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Note 12 - Properties and Equipment, Accrued Expenses, Other Current Liabilities and Other Liabilities

3 Months Ended

Mar. 31, 2021

Other Assets Accrued Expenses Other Current Liabilities And Other Liabilities And Deferred Credits [Text Block]

(12)

PROPERTIES AND EQUIPMENT, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES

As of March 31, 2021, our property and equipment consist primarily of 146 active vessels, which excludes the 20 vessels we have classified as held for sale, located around the world. As of December 31, 2020, our property and equipment consisted primarily of 149 active vessels, which excluded 23 vessels classified as held for sale.

A summary of properties and equipment at March 31, 2021 and December 31, 2020 is as follows:

	March 31,		December 31,
(In thousands)	2021		2020
Properties and equipment:
Vessels and related equipment	$	929,723	$	940,175
Other properties and equipment		15,548		16,861
		945,271		957,036
Less accumulated depreciation and amortization		190,564		176,718
Properties and equipment, net	$	754,707	$	780,318

A summary of accrued expenses is as follows:

	March 31,		December 31,
(In thousands)	2021		2020
Payroll and related payables	$	14,321	$	17,201
Accrued vessel expenses		16,647		17,129
Accrued interest expense		2,865		3,240
Other accrued expenses		14,633		14,852
	$	48,466	$	52,422

A summary of other current liabilities at March 31, 2021 and December 31, 2020 is as follows:

	March 31,		December 31,
(In thousands)	2021		2020
Taxes payable	$	25,482	$	23,883
Other		9,521		8,902
	$	35,003	$	32,785

A summary of other liabilities at March 31, 2021 and December 31, 2020 is as follows:

	March 31,		December 31,
(In thousands)	2021		2020
Pension liabilities	$	31,440	$	31,736
Liability for uncertain tax positions		35,531		35,304
Other		12,263		12,752
	$	79,234	$	79,792