SEGMENT INFORMATION, GEOGRAPHICAL DATA AND MAJOR CUSTOMERS

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

SEGMENT INFORMATION, GEOGRAPHICAL DATA AND MAJOR CUSTOMERS

(16)SEGMENT INFORMATION, GEOGRAPHICAL DATA AND MAJOR CUSTOMERS

Operating business segments are defined as a component of an enterprise for which separate financial information is available and is evaluated by the chief operating decision maker in deciding how to allocate resources and in assessing performance.

During calendar year 2018 our Africa/Europe segment was split as a result of management realignment such that our operations in Europe and Mediterranean regions and our West Africa regions are now separately reported segments. As such, we now disclose these new segments as Europe/Mediterranean and West Africa, respectively. Our Americas and Middle East/Asia Pacific segments are not affected by this change. This new segment alignment is consistent with how our chief operating decision maker reviews operating results for the purposes of allocating resources and assessing performance. Prior year amounts have also been recast to conform to the new segment alignment.

The following table provides a comparison of revenues, vessel operating profit, depreciation and amortization, and additions to properties and equipment. Vessel revenues and operating costs relate to our owned and operated vessels while other operating revenues relate to the activities of our brokered vessels and other miscellaneous marine-related businesses.

	Successor									Predecessor
							Period from			Period from
	Year			Year			August 1, 2017			April 1, 2017
	Ended			Ended			through			through
(In thousands)	December 31, 2019			December 31, 2018			December 31, 2017			July 31, 2017
Revenues:
Vessel revenues:
Americas	$	136,958			118,534			45,784			40,848
Middle East/Asia Pacific		90,321			80,195			39,845			36,313
Europe/Mediterranean		123,711			56,263			19,895			15,466
West Africa		126,025			142,214			66,360			53,970
		477,015			397,206			171,884			146,597
Other operating revenues		9,534			9,314			6,869			4,772
	$	486,549			406,520			178,753			151,369
Vessel operating profit (loss):
Americas	$	(805	)		8,860			(1,599	)		(22,549	)
Middle East/Asia Pacific		(6,044	)		(4,417	)		451			(1,434	)
Europe/Mediterranean		(1,289	)		(9,359	)		(1,497	)		(12,680	)
West Africa		8,298			7,240			2,308			(8,828	)
		160			2,324			(337	)		(45,491	)
Other operating profit (loss)		6,734			3,742			1,614			876
		6,894			6,066			1,277			(44,615	)
Corporate expenses		(57,988	)		(42,972	)		(14,989	)		(18,246	)
Gain on asset dispositions, net		2,263			10,624			6,616			3,561
Impairment of due from affiliate		—			(20,083	)		—			—
Asset impairments and other		(37,773	)		(61,132	)		(16,777	)		(184,748	)
Operating loss		(86,604	)		(107,497	)		(23,873	)		(244,048	)
Depreciation and amortization:
Americas	$	27,493			16,047			5,767			13,945
Middle East/Asia Pacific		21,440			11,871			4,716			9,967
Europe/Mediterranean		30,053			11,385			2,794			9,060
West Africa		21,166			16,612			6,067			12,632
Other		—			21			827			1,139
Corporate		1,779			2,357			166			704
	$	101,931			58,293			20,337			47,447
Additions to properties and equipment:
Americas	$	969			3,771			144			27
Middle East/Asia Pacific		5,237			2,982			2,596			1,042
Europe/Mediterranean		4,001			185			—			—
West Africa		2,721			10,135			195			375
Corporate		5,070			4,318			6,899			821
	$	17,998			21,391			9,834			2,265
Total assets:
Americas	$	375,297			380,168			164,958			714,891
Middle East/Asia Pacific		270,413			233,611			48,268			424,896
Europe/Mediterranean		358,943			316,524			171,156			597,819
West Africa		376,087			483,234			864,300			1,277,552
Other		—			7,440			2,443			20,392
Investments in and advances to unconsolidated companies		—			1,039			29,216			49,367
Corporate		198,788			405,723			479,254			799,752
	$	1,579,528			1,827,739			1,759,595			3,884,669

The following table discloses our customers that accounted for 10% or more of total revenues:

	Successor									Predecessor
							Period from			Period from
	Year			Year			August 1, 2017			April 1, 2017
	Ended			Ended			through			through
	December 31, 2019			December 31, 2018			December 31, 2017			July 31, 2017
Chevron Corporation		13.0	%		15.0	%		17.4	%		17.5	%
Saudi Aramco		7.6	%		8.3	%		10.1	%		11.7	%