XML 60 R54.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Information - Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Segment Reporting Information [Line Items]          
Operating Revenues $ 68,916 $ 76,900 $ 201,553 $ 206,428  
Direct Costs and Expenses 52,907 40,142 150,526 116,381  
Direct Vessel (Loss) Profit 16,009 36,758 51,027 90,047  
Lease expense 364 651 1,331 2,069  
Administrative and general 11,019 12,300 33,825 37,636  
Depreciation and amortization 12,928 13,462 38,749 40,799  
Other Costs and Expenses 24,311 26,413 73,905 80,504  
Gains on asset dispositions and impairments, net 1,821 (512) 1,857 3,352  
Operating Income (Loss) (6,481) 9,833 (21,021) 12,895  
Historical cost 921,445 936,520 921,445 936,520 $ 918,823
Accumulated depreciation (362,604) (318,549) (362,604) (318,549) (324,141)
Property and equipment 558,841 617,971 558,841 617,971 $ 594,682
Total Assets 673,468 [1] 725,541 [2] 673,468 [1] 725,541 [2]  
Time Charter          
Segment Reporting Information [Line Items]          
Operating Revenues 63,313 68,668 188,225 184,887  
Bareboat Charter          
Segment Reporting Information [Line Items]          
Operating Revenues 372 368 1,100 1,092  
Other Marine Services          
Segment Reporting Information [Line Items]          
Operating Revenues 5,231 7,864 12,228 20,449  
Personnel          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 21,940 19,943 65,176 59,690  
Repairs and Maintenance          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 9,945 7,418 29,952 19,222  
Drydocking          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 6,068 1,768 18,984 4,037  
Insurance and Loss Reserves          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 2,584 1,833 7,421 7,012  
Fuel, Lubes and Supplies          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 6,574 5,047 15,063 13,504  
Other Direct Costs and Expenses          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 5,796 4,133 13,930 12,916  
UNITED STATES          
Segment Reporting Information [Line Items]          
Operating Revenues 7,781 21,714 23,941 41,253  
Direct Costs and Expenses 12,555 10,399 35,368 31,614  
Direct Vessel (Loss) Profit (4,774) 11,315 (11,427) 9,639  
Lease expense 140 116 419 395  
Depreciation and amortization 3,194 3,810 9,138 11,206  
Historical cost 198,688 215,592 198,688 215,592  
Accumulated depreciation (103,139) (96,597) (103,139) (96,597)  
Property and equipment 95,549 118,995 95,549 118,995  
Total Assets 119,579 [1] 155,613 [2] 119,579 [1] 155,613 [2]  
UNITED STATES | Time Charter          
Segment Reporting Information [Line Items]          
Operating Revenues 6,593 16,236 21,247 28,921  
UNITED STATES | Bareboat Charter          
Segment Reporting Information [Line Items]          
Operating Revenues 0 0 0 0  
UNITED STATES | Other Marine Services          
Segment Reporting Information [Line Items]          
Operating Revenues 1,188 5,478 2,694 12,332  
UNITED STATES | Personnel          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 6,297 6,712 18,362 19,204  
UNITED STATES | Repairs and Maintenance          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 1,655 1,560 4,938 4,327  
UNITED STATES | Drydocking          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 2,615 462 7,153 2,011  
UNITED STATES | Insurance and Loss Reserves          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 799 332 2,138 2,455  
UNITED STATES | Fuel, Lubes and Supplies          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 964 958 2,497 2,665  
UNITED STATES | Other Direct Costs and Expenses          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 225 375 280 952  
Africa and Europe          
Segment Reporting Information [Line Items]          
Operating Revenues 31,857 24,471 80,656 68,331  
Direct Costs and Expenses 17,307 13,217 45,695 38,215  
Direct Vessel (Loss) Profit 14,550 11,254 34,961 30,116  
Lease expense 75 372 425 1,209  
Depreciation and amortization 4,540 3,821 13,020 11,599  
Historical cost 332,880 272,312 332,880 272,312  
Accumulated depreciation (119,953) (89,338) (119,953) (89,338)  
Property and equipment 212,927 182,974 212,927 182,974  
Total Assets 260,352 [1] 212,048 [2] 260,352 [1] 212,048 [2]  
Africa and Europe | Time Charter          
Segment Reporting Information [Line Items]          
Operating Revenues 28,809 22,528 76,411 65,938  
Africa and Europe | Bareboat Charter          
Segment Reporting Information [Line Items]          
Operating Revenues 0 0 0 0  
Africa and Europe | Other Marine Services          
Segment Reporting Information [Line Items]          
Operating Revenues 3,048 1,943 4,245 2,393  
Africa and Europe | Personnel          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 6,083 5,089 16,233 14,427  
Africa and Europe | Repairs and Maintenance          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 3,455 2,214 9,825 6,817  
Africa and Europe | Drydocking          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 681 320 3,939 1,648  
Africa and Europe | Insurance and Loss Reserves          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 599 573 1,752 1,311  
Africa and Europe | Fuel, Lubes and Supplies          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 2,514 2,573 4,971 6,207  
Africa and Europe | Other Direct Costs and Expenses          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 3,975 2,448 8,975 7,805  
Middle East and Asia          
Segment Reporting Information [Line Items]          
Operating Revenues 16,786 16,354 52,305 52,484  
Direct Costs and Expenses 13,020 11,233 39,964 26,814  
Direct Vessel (Loss) Profit 3,766 5,121 12,341 25,670  
Lease expense 73 59 229 202  
Depreciation and amortization 3,261 3,721 10,004 11,117  
Historical cost 250,456 285,721 250,456 285,721  
Accumulated depreciation (97,997) (98,481) (97,997) (98,481)  
Property and equipment 152,459 187,240 152,459 187,240  
Total Assets 175,236 [1] 210,401 [2] 175,236 [1] 210,401 [2]  
Middle East and Asia | Time Charter          
Segment Reporting Information [Line Items]          
Operating Revenues 16,411 16,087 50,961 48,678  
Middle East and Asia | Bareboat Charter          
Segment Reporting Information [Line Items]          
Operating Revenues 0 0 0 0  
Middle East and Asia | Other Marine Services          
Segment Reporting Information [Line Items]          
Operating Revenues 375 267 1,344 3,806  
Middle East and Asia | Personnel          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 5,769 5,157 18,662 15,264  
Middle East and Asia | Repairs and Maintenance          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 3,318 2,623 9,473 4,519  
Middle East and Asia | Drydocking          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 832 1,056 3,022 (723)  
Middle East and Asia | Insurance and Loss Reserves          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 927 711 2,343 2,616  
Middle East and Asia | Fuel, Lubes and Supplies          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 1,043 743 3,344 2,310  
Middle East and Asia | Other Direct Costs and Expenses          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 1,131 943 3,120 2,828  
Latin America          
Segment Reporting Information [Line Items]          
Operating Revenues 12,492 14,361 44,651 44,360  
Direct Costs and Expenses 10,025 5,293 29,499 19,738  
Direct Vessel (Loss) Profit 2,467 9,068 15,152 24,622  
Lease expense 76 104 258 263  
Depreciation and amortization 1,933 2,110 6,587 6,877  
Historical cost 139,421 162,895 139,421 162,895  
Accumulated depreciation (41,515) (34,133) (41,515) (34,133)  
Property and equipment 97,906 128,762 97,906 128,762  
Total Assets 118,301 [1] 147,479 [2] 118,301 [1] 147,479 [2]  
Latin America | Time Charter          
Segment Reporting Information [Line Items]          
Operating Revenues 11,500 13,817 39,606 41,350  
Latin America | Bareboat Charter          
Segment Reporting Information [Line Items]          
Operating Revenues 372 368 1,100 1,092  
Latin America | Other Marine Services          
Segment Reporting Information [Line Items]          
Operating Revenues 620 176 3,945 1,918  
Latin America | Personnel          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 3,791 2,985 11,919 10,795  
Latin America | Repairs and Maintenance          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 1,517 1,021 5,716 3,559  
Latin America | Drydocking          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 1,940 (70) 4,870 1,101  
Latin America | Insurance and Loss Reserves          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 259 217 1,188 630  
Latin America | Fuel, Lubes and Supplies          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses 2,053 773 4,251 2,322  
Latin America | Other Direct Costs and Expenses          
Segment Reporting Information [Line Items]          
Direct Costs and Expenses $ 465 $ 367 $ 1,555 $ 1,331  
[1] Total Assets by region does not include corporate assets of $36.0 million as of September 30, 2024.
[2] Total Assets by region does not include corporate assets of $54.8 million as of September 30, 2023.