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CAPITAL STOCK AND STOCK COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of share-based compensation, restricted stock units award activity
Activity with respect to restricted common stock and restricted stock units under the Incentive Plans during the three years ended December 31, 2017 is summarized as follows: 
Activity for the three years ended December 31, 2017
 
Class A common
shares
Nonvested Shares Outstanding at December 31, 2014
 
90,163

Granted (1)
 
871,439

Vested ($3.00 to $3.65 per share) (1)
 
(160,835
)
Forfeited (1)
 
(4,342
)
Performance awards (2)
 
11,564

Nonvested Shares Outstanding at December 31, 2015
 
807,989

Granted (1)
 
614,523

Vested ($2.87 to $21.90 per share) (1)
 
(1,025,212
)
Forfeited
 
(88,228
)
INSW Spin off modification
 
430,841

Cancellations related to INSW Spin-off
 
(177,635
)
Nonvested Shares Outstanding at December 31, 2016
 
562,278

Granted
 
586,194

Vested ($2.28 to $4.04 per share)
 
(323,086
)
Forfeited ($2.48 to $2.97 per share)
 
(164,387
)
Nonvested Shares Outstanding at December 31, 2017
 
660,999

 
(1)
Share information has been recast to reflect the 2016 reverse stock split and 2015 stock dividend.
(2)
Represents additional shares resulting from an increase in performance awards vesting on December 31, 2016 and 2015 based on the actual achievement of performance goals.
Schedule of share-based compensation, stock option activity
Activity with respect to stock options under the Incentive Plans during the three years ended December 31, 2017 is summarized as follows:
Activity for the three years ended December 31, 2017
 
Class A common
shares
Options Outstanding at December 31, 2014
 
86,229

Granted (1)
 
182,310

Exercised
 
—

Options Outstanding at December 31, 2015
 
268,539

Granted (1)
 
528,304

Forfeited
 
(2,674
)
Expired
 
(55,971
)
Exercised
 
—

INSW Spin off modification
 
581,332

Cancellations related to INSW Spin-off
 
(205,427
)
Options Outstanding at December 31, 2016
 
1,114,103

Granted
 
135,804

Forfeited ($2.84 per share)
 
(140,345
)
Expired ($3.35 to $4.00 per share)
 
(737,669
)
Exercised
 
—

Options Outstanding at December 31, 2017
 
371,893

Options Exercisable at December 31, 2017
 
99,272

 
(1)
Share information has been recast to reflect the 2016 reverse stock split and 2015 stock dividend.