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Consolidated Statements of Cash Flow Statement
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Statement of Cash Flows [Abstract]      
Net Income (loss) $ 27,421 $ (63,846) $ 66,821 [1]
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:      
Depreciation 98,733 93,071 82,566
Amortization 13,168 20,485 26,463
Stock-based compensation expense 6,999 9,983 10,293
Gain on early extinguishment of debt 15,478 0 0
Provision for bad debts 3,934 (757) (816)
Deferred tax expense (benefit) (141,525) (45,958) 34,086
Amortization of deferred financing costs 8,119 11,371 9,675
(Gain) loss on sale of assets (121) 54 44,060
Changes in operating assets and liabilities:      
Accounts receivable 8,525 (58,322) (39,743)
Other current and long-term assets (2,106) 2,272 (8,472)
Deferred drydocking charges 8,063 3,978 13,267
Accounts payable 9,405 (10,901) (10,486)
Accrued liabilities and other liabilities (11,044) (11,935) 7,700
Accrued interest (29) (31) (95)
Net cash provided by (used in) operating activities (14,658) 53,500 217,095
CASH FLOWS FROM INVESTING ACTIVITIES:      
Costs incurred for OSV newbuild program 5 18,104 76,277 190,070
Net proceeds from sale of assets 43 524 152,000
Vessel capital expenditures 1,687 20,689 86,792
Non-vessel capital expenditures 1,552 569 16,487
Net cash used in investing activities (21,300) (97,011) (141,349)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from first-lien credit facility 66,640 0 0
Repurchase of senior notes 5,057 0 0
Repurchase of convertible notes 49,631 0 0
Deferred financing costs 5,636 1,102 2,089
Shares withheld for payment of employee withholding taxes 575 450 1,252
Shares withheld for payment of employee withholding taxes 485 1,300 3,112
Net cash provided by (used in) financing activities 6,226 (252) (229)
Effects of exchange rate changes on cash (446) 989 (839)
Net increase (decrease) in cash and cash equivalents (30,178) (42,774) 74,678
Cash and Cash Equivalents, at Carrying Value 186,849 217,027 259,801
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITIES:      
Interest Paid 52,194 50,152 50,492
Proceeds from Income Tax Refunds 9,042    
Income Taxes Paid   3,732 4,808
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING ACTIVITIES:      
Exchange of convertible notes for first-lien term loan $ 127,096 $ 0 $ 0
[1] The Company's net income for 2017 was favorably impacted by U.S. tax reform legislation that was enacted in December 2017. As a result of tax reform, the Company recorded a benefit of $125,225 related to the repricing of its deferred tax liabilities. Such benefits were reduced primarily by tax expense related to credits that may not be utilized prior to their expiration. Excluding these one-time tax items from the Company's December 31, 2017 results, its net loss would have been $(82,687) or $(2.24) per diluted share for the year ended December 31, 2017. See Note 9 for further information.