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BUSINESS COMBINATION (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations [Abstract] |
Summary of Amounts for Assets Acquired and Liabilities as of Merger Date | The amounts for assets acquired and liabilities as of the Merger Date were as follows:
|  | Estimated Fair |
(In thousands) |  | Value |
Assets: |  |  |  |
Current assets |  | $ | 77,942 |
Property and equipment |  |  | 360,701 |
Other assets |  |  | 779 |
Liabilities: |  |  |  |
Current liabilities |  |  | 33,881 |
Long term debt |  |  | 100,000 |
Other liabilities |  |  | 20,049 |
Net assets acquired |  | $ | 285,492 |
Summary of Pro Forma Impact of Merger | The following unaudited supplemental pro forma results present consolidated information as if the business combination was completed on August 1, 2017. The pro forma results include, among others, (i) a reduction in depreciation expense for adjustments to property and equipment and (ii) a reduction in interest expense resulting from the extinguishment of the GulfMark Term Loan Facility. The pro forma results do not include any potential synergies or non-recurring charges that may result directly from the business combination.
|  |  |  |  |  | Period from |
|  | Year |  |  | August 1, 2017 |
(Unaudited) |  | Ended |  |  | through |
(in millions, except per share amounts) |  | December 31, 2018 |  |  | December 31, 2017 |
Revenues |  | $ | 500,118 |  |  |  | 223,254 |
Net loss |  |  | (196,057 | ) |  |  | (13,088 | )
Basic loss per common share |  |  | (5.66 | ) |  |  | (0.44 | )
Diluted loss per common share |  |  | (5.66 | ) |  |  | (0.44 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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