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UNAUDITED QUARTERLY RESULTS OF OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2014
UNAUDITED QUARTERLY RESULTS OF OPERATIONS |
Schedule of unaudited quarterly results of operations |
|  | 2014 |
|  | Predecessor |  | Successor |
|  |  |  | Period from |  | Period from |  |  |
|  | Quarter Ended |  | July 1 to |  | July 9 to |  | Quarter Ended |
|  | March 31 |  | June 30 |  | July 9 |  | September 30 |  | December 31 |
|  | (In thousands, except share and per share amounts) |
Revenues |  | $ | 63,180 |  | $ | 51,545 |  | $ | 4,034 |  | $ | 43,943 |  | $ | 54,874 |
Operating (loss) income |  | (20,766 | ) | (26,552 | ) | (8,356 | ) | (17,436 | ) | (185,796 | )
Net (loss) income |  | (42,238 | ) | (65,557 | ) | 892,351 |  | (22,562 | ) | (190,795 | )
Net (loss) income attributable to noncontrolling interest |  | (3,133 | ) | (5,033 | ) | (568 | ) | (4,272 | ) | (4,969 | )
Net (loss) income attributable to Genco Shipping & Trading Limited |  | (39,105 | ) | (60,524 | ) | 892,919 |  | (18,290 | ) | (185,826 | )
Net (loss) earnings per share - basic (2) |  | $ | (0.90 | ) | $ | (1.39 | ) | $ | 20.49 |  | $ | (0.30 | ) | $ | (3.08 | )
Net (loss) earnings per share - diluted (2) |  | $ | (0.90 | ) | $ | (1.39 | ) | $ | 20.49 |  | $ | (0.30 | ) | $ | (3.08 | )
Dividends declares and paid per share (1) |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Weighted average common shares outstanding - basic |  | 43,568,942 |  | 43,568,942 |  | 43,568,942 |  | 60,299,766 |  | 60,415,981 |
Weighted average common shares outstanding - diluted |  | 43,568,942 |  | 43,568,942 |  | 43,568,942 |  | 60,299,766 |  | 60,415,981 |
|  | 2013 |
|  | Predecessor |
|  | Quarter Ended |
|  | March 31 |  | June 30 |  | September 30 |  | December 31 |
Revenues |  | $ | 40,486 |  | $ | 45,760 |  | $ | 59,433 |  | $ | 81,785 |
Operating (loss) income |  | (30,474 | ) | (27,075 | ) | (13,387 | ) | 4,030 |
Net (loss) income |  | (51,950 | ) | (48,940 | ) | (36,976 | ) | (19,155 | )
Net (loss) income attributable to noncontrolling interest |  | (3,787 | ) | (3,571 | ) | (1,942 | ) | 20 |
Net (loss) income attributable to Genco Shipping & Trading Limited |  | (48,163 | ) | (45,369 | ) | (35,034 | ) | (19,175 | )
Net (loss) earnings per share - basic (2) |  | $ | (1.12 | ) | $ | (1.05 | ) | $ | (0.81 | ) | $ | (0.43 | )
Net (loss) earnings per share - diluted (2) |  | $ | (1.12 | ) | $ | (1.05 | ) | $ | (0.81 | ) | $ | (0.43 | )
Dividends declares and paid per share (1) |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Weighted average common shares outstanding - basic |  | 43,161,510 |  | 43,196,895 |  | 43,231,510 |  | 43,403,894 |
Weighted average common shares outstanding - diluted |  | 43,161,510 |  | 43,196,895 |  | 43,231,510 |  | 43,403,894 |
| (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.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 + Details
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