TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax (Expense)/Benefit

The benefit for income taxes on the income/(loss) from continuing operations before income taxes consists of the following: 

	Years Ended December 31,
	2017			2016			2015
Current	$	(1,420	)	$	(2,296	)	$	31,468
Deferred	59,047			67,394			69,564
Total	$	57,627		$	65,098		$	101,032

Schedule of Deferred Tax Assets and Liabilities

The significant components of the Company’s deferred tax liabilities and assets follow: 

	December 31,
	2017		2016
Deferred tax liabilities:
Vessels and other property	$	133,347	$	227,846
Prepaid expenditures	7,236		13,553
Other—net	6		885
Total deferred tax liabilities	140,589		242,284
Deferred tax assets:
Loss carryforwards	53,006		88,370
Employee compensation and benefit plans	5,507		12,232
Financing and professional fees	268		977
Accrued expenses and other	5,762		5,873
Total deferred tax assets	64,543		107,452
Valuation allowance	7,625		6,625
Net deferred tax assets	56,918		100,827
Net deferred tax liabilities	$	83,671	$	141,457

Schedule of Effective Income Tax Rate Reconciliation

The reconciliations between the U.S. Federal statutory income tax rate and the effective tax rate follows:

	Years Ended December 31,
	2017		2016		2015
U.S. federal statutory income tax rate	35.0	%	35.0	%	35.0	%
Adjustments due to:
State taxes, net of federal benefit	76.5	%	(1.5	)%	(1.3	)%
Interest on unrecognized tax benefits	(5.9	)%	1.8	%	(0.5	)%
Nondeductible reorganization costs	—	%	(9.0	)%	(30.8	)%
Unremitted earnings of foreign subsidiaries	—	%	73.5	%	(237.5	)%
Change in valuation allowance	(11.5	)%	—	%	—	%
Deferred compensation	(10.7	)%	(1.7	)%	—	%
Payments as guarantor	—	%	—	%	726.0	%
Remeasurement of deferred tax liabilities	3,292.9	%	—	%	—	%
U.S. income subject to tonnage tax	123.7	%	1.4	%	3.0	%
Other	(7.1	)%	(1.1	)%	(0.2	)%
Effective tax rate	3,492.9	%	98.4	%	493.7	%

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (excluding interest and penalties): 

	Years Ended December 31,
	2017		2016		2015
Balance of unrecognized tax benefits as of January 1,	$	36,671	$	36,535	$	215,328
Increases for positions taken in prior years	569		136		358
Decreases for positions taken in prior years					(179,151		)
Balance of unrecognized tax benefits as of December 31,	$	37,240	$	36,671	$	36,535