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STOCK-BASED COMPENSATION (Details) $ / shares in Units, $ in Thousands |  |  |  |  | 3 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Feb. 17, 2016 item shares | Jul. 17, 2015 shares | Aug. 07, 2014 USD ($) $ / shares shares | Jul. 10, 2014 item shares | Mar. 31, 2016 USD ($) $ / shares shares | Mar. 31, 2015 USD ($) | Dec. 31, 2015 $ / shares shares | Mar. 13, 2014 shares | Mar. 03, 2010 shares
Number of Shares |  |  |  |  |  |  |  |  |
Balance at the end of the period (in shares) | shares |  |  |  |  | 1,352,644 |  |  |  |
2014 MIP Plan |  |  |  |  |  |  |  |  |
Number of Shares |  |  |  |  |  |  |  |  |
Balance at the beginning of the period (in shares) | shares |  |  |  |  | 740,400 |  |  |  |
Balance at the end of the period (in shares) | shares |  |  |  |  | 740,400 |  | 740,400 |  |
Weighted Average Fair Value |  |  |  |  |  |  |  |  |
Balance at the beginning of the period (in dollars per share) | $ / shares |  |  |  |  | $ 20.00 |  |  |  |
Balance at the end of the period (in dollars per share) | $ / shares |  |  |  |  | $ 20.00 |  | $ 20.00 |  |
Aggregate number of shares of common stock available for awards | shares |  |  |  | 9,668,061 |  |  |  |  |
Percentage of common stock outstanding ( In percent) |  |  |  | 1.80% |  |  |  |  |
Additional disclosures |  |  |  |  |  |  |  |  |
Total fair value of shares vested | $ |  |  |  |  | $ 0 | $ 0 |  |  |
Unrecognized compensation cost related to nonvested stock awards |  |  |  |  |  |  |  |  |
Unrecognized compensation cost | $ |  |  |  |  | $ 4,627 |  |  |  |
Weighted-average period for recognition of unrecognized compensation cost |  |  |  |  | 1 year 4 months 6 days |  |  |  |
2014 MIP Plan | Warrants |  |  |  |  |  |  |  |  |
Number of Shares |  |  |  |  |  |  |  |  |
Balance at the beginning of the period (in shares) | shares |  |  |  |  | 5,704,974 |  |  |  |
Exercisable (in shares) | shares |  |  |  |  | 2,852,487 |  |  |  |
Balance at the end of the period (in shares) | shares |  |  |  |  | 5,704,974 |  | 5,704,974 |  |
Weighted Average Exercise price |  |  |  |  |  |  |  |  |
Outstanding at the beginning of the period (in dollars per share) | $ / shares |  |  |  |  | $ 30.31 |  |  |  |
Exercisable (in dollars per share) | $ / shares |  |  |  |  | 30.31 |  |  |  |
Outstanding at the end of the period (in dollars per share) | $ / shares |  |  |  |  | $ 30.31 |  | $ 30.31 |  |
Weighted-average remaining contractual life |  |  |  |  | 4 years 4 months 10 days |  |  |  |
Weighted Average Fair Value |  |  |  |  |  |  |  |  |
Balance at the beginning of the period (in dollars per share) | $ / shares |  |  |  |  | $ 6.36 |  |  |  |
Balance at the end of the period (in dollars per share) | $ / shares |  |  |  |  | $ 6.36 |  | $ 6.36 |  |
Weighted average remaining contractual life, exercisable |  |  |  |  | 4 years 4 months 10 days |  |  |  |
Number of anniversaries in which award vests |  |  | 3 years |  |  |  |  |  |
Number of tiers of MIP Warrants | item |  |  |  | 3 |  |  |  |  |
Volatility rate ( as a percent) |  |  | 43.91% |  |  |  |  |  |
Volatility rate term |  |  | 6 years |  |  |  |  |  |
Risk-free interest rate ( as a percent) |  |  | 1.85% |  |  |  |  |  |
Dividend rate ( as a percent) |  |  | 0.00% |  |  |  |  |  |
Total fair value of outstanding awards upon emergence from bankruptcy | $ |  |  | $ 54,436 |  |  |  |  |  |
Percentage of warrant vest for anniversaries of the grant date |  |  | 33.33% |  |  |  |  |  |
Unrecognized compensation cost related to nonvested stock awards |  |  |  |  |  |  |  |  |
Unrecognized compensation cost | $ |  |  |  |  | $ 11,339 |  |  |  |
Amortization |  |  |  |  |  |  |  |  |
Remainder of 2016 | $ |  |  |  |  | 7,730 |  |  |  |
2017 | $ |  |  |  |  | $ 3,609 |  |  |  |
2014 MIP Plan | Warrants | $25.91 Warrants |  |  |  |  |  |  |  |  |
Weighted Average Fair Value |  |  |  |  |  |  |  |  |
Aggregate number of shares of common stock available for awards | shares |  |  | 2,380,664 |  |  |  |  |  |
Strike price (in dollars per share) | $ / shares |  |  | $ 25.91 |  |  |  |  |  |
Fair value of warrant (in dollars per share) | $ / shares |  |  | $ 7.22 |  |  |  |  |  |
2014 MIP Plan | Warrants | $28.73 Warrants |  |  |  |  |  |  |  |  |
Weighted Average Fair Value |  |  |  |  |  |  |  |  |
Aggregate number of shares of common stock available for awards | shares |  |  | 2,467,009 |  |  |  |  |  |
Strike price (in dollars per share) | $ / shares |  |  | $ 28.73 |  |  |  |  |  |
Fair value of warrant (in dollars per share) | $ / shares |  |  | $ 6.63 |  |  |  |  |  |
2014 MIP Plan | Warrants | $34.19 Warrants |  |  |  |  |  |  |  |  |
Weighted Average Fair Value |  |  |  |  |  |  |  |  |
Aggregate number of shares of common stock available for awards | shares |  |  | 3,709,788 |  |  |  |  |  |
Strike price (in dollars per share) | $ / shares |  |  | $ 34.19 |  |  |  |  |  |
Fair value of warrant (in dollars per share) | $ / shares |  |  | $ 5.63 |  |  |  |  |  |
2015 EIP Plan | Restricted Stock Units |  |  |  |  |  |  |  |  |
Number of Shares |  |  |  |  |  |  |  |  |
Balance at the beginning of the period (in shares) | shares |  |  |  |  | 58,215 |  |  |  |
Vested/Exercisable (in shares) | shares | (23,286) |  |  |  | (23,286) |  |  |  |
Balance at the end of the period (in shares) | shares |  |  |  |  | 34,929 |  | 58,215 |  |
Number of resignations from the Board of Directors | item | 2 |  |  |  |  |  |  |  |
Weighted Average Exercise price |  |  |  |  |  |  |  |  |
Weighted-average remaining contractual life |  |  |  |  | 1 month 13 days |  |  |  |
Weighted Average Fair Value |  |  |  |  |  |  |  |  |
Balance at the beginning of the period (in dollars per share) | $ / shares |  |  |  |  | $ 7.15 |  |  |  |
Vested/Exercisable (in dollars per share) | $ / shares |  |  |  |  | 7.15 |  |  |  |
Balance at the end of the period (in dollars per share) | $ / shares |  |  |  |  | $ 7.15 |  | $ 7.15 |  |
Additional disclosures |  |  |  |  |  |  |  |  |
Total fair value of shares vested | $ |  |  |  |  | $ 12 | 0 |  |  |
Unrecognized compensation cost related to nonvested stock awards |  |  |  |  |  |  |  |  |
Unrecognized compensation cost | $ |  |  |  |  | $ 38 |  |  |  |
Weighted-average period for recognition of unrecognized compensation cost |  |  |  |  | 1 month 13 days |  |  |  |
2015 EIP Plan | Restricted Stock Units | Vested RSUs |  |  |  |  |  |  |  |  |
Number of Shares |  |  |  |  |  |  |  |  |
Exercisable (in shares) | shares |  |  |  |  | 39,474 |  |  |  |
Weighted Average Fair Value |  |  |  |  |  |  |  |  |
Exercisable (in dollars per share) | $ / shares |  |  |  |  | $ 7.09 |  |  |  |
2015 EIP Plan | Restricted Stock Units | Directors |  |  |  |  |  |  |  |  |
Number of Shares |  |  |  |  |  |  |  |  |
Number of common shares outstanding in respect of RSUs | shares |  |  |  |  | 31,380 |  | 0 |  |
2015 EIP Plan | Restricted Stock |  |  |  |  |  |  |  |  |
Number of Shares |  |  |  |  |  |  |  |  |
Granted (in shares) | shares |  |  |  |  | 612,244 |  |  |  |
Balance at the end of the period (in shares) | shares |  |  |  |  | 612,244 |  |  |  |
Weighted Average Fair Value |  |  |  |  |  |  |  |  |
Granted (in dollars per share) | $ / shares |  |  |  |  | $ 0.52 |  |  |  |
Balance at the end of the period (in dollars per share) | $ / shares |  |  |  |  | $ 0.52 |  |  |  |
Additional disclosures |  |  |  |  |  |  |  |  |
Total fair value of shares vested | $ |  |  |  |  | $ 0 | 0 |  |  |
Unrecognized compensation cost related to nonvested stock awards |  |  |  |  |  |  |  |  |
Unrecognized compensation cost | $ |  |  |  |  | $ 289 |  |  |  |
Weighted-average period for recognition of unrecognized compensation cost |  |  |  |  | 2 years 9 months |  |  |  |
Baltic Trading Plan | Baltic Trading |  |  |  |  |  |  |  |  |
Number of Shares |  |  |  |  |  |  |  |  |
Vested/Exercisable (in shares) | shares |  | (1,941,844) |  |  |  |  |  |  |
Weighted Average Fair Value |  |  |  |  |  |  |  |  |
Aggregate number of shares of common stock available for awards | shares |  |  |  |  |  |  |  | 6,000,000 | 2,000,000
Additional disclosures |  |  |  |  |  |  |  |  |
Total fair value of shares vested | $ |  |  |  |  |  | $ 0 |  |  |

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- Definition The number of shares into which fully or partially vested equity instruments, excluding stock (or unit) options, outstanding as of the balance sheet date can be currently converted under the option plan. + References No definition available. + Details
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- Definition Fair value of share-based awards outstanding other than options. + References No definition available. + Details
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- Definition The weighted average exercise price per share for equity-based awards exercisable during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). + References No definition available. + Details
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- Definition Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + 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 (i) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). + 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)(2)(iii)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. + 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)(2)(i)-(ii) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Weighted average remaining contractual term for equity-based awards excluding options, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + 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 (e)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. + 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)(2)(iii)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash. + 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 (d)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. + 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)(2)(iii)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. + 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 (f)(2)(iii) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. + 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 (f)(2)(ii) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. + 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 (f)(2)(iv) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). + 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 (a)(3) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Percentage of vesting of share-based compensation awards. + 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 (a)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- References No definition available. + Details
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- Definition Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.D.2) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2)(i) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section D -Subsection 2 + Details
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