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STATEMENTS OF SHAREHOLDERS' EQUITY (USD $)
In Thousands, except Share data, unless otherwise specified
Common Stock [Member]
USD ($)
Treasury Shares [Member]
Additional Paid-in Capital [Member]
USD ($)
Contributed Surplus [Member]
USD ($)
Accumulated Other Comprehensive Loss [Member]
USD ($)
Retained Earnings (Deficit) [Member]
USD ($)
Total
USD ($)
Balance at Dec. 31, 2009 $ 422   $ 8,533 $ 925,129 $ 0 $ 0 $ 934,084
Balance (in shares) at Dec. 31, 2009 42,204,904 0          
Increase (decrease) in Shareholders' Equity [Roll Forward]              
Net (Loss) Income 0   0   0 (809) (809)
Common Shares Issued (in shares) 4,600,000            
Common Shares Issued, net of issuance costs 46   136,464 0 0 0 136,510
Reduction of share premium 0   (136,414) 136,414 0 0 0
Compensation - Restricted Shares (in shares) 93,878            
Compensation - Restricted Shares 1   2,837 0 0 0 2,838
Share-based Compensation 0   60 0 0 0 60
Return of Capital 0   0 (79,728) 0 0 (79,728)
Balance at Dec. 31, 2010 469   11,480 981,815 0 (809) 992,955
Balance (in shares) at Dec. 31, 2010 46,898,782 0          
Increase (decrease) in Shareholders' Equity [Roll Forward]              
Accumulated coverage of loss 0   0 (809) 0 809 0
Net (Loss) Income 0   0 0 0 (72,298) (72,298)
Common Shares Issued, 2011 Equity Incentive Plan (in shares) 400,000            
Common Shares Issued, 2011 Equity Incentive Plan 4   0 0 0 0 4
Other Comprehensive (Loss) Income 0   0 0 (212) 0 (212)
Compensation - Restricted Shares (in shares) 4,612            
Compensation - Restricted Shares 0   67 0 0 0 67
Share-based Compensation 0   1,320 0 0 0 1,320
Return of Capital 0   0 (54,273) 0 0 (54,273)
Balance at Dec. 31, 2011 473   12,867 926,733 (212) (72,298) 867,563
Balance (in shares) at Dec. 31, 2011 47,303,394 0          
Increase (decrease) in Shareholders' Equity [Roll Forward]              
Accumulated coverage of loss 0   0 (72,298) 0 72,298 0
Net (Loss) Income 0   0 0 0 (73,192) (73,192)
Common Shares Issued (in shares) 5,500,000            
Common Shares Issued, net of issuance costs 55   75,527 0 0 0 75,582
Reduction of share premium 0   (75,577) 75,577 0 0 0
Other Comprehensive (Loss) Income 0   0 0 128 0 128
Compensation - Restricted Shares (in shares) 112,245            
Compensation - Restricted Shares 1   1,540 0 0 0 1,541
Share-based Compensation 0   1,258 0 0 0 1,258
Return of Capital 0   0 (63,497) 0 0 (63,497)
Common Shares repurchased, Equity Incentive Plan (in shares) (8,500) 8,500          
Common Shares repurchased, Equity Incentive Plan 0   0 0 0 0 0
Balance at Dec. 31, 2012 $ 529   $ 15,615 $ 866,515 $ (84) $ (73,192) $ 809,383
Balance (in shares) at Dec. 31, 2012 52,907,139 8,500