XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.23.3

Note 13 - Segment and Geographic Distribution of Operations (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
(In Thousands) |  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2023 |  |  | September 30, 2022 |  |  | September 30, 2023 |  |  | September 30, 2022 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Vessel revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 70,717 |  |  | $ | 39,122 |  |  | $ | 168,780 |  |  | $ | 105,086 |
Asia Pacific |  |  | 38,994 |  |  |  | 23,902 |  |  |  | 83,603 |  |  |  | 45,161 |
Middle East |  |  | 34,685 |  |  |  | 31,186 |  |  |  | 97,303 |  |  |  | 79,800 |
Europe/Mediterranean |  |  | 78,929 |  |  |  | 39,702 |  |  |  | 149,474 |  |  |  | 96,096 |
West Africa |  |  | 73,650 |  |  |  | 56,335 |  |  |  | 199,318 |  |  |  | 130,155 |
Other operating revenues |  |  | 2,287 |  |  |  | 1,515 |  |  |  | 8,849 |  |  |  | 4,640 |
Total |  | $ | 299,262 |  |  | $ | 191,762 |  |  | $ | 707,327 |  |  | $ | 460,938 |
Vessel operating profit (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 12,586 |  |  | $ | 2,952 |  |  | $ | 26,793 |  |  | $ | 8,800 |
Asia Pacific |  |  | 14,555 |  |  |  | 3,260 |  |  |  | 27,149 |  |  |  | 4,534 |
Middle East |  |  | (1,143 | ) |  |  | 605 |  |  |  | (3,144 | ) |  |  | (1,585 | )
Europe/Mediterranean |  |  | 9,576 |  |  |  | 13,137 |  |  |  | 19,919 |  |  |  | 14,970 |
West Africa |  |  | 28,392 |  |  |  | 12,322 |  |  |  | 71,087 |  |  |  | 24,807 |
Other operating profit |  |  | 806 |  |  |  | 922 |  |  |  | 5,844 |  |  |  | 3,204 |
|  |  | 64,772 |  |  |  | 33,198 |  |  |  | 147,648 |  |  |  | 54,730 |
Corporate expenses |  |  | (9,961 | ) |  |  | (13,188 | ) |  |  | (33,011 | ) |  |  | (39,600 | )
Long-lived asset impairment and other |  |  | — |  |  |  | (1,214 | ) |  |  | — |  |  |  | (714 | )
Gain (loss) on asset dispositions, net |  |  | 863 |  |  |  | 264 |  |  |  | 4,483 |  |  |  | (826 | )
Operating income (loss) |  | $ | 55,674 |  |  | $ | 19,060 |  |  | $ | 119,120 |  |  | $ | 13,590 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 11,945 |  |  | $ | 7,591 |  |  | $ | 28,863 |  |  | $ | 22,210 |
Asia Pacific |  |  | 3,570 |  |  |  | 1,518 |  |  |  | 6,859 |  |  |  | 4,447 |
Middle East |  |  | 6,854 |  |  |  | 6,384 |  |  |  | 18,954 |  |  |  | 18,211 |
Europe/Mediterranean |  |  | 24,660 |  |  |  | 6,792 |  |  |  | 39,455 |  |  |  | 20,512 |
West Africa |  |  | 10,113 |  |  |  | 7,720 |  |  |  | 25,447 |  |  |  | 21,463 |
Corporate |  |  | 588 |  |  |  | 851 |  |  |  | 1,586 |  |  |  | 2,436 |
Total |  | $ | 57,730 |  |  | $ | 30,856 |  |  | $ | 121,164 |  |  | $ | 89,279 |
Additions to properties and equipment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 935 |  |  | $ | 2,386 |  |  | $ | 2,496 |  |  | $ | 2,924 |
Asia Pacific |  |  | 1,179 |  |  |  | 195 |  |  |  | 6,838 |  |  |  | 214 |
Middle East |  |  | 728 |  |  |  | 862 |  |  |  | 3,146 |  |  |  | 2,934 |
Europe/Mediterranean |  |  | 1,295 |  |  |  | 815 |  |  |  | 3,475 |  |  |  | 1,260 |
West Africa |  |  | 225 |  |  |  | 772 |  |  |  | 15,960 |  |  |  | 1,462 |
Corporate |  |  | 1,366 |  |  |  | 1,298 |  |  |  | 3,484 |  |  |  | 2,914 |
Total |  | $ | 5,728 |  |  | $ | 6,328 |  |  | $ | 35,399 |  |  | $ | 11,708 |
(In Thousands) |  |  |  |  |  |  |  |
|  | September 30, 2023 |  |  | December 31, 2022 |
Total assets: |  |  |  |  |  |  |  |
Americas |  | $ | 432,961 |  |  | $ | 309,985 |
Asia Pacific |  |  | 165,373 |  |  |  | 148,684 |
Middle East |  |  | 195,757 |  |  |  | 197,054 |
Europe/Mediterranean |  |  | 673,419 |  |  |  | 282,670 |
West Africa |  |  | 396,861 |  |  |  | 285,965 |
Corporate |  |  | 207,184 |  |  |  | 73,298 |
|  | $ | 2,071,555 |  |  | $ | 1,297,656 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration