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INVESTMENT IN UNCONSOLIDATED COMPANIES (Tables)
12 Months Ended
Dec. 31, 2018
Equity Method Investments And Joint Ventures [Abstract]  
Schedule of Investments in at Equity and Advances to Unconsolidated Companies

Investments in, at equity, and advances to unconsolidated joint venture companies were as follows:

 

 

 

 

 

 

 

Successor

 

 

 

Percentage

 

 

December 31,

 

 

December 31,

 

(In thousands)

 

Ownership

 

 

2018

 

 

2017

 

Sonatide Marine, Ltd. (Angola)

 

49%

 

 

$

 

 

 

26,935

 

DTDW Holdings, Ltd. (Nigeria)

 

40%

 

 

 

1,033

 

 

 

2,281

 

GulfMark Marine, Ltd. (Trinidad)

 

49%

 

 

 

6

 

 

 

 

Investments in, at equity, and advances to

   unconsolidated companies

 

 

 

 

 

$

1,039

 

 

 

29,216

 

Schedule of Balances with Unconsolidated Affiliates

We maintained the following balances with their unconsolidated affiliates as of December 31, 2018 and December 31, 2017:

 

 

 

Successor

 

 

 

December 31,

 

 

December 31,

 

(in thousands)

 

2018

 

 

2017

 

Due from related parties:

 

 

 

 

 

 

 

 

Sonatide (Angola)

 

$

109,176

 

 

 

230,315

 

DTDW (Nigeria)

 

 

23,775

 

 

 

33,353

 

 

 

 

 

 

 

 

 

 

Due to related parties:

 

 

 

 

 

 

 

 

Sonatide (Angola)

 

$

29,347

 

 

 

99,448

 

DTDW (Nigeria)

 

 

5,625

 

 

 

9,645

 

 

 

 

 

 

 

 

 

 

Due from related parties, net of due to related parties

 

$

97,979

 

 

 

154,575

 

Schedule of Amounts Due from Affiliate

Amounts due from Sonatide

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

Period from

 

 

 

Period from

 

 

 

Twelve Months

 

 

August 1, 2017

 

 

 

April 1, 2017

 

 

 

Ended

 

 

through

 

 

 

through

 

(In thousands)

 

December 31, 2018

 

 

December 31, 2017

 

 

 

July 31, 2017

 

Due from Sonatide at beginning of year

 

$

230,315

 

 

 

252,393

 

 

 

 

262,652

 

Revenue earned by the company through Sonatide

 

 

56,916

 

 

 

40,303

 

 

 

 

34,397

 

Less amounts received from Sonatide

 

 

(76,878

)

 

 

(28,264

)

 

 

 

(21,019

)

Less amounts used to offset Due to Sonatide obligations (A)

 

 

(78,993

)

 

 

(33,607

)

 

 

 

(21,453

)

Less impairment of due from affiliate

 

 

(20,083

)

 

 

 

 

 

 

 

Other

 

 

(2,101

)

 

 

(510

)

 

 

 

(2,184

)

 

 

$

109,176

 

 

 

230,315

 

 

 

 

252,393

 

 

 

(A)

We reduced the respective due from affiliates and due to affiliates balances each period through netting transactions based on agreement with the joint venture.

 

Schedule of Amounts Due to Affiliate

Amounts due to Sonatide

 

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

Period from

 

 

 

Period from

 

 

 

Twelve Months

 

 

August 1, 2017

 

 

 

April 1, 2017

 

 

 

December 31,

 

 

through

 

 

 

through

 

(In thousands)

 

2018

 

 

December 31, 2017

 

 

 

July 31, 2017

 

Due to Sonatide at beginning of year

 

$

99,448

 

 

 

123,899

 

 

 

 

132,857

 

Plus commissions payable to Sonatide

 

 

5,502

 

 

 

3,928

 

 

 

 

3,330

 

Plus amounts paid by Sonatide on behalf of the company

 

 

14,778

 

 

 

12,044

 

 

 

 

9,458

 

Less commissions paid to Sonatide

 

 

(13,906

)

 

 

(5,023

)

 

 

 

 

Less amounts used to offset Due from Sonatide obligations (A)

 

 

(78,993

)

 

 

(33,607

)

 

 

 

(21,453

)

Other

 

 

2,518

 

 

 

(1,793

)

 

 

 

(293

)

 

 

$

29,347

 

 

$

99,448

 

 

 

 

123,899

 

 

 

(A)

We reduced the respective due from affiliates and due to affiliates balances each period through netting transactions based on agreement with the joint venture.