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INCOME TAXES (Details) (USD $)
12 Months Ended
Dec. 31, 2012
t
Dec. 31, 2011
Dec. 31, 2010
INCOME TAXES [Abstract]      
Daily notional shipping income per 100 tons of the net tonnage of the vessel up to 25000 net tons $ 0.40    
Base quantity for calculation of daily notional shipping income 100    
Net quantity range considered for calculation of daily notional shipping income 25,000    
Daily notional shipping income per 100 tons of the net tonnage of the vessel in excess of 25000 net tons 0.20    
Foreign earnings indefinitely reinvested 4,365,000 24,391,000 12,583,000
Reduction to its current year U.S. net operating loss 1,971,000    
Income tax current recognition of earnings of foreign subsidiaries 1,971,000 0 2,564,000
DEFERRED TAX LIABILITIES [Abstract]      
Fixed Assets (7,576,000) (7,989,000)  
Drydock Activities (2,825,000) 0  
Deferred Charges (173,000) (21,000)  
Post-Retirement Benefits (324,000) (13,000)  
Other Liability 0 0  
Total Deferred Tax Liabilities (10,898,000) (8,023,000)  
DEFERRED TAX ASSETS [Abstract]      
Net Operating Loss Carryforwards 9,679,000 6,220,000  
Minimum Tax Credit 5,179,000 5,179,000  
Deferred Gain 2,524,000 0  
Market Value Adjustments 1,468,000 1,588,000  
Insurance and Claims Reserve 411,000 954,000  
Work Opportunity Tax Credit 537,000 0  
Lease Incentives 546,000 0  
Other Assets 1,131,000 1,306,000  
Total Deferred Tax Assets 21,475,000 15,247,000  
Valuation Allowance (10,577,000) (7,224,000)  
Net Deferred Tax Assets 10,898,000 8,023,000  
TOTAL DEFERRED TAX 0 0  
DEFERRED TAX COMPONENTS [Abstract]      
Current 323,000 (158,000)  
Non-current (323,000) 158,000  
TOTAL DEFERRED TAX 0 0  
Components of income before provision (benefit) for income taxes [Abstract]      
Domestic 16,668,000 11,704,000 29,321,000
Foreign 5,352,000 20,935,000 (24,591,000)
Income Before Provision for Income Taxes and Equity in Net Income of Unconsolidated Entities 22,020,000 32,639,000 4,730,000
Components of the income tax provision (benefit) [Abstract]      
Current 296,000 680,000 692,000
Deferred (453,000) 0 (1,982,000)
Income Tax Expense (Benefit) (157,000) 680,000 (1,290,000)
Reconciliation of U.S. statutory tax rate to our effective tax rate expense (benefit) [Abstract]      
Statutory Rate (in hundredths) 35.00% 35.00% 35.00%
State Income Taxes (in hundredths) 0.10% 0.10% 0.70%
Effect of Tonnage Tax Rate (in hundredths) (35.00%) (19.90%) (280.90%)
Foreign Earnings - Indefinitely Reinvested (in hundredths) (6.90%) (26.20%) (31.90%)
Foreign Earnings (in hundredths) 0.00% 0.00% 7.30%
Change in Valuation Allowance (in hundredths) 3.50% 7.60% 9.60%
Foreign Income Taxes (in hundredths) 0.90% 1.80% 10.20%
E&P Limitations (in hundredths) 1.60% 3.60% 225.50%
Permanent Differences and Other, Primarily Non-deductible Expenditures (in hundredths) 0.10% 0.10% (2.80%)
Effective Income Tax Rate, Continuing Operations (in hundredths) (0.70%) 2.10% (27.30%)
Tonnage tax included in income tax benefit 64,000 78,000 78,000
Foreign income taxes 205,000 588,000 581,000
Operating Loss Carryforwards [Line Items]      
Deferred Federal Income Tax Expense (Benefit) 94,000    
Unrecognized tax benefits [Abstract]      
Total unrecognized tax benefits as of: January 1, 1,400,000 1,400,000  
Increases (decreases) in unrecognized tax benefits as a result of [Abstract]      
Tax positions taken during a prior year 0 0  
Lapse of applicable statute of limitations (1,400,000) 0  
Total unrecognized tax benefits as of: December 31, 0 1,400,000 1,400,000
Federal [Member]
     
Operating Loss Carryforwards [Line Items]      
Net operating loss carryforwards generated during period 3,026,000    
Net operating loss carryforwards 26,138,000 23,112,000  
Minimum tax credit carryforwards 5,179,000    
Federal [Member] | Minimum [Member]
     
Operating Loss Carryforwards [Line Items]      
Expiration period 2024    
Federal [Member] | Maximum [Member]
     
Operating Loss Carryforwards [Line Items]      
Expiration period 2032    
State [Member]
     
Operating Loss Carryforwards [Line Items]      
Net operating loss carryforwards generated during period 93,000    
Net operating loss carryforwards 12,573,000 12,480,000  
State [Member] | Minimum [Member]
     
Operating Loss Carryforwards [Line Items]      
Expiration period 2024    
State [Member] | Maximum [Member]
     
Operating Loss Carryforwards [Line Items]      
Expiration period 2032    
Foreign [Member]
     
Operating Loss Carryforwards [Line Items]      
Net operating loss carryforwards generated during period $ 2,823,000