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Consolidated Statements of Equity - USD ($) $ in Thousands | Genco Shipping & Trading Limited Shareholders' Equity | Common Stock | Additional Paid-in Capital | Accumulated Other Comprehensive (Loss) Income | Retained (Deficit) Earnings | Noncontrolling Interest | Total
--- | --- | --- | --- | --- | --- | --- | ---
Balance (Predecessor) at Dec. 31, 2012 | $ 1,066,296 | $ 443 | $ 863,303 | $ (11,841) | $ 214,391 | $ 194,911 | $ 1,261,207
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |  |
Net loss | Predecessor | (147,741) |  |  |  | (147,741) | (9,280) | (157,021)
Other comprehensive income | Predecessor |  |  |  |  |  |  | 65,563
Change in unrealized gain/loss on investments | Predecessor | 56,482 |  |  | 56,482 |  |  | 56,482
Unrealized gain on cash flow hedges, net | Predecessor | 9,081 |  |  | 9,081 |  |  | 9,081
Issuance of shares of nonvested stock, less forfeitures | Predecessor |  | 2 | (2) |  |  |  |
Nonvested stock amortization | Predecessor | 2,924 |  | 2,924 |  |  | 1,558 | 4,482
Issuance of common stock of Baltic Trading Limited | Predecessor | (19,532) |  | (19,532) |  |  | 155,695 | 136,163
Cash dividends paid by Baltic Trading Limited | Predecessor | (6) |  |  |  | (6) | (1,583) | (1,589)
Vesting of restricted shares issued by Baltic Trading Limited | Predecessor | (35) |  | (35) |  |  | 35 |
Balance (Predecessor) at Dec. 31, 2013 | 967,469 | 445 | 846,658 | 53,722 | 66,644 | 341,336 | 1,308,805
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |  |
Net loss | Predecessor | (951,149) |  |  |  | (951,149) | (62,101) | (1,013,250)
Other comprehensive income | Predecessor |  |  |  |  |  |  | (23,365)
Change in unrealized gain/loss on investments | Predecessor | (25,766) |  |  | (25,766) |  |  | (25,766)
Unrealized gain on cash flow hedges, net | Predecessor | 2,401 |  |  | 2,401 |  |  | 2,401
Nonvested stock amortization | Predecessor | 2,403 |  | 2,403 |  |  | 1,949 | 4,352
Cash dividends paid by Baltic Trading Limited | Predecessor | (5) |  | (5) |  |  | (2,041) | (2,046)
Vesting of restricted shares issued by Baltic Trading Limited | Predecessor | 74 |  | 74 |  |  | (74) |
Balance at Jul. 09, 2014 | 1,233,000 | 603 | 1,232,397 |  |  | 279,069 | 1,512,069
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |  |
Subtotal - July 9, 2014 (Predecessor) | Predecessor | (4,573) | 445 | 849,130 | 30,357 | (884,505) | 279,069 | 274,496
Net loss | (182,294) |  |  |  | (182,294) | (31,064) | (213,358)
Other comprehensive income |  |  |  |  |  |  | (25,317)
Change in unrealized gain/loss on investments | (25,317) |  |  | (25,317) |  |  | (25,317)
Issuance of shares of nonvested stock, less forfeitures |  | 11 | (11) |  |  |  |
Issuance of common stock (11,287,132 and 131,017 during the year ended December 31, 2015 and the period from July 9 to December 31, 2014) |  | 1 | (1) |  |  |  |
Nonvested stock amortization | 18,854 |  | 18,854 |  |  | 1,551 | 20,405
Cash dividends paid by Baltic Trading Limited | (3) |  | (3) |  |  | (1,022) | (1,025)
Vesting of restricted shares issued by Baltic Trading Limited | (39) |  | (39) |  |  | 39 |
Balance at Dec. 31, 2014 | 1,044,201 | 615 | 1,251,197 | (25,317) | (182,294) | 248,573 | 1,292,774
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |  |
Net loss | (194,897) |  |  |  | (194,897) | (59,471) | (254,368)
Other comprehensive income | 25,296 |  |  | 25,296 |  |  | 25,296
Change in unrealized gain/loss on investments |  |  |  |  |  |  | 25,296
Settlement of non-accredited Note holders | (462) |  | (462) |  |  |  | (462)
Equity effect of purchase of entities under common control | 590 |  | 590 |  |  |  | 590
Issuance of common stock (11,287,132 and 131,017 during the year ended December 31, 2015 and the period from July 9 to December 31, 2014) |  | 113 | (113) |  |  |  |
Elimination of non-controlling interest due to Merger | 194,375 |  | 194,375 |  |  | (194,375) |
Nonvested stock amortization | 36,863 |  | 36,863 |  |  | $ 5,273 | 42,136
Balance at Dec. 31, 2015 | $ 1,105,966 | $ 728 | $ 1,482,450 | $ (21) | $ (377,191) |  | $ 1,105,966

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