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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Continuing Operating Activities:    
Net Income (Loss) $ 6,011 $ (17,938)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 14,798 13,362
Deferred financing costs amortization 260 279
Amortization of employee share awards 1,111 1,069
Restricted stock vesting (262) (175)
Debt discount amortization 1,892 1,478
Bad debt recoveries (expense) 24 (80)
Loss from equipment sales, retirements or impairments 2,273 12,572
Gain on the Sale of Windcat Workboats (22,756)  
Derivative gains (355) (5,114)
Cash settlement payments on derivative transactions, net (919) (199)
Currency (gains) losses 466 (710)
Deferred income taxes (4,056) (7,768)
Equity Earnings (4,103) (25)
Changes in Operating Assets and Liabilities:    
Accounts receivables 11,345 (11,770)
Other assets 1,192 (893)
Accounts payable and accrued liabilities (10,296) 4,774
Net cash used in operating activities (3,375) (11,138)
Cash Flows from Continuing Investing Activities:    
Purchases of property and equipment (2,724) (8,456)
Proceeds from disposition of property and equipment 3,266 3,105
Construction reserve funds utilized   9,148
Proceeds from sale of Windcat Workboats, net of transaction costs and cash sold [1] 38,715  
Investments in and advances to 50% or less owned companies (736) (245)
Principal payments on notes due from equity investees 919  
Net cash provided by investing activities 39,440 3,552
Cash Flows from Continuing Financing Activities:    
Payments on long-term debt (8,302) (5,069)
Interest on Finance Lease 2  
Issuance of stock 8  
Net cash used in financing activities (8,292) (5,069)
Effects of Exchange Rate Changes on Cash and Cash Equivalents 4,621 (1,037)
Net Increase (Decrease) in Cash, Restricted Cash and Cash Equivalents 32,394 (13,692)
Cash Flows from Discontinued Operations:    
Operating Activities (171) 2,549
Investing Activities 0 (2,788)
Financing Activities 0 (153)
Effects of Exchange Rate Changes on Cash, Restricted Cash and Cash Equivalents   (390)
Net Decrease in Cash, Restricted Cash and Cash Equivalents on Discontinued Operations (171) (782)
Net Increase (Decrease) in Cash, Restricted Cash and Cash Equivalents 32,223 (14,474)
Cash, Restricted Cash and Cash Equivalents, Beginning of Period 39,538 87,047
Cash, Restricted Cash and Cash Equivalents, End of Period 71,761 72,573
Supplemental disclosures:    
Cash paid for interest, excluding capitalized interest (4,398) (4,513)
Income taxes refunded, net 12,057 1,574
Noncash Investing and Financing Activities:    
Decrease in capital expenditures in accounts payable and accrued liabilities $ (1,555) $ (7,212)
[1]

Refer to Note 2. Equipment Acquisitions and Dispositions for a reconciliation of the cash received from the sale of Windcat Workboats