XML 45 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 1 - Basis of Presentation and General Information (Details) (USD $)
In Millions, except Share data, unless otherwise specified
0 Months Ended 3 Months Ended 0 Months Ended
Oct. 02, 2014
Oct. 09, 2014
Mar. 31, 2015
Mar. 31, 2014
Oct. 09, 2014
Jul. 02, 2014
Note 1 - Basis of Presentation and General Information (Details) [Line Items]            
Vessels In Operation     45egle_VesselsInOperation      
Dead Weight Tonnage Of Operating Fleet     2,451,259egle_DeadWeightTonnageOfOperatingFleet      
Average Age In Years Of Operating Fleet 7 years   8 years 36 days      
Line of Credit Facility, Commitment Fee Amount (in Dollars)   $ 5.5us-gaap_LineOfCreditFacilityCommitmentFeeAmount        
Annually [Member] | Subsequent Event [Member] | Employee Stock Option [Member] | Management Equity Incentive Plan [Member] | Restructuring Support Agreement and Plan of Reorganization [Member]            
Note 1 - Basis of Presentation and 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
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
       
Subsequent Event [Member] | Employee Stock Option [Member] | Management Equity Incentive Plan [Member] | Restructuring Support Agreement and Plan of Reorganization [Member]            
Note 1 - Basis of Presentation and 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
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
       
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period   4 years        
Subsequent Event [Member] | New Eagle Equity Warrants [Member] | Bankruptcy, Exchanged to Common Stockholders [Member] | Restructuring Support Agreement and Plan of Reorganization [Member]            
Note 1 - Basis of Presentation and 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
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
    3,045,327us-gaap_ClassOfWarrantOrRightOutstanding
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
/ us-gaap_RestructuringCostAndReserveAxis
= egle_BankruptcyExchangedToCommonStockholdersMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
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
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
    1us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
/ us-gaap_RestructuringCostAndReserveAxis
= egle_BankruptcyExchangedToCommonStockholdersMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
Subsequent Event [Member] | New Eagle Equity Warrants [Member]            
Note 1 - Basis of Presentation and 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
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
    1us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)   $ 27.82us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
    $ 27.82us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_NewEagleEquityWarrantsMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
Subsequent Event [Member] | Management Equity Incentive Plan [Member] | Restructuring Support Agreement and Plan of Reorganization [Member]            
Note 1 - Basis of Presentation and 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
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
       
Subsequent Event [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | Line of Credit [Member]            
Note 1 - Basis of Presentation and 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_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
       
Subsequent Event [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | Line of Credit [Member]            
Note 1 - Basis of Presentation and 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_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
       
Subsequent Event [Member] | Bankruptcy, Exchanged to Common Stockholders [Member] | Restructuring Support Agreement and Plan of Reorganization [Member]            
Note 1 - Basis of Presentation and 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
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
       
Subsequent Event [Member] | Bankruptcy, Exchanged to Lenders [Member] | Restructuring Support Agreement and Plan of Reorganization [Member]            
Note 1 - Basis of Presentation and 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
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
       
Subsequent Event [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | Line of Credit [Member]            
Note 1 - Basis of Presentation and General Information (Details) [Line Items]            
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)   275us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
    275us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
Line of Credit Facility, Commitment Fee Percentage   40.00%us-gaap_LineOfCreditFacilityCommitmentFeePercentage
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
       
Subsequent Event [Member] | Restructuring Support Agreement and Plan of Reorganization [Member] | Revolving Credit Facility [Member]            
Note 1 - Basis of Presentation and General Information (Details) [Line Items]            
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)   50us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
    50us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
New Eagle Equity Warrants [Member] | Bankruptcy, Exchanged to Common Stockholders [Member] | Restructuring Support Agreement and Plan of Reorganization [Member]            
Note 1 - Basis of Presentation and General Information (Details) [Line Items]            
Warrant, Term   7 years        
Trigger Price C Warrants [Member]            
Note 1 - Basis of Presentation and General Information (Details) [Line Items]            
Class of Warrant or Right, Common Stock Threshold Price (in Dollars per share)           $ 0.50egle_ClassOfWarrantOrRightCommonStockThresholdPrice
/ us-gaap_ClassOfWarrantOrRightAxis
= egle_TriggerPriceCWarrantsMember
Supramax Vessels [Member]            
Note 1 - Basis of Presentation and General Information (Details) [Line Items]            
Vessels In Operation     43egle_VesselsInOperation
/ egle_VesselsTypeAxis
= egle_SupramaxVesselsMember
     
Handymax Vessels [Member]            
Note 1 - Basis of Presentation and General Information (Details) [Line Items]            
Vessels In Operation     2egle_VesselsInOperation
/ egle_VesselsTypeAxis
= egle_HandymaxVesselsMember
     
Restructuring Support Agreement and Plan of Reorganization [Member] | Line of Credit [Member]            
Note 1 - Basis of Presentation and General Information (Details) [Line Items]            
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)   275us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
    275us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
 
Debt Instrument, Basis Spread on Variable Rate       3.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ 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
0.70%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 - Basis of Presentation and General Information (Details) [Line Items]            
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)   $ 50us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_RestructuringPlanAxis
= egle_RestructuringSupportAgreementAndPlanOfReorganizationMember
    $ 50us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ 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