XML 74 R59.htm IDEA: XBRL DOCUMENT
v3.20.2

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands |  |  |  |  |  |  |  | 3 Months Ended | 6 Months Ended |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Aug. 05, 2020 | Jul. 31, 2020 | Jul. 15, 2020 | Jul. 07, 2020 | Feb. 25, 2020 | May 15, 2019 | Mar. 04, 2019 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends declared per share of common stock |  |  |  |  |  |  |  |  | $ 0.02 | $ 0.175 |  |  |
Loss on disposal of vessels |  |  |  |  |  |  |  |  |  |  | $ 486 | $ (611) |
Restricted Cash and Cash Equivalents, Current |  |  |  |  |  |  |  |  | $ 14,855 |  | $ 14,855 |  | $ 6,045
2015 EIP Plan | Restricted Stock Units |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |
Granted (in shares) |  |  |  |  | 173,749 | 29,580 | 106,079 |  |  |  | 178,385 |  |
Aggregate fair value |  |  |  |  | $ 1,227 | $ 255 | $ 890 |  |  |  |  |  |
Subsequent Event |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends declared per share of common stock | $ 0.02 |  |  |  |  |  |  |  |  |  |  |  |
Aggregate amount of dividend | $ 800 |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event | Baltic Breeze |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of assets |  | $ 7,900 |  |  |  |  |  |  |  |  |  |  |
Broker commission (as a percent) |  | 2.00% |  |  |  |  |  |  |  |  |  |  |
Subsequent Event | Baltic Wind |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |
Sale of assets |  |  |  | $ 7,750 |  |  |  |  |  |  |  |  |
Broker commission (as a percent) |  |  |  | 2.00% |  |  |  |  |  |  |  |  |
Subsequent Event | Secured Debt | $495 Million Credit Facility | Baltic Breeze |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |
Restricted Cash and Cash Equivalents, Current |  | $ 4,797 |  |  |  |  |  |  |  |  |  |  |
Period for which sales proceeds from vessels will remain as restricted cash |  | 360 days |  |  |  |  |  |  |  |  |  |  |
Subsequent Event | Secured Debt | $495 Million Credit Facility | Baltic Wind |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |
Restricted Cash and Cash Equivalents, Current |  |  |  | $ 4,575 |  |  |  |  |  |  |  |  |
Period for which sales proceeds from vessels will remain as restricted cash |  |  |  | 360 days |  |  |  |  |  |  |  |  |
Subsequent Event | 2015 EIP Plan | Restricted Stock Units |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |
Granted (in shares) |  |  | 42,642 |  |  |  |  |  |  |  |  |  |
Aggregate fair value |  |  | $ 255 |  |  |  |  |  |  |  |  |  |
Subsequent Event | 2015 EIP Plan | Restricted Stock Units | Maximum |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |
Vesting period |  |  | 14 months |  |  |  |  |  |  |  |  |  |
Subsequent Event | Forecast | Baltic Breeze | Minimum |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |
Loss on disposal of vessels |  |  |  |  |  |  |  | $ 200 |  |  |  |  |
Subsequent Event | Forecast | Baltic Breeze | Maximum |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |
Loss on disposal of vessels |  |  |  |  |  |  |  | 400 |  |  |  |  |
Subsequent Event | Forecast | Baltic Wind | Minimum |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |
Loss on disposal of vessels |  |  |  |  |  |  |  | 200 |  |  |  |  |
Subsequent Event | Forecast | Baltic Wind | Maximum |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |
Loss on disposal of vessels |  |  |  |  |  |  |  | $ 400 |  |  |  |  |

X
- Definition Represents brokerage commission payable in percentage to the third party. + References No definition available. + Details
Name: | gnk_BrokerageCommission
Namespace Prefix: | gnk_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the period for which the net sale proceeds from sale of vessels will remain classified as restricted cash following the sale date if or until a replacement vessel or vessels meeting certain requirements are added as collateral under the facility. + References No definition available. + Details
Name: | gnk_PeriodForWhichSaleProceedsFromVesselsWillRemainAsRestrictedCash
Namespace Prefix: | gnk_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the aggregate fair value of grants made during the period on other than stock (or unit) option plans. + References No definition available. + Details
Name: | gnk_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodTotalFairValue
Namespace Prefix: | gnk_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Aggregate dividends declared during the period for each share of common stock outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 + Details
Name: | us-gaap_CommonStockDividendsPerShareDeclared
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6935-107765 + Details
Name: | us-gaap_DividendsPayableCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109226348&loc=d3e2443-110228 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 + Details
Name: | us-gaap_GainLossOnDispositionOfAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3179-108585 + Details
Name: | us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586 + Details
Name: | us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. + References No definition available. + Details
Name: | us-gaap_SubsequentEventLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_PlanNameAxis=gnk_EquityIncentivePlan2015Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=gnk_BalticBreezeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis=gnk_BalticWindMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=gnk_AmendedNordeaBankSeniorSecuredCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementScenarioAxis=srt_ScenarioForecastMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |