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STOCK-BASED COMPENSATION (Details)
$ / shares in Units, $ in Thousands
9 Months Ended 12 Months Ended
Oct. 13, 2016
USD ($)
$ / shares
shares
Jul. 07, 2016
$ / shares
shares
May 18, 2016
shares
Apr. 15, 2016
Feb. 17, 2016
item
shares
Jul. 29, 2015
shares
Jul. 17, 2015
shares
Jul. 13, 2015
shares
Aug. 07, 2014
USD ($)
$ / shares
shares
Jul. 09, 2014
item
shares
Sep. 30, 2016
USD ($)
$ / shares
shares
Sep. 30, 2015
USD ($)
Dec. 31, 2015
$ / shares
shares
Jun. 26, 2015
shares
Mar. 13, 2014
shares
Mar. 03, 2010
shares
Number of Shares                                
Balance at the end of the period (in shares)                     164,910          
Common Stock                                
Weighted Average Fair Value                                
Reverse stock split   0.1                            
Common Stock | Minimum                                
Weighted Average Fair Value                                
Reverse stock split       0.04                        
Common Stock | Maximum                                
Weighted Average Fair Value                                
Reverse stock split       0.5                        
Peter C. Georgiopoulos                                
Weighted Average Fair Value                                
Warrants exercisable 213,937                              
Peter C. Georgiopoulos | Minimum                                
Weighted Average Fair Value                                
Exercise price per share | $ / shares $ 259.10                              
Peter C. Georgiopoulos | Maximum                                
Weighted Average Fair Value                                
Exercise price per share | $ / shares $ 341.90                              
Peter C. Georgiopoulos | Separation and release agreement                                
Weighted Average Fair Value                                
Severance payment | $ $ 500                              
Restricted Stock Units | Board of Directors                                
Number of Shares                                
Granted (in shares)     666,664     58,215   16,188                
Vested (in shares)     (3,493)   (2,328)   (1,619)                  
Weighted Average Fair Value                                
Reverse stock splits (in shares)     66,666                          
Restricted Stock | Peter C. Georgiopoulos                                
Number of Shares                                
Granted (in shares) 68,581                              
2014 MIP Plan                                
Number of Shares                                
Balance at the beginning of the period (in shares)                     74,040          
Vested (in shares)                     (37,020)          
Balance at the end of the period (in shares)                     37,020   74,040      
Weighted Average Fair Value                                
Balance at the beginning of the period (in dollars per share) | $ / shares                     $ 200.00          
Vested (in dollars per share) | $ / shares                     200.00          
Balance at the end of the period (in dollars per share) | $ / shares                     $ 200.00   $ 200.00      
Aggregate number of shares of common stock available for awards                   9,668,061            
Reverse stock splits (in shares)                   966,806            
Percentage of common stock outstanding ( In percent)                   1.80%            
Additional disclosures                                
Total fair value of shares vested | $                     $ 190 $ 2,662        
Unrecognized compensation cost related to nonvested stock awards                                
Unrecognized compensation cost | $                     $ 2,094          
Weighted-average period for recognition of unrecognized compensation cost                     10 months 6 days          
2014 MIP Plan | Warrants                                
Number of Shares                                
Balance at the beginning of the period (in shares)                     5,704,974          
Exercisable (in shares)                     (2,852,487)          
Balance at the end of the period (in shares)                     2,852,487   5,704,974      
Weighted Average Exercise price                                
Outstanding at the beginning of the period (in dollars per share) | $ / shares                     $ 303.12          
Exercisable (in dollars per share) | $ / shares                     303.12          
Outstanding at the end of the period (in dollars per share) | $ / shares                     $ 303.12   $ 303.12      
Weighted-average remaining contractual life                     3 years 10 months 10 days          
Weighted Average Fair Value                                
Balance at the beginning of the period (in dollars per share) | $ / shares                     $ 6.36          
Vested (in dollars per share) | $ / shares                     6.36          
Balance at the end of the period (in dollars per share) | $ / shares                     $ 6.36   $ 6.36      
Number of warrants                     5,704,974          
Exercisable (in dollars per share) | $ / shares                     $ 303.12          
Weighted average remaining contractual life, exercisable                     3 years 10 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 | $                     $ 5,132          
Amortization                                
Remainder of 2016 | $                     1,523          
2017 | $                     $ 3,609          
2014 MIP Plan | Warrants | $259.10 Warrants                                
Weighted Average Fair Value                                
Aggregate number of shares of common stock available for awards                 2,380,664              
Warrants exercisable   238,066                            
Strike price (in dollars per share) | $ / shares   $ 259.10                            
Fair value of warrant (in dollars per share) | $ / shares                 $ 7.22              
2014 MIP Plan | Warrants | $287.30 Warrants                                
Weighted Average Fair Value                                
Aggregate number of shares of common stock available for awards                 2,467,009              
Warrants exercisable   246,701                            
Strike price (in dollars per share) | $ / shares   $ 287.30                            
Fair value of warrant (in dollars per share) | $ / shares                 $ 6.63              
2014 MIP Plan | Warrants | $341.90 Warrants                                
Weighted Average Fair Value                                
Aggregate number of shares of common stock available for awards                 3,709,788              
Warrants exercisable   370,979                            
Strike price (in dollars per share) | $ / shares   $ 341.90                            
Fair value of warrant (in dollars per share) | $ / shares                 $ 5.63              
2015 EIP Plan                                
Number of Shares                                
Aggregate number of shares of common stock available for awards, reverse stock split   400,000                            
Weighted Average Fair Value                                
Aggregate number of shares of common stock available for awards                           4,000,000    
2015 EIP Plan | Peter C. Georgiopoulos                                
Number of Shares                                
Granted (in shares)         408,163                      
2015 EIP Plan | Restricted Stock Units                                
Number of Shares                                
Balance at the beginning of the period (in shares)                     5,821          
Granted (in shares)                     66,666          
Vested (in shares)         (23,286)           (5,821)          
Balance at the end of the period (in shares)                     66,666   5,821      
Vested, post stock reverse split (in shares)         2,328                      
Number of resignations from the Board of Directors | item         2                      
Weighted Average Exercise price                                
Weighted-average remaining contractual life                     7 months 17 days          
Weighted Average Fair Value                                
Balance at the beginning of the period (in dollars per share) | $ / shares                     $ 71.50          
Granted (in dollars per share) | $ / shares                     5.10          
Vested (in dollars per share) | $ / shares                     71.50          
Balance at the end of the period (in dollars per share) | $ / shares                     $ 5.10   $ 71.50      
Additional disclosures                                
Total fair value of shares vested | $                     $ 30 116        
Unrecognized compensation cost related to nonvested stock awards                                
Unrecognized compensation cost | $                     $ 213          
Weighted-average period for recognition of unrecognized compensation cost                     7 months 17 days          
2015 EIP Plan | Restricted Stock Units | Vested RSUs                                
Number of Shares                                
Number of shares vested                     7,440          
Weighted Average Fair Value                                
Vested (in dollars per share) | $ / shares                     $ 71.18          
2015 EIP Plan | Restricted Stock Units | Board of Directors                                
Number of Shares                                
Number of common shares outstanding in respect of RSUs                     3,138   0      
2015 EIP Plan | Restricted Stock                                
Number of Shares                                
Granted (in shares)                     61,224          
Balance at the end of the period (in shares)                     61,224          
Weighted Average Exercise price                                
Granted (in dollars per share) | $ / shares                     $ 5.20          
Outstanding at the end of the period (in dollars per share) | $ / shares                     $ 5.20          
Additional disclosures                                
Total fair value of shares vested | $                     $ 0 0        
Unrecognized compensation cost related to nonvested stock awards                                
Unrecognized compensation cost | $                     $ 168          
Weighted-average period for recognition of unrecognized compensation cost                     2 years 1 month 17 days          
Baltic Trading Plan | Baltic Trading                                
Number of Shares                                
Vested (in shares)             (1,941,844)                  
Weighted Average Fair Value                                
Aggregate number of shares of common stock available for awards                             6,000,000 2,000,000
Additional disclosures                                
Total fair value of shares vested | $                       $ 2,913