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Condensed Consolidated Statements of Equity - USD ($) $ in Thousands | Genco Shipping & Trading Limited Shareholders' Equity | Common Stock | Additional Paid-in Capital | Accumulated Other Comprehensive (Loss) Income | Retained (Deficit) Earnings | Noncontrolling Interest | Total
--- | --- | --- | --- | --- | --- | --- | ---
Balance (Predecessor) at Dec. 31, 2011 | $ 1,151,606 | $ 363 | $ 809,443 | $ (17,549) | $ 359,349 | $ 210,012 | $ 1,361,618
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |  |
Net loss | Predecessor | (144,928) |  |  |  | (144,928) | (12,848) | (157,776)
Unrealized (loss) gain on investments | Predecessor | (3,480) |  |  | (3,480) |  |  | (3,480)
Unrealized gain on cash flow hedges, net | Predecessor | 9,188 |  |  | 9,188 |  |  | 9,188
Issuance of common stock (131,017 and 7,500,000 during the years ended December 31, 2014 and 2012) | Predecessor | 49,874 | 75 | 49,799 |  |  |  | 49,874
Issuance of shares of nonvested stock, less forfeitures | Predecessor |  | 5 | (5) |  |  |  |
Nonvested stock amortization | Predecessor | 4,087 |  | 4,087 |  |  | 1,777 | 5,864
Cash dividends paid by Baltic Trading Limited | Predecessor | (30) |  |  |  | (30) | (4,051) | (4,081)
Vesting of restricted shares issued by Baltic Trading Limited | Predecessor | (21) |  | (21) |  |  | 21 |
Balance (Predecessor) at Dec. 31, 2012 | 1,066,296 | 443 | 863,303 | (11,841) | 214,391 | 194,911 | 1,261,207
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |  |
Net loss | Predecessor | (147,741) |  |  |  | (147,741) | (9,280) | (157,021)
Unrealized (loss) gain on investments | Predecessor | 56,482 |  |  | 56,482 |  |  | 56,482
Unrealized gain on cash flow hedges, net | Predecessor | 9,081 |  |  | 9,081 |  |  | 9,081
Issuance of shares of nonvested stock, less forfeitures | Predecessor |  | 2 | (2) |  |  |  |
Nonvested stock amortization | Predecessor | 2,924 |  | 2,924 |  |  | 1,558 | 4,482
Issuance of common stock of Baltic Trading Limited | Predecessor | (19,532) |  | (19,532) |  |  | 155,695 | 136,163
Cash dividends paid by Baltic Trading Limited | Predecessor | (6) |  |  |  | (6) | (1,583) | (1,589)
Vesting of restricted shares issued by Baltic Trading Limited | Predecessor | (35) |  | (35) |  |  | 35 |
Balance (Predecessor) at Dec. 31, 2013 | 967,469 | 445 | 846,658 | 53,722 | 66,644 | 341,336 | 1,308,805
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |  |
Net loss | Predecessor | (951,149) |  |  |  | (951,149) | (62,101) | (1,013,250)
Unrealized (loss) gain on investments | Predecessor | (25,766) |  |  | (25,766) |  |  | (25,766)
Unrealized gain on cash flow hedges, net | Predecessor | 2,401 |  |  | 2,401 |  |  | 2,401
Nonvested stock amortization | Predecessor | 2,403 |  | 2,403 |  |  | 1,949 | 4,352
Cancellation of Predecessor common stock and accumulated deficit | 34,930 | (445) | (849,130) |  | 884,505 |  | 34,930
Elimination of Predecessor accumulated other comprehensive income | (30,357) |  |  | (30,357) |  |  | (30,357)
Issuance of new equity interests in connection with emergence from Chapter 11, including $100 rights offering - 60,299,757 shares | 1,233,000 | 603 | 1,232,397 |  |  |  | 1,233,000
Cash dividends paid by Baltic Trading Limited | Predecessor | (5) |  | (5) |  |  | (2,041) | (2,046)
Vesting of restricted shares issued by Baltic Trading Limited | Predecessor | 74 |  | 74 |  |  | (74) |
Balance at Jul. 09, 2014 | 1,233,000 | 603 | 1,232,397 |  |  | 279,069 | 1,512,069
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |  |
Subtotal - July 9, 2014 (Predecessor) | Predecessor | (4,573) | 445 | 849,130 | 30,357 | (884,505) | 279,069 | 274,496
Net loss | (182,294) |  |  |  | (182,294) | (31,064) | (213,358)
Unrealized (loss) gain on investments | (25,317) |  |  | (25,317) |  |  | (25,317)
Issuance of common stock (131,017 and 7,500,000 during the years ended December 31, 2014 and 2012) |  | 1 | (1) |  |  |  |
Issuance of shares of nonvested stock, less forfeitures |  | 11 | (11) |  |  |  |
Nonvested stock amortization | 18,854 |  | 18,854 |  |  | 1,551 | 20,405
Cash dividends paid by Baltic Trading Limited | (3) |  | (3) |  |  | (1,022) | (1,025)
Vesting of restricted shares issued by Baltic Trading Limited | (39) |  | (39) |  |  | 39 |
Balance at Dec. 31, 2014 | $ 1,044,201 | $ 615 | $ 1,251,197 | $ (25,317) | $ (182,294) | $ 248,573 | $ 1,292,774

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