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DEBT - 2007 Credit Facility (Details) - Predecessor $ in Thousands |  |  |  |  |  |  | 1 Months Ended | 3 Months Ended |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Aug. 01, 2012 USD ($) | Dec. 21, 2011 USD ($) | Jan. 26, 2009 USD ($) | Sep. 30, 2007 | Jul. 20, 2007 USD ($) facility item | Jul. 07, 2007 | Aug. 31, 2012 USD ($) | Sep. 30, 2007 | Jul. 09, 2014 facility item
Line of Credit Facility |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Commitment fee on unused daily average unutilized commitment (as a percent) |  |  |  |  |  | 0.20% |  |  |
Line of Credit Facility | Short Term Credit Facility |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Repayment of line of credit facility |  |  |  |  | $ 77,000 |  |  |  |
Line of Credit Facility | 2007 Credit Facility |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Number of vessels to be acquired under the Credit Facility | item |  |  |  |  | 9 |  |  |  |
Collateral security maintenance test (as a percent) |  |  |  |  | 130.00% |  |  |  |
Number of credit facilities terminated | facility |  |  |  |  | 2 |  |  |  | 2
Applicable margin over reference rate for interest payable, before increase (as a percent) |  |  |  |  | 0.85% |  |  |  |
Consolidated net worth threshold, base amount |  |  |  |  | $ 263,300 |  |  |  |
Maximum percentage of en bloc purchase price which may be financed by loans (as a percent) |  |  |  |  | 100.00% |  |  |  |
Final payment amount |  |  | $ 381,182 |  |  |  |  |  |
Commitment fee on unused daily average unutilized commitment (as a percent) |  |  | 0.70% | 0.25% |  |  |  |  |
Purchase price of vessels |  |  |  |  | $ 1,111,000 |  |  |  |
Consolidated leverage ratio |  |  |  |  | 5.5 |  |  |  |
Consolidated net worth threshold, percentage of the value of any subsequent primary equity offerings (as a percent) |  |  |  |  | 80.00% |  |  |  |
Number of vessels mortgaged | item |  |  |  |  | 9 |  |  |  | 35
Period collateral was pledged prior to effective date of Credit Facility |  |  |  |  |  |  |  | 30 days |
Ratio of EBITDA to interest expense |  |  |  |  | 2 |  |  |  |
Minimum cash required to be maintained by each collateralized vessel | $ 750 |  |  |  |  |  |  |  |
Minimum cash balance required per vessel mortgaged, before increase | $ 500 |  |  |  |  |  |  |  |
Remedy period available to post additional collateral or reduce the amount of the revolving loans and/or letters of credit outstanding |  |  |  |  |  |  |  | 30 days |
Repayment of line of credit facility |  | $ 52,500 |  |  |  |  | $ 57,893 |  |
Line of Credit Facility | 2007 Credit Facility | LIBOR |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Reference rate |  |  |  |  | One, three or six,-month LIBOR |  |  |  |
Line of Credit Facility | 2007 Credit Facility | Minimum |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Consolidated net worth based on equity offerings completed |  |  |  |  | $ 674,555 |  |  |  |
Capacity of Vessels in Deadweight Tonnage | item |  |  |  |  | 25,000 |  |  |  |
Line of Credit Facility | 2007 Credit Facility | Maximum |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Age of drybulk carriers at the time of delivery |  |  |  |  | 10 years |  |  |  |
Age of drybulk carriers at the time of maturity of the credit facility |  |  |  |  | 18 years |  |  |  |
Available working capital borrowings |  |  |  |  | $ 50,000 |  |  |  |
Capacity of Vessels in Deadweight Tonnage | item |  |  |  |  | 180,000 |  |  |  |
Line of Credit Facility | 2005 Credit Facility |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Repayment of line of credit facility |  |  |  |  | $ 206,233 |  |  |  |
Line of Credit Facility | January 2009 Credit Facility Agreements | LIBOR |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Applicable margin over reference rate for interest payable, before increase (as a percent) |  |  | 2.00% |  |  |  |  |  |
Line of Credit Facility | August 2012 Credit Facility Agreements |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Percentage of upfront fee received by consenting lenders (as a percent) | 0.25% |  |  |  |  |  |  |  |
Repayment of line of credit facility |  |  |  |  |  |  | $ 57,893 |  |
Line of Credit Facility | August 2012 Credit Facility Agreements | LIBOR |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Applicable margin over reference rate for interest payable, before increase (as a percent) | 2.00% |  | 2.00% |  |  |  |  |  |
Applicable margin over reference rate (as a percent) | 3.00% |  |  |  |  |  |  |  |
Line of Credit Facility | December 2011 Credit Facility Agreements |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Percentage of upfront fee received by consenting lenders (as a percent) |  | 0.25% |  |  |  |  |  |  |
Repayment of line of credit facility |  | $ 52,500 |  |  |  |  |  |  |
Letter of credit | 2007 Credit Facility |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  | $ 50,000 |  |  |  |
Period from March 31, 2009 through March 31, 2012 | Line of Credit Facility | 2007 Credit Facility |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Reduction in maximum borrowing capacity |  |  | $ 12,500 |  |  |  |  |  |
Period from June 30, 2012 through July 20, 2017 | Line of Credit Facility | 2007 Credit Facility |  |  |  |  |  |  |  |  |
Line of Credit Facility |  |  |  |  |  |  |  |  |
Reduction in maximum borrowing capacity |  |  | $ 48,195 |  |  |  |  |  |

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- Definition Represents the capacity of vessels expressed in deadweight tonnage (dwt), a measure of weight a ship is carrying or can safely carry. + References No definition available. + Details
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- Definition Represents the minimum cash required per vessel mortgaged under this facility. + References No definition available. + Details
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- Definition Represents the ratio of consolidated total debt to consolidated adjusted earnings before, interest, taxes, depreciation and amortization allowed under the terms of the credit facilities' covenants. + References No definition available. + Details
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- Definition Represents the aggregate fair value of the mortgaged vessels to be maintained as a percentage of aggregate outstanding principal amount as per the terms of the credit facilities' covenants. + References No definition available. + Details
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- Definition The decrease in the maximum borrowing capacity under the line of credit facility. + References No definition available. + Details
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- Definition Represents the required payment amount under the line of credit facility due on final maturity date. + References No definition available. + Details
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- Definition Represents the remedy period available to post additional collateral or reduce the amount of the revolving loans and/or letters of credit outstanding under the terms of the credit facilities' covenants. + References No definition available. + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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