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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2021
Discontinued Operations And Disposal Groups [Abstract]  
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