XML 37 R97.htm IDEA: XBRL DOCUMENT
v2.4.1.9

RESTATEMENT OF CONSOLIDATING FINANCIAL STATEMENTS (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Dec. 31, 2014 | Sep. 30, 2014 | Dec. 31, 2014 | Jul. 10, 2010
Net (loss) income attributable to Genco Shipping & Trading Limited | $ (164,003)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ (18,290)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ (182,294)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
Net (loss) income attributable to noncontrolling interest | (26,792)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | (4,272)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | (31,064)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
Net (loss) income | (190,795)us-gaap_ProfitLoss | (22,562)us-gaap_ProfitLoss | (213,358)us-gaap_ProfitLoss |
Net loss per share - basic and diluted |  |  | $ 3.02 us-gaap_EarningsPerShareBasicAndDiluted |
Genco Shipping & Trading Limited shareholders' equity | 1,044,201 us-gaap_StockholdersEquity |  | 1,044,201 us-gaap_StockholdersEquity |
Noncontrolling interest | 248,573 us-gaap_MinorityInterest |  | 248,573 us-gaap_MinorityInterest |
Total equity | 1,292,774 us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |  | 1,292,774 us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 1,512,069 us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Previously Reported |  |  |  |
Net (loss) income attributable to Genco Shipping & Trading Limited |  |  | (204,117)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic / us-gaap_StatementScenarioAxis = us-gaap_ScenarioPreviouslyReportedMember |
Net (loss) income attributable to noncontrolling interest |  |  | (9,241)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest / us-gaap_StatementScenarioAxis = us-gaap_ScenarioPreviouslyReportedMember |
Net loss per share - basic and diluted |  |  | $ 3.38 us-gaap_EarningsPerShareBasicAndDiluted / us-gaap_StatementScenarioAxis = us-gaap_ScenarioPreviouslyReportedMember |
Genco Shipping & Trading Limited shareholders' equity | 1,022,378 us-gaap_StockholdersEquity / us-gaap_StatementScenarioAxis = us-gaap_ScenarioPreviouslyReportedMember |  | 1,022,378 us-gaap_StockholdersEquity / us-gaap_StatementScenarioAxis = us-gaap_ScenarioPreviouslyReportedMember |
Noncontrolling interest | 270,396 us-gaap_MinorityInterest / us-gaap_StatementScenarioAxis = us-gaap_ScenarioPreviouslyReportedMember |  | 270,396 us-gaap_MinorityInterest / us-gaap_StatementScenarioAxis = us-gaap_ScenarioPreviouslyReportedMember |
Restatement Adjustment |  |  |  |
Net (loss) income attributable to Genco Shipping & Trading Limited |  |  | 21,823 us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic / us-gaap_StatementScenarioAxis = us-gaap_RestatementAdjustmentMember |
Net (loss) income attributable to noncontrolling interest |  |  | (21,823)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest / us-gaap_StatementScenarioAxis = us-gaap_RestatementAdjustmentMember |
Genco Shipping & Trading Limited shareholders' equity | 21,823 us-gaap_StockholdersEquity / us-gaap_StatementScenarioAxis = us-gaap_RestatementAdjustmentMember |  | 21,823 us-gaap_StockholdersEquity / us-gaap_StatementScenarioAxis = us-gaap_RestatementAdjustmentMember |
Noncontrolling interest | $ (21,823)us-gaap_MinorityInterest / us-gaap_StatementScenarioAxis = us-gaap_RestatementAdjustmentMember |  | $ (21,823)us-gaap_MinorityInterest / us-gaap_StatementScenarioAxis = us-gaap_RestatementAdjustmentMember |

X
- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. + References No definition available. + Details
Name: | us-gaap_EarningsPerShareBasicAndDiluted
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). + 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 210.5-02.31) -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 27 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 20 -Article 7 + Details
Name: | us-gaap_MinorityInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4J -URI http://asc.fasb.org/extlink&oid=35736750&loc=SL4591551-111686 + Details
Name: | us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1377-109256 + Details
Name: | us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4K -URI http://asc.fasb.org/extlink&oid=35736750&loc=SL4591552-111686 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4J -URI http://asc.fasb.org/extlink&oid=35736750&loc=SL4591551-111686 + Details
Name: | us-gaap_ProfitLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 + Details
Name: | us-gaap_StockholdersEquity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4568447-111683 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4568740-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4I -URI http://asc.fasb.org/extlink&oid=35736750&loc=SL4590271-111686 + Details
Name: | us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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

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