XML 86 R71.htm IDEA: XBRL DOCUMENT v3.4.0.3
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