XML 54 R40.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Fair value measurements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Fair value measurements [Abstract] |
Derivative instruments effect on statement of operations |
Consolidated Statement of Operations |  |  |  |  |  |  |  |
| 2014 |  |  | 2015 |  |  | 2016
Gain/(loss) on derivative instruments, net |  |  |  |  |  |  |  |
Unrealized gain/(loss) from the Credit Agricole Swaps and the HSH Swaps before hedging designation (August 31, 2014) | $ | (799) |  | $ | - |  | $ | -
Unrealized gain/(loss) from the Goldman Sachs Swaps after de-designation of accounting hedging relationship (April 1, 2015) |  | - |  |  | 3,443 |  |  | 2,974
Realized gain/(loss) from the Goldman Sachs Swaps after de-designation of accounting hedging relationship (April 1, 2015) |  | - |  |  | (4,918) |  |  | (5,048)
Write-off of unrealized loss related to forecasted transactions which are no longer considered probable reclassified from other comprehensive income/(loss) |  | - |  |  | (1,793) |  |  | (42)
Ineffective portion of cash flow hedges |  | - |  |  | - |  |  | -
Total Gain/(Loss) on derivative instruments, net | $ | (799) |  | $ | (3,268) |  | $ | (2,116)
Interest and finance costs |  |  |  |  |  |  |  |
Reclassification adjustments of interest rate swap loss transferred to Interest and finance costs from Other comprehensive income/(loss) |  | (1,055) |  |  | (2,416) |  |  | (1,252)
Total Gain/(Loss) recognized | $ | (1,854) |  | $ | (5,684) |  | $ | (3,368)
Gain/(Loss) on forward freight agreements |  |  |  |  |  |  |  |
Realized gain on forward freight agreements |  | - |  |  | - |  |  | 370
Unrealized gain on forward freight agreements |  | - |  |  | - |  |  | 41
Total Gain/(Loss) recognized | $ | - |  | $ | - |  | $ | 411
Fair value measurements on a recurring basis |
| Significant Other Observable Inputs (Level 2)
| 2015 |  | 2016
|  | (not designated as cash flow hedges) |  | (designated as cash flow hedges) |  |  | (not designated as cash flow hedges) |  | (designated as cash flow hedges)
ASSETS |  |  |  |  |  |  |  |  |
Forward freight agreement - asset position | $ | - |  | - |  | $ | 41 |  | -
Total | $ | - |  | - |  | $ | 41 |  | -
LIABILITIES |  |  |  |  |  |  |  |  |
Interest rate swaps - liability position (current and non-current) | $ | 7,642 |  | 807 |  | $ | 2,908 |  | 437
Total | $ | 7,642 |  | 807 |  | $ | 2,908 |  | 437
Fair value measurements on a nonrecurring basis |
Long-lived assets held and used | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) Impairment loss | Impairment loss
Vessels, net | $ — | $ 259,775 | $ — | $145,631
Advances for vessels under construction | — | 36,152 | — | 158,532
TOTAL | $ — | $ 295,927 | $ — | $ 304,163
Long-lived assets held and used | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) Impairment loss | Impairment loss
Vessels, net | $ — | $ 12,700 | $ — | $ 10,684
TOTAL | $ — | $ 12,700 | $ — | $ 10,684

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration