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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) $ / shares in Units, $ in Thousands | 1 Months Ended | 2 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | ---
Jul. 31, 2014 USD ($) | Sep. 30, 2014 USD ($) | Dec. 31, 2014 USD ($) | Dec. 31, 2014 USD ($) $ / shares $ / item | Jul. 09, 2014 USD ($) $ / item | Dec. 31, 2014 USD ($) | Dec. 31, 2013 USD ($) | Dec. 31, 2012 USD ($)
Due from charterers, net |  |  |  |  |  |  |  |
Reserve against the due from charterers |  |  | $ 1,588 | $ 1,588 |  | $ 1,588 |  |
Accrual related to estimated customer claims |  |  | 662 | $ 662 |  | $ 662 |  |
Vessels, net |  |  |  |  |  |  |  |
Estimated scrap value (in dollars per lightweight ton) | $ / item |  |  |  | 310 |  |  |  |
Estimated life of average scrap value of steel |  |  |  | 15 years |  |  |  |
Decrease in depreciation expense |  |  |  | $ 1,540 |  |  |  |
Change to basic and diluted net loss per share as a result of decrease in depreciation | $ / shares |  |  |  | $ 0.03 |  |  |  |
Basic and diluted net loss per share if no change to estimated scrap value | $ / shares |  |  |  | $ (3.05) |  |  |  |
Fixed assets, net |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  | $ 36,714 |  |  |  |
Asset Impairment Charges | $ 0 | $ 0 | 0 |  |  |  |  |
Deferred drydocking costs |  |  |  |  |  |  |  |
Amortization expense for drydocking |  |  |  | 330 |  |  |  |
Goodwill |  |  |  |  |  |  |  |
Goodwill impairment |  |  | $ 166,067 | 166,067 |  |  |  |
Minimum |  |  |  |  |  |  |  |
Deferred drydocking costs |  |  |  |  |  |  |  |
Period for which vessels are required to be drydocked for major repairs and maintenance |  |  |  |  |  | 30 months |  |
Maximum |  |  |  |  |  |  |  |
Deferred drydocking costs |  |  |  |  |  |  |  |
Period for which vessels are required to be drydocked for major repairs and maintenance |  |  |  |  |  | 60 months |  |
Detail of Fixed Assets, Excluding Vessels |  |  |  |  |  |  |  |
Fixed assets, net |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  | 119 |  |  |  |
Furniture and Fixtures |  |  |  |  |  |  |  |
Fixed assets, net |  |  |  |  |  |  |  |
Useful lives |  |  |  |  |  | 5 years |  |
Vessel |  |  |  |  |  |  |  |
Vessels, net |  |  |  |  |  |  |  |
Estimated useful life |  |  |  |  |  | 25 years |  |
Depreciation expense |  |  |  | $ 36,265 |  |  |  |
Vessel | Minimum |  |  |  |  |  |  |  |
Fixed assets, net |  |  |  |  |  |  |  |
Useful lives |  |  |  |  |  | 2 years |  |
Vessel | Maximum |  |  |  |  |  |  |  |
Fixed assets, net |  |  |  |  |  |  |  |
Useful lives |  |  |  |  |  | 15 years |  |
Computer Equipment |  |  |  |  |  |  |  |
Fixed assets, net |  |  |  |  |  |  |  |
Useful lives |  |  |  |  |  | 3 years |  |
Predecessor |  |  |  |  |  |  |  |
Due from charterers, net |  |  |  |  |  |  |  |
Reserve against the due from charterers |  |  |  |  |  |  | $ 632 |
Accrual related to estimated customer claims |  |  |  |  |  |  | 536 |
Fixed assets, net |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  | $ 75,952 |  | 140,743 | $ 139,063
Asset Impairment Charges |  |  |  |  | 0 |  | 0 | 0
Deferred drydocking costs |  |  |  |  |  |  |  |
Amortization expense for drydocking |  |  |  |  | 3,738 |  | 5,700 | 5,064
Goodwill |  |  |  |  |  |  |  |
Goodwill |  |  |  |  | 166,067 |  |  |
Predecessor | Detail of Fixed Assets, Excluding Vessels |  |  |  |  |  |  |  |
Fixed assets, net |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  | 458 |  | 1,481 | 888
Predecessor | Vessel |  |  |  |  |  |  |  |
Vessels, net |  |  |  |  |  |  |  |
Depreciation expense |  |  |  |  | $ 71,756 |  | $ 133,562 | $ 133,111
Estimated scrap value (in dollars per lightweight ton) | $ / item |  |  |  |  | 245 |  |  |

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