XML 40 R76.htm IDEA: XBRL DOCUMENT
v3.2.0.727

DEFERRED FINANCING COSTS (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Apr. 07, 2015 | Dec. 31, 2014 | Aug. 30, 2013 | Aug. 20, 2010 | Aug. 12, 2010
Deferred financing costs |  |  |  |  |  |  |  |  |
Total deferred financing costs | $ 13,128 |  | $ 13,128 |  |  | $ 11,000 |  |  |
Less: accumulated amortization | 1,780 |  | 1,780 |  |  | 729 |  |  |
Total | 11,348 |  | 11,348 |  |  | 10,271 |  |  |
Amortization of deferred financing costs | 564 |  | 1,051 |  |  |  |  |  |
Secured Debt | $100 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | 100,000 |  | 100,000 |  |  | 100,000 |  |  |
Total deferred financing costs | 1,656 |  | 1,656 |  |  | 1,492 |  |  |
Secured Debt | $253 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | 253,000 |  | 253,000 |  |  | 253,000 |  |  |
Total deferred financing costs | 3,485 |  | 3,485 |  |  | 3,135 |  |  |
Secured Debt | $44 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | 44,000 |  | 44,000 |  |  | 44,000 |  |  |
Total deferred financing costs | 862 |  | 862 |  |  | 758 |  |  |
Secured Debt | Baltic Trading $22 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | 22,000 |  | 22,000 |  |  | 22,000 |  |  |
Total deferred financing costs | 544 |  | 544 |  |  | 529 |  |  |
Secured Debt | 2014 Baltic Trading Term Loan Facilities |  |  |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  |  |  |
Total deferred financing costs | 1,871 |  | 1,871 |  |  | 1,853 |  |  |
Revolving credit facility | 2015 Revolving Credit Facility |  |  |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  | $ 59,500 |  |  |  |
Total deferred financing costs | 1,254 |  | 1,254 |  |  |  |  |  |
Line of Credit facility | Baltic Trading $148 Million Credit Facility |  |  |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | 148,000 |  | 148,000 |  |  | 148,000 |  |  |
Total deferred financing costs | $ 3,456 |  | $ 3,456 |  |  | $ 3,233 |  |  |
Predecessor |  |  |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  |  |  |
Amortization of deferred financing costs |  | $ 2,071 |  | $ 4,291 |  |  |  |  |
Predecessor | Secured Debt | $100 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  | 100,000 |  | 100,000 |  |  |  |  | $ 100,000
Predecessor | Secured Debt | $253 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  | 253,000 |  | 253,000 |  |  |  | $ 253,000 |
Predecessor | Secured Debt | $44 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  | 44,000 |  | 44,000 |  |  |  |  |
Predecessor | Secured Debt | Baltic Trading $22 Million Term Loan Facility |  |  |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  | $ 22,000 |  | $ 22,000 |  |  | $ 22,000 |  |

X
- Definition Carrying amount of accumulated amortization of long-term deferred finance costs capitalized at the end of the reporting period. + 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 210.5-02.17) -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 17 -Article 5 + Details
Name: | us-gaap_AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 8 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 8 -Article 9 + Details
Name: | us-gaap_AmortizationOfFinancingCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Gross amount, as of the balance sheet date, of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings in periods after one year or beyond the normal operating cycle, if longer, over the life of the long-term debt instruments to which such costs pertain. + 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 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28555-108399 + Details
Name: | us-gaap_DeferredFinanceCostsNoncurrentGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Net amount of long-term deferred finance costs capitalized at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28555-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 17 -Article 5 + Details
Name: | us-gaap_DeferredFinanceCostsNoncurrentNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + 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 210.5-02.19(b),22(b)) -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 19, 22 -Article 5 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=gnk_SecuredTermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=gnk_SeniorSecuredTermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=gnk_SecuredTermLoanFacilityDue2019Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=gnk_BalticTradingTermLoanFacilityOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=gnk_BalticTradingTermLoanFacility2014Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=gnk_RevolvingCreditFacility2015Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=gnk_BalticTradingCreditFacility2014Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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