OTHER CURRENT ASSETS, PROPERTIES AND EQUIPMENT, OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES |
(12) |
OTHER CURRENT ASSETS, PROPERTIES AND EQUIPMENT, OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES |
A summary of other current assets is as follows:
|
|
June 30, |
|
|
December 31, |
|
(In thousands) |
|
2019 |
|
|
2018 |
|
Deposits |
|
$ |
1,303 |
|
|
|
1,413 |
|
Prepaid expenses and other |
|
|
13,157 |
|
|
|
10,423 |
|
|
|
$ |
14,460 |
|
|
|
11,836 |
|
A summary of properties and equipment is as follows:
|
|
June 30, |
|
|
December 31, |
|
(In thousands) |
|
2019 |
|
|
2018 |
|
Properties and equipment: |
|
|
|
|
|
|
|
|
Vessels and related equipment |
|
$ |
1,131,893 |
|
|
|
1,144,028 |
|
Other properties and equipment |
|
|
8,110 |
|
|
|
7,455 |
|
|
|
|
1,140,003 |
|
|
|
1,151,483 |
|
Less accumulated depreciation and amortization |
|
|
98,949 |
|
|
|
61,626 |
|
Properties and equipment, net |
|
$ |
1,041,054 |
|
|
|
1,089,857 |
|
A summary of other assets is as follows:
|
|
June 30, |
|
|
December 31, |
|
(In thousands) |
|
2019 |
|
|
2018 |
|
Recoverable insurance losses |
|
$ |
5,088 |
|
|
|
4,056 |
|
Investments held for supplemental savings plan accounts |
|
|
5,035 |
|
|
|
4,807 |
|
Long-term deposits |
|
|
18,594 |
|
|
|
16,848 |
|
Deferred tax asset |
|
|
395 |
|
|
|
395 |
|
Right of use asset (A) |
|
|
4,651 |
|
|
|
— |
|
Other |
|
|
5,888 |
|
|
|
5,220 |
|
|
|
$ |
39,651 |
|
|
|
31,326 |
|
A summary of accrued cost and expenses is as follows:
|
|
June 30, |
|
|
December 31, |
|
(In thousands) |
|
2019 |
|
|
2018 |
|
Payroll and related payables |
|
$ |
18,204 |
|
|
|
17,447 |
|
Commissions payable (B) |
|
|
2,375 |
|
|
|
1,990 |
|
Accrued vessel expenses |
|
|
27,050 |
|
|
|
29,534 |
|
Accrued interest expense |
|
|
5,610 |
|
|
|
5,985 |
|
Other accrued expenses |
|
|
3,436 |
|
|
|
6,828 |
|
|
|
$ |
56,675 |
|
|
|
61,784 |
|
|
(B) |
Excludes $24.8 million and $28.0 million of commissions due to Sonatide at June 30, 2019 and December 31, 2018, respectively. These amounts are included in amounts due to affiliate. |
A summary of other current liabilities is as follows:
|
|
June 30, |
|
|
December 31, |
|
(In thousands) |
|
2019 |
|
|
2018 |
|
Taxes payable |
|
$ |
17,802 |
|
|
|
13,167 |
|
Lease liability - operating (C) |
|
|
710 |
|
|
|
— |
|
Accrued property and liability losses |
|
|
583 |
|
|
|
2,726 |
|
Other |
|
|
5,347 |
|
|
|
5,199 |
|
|
|
$ |
24,442 |
|
|
|
21,092 |
|
A summary of other liabilities is as follows:
|
|
June 30, |
|
|
December 31, |
|
(In thousands) |
|
2019 |
|
|
2018 |
|
Pension liabilities |
|
$ |
33,295 |
|
|
|
33,124 |
|
Liability for uncertain tax positions |
|
|
44,676 |
|
|
|
43,790 |
|
Deferred tax liability |
|
|
1,919 |
|
|
|
1,913 |
|
Lease liability - operating (D) |
|
|
4,420 |
|
|
|
— |
|
Accrued property and liability losses |
|
|
3,500 |
|
|
|
4,123 |
|
Other |
|
|
9,661 |
|
|
|
11,075 |
|
|
|
$ |
97,471 |
|
|
|
94,025 |
|
|