BUSINESS COMBINATION (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Summary of Amounts for Assets Acquired and Liabilities as of Merger Date

The amounts for assets acquired and liabilities as of the Merger Date were as follows:

	Estimated Fair
(In thousands)	Value
Assets:
Current assets	$	77,942
Property and equipment		360,701
Other assets		779
Liabilities:
Current liabilities		33,881
Long term debt		100,000
Other liabilities		20,049
Net assets acquired	$	285,492

Summary of Pro Forma Impact of Merger

The following unaudited supplemental pro forma results present consolidated information as if the business combination was completed on August 1, 2017. The pro forma results include, among others, (i) a reduction in depreciation expense for adjustments to property and equipment and (ii) a reduction in interest expense resulting from the extinguishment of the GulfMark Term Loan Facility.   The pro forma results do not include any potential synergies or non-recurring charges that may result directly from the business combination.

				Period from
	Year			August 1, 2017
(Unaudited)	Ended			through
(in millions, except per share amounts)	December 31, 2018			December 31, 2017
Revenues	$	500,118			223,254
Net loss		(196,057	)		(13,088	)
Basic loss per common share		(5.66	)		(0.44	)
Diluted loss per common share		(5.66	)		(0.44	)