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

The below tables summarize the number of vessels impaired and the amount of the impairment incurred.

 

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

Period from

 

 

 

Period from

 

 

 

Three Months

 

 

August 1, 2017

 

 

 

July 1, 2017

 

 

 

Ended

 

 

through

 

 

 

through

 

(In thousands, except number of vessels impaired)

 

September 30, 2018

 

 

September 30, 2017

 

 

 

July 31, 2017

 

Number of vessels impaired in the period (A)

 

 

15

 

 

 

 

 

 

 

8

 

Amount of impairment incurred

 

$

16,853

 

 

 

 

 

 

 

21,325

 

 

 

(A)

For the three month period ended September 30, 2018, (Successor) there were 15 stacked vessels impaired. For the period July 1 through July 31, 2017 there were seven stacked vessels and one active vessel impaired.  

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

Period from

 

 

 

Period from

 

 

 

Nine Months

 

 

August 1, 2017

 

 

 

January 1, 2017

 

 

 

Ended

 

 

through

 

 

 

through

 

(In thousands, except number of vessels impaired)

 

September 30, 2018

 

 

September 30, 2017

 

 

 

July 31, 2017

 

Number of vessels impaired in the period (A)

 

 

30

 

 

 

 

 

 

 

97

 

Amount of impairment incurred

 

$

24,254

 

 

 

 

 

 

 

249,606

 

 

 

(A)

For the nine month period ended September 30, 2018, (Successor) there were 30 stacked vessels impaired. For the period January 1 through July 31, 2017 there were 90 stacked vessels and seven active vessels impaired.