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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended
Jul. 09, 2014
Sep. 30, 2015
Sep. 30, 2014
Jul. 09, 2014
Sep. 30, 2015
Revenues:          
Voyage revenues   $ 49,167 $ 43,943   $ 116,548
Service revenues   828 756   2,457
Total revenues   49,995 44,699   119,005
Operating expenses:          
Voyage expenses   6,638 2,335   14,775
Vessel operating expenses   31,544 27,248   90,143
General, administrative, and management fees   26,983 15,492   73,798
Depreciation and amortization   20,124 17,356   58,933
Other operating income     (296)    
Impairment of vessel assets   0     35,396
Loss on sale of vessels   0     1,210
Total operating expenses   85,289 62,135   274,255
Operating loss   (35,294) (17,436)   (155,250)
Other (expense) income:          
Impairment of investment   (32,536) 0   (32,536)
Other (expense) income   (653) 7   (707)
Interest income   22 19   71
Interest expense   (4,876) (3,592)   (13,887)
Other expense   (38,043) (3,566)   (47,059)
Loss before reorganization items, net   (73,337) (21,002)   (202,309)
Reorganization items, net   (174) (1,167)   (1,006)
Loss before income taxes   (73,511) (22,169)   (203,315)
Income tax expense   (292) (393)   (1,553)
Net loss   (73,803) (22,562)   (204,868)
Less: Net loss attributable to noncontrolling interest   (7,178) (4,272)   (59,471)
Net loss attributable to Genco Shipping & Trading Limited   $ (66,625) $ (18,290)   $ (145,397)
Net loss per share-basic   $ (0.95) $ (0.30)   $ (2.29)
Net loss per share-diluted   $ (0.95) $ (0.30)   $ (2.29)
Weighted average common shares outstanding-basic   69,824,338 60,299,766   63,615,181
Weighted average common shares outstanding-diluted   69,824,338 60,299,766   63,615,181
Predecessor          
Revenues:          
Voyage revenues $ 4,034     $ 118,759  
Service revenues 72     1,701  
Total revenues 4,106     120,460  
Operating expenses:          
Voyage expenses 200     4,140  
Vessel operating expenses 2,902     64,670  
General, administrative, and management fees 6,147     31,371  
Depreciation and amortization 3,213     75,952  
Total operating expenses 12,462     176,133  
Operating loss (8,356)     (55,673)  
Other (expense) income:          
Impairment of investment 0     0  
Other (expense) income 1     (106)  
Interest income       45  
Interest expense (1,529)     (41,061)  
Other expense (1,528)     (41,122)  
Loss before reorganization items, net (9,884)     (96,795)  
Reorganization items, net (895,534)     (915,640)  
Loss before income taxes (905,418)     (1,012,435)  
Income tax expense (38)     (815)  
Net loss (905,456)     (1,013,250)  
Less: Net loss attributable to noncontrolling interest (53,935)     (62,101)  
Net loss attributable to Genco Shipping & Trading Limited $ (851,521)     $ (951,149)  
Net loss per share-basic $ (19.54)     $ (21.83)  
Net loss per share-diluted $ (19.54)     $ (21.83)  
Weighted average common shares outstanding-basic 43,568,942     43,568,942  
Weighted average common shares outstanding-diluted 43,568,942     43,568,942