Schedule of Assets Held for Sale |
Summarized selected operating results of the Company’s assets held for sale and discontinued operations were as follows for the years ended December 31, (in thousands):
|
|
2020 |
|
Assets from Discontinued Operations: |
|
|
|
|
Current assets |
|
$ |
10,138 |
|
Net property and equipment |
|
|
34,580 |
|
Non-current assets |
|
|
5,517 |
|
|
|
|
50,235 |
|
Liability from Discontinued Operations: |
|
|
|
|
Current liabilities |
|
$ |
2,418 |
|
Long-term liabilities |
|
|
28,509 |
|
|
|
$ |
30,927 |
|
|
|
Windcat Workboats |
|
|
Boston Putford Offshore Safety |
|
|
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
2019 |
|
Operating Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Time charter |
|
$ |
903 |
|
|
$ |
29,383 |
|
|
$ |
25,249 |
|
|
$ |
41,214 |
|
Other revenue |
|
|
70 |
|
|
|
2,305 |
|
|
|
1,790 |
|
|
|
45 |
|
|
|
|
973 |
|
|
|
31,688 |
|
|
|
27,039 |
|
|
|
41,259 |
|
Costs and Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating |
|
|
578 |
|
|
|
17,334 |
|
|
|
14,202 |
|
|
|
33,836 |
|
Direct Vessel Profit |
|
|
395 |
|
|
|
14,354 |
|
|
|
12,837 |
|
|
|
7,423 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
General and Administrative Expenses |
|
|
238 |
|
|
|
5,516 |
|
|
|
4,935 |
|
|
|
4,207 |
|
Lease Expense |
|
|
24 |
|
|
|
628 |
|
|
|
318 |
|
|
|
60 |
|
Depreciation |
|
|
— |
|
|
|
6,166 |
|
|
|
6,846 |
|
|
|
3,504 |
|
Gain on Asset Dispositions and
Impairments, Net |
|
|
— |
|
|
|
— |
|
|
|
1,064 |
|
|
|
91 |
|
Operating Income (Loss) |
|
|
133 |
|
|
|
2,044 |
|
|
|
1,802 |
|
|
|
(257 |
) |
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
|
2 |
|
|
|
59 |
|
|
|
56 |
|
|
|
11 |
|
Interest expense |
|
|
(39 |
) |
|
|
(1,115 |
) |
|
|
(1,100 |
) |
|
|
(210 |
) |
Foreign currency translation (loss) |
|
|
89 |
|
|
|
(750 |
) |
|
|
880 |
|
|
|
(75 |
) |
Other, net |
|
|
— |
|
|
|
19 |
|
|
|
— |
|
|
|
— |
|
|
|
|
52 |
|
|
|
(1,787 |
) |
|
|
(164 |
) |
|
|
(274 |
) |
Operating Income Before Equity Earnings of 50% or
Less Owned Companies, Net of Tax |
|
|
185 |
|
|
|
257 |
|
|
|
1,638 |
|
|
|
(531 |
) |
Income Tax Benefit |
|
|
— |
|
|
|
(86 |
) |
|
|
57 |
|
|
|
(2 |
) |
Operating Income Before Equity Earnings of 50% or
Less Owned Companies |
|
|
185 |
|
|
|
343 |
|
|
|
1,581 |
|
|
|
(529 |
) |
Equity in Earnings of 50% or Less Owned Companies,
Net of Tax |
|
|
(16 |
) |
|
|
21 |
|
|
|
155 |
|
|
|
168 |
|
Net Income from Discontinued Operations |
|
$ |
169 |
|
|
$ |
364 |
|
|
$ |
1,736 |
|
|
$ |
(361 |
) |
121
|