XML 28 R54.htm IDEA: XBRL DOCUMENT
v3.2.0.727

SEGMENT INFORMATION (Details) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2015 USD ($) | Jun. 30, 2014 USD ($) | Jun. 30, 2015 USD ($) item | Jun. 30, 2014 USD ($) | Dec. 31, 2014 USD ($)
SEGMENT INFORMATION |  |  |  |  |
Number of reportable segments | item |  |  | 2 |  |
Number of operating segments | item |  |  | 2 |  |
Voyage revenue from external customers |  |  |  |  |
Total consolidated voyage revenue from external customers | $ 33,772 |  | $ 67,381 |  |
Intersegment revenue |  |  |  |  |
Total consolidated intersegment revenue | 819 |  | 1,629 |  |
Net loss |  |  |  |  |
Net loss | (51,952) |  | (131,066) |  |
Total assets |  |  |  |  |
Total consolidated assets | 1,669,600 |  | 1,669,600 |  | $ 1,752,913
Operating Segments |  |  |  |  |
Voyage revenue from external customers |  |  |  |  |
Total consolidated voyage revenue from external customers | 33,772 |  | 67,381 |  |
Intersegment revenue |  |  |  |  |
Total consolidated intersegment revenue | 1,671 |  | 3,051 |  |
Net loss |  |  |  |  |
Net loss | (51,958) |  | (130,797) |  |
Total assets |  |  |  |  |
Total consolidated assets | 1,671,688 |  | 1,671,688 |  | 1,753,338
Intersegment Elimination |  |  |  |  |
Intersegment revenue |  |  |  |  |
Total consolidated intersegment revenue | (1,671) |  | (3,051) |  |
Net loss |  |  |  |  |
Net loss | 6 |  | (269) |  |
Total assets |  |  |  |  |
Total consolidated assets | (2,088) |  | (2,088) |  | (425)
Predecessor |  |  |  |  |
Voyage revenue from external customers |  |  |  |  |
Total consolidated voyage revenue from external customers |  | $ 51,545 |  | $ 114,725 |
Intersegment revenue |  |  |  |  |
Total consolidated intersegment revenue |  | 819 |  | 1,629 |
Net loss |  |  |  |  |
Net loss |  | (65,557) |  | (107,796) |
Predecessor | Operating Segments |  |  |  |  |
Voyage revenue from external customers |  |  |  |  |
Total consolidated voyage revenue from external customers |  | 51,545 |  | 114,725 |
Intersegment revenue |  |  |  |  |
Total consolidated intersegment revenue |  | 1,022 |  | 2,067 |
Net loss |  |  |  |  |
Net loss |  | (65,548) |  | (107,651) |
Predecessor | Intersegment Elimination |  |  |  |  |
Intersegment revenue |  |  |  |  |
Total consolidated intersegment revenue |  | (1,022) |  | (2,067) |
Net loss |  |  |  |  |
Net loss |  | (9) |  | (145) |
Baltic Trading | Operating Segments |  |  |  |  |
Voyage revenue from external customers |  |  |  |  |
Total consolidated voyage revenue from external customers | 6,813 |  | 13,725 |  |
Net loss |  |  |  |  |
Net loss | (13,088) |  | (58,899) |  |
Total assets |  |  |  |  |
Total consolidated assets | 394,375 |  | 394,375 |  | 482,415
Baltic Trading | Predecessor | Operating Segments |  |  |  |  |
Voyage revenue from external customers |  |  |  |  |
Total consolidated voyage revenue from external customers |  | 10,703 |  | 23,794 |
Net loss |  |  |  |  |
Net loss |  | (5,674) |  | (9,207) |
GS&T | Operating Segments |  |  |  |  |
Voyage revenue from external customers |  |  |  |  |
Total consolidated voyage revenue from external customers | 26,959 |  | 53,656 |  |
Intersegment revenue |  |  |  |  |
Total consolidated intersegment revenue | 1,671 |  | 3,051 |  |
Net loss |  |  |  |  |
Net loss | (38,870) |  | (71,898) |  |
Total assets |  |  |  |  |
Total consolidated assets | $ 1,277,313 |  | $ 1,277,313 |  | $ 1,270,923
GS&T | Predecessor | Operating Segments |  |  |  |  |
Voyage revenue from external customers |  |  |  |  |
Total consolidated voyage revenue from external customers |  | 40,842 |  | 90,931 |
Intersegment revenue |  |  |  |  |
Total consolidated intersegment revenue |  | 1,022 |  | 2,067 |
Net loss |  |  |  |  |
Net loss |  | $ (59,874) |  | $ (98,444) |

X
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + 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 210.5-02.18) -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 210 -SubTopic 10 -Section S99 -Paragraph 1 -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 03 -Paragraph 12 -Article 7 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 18 -Article 5 + Details
Name: | us-gaap_Assets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_AssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Revenue from transporting cargo and freight between locations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(d)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_CargoAndFreightRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_NetIncomeLossAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues. + References No definition available. + Details
Name: | us-gaap_NumberOfOperatingSegments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. + References No definition available. + Details
Name: | us-gaap_NumberOfReportableSegments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4K -URI http://asc.fasb.org/extlink&oid=35736750&loc=SL4591552-111686 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4J -URI http://asc.fasb.org/extlink&oid=35736750&loc=SL4591551-111686 + Details
Name: | us-gaap_ProfitLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenuesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(d)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 + Details
Name: | us-gaap_SalesRevenueServicesNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationRevenueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember
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: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=gnk_BalticTradingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=gnk_GencoShippingAndTradingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |