XML 30 R15.htm IDEA: XBRL DOCUMENT v3.23.1
Shareholders' Equity
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Shareholders' Equity
Note 9. Shareholders' Equity
Dividends
We did not declare any dividends during the quarters ended March 31, 2023 and March 31, 2022. During the first quarter of 2022, we were restricted under certain of our credit facilities from paying dividends while waivers to the financial covenants within such facilities were in effect. While the waivers have now expired, in the event we declare a dividend, we will need to repay the principal amounts deferred under our export credit facilities.
Noncontrolling Interests
Effective March 31, 2023, we closed the previously announced partnership with iCON. We sold 80% of PortMiami for $208.9 million and retained a 20% minority interest. The cash consideration received, net of transaction costs, was allocated between paid in capital and noncontrolling interest in the accompanying consolidated statement of shareholders' equity as of March 31, 2023. Refer to Note 5. Investments and Other Assets for further information on the transaction.
The Net Loss attributable to noncontrolling interest was immaterial during the quarters ended March 31, 2023 and March 31, 2022.