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SEGMENT AND GEOGRAPHIC DISTRIBUTION OF OPERATIONS

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC DISTRIBUTION OF OPERATIONS

(13) 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

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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

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