Income Taxes	6 Months Ended
Jun. 30, 2014
Income Taxes [Abstract]
Income Taxes	Note 7. Income Taxes We recorded a tax benefit of $229,000 on our $3.9 million of loss before taxes and equity in net loss of unconsolidated entities for the six months ended June 30, 2014. For the six months ended June 30, 2013, we recorded an income tax provision of $50,000 on our $3.9 million of income before taxes and equity in net loss of unconsolidated entities. Included in both our 2014 tax benefit and our 2013 tax provision are taxes on our qualifying U.S. flag operations, which continue to be taxed under a “tonnage tax” regime rather than under the normal U.S. corporate income tax regime, a 35% provision on our U.S. flag Jones Act results, and foreign tax withholdings. Our 2014 tax benefit for the six months ended June 30, 2014, also includes recognition of deferred tax benefits, which we were unable to recognize in 2013 due to the valuation allowance that we reversed in the fourth quarter of 2013, as discussed in our Annual Report on Form 10-K for the year ended December 31, 2013. Additionally, we have recorded a tax liability on our income from vessel financing in 2014 that was exempt from tax in 2013. For further information on certain tax laws and elections, see our Annual Report on Form 10-K filed for the year ended December 31, 2013, including “Note J - Income Taxes” to the consolidated financial statements included therein.

Income Taxes

6 Months Ended

Jun. 30, 2014

Note 7. Income Taxes

We recorded a tax benefit of $229,000 on our $3.9 million of loss before taxes and equity in net loss of unconsolidated entities for the six months ended June 30, 2014. For the six months ended June 30, 2013, we recorded an income tax provision of $50,000 on our $3.9 million of income before taxes and equity in net loss of unconsolidated entities. Included in both our 2014 tax benefit and our 2013 tax provision are taxes on our qualifying U.S. flag operations, which continue to be taxed under a “tonnage tax” regime rather than under the normal U.S. corporate income tax regime, a 35% provision on our U.S. flag Jones Act results, and foreign tax withholdings. Our 2014 tax benefit for the six months ended June 30, 2014, also includes recognition of deferred tax benefits, which we were unable to recognize in 2013 due to the valuation allowance that we reversed in the fourth quarter of 2013, as discussed in our Annual Report on Form 10-K for the year ended December 31, 2013. Additionally, we have recorded a tax liability on our income from vessel financing in 2014 that was exempt from tax in 2013.

For further information on certain tax laws and elections, see our Annual Report on Form 10-K filed for the year ended December 31, 2013, including “Note J - Income Taxes” to the consolidated financial statements included therein.