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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Losses Before Income Taxes Derived from United States and Non-U.S. Operations | Losses before income taxes derived from United States and non-U.S. operations are as follows:
|  | Successor |  |  |  | Predecessor |
|  |  |  |  |  | Period from |  |  |  | Period from |  |  |  |  |
|  | Twelve Months |  |  | August 1, 2017 |  |  |  | April 1, 2017 |  |  | Twelve Months |
|  | Ended |  |  | through |  |  |  | through |  |  | Ended |
(In thousands) |  | December 31, 2018 |  |  | December 31, 2017 |  |  |  | July 31, 2017 |  |  | March 31, 2017 |
Non-U.S. | $ |  | (99,607 | ) |  |  | (5,137 | ) |  |  |  | (1,603,788 | ) |  |  | (498,931 | )
United States |  |  | (53,912 | ) |  |  | (31,550 | ) |  |  |  | (44,355 | ) |  |  | (144,683 | )
| $ |  | (153,519 | ) |  |  | (36,687 | ) |  |  |  | (1,648,143 | ) |  |  | (643,614 | )
Income Tax Expense (Benefit) | Income tax expense (benefit) consists of the following:
|  | U.S. |  |  |  |  |  |  |  |  |
(In thousands) |  | Federal |  |  | State |  |  | International |  |  | Total |
Year Ended March 31, 2017 (Predecessor) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | (842 | ) |  |  | 17 |  |  |  | 9,422 |  |  |  | 8,597 |
Deferred |  |  | (2,200 | ) |  |  | — |  |  |  | — |  |  |  | (2,200 | )
|  | $ | (3,042 | ) |  |  | 17 |  |  |  | 9,422 |  |  |  | 6,397 |
Period from April 1, 2017 through July 31, 2017 (Predecessor) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | (822 | ) |  |  | 3 |  |  |  | 5,128 |  |  |  | 4,309 |
Deferred |  |  | (5,543 | ) |  |  | — |  |  |  | — |  |  |  | (5,543 | )
|  | $ | (6,365 | ) |  |  | 3 |  |  |  | 5,128 |  |  |  | (1,234 | )
Period from August 1, 2017 through December 31, 2017 (Successor) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 11 |  |  |  | — |  |  |  | 2,028 |  |  |  | 2,039 |
Deferred |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 11 |  |  |  | — |  |  |  | 2,028 |  |  |  | 2,039 |
Year Ended December 31, 2018 (Successor) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 962 |  |  |  | — |  |  |  | 16,718 |  |  |  | 17,680 |
Deferred |  |  | 531 |  |  |  | 250 |  |  |  | (209 | ) |  |  | 572 |
|  | $ | 1,493 |  |  |  | 250 |  |  |  | 16,509 |  |  |  | 18,252 |
Tax Rate Applicable to Pre-Tax Earnings | The actual income tax expense above differs from the amounts computed by applying the U.S. federal statutory tax rate of 21% for periods beginning January 1, 2018 and 35% for periods ending prior to January 1, 2018 to pre-tax earnings as a result of the following:
|  | Successor |  |  |  | Predecessor |
|  |  |  |  |  | Period from |  |  |  | Period from |
|  | Twelve Months |  |  | August 1, 2017 |  |  |  | April 1, 2017 |
|  | Ended |  |  | through |  |  |  | through |
(In thousands) |  | December 31, 2018 |  |  | December 31, 2017 |  |  |  | July 31, 2017 |
Computed “expected” tax benefit |  | $ | (32,239 | ) |  |  | (12,840 | ) |  |  |  | (576,850 | )
Increase (reduction) resulting from: |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign income taxed at different rates |  |  | 20,917 |  |  |  | 1,767 |  |  |  |  | 448,805 |
Uncertain tax positions |  |  | 2,264 |  |  |  | (3,219 | ) |  |  |  | 4,674 |
Chapter 11 reorganization |  |  | — |  |  |  | — |  |  |  |  | 50,428 |
Nondeductible transaction costs |  |  | 1,091 |  |  |  | — |  |  |  |  | 2,628 |
Transition tax |  |  | — |  |  |  | 15,120 |  |  |  |  | — |
Valuation allowance – deferred tax assets |  |  | 38,778 |  |  |  | (28,387 | ) |  |  |  | 69,278 |
Amortization of deferrals associated with intercompany sales to foreign tax jurisdictions |  |  | — |  |  |  | 11 |  |  |  |  | (822 | )
Foreign taxes |  |  | 13,012 |  |  |  | 845 |  |  |  |  | (1,342 | )
State taxes |  |  | 246 |  |  |  | — |  |  |  |  | 3 |
Return to accrual |  |  | (28,176 | ) |  |  | 835 |  |  |  |  | 668 |
162(m) - Executive compensation |  |  | 2,818 |  |  |  | — |  |  |  |  | — |
Other, net |  |  | (459 | ) |  |  | 646 |  |  |  |  | 1,296 |
Remeasurement of deferred taxes |  |  | — |  |  |  | 27,261 |  |  |  |  | — |
|  | $ | 18,252 |  |  |  | 2,039 |  |  |  |  | (1,234 | )
Schedule of Significant Portions of Deferred Tax Assets and Deferred Tax Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows:
|  | Successor |
|  | December 31, |  |  |  | December 31, |
(In thousands) |  | 2018 |  |  |  | 2017 |
Deferred tax assets: |  |  |  |  |  |  |  |  |
Accrued employee benefit plan costs |  | $ | 7,607 |  |  |  |  | 5,838 |
Stock based compensation |  |  | 786 |  |  |  |  | 230 |
Net operating loss and tax credit carryforwards |  |  | 102,190 |  |  |  |  | 3,941 |
Restructuring fees not currently deductible for tax purposes |  |  | 3,113 |  |  |  |  | 3,982 |
Depreciation and amortization |  |  | — |  |  |  |  | 29,160 |
Other |  |  | 8,826 |  |  |  |  | 3,070 |
Gross deferred tax assets |  |  | 122,522 |  |  |  |  | 46,221 |
Less valuation allowance |  |  | (106,447 | ) |  |  |  | (43,218 | )
Net deferred tax assets |  |  | 16,075 |  |  |  |  | 3,003 |
Deferred tax liabilities: |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | (11,149 | ) |  |  |  | — |
Section 1245 recapture |  |  | (2,891 | ) |  |  |  | (2,131 | )
Other |  |  | (3,553 | ) |  |  |  | (872 | )
Gross deferred tax liabilities |  |  | (17,593 | ) |  |  |  | (3,003 | )
Net deferred tax assets (liabilities) |  | $ | (1,518 | ) |  |  |  | — |
Schedule of Uncertain Tax Positions and Income Tax Payable | Our balance sheet reflects the following in accordance with ASC 740, Income Taxes:
|  | Successor |
|  | December 31, |  |  |  | December 31, |
(In thousands) |  | 2018 |  |  |  | 2017 |
Tax liabilities for uncertain tax positions |  | $ | 43,790 |  |  |  |  | 31,694 |
Income tax payable |  |  | 9,387 |  |  |  |  | 12,492 |
Income tax (receivable) |  |  | (9,245 | ) |  |  |  | (8,442 | )
Schedule of Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of all unrecognized tax benefits, including the unrecognized tax benefit related to state tax issues and the liability for uncertain tax positions (but excluding related penalties and interest) are as follows:
(In thousands) |  |  |  |
Balance at April 1, 2016 (Predecessor) |  | $ | 401,375 |
Additions based on tax positions related to the current year |  |  | 551 |
Settlement and lapse of statute of limitations |  |  | (1,108 | )
Balance at March 31, 2017 (Predecessor) |  | $ | 400,818 |
Additions based on tax positions related to the current year |  |  | 2,050 |
Settlement and lapse of statute of limitations |  |  | — |
Balance at July 31, 2017 (Predecessor) |  | $ | 402,868 |
(In thousands) |  |  |  |
Balance at August 1, 2017 (Successor) |  | $ | 402,868 |
Additions based on tax positions related to the current year |  |  | 170 |
Additions based on tax positions related to a prior year |  |  | 2,578 |
Settlement and lapse of statute of limitations |  |  | (1,045 | )
Reductions based on tax positions related to a prior year |  |  | — |
Balance at December 31, 2017 (Successor) |  | $ | 404,571 |
Additions from GulfMark business combination |  |  | 8,857 |
Additions based on tax positions related to the current year |  |  | — |
Additions based on tax positions related to a prior year |  |  | 6,903 |
Settlement and lapse of statute of limitations |  |  | (2,953 | )
Reductions based on tax positions related to a prior year |  |  | (18,086 | )
Balance at December 31, 2018 (Successor) (A) |  | $ | 399,292 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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