2019 Q4 Form 10-K Financial Statement

#000160690921000035 Filed on March 15, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2019 Q2
Revenue $130.5M $118.9M $83.30M
YoY Change 28.07% 24.71% -13.97%
Cost Of Revenue $98.70M $87.10M $55.50M
YoY Change 31.08% 33.59% -19.21%
Gross Profit $31.80M $31.80M $27.70M
YoY Change 20.0% 5.65% -1.42%
Gross Profit Margin 24.37% 26.75% 33.25%
Selling, General & Admin $5.200M $2.800M $5.400M
YoY Change 20.93% -24.32% 22.73%
% of Gross Profit 16.35% 8.81% 19.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.010M $4.650M $4.490M
YoY Change 11.83% 5.44% 2.28%
% of Gross Profit 15.75% 14.62% 16.21%
Operating Expenses $131.4M $105.9M $76.50M
YoY Change 39.49% 27.28% -13.46%
Operating Profit -$900.0K $13.00M $6.800M
YoY Change -111.69% 7.44% -19.05%
Interest Expense $2.400M $2.500M $2.100M
YoY Change 4.35% 13.64% 0.0%
% of Operating Profit 19.23% 30.88%
Other Income/Expense, Net -$2.200M -$2.600M -$1.800M
YoY Change -65.63% 52.94% 12.5%
Pretax Income -$3.000M $10.40M $5.200M
YoY Change -350.0% 0.0% -24.64%
Income Tax
% Of Pretax Income
Net Earnings -$4.400M $8.300M $4.100M
YoY Change 780.0% 0.0% -28.07%
Net Earnings / Revenue -3.37% 6.98% 4.92%
Basic Earnings Per Share -$0.10 $0.19 $0.09
Diluted Earnings Per Share -$0.10 $0.19 $0.09
COMMON SHARES
Basic Shares Outstanding 42.82M shares 42.82M shares 42.77M shares
Diluted Shares Outstanding 42.82M shares 43.35M shares 43.29M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.60M $34.20M $41.20M
YoY Change -5.6% -32.68% -15.75%
Cash & Equivalents $50.56M $34.17M $41.16M
Short-Term Investments
Other Short-Term Assets $3.125M $4.203M $1.660M
YoY Change 311.66% 64.56% 3.57%
Inventory $21.00M $17.00M $17.45M
Prepaid Expenses $4.925M $4.443M $3.272M
Receivables $28.31M $29.22M $16.00M
Other Receivables $6.500M $12.40M $6.600M
Total Short-Term Assets $128.0M $108.4M $93.10M
YoY Change 12.73% -3.7% -6.77%
LONG-TERM ASSETS
Property, Plant & Equipment $281.5M $311.7M $301.1M
YoY Change -0.15% 10.29% 4.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.500M $2.500M $2.500M
YoY Change -95.7% -95.73% -94.55%
Total Long-Term Assets $351.9M $376.2M $366.1M
YoY Change 3.52% 10.22% 9.44%
TOTAL ASSETS
Total Short-Term Assets $128.0M $108.4M $93.10M
Total Long-Term Assets $351.9M $376.2M $366.1M
Total Assets $479.9M $484.6M $459.2M
YoY Change 5.83% 6.77% 5.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.17M $22.90M $12.90M
YoY Change 21.52% -23.92% -57.0%
Accrued Expenses $14.88M $11.90M $17.50M
YoY Change 100.47%
Deferred Revenue $14.38M $14.30M $8.814M
YoY Change -2.31%
Short-Term Debt $300.0K $1.200M $1.200M
YoY Change -89.66% -67.57% -73.33%
Long-Term Debt Due $22.99M $23.74M $14.95M
YoY Change 14.22% 2.77% -28.11%
Total Short-Term Liabilities $90.85M $84.70M $64.62M
YoY Change 14.94% 15.88% -8.52%
LONG-TERM LIABILITIES
Long-Term Debt $83.65M $88.56M $102.4M
YoY Change -12.29% -40.48% -28.09%
Other Long-Term Liabilities $4.828M
YoY Change
Total Long-Term Liabilities $88.48M $88.56M $102.4M
YoY Change -7.23% -40.48% -28.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $90.85M $84.70M $64.62M
Total Long-Term Liabilities $88.48M $88.56M $102.4M
Total Liabilities $179.3M $173.3M $167.0M
YoY Change 2.82% -40.58% -40.5%
SHAREHOLDERS EQUITY
Retained Earnings $12.74M $18.69M $11.92M
YoY Change 122.0% 194.14% -720.07%
Common Stock $4.489K $4.445K $4.445K
YoY Change 2.02% 0.91% 0.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $170.2M $175.9M $168.8M
YoY Change
Total Liabilities & Shareholders Equity $479.9M $484.6M $459.2M
YoY Change 5.83% 6.77% 5.72%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income -$4.400M $8.300M $4.100M
YoY Change 780.0% 0.0% -28.07%
Depreciation, Depletion And Amortization $5.010M $4.650M $4.490M
YoY Change 11.83% 5.44% 2.28%
Cash From Operating Activities $21.06M $3.820M $7.620M
YoY Change 63.13% -40.41% -57.71%
INVESTING ACTIVITIES
Capital Expenditures -$1.140M -$14.65M -$14.25M
YoY Change -54.4% 20.48% 476.92%
Acquisitions
YoY Change
Other Investing Activities $2.720M -$30.00K -$7.660M
YoY Change
Cash From Investing Activities $1.590M -$14.69M -$21.91M
YoY Change -163.6% 20.81% 787.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.260M 3.880M -3.670M
YoY Change -17.09% -41.03% -178.59%
NET CHANGE
Cash From Operating Activities 21.06M 3.820M 7.620M
Cash From Investing Activities 1.590M -14.69M -21.91M
Cash From Financing Activities -6.260M 3.880M -3.670M
Net Change In Cash 16.39M -6.990M -17.96M
YoY Change 473.08% -942.17% -188.82%
FREE CASH FLOW
Cash From Operating Activities $21.06M $3.820M $7.620M
Capital Expenditures -$1.140M -$14.65M -$14.25M
Free Cash Flow $22.20M $18.47M $21.87M
YoY Change 44.06% -0.54% 6.73%

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CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2020 panl Payment For Drydocking Costs
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5858960 USD
CY2019 panl Payment For Drydocking Costs
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CY2020 us-gaap Share Based Compensation
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2314940 USD
CY2019 us-gaap Share Based Compensation
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CY2019 us-gaap Increase Decrease In Accounts Receivable
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CY2020 us-gaap Increase Decrease In Inventories
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CY2019 panl Increase Decrease In Account Payable Accrued Expenses And Other Current Liabilities
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CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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20835502 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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44458732 USD
CY2020 panl Payment For Purchase Of Vessels
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2892776 USD
CY2019 panl Payment For Purchase Of Vessels
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CY2020 panl Proceedsfrom Saleof Vessel
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CY2019 panl Proceedsfrom Saleof Vessel
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CY2020 panl Payments To Acquire Non Controlling Interest
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15000000 USD
CY2019 panl Payments To Acquire Non Controlling Interest
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0 USD
CY2020 panl Paymentsfor Investment In Newbuildings In Process
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33446 USD
CY2019 panl Paymentsfor Investment In Newbuildings In Process
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15357189 USD
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CY2019 us-gaap Payments To Acquire Other Property Plant And Equipment
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283244 USD
CY2020 us-gaap Payments For Derivative Instrument Investing Activities
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628000 USD
CY2019 us-gaap Payments For Derivative Instrument Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Repayments Of Related Party Debt
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0 USD
CY2019 us-gaap Repayments Of Related Party Debt
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2595000 USD
CY2020 us-gaap Proceeds From Issuance Of Secured Debt
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18000000 USD
CY2019 us-gaap Proceeds From Issuance Of Secured Debt
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14000000 USD
CY2020 us-gaap Payment Of Financing And Stock Issuance Costs
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421775 USD
CY2019 us-gaap Payment Of Financing And Stock Issuance Costs
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2960899 USD
CY2020 us-gaap Repayments Of Secured Debt
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22990674 USD
CY2019 us-gaap Repayments Of Secured Debt
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20627742 USD
CY2020 panl Proceeds From Finance Lease
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0 USD
CY2019 panl Proceeds From Finance Lease
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25600000 USD
CY2020 us-gaap Finance Lease Principal Payments
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12548938 USD
CY2019 us-gaap Finance Lease Principal Payments
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6602265 USD
CY2020 us-gaap Payments Of Dividends Minority Interest
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0 USD
CY2019 us-gaap Payments Of Dividends Minority Interest
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4666665 USD
CY2020 us-gaap Payments Of Dividends Common Stock
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535153 USD
CY2019 us-gaap Payments Of Dividends Common Stock
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8090213 USD
CY2020 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
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-238364 USD
CY2019 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
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-179279 USD
CY2020 panl Proceedsfrom Noncontrolling Interests Recorded As Long Term Liability
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0 USD
CY2019 panl Proceedsfrom Noncontrolling Interests Recorded As Long Term Liability
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4783414 USD
CY2020 us-gaap Proceeds From Minority Shareholders
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322750 USD
CY2019 us-gaap Proceeds From Minority Shareholders
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422519 USD
CY2020 us-gaap Payments To Minority Shareholders
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193508 USD
CY2019 us-gaap Payments To Minority Shareholders
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0 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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-18605662 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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-916130 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-4657875 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-3059644 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53055091 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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56114735 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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48397216 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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53055091 USD
CY2020 us-gaap Interest Paid Net
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7149210 USD
CY2019 us-gaap Interest Paid Net
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9250743 USD
CY2020 panl Business Combination Deferred Consideration Transferred Non Controlling Interest
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7500000 USD
CY2019 panl Business Combination Deferred Consideration Transferred Non Controlling Interest
BusinessCombinationDeferredConsiderationTransferredNonControllingInterest
0 USD
CY2020Q4 panl Number Of Dry Bulk Vessels Financed Under Finance Leases
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4 vessel
CY2020Q1 panl Numberof Vessels Sold
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2 vessel
CY2020Q2 panl Numberof Vessels Sold
NumberofVesselsSold
1 vessel
CY2020 us-gaap Nature Of Operations
NatureOfOperations
NATURE OF ORGANIZATION<div style="text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consolidated financial statements include the operations of Pangaea Logistics Solutions Ltd. and its wholly-owned subsidiaries (collectively referred to as “the Company”), as well as other entities consolidated pursuant to Accounting Standards Codification (“ASC”) 810, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Consolidation</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. A summary of the Company’s consolidation policy is provided in Note 3. A summary of the Company’s variable interest entities is provided at Note 4. At December 31, 2020 and 2019, entities that are consolidated pursuant to ASC 810-10 include the following wholly-owned subsidiaries:</span></div><div style="text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Partners (Bermuda) Ltd. (“Bulk Partners”) – a corporation that was duly organized under the laws of Bermuda. The primary purpose of this corporation is a holding company.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Phoenix Bulk Carriers (BVI) Limited (“PBC”) – a corporation that was duly organized under the laws of the British Virgin Islands. The primary purpose of this corporation is to provide logistics services to its customers, and to manage and operate ocean-going vessels.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Phoenix Bulk Management Bermuda Limited (“PBM”) – a corporation that was duly organized under the laws of Bermuda. Certain of the administrative management functions of PBC have been assigned to PBM.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Americas Bulk Transport (BVI) Limited – a corporation that was duly organized under the laws of the British Virgin Islands. The primary purpose of this corporation is to charter ships.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Ocean Shipping (Bermuda) Ltd. – a corporation that was duly organized under the laws of Bermuda. The primary purpose of this corporation is to manage the fuel procurement of the chartered vessels.</span></div><div style="padding-left:36pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Phoenix Bulk Carriers (US) LLC – a corporation that duly organized under the laws of Delaware. The primary purpose of this corporation is to act as the U.S. administrative agent for the Company.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Allseas Logistics Bermuda Ltd. – a corporation that was duly organized under the laws of Bermuda. The primary purpose of this corporation is the Treasury Agent for the group of Companies.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Narragansett Bulk Carriers (US) Corp. - a corporation organized in July 2012 under the laws of Rhode Island. The primary purpose of this corporation is to manage and operate ocean-going vessels.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Pangaea Limited (“Bulk Pangaea”) – a corporation that was duly organized under the laws of Bermuda. Bulk Pangaea was established in September 2009 for the purpose of acquiring the m/v Bulk Pangaea.</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Patriot Ltd. (“Bulk Patriot”) – a corporation that was duly organized under the laws of Bermuda. Bulk Patriot was established in September 2011 for the purpose of acquiring the m/v Bulk Patriot.</span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Juliana Ltd. (“Bulk Juliana”) – a corporation that was duly organized under the laws of Bermuda. Bulk Juliana was established in March 2012 for the purpose of acquiring the m/v Bulk Juliana.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Trident Ltd. (“Bulk Trident”) – a corporation that was duly organized under the laws of Bermuda. Bulk Trident was established in August 2012 for the purpose of acquiring the m/v Bulk Trident.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Phoenix Ltd. (“Bulk Phoenix”) – a corporation that was duly organized under the laws of Bermuda. Bulk Phoenix was established in July 2013 for the purpose of acquiring the m/v Bulk Newport.</span></div><div style="padding-left:36pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Nordic Bulk Barents Ltd. (“Bulk Barents”) – a corporation that was duly organized under the laws of Bermuda. Bulk Barents was established in November 2013 for the purpose of acquiring the m/v Nordic Barents.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Nordic Bulk Bothnia Ltd. (“Bulk Bothnia”) – a corporation that was duly organized under the laws of Bermuda. Bulk Bothnia was established in November 2013 for the purpose of acquiring the m/v Nordic Bothnia.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">109 Long Wharf LLC (“Long Wharf”) – a limited liability company that was duly organized under the laws of Delaware for the objective and purpose of holding real estate located in Newport, Rhode Island.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Nordic Bulk Ventures (Cyprus) Limited (“NBV”) – a corporation that was duly organized in April 2009 under the laws of Cyprus. NBV is the holding company of Nordic Bulk Carriers AS (“NBC”). NBC specializes in ice trading, as well as the carriage of a wide range of commodities, including cement clinker, steel scrap, fertilizers, and grains. </span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Nordic Bulk Carriers Singapore Pte. Ltd. ("NBS") - a corporation that was duly organized in March 2014 under the laws of Singapore. NBS focuses on chartering and operating bulk carriers trading in a wide range of commodities; and is a wholly-owned subsidiary of NBC.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Nordic Bulk Ventures Holding Company Ltd. (“BVH”) – a corporation that was duly organized under the laws of Bermuda. BVH was established in August 2013 for the purpose of owning Bulk Nordic Five Ltd. (“Five”) and Bulk Nordic Six Ltd. (“Six”). Five and Six are corporations that were duly organized under the laws of Bermuda in November 2013 for the purpose of owning m/v Bulk Destiny and m/v Bulk Endurance, ultramax newbuildings delivered in January 2017. The Company acquired its joint venture partner's 50% interest in January 2017 for $0.8 million after which BVH is a wholly-owned subsidiary of the Company.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Freedom Corp. (“Bulk Freedom”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Freedom was established in May 2017 for the purpose of acquiring the m/v Bulk Freedom.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Pride Corp. (“Bulk Pride”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Pride was established in October 2017 for the purpose of acquiring the m/v Bulk Pride.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Flintstone Ventures Limited ("FVL") - a corporation that was duly organized under the laws of the Province of Nova Scotia on March 17, 2017. FVL focuses on the carriage of specialized cargo.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk PODS Ltd. (“Bulk PODS”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk PODS was established in April 2018 for the purpose of acquiring the m/v Bulk PODS.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Spirit Ltd. (“Bulk Spirit”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Spirit was established in October 2018 for the purpose of acquiring the m/v Bulk Spirit.</span></div><div style="text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Independence Ltd. (“Bulk Independence”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Independence was established in May 2019 for the purpose of acquiring the m/v Bulk Independence.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Friendship Ltd. (“Bulk Friendship”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Friendship was established in September 2019 for the purpose of acquiring the m/v Bulk Friendship.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Nordic Seven LLC. (“Bulk Seven”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Seven was established in April 2019 for the purpose of entering into new shipbuilding contract.</span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Nordic Eight LLC. (“Bulk Eight”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Eight was established in April 2019 for the purpose of entering into a new shipbuilding contract.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Nordic Nine LLC. (“Bulk Nine”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Nine was established in August 2019 for the purpose of entering into a new shipbuilding contract.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Bulk Nordic Ten LLC. (“Bulk Ten”) – a corporation that was duly organized under the laws of the Marshall Islands. Bulk Nine was established in August 2019 for the purpose of entering into a new shipbuilding contract.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At December 31, 2020 and 2019, entities that are consolidated pursuant to ASC 810-10, but which are not wholly-owned, include the following: </span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Nordic Bulk Holding Company Ltd. (“NBHC”) - a corporation that was duly organized under the laws of Bermuda. NBHC was established in October 2012, for the purpose of owning Bulk Nordic Odyssey Ltd. (“Bulk Odyssey”) and Bulk Nordic Orion Ltd. (“Bulk Orion”) and to invest in additional vessels through its wholly-owned subsidiaries. On September 28, 2020, the Company acquired an additional one-third equity interest in its partially-owned consolidated subsidiary Nordic Bulk Holding Company Ltd. (“NBHC”) from one of NBHC’s shareholders. The Company owns two-thirds equity interest of NBHC after the acquisition and the remainder one-third equity interest is owned by a third-party at December 31, 2020. The Company determined that NBHC is a VIE and that it is the primary beneficiary of NBHC, as it has the power to direct its activities through time charter arrangements with NBC covering all of its owned vessels. Accordingly, the Company has consolidated NBHC for the years ended December 31, 2020 and 2019. Bulk Odyssey, Bulk Orion, Bulk Nordic Oshima Ltd. (“Bulk Oshima”), Bulk Nordic Olympic Ltd. (“Bulk Olympic”), Bulk Nordic Odin Ltd. (“Bulk Odin”) and Bulk Nordic Oasis Ltd. (“Bulk Oasis”), corporations duly organized under the laws of Bermuda between March 2012 and February 2015, are owned by NBHC. These entities were established for the purpose of owning m/v Nordic Odyssey, m/v Nordic Orion, m/v Nordic Oshima, m/v Nordic Olympic, m/v Nordic Odin and m/v Nordic Oasis, respectively. On December 23, 2020 NBHC formed two new wholly owned subsidiaries, Bulk Nordic Odyssey (MI) Corp., and Bulk Nordic Orion (MI) Corp. for the purpose of transferring ownership of the m/v Nordic Odyssey and m/v Nordic Orion to these companies respectively.</span></div><div style="padding-left:47.25pt;text-align:justify"><span><br/></span></div><div style="padding-left:47.25pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Venture Logistics NL Inc. ("VLNL") - a corporation that was duly organized in the St. John’s, Canada on October 19, 2018. VLNL was established for the purpose of owning and operating a deck barge.</span></div>•Nordic Bulk Partners LLC. (“NBP”) – a corporation that was duly organized under the laws of the Marshall Island. NBP was established in September 2019 for the purpose of providing funding to Bulk Seven, Bulk Eight, Bulk Nine, and Bulk Ten for the construction of four newbuilding vessels and subsequently at completion and delivery of the newbuilding vessels owning Bulk Seven, Bulk Eight, Bulk Nine, and Bulk Ten. Bulk Seven, Bulk Eight, Bulk Nine and Bulk Ten are corporations that were duly organized under the laws of the Marshall Islands in September 2019 for the purpose of constructing and owning Post-Panamax newbuilding vessels expected to be delivered in 2021. At December 31, 2020 the Company had a 75% ownership interest in NBP, the remainder of which is owned by a third-party. At delivery of the newbuilding vessels NBP will ultimately be owned 50% by Pangaea and 50% by a third-party.
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the percentage completion of spot voyages, the establishment of the allowance for doubtful accounts and the estimate of salvage value used in determining vessel depreciation expense.</span></div>
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;text-decoration:underline">Concentrations of Credit Risk</span></div><div style="text-align:justify;text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash equivalents, trade receivables and derivative instruments. The Company maintains its cash accounts with various high-quality financial institutions in the United States, Germany, and Bermuda. The Company performs periodic evaluations of the relative credit standing of these financial institutions. The Company does not believe that significant concentration of credit risk exists with respect to these cash equivalents. Trade accounts receivable are recorded at the invoiced amount, and do not bear interest. The Company performs ongoing credit evaluations of its customers’ financial condition, but does not require collateral. Historically, credit risk with respect to trade accounts receivable has been considered minimal due to the long-standing relationships with significant customers, and their relative financial stability. However, current economic conditions could impact the collectibility of certain customers' trade receivables, which could have a material effect on the Company's results of operations. Derivative instruments are recorded at fair value. The Company does not have any off-balance sheet credit exposure related to its customers.</span></div>
CY2020Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
18443443 USD
CY2019Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
32150342 USD
CY2020Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
28453773 USD
CY2019Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
18404749 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46897216 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
50555091 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
2500000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48397216 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53055091 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1896038 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1908841 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
152416 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
898357 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
165219 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1346647 USD
CY2020Q4 panl Advance Hire
AdvanceHire
5026953 USD
CY2019Q4 panl Advance Hire
AdvanceHire
3985826 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3706396 USD
CY2019Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4924557 USD
CY2020Q4 panl Accrued Receivable
AccruedReceivable
6823409 USD
CY2019Q4 panl Accrued Receivable
AccruedReceivable
6466068 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
814062 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
269379 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3145125 USD
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3124995 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
19515945 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
18770825 USD
CY2020Q4 panl Vessels Salvage Value Per Lightweight Ton
VesselsSalvageValuePerLightweightTon
300 USD
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
1800000 USD
CY2019 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
4800000 USD
CY2019Q4 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-4600000 USD
CY2020Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
6547299 USD
CY2019Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
9302292 USD
CY2020Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
2650091 USD
CY2019Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
5164419 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3897208 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4137873 USD
CY2020 panl Amortization Of Deferred Financing Costs And Bank Fees
AmortizationOfDeferredFinancingCostsAndBankFees
662440 USD
CY2019 panl Amortization Of Deferred Financing Costs And Bank Fees
AmortizationOfDeferredFinancingCostsAndBankFees
727020 USD
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
24173291 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10654357 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
14883555 USD
CY2020Q4 us-gaap Notes Payable Current
NotesPayableCurrent
2500000 USD
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
18678099 USD
CY2019Q4 us-gaap Notes Payable Current
NotesPayableCurrent
0 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
567832 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
916789 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
32400288 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
39973635 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
578000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
458000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
2315000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
1737315 USD
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2020Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
93401776 USD
CY2019Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
90245646 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
95434525 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
92279147 USD
CY2020Q4 panl Number Of Vessels Leased To Customers
NumberOfVesselsLeasedToCustomers
12 vessel
CY2020Q4 panl Number Of Vessels Leased To Customers
NumberOfVesselsLeasedToCustomers
12 vessel
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
2404000 USD
CY2020 panl Time Charter Term To Completion
TimeCharterTermToCompletion
P30D
CY2020Q4 panl Number Of Noncancelable Office Leases
NumberOfNoncancelableOfficeLeases
2 lease
CY2020Q4 panl Vessels And Vessel Improvements Property Plant And Equipement Gross
VesselsAndVesselImprovementsPropertyPlantAndEquipementGross
356929323 USD
CY2019Q4 panl Vessels And Vessel Improvements Property Plant And Equipement Gross
VesselsAndVesselImprovementsPropertyPlantAndEquipementGross
348563194 USD
CY2020Q4 panl Accumulated Depreciation Depletion And Amortization Vessel Improvements
AccumulatedDepreciationDepletionAndAmortizationVesselImprovements
82887697 USD
CY2019Q4 panl Accumulated Depreciation Depletion And Amortization Vessel Improvements
AccumulatedDepreciationDepletionAndAmortizationVesselImprovements
69636742 USD
CY2020Q4 panl Vessels And Vessel Improvements Property Plant And Equipment Net
VesselsAndVesselImprovementsPropertyPlantAndEquipmentNet
274041626 USD
CY2019Q4 panl Vessels And Vessel Improvements Property Plant And Equipment Net
VesselsAndVesselImprovementsPropertyPlantAndEquipmentNet
278926452 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4859332 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4473725 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2159207 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
281474857 USD
CY2020Q4 panl Vessels And Vessel Improvements Property Plant And Equipment Net
VesselsAndVesselImprovementsPropertyPlantAndEquipmentNet
274041626 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1925320 USD
CY2020Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
2700125 USD
CY2019Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
2548405 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
276741751 USD
CY2019Q4 panl Vessels And Vessel Improvements Property Plant And Equipment Net
VesselsAndVesselImprovementsPropertyPlantAndEquipmentNet
278926452 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
45240198 USD
CY2019Q4 panl Capitalleaseassetnet
Capitalleaseassetnet
53615305 USD
CY2019 panl Number Of Capitalized Vessels
NumberOfCapitalizedVessels
3 vessel
CY2020 panl Number Of Capitalized Vessels
NumberOfCapitalizedVessels
3 vessel
CY2020 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P5Y
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
5419597 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
24292430 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2106956 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
8620885 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
105787590 USD
CY2020 panl Technical Management Fees
TechnicalManagementFees
2761800 USD
CY2019 panl Technical Management Fees
TechnicalManagementFees
3364200 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
57382674 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
7965048 USD
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
45447751 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4500000 shares
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2314940 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1737315 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1461923 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.89
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
958480 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.94
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
433667 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
2.83
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
70918 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.78
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
748026 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
2.84
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
4667 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
2.79
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
3.20
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1915818 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.97
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
662301 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1825426 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.96
CY2018Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
4063598 USD
CY2019 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
4658576 USD
CY2019 us-gaap Dividends Cash
DividendsCash
8090213 USD
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
631961 USD
CY2020 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
908955 USD
CY2020 us-gaap Dividends Cash
DividendsCash
535153 USD
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1005763 USD
CY2020Q4 panl Number Of Vessels
NumberOfVessels
3 vessel
CY2019Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2019Q3 panl Investment In Newbuildings In Process
InvestmentInNewbuildingsInProcess
15400000 USD
CY2019Q3 panl Number Of Dry Bulk Vessels Financed Under Finance Leases
NumberOfDryBulkVesselsFinancedUnderFinanceLeases
4 numberOfVessel
panl Sale Of Vessel Contracted Maximum Selling Price
SaleOfVesselContractedMaximumSellingPrice
32000000 USD
CY2019Q3 panl Sale Of Vessel Contracted Selling Price At Fair Market Value Percentage
SaleOfVesselContractedSellingPriceAtFairMarketValuePercentage
0.85
panl Contractual Obligation Vessel Charter Period
ContractualObligationVesselCharterPeriod
P15Y
CY2019Q3 us-gaap Purchase Obligation
PurchaseObligation
2500000 USD
panl Time Charter Term To Completion
TimeCharterTermToCompletion
P15Y
CY2020 panl Noncancelable Office Lease Noncancelable Period
NoncancelableOfficeLeaseNoncancelablePeriod
P6M
CY2020 us-gaap Lease Cost
LeaseCost
200000 USD
CY2019 us-gaap Lease Cost
LeaseCost
200000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
9380057 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
9264017 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
9148487 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
26062633 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
5443736 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
7576832 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
66875762 USD
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
9377276 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
57498486 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
6978192 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
50520294 USD
CY2020Q4 us-gaap Beneficial Interest
BeneficialInterest
4800000 USD
CY2020 panl Earnings Attributable To Noncontrolling Interest Recorded As Interest Expense
EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense
177802 USD
CY2019 panl Earnings Attributable To Noncontrolling Interest Recorded As Interest Expense
EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense
44950 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
95900000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
70400000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
103700000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
112800000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
79600000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
83300000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
118900000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
130500000 USD
CY2020Q1 panl Voyage Expense
VoyageExpense
47800000 USD
CY2020Q2 panl Voyage Expense
VoyageExpense
31800000 USD
CY2020Q3 panl Voyage Expense
VoyageExpense
40700000 USD
CY2020Q4 panl Voyage Expense
VoyageExpense
41600000 USD
CY2019Q1 panl Voyage Expense
VoyageExpense
32200000 USD
CY2019Q2 panl Voyage Expense
VoyageExpense
37200000 USD
CY2019Q3 panl Voyage Expense
VoyageExpense
45100000 USD
CY2019Q4 panl Voyage Expense
VoyageExpense
51000000.0 USD
CY2019Q1 panl Charter Hire Expense
CharterHireExpense
24900000 USD
CY2019Q4 panl Charter Hire Expense
CharterHireExpense
47700000 USD
CY2019Q2 panl Charter Hire Expense
CharterHireExpense
18300000 USD
CY2019Q3 panl Charter Hire Expense
CharterHireExpense
42000000.0 USD
CY2020Q1 panl Charter Hire Expense
CharterHireExpense
32300000 USD
CY2020Q2 panl Charter Hire Expense
CharterHireExpense
15200000 USD
CY2020Q3 panl Charter Hire Expense
CharterHireExpense
35000000.0 USD
CY2020Q4 panl Charter Hire Expense
CharterHireExpense
45300000 USD
CY2020Q1 panl Vessel Operating Expense
VesselOperatingExpense
9900000 USD
CY2020Q2 panl Vessel Operating Expense
VesselOperatingExpense
9300000 USD
CY2020Q3 panl Vessel Operating Expense
VesselOperatingExpense
9700000 USD
CY2020Q4 panl Vessel Operating Expense
VesselOperatingExpense
9100000 USD
CY2019Q1 panl Vessel Operating Expense
VesselOperatingExpense
9800000 USD
CY2019Q2 panl Vessel Operating Expense
VesselOperatingExpense
11100000 USD
CY2019Q3 panl Vessel Operating Expense
VesselOperatingExpense
11300000 USD
CY2019Q4 panl Vessel Operating Expense
VesselOperatingExpense
13100000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4000000.0 USD
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3900000 USD
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3700000 USD
CY2020Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4400000 USD
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4000000.0 USD
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5400000 USD
CY2019Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2800000 USD
CY2019Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5200000 USD
CY2020Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
4200000 USD
CY2020Q2 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
4300000 USD
CY2020Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
4200000 USD
CY2020Q4 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
4200000 USD
CY2019Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
4400000 USD
CY2019Q2 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
4500000 USD
CY2019Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
4700000 USD
CY2019Q4 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
5000000.0 USD
CY2019Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2019Q3 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2020Q1 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2020Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
1800000 USD
CY2020Q3 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2020Q4 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2019Q1 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2019Q4 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
4800000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
100000 USD
CY2020Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-300000 USD
CY2020Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-500000 USD
CY2020Q4 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2019Q2 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2019Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
CY2019Q4 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-4600000 USD
CY2020Q1 us-gaap Operating Expenses
OperatingExpenses
98100000 USD
CY2020Q2 us-gaap Operating Expenses
OperatingExpenses
66600000 USD
CY2020Q3 us-gaap Operating Expenses
OperatingExpenses
93800000 USD
CY2020Q4 us-gaap Operating Expenses
OperatingExpenses
104600000 USD
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
75300000 USD
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
76500000 USD
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
105900000 USD
CY2019Q4 us-gaap Operating Expenses
OperatingExpenses
131400000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-2200000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3800000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
9900000 USD
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
8200000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
4300000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
6800000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
13000000.0 USD
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-900000 USD
CY2020Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
2100000 USD
CY2020Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
2000000.0 USD
CY2020Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
2000000.0 USD
CY2020Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
1800000 USD
CY2019Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
2200000 USD
CY2019Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
2100000 USD
CY2019Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
2500000 USD
CY2019Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
2400000 USD
CY2020Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0 USD
CY2020Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0 USD
CY2020Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0 USD
CY2020Q4 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0 USD
CY2019Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0 USD
CY2019Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
100000 USD
CY2019Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0 USD
CY2019Q4 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0 USD
CY2020Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4400000 USD
CY2020Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-2900000 USD
CY2020Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1400000 USD
CY2020Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
CY2020Q4 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1400000 USD
CY2019Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2300000 USD
CY2019Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
200000 USD
CY2019Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-300000 USD
CY2019Q4 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
500000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
600000 USD
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 USD
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
300000 USD
CY2020Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
200000 USD
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
200000 USD
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
200000 USD
CY2019Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-300000 USD
CY2019Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2200000 USD
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-500000 USD
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1700000 USD
CY2020Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-400000 USD
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
300000 USD
CY2019Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1800000 USD
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2600000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-6800000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
3300000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
8200000 USD
CY2020Q4 us-gaap Profit Loss
ProfitLoss
7900000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
4500000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
5200000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
10400000 USD
CY2019Q4 us-gaap Profit Loss
ProfitLoss
-3000000.0 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
300000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
700000 USD
CY2020Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
300000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
800000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1100000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2100000 USD
CY2019Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1400000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-6800000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
3000000.0 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
7500000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
7600000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
3700000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
4100000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
8300000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-4400000 USD
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43341005 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43445789 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43488241 shares
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43489698 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42601227 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42767785 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42817933 shares
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42819589 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43341005 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43445789 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43510961 shares
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44337242 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43071632 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43293022 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43354742 shares
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42819589 shares

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