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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Summaries of Net Properties and Equipment

The following are summaries of net properties and equipment:

 

 

 

Successor

 

 

 

December 31,

 

 

December 31,

 

(In thousands)

 

2018

 

 

2017

 

Properties and equipment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vessels and related equipment

 

 

 

 

 

$

1,144,028

 

 

 

 

 

 

$

863,683

 

Other properties and equipment

 

 

 

 

 

 

7,455

 

 

 

 

 

 

 

5,710

 

 

 

 

 

 

 

 

1,151,483

 

 

 

 

 

 

 

869,393

 

Less accumulated depreciation and amortization

 

 

 

 

 

 

61,626

 

 

 

 

 

 

 

18,458

 

Net properties and equipment

 

 

 

 

 

$

1,089,857

 

 

 

 

 

 

$

850,935

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Successor

 

 

 

December 31,

 

 

December 31,

 

 

 

2018

 

 

2017

 

 

 

Number Of

Vessels

 

 

Carrying

Value

 

 

Number Of

Vessels

 

 

Carrying

Value

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

 

(In thousands)

 

Owned vessels in active service

 

 

165

 

 

$

914,044

 

 

 

138

 

 

$

646,393

 

Stacked vessels

 

 

92

 

 

 

169,037

 

 

 

89

 

 

 

189,710

 

Marine equipment and other assets under construction

 

 

 

 

 

 

795

 

 

 

 

 

 

 

9,501

 

Other property and equipment

 

 

 

 

 

 

5,981

 

 

 

 

 

 

 

5,331

 

Totals

 

 

257

 

 

$

1,089,857

 

 

 

227

 

 

$

850,935

 

   

Current and Long-Term Liabilities Related to Accrued Property and Liability Losses

The following table discloses the total amount of current and long-term liabilities related to accrued property and liability losses not subject to reinsurance recoverability, but considered payable:

 

 

 

Successor

 

 

 

December 31,

 

 

December 31,

 

(In thousands)

 

2018

 

 

2017

 

Accrued property and liability losses

 

$

6,849

 

 

 

5,056