Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
| CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS [Abstract] |
|
|
|
|
| Revenue |
$ 119,839
|
$ 145,408
|
$ 238,119
|
$ 267,599
|
| Administrative fee revenue from affiliates |
3,882
|
3,502
|
7,804
|
6,881
|
| Time charter, voyage and logistics business expenses |
(57,856)
|
(63,514)
|
(127,790)
|
(114,692)
|
| Direct vessel expenses |
(35,748)
|
(33,840)
|
(66,565)
|
(62,168)
|
| General and administrative expenses incurred on behalf of affiliates |
(3,882)
|
(3,502)
|
(7,804)
|
(6,881)
|
| General and administrative expenses |
(8,668)
|
(9,567)
|
(15,479)
|
(20,598)
|
| Depreciation and amortization |
(27,479)
|
(25,828)
|
(48,684)
|
(51,502)
|
| Interest expense and finance cost, net |
(27,838)
|
(28,521)
|
(55,876)
|
(56,567)
|
| Loss on bond extinguishment |
0
|
(27,281)
|
0
|
(27,281)
|
| Other (expense)/income, net |
(3,321)
|
(7,481)
|
(5,235)
|
(5,415)
|
| Loss before equity in net earnings of affiliated companies |
(41,071)
|
(50,624)
|
(81,510)
|
(70,624)
|
| Equity in net earnings of affiliated companies |
17,968
|
7,079
|
31,880
|
29,497
|
| Loss before taxes |
(23,103)
|
(43,545)
|
(49,630)
|
(41,127)
|
| Income tax benefit/(expense) |
1,695
|
(848)
|
1,843
|
(1,136)
|
| Net loss |
(21,408)
|
(44,393)
|
(47,787)
|
(42,263)
|
| Less: Net (income)/loss attributable to the noncontrolling interest |
(3,405)
|
7,713
|
(3,704)
|
7,636
|
| Net loss attributable to Navios Holdings common stockholders |
(24,813)
|
(36,680)
|
(51,491)
|
(34,627)
|
| Loss attributable to Navios Holdings common stockholders, basic |
(28,906)
|
(38,253)
|
(59,657)
|
(37,427)
|
| Loss attributable to Navios Holdings common stockholders, diluted |
$ (28,906)
|
$ (38,253)
|
$ (59,657)
|
$ (37,427)
|
| Basic loss per share attributable to Navios Holdings common stockholders |
$ (0.27)
|
$ (0.37)
|
$ (0.57)
|
$ (0.36)
|
| Weighted average number of shares, basic |
105,401,820
|
102,947,944
|
105,251,590
|
102,718,368
|
| Diluted loss per share attributable to Navios Holdings common stockholders |
$ (0.27)
|
$ (0.37)
|
$ (0.57)
|
$ (0.36)
|
| Weighted average number of shares, diluted |
105,401,820
|
102,947,944
|
105,251,590
|
102,718,368
|
| Other Comprehensive (loss)/income |
|
|
|
|
| Unrealized holding (loss)/income on investments in available-for-sale securities |
$ (213)
|
$ 758
|
$ (491)
|
$ (381)
|
| Reclassification to earnings |
0
|
11,553
|
0
|
11,553
|
| Total other comprehensive (loss)/income |
(213)
|
12,311
|
(491)
|
11,172
|
| Total comprehensive loss |
(21,621)
|
(32,082)
|
(48,278)
|
(31,091)
|
| Comprehensive (income)/loss attributable to the noncontrolling interest |
(3,405)
|
7,713
|
(3,704)
|
7,636
|
| Total comprehensive loss attributable to Navios Holdings common stockholders |
$ (25,026)
|
$ (24,369)
|
$ (51,982)
|
$ (23,455)
|