Note 2 - Emergence From Bankruptcy Proceedings and Fresh Start Accounting - Reorganization and Fresh Start Accounting Adjustments (Details) $ in Thousands	Nov. 14, 2017 USD ($)
Cash and cash equivalents, Reorganization Adjustments	$ 60,039	[1]
Plus: Cash and cash equivalents	74,939
Trade accounts receivable, net, Successor	18,722
Other accounts receivable, Successor	7,638
Inventory, Fresh start adjustments	(6,189)	[2]
Inventory, Successor	1,300
Prepaid expenses, Reorganization Adjustments	150	[3]
Prepaid expenses, Successor	5,098
Restricted cash, Successor	3,460
Other current assets, Successor	1,880
Total current assets, Reorganization Adjustments	60,189
Total current assets, Fresh start adjustments	(6,189)
Total current assets, Successor	113,037
Vessels, equipment, and other fixed assets, net, Fresh start adjustments	(626,429)	[2]
Vessels, equipment, and other fixed assets, net, Successor	365,656
Construction in progress, Fresh start adjustments	(1,026)	[2]
Construction in progress, Successor	140
Deferred costs and other assets, Reorganization Adjustments	755	[4]
Deferred costs and other assets, Fresh start adjustments	(411)	[2]
Deferred costs and other assets, Successor	3,181
Total assets, Reorganization Adjustments	60,944
Total assets, Fresh start adjustments	(634,055)
Reorganization value	482,014
Current maturities of long-term debt, Reorganization Adjustments	(118,066)	[5]
Debtor in possession financing, Reorganization Adjustments	(29,000)	[6]
Accounts payable, Reorganization Adjustments	(196)	[7]
Accounts payable, Successor	12,251
Income and other taxes payable, Successor	2,155
Accrued personnel costs, Reorganization Adjustments	(5,126)	[8]
Accrued personnel costs, Successor	6,889
Accrued interest expense, Reorganization Adjustments	(1,503)	[9]
Other accrued liabilities, Reorganization Adjustments	10,588	[10]
Other accrued liabilities, Successor	14,843
Total current liabilities, Reorganization Adjustments	(143,303)
Plus: Current liabilities	36,138
Long-term debt, Reorganization Adjustments	92,799	[11]
Long-term debt, Successor	92,799
Deferred income tax liabilities, Fresh start adjustments	(102,239)	[2]
Deferred income tax liabilities, Successor	13,678
Other income taxes payable, Successor	18,489
Other liabilities, Fresh start adjustments	(561)	[2]
Other liabilities, Successor	2,908
Total liabilities not subject to compromise, Reorganization Adjustments	(50,504)
Total liabilities not subject to compromise, Fresh start adjustments	(102,800)
Total liabilities not subject to compromise, Successor	164,012
Liabilities subject to compromise, Reorganization Adjustments	(448,124)	[12]
Common stock (Predecessor), Reorganization Adjustments	(296)	[13]
Additional paid-in capital (Predecessor), Reorganization Adjustments	(386,016)	[13]
Accumulated other comprehensive loss, Reorganization Adjustments	119,101	[13]
Treasury stock, at cost, Reorganization Adjustments	34,881	[13]
Deferred compensation expense, Reorganization Adjustments	(9,328)	[13]
Common stock (Successor), Reorganization Adjustments	70	[14]
Common stock, Successor	70
Additional paid-in capital (Successor), Reorganization Adjustments	317,932	[14]
Additional paid-in capital, Successor	317,932
Retained earnings, Reorganization Adjustments	483,228	[15]
Retained earnings, Fresh start adjustments	(531,255)	[16]
Total stockholders' equity, Reorganization Adjustments	559,572
Total stockholders' equity, Fresh start adjustments	(531,255)
Total stockholders' equity, Successor	318,002
Total liabilities and stockholders' equity, Reorganization Adjustments	60,944
Total liabilities and stockholders' equity, Fresh start adjustments	(634,055)
Total liabilities and stockholders' equity, Successor	482,014
Predecessor [Member]
Cash and cash equivalents, Predecessor	14,900
Trade accounts receivable, net, Predecessor	18,722
Other accounts receivable, Predecessor	7,638
Inventory, Predecessor	7,489
Prepaid expenses, Predecessor	4,948
Restricted cash, Predecessor	3,460
Other current assets, Predecessor	1,880
Total current assets, Predecessor	59,037
Vessels, equipment, and other fixed assets, net, Predecessor	992,085
Construction in progress, Predecessor	1,166
Deferred costs and other assets, Predecessor	2,837
Total assets, Predecessor	1,055,125
Current maturities of long-term debt, Predecessor	118,066
Debtor in possession financing, Predecessor	29,000
Accounts payable, Predecessor	12,447
Income and other taxes payable, Predecessor	2,155
Accrued personnel costs, Predecessor	12,015
Accrued interest expense, Predecessor	1,503
Other accrued liabilities, Predecessor	4,255
Total current liabilities, Predecessor	179,441
Long-term debt, Predecessor
Deferred income tax liabilities, Predecessor	115,917
Other income taxes payable, Predecessor	18,489
Other liabilities, Predecessor	3,469
Total liabilities not subject to compromise, Predecessor	317,316
Liabilities subject to compromise, Predecessor	448,124
Common stock (Predecessor)	296
Additional paid-in capital (Predecessor)	386,016
Accumulated other comprehensive loss (Predecessor)	(119,101)
Treasury stock, at cost (Predecessor)	(34,881)
Deferred compensation expense (Predecessor)	9,328
Retained earnings	48,027
Total stockholders' equity	289,685
Total liabilities and stockholders' equity	$ 1,055,125

[1] Represents the net cash payments that occurred on the Effective Date 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

[2] Represents the Fresh Start Accounting valuation adjustments applied to our vessels and spare parts inventory of the Company, combined with the related tax effects resulting from reduction in the book basis of these assets

[3] Represents the capitalization of annual administration fee attributable to the $25 million Revolving Credit Facility and the $100 million Term Loan

[4] Represents capitalization of debt issuance costs attributable to the $25 million Revolving Credit Facility

[5] Represents repayment of Multi Currency Facility Agreement and Norwegian Facility Agreement

[6] Represents repayment of Debtor in Possession financing

[7] Represents payment of allowed claims

[8] Represents payments of cash obligations under deferred compensation arrangements

[9] Represents payments of interest payable on the Multi Currency Facility Agreement, the Norwegian Facility Agreement and the Debtor in Possession financing

[10] Represents accrual for the remaining unpaid administrative expense claims

[11] Represents initial borrowings under the Term Loan of $100 million, less debt issuance costs of $7.2 million

[12] Liabilities subject to compromise and gain on settlement of liabilities subject to compromise are as follows: 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

[13] Represents the cancellation of the Predecessor common stock and related components of the Predecessor equity

[14] Represents the issuance of Successor equity. The Successor issued approximately 7 million shares of new common stock including approximaely 6.9 million shares to the Predecessor Noteholders and 0.1 million shares to the holders of the Predecessor Stock. Also approximately 3 million Noteholder Warrants were issued upon emergence to the Predecessor Noteholders with an exercise price of $0.01 per share which were valued a $29.49 per share. Additionally, approximately 811,000 Equity Warrants were issued to the holders of Predecessor Stock with an exercise price of $100 per share. The value of each Equity Warrant was estimated at $1.27 per share

[15] Represents the cumulative impact of the reorganization adjustments described above

[16] Represents the cumulative impact of the Fresh Start Accounting adjustments discussed above