Equipment Acquisitions and Dispositions

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Equipment Acquisitions and Dispositions

2.EQUIPMENT ACQUISITIONS AND DISPOSITIONS

During the nine months ended September 30, 2024, capital expenditures were $4.3 million and there were no equipment deliveries. During the nine months ended September 30, 2024, the Company sold one AHTS, previously classified as held for sale, and other equipment for net cash proceeds of $2.4 million, after transaction costs, and a gain of $1.9 million. During the nine months ended September 30, 2023, the Company sold three liftboats, one specialty vessel, previously removed from service, and other equipment, previously classified as held for sale, as well as other equipment not previously classified as such, for net cash proceeds of $8.0 million, after transaction costs, and a gain of $2.7 million.