$INSW
International Seaways, Inc.

2021 Q2 Form 10-Q Financial Statement

#000155837021010882 Filed on August 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q2
Revenue $46.30M $46.76M $139.7M
YoY Change -66.86% -62.7% 102.47%
Cost Of Revenue $32.81M $31.20M $39.20M
YoY Change -16.29% -27.78% -11.11%
Gross Profit $13.49M $15.60M $100.5M
YoY Change -86.58% -81.0% 303.61%
Gross Profit Margin 29.13% 33.36% 71.93%
Selling, General & Admin $9.341M $10.60M $9.700M
YoY Change -3.7% -18.46% -22.4%
% of Gross Profit 69.24% 67.95% 9.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.08M $16.75M $18.88M
YoY Change -9.54% -8.28% 0.33%
% of Gross Profit 126.6% 107.4% 18.79%
Operating Expenses $26.42M $27.40M $28.50M
YoY Change -7.29% -12.74% -8.95%
Operating Profit -$17.42M -$11.85M $67.89M
YoY Change -125.66% -122.2% -955.71%
Interest Expense $7.006M $7.280M $8.881M
YoY Change -21.11% -39.38% -49.09%
% of Operating Profit 13.08%
Other Income/Expense, Net $267.0K $292.0K $143.0K
YoY Change 86.71% -102.17% -82.96%
Pretax Income -$18.78M -$13.37M $64.36M
YoY Change -129.18% -140.48% -489.51%
Income Tax $1.000K $0.00 $1.000K
% Of Pretax Income 0.0%
Net Earnings -$18.78M -$13.37M $64.36M
YoY Change -129.19% -140.48% -489.51%
Net Earnings / Revenue -40.56% -28.58% 46.06%
Basic Earnings Per Share -$0.67 -$0.48 $2.26
Diluted Earnings Per Share -$0.67 -$0.48 $2.24
COMMON SHARES
Basic Shares Outstanding 28.05M 28.02M 28.47M
Diluted Shares Outstanding 28.05M 28.02M 28.64M

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $117.4M $156.2M $128.1M
YoY Change -8.36% 67.42% 39.69%
Cash & Equivalents $117.4M $156.2M $128.1M
Short-Term Investments
Other Short-Term Assets $35.51M $9.400M $6.400M
YoY Change 454.86% 9.3% -7.25%
Inventory $2.103M $2.271M $1.878M
Prepaid Expenses
Receivables $50.98M $46.10M $100.9M
Other Receivables $6.324M $7.500M $5.000M
Total Short-Term Assets $212.3M $221.4M $242.2M
YoY Change -12.35% 2.69% 32.51%
LONG-TERM ASSETS
Property, Plant & Equipment $1.056B $1.098B $1.287B
YoY Change -18.0% -18.87% -4.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $149.6M $153.4M $155.2M
YoY Change -3.62% 1.32% -41.65%
Other Assets $7.519M $5.857M $3.156M
YoY Change 138.24% -71.57% -95.36%
Total Long-Term Assets $1.307B $1.331B $1.517B
YoY Change -13.86% -12.75% -9.85%
TOTAL ASSETS
Total Short-Term Assets $212.3M $221.4M $242.2M
Total Long-Term Assets $1.307B $1.331B $1.517B
Total Assets $1.519B $1.552B $1.759B
YoY Change -13.65% -10.84% -5.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.45M $24.50M $29.40M
YoY Change 0.18% -25.53% -14.53%
Accrued Expenses $7.226M $7.800M $10.40M
YoY Change -30.52% -27.1% -9.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $61.48M $61.48M $81.48M
YoY Change -24.54% -24.56% 41.22%
Total Short-Term Liabilities $102.1M $97.73M $130.5M
YoY Change -21.78% -26.3% 23.74%
LONG-TERM LIABILITIES
Long-Term Debt $444.6M $459.5M $523.4M
YoY Change -15.06% -15.4% -28.96%
Other Long-Term Liabilities $13.41M $14.13M $1.249M
YoY Change 973.66% -59.97% -95.46%
Total Long-Term Liabilities $458.0M $473.6M $524.7M
YoY Change -12.71% -18.12% -31.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $102.1M $97.73M $130.5M
Total Long-Term Liabilities $458.0M $473.6M $524.7M
Total Liabilities $571.4M $584.3M $686.9M
YoY Change -16.81% -17.82% -21.04%
SHAREHOLDERS EQUITY
Retained Earnings -$308.0M -$289.2M -$172.9M
YoY Change 78.1%
Common Stock $1.278B $1.279B $1.281B
YoY Change -0.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $947.5M $967.8M $1.072B
YoY Change
Total Liabilities & Shareholders Equity $1.519B $1.552B $1.759B
YoY Change -13.65% -10.84% -5.7%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q2
OPERATING ACTIVITIES
Net Income -$18.78M -$13.37M $64.36M
YoY Change -129.19% -140.48% -489.51%
Depreciation, Depletion And Amortization $17.08M $16.75M $18.88M
YoY Change -9.54% -8.28% 0.33%
Cash From Operating Activities -$1.518M -$21.01M $89.40M
YoY Change -101.7% -154.82% 351.52%
INVESTING ACTIVITIES
Capital Expenditures -$20.90M -$3.500M -$12.20M
YoY Change 71.32% -87.97% 408.33%
Acquisitions
YoY Change
Other Investing Activities $3.236M $100.0K -$500.0K
YoY Change -747.2% -99.29% -105.62%
Cash From Investing Activities -$17.67M -$3.417M -$12.60M
YoY Change 40.2% -77.46% -296.88%
FINANCING ACTIVITIES
Cash Dividend Paid $1.700M $1.681M $1.700M
YoY Change 0.0% -1.12%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $15.37M
YoY Change -50.25%
Cash From Financing Activities -19.63M -18.85M -42.60M
YoY Change -53.92% -70.11% 225.19%
NET CHANGE
Cash From Operating Activities -1.518M -21.01M 89.40M
Cash From Investing Activities -17.67M -3.417M -12.60M
Cash From Financing Activities -19.63M -18.85M -42.60M
Net Change In Cash -38.81M -43.28M 34.20M
YoY Change -213.49% 8.42% 161.07%
FREE CASH FLOW
Cash From Operating Activities -$1.518M -$21.01M $89.40M
Capital Expenditures -$20.90M -$3.500M -$12.20M
Free Cash Flow $19.38M -$17.51M $101.6M
YoY Change -80.92% -125.97% 357.66%

Facts In Submission

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CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28051946
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28469969
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28037957
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28051946
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28037957
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28989146
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.37
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.67
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.35
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-18783000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
64358000
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
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CY2020Q2 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
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us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
9822000
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
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CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
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CY2020Q2 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
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CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
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CY2020Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
56000
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
577000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-523000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1119000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-15511000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-19306000
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
63239000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-22452000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
81866000
us-gaap Profit Loss
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-32148000
us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3497000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
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us-gaap Amortization Of Financing Costs And Discounts
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1077000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1708000
insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
0
insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
12501000
us-gaap Share Based Compensation
ShareBasedCompensation
2263000
us-gaap Share Based Compensation
ShareBasedCompensation
2503000
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
10843000
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
10209000
us-gaap Increase Decrease In Other Financial Instruments Used In Operating Activities
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0
us-gaap Increase Decrease In Other Financial Instruments Used In Operating Activities
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insw Registration Statement Costs Write Offs Operating Activities
RegistrationStatementCostsWriteOffsOperatingActivities
694000
insw Registration Statement Costs Write Offs Operating Activities
RegistrationStatementCostsWriteOffsOperatingActivities
0
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-512000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-519000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
4139000
us-gaap Gains Losses On Extinguishment Of Debt
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0
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1014000
insw Allocated General And Administrative Expenses Recorded As Capital Contributions
AllocatedGeneralAndAdministrativeExpensesRecordedAsCapitalContributions
3625000
insw Allocated General And Administrative Expenses Recorded As Capital Contributions
AllocatedGeneralAndAdministrativeExpensesRecordedAsCapitalContributions
5250000
insw Payments For Drydocking
PaymentsForDrydocking
14720000
insw Payments For Drydocking
PaymentsForDrydocking
12513000
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
710000
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
570000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
7619000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
17031000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-2995000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2970000
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-1242000
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
3290000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-22518000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
127690000
insw Payment To Acquire Vessels And Vessels Improvements
PaymentToAcquireVesselsAndVesselsImprovements
24130000
insw Payment To Acquire Vessels And Vessels Improvements
PaymentToAcquireVesselsAndVesselsImprovements
40949000
insw Proceeds From Costs Sale Of Property Plant And Equipment
ProceedsFromCostsSaleOfPropertyPlantAndEquipment
3431000
insw Proceeds From Costs Sale Of Property Plant And Equipment
ProceedsFromCostsSaleOfPropertyPlantAndEquipment
13578000
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
271000
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
348000
insw Payments To Repayments From Advances To Affiliate
PaymentsToRepaymentsFromAdvancesToAffiliate
95000
insw Payments To Repayments From Advances To Affiliate
PaymentsToRepaymentsFromAdvancesToAffiliate
46000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21065000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-27765000
insw Proceeds From Repayments Of Issuance Of Long Term Debt
ProceedsFromRepaymentsOfIssuanceOfLongTermDebt
-49000
insw Proceeds From Repayments Of Issuance Of Long Term Debt
ProceedsFromRepaymentsOfIssuanceOfLongTermDebt
362989000
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
382699000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
30742000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
51266000
us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
2623000
us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
0
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
717000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
122000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
29997000
us-gaap Payments Of Dividends
PaymentsOfDividends
3369000
us-gaap Payments Of Dividends
PaymentsOfDividends
3412000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1030000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1200000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-38530000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-105707000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-82113000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5782000
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
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
133564000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
144461000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
972042000
us-gaap Profit Loss
ProfitLoss
-32148000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9696000
us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
3369000
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
1030000
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
611000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
947454000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1022293000
us-gaap Profit Loss
ProfitLoss
97377000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-15511000
us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
3412000
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
1200000
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
508000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
29997000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
1072053000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
967763000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-18783000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-523000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
1688000
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
541000
CY2021Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
318000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
947454000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
1029680000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
64358000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1119000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
1683000
CY2020Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
495000
CY2020Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
286000
CY2020Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
19985000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
1072053000
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber
5035
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16200000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16300000
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">Concentration of Credit Risk</i> <b style="font-weight:bold;">— </b>The allowance for credit losses is recognized as an allowance or contra-asset and reflects our best estimate of probable losses inherent in the voyage receivables balance. Provisions for credit losses associated with voyage receivables are included in provision for credit losses on the condensed consolidated statements of operations. Activity for allowance for credit losses is summarized as follows:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:77.87%;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:1.89%;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:1.89%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:50%;transform:translate(0,-50%);width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;width:18.32%;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:77.87%;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:1.89%;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:1.89%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;width:18.32%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Allowance for Credit Losses - <br/>Voyage Receivables</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:77.87%;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;width:1.89%;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:1.89%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:18.32%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 55</p></td></tr><tr><td style="vertical-align:middle;width:77.87%;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:1.89%;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:1.89%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:18.32%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 43</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:77.87%;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:1.89%;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:1.89%;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="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:18.32%;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)</p></td></tr><tr><td style="vertical-align:middle;width:77.87%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at June 30, 2021</p></td><td style="vertical-align:middle;white-space:nowrap;width:1.89%;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:1.89%;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="vertical-align:middle;white-space:nowrap;width:18.32%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 95</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">We are also exposed to credit losses from off-balance sheet exposures related to guarantees of joint venture debt. See Note 7, “Equity Method Investments,” for more information on these off-balance sheet exposures.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">During the three and six months ended June 30, 2021 and 2020, the Company did not have any individual customers who accounted for 10% or more of its revenues apart from the pools in which it participates. The pools in which the Company participates accounted in aggregate for 94% and 88% of consolidated voyage receivables at June 30, 2021 and December 31, 2020, respectively.</p>
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
55000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
43000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
95000
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
500000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000.0
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
58000
CY2021Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
58000
CY2021Q2 insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-18785000
CY2020Q2 insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
64272000
insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
-32154000
insw Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
97227000
CY2021Q2 insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
2000
CY2020Q2 insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
86000
insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
6000
insw Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted
150000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-18783000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
64358000
us-gaap Net Income Loss
NetIncomeLoss
-32148000
us-gaap Net Income Loss
NetIncomeLoss
97377000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
169811
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
176847
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46304000
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17079000
CY2021Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-4005000
CY2021Q2 insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
-6101000
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5375000
CY2021Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
149580000
CY2021Q2 insw Adjusted Assets
AdjustedAssets
1374117000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
139725000
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18880000
CY2020Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-4134000
CY2020Q2 insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
78591000
CY2020Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5205000
CY2020Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
155191000
CY2020Q2 insw Adjusted Assets
AdjustedAssets
1609765000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
93060000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33833000
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-4016000
insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
-9754000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
10843000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
24130000
insw Payments For Drydocking
PaymentsForDrydocking
14720000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
265062000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
37147000
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-1330000
insw Operating Income Loss Allocable To Segments
OperatingIncomeLossAllocableToSegments
136864000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
10316000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
40949000
insw Payments For Drydocking
PaymentsForDrydocking
12513000
CY2021Q2 insw Voyage Expenses
VoyageExpenses
1586000
CY2020Q2 insw Voyage Expenses
VoyageExpenses
4436000
insw Voyage Expenses
VoyageExpenses
3173000
insw Voyage Expenses
VoyageExpenses
10042000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46304000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
139725000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
93060000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
265062000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117391000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
128063000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16173000
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16398000
CY2021Q2 us-gaap Other Assets
OtherAssets
11184000
CY2020Q2 us-gaap Other Assets
OtherAssets
4730000
CY2021Q2 us-gaap Assets
Assets
1518865000
CY2021Q2 insw Adjusted Assets
AdjustedAssets
1374117000
CY2020Q2 insw Adjusted Assets
AdjustedAssets
1609765000
CY2020Q2 us-gaap Assets
Assets
1758956000
CY2021Q2 insw Number Of Joint Ventures
NumberOfJointVentures
2
CY2021Q2 insw Number Of Commercial Pools
NumberOfCommercialPools
5
CY2021Q2 insw Number Of Joint Ventures
NumberOfJointVentures
2
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
166000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
CY2021Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
3107000
CY2021Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
133564000
CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
215677000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16200000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16300000
CY2020Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
25000000
CY2020Q2 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.0050
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1700000
CY2021Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
1700000
CY2021Q1 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2021-03-26
CY2021Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2021-06-28
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-03-11
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
506049000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
535815000
CY2021Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
61483000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
61483000
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
444566000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
474332000
us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
The Company was in compliance with the financial and non-financial covenants under all of its debt facilities as of June 30, 2021.
CY2020Q3 insw Debt Instrument Interest Expense Coverage Ratio
DebtInstrumentInterestExpenseCoverageRatio
2.50
CY2021Q2 insw Debt Instrument Covenant Limitation On Total Borrowings Percentage Of Total Assets
DebtInstrumentCovenantLimitationOnTotalBorrowingsPercentageOfTotalAssets
0.70
CY2021Q2 insw Debt Instrument Covenant Net Worth
DebtInstrumentCovenantNetWorth
600000000
insw Number Of Vessels Used As Collateral On Debt
NumberOfVesselsUsedAsCollateralOnDebt
20
CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
6000000.0
us-gaap Interest Expense Debt
InterestExpenseDebt
12300000
CY2020Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
10200000
us-gaap Interest Expense Debt
InterestExpenseDebt
17300000
insw Gains Losses On Repurchase And Extinguishment Of Debt
GainsLossesOnRepurchaseAndExtinguishmentOfDebt
-13500000
CY2021Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2021-02-23
CY2021Q2 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2021-06-04
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-06-14
CY2021Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2021-09-23
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000.0
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 During Period Shares
StockRepurchasedDuringPeriodShares
0
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1417292
insw Stock Repurchased Per Share Amount
StockRepurchasedPerShareAmount
21.16
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
30000000.0
CY2021Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.06
CY2021Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.06
CY2021Q2 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
-14276000
CY2020Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
-24098000
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
8641000
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
8515000
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-22917000
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-32613000
CY2021Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
2970000
CY2020Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
1645000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
5973000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
2781000
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
-8900000
insw Lease Cancellation Period Notice
LeaseCancellationPeriodNotice
P90D
CY2021Q2 us-gaap Revenues
Revenues
46304000
CY2020Q2 us-gaap Revenues
Revenues
139725000
us-gaap Revenues
Revenues
93060000
us-gaap Revenues
Revenues
265062000
CY2021Q1 us-gaap Unusual Or Infrequent Item Insurance Proceeds
UnusualOrInfrequentItemInsuranceProceeds
500000
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2148000
CY2021Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
125000
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
0
CY2021Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
0
CY2020Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
0
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
15000
CY2021Q2 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
0
insw Number Of Major Categories Of Leases
NumberOfMajorCategoriesOfLeases
2
CY2021Q2 us-gaap Lease Cost
LeaseCost
3841
CY2020Q2 us-gaap Lease Cost
LeaseCost
4402
us-gaap Lease Cost
LeaseCost
7478000
us-gaap Lease Cost
LeaseCost
10250000
us-gaap Operating Lease Payments
OperatingLeasePayments
5522000
us-gaap Operating Lease Payments
OperatingLeasePayments
7295000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16999000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21588000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7226000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8867000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7541000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10253000
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
14767000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
19120000
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0698
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0721

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