XML 25 R38.htm IDEA: XBRL DOCUMENT v2.3.0.15
LONG-TERM DEBT AND NOTES PAYABLE - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified
1 Months Ended9 Months Ended12 Months Ended9 Months Ended1 Months Ended1 Months Ended
Aug. 31, 2011
Sep. 30, 2011
Sep. 30, 2011
Oceanteam ASA
Sep. 30, 2010
North Ocean Construction Financing Member
Dec. 31, 2010
North Ocean Construction Financing Member
Secured Debt
Sep. 30, 2011
North Ocean Construction Financing Member
Secured Debt
Sep. 30, 2010
North Ocean Construction Financing Member
Secured Debt
Sep. 30, 2011
Revolving Credit Facility
Sep. 30, 2011
Revolving Credit Facility
Before Amendment
Sep. 30, 2011
Revolving Credit Facility
After Amendment
Sep. 30, 2011
Revolving Credit Facility
After Amendment
Pro Forma
Aug. 31, 2011
Base rate
Sep. 30, 2011
Financial Letter of Credit
Aug. 31, 2011
Financial Letter of Credit
Minimum
Aug. 31, 2011
Financial Letter of Credit
Maximum
Sep. 30, 2011
Performance Letters of Credit
Aug. 31, 2011
Performance Letters of Credit
Minimum
Aug. 31, 2011
Performance Letters of Credit
Maximum
Sep. 30, 2011
Unsecured Debt
Aug. 31, 2011
Minimum
Aug. 31, 2011
Maximum
Debt Disclosure [Line Items]                     
Credit facility, maturity dateMay 03, 2014Aug. 19, 2016
Revolving loan and letter of credit commitments borrowing capacity        $ 900$ 950           
Permitted capital expenditures        400600           
Debt covenant description         Permits the incurrence of unsecured debt so long as we are in pro forma compliance with a maximum 2.751.00 leverage ratio, which replaced a pre-existing limit of $400.0 million on unsecured debt, and increased the maximum permitted leverage ratio from 2.501.00 to 3.001.00;           
Permitted leverage ratio, maximum        2.503.002.75          
Restricted payment, maximum        50100           
Interest on outstanding loan balanceLoans outstanding under the Credit Agreement bear interest at the borrower’s option at either the Eurodollar rate plus a margin ranging from 1.50% to 2.50% per year or the base rate (the highest of the Federal Funds rate plus 0.50%, the 30-day Eurodollar rate plus 1.0%, or the administrative agent’s prime rate) plus a margin ranging from 0.50% to 1.50% per year. The applicable margin for revolving loans varies depending on the credit ratings of the Credit Agreement.                    
Interest on loan outsanding, margin over Fedreal Fund rate           0.50%         
Interest on loan outsanding, margin over Eurodollar rate 2.00%         1.00%       1.50%2.50%
Interest on loan outsanding, margin over base rate 1.00%                 0.50%1.50%
Commitment fee on the unused portion of credit agreement                   0.20%0.45%
Letter of credit fee            2.00%1.50%2.50%1.00%0.75%1.25%   
Revolving credit, borrowings outstanding       0             
Letters of credit outstanding amount       304.9          275.8  
Credit facility, current borrowing capacity       645.1             
Credit facility, applicable interest rate       4.25%             
Commitment fee on the unused portion of credit agreement       0.30%             
Notes payable  45.5                  
Notes payable, current  6.6                  
Percentage of debt guaranteed by JRMSA  50.00%                  
Debt description  The outstanding debt bears interest at a rate equal to the three-month LIBOR (which resets every three months) plus a margin of 2.815% and matures in January 2014.                  
Applicable margin for LIBOR borrowing  2.815%                  
Debt Maturity Date  2014-01                  
Secured debt      69.4              
Secured debt, applicable interest rate    2.76%                
Principal repayment    The agreement provides for borrowings of up to $69.4 million, bearing interest at 2.76% per year, and requires principal repayment in 17 consecutive semi-annual installments commencing on the earlier of nine months after the delivery date of the vessel and October 1, 2012.                
Borrowing outstanding    $ 3.4$ 43.6               
Percentage Of Ownership Interests   75.00%