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Note 13 - Segment Information, Geographic Data and Major Customers | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | (13) SEGMENT INFORMATION, GEOGRAPHICAL DATA AND MAJOR CUSTOMERS The following table provides a comparison of revenues, vessel operating profit (loss), depreciation and amortization, additions to properties and equipment and assets by segment and in total. Vessel operating profit (loss) is calculated as vessel revenues less vessel operating costs, segment depreciation expenses, and segment general and administrative costs. Vessel revenues and operating costs relate to our owned and operated vessels while other operating revenues relate to the activities of our other miscellaneous marine-related businesses.
(In Thousands) |  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Vessel revenues: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 102,151 |  |  | $ | 126,676 |  |  | $ | 136,958 |
Middle East/Asia Pacific |  |  | 102,537 |  |  |  | 97,133 |  |  |  | 90,321 |
Europe/Mediterranean |  |  | 80,914 |  |  |  | 83,602 |  |  |  | 123,711 |
West Africa |  |  | 75,967 |  |  |  | 78,763 |  |  |  | 126,025 |
Total vessel revenues |  |  | 361,569 |  |  |  | 386,174 |  |  |  | 477,015 |
Other operating revenues |  |  | 9,464 |  |  |  | 10,864 |  |  |  | 9,534 |
Total revenues |  |  | 371,033 |  |  |  | 397,038 |  |  |  | 486,549 |
Vessel operating profit (loss): |  |  |  |  |  |  |  |  |  |  |  |
Americas |  |  | (11,270 | ) |  |  | 4,944 |  |  |  | (805 | )
Middle East/Asia Pacific |  |  | (1,174 | ) |  |  | (5,935 | ) |  |  | (6,044 | )
Europe/Mediterranean |  |  | (16,968 | ) |  |  | (8,629 | ) |  |  | (1,289 | )
West Africa |  |  | (16,985 | ) |  |  | (27,508 | ) |  |  | 8,298 |
Total vessel operating profit (loss) |  |  | (46,397 | ) |  |  | (37,128 | ) |  |  | 160 |
Other operating profit |  |  | 7,233 |  |  |  | 7,458 |  |  |  | 6,734 |
|  |  | (39,164 | ) |  |  | (29,670 | ) |  |  | 6,894 |
Corporate expenses |  |  | (36,908 | ) |  |  | (35,633 | ) |  |  | (57,988 | )
Gain (loss) on asset dispositions, net |  |  | (2,901 | ) |  |  | 7,591 |  |  |  | 2,263 |
Affiliate credit loss impairment expense |  |  | (400 | ) |  |  | (52,981 | ) |  |  | — |
Affiliate guarantee obligation |  |  | — |  |  |  | (2,000 | ) |  |  | — |
Asset impairments and other |  |  | (15,643 | ) |  |  | (74,109 | ) |  |  | (37,773 | )
Operating loss |  | $ | (95,016 | ) |  | $ | (186,802 | ) |  | $ | (86,604 | )
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 30,856 |  |  | $ | 32,079 |  |  | $ | 27,493 |
Middle East/Asia Pacific |  |  | 25,992 |  |  |  | 24,244 |  |  |  | 21,440 |
Europe/Mediterranean |  |  | 28,163 |  |  |  | 29,222 |  |  |  | 30,053 |
West Africa |  |  | 26,196 |  |  |  | 27,787 |  |  |  | 21,166 |
Corporate and other |  |  | 3,337 |  |  |  | 3,377 |  |  |  | 1,779 |
Total depreciation and amortization |  | $ | 114,544 |  |  | $ | 116,709 |  |  | $ | 101,931 |
Additions to properties and equipment: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | — |  |  | $ | 2,842 |  |  | $ | 969 |
Middle East/Asia Pacific |  |  | (42 | ) |  |  | 2,629 |  |  |  | 5,237 |
Europe/Mediterranean |  |  | 764 |  |  |  | 1,059 |  |  |  | 4,001 |
West Africa |  |  | 6,341 |  |  |  | 6,028 |  |  |  | 2,721 |
Corporate |  |  | 1,888 |  |  |  | 2,342 |  |  |  | 5,070 |
Total additions to properties and equipment |  | $ | 8,951 |  |  | $ | 14,900 |  |  | $ | 17,998 |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 278,394 |  |  | $ | 338,649 |  |  | $ | 375,297 |
Middle East/Asia Pacific |  |  | 183,287 |  |  |  | 226,422 |  |  |  | 270,413 |
Europe/Mediterranean |  |  | 293,760 |  |  |  | 302,214 |  |  |  | 358,943 |
West Africa |  |  | 223,988 |  |  |  | 242,825 |  |  |  | 376,087 |
Corporate |  |  | 116,351 |  |  |  | 141,067 |  |  |  | 198,788 |
Total assets |  | $ | 1,095,780 |  |  | $ | 1,251,177 |  |  | $ | 1,579,528 |
The following table discloses our customers that accounted for 10% or more of total revenues:
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Chevron Corporation |  |  | 15.7 | % |  |  | 14.3 | % |  |  | 13.0 | %
Saudi Aramco |  |  | 11.8 | % |  |  | 11.5 | % |  |  | * |
* Less than 10% of total revenues.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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