Dispositions and Discontinued Operations

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Dispositions and Discontinued Operations

Dispositions and Discontinued Operations

In 2013, the Company sold its U.S. Gulf of Mexico Liftboats and related assets and additionally sold twelve of its inland barge rigs and related assets, comprising the majority of the Inland segment fleet. The results of operations of the former Domestic Liftboat and Inland segments are reflected in the Consolidated Statements of Operations for the three months ended March 31, 2013 as discontinued operations.

Interest charges of $0.8 million and $0.6 million have been allocated, based on a pro rata calculation of the net assets sold as compared to the Company’s consolidated net assets, to the Inland and Domestic Liftboats segments, respectively, for the three months ended March 31, 2013.

Operating results included in discontinued operations were as follows:

	Three Months Ended March 31, 2013
	(in thousands)
Inland:
Revenue	$	4,348
Loss Before Income Taxes	$	(4,785	)
Income Tax Benefit	350
Loss from Discontinued Operations, Net of Taxes	$	(4,435	)
Domestic Liftboats:
Revenue	$	14,784
Loss Before Income Taxes	$	(701	)
Income Tax Benefit	—
Loss from Discontinued Operations, Net of Taxes	$	(701	)
Total:
Revenue	$	19,132
Loss Before Income Taxes	$	(5,486	)
Income Tax Benefit	350
Loss from Discontinued Operations, Net of Taxes	$	(5,136	)