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STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2015
2014 MIP Plan |
Nonvested Stock Awards |
Summary of nonvested stock awards |
|  | Number of Shares |  | Weighted Average Grant Date Price |
Outstanding at January 1, 2015 - Successor |  | 1,110,600 |  | $ | 20.00 |
Granted |  | — |  | — |
Vested |  | — |  | — |
Forfeited |  | — |  | — |
Outstanding at June 30, 2015 - Successor |  | 1,110,600 |  | $ | 20.00 |
Summary of warrant activity and warrants outstanding | The following table summarizes all the warrant activity for the six months ended June 30, 2015:
|  | Number of Warrants |  | Weighted Average Exercise Price |  | Weighted Average Fair Value |
Outstanding at January 1, 2015 - Successor |  | 8,557,461 |  | $ | 30.31 |  | $ | 6.36 |
Granted |  | — |  | — |  | — |
Exercised |  | — |  | — |  | — |
Forfeited |  | — |  | — |  | — |
Outstanding at June 30, 2015 - Successor |  | 8,557,461 |  | $ | 30.31 |  | $ | 6.36 |
The following table summarizes certain information about the warrants outstanding as of June 30, 2015:
|  | Warrants Outstanding, June 30, 2015 |  | Warrants Exercisable, June 30, 2015 |
|  |  |  |  |  | Weighted |  |  |  |  |
|  |  |  | Weighted |  | Average |  |  |  | Weighted |
Weighted Average Exercise Price |  | Number of Warrants |  | Average Exercise Price |  | Remaining Contractual Life |  | Number of Warrants |  | Average Exercise Price |
$ | 30.31 |  | 8,557,461 |  | $ | 30.31 |  | 5.11 |  | — |  | — |
Schedule of nonvested stock amortization expense |
|  | Successor |
|  | Three Months Ended June 30, 2015 |  | Six Months Ended June 30, 2015 |
General, administrative and management fees |  | $ | 3,382 |  | $ | 6,727 |
Baltic Trading Plan |
Nonvested Stock Awards |
Summary of nonvested stock awards |
|  | Number of Baltic Trading Common Shares |  | Weighted Average Grant Date Price |
Outstanding at January 1, 2015 |  | 1,941,844 |  | $ | 3.80 |
Granted |  | — |  | — |
Vested |  | — |  | — |
Forfeited |  | — |  | — |
Outstanding at June 30, 2015 |  | 1,941,844 |  | $ | 3.80 |
Schedule of nonvested stock amortization expense |
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30, |
|  | Successor |  | Predecessor |  | Successor |  | Predecessor |
|  | 2015 |  | 2014 |  | 2015 |  | 2014 |
General, administrative and management fees |  | $ | 791 |  | $ | 908 |  | $ | 1,608 |  | $ | 1,871 |
Predecessor | 2005 and 2012 GS&T Plans |
Nonvested Stock Awards |
Schedule of nonvested stock amortization expense |
|  | Predecessor |
|  | Three Months Ended June 30, 2014 |  | Six Months Ended June 30, 2014 |
General, administrative and management fees |  | $ | 393 |  | $ | 820 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph i -Article 4 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 28 -Article 5 + Details
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