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ASSET IMPAIRMENTS (Tables)
6 Months Ended
Jun. 30, 2018
Asset Impairment Charges [Abstract]  
Summary of Vessels Impaired and Amount of Impairment Incurred

The below table summarizes the number of vessels impaired and the amount of the impairment incurred during the quarters and six month periods ended June 30, 2018 and 2017.

 

 

 

Successor

 

 

 

Predecessor

 

 

Successor

 

 

 

Predecessor

 

 

 

Quarter Ended

 

 

 

Quarter Ended

 

 

Six Months Ended

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

June 30,

 

 

June 30,

 

 

 

June 30,

 

(In thousands, except number of vessels impaired)

 

2018

 

 

 

2017

 

 

2018

 

 

 

2017

 

Number of vessels impaired in the period (A)

 

 

2

 

 

 

 

77

 

 

 

15

 

 

 

 

89

 

Amount of impairment incurred

 

$

1,215

 

 

 

 

163,423

 

 

 

7,401

 

 

 

 

228,280

 

 

 

(A)

For the quarter and six months periods ended June 30, 2018, there were 2 and 15 stacked vessels impaired, respectively. For the quarter ended June 30, 2017, there were 72 stacked vessels and 5 active vessels impaired, respectively and for the six month period ended June 30, 2017 there were 83 stacked vessels and 6 active vessels impaired, respectively.