XML 61 R40.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 1 - General Information (Details) (USD $)
3 Months Ended 9 Months Ended 12 Months Ended 0 Months Ended
Dec. 31, 2014
T
Oct. 15, 2014
Dec. 31, 2014
T
Oct. 15, 2014
Oct. 09, 2014
Jul. 15, 2014
Note 1 - General Information (Details) [Line Items]            
Vessels In Operation 45egle_VesselsInOperation   45egle_VesselsInOperation      
Dead Weight Tonnage Of Operating Fleet (in US Ton) 2,451,259egle_DeadWeightTonnageOfOperatingFleet   2,451,259egle_DeadWeightTonnageOfOperatingFleet      
Average Age In Years Of Operating Fleet     7 years 219 days      
Payments of Debt Issuance Costs (in Dollars)   $ 275,000us-gaap_PaymentsOfDebtIssuanceCosts        
Post Confirmation Enterprise Value, Range of Outcomes, Low (in Dollars)           850,000,000egle_PostConfirmationEnterpriseValueRangeOfOutcomesLow
Post Confirmation Enterprise Value, Range of Outcomes, High (in Dollars)           950,000,000egle_PostConfirmationEnterpriseValueRangeOfOutcomesHigh
Post Confirmation Implied Equity Value, Range of Outcomes, Low (in Dollars)           625,000,000egle_PostConfirmationImpliedEquityValueRangeOfOutcomesLow
Post Confirmation Implied Equity Value, Range of Outcomes, High (in Dollars)           725,000,000egle_PostConfirmationImpliedEquityValueRangeOfOutcomesHigh
Post Confirmation Enterpise Value (in Dollars)           857,000,000egle_PostConfirmationEnterpiseValue
Postconfirmation, Liabilities and Stockholders' Equity (in Dollars)           925,000,000us-gaap_PostconfirmationLiabilitiesAndStockholdersEquity
Debtor Reorganization Items, Line of Credit (in Dollars) 225,000,000egle_DebtorReorganizationItemsLineOfCredit          
Gains (Losses) on Extinguishment of Debt (in Dollars)   350,883,921us-gaap_GainsLossesOnExtinguishmentOfDebt        
New Eagle Equity Warrants [Member] | Bankruptcy, Exchanged to Common Stockholders [Member] | Restructuring Support Agreement and Plan of Reorganization [Member]            
Note 1 - General Information (Details) [Line Items]            
Class of Warrant or Right, Outstanding (in Shares)   3,045,327us-gaap_ClassOfWarrantOrRightOutstanding
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
/ us-gaap_RestructuringCostAndReserveAxis
= egle_BankruptcyExchangedToCommonStockholdersMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
  3,045,327us-gaap_ClassOfWarrantOrRightOutstanding
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
/ us-gaap_RestructuringCostAndReserveAxis
= egle_BankruptcyExchangedToCommonStockholdersMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
   
Warrant, Term       7 years    
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in Shares)   1us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
/ us-gaap_RestructuringCostAndReserveAxis
= egle_BankruptcyExchangedToCommonStockholdersMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
  1us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
/ us-gaap_RestructuringCostAndReserveAxis
= egle_BankruptcyExchangedToCommonStockholdersMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
   
New Eagle Equity Warrants [Member]            
Note 1 - General Information (Details) [Line Items]            
Warrant, Term       7 years    
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in Shares)   1us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
  1us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
   
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)   $ 27.82us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
  27.82us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
   
Warrants Issued (in Dollars)       3,045,327egle_WarrantsIssued
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
   
Fair Value Assumptions, Risk Free Interest Rate   1.79%us-gaap_FairValueAssumptionsRiskFreeInterestRate
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
       
Fair Value Assumptions, Expected Volatility Rate   50.00%us-gaap_FairValueAssumptionsExpectedVolatilityRate
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
       
Fair Value Assumptions, Expected Dividend Rate   0.00%us-gaap_FairValueAssumptionsExpectedDividendRate
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
       
Aggregate Fair Value of Warrants (in Dollars)   19,200,000egle_AggregateFairValueOfWarrants
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
  19,200,000egle_AggregateFairValueOfWarrants
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
   
Employee Stock Option [Member] | Annually [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | Management Equity Incentive Plan [Member]            
Note 1 - General Information (Details) [Line Items]            
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage       25.00%us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
/ us-gaap_AwardDateAxis
= egle_AnnuallyMember
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_PlanNameAxis
= egle_ManagementEquityIncentivePlanMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
   
Employee Stock Option [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | Management Equity Incentive Plan [Member]            
Note 1 - General Information (Details) [Line Items]            
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Outstanding Stock Maximum       5.50%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
/ us-gaap_AwardTypeAxis
= us-gaap_EmployeeStockOptionMember
/ us-gaap_PlanNameAxis
= egle_ManagementEquityIncentivePlanMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
   
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period       4 years    
Supramax Vessels [Member]            
Note 1 - General Information (Details) [Line Items]            
Vessels In Operation 43egle_VesselsInOperation
/ egle_VesselsTypeAxis
= egle_SupramaxVesselsMember
  43egle_VesselsInOperation
/ egle_VesselsTypeAxis
= egle_SupramaxVesselsMember
     
Handymax Vessels [Member]            
Note 1 - General Information (Details) [Line Items]            
Vessels In Operation 2egle_VesselsInOperation
/ egle_VesselsTypeAxis
= egle_HandymaxVesselsMember
  2egle_VesselsInOperation
/ egle_VesselsTypeAxis
= egle_HandymaxVesselsMember
     
Bankruptcy, Exchanged to Common Stockholders [Member] | Restructuring Support Agreement and Plan of Reorganization [Member]            
Note 1 - General Information (Details) [Line Items]            
Restructuring Covenant, Percentage of Equity Exchanged       0.50%egle_RestructuringCovenantPercentageOfEquityExchanged
/ us-gaap_RestructuringCostAndReserveAxis
= egle_BankruptcyExchangedToCommonStockholdersMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
   
Bankruptcy, Exchanged to Lenders [Member] | Restructuring Support Agreement and Plan of Reorganization [Member]            
Note 1 - General Information (Details) [Line Items]            
Restructuring Covenant, Percentage of Equity Exchanged       99.50%egle_RestructuringCovenantPercentageOfEquityExchanged
/ us-gaap_RestructuringCostAndReserveAxis
= egle_BankruptcyExchangedToLendersMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
   
Restructuring Support Agreement and Plan of Reorganization [Member] | Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]            
Note 1 - General Information (Details) [Line Items]            
Debt Instrument, Basis Spread on Variable Rate         3.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
Restructuring Support Agreement and Plan of Reorganization [Member] | Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]            
Note 1 - General Information (Details) [Line Items]            
Debt Instrument, Basis Spread on Variable Rate         4.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
Restructuring Support Agreement and Plan of Reorganization [Member] | Line of Credit [Member]            
Note 1 - General Information (Details) [Line Items]            
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)         275,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
 
Payments of Debt Issuance Costs (in Dollars)         5,500,000us-gaap_PaymentsOfDebtIssuanceCosts
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
 
Line of Credit Facility, Commitment Fee Percentage         40.00%us-gaap_LineOfCreditFacilityCommitmentFeePercentage
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
 
Restructuring Support Agreement and Plan of Reorganization [Member] | Revolving Credit Facility [Member]            
Note 1 - General Information (Details) [Line Items]            
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)         50,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
 
Payments of Debt Issuance Costs (in Dollars)         5,500,000us-gaap_PaymentsOfDebtIssuanceCosts
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
 
Line of Credit Facility, Commitment Fee Percentage         40.00%us-gaap_LineOfCreditFacilityCommitmentFeePercentage
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
 
Restructuring Support Agreement and Plan of Reorganization [Member] | Management Equity Incentive Plan [Member]            
Note 1 - General Information (Details) [Line Items]            
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Outstanding Stock Maximum       2.00%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
/ us-gaap_PlanNameAxis
= egle_ManagementEquityIncentivePlanMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember