Related Party Transactions

3 Months Ended

Mar. 31, 2024

Related Party Transactions [Abstract]

Related party transactions

Related party transactions

The Company had one debt instrument with related parties as of March 31, 2024 – the Exquisite Vessel Financing. For details on this debt instrument, see Note 10 – Long-term debt – related party.

Kaiser has, over time, donated significant amounts of money to the George Kaiser Family Foundation (“the Foundation”). The Foundation has an independent board and Kaiser does not exert control over or have ownership in the Foundation. However, several of Kaiser’s close family members are on the board of directors of the Foundation and for the purposes of these accounts, where transactions with the Foundation occur, they are reported as related party transactions. As of March 31, 2024 and December 31, 2023, the Company had no outstanding balance with the Foundation.

The following transactions with related parties are included in the accompanying consolidated statements of income (in thousands):

	For the three months ended March 31,
	2024		2023
Fees reimbursable to Kaiser	$	69	$	1,026

The following balances with related parties are included in the accompanying consolidated balance sheets (in thousands):

	March 31, 2024		December 31, 2023
Amounts due from related parties	$	412	$	192
Amounts due to related parties		139		577
Prepaid expenses – related party		2,033		2,162