Stock Repurchases

6 Months Ended

Jun. 30, 2017

Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]

Stock Repurchases

STOCK REPURCHASES

SEACOR’s Board of Directors previously approved a securities repurchase plan that authorizes the Company to acquire its Securities through open market purchases, privately negotiated transactions or otherwise, depending on market conditions. As of June 30, 2017, the Company’s repurchase authority for the Securities was $90.7 million.

During the six months endedJune 30, 2017, the Company purchased 110,298 shares of Common Stock for treasury for an aggregate purchase price of $7.6 million from its employees to cover their tax withholding obligations related to share award transactions. These shares were purchased in accordance with the terms of the Company’s Share Incentive Plans and not pursuant to the repurchase authorization granted by SEACOR’s Board of Directors.