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SEGMENT INFORMATION, GEOGRAPHICAL DATA AND MAJOR CUSTOMERS | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
SEGMENT INFORMATION, GEOGRAPHICAL DATA AND MAJOR CUSTOMERS | (16)SEGMENT INFORMATION, GEOGRAPHICAL DATA AND MAJOR CUSTOMERS Operating business segments are defined as a component of an enterprise for which separate financial information is available and is evaluated by the chief operating decision maker in deciding how to allocate resources and in assessing performance. During calendar year 2018 our Africa/Europe segment was split as a result of management realignment such that our operations in Europe and Mediterranean regions and our West Africa regions are now separately reported segments. As such, we now disclose these new segments as Europe/Mediterranean and West Africa, respectively. Our Americas and Middle East/Asia Pacific segments are not affected by this change. This new segment alignment is consistent with how our chief operating decision maker reviews operating results for the purposes of allocating resources and assessing performance. Prior year amounts have also been recast to conform to the new segment alignment. The following table provides a comparison of revenues, vessel operating profit, depreciation and amortization, and additions to properties and equipment. Vessel revenues and operating costs relate to our owned and operated vessels while other operating revenues relate to the activities of our brokered vessels and other miscellaneous marine-related businesses.
|  | Successor |  |  |  | Predecessor |
|  |  |  |  |  |  |  |  |  | Period from |  |  |  | Period from |
|  | Year |  |  | Year |  |  | August 1, 2017 |  |  |  | April 1, 2017 |
|  | Ended |  |  | Ended |  |  | through |  |  |  | through |
(In thousands) |  | December 31, 2019 |  |  | December 31, 2018 |  |  | December 31, 2017 |  |  |  | July 31, 2017 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Vessel revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 136,958 |  |  |  | 118,534 |  |  |  | 45,784 |  |  |  |  | 40,848 |
Middle East/Asia Pacific |  |  | 90,321 |  |  |  | 80,195 |  |  |  | 39,845 |  |  |  |  | 36,313 |
Europe/Mediterranean |  |  | 123,711 |  |  |  | 56,263 |  |  |  | 19,895 |  |  |  |  | 15,466 |
West Africa |  |  | 126,025 |  |  |  | 142,214 |  |  |  | 66,360 |  |  |  |  | 53,970 |
|  |  | 477,015 |  |  |  | 397,206 |  |  |  | 171,884 |  |  |  |  | 146,597 |
Other operating revenues |  |  | 9,534 |  |  |  | 9,314 |  |  |  | 6,869 |  |  |  |  | 4,772 |
|  | $ | 486,549 |  |  |  | 406,520 |  |  |  | 178,753 |  |  |  |  | 151,369 |
Vessel operating profit (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | (805 | ) |  |  | 8,860 |  |  |  | (1,599 | ) |  |  |  | (22,549 | )
Middle East/Asia Pacific |  |  | (6,044 | ) |  |  | (4,417 | ) |  |  | 451 |  |  |  |  | (1,434 | )
Europe/Mediterranean |  |  | (1,289 | ) |  |  | (9,359 | ) |  |  | (1,497 | ) |  |  |  | (12,680 | )
West Africa |  |  | 8,298 |  |  |  | 7,240 |  |  |  | 2,308 |  |  |  |  | (8,828 | )
|  |  | 160 |  |  |  | 2,324 |  |  |  | (337 | ) |  |  |  | (45,491 | )
Other operating profit (loss) |  |  | 6,734 |  |  |  | 3,742 |  |  |  | 1,614 |  |  |  |  | 876 |
|  |  | 6,894 |  |  |  | 6,066 |  |  |  | 1,277 |  |  |  |  | (44,615 | )
Corporate expenses |  |  | (57,988 | ) |  |  | (42,972 | ) |  |  | (14,989 | ) |  |  |  | (18,246 | )
Gain on asset dispositions, net |  |  | 2,263 |  |  |  | 10,624 |  |  |  | 6,616 |  |  |  |  | 3,561 |
Impairment of due from affiliate |  |  | — |  |  |  | (20,083 | ) |  |  | — |  |  |  |  | — |
Asset impairments and other |  |  | (37,773 | ) |  |  | (61,132 | ) |  |  | (16,777 | ) |  |  |  | (184,748 | )
Operating loss |  |  | (86,604 | ) |  |  | (107,497 | ) |  |  | (23,873 | ) |  |  |  | (244,048 | )
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 27,493 |  |  |  | 16,047 |  |  |  | 5,767 |  |  |  |  | 13,945 |
Middle East/Asia Pacific |  |  | 21,440 |  |  |  | 11,871 |  |  |  | 4,716 |  |  |  |  | 9,967 |
Europe/Mediterranean |  |  | 30,053 |  |  |  | 11,385 |  |  |  | 2,794 |  |  |  |  | 9,060 |
West Africa |  |  | 21,166 |  |  |  | 16,612 |  |  |  | 6,067 |  |  |  |  | 12,632 |
Other |  |  | — |  |  |  | 21 |  |  |  | 827 |  |  |  |  | 1,139 |
Corporate |  |  | 1,779 |  |  |  | 2,357 |  |  |  | 166 |  |  |  |  | 704 |
|  | $ | 101,931 |  |  |  | 58,293 |  |  |  | 20,337 |  |  |  |  | 47,447 |
Additions to properties and equipment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 969 |  |  |  | 3,771 |  |  |  | 144 |  |  |  |  | 27 |
Middle East/Asia Pacific |  |  | 5,237 |  |  |  | 2,982 |  |  |  | 2,596 |  |  |  |  | 1,042 |
Europe/Mediterranean |  |  | 4,001 |  |  |  | 185 |  |  |  | — |  |  |  |  | — |
West Africa |  |  | 2,721 |  |  |  | 10,135 |  |  |  | 195 |  |  |  |  | 375 |
Corporate |  |  | 5,070 |  |  |  | 4,318 |  |  |  | 6,899 |  |  |  |  | 821 |
|  | $ | 17,998 |  |  |  | 21,391 |  |  |  | 9,834 |  |  |  |  | 2,265 |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 375,297 |  |  |  | 380,168 |  |  |  | 164,958 |  |  |  |  | 714,891 |
Middle East/Asia Pacific |  |  | 270,413 |  |  |  | 233,611 |  |  |  | 48,268 |  |  |  |  | 424,896 |
Europe/Mediterranean |  |  | 358,943 |  |  |  | 316,524 |  |  |  | 171,156 |  |  |  |  | 597,819 |
West Africa |  |  | 376,087 |  |  |  | 483,234 |  |  |  | 864,300 |  |  |  |  | 1,277,552 |
Other |  |  | — |  |  |  | 7,440 |  |  |  | 2,443 |  |  |  |  | 20,392 |
Investments in and advances to unconsolidated companies |  |  | — |  |  |  | 1,039 |  |  |  | 29,216 |  |  |  |  | 49,367 |
Corporate |  |  | 198,788 |  |  |  | 405,723 |  |  |  | 479,254 |  |  |  |  | 799,752 |
|  | $ | 1,579,528 |  |  |  | 1,827,739 |  |  |  | 1,759,595 |  |  |  |  | 3,884,669 |
The following table discloses our customers that accounted for 10% or more of total revenues:
|  | Successor |  |  |  | Predecessor |
|  |  |  |  |  |  |  |  |  | Period from |  |  |  | Period from |
|  | Year |  |  | Year |  |  | August 1, 2017 |  |  |  | April 1, 2017 |
|  | Ended |  |  | Ended |  |  | through |  |  |  | through |
|  | December 31, 2019 |  |  | December 31, 2018 |  |  | December 31, 2017 |  |  |  | July 31, 2017 |
Chevron Corporation |  |  | 13.0 | % |  |  | 15.0 | % |  |  | 17.4 | % |  |  |  | 17.5 | %
Saudi Aramco |  |  | 7.6 | % |  |  | 8.3 | % |  |  | 10.1 | % |  |  |  | 11.7 | %

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- References No definition available. + Details
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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