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UNAUDITED QUARTERLY RESULTS OF OPERATIONS
 12 Months Ended
Dec. 31, 2013
UNAUDITED QUARTERLY RESULTS OF OPERATIONS [Abstract]  
UNAUDITED QUARTERLY RESULTS OF OPERATIONS
24 — UNAUDITED QUARTERLY RESULTS OF OPERATIONS

In the opinion of the Company’s management, all adjustments, consisting of normal recurring accruals considered necessary for a fair presentation have been included on a quarterly basis.

 
 
2013 Quarter Ended
  
2012 Quarter Ended
 
 
 
Mar 31
  
Jun 30
  
Sept 30
  
Dec. 31
  
Mar 31
  
Jun 30
  
Sept 30
  
Dec. 31
 
 
 
(In thousands, except share and per share amounts)
 
Revenues
 
$
40,486
  
$
45,760
  
$
59,433
  
$
81,785
  
$
59,844
  
$
62,931
  
$
54,431
  
$
49,247
 
Operating (loss) income
  
(30,474
)
  
(27,075
)
  
(13,387
)
  
4,030
   
(12,521
)
  
(10,433
)
  
(20,194
)
  
(26,197
)
 
                                
Net loss
  
(51,950
)
  
(48,940
)
  
(36,976
)
  
(19,155
)
  
(36,383
)
  
(30,492
)
  
(42,037
)
  
(48,864
)
Net (loss) income attributable to noncontrolling interest
  
(3,787
)
  
(3,571
)
  
(1,942
)
  
20
   
(3,312
)
  
(2,751
)
  
(3,588
)
  
(3,197
)
Net loss attributable to Genco Shipping & Trading Limited
  
(48,163
)
  
(45,369
)
  
(35,034
)
  
(19,175
)
  
(33,071
)
  
(27,741
)
  
(38,449
)
  
(45,667
)
 
                                
Net loss per share - Basic (2)
 
$
(1.12
)
 
$
(1.05
)
 
$
(0.81
)
 
$
(0.43
)
 
$
(0.87
)
 
$
(0.65
)
 
$
(0.90
)
 
$
(1.06
)
Net loss per share - Diluted (2)
 
$
(1.12
)
 
$
(1.05
)
 
$
(0.81
)
 
$
(0.43
)
 
$
(0.87
)
 
$
(0.65
)
 
$
(0.90
)
 
$
(1.06
)
Dividends declared and paid per share(1)
 
$
—
  
$
—
  
$
—
  
$
—
  
$
—
  
$
—
  
$
—
  
$
—
 
Weighted average common shares outstanding - Basic
  
43,161,510
   
43,196,895
   
43,231,510
   
43,403,894
   
38,090,590
   
42,878,228
   
42,885,810
   
43,026,657
 
Weighted average common shares outstanding - Diluted
  
43,161,510
   
43,196,895
   
43,231,510
   
43,403,894
   
38,090,590
   
42,878,228
   
42,885,810
   
43,026,657
 
 
(1)Does not include cash dividends paid by Baltic Trading.
(2)Amounts may not total to annual earnings (loss) because each  quarter and year are calculated separately based on basic and diluted weighted-average common shares outstanding during that period.