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Note 12 - Segment and Geographic Distribution of Operations (Tables)

3 Months Ended

Mar. 31, 2025

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

(In Thousands)		Three Months Ended
		March 31, 2025				March 31, 2024
Americas:
Vessel revenues		$	54,852			$	63,941
Vessel operating costs:
Crew costs			17,440				24,062
Repair and maintenance			4,266				4,534
Insurance			571				494
Fuel, lube and supplies			2,617				4,522
Other			10,129				5,928
Total vessel operating costs			35,023				39,540
General and administrative expense			3,542				3,332
Depreciation and amortization			11,392				10,943
Vessel operating profit			4,895				10,126
Additions to properties and equipment		$	1,933			$	3,495
Total assets		$	354,153			$	388,140

(In Thousands)		Three Months Ended
		March 31, 2025				March 31, 2024
Asia Pacific:
Vessel revenues		$	48,228			$	47,781
Vessel operating costs:
Crew costs			20,331				19,306
Repair and maintenance			2,270				2,769
Insurance			324				273
Fuel, lube and supplies			1,767				1,937
Other			2,118				2,491
Total vessel operating costs			26,810				26,776
General and administrative expense			2,420				2,126
Depreciation and amortization			5,318				4,032
Vessel operating profit			13,680				14,847
Additions to properties and equipment		$	592			$	194
Total assets		$	162,329			$	193,734

(In Thousands)		Three Months Ended
		March 31, 2025				March 31, 2024
Middle East:
Vessel revenues		$	43,302			$	37,932
Vessel operating costs:
Crew costs			13,280				13,270
Repair and maintenance			4,100				4,508
Insurance			529				420
Fuel, lube and supplies			2,039				2,304
Other			4,588				6,006
Total vessel operating costs			24,536				26,508
General and administrative expense			2,937				2,622
Depreciation and amortization			7,266				7,273
Vessel operating profit			8,563				1,529
Additions to properties and equipment		$	854			$	834
Total assets		$	188,242			$	183,945

(In Thousands)		Three Months Ended
		March 31, 2025				March 31, 2024
Europe Mediterranean:
Vessel revenues		$	78,205			$	80,381
Vessel operating costs:
Crew costs			27,111				26,282
Repair and maintenance			6,711				5,493
Insurance			848				756
Fuel, lube and supplies			3,147				4,094
Other			4,738				4,359
Total vessel operating costs			42,555				40,984
General and administrative expense			3,663				3,202
Depreciation and amortization			24,609				21,438
Vessel operating profit			7,378				14,757
Additions to properties and equipment		$	1,314			$	5,493
Total assets		$	635,046			$	669,886

(In Thousands)		Three Months Ended
		March 31, 2025				March 31, 2024
West Africa:
Vessel revenues		$	106,112			$	88,651
Vessel operating costs:
Crew costs			18,951				19,432
Repair and maintenance			4,607				4,044
Insurance			762				637
Fuel, lube and supplies			4,808				4,461
Other			6,927				5,174
Total vessel operating costs			36,055				33,748
General and administrative expense			2,546				2,055
Depreciation and amortization			15,898				11,838
Vessel operating profit			51,613				41,010
Additions to properties and equipment		$	12,832			$	211
Total assets		$	528,421			$	438,677

(In Thousands)		Three Months Ended
		March 31, 2025				March 31, 2024
World Wide:
Revenues:
Vessel revenues		$	330,699			$	318,686
Other operating revenues			2,745				2,478
Total revenue			333,444				321,164
Vessel operating costs:
Crew costs			97,113				102,352
Repair and maintenance			21,954				21,348
Insurance			3,034				2,580
Fuel, lube and supplies			14,378				17,318
Other			28,500				23,958
Total vessel operating costs			164,979				167,556
Costs of other operating revenues			1,430				1,150
General and administrative expense			15,108				13,337
Depreciation and amortization			64,483				55,524
Operating profit			87,444				83,597
Corporate expenses			(14,935	)			(12,738	)
Gain on asset dispositions, net			2,538				11,039
Operating income			75,047				81,898
Segment additions to properties and equipment		$	17,525			$	10,227
Corporate additions to properties and equipment			1,839				715
Total additions to properties and equipment		$	19,364			$	10,942
Segment assets		$	1,868,191			$	1,874,382
Corporate assets			197,975				203,434
Total assets		$	2,066,166			$	2,077,816

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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

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X

- References

No definition available.

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