XML 56 R83.htm IDEA: XBRL DOCUMENT
v2.4.1.9

DEFERRED FINANCING COSTS (Details) (USD $) In Thousands, unless otherwise specified | 6 Months Ended | 12 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Dec. 31, 2014 | Jul. 09, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 12, 2010 | Aug. 20, 2010 | Aug. 29, 2013 | Nov. 30, 2010 | Apr. 16, 2010
Other assets, net |  |  |  |  |  |  |  |  |
Total deferred financing costs | $ 11,000 us-gaap_DeferredFinanceCostsNoncurrentGross |  |  |  |  |  |  |  |
Less: accumulated amortization | 729 us-gaap_AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts |  |  |  |  |  |  |  |
Total | 10,271 us-gaap_DeferredFinanceCostsNoncurrentNet |  |  |  |  |  |  |  |
Amortization of deferred financing costs | 845 us-gaap_AmortizationOfFinancingCosts |  |  |  |  |  |  |  |
$100 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | 100,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_SecuredTermLoanFacilityMember |  |  |  |  |  |  |  |
Total deferred financing costs | 1,492 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_CreditFacilityAxis = gnk_SecuredTermLoanFacilityMember |  |  |  |  |  |  |  |
$253 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | 253,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_SeniorSecuredTermLoanFacilityMember |  |  |  |  |  |  |  |
Total deferred financing costs | 3,135 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_CreditFacilityAxis = gnk_SeniorSecuredTermLoanFacilityMember |  |  |  |  |  |  |  |
Baltic Trading $148 Million Credit Facility |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | 148,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_TermLoanFacilityFourMember |  |  |  |  |  |  |  |
Total deferred financing costs | 3,233 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_CreditFacilityAxis = gnk_TermLoanFacilityFourMember |  |  |  |  |  |  |  |
Baltic Trading $22Million Term Loan Facility |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | 22,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_TermLoanFacilityOneMember |  |  |  |  |  |  |  |
Total deferred financing costs | 529 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_CreditFacilityAxis = gnk_TermLoanFacilityOneMember |  |  |  |  |  |  |  |
Baltic Trading $44 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | 44,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_TermLoanFacilityTwoMember |  |  |  |  |  |  |  |
Total deferred financing costs | 758 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_CreditFacilityAxis = gnk_TermLoanFacilityTwoMember |  |  |  |  |  |  |  |
Baltic Trading 2014 Term Loan Facilities |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Total deferred financing costs | 1,853 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_CreditFacilityAxis = gnk_TermLoanFacilityThreeMember |  |  |  |  |  |  |  |
Predecessor |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Total deferred financing costs |  |  | 44,290 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |  |
Less: accumulated amortization |  |  | 22,279 us-gaap_AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |  |
Total |  |  | 22,011 us-gaap_DeferredFinanceCostsNoncurrentNet / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |  |
Amortization of deferred financing costs |  | 4,461 us-gaap_AmortizationOfFinancingCosts / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember | 9,116 us-gaap_AmortizationOfFinancingCosts / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember | 5,413 us-gaap_AmortizationOfFinancingCosts / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |
Predecessor | 2010 Notes |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Total deferred financing costs |  |  | 3,637 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleNotesPayableMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |  |
Amortization of deferred financing costs |  | 216 us-gaap_AmortizationOfFinancingCosts / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleNotesPayableMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember | 720 us-gaap_AmortizationOfFinancingCosts / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleNotesPayableMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember | 722 us-gaap_AmortizationOfFinancingCosts / us-gaap_LongtermDebtTypeAxis = us-gaap_ConvertibleNotesPayableMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |
Predecessor | 2007 Credit Facility |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Total deferred financing costs |  |  | 29,568 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_CreditFacilityAxis = gnk_CreditFacility2007Member / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |  |
Predecessor | $100 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  | 100,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_SecuredTermLoanFacilityMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember | 100,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_SecuredTermLoanFacilityMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember | 100,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_SecuredTermLoanFacilityMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |
Total deferred financing costs |  |  | 1,783 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_CreditFacilityAxis = gnk_SecuredTermLoanFacilityMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |  |
Predecessor | $253 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  | 253,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_SeniorSecuredTermLoanFacilityMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember | 253,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_SeniorSecuredTermLoanFacilityMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  | 253,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_SeniorSecuredTermLoanFacilityMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |
Total deferred financing costs |  |  | 4,708 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_CreditFacilityAxis = gnk_SeniorSecuredTermLoanFacilityMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |  |
Predecessor | 2010 Baltic Trading Credit Facility |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  |  |  | 110,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_BalticTradingCreditFacility2010Member / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember | 150,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_BalticTradingCreditFacility2010Member / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember | 100,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_BalticTradingCreditFacility2010Member / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember
Total deferred financing costs |  |  | 3,339 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_CreditFacilityAxis = gnk_BalticTradingCreditFacility2010Member / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |  |
Predecessor | Baltic Trading $22Million Term Loan Facility |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  | 22,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_TermLoanFacilityOneMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |  |
Total deferred financing costs |  |  | 518 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_CreditFacilityAxis = gnk_TermLoanFacilityOneMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |  |
Predecessor | Baltic Trading $44 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Other assets, net |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  | 44,000 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_CreditFacilityAxis = gnk_TermLoanFacilityTwoMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |  |
Total deferred financing costs |  |  | $ 737 us-gaap_DeferredFinanceCostsNoncurrentGross / us-gaap_CreditFacilityAxis = gnk_TermLoanFacilityTwoMember / us-gaap_StatementScenarioAxis = us-gaap_PredecessorMember |  |  |  |  |  |

X
- Details
Name: | gnk_OtherAssetsLineItems
Namespace Prefix: | gnk_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Carrying amount of accumulated amortization of long-term deferred finance costs capitalized at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 17 -Article 5 + Details
Name: | us-gaap_AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 8 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 8 -Article 9 + Details
Name: | us-gaap_AmortizationOfFinancingCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Gross amount, as of the balance sheet date, of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings in periods after one year or beyond the normal operating cycle, if longer, over the life of the long-term debt instruments to which such costs pertain. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28555-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DeferredFinanceCostsNoncurrentGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Net amount of long-term deferred finance costs capitalized at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28555-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 17 -Article 5 + Details
Name: | us-gaap_DeferredFinanceCostsNoncurrentNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_CreditFacilityAxis=gnk_SecuredTermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=gnk_SeniorSecuredTermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=gnk_TermLoanFacilityFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=gnk_TermLoanFacilityOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=gnk_TermLoanFacilityThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=gnk_TermLoanFacilityTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementScenarioAxis=us-gaap_PredecessorMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |