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Asset Disposal And Impairments And Assets Held For Sale
9 Months Ended
Sep. 30, 2011
Asset Disposal And Impairments And Assets Held For Sale [Abstract] 
Asset Disposal And Impairments And Assets Held For Sale
8.   Asset Disposal and Impairments and Assets Held for Sale
 
    Due to escalating costs for dry-docking services, escalating repair and maintenance costs for aging vessels, increasing difficulty in obtaining certain replacement parts, declining marketability of certain vessels, and our strategic shift to deepwater vessels, we decided to forego dry-docking or refurbishment of certain vessels and to sell or permanently retire them from service. Consequently, we recognized gains and losses on the disposition of certain vessels, and non-cash impairment charges on the retirement of other vessels. Each asset was analyzed using an undiscounted cash flow analysis and valued at the lower of carrying value or net realizable value.
 
    Net Gains and (Losses) on Asset Disposal consisted of the following:
  Three Months Ended     Nine Months Ended  
    September 30     September 30  
Segment   2011     2010     2011     2010  
    (In thousands)  
Construction and Installation
  $ —     $ 12,183     $ 12,852 (1)   $ 12,312  
Other Offshore Services
     28       11,636       (220 )     11,653  
Corporate
     —       —       (112 )     —  
 
                        
Total
   $ 28     $ 23,819     $ 12,520     $ 23,965  
 
                        
(1)   Proceeds from the sale of a derrick lay barge ("DLB") were received in 2010 and formal transfer of title occurred in 2011.
    Losses on Asset Impairments consisted of the following:
                                         
            Three Months Ended     Nine Months Ended  
            September 30     September 30  
Segment   Description of Asset     2011     2010     2011     2010  
            (In thousands)  
Construction and Installation
   One OSV and other equipment in 2011 & 2010   $ —     $ —     $ 5,467     $ 9,127  
Other Offshore Services
   Two DSVs and other equipment     —       548       —       2,355  
 
                                
Total
           $ —     $ 548     $ 5,467     $ 11,482  
 
                                
    Assets Held for Sale consisted of the following:
                                 
            September 30             December 31  
Segment   Description of Asset     2011     Description of Asset     2010  
            (In thousands)     (In thousands)  
Construction and Installation
   One OSV and other equipment   $ 1,510     One DLB, one OSV and other equipment   $ 14,469  
Corporate
   None     —     Airplane     2,250  
 
                            
Total
           $ 1,510             $ 16,719  
 
                            
    In accordance with accounting guidance, long-lived assets held for sale are carried at the lower of the asset's carrying value or net realizable value and depreciation ceases.