OTHER CURRENT ASSETS, PROPERTIES AND EQUIPMENT, OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES AND DEFERRED CREDITS (Tables)

9 Months Ended

Sep. 30, 2018

Other Current Assets Properties And Equipment Other Assets Accrued Expenses Other Current Liabilities And Other Non Current Liabilities And Deferred Credits [Abstract]

Schedule of Other Current Assets

A summary of other current assets at September 30, 2018 and December 31, 2017 is as follows:

	Successor
	September 30,		December 31,
(In thousands)	2018		2017
Deposits	$	1,403		1,780
Investments held in rabbi trust (A)		38		8,908
Prepaid expenses		8,439		8,442
	$	9,880		19,130

(A)

The company converted substantially all investments held in the rabbi trust to cash to fund a lump sum benefit to the former CEO in May 2018. Refer to Note (6) for more information regarding this payment.

Summary of Net Properties and Equipment

A summary of net properties and equipment at September 30, 2018 and December 31, 2017 is as follows:

	Successor
	September 30,		December 31,
(In thousands)	2018		2017
Properties and equipment:
Vessels and related equipment	$	817,798		850,268
Other properties and equipment		5,450		5,710
		823,248		855,978
Less accumulated depreciation and amortization		46,608		18,458
Net properties and equipment	$	776,640		837,520

Schedule Of Other Assets

A summary of other assets at September 30, 2018 and December 31, 2017 is as follows:

	Successor
	September 30,		December 31,
(In thousands)	2018		2017
Recoverable insurance losses	$	4,056		2,405
Investments held for supplemental savings plan accounts		5,448		6,583
Long-term deposits		14,176		16,217
Other		5,020		5,847
	$	28,700		31,052

Schedule of Accrued Expenses

A summary of accrued expenses at September 30, 2018 and December 31, 2017 is as follows:

	Successor
	September 30,		December 31,
(In thousands)	2018		2017
Payroll and related payables (B)	$	9,539		17,344
Commissions payable (C)		1,932		1,898
Accrued vessel expenses		24,628		27,222
Accrued interest expense		5,935		6,036
Other accrued expenses		4,026		2,306
	$	46,060		54,806

(A)

The balance at December 31, 2017 includes $8.9 million payable to the former CEO, which was paid in May 2018.

(B)

Excludes $26.2 million and $36.4 million of commissions due to Sonatide at September 30, 2018 and December 31, 2017,

respectively. These amounts are included in amounts due to affiliates.

Schedule of Other Current Liabilities

A summary of other current liabilities at September 30, 2018 and December 31, 2017 is as follows:

	Successor
	September 30,		December 31,
(In thousands)	2018		2017
Taxes payable	$	16,308		10,326
Amounts payable to holders of General Unsecured Claims		—		8,474
Other		2,586		893
	$	18,894		19,693

Schedule of Other Liabilities and Deferred Credits

A summary of other liabilities at September 30, 2018 and December 31, 2017 is as follows:

	Successor
	September 30,		December 31,
(In thousands)	2018		2017
Postretirement benefits liability	$	2,350		2,642
Pension liabilities		36,367		36,614
Deferred supplemental savings plan liability		5,450		6,592
Other		9,614		12,728
	$	53,781		58,576