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SEGMENT AND GEOGRAPHIC AREA INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Operating Performance and Total Assets by Segment

Financial information by segment for the three months ended March 31, 2025 and 2024 is summarized below (in thousands):

			Offshore Energy Services						Government Services						Other Services						Corporate						Consolidated
Three months ended March 31, 2025
Revenues			$	239,785					$	85,943					$	24,802					$	—					$	350,530
Less:
Personnel			56,766						24,473						6,072						—						87,311
Repairs and maintenance			46,907						11,361						3,047						—						61,315
Insurance			4,029						2,437						368						—						6,834
Fuel			12,702						2,082						4,091						—						18,875
Leased-in equipment			14,933						9,693						1,423						—						26,049
Other segment costs			37,656						12,871						6,274						—						56,801
Total operating expenses			172,993						62,917						21,275						—						257,185
General and administrative expenses			23,259						9,729						1,595						8,517						43,100
Depreciation and amortization expense			6,870						7,286						2,554						131						16,841
Total costs and expenses			203,122						79,932						25,424						8,648						317,126
Losses on disposal of assets			—						—						—						(558)						(558)
Earnings from unconsolidated affiliates			702						—						—						—						702
Operating income (loss)			$	37,365					$	6,011					$	(622)					$	(9,206)					$	33,548

			Offshore Energy Services						Government Services						Other Services						Corporate						Consolidated
Three months ended March 31, 2024
Revenues			$	229,895					$	82,172					$	25,027					$	—					$	337,094
Less:
Personnel			56,277						21,576						6,345						—						84,198
Repairs and maintenance			50,810						12,204						2,709						—						65,723
Insurance			4,389						1,981						281						—						6,651
Fuel			15,280						2,103						4,251						—						21,634
Leased-in equipment			15,554						9,505						1,180						—						26,239
Other segment costs			36,171						9,811						4,628						—						50,610
Total operating expenses			178,481						57,180						19,394						—						255,055
General and administrative expenses			24,412						8,884						1,890						8,161						43,347
Depreciation and amortization expense			7,222						6,818						2,865						264						17,169
Total costs and expenses			210,115						72,882						24,149						8,425						315,571
Losses on disposal of assets			—						—						—						(113)						(113)
Earnings from unconsolidated affiliates			1,419						—						—						—						1,419
Operating income (loss)			$	21,199					$	9,290					$	878					$	(8,538)					$	22,829

Total depreciation and amortization expense by segment for the periods reflected below were as follows:

			Offshore Energy Services						Government Services						Other Services						Corporate						Consolidated
Three months ended March 31, 2025
Depreciation and amortization expense			$	6,870					$	7,286					$	2,554					$	131					$	16,841
PBH amortization(1)			2,879						422						105						—						3,406
Total depreciation and amortization expense			$	9,749					$	7,708					$	2,659					$	131					$	20,247
Three months ended March 31, 2024
Depreciation and amortization expense			$	7,222					$	6,818					$	2,865					$	264					$	17,169
PBH amortization(1)			3,060						498						168						—						3,726
Total depreciation and amortization expense			$	10,282					$	7,316					$	3,033					$	264					$	20,895

(1) Included within operating expenses on the condensed consolidated statements of operations.

Capital expenditures by segment for the periods reflected below were as follows:

			Three Months Ended
			March 31, 2025						March 31, 2024
Offshore Energy Services			$	22,695					$	1,719
Government Services			28,486						59,531
Other Services			879						3,312
Total capital expenditures			$	52,060					$	64,562

Segment assets consisting of property and equipment (excluding construction in progress), net of accumulated depreciation and right of use (“ROU”) assets, are reflected below for the periods indicated:

			March 31, 2025						December 31, 2024
Offshore Energy Services			$	595,556					$	596,687
Government Services			452,380						433,721
Other Services			61,344						62,746
Total segment assets			$	1,109,280					$	1,093,154
Corporate			2,911						3,156
Construction-in-progress			266,214						244,181
Total long-lived assets			$	1,378,405					$	1,340,491

Schedule Of Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Reconciliation of consolidated income (loss) before taxes for the periods reflected below were as follows:

			Three Months Ended
			March 31, 2025						March 31, 2024
Operating income (loss):
Offshore Energy Services			$	37,365					$	21,199
Government Services			6,011						9,290
Other Services			(622)						878
Corporate			(9,206)						(8,538)
Total operating income			33,548						22,829
Interest income			2,118						1,984
Interest expense, net			(9,490)						(9,472)
Other, net			11,388						(6,201)
Total other income (expense), net			4,016						(13,689)
Income before income taxes			$	37,564					$	9,140

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

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

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-Name Accounting Standards Codification
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