Discontinued Operations (Notes)

3 Months Ended

Mar. 31, 2018

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

DISCONTINUED OPERATIONS

As discussed in Note B - "Acquisitions and Dispositions," on March 1, 2018, we closed a series of related transactions that resulted in the disposition of our Offshore Division. As a result, we have accounted for our Offshore Division, consisting of our Offshore Services and Maritech segments, as discontinued operations and have revised prior period financial statements to exclude these businesses from continuing operations. A summary of financial information related to our discontinued operations is as follows:

Reconciliation of the Line Items Constituting Pretax Loss from Discontinued Operations to the After-Tax Loss from Discontinued Operations

(in thousands)

	Three Months Ended March 31, 2018									Three Months Ended March 31, 2017
	Offshore Services			Maritech			Total			Offshore Services			Maritech			Total
Major classes of line items constituting pretax loss from discontinued operations
Revenue	$	4,477		$	186		$	4,663		$	8,361		$	231		$	8,592
Cost of revenues	11,123			238			11,361			10,740			287			11,027
Depreciation, amortization, and accretion	1,856			213			2,069			2,584			370			2,954
General and administrative expense	1,253			186			1,439			1,468			237			1,705
Other (income) expense, net	39			—			39			(96		)	—			(96		)
Pretax loss from discontinued operations	(9,794		)	(451		)	(10,245		)	(6,335		)	(663		)	(6,998		)
Pretax loss on disposal of discontinued operations							(33,788		)							—
Total pretax loss from discontinued operations							(44,033		)							(6,998		)
Income tax benefit							(2,327		)							9
Total loss from discontinued operations							$	(41,706	)							$	(7,007	)

Reconciliation of Major Classes of Assets and Liabilities of the Discontinued Operations to Amounts Presented Separately in the Statement of Financial Position

(in thousands)

	March 31, 2018						December 31, 2017
	Offshore Services		Maritech		Total		Offshore Services		Maritech		Total
Carrying amounts of major classes of assets included as part of discontinued operations
Trade receivables	$	6,474	$	1,433	$	7,907	$	27,385	$	1,542	$	28,927
Inventories	—		—		—		4,616		—		4,616
Property, plant, and equipment	—		—		—		85,873		—		85,873
Other assets	—		—		—		1,674		44		1,718
Total major classes of assets of the discontinued operations	$	6,474	$	1,433	$	7,907	$	119,548	$	1,586	$	121,134
Carrying amounts of major classes of liabilities included as part of discontinued operations
Trade payables	6,509		228		6,737		13,942		87		14,029
Accrued liabilities	5,328		2,222		7,550		8,905		2,278		11,183
Decommissioning and other asset retirement obligations	—		—		—		—		46,662		46,662
Total major classes of liabilities of the discontinued operations	$	11,837	$	2,450	$	14,287	$	22,847	$	49,027	$	71,874