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SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Information about Operations in Different Segments

Summarized financial information is shown in the following tables:

 

 

Three Months Ended March 31,

 

 

 

2016

 

 

2015

 

 

 

(in thousands)

 

Revenues(1):

 

 

 

 

 

 

 

 

AEA

 

$

62,625

 

 

$

143,313

 

MEA

 

 

270,255

 

 

 

153,800

 

ASA

 

 

396,152

 

 

 

253,350

 

Total revenues

 

$

729,032

 

 

$

550,463

 

 

 

 

 

 

 

 

 

 

Operating income (loss)(2):

 

 

 

 

 

 

 

 

AEA

 

$

(24,921

)

 

$

16,257

 

MEA

 

 

38,467

 

 

 

5,242

 

ASA

 

 

25,133

 

 

 

(7,426

)

Corporate

 

 

(2,686

)

 

 

(767

)

Total operating income

 

$

35,993

 

 

$

13,306

 

 

 

 

 

 

 

 

 

 

Capital expenditures(3):

 

 

 

 

 

 

 

 

AEA

 

$

2,585

 

 

$

2,913

 

MEA

 

 

2,234

 

 

 

10,114

 

ASA

 

 

27,008

 

 

 

10,824

 

Corporate and Other

 

 

73

 

 

 

121

 

Total capital expenditures

 

$

31,900

 

 

$

23,972

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

AEA

 

$

7,143

 

 

$

12,823

 

MEA

 

 

4,811

 

 

 

5,738

 

ASA

 

 

6,389

 

 

 

3,916

 

Corporate and Other

 

 

2,259

 

 

 

2,850

 

Total depreciation and amortization

 

$

20,602

 

 

$

25,327

 

 

 

 

 

 

 

 

 

 

Drydock amortization:

 

 

 

 

 

 

 

 

AEA

 

$

3,176

 

 

$

3,083

 

MEA

 

 

535

 

 

 

613

 

ASA

 

 

229

 

 

 

1,576

 

Total drydock amortization

 

$

3,940

 

 

$

5,272

 

(1)

Intersegment transactions included in revenues were not significant for either of the periods presented.

(2)

The AEA segment’s operating loss for the three months ended March 31, 2016 includes an impairment charge of $32 million related to the Agile vessel. The ASA segment’s operating loss for the three months ended March 31, 2015 includes an impairment charge of $4 million related to the DB101.

(3)

Total capital expenditures represent expenditures for which cash payments were made during the period. Capital expenditures for the three months ended March 31, 2016 exclude $2 million in accrued liabilities related to capital expenditures as of December 31, 2015. Capital expenditures for the three months ended March 31, 2015 include $3 million of cash payments for accrued capital expenditures outstanding as of December 31, 2014.

 
Information about Segment Assets by Country

 

 

March 31, 2016

 

 

December 31, 2015

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

 

 

AEA

 

$

772,111

 

 

$

896,822

 

MEA

 

 

984,296

 

 

 

971,170

 

ASA

 

 

825,029

 

 

 

774,365

 

Corporate and Other

 

 

790,122

 

 

 

744,719

 

 

 

$

3,371,558

 

 

$

3,387,076