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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2018

Dec. 31, 2017

Accounting Policies [Abstract]

Summaries of Net Properties and Equipment

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

		Successor
(In thousands)		June 30, 2018				December 31, 2017
Properties and equipment:
Vessels and related equipment		$	836,773				850,268
Other properties and equipment			5,481				5,710
			842,254				855,978
Less accumulated depreciation and amortization			38,529				18,458
Net properties and equipment		$	803,725				837,520

The following are summaries of net properties and equipment:

		Successor				Predecessor
(In thousands)		December 31, 2017				March 31, 2017
Properties and equipment:
Vessels and related equipment		$	850,268			$	3,407,760
Other properties and equipment			5,710				69,670
			855,978				3,477,430
Less accumulated depreciation and amortization			18,458				612,668
Net properties and equipment		$	837,520			$	2,864,762

		Successor								Predecessor
		December 31, 2017								March 31, 2017
		Number Of Vessels (B)				Carrying Value				Number Of Vessels (B)				Carrying Value
						(In thousands)								(In thousands)
Owned vessels in active service			138			$	632,978				143			$	1,990,049
Stacked vessels			89				189,710				101				793,606
Marine equipment and other assets under construction							9,501								53,611
Other property and equipment (A)							5,331								27,496
Totals			227			$	837,520				244			$	2,864,762

(A) Other property and equipment at March 31, 2017 includes eight remotely operated vehicles, all of which were sold in December 2017.

(B) Vessel count excludes vessels operated under sale leaseback agreements.

Current and Long-Term Liabilities Related to Accrued Property and Liability Losses

The following table discloses the total amount of current and long-term liabilities related to accrued property and liability losses not subject to reinsurance recoverability, but considered payable:

		Successor				Predecessor
(In thousands)		December 31, 2017				March 31, 2017
Accrued property and liability losses		$	5,056				13,792

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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