XML 37 R50.htm IDEA: XBRL DOCUMENT v2.4.0.6
LONG-TERM DEBT AND NOTES PAYABLE - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified
1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended
Aug. 31, 2011
Dec. 31, 2011
Dec. 31, 2011
North Ocean Construction Financing
North Ocean 102
Dec. 31, 2010
North Ocean Construction Financing
North Ocean 102
Dec. 31, 2011
JRMSA
Dec. 31, 2010
JRMSA
Aug. 31, 2011
Minimum
Aug. 31, 2011
Maximum
Dec. 31, 2011
Revolving Credit Facility
Aug. 31, 2011
Revolving Credit Facility
Before Amendment
Aug. 31, 2011
Revolving Credit Facility
After Amendment
Aug. 31, 2011
Revolving Credit Facility
After Amendment
Pro Forma
Aug. 31, 2011
Base rate
Dec. 31, 2011
Financial Letter of Credit
Aug. 31, 2011
Financial Letter of Credit
Minimum
Aug. 31, 2011
Financial Letter of Credit
Maximum
Dec. 31, 2011
Performance Letters of Credit
Aug. 31, 2011
Performance Letters of Credit
Minimum
Aug. 31, 2011
Performance Letters of Credit
Maximum
Dec. 31, 2011
Unsecured Debt
Dec. 31, 2011
Eurodollar rate
Dec. 31, 2011
Base Rate Loans
Dec. 31, 2011
Commitments
Sep. 30, 2010
Secured Debt
North Ocean Construction Financing
North Ocean 105
Installment
Dec. 31, 2011
Secured Debt
North Ocean Construction Financing
North Ocean 105
Dec. 31, 2010
Secured Debt
North Ocean Construction Financing
North Ocean 105
Sep. 30, 2010
Secured Debt
Maximum
North Ocean Construction Financing
North Ocean 105
Debt Instrument [Line Items]                                                      
Credit facility, maturity date                   May 03, 2014 Aug. 19, 2016                                
Revolving loan and letter of credit commitments borrowing capacity                   $ 900 $ 950                                
Permitted capital expenditures                   400.0 600.0                                
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   0.34               2.5 3 2.75                              
Restricted payment, maximum                   50 100                                
Interest on outstanding loan balance Loans 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 outstanding, margin over Federal Fund rate                         0.50%                            
Interest on loan outstanding, margin over Eurodollar rate             1.50% 2.50%         1.00%                            
Interest on loan outstanding, margin over base rate             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%       0.30%        
Revolving credit, borrowings outstanding                 0                                    
Letters of credit outstanding amount                 306.1                     219.0              
Credit facility, current borrowing capacity                 643.9                                    
Credit facility, applicable interest rate                 4.25%                                    
Applicable margin                                         2.00% 1.00%          
Business acquisition percentage, interests acquired                                               75.00%      
Notes payable     43.3 51.9                                              
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.      
Number of consecutive semi-annual installments                                               17      
Borrowing outstanding                                                 50.4 3.4  
Notes payable, current     6.0 8.5                                         2.9    
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
Bonds issued         $ 19.5 $ 5.1