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UNAUDITED QUARTERLY RESULTS OF OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2015
UNAUDITED QUARTERLY RESULTS OF OPERATIONS |
Schedule of unaudited quarterly results of operations |
|  | 2015 |
|  | Successor |
|  | Quarter Ended |
(In thousands, except share and per share amounts) |  | March 31 |  | June 30 |  | September 30 |  | December 31 |
Voyage Revenues |  | $ | 33,609 |  | $ | 33,772 |  | $ | 49,167 |  | $ | 34,236 |
Operating loss |  | (73,763 | ) | (46,194 | ) | (35,294 | ) | (37,616 | )
Net loss |  | (79,115 | ) | (51,952 | ) | (73,803 | ) | (49,498 | )
Net loss attributable to noncontrolling interest |  | (40,673 | ) | (11,620 | ) | (7,178 | ) | — |
Net loss attributable to Genco Shipping & Trading Limited |  | (38,442 | ) | (40,332 | ) | (66,625 | ) | (49,498 | )
Net loss per share - basic (1) |  | $ | (0.64 | ) | $ | (0.67 | ) | $ | (0.95 | ) | $ | (0.69 | )
Net loss per share - diluted (1) |  | $ | (0.64 | ) | $ | (0.67 | ) | $ | (0.95 | ) | $ | (0.69 | )
Weighted average common shares outstanding - basic |  | 60,430,789 |  | 60,487,189 |  | 69,824,338 |  | 72,174,041 |
Weighted average common shares outstanding - diluted |  | 60,430,789 |  | 60,487,189 |  | 69,824,338 |  | 72,174,041 |
|  | 2014 |
|  | Predecessor |  | Successor |
|  |  |  |  |  | Period from |  | Period from |  | Quarter Ended |
|  | Quarter Ended |  | July 1 to July 9 |  | July 9 to |  | December 31 |
(In thousands, except share and per share amounts) |  | March 31 |  | June 30 |  | (restated) |  | September 30 |  | (restated) |
Voyage Revenues |  | $ | 63,180 |  | $ | 51,545 |  | $ | 4,034 |  | $ | 43,943 |  | $ | 54,874 |
Operating loss |  | (20,766 | ) | (26,552 | ) | (8,356 | ) | (17,436 | ) | (185,796 | )
Net loss |  | (42,238 | ) | (65,557 | ) | (905,455 | ) | (22,562 | ) | (190,795 | )
Net loss attributable to noncontrolling interest |  | (3,133 | ) | (5,033 | ) | (53,935 | ) | (4,272 | ) | (26,792 | )
Net loss attributable to Genco Shipping & Trading Limited |  | (39,105 | ) | (60,524 | ) | (851,520 | ) | (18,290 | ) | (164,003 | )
Net loss per share - basic (1) |  | $ | (0.90 | ) | $ | (1.39 | ) | $ | (19.54 | ) | $ | (0.30 | ) | $ | (2.72 | )
Net loss per share - diluted (1) |  | $ | (0.90 | ) | $ | (1.39 | ) | $ | (19.54 | ) | $ | (0.30 | ) | $ | (2.72 | )
Weighted average common shares outstanding - basic |  | 43,568,942 |  | 43,568,942 |  | 43,568,942 |  | 60,299,766 |  | 60,415,981 |
Weighted average common shares outstanding - diluted |  | 43,568,942 |  | 43,568,942 |  | 43,568,942 |  | 60,299,766 |  | 60,415,981 |
| (1) |  | Amounts may not total to annual loss because each quarter and year are calculated separately based on basic and diluted weighted-average common shares outstanding during that period.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 + Details
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