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Fair value measurements and Hedging (Tables) | 12 Months Ended
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Dec. 31, 2018
Fair Value Disclosures [Abstract] |
Derivative instruments effect on statement of operations |
| Year ended December 31,
|  | 2016 |  | 2017 |  |  | 2018
Consolidated Statement of Operations |  |  |  |  |  |  |
Gain/(loss) on derivative financial instruments, net |  |  |  |  |  |  |
Unrealized gain/(loss) from the Goldman Sachs Swaps after de-designation of accounting hedging relationship (April 1, 2015) | $ | 2,974 | $ | 2,802 |  | $ | 140
Realized gain/(loss) from the Goldman Sachs Swaps after de-designation of accounting hedging relationship (April 1, 2015) |  | (5,048) |  | (2,556) |  |  | (141)
Write-off of unrealized losses related to forecasted transactions which are no longer considered probable reclassified from other comprehensive income/(loss) |  | (42) |  | - |  |  | 708
Ineffective portion of cash flow hedges |  | - |  | - |  |  | -
Total Gain/(loss) on derivative financial instruments, net | $ | (2,116) | $ | 246 |  | $ | 707
Interest and finance costs |  |  |  |  |  |  |
Reclassification adjustments of interest rate swap loss/(gain) transferred to Interest and finance costs from Other comprehensive income/(loss) (Note 8) |  | (1,252) |  | (852) |  |  | 3
Total Gain/(loss) recognized | $ | (1,252) | $ | (852) |  | $ | 3
Gain/(loss) on forward freight agreements and bunker swaps |  |  |  |  |  |  |
Realized gain/(loss) on forward freight agreements |  | 370 |  | (877) |  |  | (599)
Realized gain/(loss) on bunker swaps |  | - |  | - |  |  | 1,491
Unrealized gain/(loss) on forward freight agreements |  | 41 |  | (24) |  |  | 520
Unrealized gain/(loss) on bunker swaps |  | - |  | 60 |  |  | (1,859)
Total Gain/(loss) recognized | $ | 411 | $ | (841) |  | $ | (447)
Fair value measurements on a recurring basis |
| Significant Other Observable Inputs (Level 2)
| December 31, 2017 | December 31, 2018 |
| (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 agreements - asset position | $ 17 | - | $ 537 | -
Bunker swaps - asset position | 60 | - | - | -
Interest rate swaps - asset position | - | - | - | -
Total | $ 77 | - | $ 537 | -
LIABILITIES |  |  |  |
Forward freight agreements - liability position | $ - | - | - | -
Bunker swaps - liability position | - | - | 1,799 | -
Interest rate swaps - liability position | 609 | 16 | - | -
Total | $ 609 | 16 | 1,799 | -
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 | $ - | $ 12,700 | $ - | $ 10,684
TOTAL | $ - | $ 12,700 | $ - | $ 10,684
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
Held for sale | $ - | $ 5,949 | $ - | $ 1,606
Vessels, net | $ - | $ 14,893 | $ - | $ 16,178
TOTAL | $ - | $ 20,842 | $ - | $ 17,784

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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