Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Loss before income tax benefit and equity in earnings (losses) of 50% or less owned companies derived from U.S. and foreign companies for the years ended December 31 were as follows (in thousands):

	2020			2019			2018
United States	$	(83,560	)	$	(71,833	)	$	(72,540	)
Foreign		(17,748	)		(23,663	)		(28,675	)
Eliminations		3,201			11,022			8,782
	$	(98,107	)	$	(84,474	)	$	(92,433	)

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) for the years ended December 31 were as follows (in thousands):

	2020			2019			2018
Current:
Federal	$	(30,838	)	$	(6	)	$	5,987
State		123			(78	)		3
Foreign		5,533			5,005			3,307
		(25,182	)		4,921			9,297
Deferred:
Federal		2,435			(12,594	)		(21,466	)
State		(139	)		(224	)		(1,404	)
Foreign		(38	)		(72	)		110
		2,258			(12,890	)		(22,760	)
	$	(22,924	)	$	(7,969	)	$	(13,463	)

Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles the difference between the statutory federal income tax rate for the Company and the effective income tax rate for the years ended December 31:

	2020			2019			2018
Statutory rate		(21.0	)%		(21.0	)%		(21.0	)%
U.S. federal income tax law changes		(11.8	)%		—	%		—	%
SEACOR Holdings share awards to Company personnel		0.3	%		—	%		0.2	%
Non-deductible expenses		—	%		—	%		—	%
Exclusion of foreign subsidiaries with accumulated losses and    withholding tax		7.7	%		7.4	%		9.3	%
Noncontrolling interests		1.3	%		1.7	%		(1.6	)%
State taxes		—	%		(0.3	)%		(1.5	)%
Return to provision		(0.4	)%		2.8	%		(0.5	)%
Other		0.5	%		—	%		0.5	%
Effective Tax Rate		(23.4	)%		(9.4	)%		(14.6	)%

Schedule of Deferred Tax Assets and Liabilities

The components of net deferred income tax liabilities as of December 31 were as follows (in thousands):

	2020			2019
Deferred tax liabilities:
Property and equipment	$	58,676		$	63,827
Investments in 50% or Less Owned Companies		2,925			3,039
Other		4,819			10,612
Total deferred tax liabilities		66,420			77,478
Deferred tax assets:
Federal Net Operating Loss Carryforwards		23,061			28,664
Other		10,073			16,561
		33,134			45,225
Valuation Allowance		(2,536	)		(1,311	)
Total deferred tax assets		30,598			43,914
Net deferred tax liabilities	$	35,822		$	33,564