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NONVESTED STOCK AWARDS (Tables) | 12 Months Ended
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Dec. 31, 2013
2005 and 2012 GS&T Plans [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 three years ended December 31, 2013 under the 2005 and 2012 GS&T Plans:
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
|  | Number of Shares |  |  | Weighted Average Grant Date Price |  |  | Number of Shares |  |  | Weighted Average Grant Date Price |  |  | Number of Shares |  |  | Weighted Average Grant Date Price |
Outstanding at January 1 |  |  | 1,108,762 |  |  | $ | 9.47 |  |  |  | 936,787 |  |  | $ | 14.06 |  |  |  | 809,087 |  |  | $ | 19.40 |
Granted |  |  | 200,634 |  |  |  | 1.57 |  |  |  | 464,175 |  |  |  | 2.71 |  |  |  | 357,500 |  |  |  | 6.46 |
Vested |  |  | (407,431 | ) |  |  | 9.46 |  |  |  | (290,700 | ) |  |  | 13.49 |  |  |  | (228,700 | ) |  |  | 21.08 |
Forfeited |  |  | (21,500 | ) |  |  | 5.53 |  |  |  | (1,500 | ) |  |  | 6.39 |  |  |  | (1,100 | ) |  |  | 14.65 |
Outstanding at December 31 |  |  | 880,465 |  |  | $ | 7.77 |  |  |  | 1,108,762 |  |  | $ | 9.47 |  |  |  | 936,787 |  |  | $ | 14.06 |
Schedule of nonvested stock amortization expense | For the years ended December 31, 2013, 2012 and 2011, the Company recognized nonvested stock amortization expense for the 2005 and 2012 GS&T Plans, which is included in general, administrative and management fees, as follows:
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
General, administrative and management fees |  | $ | 2,924 |  |  | $ | 4,087 |  |  | $ | 5,574 |
Baltic Trading Plan [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of nonvested stock awards | The following table presents a summary of Baltic Trading’s nonvested stock awards for the three years ended December 31, 2013 under the Baltic Trading Plan:
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
|  | Number of Baltic Trading Common Shares |  |  | Weighted Average Grant Date Price |  |  | Number of Baltic Trading Common Shares |  |  | Weighted Average Grant Date Price |  |  | Number of Baltic Trading Common Shares |  |  | Weighted Average Grant Date Price |
Outstanding at January 1 |  |  | 664,249 |  |  | $ | 7.70 |  |  |  | 545,750 |  |  | $ | 11.60 |  |  |  | 583,500 |  |  | $ | 13.40 |
Granted |  |  | 998,680 |  |  |  | 5.60 |  |  |  | 299,999 |  |  |  | 3.04 |  |  |  | 117,500 |  |  |  | 5.11 |
Vested |  |  | (281,500 | ) |  |  | 8.48 |  |  |  | (181,500 | ) |  |  | 11.71 |  |  |  | (155,250 | ) |  |  | 13.43 |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Outstanding at December 31 |  |  | 1,381,429 |  |  | $ | 6.03 |  |  |  | 664,249 |  |  | $ | 7.70 |  |  |  | 545,750 |  |  | $ | 11.60 |
Schedule of nonvested stock amortization expense | For the years ended December 31, 2013, 2012 and 2011, the Company recognized nonvested stock amortization expense for the Baltic Trading Plan, which is included in general, administrative and management fees, as follows:
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
General, administrative and management fees |  | $ | 1,558 |  |  | $ | 1,777 |  |  | $ | 2,764 |

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