XML 69 R65.htm IDEA: XBRL DOCUMENT v3.3.0.814
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended 24 Months Ended
Dec. 31, 2014
Jul. 09, 2014
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Income Taxes            
Ownership percentage held by each shareholder (as a percent)     5.00%      
Federal tax rate (as a percent)     4.00%      
Taxable income $ (212,362)          
Income tax expense 996          
Total revenue earned 1,584          
Intersegment Elimination            
Income Taxes            
Total revenue earned (2,309)          
Maximum            
Income Taxes            
Combined ownership held by 5% shareholders (as a percent)     50.00%      
Federal tax rate (as a percent)     35.00%      
Percentage of shipping income attributable to transportation that begins or ends in the United States included in United States source shipping income (in hundredths)     50.00%      
Vessel Management Services            
Income Taxes            
Taxable income 2,178          
Income tax expense 978          
Total revenue earned 3,893          
Vessel Management Services | Intersegment Elimination            
Income Taxes            
Total revenue earned $ (2,309)          
Predecessor            
Income Taxes            
Ownership percentage held by each shareholder (as a percent)       5.00% 5.00%  
Taxable income   $ (1,012,435)   $ (155,123) $ (156,554)  
Income tax expense   815   1,898 1,222  
Total revenue earned   1,701   3,285 3,294  
Predecessor | Intersegment Elimination            
Income Taxes            
Total revenue earned   (2,156)   (4,571) (2,816)  
Predecessor | Maximum            
Income Taxes            
Combined ownership held by 5% shareholders (as a percent)           50.00%
Predecessor | Vessel Management Services            
Income Taxes            
Taxable income   1,723   4,235 2,655  
Income tax expense   776   1,864 1,194  
Total revenue earned   3,857   7,856 6,110  
Predecessor | Vessel Management Services | Intersegment Elimination            
Income Taxes            
Total revenue earned   (2,156)   (4,571) (2,816)  
Baltic Trading | Minimum            
Income Taxes            
Aggregate voting power held (as a percent) 50.00%   50.00%      
Baltic Trading | United States            
Income Taxes            
Taxable income $ 450          
Income tax expense $ 18          
Baltic Trading | Predecessor | United States            
Income Taxes            
Taxable income   965   832 690  
Income tax expense   $ 39   $ 34 $ 28