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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2014

SEGMENT INFORMATION

Reconciliation of Segment total voyage revenue to total consolidated voyage revenue from external customers

		Successor				Predecessor
		Period from July 9 to December 31,				Period from January 1 to July 9,				For the Years Ended December 31,
		2014				2014				2013			2012
Voyage revenue from external customers
GS&T		$		77,885		$		94,171		$	188,206		$	195,855
Baltic Trading		20,932				24,588				35,973			27,304
Total operating segments		98,817				118,759				224,179			223,159
Eliminating revenue		—				—				—			—
Total consolidated voyage revenue from external customers		$		98,817		$		118,759		$	224,179		$	223,159

Reconciliation of total intersegment revenue

		Successor			Predecessor
		Period from July 9 to December 31,			Period from January 1 to July 9,			For the Years Ended December 31,
		2014			2014			2013			2012
Intersegment Revenue
GS&T		$	2,309		$	2,156		$	4,571		$	2,816
Baltic Trading		—			—			—			—
Total operating segments		2,309			2,156			4,571			2,816
Eliminating revenue		(2,309		)	(2,156		)	(4,571		)	(2,816		)
Total consolidated intersegment revenue		$	—		$	—		$	—		$	—

Reconciliation of segment total depreciation and amortization expense to total consolidated depreciation and amortization expense

		Successor			Predecessor
		Period from July 9 to December 31,			Period from January 1 to July 9,			For the Years Ended December 31,
		2014			2014			2013			2012
Depreciation and amortization
GS&T		$	28,922		$	65,237		$	125,344		$	124,405
Baltic Trading		7,794			10,829			15,564			14,814
Total operating segments		36,716			76,066			140,908			139,219
Eliminating depreciation and amortization		(2		)	(114		)	(165		)	(156		)
Total consolidated depreciation and amortization		$	36,714		$	75,952		$	140,743		$	139,063

Reconciliation of total interest expense for the Company's operating segments to total consolidated interest expense

		Successor			Predecessor
		Period from July 9 to December 31,			Period from January 1 to July 9,			For the Years Ended December 31,
		2014			2014			2013			2012
Interest expense
GS&T		$	4,791		$	37,998		$	83,761		$	83,306
Baltic Trading		2,829			3,063			4,455			4,252
Total operating segments		7,620			41,061			88,216			87,558
Eliminating interest expense		—			—			—			—
Total consolidated interest expense		$	7,620		$	41,061		$	88,216		$	87,558

Reconciliation of Segment total net (loss) income to total consolidated net (loss) income

		Successor			Predecessor
		Period from July 9 to December 31,			Period from January 1 to July 9,			For the Years Ended December 31,
		2014			2014			2013			2012
Net (loss) income
GS&T		$	(177,921	)	$	878,127		$	(144,054	)	$	(139,295	)
Baltic Trading		(35,032		)	(93,430		)	(11,392		)	(17,270		)
Total operating segments		(212,953		)	784,697			(155,446		)	(156,565		)
Eliminating net loss (income)		405			140			1,575			1,211
Total consolidated net (loss) income		$	(213,358	)	$	784,557		$	(157,021	)	$	(157,776	)

Reconciliation of Segment total assets to total consolidated assets

		Successor			Predecessor
		December 31, 2014			December 31, 2013
Total assets
GS&T		$	1,270,923		$	2,404,811
Baltic Trading		482,415			557,367
Total operating segments		1,753,338			2,962,178
Eliminating assets		(425		)	(4,924		)
Total consolidated assets		$	1,752,913		$	2,957,254

Reconciliation of segment total expenditures for vessel purchases to total consolidated expenditures

		Successor			Predecessor
		Period from July 9 to December 31,			Period from January 1 to July 9,			For the Years Ended December 31,
		2014			2014			2013			2012
Expenditures for vessels
GS&T		$	831		$	1,043		$	192		$	1,155
Baltic Trading		23,922			28,952			146,598			—
Total operating segments		24,753			29,995			146,790			1,155
Eliminating expenditures for vessels		(280		)	—			(1,440		)	—
Total consolidated expenditures for vessels		$	24,473		$	29,995		$	145,350		$	1,155

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Tabular disclosure of all significant reconciling items in the reconciliation of expenditures for vessel purchases, including vessel deposits from reportable segments to the entity's consolidated expenditures for vessel purchases.

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Tabular disclosure of all significant reconciling items in the reconciliation of intersegment revenues from reportable segments to the entity's consolidated intersegment revenue.

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-Publisher FASB

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Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

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