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NONVESTED STOCK AWARDS (Tables) | 9 Months Ended
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Sep. 30, 2013
2005 and 2012 GS&T Plans [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Nonvested Stock Awards | For the three and nine months ended September 30, 2013 and 2012, the Company recognized nonvested stock amortization expense for the GS&T Plans, which is included in general, administrative and management fees, as follows:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30, |
| 2013 |  | 2012 |  | 2013 |  | 2012 |
General, administrative, and management fees |  | $ | 749 |  |  | $ | 1,069 |  |  | $ | 2,314 |  |  | $ | 3,214 |
Nonvested Stock Amortization Expense | For the three and nine months ended September 30, 2013 and 2012, the Company recognized nonvested stock amortization expense for the Baltic Trading Plan, which is included in general, administrative and management fees, as follows:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30, |
| 2013 |  | 2012 |  | 2013 |  | 2012 |
General, administrative, and management fees |  | $ | 341 |  |  | $ | 403 |  |  | $ | 1,156 |  |  | $ | 1,377 |
Baltic Trading Plan [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Nonvested Stock Awards | The table below summarizes the Company’s nonvested stock awards for the nine months ended September 30, 2013 under the Genco Shipping & Trading Limited 2005 and 2012 Equity Incentive Plans (the “GS&T Plans”):
|  | Number of Shares |  |  | Weighted Average Grant Date Price |
Outstanding at January 1, 2013 |  |  | 1,108,762 |  |  | $ | 9.47 |
Granted |  |  | 200,634 |  |  |  | 1.57 |
Vested |  |  | (70,000 | ) |  |  | 2.86 |
Forfeited |  |  | (21,500 | ) |  |  | 5.53 |
Outstanding at September 30, 2013 |  |  | 1,217,896 |  |  | $ | 8.61 |
Nonvested Stock Amortization Expense | The following table presents a summary of Baltic Trading’s nonvested stock awards for the nine months ended September 30, 2013 under the Baltic Trading Limited 2010 Equity Incentive Plan (the “Baltic Trading Plan”):
|  | Number of Baltic Trading Common Shares |  |  | Weighted Average Grant Date Price |
Outstanding at January 1, 2013 |  |  | 664,249 |  |  | $ | 7.70 |
Granted |  |  | 59,680 |  |  |  | 3.77 |
Vested |  |  | (166,500 | ) |  |  | 10.76 |
Forfeited |  |  | — |  |  |  | — |
Outstanding at September 30, 2013 |  |  | 557,429 |  |  | $ | 6.37 |

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- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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