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Long Term Debt (Schedule Of Long-Term Debt) (Details)
¥ in Billions
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Apr. 24, 2015
JPY (¥)
Apr. 24, 2015
USD ($)
Aug. 26, 2014
USD ($)
item
Jun. 20, 2011
USD ($)
item
Aug. 31, 2014
USD ($)
item
Jan. 24, 2012
USD ($)
Nov. 30, 2011
USD ($)
Aug. 31, 2010
USD ($)
item
Mar. 31, 2015
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Debt Instrument [Line Items]                        
Total principal due                   $ 219,270,000   $ 242,888,000
Less current maturities                   (23,062,000)   (23,367,000)
Less: Debt Issuance Costs                   (3,227,000)   (2,870,000)
Long-Term Debt, Net                   192,981,000   216,651,000
Proceeds from borrowings of line of credit                   5,000,000 $ 18,000,000  
Line of credit                   50,000,000    
Pre-funding of upcoming quarterly debt payment, amount                   $ 1,156,000   $ 1,394,000
Bank debt owed to DnB ASA paid off         $ 11,400,000              
Related debt paid off ¥ 2.9 $ 24,000,000                    
Notes Payable - Variable Rate 2018a [Member]                        
Debt Instrument [Line Items]                        
Interest rate (in hundredths) [1]                   2.7803%   2.7471%
Maturity date [1]                   2018    
Total principal due [1]                   $ 10,307,000   $ 12,025,000
Business acquisition interest in acquiree       100.00%                
Proceeds from borrowings of line of credit       $ 24,100,000                
Notes Payable - Variable Rate 2018b [Member]                        
Debt Instrument [Line Items]                        
Interest rate, minimum (in hundredths) [1]                   2.7708%   2.7312%
Interest rate, maximum (in hundredths) [1]                   2.777%   2.7324%
Maturity date [1]                   2018    
Total principal due [1]                   $ 26,373,000   $ 41,400,000
Proceeds from borrowings of line of credit       $ 23,300,000   $ 12,700,000 $ 6,100,000          
Notes Payable - Variable Rate 2017 [Member]                        
Debt Instrument [Line Items]                        
Interest rate (in hundredths)                   2.534%   2.505%
Maturity date                   2017    
Total principal due                   $ 8,024,000   $ 9,144,000
Notes Payable - Variable Rate 2018c [Member]                        
Debt Instrument [Line Items]                        
Interest rate (in hundredths) [1]                   2.7775%   2.735%
Maturity date [1]                   2018    
Total principal due [1]                   $ 14,766,000   $ 15,394,000
Notes Payable - Variable Rate 2020 [Member]                        
Debt Instrument [Line Items]                        
Interest rate (in hundredths) [2]                   4.16%   3.61%
Maturity date [2]                   2020    
Total principal due [2]                   $ 32,000,000   $ 24,812,000
Notes Payable - Variable Rate 2018d [Member]                        
Debt Instrument [Line Items]                        
Interest rate (in hundredths) [3]                   3.99%   3.99%
Maturity date [3]                   2018    
Total principal due [3]                   $ 40,219,000   $ 41,906,000
Notes Payable - Fixed Rate 2020 [Member]                        
Debt Instrument [Line Items]                        
Interest rate (in hundredths) [4]                   4.35%   4.35%
Maturity date [4]                   2020    
Total principal due [4]                   $ 36,279,000   $ 37,759,000
Notes Payable - Variable Rate 2021 [Member]                        
Debt Instrument [Line Items]                        
Interest rate (in hundredths) [5]                   2.9354%   2.9195%
Maturity date [5]                   2021    
Total principal due [5]                   $ 20,297,000   $ 21,943,000
Note Payable - Mortgage [Member]                        
Debt Instrument [Line Items]                        
Total principal due [6]                   $ 5,000   $ 5,000
Notes Payable - Variable Rate 2018 Tranche I [Member]                        
Debt Instrument [Line Items]                        
Secured term loan facility fully drawn amount               $ 36,800,000        
Notes Payable - Variable Rate 2018 Tranche II [Member]                        
Debt Instrument [Line Items]                        
Secured term loan facility fully drawn amount               $ 18,400,000        
Line Of Credit Facility [Member]                        
Debt Instrument [Line Items]                        
Interest rate (in hundredths) [3]                   3.94%   3.91%
Maturity date [3]                   2018    
Total principal due [3]                   $ 31,000,000   $ 38,500,000
Senior Secured Credit Facility [Member]                        
Debt Instrument [Line Items]                        
Total principal due                   31,000,000    
Term loan facility principal amount                   45,000,000    
Line of credit                   50,000,000    
Standby Letters Of Credit [Member]                        
Debt Instrument [Line Items]                        
Line of credit                   20,000,000    
Swingline Loans [Member]                        
Debt Instrument [Line Items]                        
Line of credit                   5,000,000    
Loan Agreement [Member]                        
Debt Instrument [Line Items]                        
Pre-funding of upcoming quarterly debt payment, amount                   $ 400,000    
ING Bank [Member]                        
Debt Instrument [Line Items]                        
Term of financing agreement in years               7 years   7 years    
Number of tranches | item       2       2        
Handysize Vessel [Member]                        
Debt Instrument [Line Items]                        
Number of vessels covered by Tranch I | item               2        
Related debt paid off                 $ 13,500,000      
Handysize Vessel [Member] | ING Bank [Member]                        
Debt Instrument [Line Items]                        
Number of vessels financed | item               3        
DVB Bank SE [Member]                        
Debt Instrument [Line Items]                        
Less: Debt Issuance Costs                   $ (600,000)    
DVB Bank SE [Member] | Loan Agreement [Member]                        
Debt Instrument [Line Items]                        
Term loan facility principal amount     $ 38,500,000                  
Number of quarterly payments | item     24                  
Final quarterly balloon payment     $ 20,700,000                  
DVB Bank SE [Member] | New Loan Agreement [Member]                        
Debt Instrument [Line Items]                        
Interest rate (in hundredths)   4.16%                    
Term loan facility principal amount   $ 32,000,000                    
Final quarterly balloon payment   16,800,000                    
Pre-funding of upcoming quarterly debt payment, amount                   $ 800,000    
Term for principal to be paid quarterly                   5 years    
Amortization period                   10 years    
RBS Asset Finance [Member] | Loan Agreement [Member]                        
Debt Instrument [Line Items]                        
Term loan facility principal amount         $ 23,000,000              
Basis spread on variable interest rate         2.75%              
Number of monthly payments | item         84              
DNB Bank [Member]                        
Debt Instrument [Line Items]                        
Related debt paid off   $ 28,100,000                    
[1] We entered into a variable rate financing agreement with ING Bank N.V, London branch in August 2010 for a seven year facility to finance the construction and acquisition of three Handysize vessels. Pursuant to the terms of the facility, the lender agreed to provide a secured term loan facility divided into two tranches which corresponded to the vessel delivery schedule. Tranche I covered the first two vessels delivered with Tranche II covering the last vessel. Tranche I was fully drawn in the amount of $36.8 million, and Tranche II fully drawn at $18.4 million We entered into a variable rate financing agreement with ING Bank N.V., London branch in June 2011 for a seven year facility to finance the acquisition of a Capesize vessel and a Supramax 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 in June 2011 in the amount of $24.1 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 in January 2012. In order to aid in the collateral value coverage covenant, both of the above facilities were merged into one under an Assignment, Assumption, Amendment and Restatement Facility dated June 10, 2015. None of the debt maturities or terms were amended.
[2] In April 2015, we paid off our loan of $28.1 million loan with DNB Bank and settled the related Yen forward contract and interest rate swap. We obtained a new loan with DVB Bank SE in the amount of $32.0 million. Interest under the new loan is payable at a fixed rate of 4.16% with the principal being paid quarterly over a five-year term based on an amortization of ten years with a final quarterly balloon payment of $16.8 million due in April 2020. This loan requires us to pre-fund a portion of the upcoming quarterly scheduled debt payment, which, at June 30, 2015, constituted $0.8 million and is included as restricted cash on our balance sheet. This facility was amended on June 30, 2015 to change the borrower from LCI Shipholdings, Inc. to East Gulf Shipholding, Inc.
[3] As described in greater detail above, our senior secured Credit Facility matures on September 24, 2018 and, at June 30, 2015, included a term loan facility in the principal amount of $45 million and a LOC in the principal amount up to $50 million. The LOC facility includes a $20 million sublimit for the issuance of standby letters of credit and a $5 million sublimit for swingline loans.
[4] We entered into a fixed rate financing agreement with DVB Bank SE, on August 26, 2014 in the amount of $38.5 million, collateralized by our 2007 PCTC at a rate of 4.35% with 24 quarterly payments with a final balloon payment of $20.7 million in August 2020. This loan requires us to pre-fund a one-third portion of the upcoming quarterly scheduled debt payment, which, at June 30, 2015, constituted $0.4 million and is included as restricted cash on our balance sheet.
[5] In August 2014, we paid off our $11.4 million loan with DNB Bank and obtained a new loan with RBS Asset Finance in the amount of $23.0 million collateralized by one of our 1999 PCTCs at a variable rate equal to the 30-day Libor rate plus 2.75% payable in 84 monthly installments with the final payment due August 2021.
[6] Represents borrowings associated with the proposed construction financing related to the building we plan to renovate as our New Orleans headquarters.