XML 88 R62.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jul. 18, 2015
segment
Jul. 17, 2015
segment
Jul. 09, 2014
$ / item
Dec. 31, 2015
USD ($)
segment
item
Dec. 31, 2014
USD ($)
$ / item
Jul. 09, 2014
USD ($)
Dec. 31, 2016
USD ($)
segment
item
$ / item
Dec. 31, 2015
USD ($)
item
Dec. 31, 2014
item
$ / item
Segment reporting                  
Number of reportable segments | segment 1 2   1     1    
Voyage expense recognition                  
Net loss (gain) on purchase and sale of bunker fuel and LCM adjustments         $ 1,616   $ 4,920 $ 8,927  
Number of vessels in vessel pools | item       19     20 19  
Other operating income                  
Other operating income         530   $ 960 $ 0  
Deferred revenue                  
Reserve against the due from charterers       $ 429     283 429  
Accrual related to estimated customer claims       $ 498     $ 220 498  
Number of categories of General administrative and management fees | item             2    
Vessels, net                  
Estimated useful life             25 years    
Estimated scrap value (in dollars per lightweight ton) | $ / item             310    
Estimated life of average scrap value of steel             15 years    
Decrease in depreciation expense         $ 1,540   $ 2,860 $ 3,193  
Predecessor                  
Voyage expense recognition                  
Net loss (gain) on purchase and sale of bunker fuel and LCM adjustments           $ (252)      
Other operating income                  
Other operating income           $ 0      
Vessels, net                  
Estimated scrap value (in dollars per lightweight ton) | $ / item     245            
Spot Market-Related Time Charter Agreement with Profit Sharing Element                  
Voyage expense recognition                  
Number of vessels under spot market-related time charters which include a profit-sharing element | item             6 0 2
Floor price (in dollars per unit) | $ / item         9   3   9
Ceiling price (in dollars per unit) | $ / item         14       14
Allocation of excess profit sharing amount (as a percent)             50.00%   50.00%
Percentage of average of the daily rates of BHSI used to determine charter agreement rates (as a percent)                 115.00%
Clipper Logger Pool and Clipper Sapphire Pool                  
Voyage expense recognition                  
Number of vessels in vessel pools | item       14     13 14  
Bulkhandling Handymax A/S Pool                  
Voyage expense recognition                  
Number of vessels in vessel pools | item       4     7 4  
Navig8 Bulk Pool                  
Voyage expense recognition                  
Number of vessels in vessel pools | item       1       1  
Bankruptcy settlement due | Samsun                  
Other operating income                  
Other operating income         $ 530   $ 934 $ 0