DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The table below presents statements of operations data for INSW, which has been classified as discontinued operations for the years ended December 31, 2016 and 2015.

	Years Ended December 31,
	2016			2015
Shipping revenues:
Pool revenues	$	226,329		$	360,218
Time and bareboat charter revenues	88,786			52,092
Voyage charter revenues	50,005			85,324
	365,120			497,634
Operating expenses:
Voyage expenses	11,219			21,844
Vessel expenses	129,914			143,925
Charter hire expenses	32,790			36,802
Depreciation and amortization	73,039			80,962
General and administrative	17,900			17,628
Technical management transition costs	—			39
Spin-off related costs	16,763			—
Severance costs	243			—
Loss/(gain) on disposal of vessels and other property, including impairments	382,163			(4,459		)
Total Operating Expenses	664,031			296,741
(Loss)/Income from Vessel Operations	(298,911		)	200,893
Equity in Income of Affiliated Companies	44,067			45,546
Operating (Loss)/Income	(254,844		)	246,439
Other (Expense)\Income	(968		)	66
(Loss)/Income before Interest Expense, Reorganization Items and Taxes	(255,812		)	246,505
Interest expense	36,430			42,970
(Loss)/Income before Reorganization Items and Income Taxes	(292,242		)	203,535
Reorganization Items, net	—			—
(Loss)/Income before Income Taxes	(292,242		)	203,535
Income Tax Provision	313			140
Net (Loss)/Income	$	(292,555	)	$	203,395