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Note 12 - Properties and Equipment, Accrued Expenses, Other Current Liabilities, and Other Liabilities | 9 Months Ended
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Sep. 30, 2023
Notes to Financial Statements |
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 September 30, 2023, our property and equipment consist primarily of 219 active vessels located around the world, excluding one vessel we have classified as held for sale. As of December 31, 2022, our property and equipment consisted primarily of 183 active vessels, which excluded eight vessels classified as held for sale. We have five Alucat crew boats under construction for which we have made down payments totaling approximately EUR2.6 million ($2.9 million) in 2022 and 2023 and will incur debt with the shipyard upon deliveries in 2023 and 2024 totaling approximately EUR10.5 million ($11.1 million). These crew boats, upon completion, will be employed in our African market. A summary of properties and equipment is as follows:
(In Thousands) |  |  |  |  |  |  |  |
|  | September 30, 2023 |  |  | December 31, 2022 |
Properties and equipment: |  |  |  |  |  |  |  |
Vessels and related equipment |  | $ | 1,704,505 |  |  | $ | 1,070,821 |
Other properties and equipment |  |  | 38,168 |  |  |  | 35,819 |
|  |  | 1,742,673 |  |  |  | 1,106,640 |
Less accumulated depreciation and amortization |  |  | 394,672 |  |  |  | 309,985 |
Properties and equipment, net |  | $ | 1,348,001 |  |  | $ | 796,655 |
A summary of accrued expenses is as follows:
(In Thousands) |  |  |  |  |  |  |  |
|  | September 30, 2023 |  |  | December 31, 2022 |
Payroll and related payables |  | $ | 33,901 |  |  | $ | 35,425 |
Accrued vessel expenses |  |  | 42,042 |  |  |  | 47,307 |
Accrued interest expense |  |  | 19,364 |  |  |  | 2,037 |
Other accrued expenses |  |  | 24,324 |  |  |  | 20,749 |
|  | $ | 119,631 |  |  | $ | 105,518 |
A summary of other current liabilities is as follows:
(In Thousands) |  |  |  |  |  |
|  | September 30, 2023 |  |  | December 31, 2022 |
Taxes payable |  | $ | 36,089 |  |  | $ | 39,355 |
Other |  |  | 17,212 |  |  |  | 10,968 |
|  | $ | 53,301 |  |  | $ | 50,323 |
A summary of other liabilities is as follows:
(In Thousands) |  |  |  |  |  |
|  | September 30, 2023 |  |  | December 31, 2022 |
Pension liabilities |  | $ | 19,740 |  |  | $ | 17,383 |
Liability for uncertain tax positions |  |  | 30,218 |  |  |  | 35,468 |
Other |  |  | 16,288 |  |  |  | 14,992 |
|  | $ | 66,246 |  |  | $ | 67,843 |

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