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Condensed Consolidated Statements of Operations (Unuadited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Revenue $ 339,230 $ 214,961 $ 660,394 $ 408,065
Costs and expenses:        
Vessel operating costs 176,513 118,264 344,069 233,723
Costs of other operating revenues 816 373 1,966 1,524
General and administrative 26,329 26,013 51,658 49,558
Depreciation and amortization 59,445 32,768 115,715 63,434
Gain on asset dispositions, net (2,000) (1,404) (13,039) (3,620)
Total costs and expenses 261,103 176,014 500,369 344,619
Operating income 78,127 38,947 160,025 63,446
Other income (expense):        
Foreign exchange loss (2,376) (3,819) (6,461) (1,471)
Equity in net earnings of unconsolidated companies 5 25 0 25
Interest income and other, net 1,175 2,790 2,658 2,920
Interest and other debt costs, net (19,127) (4,731) (38,603) (8,921)
Total other expense (20,323) (5,735) (42,406) (7,447)
Income before income taxes 57,804 33,212 117,619 55,999
Income tax expense 7,887 11,284 20,957 23,255
Net income 49,917 21,928 96,662 32,744
Net loss attributable to noncontrolling interests (437) (656) (718) (578)
Net income attributable to Tidewater Inc. $ 50,354 $ 22,584 $ 97,380 $ 33,322
Basic income per common share (in dollars per share) $ 0.96 $ 0.44 $ 1.85 $ 0.66
Diluted income per common share (in dollars per share) $ 0.94 $ 0.43 $ 1.83 $ 0.64
Weighted average common shares outstanding (in shares) 52,684 50,857 52,502 50,731
Dilutive effect of warrants, restricted stock units and stock options (in shares) 663 1,148 640 1,260
Adjusted weighted average common shares (in shares) 53,347 52,005 53,142 51,991
Vessel [Member]        
Revenues:        
Revenue $ 337,003 $ 210,323 $ 655,689 $ 401,503
Product and Service, Other [Member]        
Revenues:        
Revenue $ 2,227 $ 4,638 $ 4,705 $ 6,562