64191000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
65434000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
32599000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
47038000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
150243000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
117644000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
70606000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
215677000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
150243000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
117644000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1085654000
CY2018 us-gaap Profit Loss
ProfitLoss
-88940000
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10478000
CY2018 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
499000
CY2018 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
890000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1009855000
CY2019 us-gaap Profit Loss
ProfitLoss
-830000
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9359000
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
369000
CY2019 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
1062000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1022293000
CY2020 us-gaap Profit Loss
ProfitLoss
-5531000
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-12043000
CY2020 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
6770000
CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
1541000
CY2020 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
1074000
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
29997000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
972042000
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2020Q2 us-gaap Derivative Maturity Dates
DerivativeMaturityDates
2025-01-23
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16300000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
60600000
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-indent:-18pt;margin:0pt;">2.<i style="font-style:italic;">    </i><i style="font-style:italic;">Concentration of credit risk</i> — The Company is 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;padding-left:18pt;text-indent:-18pt;margin:0pt;"><span style="background-color:#ffff00;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 18pt;">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 </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 18pt;">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 0pt 0pt 18pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 18pt;">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 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 0pt 0pt 18pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><div style="padding-left:18pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:96.65%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:80.54%;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:1.37%;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:1.37%;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:16.69%;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:80.54%;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:1.37%;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:1.37%;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:16.69%;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 - Voyage Receivables</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:80.54%;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:1.37%;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:1.37%;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:16.69%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3.5pt 0pt 0pt;"> —</p></td></tr><tr><td style="vertical-align:middle;width:80.54%;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:1.37%;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:1.37%;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:16.69%;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 3.5pt 0pt 0pt;"> —</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:80.54%;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:1.37%;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:1.37%;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:16.69%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3.5pt 0pt 0pt;"> —</p></td></tr><tr><td style="vertical-align:middle;width:80.54%;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:1.37%;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:1.37%;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:16.69%;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 3.5pt 0pt 0pt;"> 1,245</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:80.54%;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:1.37%;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:1.37%;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:16.69%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3.5pt 0pt 0pt;"> 1,245</p></td></tr><tr><td style="vertical-align:middle;width:80.54%;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:1.37%;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:1.37%;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:16.69%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3.5pt 0pt 0pt;"> 58</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:80.54%;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:1.37%;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:1.37%;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:16.69%;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></tr><tr><td style="vertical-align:middle;width:80.54%;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:1.37%;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:1.37%;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:16.69%;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></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:80.54%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at December 31, 2020</p></td><td style="background-color:#cceeff;vertical-align:middle;white-space:nowrap;width:1.37%;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:1.37%;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:16.69%;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 3.5pt 0pt 0pt;"> 55</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 18pt;"><span style="background-color:#ffff00;margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 18pt;">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 0pt 0pt 18pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 18pt;">During the year ended December 31, 2020, 2019 and 2018, 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 88% of consolidated voyage receivables at December 31, 2020 and December 31, 2019, respectively.</p>
CY2020 insw Credit Losses Historical Period
CreditLossesHistoricalPeriod
P5Y
CY2020 insw Credit Losses Outstanding Additional Period
CreditLossesOutstandingAdditionalPeriod
P180D
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1245000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1245000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
58000
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1119000
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
129000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
55000
CY2020Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.1075
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2800000
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4800000
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3900000
CY2020 insw Collateralized Basis Percentage Benchmark Used In Determining Borrowing Rate
CollateralizedBasisPercentageBenchmarkUsedInDeterminingBorrowingRate
1
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-indent:-18pt;margin:0pt;">13.<i style="font-style:italic;">  Use of estimates</i> —The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts of assets, liabilities, equity, revenues and expenses reported in the financial statements and accompanying notes. The most significant estimates relate to the depreciation of vessels and other property, amortization of drydocking costs, judgments involved in identifying performance obligations in revenue contracts, estimating the amount of variable consideration to include in the transaction price, and allocating the transaction price to each performance obligation, estimates used in assessing the recoverability of equity method investments and other long-lived assets, liabilities incurred relating to pension benefits, and income taxes. Actual results could differ from those estimates.</p>
CY2020 insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-5544000
CY2019 insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-830000
CY2018 insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-88940000
CY2020 insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
13000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-5531000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-830000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-88940000
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
962205
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
746616
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
523544
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
421648000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
74343000
CY2020 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-100087000
CY2020 insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
169175000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4119000
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
141924000
CY2020Q4 insw Adjusted Assets
AdjustedAssets
1366332000
CY2020 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
50049000
CY2020 insw Payments For Drydocking
PaymentsForDrydocking
25642000
CY2020Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
612000
CY2019Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
548000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
1950000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
1797000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4735000
CY2018Q4 insw Adjusted Assets
AdjustedAssets
1726437000
CY2018 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
148946000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
366184000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
75653000
CY2019 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-308000
CY2019 insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
83549000
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11213000
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
153292000
CY2019Q4 insw Adjusted Assets
AdjustedAssets
1597694000
CY2019 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
36607000
CY2019 insw Payments For Drydocking
PaymentsForDrydocking
19546000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
270361000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72428000
CY2018 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-19680000
CY2018 insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
-9241000
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
29432000
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
268322000
CY2018 insw Payments For Drydocking
PaymentsForDrydocking
4520000
CY2020 insw Voyage Expenses
VoyageExpenses
19643000
CY2019 insw Voyage Expenses
VoyageExpenses
26265000
CY2018 insw Voyage Expenses
VoyageExpenses
27261000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
421648000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
366184000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
270361000
CY2020Q4 insw Adjusted Assets
AdjustedAssets
1366332000
CY2019Q4 insw Adjusted Assets
AdjustedAssets
1597694000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
199390000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
89671000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16287000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
60572000
CY2020Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
36334000
CY2019Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
23125000
CY2018Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
16773000
CY2020Q4 us-gaap Other Assets
OtherAssets
4530000
CY2019Q4 us-gaap Other Assets
OtherAssets
5564000
CY2020Q4 us-gaap Assets
Assets
1586539000
CY2019Q4 us-gaap Assets
Assets
1753501000
CY2020Q4 insw Vessels Deferred Dry Dock And Other Property
VesselsDeferredDryDockAndOtherProperty
1144548000
CY2019Q4 insw Vessels Deferred Dry Dock And Other Property
VesselsDeferredDryDockAndOtherProperty
1315641000
CY2018Q4 insw Vessels Deferred Dry Dock And Other Property
VesselsDeferredDryDockAndOtherProperty
1347568000
CY2020 insw Number Of Vessels Used As Collateral On Debt
NumberOfVesselsUsedAsCollateralOnDebt
20
CY2020Q4 insw Number Of Vessels Marketed To Be Sold
NumberOfVesselsMarketedToBeSold
2
CY2018Q4 insw Number Of Vessels With Impairment Triggering Events
NumberOfVesselsWithImpairmentTriggeringEvents
3
CY2018Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
16400000
CY2018Q4 insw Liability Related To Asset Acquisition
LiabilityRelatedToAssetAcquisition
20900000
CY2020 us-gaap Loss On Contract Termination
LossOnContractTermination
1600000
CY2019Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
23125000
CY2018Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
16773000
CY2017Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
30528000
CY2020 insw Drydock Expenditures Additions
DrydockExpendituresAdditions
27835000
CY2019 insw Drydock Expenditures Additions
DrydockExpendituresAdditions
21086000
CY2018 insw Drydock Expenditures Additions
DrydockExpendituresAdditions
5616000
CY2020 insw Deferred Drydock Expenditures Net Subtotal
DeferredDrydockExpendituresNetSubtotal
50960000
CY2019 insw Deferred Drydock Expenditures Net Subtotal
DeferredDrydockExpendituresNetSubtotal
37859000
CY2018 insw Deferred Drydock Expenditures Net Subtotal
DeferredDrydockExpendituresNetSubtotal
36144000
CY2020Q4 insw Accumulated Amortization Deferred Dry Docking Cost
AccumulatedAmortizationDeferredDryDockingCost
11780000
CY2019Q4 insw Accumulated Amortization Deferred Dry Docking Cost
AccumulatedAmortizationDeferredDryDockingCost
14685000
CY2018Q4 insw Accumulated Amortization Deferred Dry Docking Cost
AccumulatedAmortizationDeferredDryDockingCost
15084000
CY2020 insw Gain Loss On Disposal Of Assets And Other Non Cash Charges
GainLossOnDisposalOfAssetsAndOtherNonCashCharges
-2846000
CY2019 insw Gain Loss On Disposal Of Assets And Other Non Cash Charges
GainLossOnDisposalOfAssetsAndOtherNonCashCharges
-49000
CY2018 insw Gain Loss On Disposal Of Assets And Other Non Cash Charges
GainLossOnDisposalOfAssetsAndOtherNonCashCharges
-4287000
CY2020Q4 insw Number Of Commercial Pools
NumberOfCommercialPools
5
CY2020Q4 insw Number Of Joint Ventures
NumberOfJointVentures
2
CY2020 insw Number Of Arrangements Reviewed For Variable Interest Entity Consideration
NumberOfArrangementsReviewedForVariableInterestEntityConsideration
7
CY2020 insw Gains Losses On Repurchase And Extinguishment Of Debt
GainsLossesOnRepurchaseAndExtinguishmentOfDebt
-14300000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16300000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
60600000
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
500000
CY2020Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
25000000
CY2020Q2 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.0050
CY2019 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2609000
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
4988000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6293000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5585000
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
370000
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
594000
CY2020Q4 insw Derivative Liability Related To Hybrid Instrument
DerivativeLiabilityRelatedToHybridInstrument
2979000
CY2019Q4 insw Derivative Liability Related To Hybrid Instrument
DerivativeLiabilityRelatedToHybridInstrument
0
CY2020Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
787000
CY2019Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
1108000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6247000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3150000
CY2020Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
656000
CY2019Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
538000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3060000
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
272000
CY2020Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
493000
CY2019Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
539000
CY2020Q4 insw Accrued Vessel Expenses1
AccruedVesselExpenses1
8779000
CY2019Q4 insw Accrued Vessel Expenses1
AccruedVesselExpenses1
8003000
CY2020Q4 insw Accrued General And Administrative Expenses
AccruedGeneralAndAdministrativeExpenses
940000
CY2019Q4 insw Accrued General And Administrative Expenses
AccruedGeneralAndAdministrativeExpenses
1052000
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1212000
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1725000
CY2020Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
34425000
CY2019Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
27554000
CY2020Q4 insw Percent Of Shipping Income Subject To U.S.Federal Taxation
PercentOfShippingIncomeSubjectToU.s.FederalTaxation
0.04
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4181000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4735000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-105000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-105000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2173000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1836000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4181000
CY2020Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
11400000
CY2019Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
10800000
CY2020Q4 insw Indefinite Lived Net Operating Loss Carryforwards
IndefiniteLivedNetOperatingLossCarryforwards
11400000
CY2020Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
4700000
CY2019Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
4200000
CY2020 insw Increased Decreased In Valuation Allowance
IncreasedDecreasedInValuationAllowance
500000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7000
CY2020Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
7000
CY2019Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
5000
CY2020Q3 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
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
CY2020Q4 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2020-10-28
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
CY2020Q4 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
CY2020Q4 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
CY2020Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2020-12-08
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
75894
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
21589
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
28002
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
20.31
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
17.07
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
17.81
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000.0
CY2020 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2021-03-05
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1417292
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
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 Expiration Date
StockRepurchaseProgramExpirationDate
2022-08-04
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000.0
CY2020Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000.0
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
CY2018 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
CY2019 insw Stock Options Compensation Expense Income
StockOptionsCompensationExpenseIncome
1100000
CY2018 insw Stock Options Compensation Expense Income
StockOptionsCompensationExpenseIncome
900000
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y1M24D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y2M12D
CY2020 us-gaap Restricted Stock Expense
RestrictedStockExpense
4600000
CY2019 us-gaap Restricted Stock Expense
RestrictedStockExpense
3200000
CY2018 us-gaap Restricted Stock Expense
RestrictedStockExpense
2300000
CY2020 insw Stock Options Compensation Expense Income
StockOptionsCompensationExpenseIncome
1100000
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
4800000
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M24D
CY2020Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
-24098000
CY2019Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
-11732000
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
8515000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
8838000
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-32613000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-20570000
CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-9521000
CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-29303000
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-11058000
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
1400000
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditAfterTax
1000000.0
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-8900000
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
-7500000
CY2020 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
-9600000
CY2020 insw Lease Cancellation Period Notice
LeaseCancellationPeriodNotice
P90D
CY2020 insw Term Of Profit Sharing Arrangement
TermOfProfitSharingArrangement
P1Y
CY2020 insw Profit Loss To Be Shared Percentage
ProfitLossToBeSharedPercentage
25
CY2020 us-gaap Revenues
Revenues
421648000
CY2019 us-gaap Revenues
Revenues
366184000
CY2018 us-gaap Revenues
Revenues
270361000
CY2020Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
2727000
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2148000
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
166000
CY2020 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
47000
CY2019 insw Contract With Customer Adjustment To Estimates Of Performance Obligations
ContractWithCustomerAdjustmentToEstimatesOfPerformanceObligations
493000
CY2020Q4 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
0
CY2020 insw Lessee Operating Lease Cancellation Period Notice
LesseeOperatingLeaseCancellationPeriodNotice
P180D
CY2020 us-gaap Lease Cost
LeaseCost
17492000
CY2019 us-gaap Lease Cost
LeaseCost
27198000
CY2020 insw Excluded Vessels Chartered Period
ExcludedVesselsCharteredPeriod
P1M
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
12878000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
16178000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21588000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
33718000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8867000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12958000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10253000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17953000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
19120000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
30911000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M26D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0721
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0716
CY2020Q1 insw Number Of Vessels Seized In Dispute
NumberOfVesselsSeizedInDispute
2
CY2020 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
525000
CY2019 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
657000
CY2018 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
707000
CY2020 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1018000
CY2019 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1017000
CY2018 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1029000
CY2020 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
75000
CY2019 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
74000
CY2018 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
71000
CY2020 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-310000
CY2019 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-315000
CY2018 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-388000
CY2018 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-1442000
CY2020 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-108000
CY2019 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
29000
CY2018 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1579000
CY2020 insw Defined Benefit Plan Unrecognized Actuarial Losses Amortization Period
DefinedBenefitPlanUnrecognizedActuarialLossesAmortizationPeriod
P19Y
CY2020Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0120
CY2019Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0200
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0200
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0280
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0240
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0389
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0446
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0385
CY2020Q1 us-gaap Interest Expense
InterestExpense
12009000
CY2020Q2 us-gaap Interest Expense
InterestExpense
8881000
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
865000
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
866000
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
895000
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
1022000
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
1126000
CY2020Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
5452000
CY2020Q4 insw Defined Benefit Plan Expected Future Benefit Payments
DefinedBenefitPlanExpectedFutureBenefitPayments
10226000
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
31219000
CY2020Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1
CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
400000
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
400000
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
400000
CY2020Q3 us-gaap Interest Expense
InterestExpense
7999000
CY2020Q4 us-gaap Interest Expense
InterestExpense
7823000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
33019000
CY2020 us-gaap Investment Income Interest
InvestmentIncomeInterest
558000
CY2019 us-gaap Investment Income Interest
InvestmentIncomeInterest
2520000
CY2018 us-gaap Investment Income Interest
InvestmentIncomeInterest
1300000
CY2020 insw Other Net Actuarial Gain Loss Related To Pension
OtherNetActuarialGainLossRelatedToPension
633000
CY2019 insw Other Net Actuarial Gain Loss Related To Pension
OtherNetActuarialGainLossRelatedToPension
628000
CY2018 insw Other Net Actuarial Gain Loss Related To Pension
OtherNetActuarialGainLossRelatedToPension
-902000
CY2020 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
13073000
CY2019 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
3558000
CY2018 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
2400000
CY2020 us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
-1197000
CY2019 us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
-1100000
CY2018 us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
-1295000
CY2020 insw Other Other Income Expense
OtherOtherIncomeExpense
262000
CY2019 insw Other Other Income Expense
OtherOtherIncomeExpense
567000
CY2018 insw Other Other Income Expense
OtherOtherIncomeExpense
-418000
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-12817000
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-943000
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3715000
CY2020Q1 us-gaap Revenues
Revenues
125337000
CY2020Q2 us-gaap Revenues
Revenues
139725000
CY2020Q3 us-gaap Revenues
Revenues
99883000
CY2020Q4 us-gaap Revenues
Revenues
56703000
CY2020Q1 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
2804000
CY2020Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-4134000
CY2020Q3 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-12834000
CY2020Q4 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-85923000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
64358000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
13981000
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
53349000
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
67892000
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
16832000
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-98193000
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5111000
CY2020Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5205000
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5356000
CY2020Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-11553000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
-116889000
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.13
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
2.26
CY2020Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.50
CY2020Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-4.18
CY2020Q4 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
85900000
CY2019Q1 us-gaap Revenues
Revenues
101874000
CY2019Q2 us-gaap Revenues
Revenues
69010000
CY2019Q3 us-gaap Revenues
Revenues
71278000
CY2019Q4 us-gaap Revenues
Revenues
124022000
CY2019Q1 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
48000
CY2019Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-1548000
CY2019Q3 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
1472000
CY2019Q4 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-280000
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
19324000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-7934000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2843000
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
46621000
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8070000
CY2019Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8015000
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8474000
CY2019Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-13346000
CY2019Q1 us-gaap Interest Expense
InterestExpense
17533000
CY2019Q2 us-gaap Interest Expense
InterestExpense
17443000
CY2019Q3 us-gaap Interest Expense
InterestExpense
17010000
CY2019Q4 us-gaap Interest Expense
InterestExpense
14281000
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
10897000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-16523000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-11095000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
15891000
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.37
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.57
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.38
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.54

Files In Submission

Name View Source Status
0001558370-21-002852-index-headers.html Edgar Link pending
0001558370-21-002852-index.html Edgar Link pending
0001558370-21-002852.txt Edgar Link pending
0001558370-21-002852-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
insw-20201231.xsd Edgar Link pending
insw-20201231x10k.htm Edgar Link pending
insw-20201231x10k005.jpg Edgar Link pending
insw-20201231x10k_htm.xml Edgar Link completed
insw-20201231xex10d5d1.htm Edgar Link pending
insw-20201231xex10d5d1001.jpg Edgar Link pending
insw-20201231xex10d5d1002.jpg Edgar Link pending
insw-20201231xex21.htm Edgar Link pending
insw-20201231xex23.htm Edgar Link pending
insw-20201231xex31d1.htm Edgar Link pending
insw-20201231xex31d2.htm Edgar Link pending
insw-20201231xex32.htm Edgar Link pending
insw-20201231_cal.xml Edgar Link unprocessable
insw-20201231_def.xml Edgar Link unprocessable
insw-20201231_lab.xml Edgar Link unprocessable
insw-20201231_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R100.htm Edgar Link pending
R101.htm Edgar Link pending
R102.htm Edgar Link pending
R103.htm Edgar Link pending
R104.htm Edgar Link pending
R105.htm Edgar Link pending
R106.htm Edgar Link pending
R107.htm Edgar Link pending
R108.htm Edgar Link pending
R109.htm Edgar Link pending
R11.htm Edgar Link pending
R110.htm Edgar Link pending
R111.htm Edgar Link pending
R112.htm Edgar Link pending
R113.htm Edgar Link pending
R114.htm Edgar Link pending
R115.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
R98.htm Edgar Link pending
R99.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending