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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Continuing Operating Activities:      
Net Income (Loss) $ 33,137 $ (83,346) $ (100,070)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 57,395 57,167 57,166
Deferred financing cost amortization 1,097 1,107 1,055
Stock-based compensation expense 5,165 4,646 5,363
Debt discount amortization 6,866 6,672 5,662
Allowance for credit losses 863 230 (404)
(Gains) Losses from equipment sales, retirements or impairments (20,436) 17,588 6,461
Gain from return of investments in 50% or less owned companies (9,442)    
Gain on debt extinguishment (62,749)    
Derivative gains (391) (4,310) (71)
Interest on finance lease 4 1  
Cash settlement payments on derivative transactions, net (2,150) (1,331) (482)
Currency losses 1,235 1,294 2,541
Deferred 4,860 2,258 (12,890)
Equity (earnings) losses (15,078) 8,163 14,459
Dividends received from equity investees 5,332 2,117 2,073
Changes in Operating Assets and Liabilities:      
Accounts receivables 22,437 (30,165) 10,182
Other assets 3,113 6,530 554
Accounts payable and accrued liabilities 471 (18,343) 957
Net cash provided by (used in) operating activities 8,973 (29,722) 1,662
Cash Flows from Continuing Investing Activities:      
Purchases of property and equipment (7,003) (20,808) (44,775)
Proceeds from disposition of property and equipment 30,137 20,674 55,321
Cash impact of sale of ERRV fleet     (5,140)
Purchase of subsidiary from joint venture   (8,445)  
Proceeds from sale of Windcat Workboats, net of transaction costs and cash sold 38,715    
Investments in and advances to 50% or less owned companies (3,008) (2,206) (17,395)
Return of investments and advances from 50% or less owned companies     461
Excess distributions from equity investees 9,442    
Construction reserve funds transferred to short-term cash   3,745  
Construction reserve funds utilized   9,148 15,168
Principal payments on notes due from equity investees 3,345 1,715  
Cash received from acquisition of 50% or less owned company 172    
Net cash provided by investing activities 71,800 3,823 31,030
Cash Flows from Continuing Financing Activities:      
Payments on long-term debt (78,124) (22,601) (23,974)
Payments on debt extinguishment costs (755)    
Proceeds from exercise of stock options and warrants 1 2 1,424
Payments on finance lease (30)    
Issuance of stock 10    
Purchase of subsidiary shares from noncontrolling interests     (3,392)
Net cash used in financing activities (78,898) (22,599) (25,942)
Effects of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (22) 30 (16,619)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash, Continuing Operations 1,853 (48,468) (9,869)
Cash Flows from Discontinued Operations:      
Operating Activities (171) 8,217 13,778
Investing Activities 0 (8,318) (15,388)
Financing Activities 0 941 0
Effects of Exchange Rate Changes on Cash, Restricted Cash and Cash Equivalents 0 119 1,674
Net (Decrease) Increase in Cash, Restricted Cash and Cash Equivalents on Discontinued Operations (171) 959 64
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 1,682 (47,509) (9,805)
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 39,538 87,047 96,852
Cash, Cash Equivalents and Restricted Cash, End of Year 41,220 39,538 87,047
Supplemental disclosures:      
Cash paid for interest, excluding capitalized interest 24,143 21,977 21,479
Income taxes refunded, net 32,759 1,094 1,999
Noncash Investing and Financing Activities:      
Increase in property, plant and equipment related to an acquisition   142,282  
Decrease in joint venture investments related to an acquisition   22,222  
Distribution from equity investee 2,538    
Acquisition of 50% or less owned company 23,037    
Increase in long-term debt related to an acquisition   75,569  
Increase in long-term debt related to asset purchases 6,500 21,252 10,626
Decrease in debt related to debt settlement 62,749    
Increase in capital expenditures in accounts payable and accrued liabilities 10,379 $ 3,193 2,409
Recognition of a new right-of-use asset - operating leases 3,582    
Windcat Workboats      
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Gain (loss) on sale of assets $ (22,756)    
Boston Putford Offshore Safety      
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Gain (loss) on sale of assets     9,106
ERRV Fleet Business      
Cash Flows from Continuing Investing Activities:      
Proceeds from disposition of property and equipment     $ 27,390