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Condensed Consolidated Statements of Operations (Unuadited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Revenue $ 340,356 $ 299,262 $ 1,000,750 $ 707,327
Costs and expenses:        
Vessel operating costs 178,654 164,239 522,723 397,962
Costs of other operating revenues 901 1,481 2,867 3,005
General and administrative 28,471 21,001 80,129 70,559
Depreciation and amortization 62,435 57,730 178,150 121,164
Gain on asset dispositions, net (51) (863) (13,090) (4,483)
Total costs and expenses 270,410 243,588 770,779 588,207
Operating income 69,946 55,674 229,971 119,120
Other income (expense):        
Foreign exchange gain (loss) 5,522 (2,149) (939) (3,620)
Equity in net earnings of unconsolidated companies 0 4 0 29
Interest income and other, net 1,028 568 3,686 3,488
Interest and other debt costs, net (17,622) (19,288) (56,225) (28,209)
Total other expense (11,072) (20,865) (53,478) (28,312)
Income before income taxes 58,874 34,809 176,493 90,808
Income tax expense 12,883 9,260 33,840 32,515
Net income 45,991 25,549 142,653 58,293
Net loss attributable to noncontrolling interests (380) (650) (1,098) (1,228)
Net income attributable to Tidewater Inc. $ 46,371 $ 26,199 $ 143,751 $ 59,521
Basic income per common share (in dollars per share) $ 0.88 $ 0.5 $ 2.74 $ 1.16
Diluted income per common share (in dollars per share) $ 0.87 $ 0.49 $ 2.7 $ 1.13
Weighted average common shares outstanding (in shares) 52,490 52,230 52,498 51,235
Dilutive effect of warrants, restricted stock units and stock options (in shares) 593 1,380 656 1,322
Adjusted weighted average common shares (in shares) 53,083 53,610 53,154 52,557
Vessel [Member]        
Revenues:        
Revenue $ 338,485 $ 296,975 $ 994,174 $ 698,478
Product and Service, Other [Member]        
Revenues:        
Revenue $ 1,871 $ 2,287 $ 6,576 $ 8,849