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Long-Term Debt (Details) (USD $)
3 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Jun. 20, 2011
Tranche
Mar. 31, 2013
Revolving Credit Facility [Member]
Nov. 28, 2012
Revolving Credit Facility [Member]
Jan. 31, 2013
Revolving Credit Facility One [Member]
Mar. 31, 2013
Revolving Credit Facility One [Member]
Jun. 20, 2011
ING Bank [Member]
Nov. 30, 2012
Capital One N.A [Member]
Mar. 31, 2013
Notes Payable - Variable Rate 2015 [Member]
Jun. 30, 2011
Notes Payable - Variable Rate 2018, Tranche A [Member]
Jan. 31, 2012
Notes Payable - Variable Rate 2018, Tranche B [Member]
Nov. 30, 2011
Notes Payable - Variable Rate 2018, Tranche B [Member]
Jun. 20, 2011
Notes Payable - Variable Rate 2018, Tranche B [Member]
Mar. 31, 2013
Secured Debt [Member]
Notes Payable - Variable Rate 2015 [Member]
Mar. 31, 2013
Secured Debt [Member]
Notes Payable - Variable Rate 2020 [Member]
Mar. 31, 2013
Unsecured Line of Credit [Member]
Dec. 31, 2012
Unsecured Line of Credit [Member]
Mar. 31, 2013
G. Ridge [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2015 [Member]
Dec. 31, 2012
G. Ridge [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2015 [Member]
Mar. 31, 2013
O. Wave [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2017b [Member]
Dec. 31, 2012
O. Wave [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2017b [Member]
Mar. 31, 2013
UOS [Member]
Secured Debt [Member]
Notes Payable Variable Rate 2017c [Member]
Dec. 31, 2012
UOS [Member]
Secured Debt [Member]
Notes Payable Variable Rate 2017c [Member]
Mar. 31, 2013
Crest/Tide [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2018d [Member]
Dec. 31, 2012
Crest/Tide [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2018d [Member]
Mar. 31, 2013
Australia [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2018, Tranche A [Member]
Dec. 31, 2012
Australia [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2018, Tranche A [Member]
Mar. 31, 2013
Americas [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2018, Tranche B [Member]
Dec. 31, 2012
Americas [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2018, Tranche B [Member]
Mar. 31, 2013
G. Dale [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2018c [Member]
Dec. 31, 2012
G. Dale [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2018c [Member]
Mar. 31, 2013
Rio Geike [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2020 [Member]
Dec. 31, 2012
Rio Geike [Member]
Secured Debt [Member]
Notes Payable - Variable Rate 2020 [Member]
Long-term Debt [Abstract]                                                                    
Interest rate (in hundredths)                                 3.96% [1] 3.9597% [1] 2.0346% [2] 2.06% [2] 2.5537% 2.559% 2.7037% [3] 2.709% [3]     2.7801% [4] 2.809% [4] 2.8158% [4] 2.8158% [4] 2.9536% 2.981% 1.81% [5] 1.8314% [5]
Interest rate, minimum (in hundredths)                                                 2.78% 2.81%                
Interest rate, maximum (in hundredths)                                                 2.80% 2.85%                
Maturity date                                 2014 [1]   2015 [2]   2017   2017 [3]   2018   2018 [4]   2018 [4]   2018   2020 [5]  
Total principal due $ 216,044,000 $ 237,630,000                             $ 26,255,000 [1] $ 38,255,000 [1] $ 12,000,000 [2] $ 12,666,000 [2] $ 13,063,000 $ 13,436,000 $ 28,500,000 [3] $ 30,000,000 [3] $ 47,840,000 $ 48,760,000 $ 18,038,000 [4] $ 18,896,000 [4] $ 17,593,000 [4] $ 17,908,000 [4] $ 14,910,000 $ 15,620,000 $ 37,845,000 [5] $ 42,089,000 [5]
Less current maturities (25,729,000) (26,040,000)                                                                
Long-term debt - non-current 190,315,000 211,590,000                                                                
Interest rate swap , fixed interest rate (in hundredths)                   4.41%           2.065%                                    
Effective, swaption interest rate (in hundredths)                             6.16% 3.715%                                    
Term of financing agreement               7 years 5 years                                                  
Maximum borrowing capacity         30,000,000   42,000,000   30,000,000         23,300,000                                        
Business acquisition interest in acquiree (in hundredths) 100.00%                                                                  
Number of tranches     2                                                              
Proceeds from borrowings of line of credit                     24,200,000 12,700,000 6,100,000                                          
Repayments of long term lines of credit           12,000,000                                                        
Line of credit facility, extended expiration date       Jan. 31, 2013     Jul. 31, 2014                                                      
Loans pledged as collateral           3,745,000                                                        
Long-term debt weighted average interest rate (in hundredths) 3.3469% 3.2645%                                                                
Line of credit facility, fully drawn $ 9,000,000                                                                  
[1] Effective November 28, 2012, our revolving credit facility was increased from $30 million to $42 million to provide additional funds for working capital purposes. This revolver was considered fully drawn at December 31, 2012 and the $12 million increase was fully repaid in January 2013. At the point of repayment, the revolving credit facility was reduced back to $30 million with $3.745 million used as collateral for various letters of credit. At March 31, 2013, the $30 million revolver was considered fully drawn with $9 million repaid in early April 2013. The expiration of this facility is July of 2014. The net weighted average interest rate on all of our long-term debt after consideration of the effect of our interest rate swaps at March 31, 2013 and December 31, 2012 was 3.3469% and 3.2645%, respectively.
[2] We have interest rate swap agreements in place to fix the interest rate on our variable rate note payable expiring in 2015 at 4.41%. After applicable margin adjustments, the effective interest rate on this note payable is fixed at 6.16%. The swap agreements are for the same terms as the associated note payable.
[3] We entered into a variable rate financing agreement with Capital One N.A. on November 30, 2012 for a five year facility totaling $30 million to finance a portion of the acquisition of UOS. This facility was fully drawn prior to the end of 2012.
[4] We entered into a variable rate financing agreement with ING Bank N.V., London branch on June 20, 2011 for a seven year facility to finance the acquisition of a Cape Size vessel and a Handymax Bulk Carrier Newbuilding, both of which we acquired a 100% interest in as a result of our acquisition of Dry Bulk. Pursuant to the terms of the facility, the lender agreed to provide a secured term loan facility divided into two tranches: Tranche A, fully drawn on June 20, 2011 in the amount of $24.2 million, and Tranche B, providing up to $23.3 million of additional credit. Under Tranche B, we drew $6.1 million in November 2011 and $12.7 million on January 24, 2012.
[5] We have an interest rate swap agreement in place to fix the interest rate on our variable rate note payable expiring in 2020 at 2.065%. After applicable margin adjustments, the effective interest rate on this note payable is fixed at 3.715%. The swap agreement is for the same term as the associated note payable.