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Note 2 - Emergence From Bankruptcy Proceedings and Fresh Start Accounting (Tables)
12 Months Ended
Dec. 31, 2017
Notes Tables  
Cumulative Impact of Fresh Start Adjustments on Equity [Table Text Block]
Enterprise value
  $
335,862
 
Plus: Cash and cash equivalents
   
74,939
 
Less: Fair value of debt
   
(92,799
)
Less: Fair value of warrants
   
(88,228
)
Fair value of Successor common stock
  $
229,774
 
Shares outstanding as of November 14, 2017
   
7,041,521
 
Schedule of Allocated Determined Reorganization Value [Table Text Block]
Enterprise value
  $
335,862
 
Plus: Cash and cash equivalents
   
74,939
 
Plus: Current liabilities
   
36,138
 
Plus: Non-current liabilities excluding long-term debt
   
35,075
 
Reorganization value
  $
482,014
 
Reorganization Items [Table Text Block]
   
Successor
   
Predecessor
 
   
November 15
Through
December 31,
   
January 1
Through
November 14,
 
   
2017
   
2017
 
Gains on the settlement of liabilities subject to compromise
  $
-
    $
(342,969
)
Fresh start accounting adjustments
   
-
     
633,970
 
Legal and professional fees and expenses
   
969
     
28,921
 
Total reduction in value of assets
  $
969
    $
319,922
 
Schedule of Fresh-Start Adjustments [Table Text Block]
   
Predecessor
   
Reorganization
Adjustments
   
Fresh Start
Adjustments
   
Successor
 
   
(In thousands)
 
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current assets:
                                           
Cash and cash equivalents
  $
14,900
    $
60,039
   
(1)
     
 
   
 
    $
74,939
 
Trade accounts receivable, net
   
18,722
     
 
   
 
     
 
   
 
     
18,722
 
Other accounts receivable
   
7,638
     
 
   
 
     
 
   
 
     
7,638
 
Inventory
   
7,489
     
 
   
 
     
(6,189
)  
(15)
     
1,300
 
Prepaid expenses
   
4,948
     
150
   
(2)
     
 
   
 
     
5,098
 
Restricted cash
   
3,460
     
 
   
 
     
 
   
 
     
3,460
 
Other current assets
   
1,880
     
 
   
 
     
 
   
 
     
1,880
 
Total current assets
   
59,037
     
60,189
   
 
     
(6,189
)  
 
     
113,037
 
Vessels, equipment, and other fixed assets, net
   
992,085
     
 
   
 
     
(626,429
)  
(15)
     
365,656
 
Construction in progress
   
1,166
     
 
   
 
     
(1,026
)  
(15)
     
140
 
Deferred costs and other assets
   
2,837
     
755
   
(3)
     
(411
)  
(15)
     
3,181
 
Total assets
  $
1,055,125
    $
60,944
   
 
    $
(634,055
)  
 
    $
482,014
 
                                             
LIABILITIES AND STOCKHOLDERS' EQUITY
                                           
Current liabilities:
                                           
Current maturities of long-term debt
  $
118,066
    $
(118,066
)  
(4)
     
 
   
 
    $
-
 
Debtor in possession financing
   
29,000
     
(29,000
)  
(5)
     
 
   
 
     
-
 
Accounts payable
   
12,447
     
(196
)  
(6)
     
 
   
 
     
12,251
 
Income and other taxes payable
   
2,155
     
 
   
 
     
 
   
 
     
2,155
 
Accrued personnel costs
   
12,015
     
(5,126
)  
(7)
     
 
   
 
     
6,889
 
Accrued interest expense
   
1,503
     
(1,503
)  
(8)
     
 
   
 
     
-
 
Other accrued liabilities
   
4,255
     
10,588
   
(9)
     
 
   
 
     
14,843
 
Total current liabilities
   
179,441
     
(143,303
)  
 
     
 
   
 
     
36,138
 
                                             
Long-term debt
   
 
     
92,799
   
(10)
     
 
   
 
     
92,799
 
Long-term income taxes:
                                           
Deferred income tax liabilities
   
115,917
     
 
   
 
     
(102,239
)  
(15)
     
13,678
 
Other income taxes payable
   
18,489
     
 
   
 
     
 
   
 
     
18,489
 
Other liabilities
   
3,469
     
 
   
 
     
(561
)  
(15)
     
2,908
 
Total liabilities not subject to compromise
   
317,316
     
(50,504
)  
 
     
(102,800
)  
 
     
164,012
 
Liabilities subject to compromise
   
448,124
     
(448,124
)  
(11)
     
 
   
 
     
-
 
Stockholders' equity:
                                           
Common stock (Predecessor)
   
296
     
(296
)  
(12)
     
 
   
 
     
-
 
Additional paid-in capital (Predecessor)
   
386,016
     
(386,016
)  
(12)
     
 
   
 
     
-
 
Accumulated other comprehensive loss (Predecessor)
   
(119,101
)    
119,101
   
(12)
     
 
   
 
     
-
 
Treasury stock, at cost (Predecessor)
   
(34,881
)    
34,881
   
(12)
     
 
   
 
     
-
 
Deferred compensation expense (Predecessor)
   
9,328
     
(9,328
)  
(12)
     
 
   
 
     
-
 
Common stock (Successor)
   
-
     
70
   
(13)
     
 
   
 
     
70
 
Additional paid-in capital (Successor)
   
-
     
317,932
   
(13)
     
 
   
 
     
317,932
 
Retained earnings
   
48,027
     
483,228
   
(14)
     
(531,255
)  
(16)
     
-
 
Total stockholders' equity
   
289,685
     
559,572
   
 
     
(531,255
)  
 
     
318,002
 
Total liabilities and stockholders' equity
  $
1,055,125
    $
60,944
   
 
    $
(634,055
)  
 
    $
482,014
 
Schedule of Cumulative Reorganization Adjustments [Table Text Block]
Sources:
               
Proceeds from the Term Loan
  $
100,000
     
 
 
Proceeds from the Rights Offering
   
124,979
     
 
 
Total sources
   
 
    $
224,979
 
Uses:
               
Repayment of Multi Currency Facility Agreeement
  $
72,000
     
 
 
Accrued interest payable on Multi Currency Facility Agreement
   
958
     
 
 
Repayment of Norwegian Facility Agreement
   
45,817
     
 
 
Accrued interest payable on Norwegian Facility Agreement
   
502
     
 
 
Repayment of Debtor in Possession financing
   
29,000
     
 
 
Accrued interest payable on Debtor in Possession financing
   
187
     
 
 
Debt issuance costs on the Term Loan and Revolving Credit Facility
   
6,706
     
 
 
Professional and success fees paid on the Effective Date
   
4,394
     
 
 
Payment of certain allowed claims
   
5,376
     
 
 
Total uses
   
 
     
164,940
 
     
 
    $
60,039
 
Senior Notes
  $
429,640
 
Accrued interest on the Senior Notes
   
18,484
 
Total liabilities subject to compromise
  $
448,124
 
Fair value of equity and warrants issued to Predecessor Noteholders
   
(105,155
)
Gain on settlement of liabilities subject to compromise
  $
342,969