Quarterly Financial Information

12 Months Ended

Dec. 31, 2013

Quarterly Financial Data [Abstract]

Quarterly Financial Information

18. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Selected financial information for interim quarterly periods is presented below (in thousands, except share data). Earnings per common share of SEACOR Holdings Inc. are computed independently for each of the quarters presented and the sum of the quarterly earnings per share may not necessarily equal the total for the year.

	Three Months Ended
	Dec. 31,			Sept. 30,		June 30,			March 31,			March 31,
2013									(As Restated)(1)			(As Reported)(1)
Operating Revenues	$	327,861		$	336,784	$	315,563		$	267,064		$	267,064
Operating Income	30,307			51,508		19,254			(1,027		)	(1,027		)
Income (Loss) from Continuing Operations	9,120			30,769		19,296			(11,036		)	(11,036		)
Loss from Discontinued Operations, Net of Tax	—			—		—			(10,325		)	(211		)
Net Income (Loss)	9,120			30,769		19,296			(21,361		)	(10,874		)
Net Income (Loss) attributable to SEACOR Holdings Inc.:
Continuing Operations	$	8,396		$	30,291	$	19,271		$	(10,763	)	$	(10,763	)
Discontinued Operations	—			—		—			(10,225		)	(111		)
	$	8,396		$	30,291	$	19,271		$	(20,988	)	$	(10,874	)
Basic Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:
Continuing Operations	$	0.42		$	1.52	$	0.97		$	(0.55	)	$	(0.55	)
Discontinued Operations	—			—		—			(0.51		)	—
	$	0.42		$	1.52	$	0.97		$	(1.06	)	$	(0.55	)
Diluted Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:
Continuing Operations	$	0.41		$	1.36	$	0.91		$	(0.55	)	$	(0.55	)
Discontinued Operations	—			—		—			(0.51		)	—
	$	0.41		$	1.36	$	0.91		$	(1.06	)	$	(0.55	)
	Three Months Ended
	Dec. 31,			Sept. 30,		June 30,			March 31,
2012
Operating Revenues	$	362,368		$	338,855	$	309,225		$	297,849
Operating Income (Loss)	9,332			20,058		(1,499		)	28,514
Income (Loss) from Continuing Operations	(12,295		)	9,239		6,495			21,188
Income from Discontinued Operations, Net of Tax	9,578			6,265		4,804			15,185
Net Income (Loss)	(2,717		)	15,504		11,299			36,373
Net Income (Loss) attributable to SEACOR Holdings Inc.:
Continuing Operations	$	(12,242	)	$	9,837	$	6,445		$	21,303
Discontinued Operations	9,618			6,265		4,804			15,185
	$	(2,624	)	$	16,102	$	11,249		$	36,488
Basic Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:
Continuing Operations	$	(0.61	)	$	0.48	$	0.31		$	1.04
Discontinued Operations	0.48			0.31		0.24			0.74
	$	(0.13	)	$	0.79	$	0.55		$	1.78
Diluted Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:
Continuing Operations	$	(0.61	)	$	0.47	$	0.31		$	1.02
Discontinued Operations	0.48			0.31		0.23			0.73
	$	(0.13	)	$	0.78	$	0.54		$	1.75

 ______________________

(1) During the fourth quarter of 2013, the Company made a determination to provide for income taxes of $10.1 million relating to the spin-off of Era Group effective as of January 31, 2013, the date of the spin-off. As a result, the Company has restated its results from discontinued operations for the quarter ended March 31, 2013 in the table included herein. For the quarter ended March 31, 2013, the Company now reports a net loss of $21.0 million, or $1.06 per diluted share, compared with a previously reported net loss of $10.9 million, or $0.55 per diluted share, and now reports a net loss from discontinued operations of $10.2 million, or $0.51 per diluted share, compared with a previously reported net loss from discontinued operations of $0.1 million. Net loss from continuing operations of $10.8 million, or $0.55 per diluted share, remains as previously reported.