2024 Q1 Form 10-K Financial Statement

#000155837024002108 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $274.4M $250.7M $1.072B
YoY Change -4.43% -25.85% 23.95%
Cost Of Revenue $71.09M $80.25M $308.8M
YoY Change 1.17% 11.71% 12.85%
Gross Profit $203.3M $170.5M $762.9M
YoY Change -6.25% -35.98% 29.09%
Gross Profit Margin 74.09% 67.99% 71.19%
Selling, General & Admin $14.79M $14.79M $53.85M
YoY Change 19.65% -5.96% -4.63%
% of Gross Profit 7.27% 8.68% 7.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.15M $33.68M $129.0M
YoY Change 15.58% 18.58% 16.89%
% of Gross Profit 16.8% 19.76% 16.91%
Operating Expenses $48.94M $48.47M $182.9M
YoY Change 16.78% 9.83% 9.61%
Operating Profit $154.4M $122.0M $615.4M
YoY Change -16.66% -45.09% 39.03%
Interest Expense $12.89M -$13.86M $65.76M
YoY Change -23.96% -16.86% 13.93%
% of Operating Profit 8.35% -11.36% 10.69%
Other Income/Expense, Net $2.954M $242.0K $10.65M
YoY Change -31.0% -87.44% 356.78%
Pretax Income $144.5M $135.6M $560.3M
YoY Change -16.3% -37.95% 44.42%
Income Tax $0.00 $3.446M $3.878M
% Of Pretax Income 0.0% 2.54% 0.69%
Net Earnings $144.5M $132.0M $556.4M
YoY Change -16.3% -39.55% 43.45%
Net Earnings / Revenue 52.66% 52.66% 51.92%
Basic Earnings Per Share $2.95 $11.35
Diluted Earnings Per Share $2.92 $2.67 $11.25
COMMON SHARES
Basic Shares Outstanding 48.93M 48.91M 48.98M
Diluted Shares Outstanding 49.38M 49.43M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $214.5M $186.8M $186.8M
YoY Change -17.88% -42.31% -42.31%
Cash & Equivalents $139.5M $126.8M $126.8M
Short-Term Investments $75.00M $60.00M $60.00M
Other Short-Term Assets $20.14M $15.42M $15.42M
YoY Change -51.0% -3.5% -3.5%
Inventory $593.0K $1.329M $1.329M
Prepaid Expenses
Receivables $243.0M $247.2M $247.2M
Other Receivables $11.89M $14.30M $14.30M
Total Short-Term Assets $490.1M $465.0M $465.0M
YoY Change -12.89% -27.64% -27.64%
LONG-TERM ASSETS
Property, Plant & Equipment $1.891B $1.914B $2.017B
YoY Change 6.48% 13.95% 4.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $34.00M $31.75M $31.75M
YoY Change -0.23% -12.81% -12.81%
Other Assets $32.36M $6.571M $7.724M
YoY Change 242.76% -28.73% -44.36%
Total Long-Term Assets $2.061B $2.057B $2.057B
YoY Change 2.61% 4.26% 4.26%
TOTAL ASSETS
Total Short-Term Assets $490.1M $465.0M $465.0M
Total Long-Term Assets $2.061B $2.057B $2.057B
Total Assets $2.551B $2.522B $2.522B
YoY Change -0.78% -3.58% -3.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.05M $6.570M $6.570M
YoY Change -20.96% 259.8% 259.8%
Accrued Expenses $10.17M $10.22M $47.35M
YoY Change 2264.88% 540.54% 8.38%
Deferred Revenue $6.244M
YoY Change 110.8%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $127.5M $127.4M $127.4M
YoY Change -18.0% -21.74% -37.75%
Total Short-Term Liabilities $179.8M $195.6M $195.6M
YoY Change -20.98% -24.02% -24.02%
LONG-TERM LIABILITIES
Long-Term Debt $564.2M $595.2M $595.2M
YoY Change -27.4% -30.83% -30.83%
Other Long-Term Liabilities $3.309M $2.628M $14.26M
YoY Change 76.29% 40.16% 48.3%
Total Long-Term Liabilities $567.5M $597.9M $609.5M
YoY Change -27.15% -30.68% -29.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $179.8M $195.6M $195.6M
Total Long-Term Liabilities $567.5M $597.9M $609.5M
Total Liabilities $756.5M $805.1M $805.1M
YoY Change -25.41% -28.6% -28.6%
SHAREHOLDERS EQUITY
Retained Earnings $306.7M $226.8M
YoY Change 480.08% -1157.65%
Common Stock $1.489B $1.491B
YoY Change -0.86% -0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.795B $1.717B $1.717B
YoY Change
Total Liabilities & Shareholders Equity $2.551B $2.522B $2.522B
YoY Change -0.78% -3.58% -3.58%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $144.5M $132.0M $556.4M
YoY Change -16.3% -39.55% 43.45%
Depreciation, Depletion And Amortization $34.15M $33.68M $129.0M
YoY Change 15.58% 18.58% 16.89%
Cash From Operating Activities $156.4M $125.5M $688.4M
YoY Change -29.15% -30.9% 139.19%
INVESTING ACTIVITIES
Capital Expenditures $27.12M $13.38M $206.6M
YoY Change -59.67% -52.91% 77.08%
Acquisitions
YoY Change
Other Investing Activities -$15.78M $58.66M $82.36M
YoY Change 216.97% 205.83% -48.36%
Cash From Investing Activities -$42.90M $45.28M -$124.3M
YoY Change -40.6% -590.72% -390.35%
FINANCING ACTIVITIES
Cash Dividend Paid $64.70M $61.16M $308.2M
YoY Change -34.18% 11.19% 341.29%
Common Stock Issuance & Retirement, Net $13.95M
YoY Change -30.32%
Debt Paid & Issued, Net $19.54M $382.1M
YoY Change -85.79% -52.17%
Cash From Financing Activities -100.8M -183.0M -681.1M
YoY Change -53.72% 75.69% 266.61%
NET CHANGE
Cash From Operating Activities 156.4M 125.5M 688.4M
Cash From Investing Activities -42.90M 45.28M -124.3M
Cash From Financing Activities -100.8M -183.0M -681.1M
Net Change In Cash 12.74M -12.22M -117.0M
YoY Change -118.41% -117.91% -180.78%
FREE CASH FLOW
Cash From Operating Activities $156.4M $125.5M $688.4M
Capital Expenditures $27.12M $13.38M $206.6M
Free Cash Flow $129.3M $112.1M $481.8M
YoY Change -15.79% -26.82% 181.55%

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1071775000
CY2022 us-gaap Revenues
Revenues
864665000
CY2021 us-gaap Revenues
Revenues
272546000
CY2023 insw Voyage Expenses
VoyageExpenses
16256000
CY2022 insw Voyage Expenses
VoyageExpenses
10955000
CY2021 insw Voyage Expenses
VoyageExpenses
16686000
CY2023 insw Vessel Expenses
VesselExpenses
259539000
CY2022 insw Vessel Expenses
VesselExpenses
240674000
CY2021 insw Vessel Expenses
VesselExpenses
183057000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
39404000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
32132000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
23934000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
129038000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
110388000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
86674000
CY2023 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
47473000
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
46351000
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
33235000
CY2023 us-gaap Recapitalization Costs
RecapitalizationCosts
568000
CY2022 us-gaap Recapitalization Costs
RecapitalizationCosts
1158000
CY2021 us-gaap Recapitalization Costs
RecapitalizationCosts
110000
CY2021 insw Asset Acquisition Transaction Cost
AssetAcquisitionTransactionCost
50740000
CY2023 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
35934000
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
19647000
CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
9753000
CY2023 us-gaap Costs And Expenses
CostsAndExpenses
456344000
CY2022 us-gaap Costs And Expenses
CostsAndExpenses
422011000
CY2021 us-gaap Costs And Expenses
CostsAndExpenses
384683000
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
615431000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
442654000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-112137000
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
714000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
21838000
CY2022 insw Operating Income Loss Including Equity In Income Loss Of Affiliated Companies
OperatingIncomeLossIncludingEquityInIncomeLossOfAffiliatedCompanies
443368000
CY2021 insw Operating Income Loss Including Equity In Income Loss Of Affiliated Companies
OperatingIncomeLossIncludingEquityInIncomeLossOfAffiliatedCompanies
-90299000
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10652000
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2332000
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5947000
CY2023 insw Loss Before Interest Expense Reorganization Items And Taxes
LossBeforeInterestExpenseReorganizationItemsAndTaxes
626083000
CY2022 insw Loss Before Interest Expense Reorganization Items And Taxes
LossBeforeInterestExpenseReorganizationItemsAndTaxes
445700000
CY2021 insw Loss Before Interest Expense Reorganization Items And Taxes
LossBeforeInterestExpenseReorganizationItemsAndTaxes
-96246000
CY2023 us-gaap Interest Expense
InterestExpense
65759000
CY2022 us-gaap Interest Expense
InterestExpense
57721000
CY2021 us-gaap Interest Expense
InterestExpense
36796000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
560324000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
387979000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-133042000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3878000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
88000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1618000
CY2023 us-gaap Recapitalization Costs
RecapitalizationCosts
568000
CY2022 us-gaap Recapitalization Costs
RecapitalizationCosts
1158000
CY2021 us-gaap Recapitalization Costs
RecapitalizationCosts
110000
CY2021 insw Asset Acquisition Transaction Cost
AssetAcquisitionTransactionCost
50740000
CY2023 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
35934000
CY2023 us-gaap Costs And Expenses
CostsAndExpenses
456344000
CY2022 us-gaap Costs And Expenses
CostsAndExpenses
422011000
CY2021 us-gaap Costs And Expenses
CostsAndExpenses
384683000
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
615431000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
442654000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-112137000
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
714000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
21838000
CY2023 insw Operating Income Loss Including Equity In Income Loss Of Affiliated Companies
OperatingIncomeLossIncludingEquityInIncomeLossOfAffiliatedCompanies
615431000
CY2022 insw Operating Income Loss Including Equity In Income Loss Of Affiliated Companies
OperatingIncomeLossIncludingEquityInIncomeLossOfAffiliatedCompanies
443368000
CY2021 insw Operating Income Loss Including Equity In Income Loss Of Affiliated Companies
OperatingIncomeLossIncludingEquityInIncomeLossOfAffiliatedCompanies
-90299000
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10652000
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2332000
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5947000
CY2023 insw Loss Before Interest Expense Reorganization Items And Taxes
LossBeforeInterestExpenseReorganizationItemsAndTaxes
626083000
CY2022 insw Loss Before Interest Expense Reorganization Items And Taxes
LossBeforeInterestExpenseReorganizationItemsAndTaxes
445700000
CY2021 insw Loss Before Interest Expense Reorganization Items And Taxes
LossBeforeInterestExpenseReorganizationItemsAndTaxes
-96246000
CY2023 us-gaap Interest Expense
InterestExpense
65759000
CY2022 us-gaap Interest Expense
InterestExpense
57721000
CY2021 us-gaap Interest Expense
InterestExpense
36796000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
560324000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
387979000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-133042000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3878000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
88000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1618000
CY2023 us-gaap Profit Loss
ProfitLoss
556446000
CY2022 us-gaap Profit Loss
ProfitLoss
387891000
CY2021 us-gaap Profit Loss
ProfitLoss
-134660000
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1168000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
556446000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
387891000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-133492000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48978452
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49381459
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38407007
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49428967
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49844904
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38407007
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
11.35
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.85
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.48
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
11.25
CY2023 us-gaap Profit Loss
ProfitLoss
556446000
CY2022 us-gaap Profit Loss
ProfitLoss
387891000
CY2021 us-gaap Profit Loss
ProfitLoss
-134660000
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1168000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
556446000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
387891000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-133492000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48978452
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49381459
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38407007
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49428967
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49844904
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38407007
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
11.35
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.85
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.48
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
11.25
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.77
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.48
CY2023 us-gaap Profit Loss
ProfitLoss
556446000
CY2022 us-gaap Profit Loss
ProfitLoss
387891000
CY2021 us-gaap Profit Loss
ProfitLoss
-134660000
CY2023 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-7563000
CY2022 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
21775000
CY2021 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
19235000
CY2023 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
59000
CY2022 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
335000
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-54000
CY2023 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-405000
CY2022 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-2116000
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
964000
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8027000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
19324000
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
20253000
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
548419000
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
407215000
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-114407000
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1168000
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
548419000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
407215000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2023 us-gaap Profit Loss
ProfitLoss
556446000
CY2022 us-gaap Profit Loss
ProfitLoss
387891000
CY2021 us-gaap Profit Loss
ProfitLoss
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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
129038000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
110388000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
86674000
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1697000
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.77
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.48
CY2022 us-gaap Profit Loss
ProfitLoss
387891000
CY2021 us-gaap Profit Loss
ProfitLoss
-134660000
CY2023 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-7563000
CY2022 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
21775000
CY2021 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
19235000
CY2023 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
59000
CY2022 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
335000
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-54000
CY2023 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-405000
CY2022 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-2116000
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
964000
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8027000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
19324000
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
20253000
CY2023 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
548419000
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
407215000
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-114407000
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1168000
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
548419000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
407215000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-113239000
CY2023 us-gaap Profit Loss
ProfitLoss
556446000
CY2022 us-gaap Profit Loss
ProfitLoss
387891000
CY2021 us-gaap Profit Loss
ProfitLoss
-134660000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
129038000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
110388000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
86674000
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1697000
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3497000
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5623000
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5224000
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2313000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
842000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2428000
CY2023 insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
2686000
CY2022 insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
1266000
CY2021 insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
2113000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
8518000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
6746000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
10529000
CY2023 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-20000
CY2022 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
10297000
CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
21838000
CY2021 us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
31053000
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2562000
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2242000
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3497000
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5623000
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5224000
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2313000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
842000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2428000
CY2023 insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
2686000
CY2022 insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
1266000
CY2021 insw Deferred Financing Costs Write Off
DeferredFinancingCostsWriteOff
2113000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
8518000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
6746000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
10529000
CY2023 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-20000
CY2022 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
10297000
CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
21838000
CY2021 us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
31053000
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2562000
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2242000
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2969000
CY2023 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
35934000
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
21344000
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
13250000
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1323000
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4465000
CY2022 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
-9513000
CY2022 insw Allocated General And Administrative Expenses Recorded As Capital Contributions
AllocatedGeneralAndAdministrativeExpensesRecordedAsCapitalContributions
3111000
CY2021 insw Allocated General And Administrative Expenses Recorded As Capital Contributions
AllocatedGeneralAndAdministrativeExpensesRecordedAsCapitalContributions
9835000
CY2023 insw Payments For Drydocking
PaymentsForDrydocking
34539000
CY2022 insw Payments For Drydocking
PaymentsForDrydocking
43327000
CY2021 insw Payments For Drydocking
PaymentsForDrydocking
42416000
CY2023 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
3156000
CY2022 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
5301000
CY2021 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
1846000
CY2023 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-42610000
CY2022 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
182679000
CY2021 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
16470000
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
3283000
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2609000
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-1636000
CY2023 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
8734000
CY2022 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
13102000
CY2021 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-3644000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
688402000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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3
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
261000
CY2023 insw Reversal Provision For Loan And Lease Losses
ReversalProvisionForLoanAndLeaseLosses
70000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
191000
CY2021Q3 insw Asset Acquisition Special Dividends
AssetAcquisitionSpecialDividends
31500000
CY2021Q3 insw Asset Acquisition Special Dividends Per Share Costs
AssetAcquisitionSpecialDividendsPerShareCosts
1.12
CY2023 insw Number Of Representatives In Board Of Directors Of Combined Company
NumberOfRepresentativesInBoardOfDirectorsOfCombinedCompany
10
CY2023Q4 insw Number Of Additional Directors Designated By Company
NumberOfAdditionalDirectorsDesignatedByCompany
6
CY2023Q4 insw Number Of Additional Directors Designated By Counterparty
NumberOfAdditionalDirectorsDesignatedByCounterparty
3
CY2023Q4 insw Number Of Additional Directors Designated By Counterparty
NumberOfAdditionalDirectorsDesignatedByCounterparty
3
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber
5035
CY2023Q4 insw Number Of Additional Directors Designated By Counterparty
NumberOfAdditionalDirectorsDesignatedByCounterparty
3
CY2023Q4 insw Number Of Additional Directors Designated By Counterparty
NumberOfAdditionalDirectorsDesignatedByCounterparty
3
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1213000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0
CY2023 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;">3.<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. The Company manages its credit risk exposure through assessment of the creditworthiness of its counterparties. Cash equivalents consist primarily of time deposits, and money market funds. The Company places its cash and cash equivalents in what we believe to be credit-worthy financial institutions. The Company’s 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 accrued earnings 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. The </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 18pt;">Company performs ongoing evaluations to determine customer credit and limits the amount of credit extended to customers. The Company maintains allowances for estimated credit losses and these losses have generally been within its expectations. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-indent:-18pt;margin:0pt;"><span style="visibility:hidden;background:#ffff00;">​</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. The Company makes judgments about the creditworthiness of customers based on ongoing credit evaluations including analysis of the counterparty’s established credit rating or assessment of the counterparty’s creditworthiness based on our analysis of their financial statements when a credit rating is not available, country and political risk of the counterparty, and their business strategy. The Company manages its 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 five 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 reflects our best estimate of probable losses inherent in the voyage receivables balance and is recognized as an allowance or contra-asset to the voyage receivables balance. Provisions for credit losses associated with voyage receivables are included in general and administrative expenses on the consolidated statements of operations. The movement in the allowance for credit losses during the three years ended December 31, 2023 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:80.6%;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:1.34%;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:1.34%;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:16.71%;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:80.6%;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:1.34%;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:1.34%;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:16.71%;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="vertical-align:middle;width:80.6%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at January 1, 2021</p></td><td style="vertical-align:bottom;width:1.34%;background:#cceeff;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:1.34%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:16.71%;background:#cceeff;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:80.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Reversal of expected credit losses</p></td><td style="vertical-align:bottom;width:1.34%;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:1.34%;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:16.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (21)</p></td></tr><tr><td style="vertical-align:middle;width:80.6%;background:#cceeff;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="vertical-align:bottom;width:1.34%;background:#cceeff;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:1.34%;background:#cceeff;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:16.71%;background:#cceeff;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:80.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at December 31,2021</p></td><td style="vertical-align:bottom;width:1.34%;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:1.34%;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:16.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 31</p></td></tr><tr><td style="vertical-align:middle;width:80.6%;background:#cceeff;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:1.34%;background:#cceeff;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:1.34%;background:#cceeff;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:16.71%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 230</p></td></tr><tr><td style="vertical-align:middle;width:80.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at December 31,2022</p></td><td style="vertical-align:middle;width:1.34%;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:1.34%;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:16.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 261</p></td></tr><tr><td style="vertical-align:middle;width:80.6%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Reversal of expected credit losses</p></td><td style="vertical-align:middle;width:1.34%;background:#cceeff;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:1.34%;background:#cceeff;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:16.71%;background:#cceeff;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;"> (70)</p></td></tr><tr><td style="vertical-align:middle;width:80.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at December 31,2023</p></td><td style="vertical-align:middle;white-space:nowrap;width:1.34%;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:1.34%;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:16.71%;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;"> 191</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 18pt;"><span style="margin-left:0pt;visibility:hidden;background:#ffff00;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 18pt;">During the years ended December 31, 2023, 2022 and 2021, 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 95% and 96% of consolidated voyage receivables at December 31, 2023 and December 31, 2022, respectively.</p>
CY2023 insw Credit Losses Historical Period
CreditLossesHistoricalPeriod
P5Y
CY2023 insw Credit Losses Outstanding Additional Period
CreditLossesOutstandingAdditionalPeriod
P180D
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
55000
CY2021 insw Reversal Provision For Loan And Lease Losses
ReversalProvisionForLoanAndLeaseLosses
21000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
31000
CY2022 insw Reversal Provision For Loan And Lease Losses
ReversalProvisionForLoanAndLeaseLosses
-230000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1213000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0
CY2023 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;">3.<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. The Company manages its credit risk exposure through assessment of the creditworthiness of its counterparties. Cash equivalents consist primarily of time deposits, and money market funds. The Company places its cash and cash equivalents in what we believe to be credit-worthy financial institutions. The Company’s 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 accrued earnings 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. The </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 18pt;">Company performs ongoing evaluations to determine customer credit and limits the amount of credit extended to customers. The Company maintains allowances for estimated credit losses and these losses have generally been within its expectations. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-indent:-18pt;margin:0pt;"><span style="visibility:hidden;background:#ffff00;">​</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. The Company makes judgments about the creditworthiness of customers based on ongoing credit evaluations including analysis of the counterparty’s established credit rating or assessment of the counterparty’s creditworthiness based on our analysis of their financial statements when a credit rating is not available, country and political risk of the counterparty, and their business strategy. The Company manages its 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 five 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 reflects our best estimate of probable losses inherent in the voyage receivables balance and is recognized as an allowance or contra-asset to the voyage receivables balance. Provisions for credit losses associated with voyage receivables are included in general and administrative expenses on the consolidated statements of operations. The movement in the allowance for credit losses during the three years ended December 31, 2023 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:80.6%;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:1.34%;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:1.34%;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:16.71%;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:80.6%;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:1.34%;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:1.34%;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:16.71%;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="vertical-align:middle;width:80.6%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at January 1, 2021</p></td><td style="vertical-align:bottom;width:1.34%;background:#cceeff;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:1.34%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:16.71%;background:#cceeff;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:80.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Reversal of expected credit losses</p></td><td style="vertical-align:bottom;width:1.34%;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:1.34%;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:16.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"> (21)</p></td></tr><tr><td style="vertical-align:middle;width:80.6%;background:#cceeff;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="vertical-align:bottom;width:1.34%;background:#cceeff;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:1.34%;background:#cceeff;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:16.71%;background:#cceeff;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:80.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at December 31,2021</p></td><td style="vertical-align:bottom;width:1.34%;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:1.34%;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:16.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 31</p></td></tr><tr><td style="vertical-align:middle;width:80.6%;background:#cceeff;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:1.34%;background:#cceeff;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:1.34%;background:#cceeff;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:16.71%;background:#cceeff;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 230</p></td></tr><tr><td style="vertical-align:middle;width:80.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at December 31,2022</p></td><td style="vertical-align:middle;width:1.34%;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:1.34%;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:16.71%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0pt 0pt;"> 261</p></td></tr><tr><td style="vertical-align:middle;width:80.6%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;">Reversal of expected credit losses</p></td><td style="vertical-align:middle;width:1.34%;background:#cceeff;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:1.34%;background:#cceeff;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:16.71%;background:#cceeff;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;"> (70)</p></td></tr><tr><td style="vertical-align:middle;width:80.6%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Balance at December 31,2023</p></td><td style="vertical-align:middle;white-space:nowrap;width:1.34%;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:1.34%;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:16.71%;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;"> 191</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 18pt;"><span style="margin-left:0pt;visibility:hidden;background:#ffff00;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 18pt;">During the years ended December 31, 2023, 2022 and 2021, 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 95% and 96% of consolidated voyage receivables at December 31, 2023 and December 31, 2022, respectively.</p>
CY2023 insw Credit Losses Historical Period
CreditLossesHistoricalPeriod
P5Y
CY2023 insw Credit Losses Outstanding Additional Period
CreditLossesOutstandingAdditionalPeriod
P180D
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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21000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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3000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023 insw Reversal Provision For Loan And Lease Losses
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021 us-gaap Interest Costs Capitalized
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CY2022 us-gaap Amortization Of Financing Costs
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4900000
CY2021 us-gaap Amortization Of Financing Costs
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2200000
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1
CY2023 us-gaap Interest Costs Capitalized
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CY2022 us-gaap Interest Costs Capitalized
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CY2021 us-gaap Interest Costs Capitalized
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CY2023 us-gaap Amortization Of Financing Costs
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CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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CY2021 us-gaap Amortization Of Financing Costs
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CY2023 insw Collateralized Basis Percentage Benchmark Used In Determining Borrowing Rate
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CY2023 us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-indent:-18pt;margin:0pt;">14.<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>
CY2023 us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-indent:-18pt;margin:0pt;">14.<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>
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556043000
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2262644000
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556043000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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403000
CY2023 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
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403000
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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490000
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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19647000
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CY2022Q4 insw Adjusted Assets
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Assets
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Assets
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42416000
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CY2022Q4 insw Adjusted Assets
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2262644000
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243744000
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CY2022Q4 us-gaap Other Assets
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28946000
CY2023Q4 us-gaap Assets
Assets
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CY2022Q4 us-gaap Assets
Assets
2615334000
CY2023Q4 insw Vessels Deferred Dry Dock And Other Property
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CY2022Q4 insw Vessels Deferred Dry Dock And Other Property
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1869561000
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1907894000
CY2023 insw Number Of Vessels Used As Collateral On Debt
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42
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65611000
CY2021Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
55753000
CY2020Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
36334000
CY2023 insw Drydock Expenditures Additions
DrydockExpendituresAdditions
35117000
CY2022 insw Drydock Expenditures Additions
DrydockExpendituresAdditions
35988000
CY2021 insw Drydock Expenditures Additions
DrydockExpendituresAdditions
40823000
CY2023 insw Deferred Drydock Expenditures Net Subtotal
DeferredDrydockExpendituresNetSubtotal
100728000
CY2022 insw Deferred Drydock Expenditures Net Subtotal
DeferredDrydockExpendituresNetSubtotal
91741000
CY2021 insw Deferred Drydock Expenditures Net Subtotal
DeferredDrydockExpendituresNetSubtotal
77157000
CY2023Q4 insw Accumulated Amortization Deferred Dry Docking Cost
AccumulatedAmortizationDeferredDryDockingCost
28787000
CY2022Q4 insw Accumulated Amortization Deferred Dry Docking Cost
AccumulatedAmortizationDeferredDryDockingCost
19809000
CY2021Q4 insw Accumulated Amortization Deferred Dry Docking Cost
AccumulatedAmortizationDeferredDryDockingCost
14566000
CY2023 insw Gain Loss On Disposal Of Assets And Other Non Cash Charges
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CY2022 insw Gain Loss On Disposal Of Assets And Other Non Cash Charges
GainLossOnDisposalOfAssetsAndOtherNonCashCharges
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CY2021 insw Gain Loss On Disposal Of Assets And Other Non Cash Charges
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CY2023Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
70880000
CY2022Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
65611000
CY2021Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
55753000
CY2023Q4 insw Vessels Deferred Dry Dock And Other Property
VesselsDeferredDryDockAndOtherProperty
1996976000
CY2022Q4 insw Vessels Deferred Dry Dock And Other Property
VesselsDeferredDryDockAndOtherProperty
1869561000
CY2021Q4 insw Vessels Deferred Dry Dock And Other Property
VesselsDeferredDryDockAndOtherProperty
1907894000
CY2023 insw Number Of Vessels Used As Collateral On Debt
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42
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022Q4 insw Deferred Drydock Expenditures Net
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65611000
CY2021Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
55753000
CY2020Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
36334000
CY2023 insw Drydock Expenditures Additions
DrydockExpendituresAdditions
35117000
CY2022 insw Drydock Expenditures Additions
DrydockExpendituresAdditions
35988000
CY2021 insw Drydock Expenditures Additions
DrydockExpendituresAdditions
40823000
CY2023 insw Deferred Drydock Expenditures Net Subtotal
DeferredDrydockExpendituresNetSubtotal
100728000
CY2022 insw Deferred Drydock Expenditures Net Subtotal
DeferredDrydockExpendituresNetSubtotal
91741000
CY2021 insw Deferred Drydock Expenditures Net Subtotal
DeferredDrydockExpendituresNetSubtotal
77157000
CY2023Q4 insw Accumulated Amortization Deferred Dry Docking Cost
AccumulatedAmortizationDeferredDryDockingCost
28787000
CY2022Q4 insw Accumulated Amortization Deferred Dry Docking Cost
AccumulatedAmortizationDeferredDryDockingCost
19809000
CY2021Q4 insw Accumulated Amortization Deferred Dry Docking Cost
AccumulatedAmortizationDeferredDryDockingCost
14566000
CY2023 insw Gain Loss On Disposal Of Assets And Other Non Cash Charges
GainLossOnDisposalOfAssetsAndOtherNonCashCharges
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CY2022 insw Gain Loss On Disposal Of Assets And Other Non Cash Charges
GainLossOnDisposalOfAssetsAndOtherNonCashCharges
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CY2021 insw Gain Loss On Disposal Of Assets And Other Non Cash Charges
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CY2023Q4 insw Deferred Drydock Expenditures Net
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70880000
CY2022Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
65611000
CY2021Q4 insw Deferred Drydock Expenditures Net
DeferredDrydockExpendituresNet
55753000
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CY2022 us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
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2200000
CY2021 us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
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400000
CY2022Q2 us-gaap Derivative Notional Amount
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358600000
CY2022Q2 us-gaap Proceeds From Hedge Financing Activities
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9600000
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CY2023 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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4100000
CY2022 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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3000000.0
CY2023Q4 us-gaap Derivative Notional Amount
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CY2023Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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750000000
CY2021 us-gaap Derivative Loss On Derivative
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CY2023 us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
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2000000.0
CY2022 us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
DerivativeInstrumentsLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortion
2200000
CY2021 us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
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400000
CY2022Q2 us-gaap Derivative Notional Amount
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CY2022Q2 us-gaap Proceeds From Hedge Financing Activities
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CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
9700000
CY2023 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
4100000
CY2022 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
3000000.0
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3187000
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
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22905000
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
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CY2022Q4 us-gaap Long Term Debt
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CY2023Q4 us-gaap Long Term Debt Current
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CY2022Q4 us-gaap Long Term Debt Current
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CY2023Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q2 us-gaap Debt Instrument Basis Spread On Variable Rate1
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CY2021 insw Gains Losses On Repurchase And Extinguishment Of Debt
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CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
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CY2023Q4 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt
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CY2023Q4 us-gaap Long Term Debt Current
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CY2022Q4 us-gaap Long Term Debt Current
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CY2023Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q2 us-gaap Debt Instrument Basis Spread On Variable Rate1
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CY2022 insw Gains Losses On Repurchase And Extinguishment Of Debt
GainsLossesOnRepurchaseAndExtinguishmentOfDebt
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CY2021 insw Gains Losses On Repurchase And Extinguishment Of Debt
GainsLossesOnRepurchaseAndExtinguishmentOfDebt
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
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EmployeeRelatedLiabilitiesCurrent
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CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
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CY2022Q4 us-gaap Accrued Rent Current And Noncurrent
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5208000
CY2022Q4 us-gaap Other Accrued Liabilities Current
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CY2023Q4 us-gaap Other Accounts Payable And Accrued Liabilities
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CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
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CY2023Q4 us-gaap Contract With Customer Liability Current
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CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2962000
CY2023Q4 us-gaap Accrued Insurance Current
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85000
CY2022Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
527000
CY2023Q4 insw Accrued Vessel Expenses1
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17918000
CY2022Q4 insw Accrued Vessel Expenses1
AccruedVesselExpenses1
17911000
CY2023Q4 insw Accrued General And Administrative Expenses
AccruedGeneralAndAdministrativeExpenses
1974000
CY2022Q4 insw Accrued General And Administrative Expenses
AccruedGeneralAndAdministrativeExpenses
1293000
CY2023Q4 us-gaap Other Liabilities Current
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CY2022Q4 us-gaap Other Liabilities Current
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CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
57904000
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
51069000
CY2023Q4 insw Percent Of Shipping Income Subject To U.S.Federal Taxation
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CY2023Q4 us-gaap Accounts Payable Current
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CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1826000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9909000
CY2023Q4 us-gaap Interest Payable Current
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CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
7723000
CY2023Q4 us-gaap Accrued Rent Current And Noncurrent
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CY2022Q4 us-gaap Accrued Rent Current And Noncurrent
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2644000
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CY2022Q4 us-gaap Other Accrued Liabilities Current
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4730000
CY2023Q4 us-gaap Other Accounts Payable And Accrued Liabilities
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CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
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CY2023Q4 us-gaap Contract With Customer Liability Current
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CY2022Q4 us-gaap Contract With Customer Liability Current
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2962000
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CY2022Q4 us-gaap Accrued Insurance Current
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527000
CY2023Q4 insw Accrued Vessel Expenses1
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CY2022Q4 insw Accrued Vessel Expenses1
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17911000
CY2023Q4 insw Accrued General And Administrative Expenses
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1974000
CY2022Q4 insw Accrued General And Administrative Expenses
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1293000
CY2023Q4 us-gaap Other Liabilities Current
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CY2022Q4 us-gaap Other Liabilities Current
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CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
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CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
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CY2023Q4 insw Percent Of Shipping Income Subject To U.S.Federal Taxation
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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CY2022Q4 us-gaap Deferred Tax Assets Gross
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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3039000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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2906000
CY2023Q4 us-gaap Deferred Tax Assets Gross
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7025000
CY2022Q4 us-gaap Deferred Tax Assets Gross
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6912000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q4 us-gaap Operating Loss Carryforwards
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CY2022Q4 us-gaap Operating Loss Carryforwards
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CY2023Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
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CY2022Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2023Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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CY2022Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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CY2021Q3 us-gaap Common Stock Shares Outstanding
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CY2021Q3 us-gaap Common Stock Shares Issued
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CY2023 us-gaap Payments Of Dividends
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308200000
CY2023Q4 us-gaap Dividends Payable Amount Per Share
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CY2023Q2 us-gaap Dividends Payable Date Declared Day Month And Year
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CY2023Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
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CY2023Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
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79259000
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CY2023Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
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CY2023Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
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CY2023Q3 insw Supplemental Dividends Payable Amount Per Share
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1.30
CY2023Q3 us-gaap Payments Of Dividends
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69428000
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2023-12-13
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0.12
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1.13
CY2023Q4 us-gaap Payments Of Dividends
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61157000
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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970000
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2023-11-06
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2023-12-13
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2023-12-27
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0.12
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CY2022Q4 us-gaap Dividends Payable Amount Per Share
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2022-06-07
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2022-06-17
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5886000
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2022-11-07
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2022-02-28
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2022-03-14
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2022-03-28
CY2022Q1 us-gaap Dividends Payable Amount Per Share
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0.06
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2978000
CY2022Q2 us-gaap Dividends Payable Date Declared Day Month And Year
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2022-06-07
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2022-06-29
CY2022Q2 us-gaap Dividends Payable Amount Per Share
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0.12
CY2022Q2 us-gaap Payments Of Dividends
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5964000
CY2022Q3 us-gaap Dividends Payable Date Declared Day Month And Year
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2022-08-04
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2022-09-14
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CY2022Q3 us-gaap Dividends Payable Amount Per Share
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0.12
CY2022Q3 us-gaap Payments Of Dividends
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2022-12-08
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2022-12-22
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0.12
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55015000
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0.24
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2021-02-23
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2021-03-11
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0.06
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1681000
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2021-06-04
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2021-06-28
CY2021Q2 us-gaap Dividends Payable Amount Per Share
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0.06
CY2021Q2 us-gaap Payments Of Dividends
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1688000
CY2021Q3 us-gaap Dividends Payable Date Declared Day Month And Year
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2021-09-09
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2021-09-23
CY2021Q3 us-gaap Dividends Payable Amount Per Share
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0.06
CY2021Q3 us-gaap Payments Of Dividends
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3041000
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2021-12-09
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0.06
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ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
147294
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
513479
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
56065
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
44.09
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41.79
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30000000.0
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30000000.0
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2022-12-08
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2022-12-22
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0.12
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1.00
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55015000
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DividendsPayableAmountPerShare
0.24
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2021-02-23
CY2021Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
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2021-03-11
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2021-03-26
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DividendsPayableAmountPerShare
0.06
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1681000
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2021-06-04
CY2021Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-06-14
CY2021Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
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2021-06-28
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0.06
CY2021Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
1688000
CY2021Q3 us-gaap Dividends Payable Date Declared Day Month And Year
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2021-07-28
CY2021Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-09-09
CY2021Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
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2021-09-23
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0.06
CY2021Q3 us-gaap Payments Of Dividends
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3041000
CY2021Q4 us-gaap Dividends Payable Date Declared Day Month And Year
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2021-11-08
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2021-12-09
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2021-12-23
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3023000
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147294
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513479
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56065
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44.09
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41.79
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20.06
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P24M
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2022-08-04
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
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30000000.0
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50000000.0
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
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60000000.0
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
33300000
CY2022Q3 us-gaap Stock Repurchase Program Expiration Date
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2023-12-31
CY2023Q3 us-gaap Stock Repurchase Program Authorized Amount1
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50000000.0
CY2023Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
26100000
CY2022Q3 us-gaap Stock Repurchase Program Expiration Date
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2023-12-31
CY2023Q3 us-gaap Stock Repurchase Program Expiration Date
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2025-12-31
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30000000.0
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StockRepurchaseProgramAuthorizedAmount1
50000000.0
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
60000000.0
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
33300000
CY2022Q3 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2023-12-31
CY2023Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000.0
CY2023Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
26100000
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2023-12-31
CY2023Q3 us-gaap Stock Repurchase Program Expiration Date
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2025-12-31
CY2023 insw Schedule Of Shares Repurchased
ScheduleOfSharesRepurchased
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="margin-bottom:10pt;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:27.88%;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 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;width:22.63%;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 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;width:24.22%;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 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;width:1.58%;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 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;width:1.58%;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 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;width:22.08%;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 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:27.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">Year-ended December 31,</p></td><td style="vertical-align:bottom;width:22.63%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">Total shares repurchased</p></td><td style="vertical-align:bottom;width:24.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">Average Price per share</p></td><td style="vertical-align:middle;width:1.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;width:1.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;width:22.08%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="white-space:pre-wrap;">Total Cost </span><br/>(<i style="font-style:italic;">In thousands</i>)</p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:27.88%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">2023</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.63%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">366,483 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:24.22%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">$38.03 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.08%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">13,937 </p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:27.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.63%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">687,740 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:24.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">$29.08 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.08%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">20,000 </p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:27.88%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">2021</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.63%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">1,077,070 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:24.22%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">$15.44 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.08%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">16,630 </p></td></tr></table>
CY2023 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
366483
CY2023 insw Stock Repurchased Per Share Amount
StockRepurchasedPerShareAmount
38.03
CY2023 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
13937000
CY2022 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
687740
CY2022 insw Stock Repurchased Per Share Amount
StockRepurchasedPerShareAmount
29.08
CY2022 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
20000000
CY2021 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1077070
CY2021 insw Stock Repurchased Per Share Amount
StockRepurchasedPerShareAmount
15.44
CY2021 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
16630000
CY2021Q3 insw Number Of Directors Added To Board
NumberOfDirectorsAddedToBoard
3
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber
5035
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
100000
CY2023Q4 insw Post Combination Service
PostCombinationService
600000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
200000
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y25D
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y9M14D
CY2023 us-gaap Restricted Stock Expense
RestrictedStockExpense
7900000
CY2022 us-gaap Restricted Stock Expense
RestrictedStockExpense
5500000
CY2021 us-gaap Restricted Stock Expense
RestrictedStockExpense
9300000
CY2023 insw Stock Options Compensation Expense Income
StockOptionsCompensationExpenseIncome
600000
CY2022 insw Stock Options Compensation Expense Income
StockOptionsCompensationExpenseIncome
1000000.0
CY2021 insw Stock Options Compensation Expense Income
StockOptionsCompensationExpenseIncome
1200000
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
8300000
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y6M25D
CY2023 insw Schedule Of Shares Repurchased
ScheduleOfSharesRepurchased
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="margin-bottom:10pt;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:27.88%;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 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;width:22.63%;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 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;width:24.22%;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 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;width:1.58%;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 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:middle;width:1.58%;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 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;width:22.08%;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 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:27.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">Year-ended December 31,</p></td><td style="vertical-align:bottom;width:22.63%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">Total shares repurchased</p></td><td style="vertical-align:bottom;width:24.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">Average Price per share</p></td><td style="vertical-align:middle;width:1.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:middle;width:1.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;width:22.08%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><span style="white-space:pre-wrap;">Total Cost </span><br/>(<i style="font-style:italic;">In thousands</i>)</p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:27.88%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">2023</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.63%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">366,483 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:24.22%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">$38.03 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.08%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">13,937 </p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:27.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.63%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">687,740 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:24.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">$29.08 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.08%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">20,000 </p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:27.88%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">2021</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.63%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">1,077,070 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:24.22%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">$15.44 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.58%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:22.08%;background:#cceeff;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;">16,630 </p></td></tr></table>
CY2023 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
366483
CY2023 insw Stock Repurchased Per Share Amount
StockRepurchasedPerShareAmount
38.03
CY2023 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
13937000
CY2022 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
20000000
CY2021 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1077070
CY2021 insw Stock Repurchased Per Share Amount
StockRepurchasedPerShareAmount
15.44
CY2021 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
16630000
CY2021Q3 insw Number Of Directors Added To Board
NumberOfDirectorsAddedToBoard
3
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber
5035
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
100000
CY2023Q4 insw Post Combination Service
PostCombinationService
600000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
200000
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y25D
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y9M14D
CY2023 us-gaap Restricted Stock Expense
RestrictedStockExpense
7900000
CY2022 us-gaap Restricted Stock Expense
RestrictedStockExpense
5500000
CY2021 us-gaap Restricted Stock Expense
RestrictedStockExpense
9300000
CY2023 insw Stock Options Compensation Expense Income
StockOptionsCompensationExpenseIncome
600000
CY2022 insw Stock Options Compensation Expense Income
StockOptionsCompensationExpenseIncome
1000000.0
CY2021 insw Stock Options Compensation Expense Income
StockOptionsCompensationExpenseIncome
1200000
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OtherOtherIncomeExpense
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CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10652000
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2332000
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5947000
CY2023Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
25000000
CY2023Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
insw-20231231_pre.xml Edgar Link unprocessable
insw-20231231x10k_htm.xml Edgar Link completed
0001558370-24-002108-index-headers.html Edgar Link pending
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0001558370-24-002108.txt Edgar Link pending
0001558370-24-002108-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
insw-20231231.xsd Edgar Link pending
insw-20231231x10k.htm Edgar Link pending
insw-20231231x10k003.jpg Edgar Link pending
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report.css Edgar Link pending
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insw-20231231_cal.xml Edgar Link unprocessable