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SEGMENT AND GEOGRAPHIC DISTRIBUTION OF OPERATIONS | 3 Months Ended
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Mar. 31, 2020
Segment Reporting [Abstract] |
SEGMENT AND GEOGRAPHIC DISTRIBUTION OF OPERATIONS |
(1 3) | SEGMENT AND GEOGRAPHIC DISTRIBUTION OF OPERATIONS
The following table provides a comparison of segment revenues, vessel operating profit (loss), depreciation and amortization, and additions to properties and equipment for the three months ended March 31, 2020 and 2019. Vessel revenues and operating costs relate to vessels owned and operated by us while other operating revenues relate to other miscellaneous marine-related businesses.
|  | Three Months |  |  | Three Months |
|  | Ended |  |  | Ended |
(In thousands) |  | March 31, 2020 |  |  | March 31, 2019 |
Revenues: |  |  |  |  |  |  |  |
Vessel revenues: |  |  |  |  |  |  |  |
Americas |  | $ | 31,859 |  |  | $ | 35,279 |
Middle East/Asia Pacific |  |  | 24,828 |  |  |  | 20,456 |
Europe/Mediterranean |  |  | 29,491 |  |  |  | 28,558 |
West Africa |  |  | 25,796 |  |  |  | 35,369 |
Other operating revenues |  |  | 4,394 |  |  |  | 2,487 |
|  | $ | 116,368 |  |  | $ | 122,149 |
Vessel operating profit (loss): |  |  |  |  |  |  |  |
Americas |  | $ | (1,164 | ) |  | $ | (1,030 | )
Middle East/Asia Pacific |  |  | (856 | ) |  |  | (1,162 | )
Europe/Mediterranean |  |  | 1,547 |  |  |  | (3,317 | )
West Africa |  |  | (4,863 | ) |  |  | 8,115 |
Other operating profit |  |  | 1,721 |  |  |  | 1,704 |
|  | $ | (3,615 | ) |  | $ | 4,310 |
Corporate expenses |  |  | (10,042 | ) |  |  | (15,200 | )
Long-lived asset impairments |  |  | (10,207 | ) |  |  | — |
Gain on asset dispositions, net |  |  | 5,331 |  |  |  | 1,270 |
Operating loss |  | $ | (18,533 | ) |  | $ | (9,620 | )
Depreciation and amortization: |  |  |  |  |  |  |  |
Americas |  | $ | 7,496 |  |  | $ | 6,261 |
Middle East/Asia Pacific |  |  | 5,527 |  |  |  | 4,450 |
Europe/Mediterranean |  |  | 6,819 |  |  |  | 7,446 |
West Africa |  |  | 6,404 |  |  |  | 4,444 |
Corporate |  |  | 861 |  |  |  | 331 |
|  | $ | 27,107 |  |  | $ | 22,932 |
Additions to properties and equipment: |  |  |  |  |  |  |  |
Americas |  | $ | — |  |  | $ | 398 |
Middle East/Asia Pacific |  |  | 680 |  |  |  | 1,459 |
Europe/Mediterranean |  |  | 440 |  |  |  | 121 |
West Africa |  |  | 751 |  |  |  | 243 |
Corporate |  |  | 578 |  |  |  | 895 |
|  | $ | 2,449 |  |  | $ | 3,116 |
The following table provides a comparison of total assets at March 31, 2020 and December 31, 2019:
|  | March 31, |  |  | December 31, |
(In thousands) |  | 2020 |  |  | 2019 |
Total assets: |  |  |  |  |  |  |  |
Americas |  | $ | 369,592 |  |  | $ | 375,297 |
Middle East/Asia Pacific |  |  | 272,426 |  |  |  | 270,413 |
Europe/Mediterranean |  |  | 342,394 |  |  |  | 358,943 |
West Africa |  |  | 374,040 |  |  |  | 376,087 |
Corporate |  |  | 194,672 |  |  |  | 198,788 |
|  | $ | 1,553,124 |  |  | $ | 1,579,528 |

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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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