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DEBT (Tables) | 9 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Summary of Debt Outstanding | The following is a summary of all debt outstanding:
|  | September 30, |  |  | December 31, |
(In thousands) |  | 2019 |  |  | 2018 |
Secured notes: |  |  |  |  |  |  |  |
8.00% Senior secured notes due August 2022 (Secured Notes) (A) (B) |  | $ | 349,793 |  |  |  | 349,954 |
Troms Offshore borrowings (C): |  |  |  |  |  |  |  |
NOK denominated notes due May 2024 |  |  | 10,751 |  |  |  | 12,241 |
NOK denominated notes due January 2026 |  |  | 19,934 |  |  |  | 22,988 |
USD denominated notes due January 2027 |  |  | 20,273 |  |  |  | 22,116 |
USD denominated notes due April 2027 |  |  | 22,851 |  |  |  | 24,157 |
|  | $ | 423,602 |  |  |  | 431,456 |
Debt premiums and discounts, net |  |  | 5,992 |  |  |  | 7,548 |
Less: Current portion of long-term debt |  |  | (9,689 | ) |  |  | (8,568 | )
Total long-term debt |  | $ | 419,905 |  |  |  | 430,436 |
| (A) | As of September 30, 2019 and December 31, 2018 the fair value (Level 2) of the Secured Notes was $357.9 million and $359.4 million, respectively.
| (B) | In January 2019 and July 2019, we repurchased $160,000 and $747, respectively, of the Secured Notes in accordance with a tender offer obligation under our Indenture. The $3.3 million restricted cash on the balance sheet at September 30, 2019, represents proceeds from asset sales since the date of the July 2019 tender offer and is restricted as of that date by the terms of the Indenture.
| (C) | We pay principal and interest on these notes semi-annually. As of September 30, 2019 and December 31, 2018, the aggregate fair value (Level 2) of the Troms Offshore borrowings was $73.7 million and $81.5 million, respectively. The weighted average interest rate of the Troms Offshore borrowings as of September 30, 2019 was 5.0%.

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References 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 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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