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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2016

Restricted Stock Units

Nonvested Stock Awards

Summary of nonvested stock awards

		Successor
		Year Ended December 31,
		2016					2015
				Weighted					Weighted
		Number of		Average Grant			Number of		Average Grant
		RSUs		Date Price			RSUs		Date Price
Outstanding at January 1		5,821		$	71.50		—		$	—
Granted		66,666			5.10		7,440			71.18
Vested		(5,821)			71.50		(1,619)			70.00
Forfeited		—			—		—			—
Outstanding at December 31		66,666		$	5.10		5,821		$	71.50

The total fair value of the RSUs that vested during the years ended December 31, 2016 and 2015 for the Successor Company was $30 and $116, respectively. There were no RSUs that vested during the period from July 9 to December 31, 2014 for the Successor Company.  The total fair value is calculated as the number of shares vested during the period multiplied by the fair value on the vesting date.    On February 17, 2016, the vesting of 23,286 outstanding RSUs, or 2,328 outstanding RSUs on a post-reverse stock split basis, were accelerated upon the resignation of two members on the Company’s Board of Directors.

The following table summarizes certain information of the RSUs unvested and vested as of December 31, 2016:

Unvested RSUs							Vested RSUs
December 31, 2016							December 31, 2016
					Weighted
		Weighted			Average				Weighted
		Average			Remaining				Average
Number of		Grant Date			Contractual		Number of		Grant Date
RSUs		Price			Life		RSUs		Price
66,666		$	5.10		0.38		7,440		$	71.18

Schedule of nonvested stock amortization expense

		Successor
		Year			Year			Period from
		Ended			Ended			July 9 to
		December 31,			December 31,			December 31,
		2016			2015			2014
General and administrative expenses		$	405		$	337		$	—

2014 MIP Plan

Nonvested Stock Awards

Summary of nonvested stock awards

		Successor
		Year Ended December 31,
		2016					2015
				Weighted					Weighted
		Number of		Average Grant			Number of		Average Grant
		Shares		Date Price			Shares		Date Price
Outstanding at January 1		74,040		$	200.00		111,060		$	200.00
Granted		—			—		—			—
Vested		(64,785)			200.00		(37,020)			200.00
Forfeited		—			—		—			—
Outstanding at December 31		9,255		$	200.00		74,040		$	200.00

		Successor
				Weighted
		Number of		Average Grant
		Shares		Date Price
Outstanding at July 9, 2014		—		$	—
Granted		111,060			200.00
Vested		—			—
Forfeited		—			—
Outstanding at December 31, 2014		111,060		$	200.00

Schedule of nonvested stock amortization expense

		Successor
		Year			Year			Period from
		Ended			Ended			July 9 to
		December 31,			December 31,			December 31,
		2016			2015			2014
General and administrative expenses		$	5,795		$	10,585		$	5,464

2015 EIP Plan | Restricted Stock

Nonvested Stock Awards

Summary of nonvested stock awards

		Successor
				Weighted
		Number of		Average Grant
		Shares		Date Price
Outstanding at January 1, 2016		—		$	—
Granted		61,224			5.20
Vested		(47,619)			5.20
Forfeited		—			—
Outstanding at December 31, 2016		13,605		$	5.20

Schedule of nonvested stock amortization expense

		Successor
		Year			Year			Period from
		Ended			Ended			July 9 to
		December 31,			December 31,			December 31,
		2016			2015			2014
General and administrative expenses		$	277		$	—		$	—

Baltic Trading Plan

Nonvested Stock Awards

Summary of nonvested stock awards

		Year Ended December 31,
		2015					2014
		Number					Number
		of Baltic		Weighted			of Baltic		Weighted
		Trading		Average			Trading		Average
		Common		Grant Date			Common		Grant Date
		Shares		Price			Shares		Price
Outstanding at January 1		1,941,844		$	3.80		1,381,429		$	6.03
Granted		—			—		1,086,345			2.61
Vested		(1,941,844)			3.80		(525,930)			7.21
Forfeited		—			—		—			—
Outstanding at December 31		—		$	—		1,941,844		$	3.80

Schedule of nonvested stock amortization expense

		Successor							Predecessor
		Year			Period From				Period From
		Ended			July 9 to				January 1 to
		December 31,			December 31,				July 9,
		2015			2014				2014
General and administrative expenses		$	5,273		$	1,551			$	1,949

Predecessor | 2005 and 2012 GS&T Plans

Nonvested Stock Awards

Summary of nonvested stock awards

		Predecessor
		Period from
		January 1
		to July 9,
		2014
				Weighted
		Number of		Average Grant
		Shares		Date Price
Outstanding at January 1, 2014		880,465		$	7.77
Granted		—			—
Vested		(880,465)			7.77
Forfeited		—			—
Outstanding at July 9, 2014		—		$	—

Schedule of nonvested stock amortization expense

		Predecessor
		Period from
		January 1 to
		July 9,
		2014
General and administrative expenses		$	2,403

Warrants | 2014 MIP Plan

Nonvested Stock Awards

Schedule of nonvested stock amortization expense

		Successor
		Year			Year			Period from
		Ended			Ended			July 9 to
		December 31,			December 31,			December 31,
		2016			2015			2014
General and administrative expenses		$	14,203		$	25,941		$	13,390

Summary of warrant activity and warrants outstanding

		Successor
		Year Ended December 31,
		2016								2015
				Weighted			Weighted					Weighted			Weighted
		Number of		Average Exercise			Average Fair			Number of		Average Exercise			Average Fair
		Warrants		Price			Value			Warrants		Price			Value
Outstanding at January 1		5,704,974		$	303.12		$	6.36		8,557,461		$	303.12		$	6.36
Granted		—			—			—		—			—			—
Exercisable		(4,991,852)			303.12			6.36		(2,852,487)			303.12			6.36
Exercised		—			—			—		—			—			—
Forfeited		—			—			—		—			—			—
Outstanding at December 31		713,122		$	303.12		$	6.36		5,704,974		$	303.12		$	6.36

		Successor
				Weighted			Weighted
		Number of		Average Exercise			Average Fair
		Warrants		Price			Value
Outstanding at July 9, 2014		—		$	—		$	—
Granted		8,557,461			303.12			6.36
Exercisable		—			—			—
Exercised		—			—			—
Forfeited		—			—			—
Outstanding at December 31, 2014		8,557,461		$	303.12		$	6.36

The following table summarizes certain information about the warrants outstanding as of December 31, 2016:

Warrants Outstanding,

Warrants Exercisable,

December 31, 2016

December 31, 2016

Weighted

Weighted

Weighted

Average

Weighted

Average

Weighted

Average

Remaining

Average

Remaining

Average

Number of

Exercise

Contractual

Number of

Exercise

Contractual

Exercise Price

Warrants

Price

Life

Warrants

Price

Life

$

303.12

713,122

$

303.12

3.60

7,844,339

$

303.12

3.60

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