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Condensed Consolidated Statements of Operations (Unuadited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Revenue $ 214,961 $ 163,447 $ 408,065 $ 269,176
Costs and expenses:        
Vessel operating costs 118,264 100,257 233,723 168,768
Costs of other operating revenues 373 483 1,524 844
General and administrative 26,013 27,804 49,558 46,021
Depreciation and amortization 32,768 31,766 63,434 58,423
Long-lived asset impairment credit 0 0 0 (500)
(Gain) loss on asset dispositions, net (1,404) 1,297 (3,620) 1,090
Total costs and expenses 176,014 161,607 344,619 274,646
Operating income (loss) 38,947 1,840 63,446 (5,470)
Other income (expense):        
Foreign exchange loss (3,819) (1,881) (1,471) (935)
Equity in net earnings (losses) of unconsolidated companies 25 (244) 25 (244)
Interest income and other, net 2,790 349 2,920 3,835
Loss on warrants 0 (14,175) 0 (14,175)
Interest and other debt costs, net (4,731) (4,284) (8,921) (8,459)
Total other expense (5,735) (20,235) (7,447) (19,978)
Income (loss) before income taxes 33,212 (18,395) 55,999 (25,448)
Income tax expense 11,284 6,619 23,255 11,837
Net income (loss) 21,928 (25,014) 32,744 (37,285)
Net income (loss) attributable to noncontrolling interests (656) 567 (578) 464
Net income (loss) attributable to Tidewater Inc. $ 22,584 $ (25,581) $ 33,322 $ (37,749)
Basic income (loss) per common share (in dollars per share) $ 0.44 $ (0.61) $ 0.66 $ (0.91)
Diluted income (loss) per common share (in dollars per share) $ 0.43 $ (0.61) $ 0.64 $ (0.91)
Weighted average common shares outstanding (in shares) 50,857 41,814 50,731 41,614
Dilutive effect of warrants, restricted stock units and stock options (in shares) 1,148 0 1,260 0
Adjusted weighted average common shares (in shares) 52,005 41,814 51,991 41,614
Vessel [Member]        
Revenues:        
Revenue $ 210,323 $ 162,175 $ 401,503 $ 266,051
Product and Service, Other [Member]        
Revenues:        
Revenue $ 4,638 $ 1,272 $ 6,562 $ 3,125