XML 34 R20.htm IDEA: XBRL DOCUMENT v3.19.2
OTHER CURRENT ASSETS, PROPERTIES AND EQUIPMENT, OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES
6 Months Ended
Jun. 30, 2019
Other Current Assets Properties And Equipment Other Assets Accrued Expenses Other Current Liabilities And Other Non Current Liabilities And Deferred Credits [Abstract]  
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)

Refer to Note (4).

 

 

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

 

 

 

(C)

Refer to Note (4).

 

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

 

 

 

(D)

Refer to Note (4).