Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes [Abstract]

Components of Net Deferred Tax (Liability) Asset

		Year Ended December 31,
	(All Amounts in Thousands)		2014		2013
DEFERRED TAX LIABILITIES
	Fixed Assets	$	(12,376)	$	(10,067)
	Drydock Activities		(5,275)		(6,315)
	Insurance and Claims Reserve		(228)		-
	Post-Retirement Benefits		-		(794)
	Total Deferred Tax Liabilities	$	(17,879)	$	(17,176)
DEFERRED TAX ASSETS
	Net Operating Loss Carryforwards	$	17,753	$	15,525
	Minimum Tax Credit		5,179		5,179
	Deferred Gain		1,973		2,374
	Pension/Postretirement		2,500		2,568
	Intangibles/Goodwill		1,285		586
	Unconsolidated Subsidiaries		383		305
	Insurance and Claims Reserve		-		76
	Work Opportunity Tax Credit		537		537
	Lease Incentives		503		508
	Assets Held for Sale		931		-
	Other Assets		771		796
	Total Deferred Tax Assets	$	31,815	$	28,454
	Valuation Allowance		(13,936)		(869)
	Net Deferred Tax Assets	$	17,879	$	27,585
TOTAL DEFERRED TAX		$	-	$	10,409
DEFERRED TAX COMPONENTS
	Current	$	408	$	3,084
	Non-current		(408)		7,325
TOTAL DEFERRED TAX		$	-	$	10,409

Components Of Income Tax Provision (Benefit)

	Year Ended December 31,
(All Amounts in Thousands)		2014		2013		2012
Domestic	$	(5,209)	$	8,509	$	16,668
Foreign		(39,071)		(584)		5,352
Total	$	(44,280)	$	7,925	$	22,020
The components of the income tax provision (benefit) are as follows:
	Year Ended December 31,
		2014		2013		2012
Current	$	79	$	83	$	296
Deferred		10,350		(12,351)		(453)
Total	$	10,429	$	(12,268)	$	(157)

Reconciliation of U.S. Statutory Tax Rate

	Year Ended December 31,
	2014		2013		2012
Statutory Rate	35.0	%	35.0	%	35.0	%
State Income Taxes	(0.2)	%	3.4	%	0.1	%
Effect of Tonnage Tax Rate	(1.0)	%	(15.3)	%	(35.0)	%
Foreign Earnings - Indefinitely Reinvested	(30.9)	%	(12.3)	%	(6.9)	%
Change in Valuation Allowance	(26.5)	%	(180.7)	%	3.5	%
Foreign Income Taxes	-	%	(0.1)	%	0.9	%
E&P Limitations	-	%	14.9	%	1.6	%
Permanent Differences and Other, Primarily Non-deductible Expenditures	-	%	0.3	%	0.1	%
	(23.6)	%	(154.8)	%	(0.7)	%

Unrecognized Tax Benefits

		2014		2013
Total unrecognized tax benefits as of: January 1,	$	349	$	-
Increases in unrecognized tax benefits as a result of:
Tax positions taken during a prior year		(99)		349
Lapse of applicable statute of limitations		-		-
Total unrecognized tax benefits as of:  December 31,	$	250	$	349