Document_And_Entity_Informatio
Document And Entity Information | 6 Months Ended | |
Jun. 30, 2013 | Jul. 25, 2013 | |
Document Information [Line Items] | ' | ' |
Entity Registrant Name | 'SEACOR HOLDINGS INC /NEW/ | ' |
Entity Central Index Key | '0000859598 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Jun-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Amendment Flag | 'false | ' |
Entity Common Stock, Shares Outstanding | ' | 20,230,727 |
Entity Well-known Seasoned Issuer | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Current Reporting Status | 'Yes | ' |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current Assets: | ' | ' |
Cash and cash equivalents | $394,783 | $248,204 |
Restricted cash | 16,776 | 28,285 |
Marketable securities | 27,264 | 21,668 |
Receivables: | ' | ' |
Trade, net of allowance for doubtful accounts | 188,128 | 224,944 |
Other Receivables | 37,204 | 45,334 |
Inventories | 22,955 | 25,787 |
Deferred income taxes | 3,530 | 3,530 |
Prepaid expenses and other | 11,715 | 12,719 |
Discontinued operations | 0 | 108,153 |
Total current assets | 702,355 | 718,624 |
Property and Equipment: | ' | ' |
Property, Plant and Equipment, Gross | 2,212,929 | 2,238,383 |
Accumulated depreciation | 806,672 | 763,803 |
Property, Plant and Equipment, Net In Service | 1,406,257 | 1,474,580 |
Construction in Progress, Gross | 133,985 | 110,296 |
Net property and equipment | 1,540,242 | 1,584,876 |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 293,793 | 272,535 |
Construction Reserve Funds & Title XI Reserve Funds | 150,375 | 195,629 |
Goodwill | 17,978 | 17,978 |
Intangible Assets, Net | 14,594 | 15,305 |
Other Assets | 48,996 | 55,123 |
Discontinued Operations | 0 | 840,724 |
Total assets | 2,768,333 | 3,700,794 |
Current Liabilities: | ' | ' |
Current portion of long-term debt | 25,109 | 21,920 |
Current portion of capital lease obligations | 10 | 2,900 |
Accounts payable and accrued expenses | 73,185 | 107,892 |
Other current liabilities | 122,424 | 93,093 |
Discontinued operations | 0 | 39,836 |
Total current liabilities | 220,728 | 265,641 |
Long-Term Debt | 674,444 | 655,309 |
Capital Lease Obligations | 24 | 59 |
Deferred Income Taxes | 421,623 | 426,027 |
Deferred Gains and Other Liabilities | 115,078 | 120,342 |
Discontinued Operations | 0 | 490,741 |
Total liabilities | 1,431,897 | 1,958,119 |
SEACOR Holdings Inc. stockholders’ equity: | ' | ' |
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued nor outstanding | 0 | 0 |
Common stock, $.01 par value, 60,000,000 shares authorized; 36,603,406 and 36,444,439 shares issued in 2012 and 2011, respectively | 370 | 367 |
Additional paid-in capital | 1,347,909 | 1,330,324 |
Retained earnings | 1,056,583 | 1,473,509 |
Treasury Stock, Value | 1,089,061 | 1,088,560 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -4,243 | -1,986 |
Stockholders' equity attributable to parent, total | 1,311,558 | 1,713,654 |
Noncontrolling interests in subsidiaries | 24,878 | 29,021 |
Total equity | 1,336,436 | 1,742,675 |
Liabilities and stockholders' equity, total | $2,768,333 | $3,700,794 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Jun. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Trade receivables, allowance for doubtful accounts | $1,153 | $1,201 |
Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 |
Common stock, shares authorized | 60,000,000 | 60,000,000 |
Common stock, shares issued | 37,035,464 | 36,740,324 |
Treasury stock, shares | 16,851,335 | 16,852,391 |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements Of Income (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012 |
Income Statement [Abstract] | ' | ' | ' | ' |
Operating Revenues | $315,563 | $309,225 | $582,627 | $607,074 |
Costs and Expenses [Abstract] | ' | ' | ' | ' |
Operating | 240,113 | 244,545 | 441,026 | 452,964 |
Administrative and general | 34,718 | 36,301 | 70,363 | 71,292 |
Depreciation and amortization | 33,783 | 33,220 | 67,331 | 62,922 |
Total costs and expenses | 308,614 | 314,066 | 578,720 | 587,178 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | 12,305 | 3,342 | 14,320 | 7,119 |
Operating Income (Loss) | 19,254 | -1,499 | 18,227 | 27,015 |
Other Income (Expense): | ' | ' | ' | ' |
Interest income | 3,218 | 7,392 | 6,385 | 10,035 |
Interest expense | 7,922 | 10,012 | 20,762 | 19,999 |
Debt extinguishment losses, net | 0 | 0 | 0 | -160 |
Marketable security gains, net | 6,557 | 11,596 | 10,552 | 14,954 |
Derivative losses, net | -825 | 2,554 | -2,932 | -404 |
Foreign currency gains, net | -916 | -1,024 | -4,927 | 637 |
Other, net | 195 | 443 | 198 | 359 |
Total Other Nonoperating Income (Expense) | 307 | 10,949 | -11,486 | 5,422 |
Income from Continuing Operations Before Income Tax Expense and Equity in Earnings of 50% or Less Owned Companies | 19,561 | 9,450 | 6,741 | 32,437 |
Income Tax Expense (Benefit) | 7,975 | 3,250 | 5,322 | 12,710 |
Income from Continuing Operations Before Equity in Earnings of 50% or Less Owned Companies | 11,586 | 6,200 | 1,419 | 19,727 |
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 7,710 | 295 | 6,841 | 7,956 |
Income from Continuing Operations | 19,296 | 6,495 | 8,260 | 27,683 |
Income (Loss) from Discontinued Operations, Net of Tax | 0 | 4,804 | -10,325 | 19,989 |
Net Income | 19,296 | 11,299 | -2,065 | 47,672 |
Net Income (Loss) Attributable to Noncontrolling Interest | 25 | 50 | -348 | -65 |
Net Income attributable to SEACOR Holdings Inc. | 19,271 | 11,249 | -1,717 | 47,737 |
Net Income (Loss) attributable to SEACOR Holdings Inc.: | ' | ' | ' | ' |
Income (Loss) from Continuing Operations Attributable to Parent | 19,271 | 6,445 | 8,508 | 27,748 |
Discontinued operations, net of tax | 0 | 4,804 | -10,225 | 19,989 |
Net Income attributable to SEACOR Holdings Inc. | $19,271 | $11,249 | ($1,717) | $47,737 |
Basic Earnings Per Common Share of SEACOR Holdings Inc. | ' | ' | ' | ' |
Continuing operations | $0.97 | $0.31 | $0.43 | $1.35 |
Discontinued operations | $0 | $0.24 | ($0.52) | $0.97 |
Earnings Per Share, Basic | $0.97 | $0.55 | ($0.09) | $2.32 |
Diluted Earnings Per Common Share of SEACOR Holdings Inc. | ' | ' | ' | ' |
Continuing operations | $0.91 | $0.31 | $0.42 | $1.33 |
Discontinued operations | $0 | $0.23 | ($0.51) | $0.96 |
Earnings Per Share, Diluted | $0.91 | $0.54 | ($0.09) | $2.29 |
Weighted Average Common Shares Outstanding: | ' | ' | ' | ' |
Weighted Average Number of Shares Outstanding, Basic | 19,825,229 | 20,584,567 | 19,782,318 | 20,552,114 |
Weighted Average Number of Shares Outstanding, Diluted | 24,392,312 | 20,871,380 | 20,114,904 | 20,883,570 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements Of Comprehensive Income (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012 |
Net Income | $19,296 | $11,299 | ($2,065) | $47,672 |
Other Comprehensive Income (Loss): | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax | -340 | -1,415 | -4,538 | 1,785 |
Reclassification of net foreign currency translation losses to foreign currency gains, net | 0 | 0 | 0 | 758 |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax | 331 | -195 | ' | ' |
Reclassification of net derivative losses on cash flow hedges to interest expense or equity in earnings of 50% or less owned companies | ' | ' | 0 | -19 |
Other | 0 | 0 | 0 | 42 |
Other Comprehensive Income (Loss), before Tax | 142 | -805 | -3,840 | 3,429 |
Income tax expense | 41 | -249 | -1,186 | 1,145 |
Other Comprehensive Income (Loss), Net of Tax | 101 | -556 | -2,654 | 2,284 |
Comprehensive Income | 19,397 | 10,743 | -4,719 | 49,956 |
Comprehensive Income attributable to Noncontrolling Interests in Subsidiaries | 48 | -44 | -800 | 92 |
Comprehensive Income attributable to SEACOR Holdings Inc. | 19,349 | 10,787 | -3,919 | 49,864 |
Equity Method Investments [Member] | ' | ' | ' | ' |
Other Comprehensive Income (Loss): | ' | ' | ' | ' |
Reclassification of net derivative losses on cash flow hedges to interest expense or equity in earnings of 50% or less owned companies | 151 | 145 | 318 | 219 |
Interest Expense [Member] | ' | ' | ' | ' |
Other Comprehensive Income (Loss): | ' | ' | ' | ' |
Reclassification of net derivative losses on cash flow hedges to interest expense or equity in earnings of 50% or less owned companies | $0 | $660 | $0 | $1,296 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statement Of Changes In Equity (USD $) | Total | Common Stock [Member] | Additional Paid-In Capital [Member] | Retained Earnings [Member] | Shares Held In Treasury [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Non-Controlling Interests In Subsidiaries [Member] | Era Group [Member] |
In Thousands, unless otherwise specified | ||||||||
Balance at Dec. 31, 2012 | $1,742,675 | $367 | $1,330,324 | $1,473,509 | ($1,088,560) | ($1,986) | $29,021 | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Stock Purchase Plan | 978 | 0 | 0 | 0 | 978 | 0 | 0 | ' |
Exercise of stock options | 7,830 | 1 | 7,829 | 0 | 0 | 0 | 0 | ' |
Director stock awards | 125 | 0 | 125 | 0 | 0 | 0 | 0 | ' |
Restricted stock and restricted stock units | -25 | 2 | -27 | 0 | 0 | 0 | 0 | ' |
Stockholders' Equity Note, Spinoff Transaction | -415,371 | 0 | 0 | -415,209 | 0 | -55 | -107 | ' |
Stockholders Equity Note Spinoff Transaction, Value, Share Award Settlements for Spin Off | -631 | 0 | -631 | 0 | 0 | 0 | 0 | ' |
Amortization of share awards | 8,810 | 0 | -8,810 | 0 | 0 | 0 | 0 | ' |
Stock Issued During Period, Value, Restricted Stock Award, Forfeitures | 0 | 0 | 1,479 | 0 | -1,479 | 0 | 0 | ' |
Issuance of noncontrolling interests | 40 | 0 | 0 | 0 | 0 | 0 | 40 | ' |
Dividends paid to noncontrolling interests | -3,276 | 0 | 0 | 0 | 0 | 0 | -3,276 | ' |
Comprehensive income: | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | -1,717 | 0 | 0 | ' | 0 | 0 | ' | ' |
Net Income (Loss) Attributable to Noncontrolling Interest | -348 | ' | ' | ' | ' | ' | -348 | ' |
Net Income | -2,065 | ' | ' | ' | ' | ' | ' | -9,233 |
Other comprehensive income | -2,654 | 0 | 0 | 0 | 0 | -2,202 | -452 | ' |
Balance at Jun. 30, 2013 | $1,336,436 | $370 | $1,347,909 | $1,056,583 | ($1,089,061) | ($4,243) | $24,878 | ' |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements Of Cash Flows (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 |
Statement of Cash Flows [Abstract] | ' | ' |
Net Cash Provided by Operating Activities of Continuing Operations | $78,235 | $65,293 |
Cash Flows from Investing Activities of Continuing Operations: | ' | ' |
Purchases of property and equipment | 87,931 | 99,507 |
Proceeds from disposition of property and equipment | 125,432 | 7,394 |
Investments in and advances to 50% or less owned companies | 26,822 | 31,906 |
Return of investments and advances from 50% or less owned companies | 8,315 | 25,641 |
Net advances on revolving credit line to 50% or less owned companies | 0 | 300 |
Principal payments on third party notes receivable, net | 4,509 | 18,970 |
Net increase in restricted cash | -11,509 | -2,934 |
Net (increase) decrease in construction reserve funds and title XI reserve funds | -45,254 | -67,554 |
Repayments on leases, net | 1,731 | 1,793 |
Businesses acquisitions, net of cash acquired | 10,540 | 148,084 |
Net cash used in investing activities of continuing operations | 71,457 | -155,511 |
Cash Flows from Financing Activities of Continuing Operations: | ' | ' |
Repayments of Debt and Capital Lease Obligations | 10,027 | 64,712 |
Net borrowings (repayments) on inventory financing arrangements | -2,365 | 14,798 |
Proceeds from issuance of long term debt, net of offering costs | 6 | 134 |
Common stock acquired for treasury | 0 | 17,431 |
Cash Received (Paid) For Share Settlements from Spinoff Transactions | -357 | 0 |
Proceeds and tax benefits from share award plans | 8,779 | 6,659 |
Cash received from (dividends paid to) noncontrolling interests, net | -3,236 | -1,715 |
Net cash provided by (used in) financing activities of continuing operations | -2,470 | -91,863 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -2,565 | 910 |
Net Increase (Decrease) in Cash and Cash Equivalents from Continuing Operations | 144,657 | -181,171 |
Cash Flows from Discontinued Operations: | ' | ' |
Operating Activities | 24,298 | 76,624 |
Investing Activities | -8,502 | 5,715 |
Financing Activities | -14,017 | 6,606 |
Effects of Exchange Rate Changes on Cash and Cash Equivalents | 143 | 595 |
Net Increase in Cash and Cash Equivalents from Discontinued Operations | 1,922 | 89,540 |
Net Increase (Decrease) in Cash and Cash Equivalents | 146,579 | -91,631 |
Cash and Cash Equivalents, Beginning of Period | 248,204 | 381,482 |
Cash and Cash Equivalents, End of Period | $394,783 | $289,851 |
Basis_of_Presentation_and_Acco
Basis of Presentation and Accounting Policy | 6 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2013 | |||||||||||||||||||||||||||||
Nature Of Operations And Accounting Policies [Abstract] | ' | ||||||||||||||||||||||||||||
Basis of Presentation and Accounting Policy | ' | ||||||||||||||||||||||||||||
BASIS OF PRESENTATION AND ACCOUNTING POLICY | |||||||||||||||||||||||||||||
The condensed consolidated financial information for the three and six months ended June 30, 2013 and 2012 has been prepared by the Company and has not been audited by its independent registered public accounting firm. The condensed consolidated financial statements include the accounts of SEACOR Holdings Inc. and its consolidated subsidiaries. In the opinion of management, all adjustments (consisting of normal recurring adjustments) have been made to fairly present the Company’s financial position as of June 30, 2013, its results of operations for the three and six months ended June 30, 2013 and 2012, its comprehensive income for the three and six months ended June 30, 2013 and 2012, its changes in equity for the six months ended June 30, 2013, and its cash flows for the six months ended June 30, 2013 and 2012. Results of operations for the interim periods presented are not necessarily indicative of operating results for the full year or any future periods. | |||||||||||||||||||||||||||||
Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. | |||||||||||||||||||||||||||||
Unless the context otherwise indicates, any reference in this Quarterly Report on Form 10-Q to the “Company” refers to SEACOR Holdings Inc. and its consolidated subsidiaries and any reference in this Quarterly Report on Form 10-Q to “SEACOR” refers to SEACOR Holdings Inc. | |||||||||||||||||||||||||||||
Discontinued Operations. On January 31, 2013, the Company completed the spin-off ("Spin-off") of Era Group Inc. (“Era Group”), the company that operated SEACOR's Aviation Services business segment, by means of a dividend to SEACOR's stockholders of all the issued and outstanding common stock of Era Group. Era Group filed a Registration Statement on Form 10 with the Securities and Exchange Commission, describing the Spin-off, that was declared effective on January 14, 2013. Era Group is now an independent company whose common stock is listed on the New York Stock Exchange under the symbol "ERA." Discontinued operations includes the historical financial position, results of operations and cash flows of Era Group as well as the operations previously reported as discontinued in the Company's Annual Report on Form 10-K for the year ended December 31, 2012 (see Note 14). | |||||||||||||||||||||||||||||
Revenue Recognition. The Company recognizes revenue when it is realized or realizable and earned. Revenue is realized or realizable and earned when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price to the buyer is fixed or determinable, and collectability is reasonably assured. Revenue that does not meet these criteria is deferred until the criteria are met. Deferred revenues, included in other current liabilities, for the six months ended June 30 were as follows (in thousands): | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Balance at beginning of period | $ | 6,592 | $ | 9,845 | |||||||||||||||||||||||||
Revenues deferred during the period | — | 2,600 | |||||||||||||||||||||||||||
Revenues recognized during the period | — | (5,927 | ) | ||||||||||||||||||||||||||
Balance at end of period | $ | 6,592 | $ | 6,518 | |||||||||||||||||||||||||
As of June 30, 2013, deferred revenues of $6.6 million were related to the time charter of several offshore support vessels scheduled to be paid through the conveyance of an overriding royalty interest (the "Conveyance") in developmental oil and gas producing properties operated by a customer in the U.S. Gulf of Mexico. Payments under the Conveyance, and the timing of such payments, are contingent upon production and energy sale prices. On August 17, 2012, the customer filed a voluntary petition for Chapter 11 bankruptcy. The Company is vigorously defending its interest in connection with the bankruptcy filing; however, payments received under the Conveyance subsequent to August 17, 2012 are subject to bankruptcy court approval. The Company will continue to recognize revenues as cash is received and approved by the bankruptcy court or earlier should future collection become reasonably assured. All costs and expenses related to these charters were recognized as incurred. | |||||||||||||||||||||||||||||
Accumulated Other Comprehensive Loss. The components of accumulated other comprehensive income (loss) were as follows: | |||||||||||||||||||||||||||||
SEACOR Holdings Inc. Stockholders Equity | Noncontrolling | ||||||||||||||||||||||||||||
Interests | |||||||||||||||||||||||||||||
Foreign | Derivative | Other | Total | Foreign | Other | Other | |||||||||||||||||||||||
Currency | Losses on | Currency | Comprehensive | ||||||||||||||||||||||||||
Translation | Cash Flow | Translation | Income (Loss) | ||||||||||||||||||||||||||
Adjustments | Hedges, net | Adjustments | |||||||||||||||||||||||||||
31-Dec-12 | $ | (1,238 | ) | $ | (732 | ) | $ | (16 | ) | $ | (1,986 | ) | $ | 321 | $ | (10 | ) | ||||||||||||
Distribution of Era Group stock to shareholders | (55 | ) | — | — | (55 | ) | — | — | |||||||||||||||||||||
Other comprehensive income (loss) | (4,086 | ) | 698 | — | (3,388 | ) | (452 | ) | — | $ | (3,840 | ) | |||||||||||||||||
Income tax (expense) benefit | 1,430 | (244 | ) | — | 1,186 | — | — | 1,186 | |||||||||||||||||||||
Six months ended June 30, 2013 | $ | (3,949 | ) | $ | (278 | ) | $ | (16 | ) | $ | (4,243 | ) | $ | (131 | ) | $ | (10 | ) | $ | (2,654 | ) | ||||||||
Reclassifications. Certain reclassifications of prior period information have been made to conform to the presentation of the current period information. These reclassifications had no effect on net income as previously reported. | |||||||||||||||||||||||||||||
Restatement of Interim Financial Results. In late February 2014, in connection with the Company’s year-end accounting review and preparation of its year-end financial statements, an error was discovered in the accounting for taxes related to the Spin-off of Era Group. The restatement of the Company's unaudited condensed consolidated financial statements in this Amendment No. 1 to the Original Filing is solely related to this error in accounting for taxes, the principal effect of which is an increase in the net loss from discontinued operations for the six months ended June 30, 2013 of $10.1 million (see Note 15). |
Fair_Value_Measurements
Fair Value Measurements | 6 Months Ended | |||||||||||||||
Jun. 30, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Fair Value Measurements | ' | |||||||||||||||
FAIR VALUE MEASUREMENTS | ||||||||||||||||
The fair value of an asset or liability is the price that would be received to sell an asset or transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Company utilizes a fair value hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value and defines three levels of inputs that may be used to measure fair value. Level 1 inputs are quoted prices in active markets for identical assets or liabilities. Level 2 inputs are observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, or inputs derived from observable market data. Level 3 inputs are unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. | ||||||||||||||||
The Company’s financial assets and liabilities as of June 30, 2013 that are measured at fair value on a recurring basis were as follows (in thousands): | ||||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||
ASSETS | ||||||||||||||||
Marketable securities(1) | $ | 27,264 | $ | — | $ | — | ||||||||||
Derivative instruments (included in other receivables) | 820 | 5,961 | — | |||||||||||||
Construction reserve funds and Title XI reserve funds | 150,375 | — | — | |||||||||||||
LIABILITIES | ||||||||||||||||
Short sale of marketable securities (included in other current liabilities) | 7,809 | — | — | |||||||||||||
Derivative instruments (included in other current liabilities) | 703 | 4,770 | — | |||||||||||||
______________________ | ||||||||||||||||
-1 | Marketable security gains, net include unrealized gains of $6.5 million and unrealized losses of $2.0 million for the three months ended June 30, 2013 and 2012, respectively, related to marketable security positions held by the Company as of June 30, 2013. Marketable security gains, net include unrealized gains of $10.5 million for the six months ended June 30, 2013, related to marketable security positions held by the Company as of June 30, 2013. Unrealized gains or losses for the six months ended June 30, 2012, related to marketable security positions held by the Company as of June 30, 2013 were not material. | |||||||||||||||
The estimated fair values of the Company’s other financial assets and liabilities as of June 30, 2013 were as follows (in thousands): | ||||||||||||||||
Estimated Fair Value | ||||||||||||||||
Carrying | Level 1 | Level 2 | Level 3 | |||||||||||||
Amount | ||||||||||||||||
ASSETS | ||||||||||||||||
Cash, cash equivalents and restricted cash | $ | 411,559 | $ | 411,559 | $ | — | $ | — | ||||||||
Investments, at cost, in 50% or less owned companies (included in other | 9,315 | see below | ||||||||||||||
assets) | ||||||||||||||||
Notes receivable from other business ventures (included in other | 21,674 | see below | ||||||||||||||
receivables and other assets) | ||||||||||||||||
LIABILITIES | ||||||||||||||||
Long-term debt, including current portion(1) | 699,553 | — | 813,568 | — | ||||||||||||
______________________ | ||||||||||||||||
-1 | The estimated fair value includes the conversion option on the Company's 2.5% Convertible Notes. | |||||||||||||||
The carrying value of cash, cash equivalents and restricted cash approximates fair value. The fair value of the Company’s long-term debt was estimated based upon quoted market prices or by using discounted cash flow analyses based on estimated current rates for similar types of arrangements. It was not practicable to estimate the fair value of the Company’s investments, at cost, in 50% or less owned companies because of the lack of quoted market prices and the inability to estimate fair value without incurring excessive costs. It was not practicable to estimate the fair value of the Company’s notes receivable from other business ventures as the overall returns are uncertain due to certain provisions for additional payments contingent upon future events. Considerable judgment was required in developing certain of the estimates of fair value and, accordingly, the estimates presented herein are not necessarily indicative of the amounts that the Company could realize in a current market exchange. | ||||||||||||||||
The Company’s non-financial assets and liabilities that were measured at fair value during the six months ended June 30, 2013 were as follows (in thousands): | ||||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||
ASSETS | ||||||||||||||||
Long-lived assets under construction(1) | $ | 17,494 | $ | — | $ | — | ||||||||||
Investment in C-Lift LLC(2) | — | 13,290 | — | |||||||||||||
______________________ | ||||||||||||||||
-1 | During the six months ended June 30, 2013, the Company recognized impairment charges of $3.0 million related to two of Shipping Services' harbor tugs while under construction, which were sold and leased back upon their completion (see Note 5). | |||||||||||||||
-2 | During the six months ended June 30, 2013, the Company marked its equity investment in C-Lift LLC ("C-Lift") to fair value following its acquisition of a controlling interest (see Note 4). The investment's fair value was determined based on the Company's purchase price of the acquired interest. |
Derivative_Instruments_And_Hed
Derivative Instruments And Hedging Strategies | 6 Months Ended | |||||||
Jun. 30, 2013 | ||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||
Derivative Instruments And Hedging Strategies | ' | |||||||
DERIVATIVE INSTRUMENTS AND HEDGING STRATEGIES | ||||||||
Derivative instruments are classified as either assets or liabilities based on their individual fair values. Derivative assets and liabilities are included in other receivables and other current liabilities, respectively, in the accompanying condensed consolidated balance sheets. The fair values of the Company’s derivative instruments as of June 30, 2013 were as follows (in thousands): | ||||||||
Derivative | Derivative | |||||||
Asset | Liability | |||||||
Options on equities and equity indices | $ | 415 | $ | — | ||||
Forward currency exchange, option and future contracts | 298 | 390 | ||||||
Interest rate swap agreements | — | 4,271 | ||||||
Commodity swap, option and future contracts: | ||||||||
Exchange traded | 554 | 703 | ||||||
Non-exchange traded | 5,514 | 109 | ||||||
$ | 6,781 | $ | 5,473 | |||||
Cash Flow Hedges. As of June 30, 2013, the Company had no interest rate swap agreements designated as cash flow hedges. As of June 30, 2013, one of the Company’s Offshore Marine Services 50% or less owned companies had an interest rate swap agreement maturing in 2015 that has been designated as a cash flow hedge. This instrument calls for the joint venture to pay a fixed interest rate of 1.48% on the amortized notional value of $17.5 million and receive a variable interest rate based on LIBOR on the amortized notional value. As of June 30, 2013, one of the Company’s Inland River Services 50% or less owned companies had four interest rate swap agreements with maturities ranging from 2013 through 2015 that have been designated as cash flow hedges. These instruments call for the joint venture to pay fixed rates of interest ranging from 1.53% to 4.16% on the aggregate amortized notional value of $38.8 million and receive a variable interest rate based on LIBOR on the aggregate amortized notional value. Additionally, as of June 30, 2013, one of the Company’s Shipping Services 50% or less owned companies had an interest rate swap agreement maturing in 2017 that has been designated as a cash flow hedge. The instrument calls for the joint venture to pay a fixed interest rate of 2.79% on the amortized notional value of $38.4 million and received a variable interest rate based on LIBOR on the amortized notional value. By entering into these interest rate swap agreements, the Company's joint ventures have converted the variable LIBOR component of certain of their outstanding borrowings to a fixed interest rate. | ||||||||
The Company recognized gains (losses) on derivative instruments designated as cash flow hedges for the six months ended June 30 as follows (in thousands): | ||||||||
2013 | 2012 | |||||||
Interest rate swap agreements, effective portion in other comprehensive income (loss) | $ | 380 | $ | (671 | ) | |||
Interest rate swap agreements, ineffective portion in derivative gains (losses), net | — | (19 | ) | |||||
$ | 380 | $ | (690 | ) | ||||
Other Derivative Instruments. The Company recognized gains (losses) on derivative instruments not designated as hedging instruments in derivative gains (losses), net for the six months ended June 30 as follows (in thousands): | ||||||||
2013 | 2012 | |||||||
Options on equities and equity indices | $ | (3,012 | ) | $ | (910 | ) | ||
Forward currency exchange, option and future contracts | (592 | ) | 373 | |||||
Interest rate swap agreements | 237 | (237 | ) | |||||
Commodity swap, option and future contracts: | ||||||||
Exchange traded | (821 | ) | (1,863 | ) | ||||
Non-exchange traded | 1,256 | 2,252 | ||||||
$ | (2,932 | ) | $ | (385 | ) | |||
The Company, from time to time, holds positions in publicly traded equity options that convey the right or obligation to engage in a future transaction on the underlying equity security or index. The Company’s investment in equity options primarily includes positions in energy, marine, transportation and other related businesses. These contracts are typically entered into to mitigate the risk of changes in the market value of marketable security positions that the Company is either about to acquire, has acquired or is about to dispose of. | ||||||||
The Company enters and settles forward currency exchange, option and future contracts with respect to various foreign currencies. As of June 30, 2013, the outstanding forward currency exchange contracts translated into a net purchase of foreign currencies with an aggregate U.S. dollar equivalent of $13.1 million. These contracts enable the Company to buy currencies in the future at fixed exchange rates, which could offset possible consequences of changes in currency exchange rates with respect to the Company’s business conducted outside of the United States. The Company generally does not enter into contracts with forward settlement dates beyond twelve to eighteen months. | ||||||||
The Company has entered into various interest rate swap agreements with maturities ranging from 2013 through 2018 that call for the Company to pay fixed interest rates ranging from 2.25% to 3.05% on an aggregate amortized notional value of $221.1 million (including an amortized notional value of €10.9 million or $14.4 million) and receive a variable interest rate based on LIBOR on these notional values. In addition, one of the Company’s Offshore Marine Services 50% or less owned companies has entered into an interest rate swap agreement maturing in 2018 that calls for the joint venture to pay a fixed interest rate of 1.30% on the amortized notional value of $108.0 million and receive a variable interest rate based on LIBOR on the amortized notional value. The general purpose of these interest rate swap agreements is to provide protection against increases in interest rates, which might lead to higher interest costs for the Company or its joint venture. | ||||||||
The Company enters and settles positions in various exchange and non-exchange traded commodity swap, option and future contracts. The Company's ethanol and industrial alcohol manufacturing facility enters into exchange traded positions (primarily corn) to protect its raw material and finished goods inventory balance from market changes. In the Company’s agricultural trading business, fixed price future purchase and sale contracts for sugar are included in the Company’s non-exchange traded derivative positions. The Company enters into exchange traded positions to protect these purchase and sale contracts as well as its inventory balances from market changes. As of June 30, 2013, the net market exposure to corn and sugar under these contracts was not material. The Company also enters into exchange traded positions (primarily natural gas, heating oil, crude oil, gasoline, corn and sugar) to provide value to the Company should there be a sustained decline in the price of commodities that could lead to a reduction in the market values and cash flows of the Company’s Offshore Marine Services, Inland River Services and Shipping Services businesses. As of June 30, 2013, these positions were not material. |
Business_Acquisitions
Business Acquisitions | 6 Months Ended | |||
Jun. 30, 2013 | ||||
Business Combinations [Abstract] | ' | |||
Business Acquisitions | ' | |||
BUSINESS ACQUISITIONS | ||||
C-Lift Acquisition. On June 6, 2013, the Company acquired a 100% controlling interest in C-Lift through the acquisition of its partner's 50% interest for $12.7 million in cash subject to certain working capital adjustments (see Note 6). C-Lift owns and operates two liftboats in the U.S. Gulf of Mexico. The Company performed a fair value analysis and the purchase price was allocated to the acquired assets and liabilities based on their fair values resulting in no goodwill being recorded. The preliminary fair value analysis is pending completion of a final valuation for the acquired assets and liabilities. | ||||
Pantagro Acquisition. On June 25, 2012, the Company acquired a 95% controlling interest in Pantagro-Pantanal Produtos Agropecuarious Ltda. ("Pantagro") for $0.4 million ($0.2 million in cash and $0.2 million in a note payable). Pantagro is an Argentine agricultural trading company focusing primarily on salt. The Company performed a fair value analysis and the purchase price was allocated to the acquired assets and liabilities based on their fair values resulting in no goodwill being recorded. The fair value analysis was finalized in March 2013. | ||||
Superior Lift Boats Acquisition. On March 30, 2012, the Company acquired 18 lift boats, real property and working capital from Superior Energy Inc. (“Superior”) for $142.5 million. The Company performed a fair value analysis and the purchase price was allocated to the acquired assets and liabilities based on their fair values resulting in no goodwill being recorded. The fair value analysis was finalized in March 2013. | ||||
Purchase Price Allocation. The following table summarizes the allocation of the purchase price for the Company’s business acquisitions during the six months ended June 30, 2013 (in thousands): | ||||
Trade and other receivables | $ | 3,250 | ||
Other current assets | 32 | |||
Investments, at Equity, and Advances to 50% or Less Owned Companies | (13,290 | ) | ||
Property and Equipment | 43,521 | |||
Intangible Assets | 1,599 | |||
Accounts payable | (264 | ) | ||
Other current liabilities | (1,640 | ) | ||
Long-Term Debt | (22,668 | ) | ||
Purchase price(1) | $ | 10,540 | ||
______________________ | ||||
-1 | Purchase price is net of cash acquired of $2.2 million. |
Equipment_Acquisitions_Disposi
Equipment Acquisitions, Dispositions and Depreciation and Impairment Policies | 6 Months Ended | |||||||
Jun. 30, 2013 | ||||||||
Equipment Acquisitions, Dispositions And Depreciation And Impairment Policies [Abstract] | ' | |||||||
Equipment Acquisitions, Dispositions and Depreciation and Impairment Policies | ' | |||||||
EQUIPMENT ACQUISITIONS, DISPOSITIONS AND DEPRECIATION AND IMPAIRMENT POLICIES | ||||||||
During the six months ended June 30, 2013, capital expenditures were $87.9 million. Equipment deliveries during the period included one specialty offshore support vessel, two liftboats, two wind farm utility vessels, two liquid tank barges and three U.S.-flag harbor tugs. | ||||||||
During the six months ended June 30, 2013, the Company sold two crew boats, one mini-supply vessel, one supply vessel, one specialty offshore support vessel, three liftboats, sixteen dry-cargo barges, eight liquid tank barges, two U.S.-flag harbor tugs and other property and equipment for net proceeds of $132.4 million ($125.1 million in cash, $0.2 million in vendor credits and $7.1 million in seller financing) and gains of $15.2 million, of which $12.9 million were recognized currently and $2.3 million were deferred. In addition, the Company recognized previously deferred gains of $1.4 million. The specialty offshore support vessel and the supply vessel were sold to certain of the Company's Offshore Marine Services' joint ventures for $60.5 million (see Note 6). During the six months ended June 30, 2013, the Company also received $0.3 million in deposits on future equipment sales. | ||||||||
The Company has sold certain equipment to 50% or less owned companies, entered into vessel sale-leaseback transactions with finance companies, and provided seller financing on sales of its equipment to third parties and its 50% or less owned companies. A portion of the gains realized from these transactions were deferred and recorded in deferred gains and other liabilities in the accompanying condensed consolidated balance sheets. Deferred gain activity related to these transactions for the six months ended June 30 was as follows (in thousands): | ||||||||
2013 | 2012 | |||||||
Balance at beginning of period | $ | 111,514 | $ | 117,192 | ||||
Deferred gains arising from asset sales | 2,289 | 7,280 | ||||||
Amortization of deferred gains included in operating expenses as a reduction to rental expense | (5,192 | ) | (9,526 | ) | ||||
Amortization of deferred gains included in gains on asset dispositions and impairments, net | (1,431 | ) | (2,039 | ) | ||||
Balance at end of period | $ | 107,180 | $ | 112,907 | ||||
Equipment, stated at cost, is depreciated using the straight-line method over the estimated useful life of the asset to an estimated salvage value. With respect to each class of asset, the estimated useful life is based upon a newly built asset being placed into service and represents the point at which it is typically not justifiable for the Company to continue to operate the asset in the same or similar manner. From time to time, the Company may acquire older assets that have already exceeded the Company’s useful life policy, in which case the Company depreciates such assets based on its best estimate of remaining useful life, typically the next survey or certification date. | ||||||||
As of June 30, 2013, the estimated useful life (in years) of each of the Company’s major categories of new equipment was as follows: | ||||||||
Offshore support vessels (excluding wind farm utility) | 20 | |||||||
Wind farm utility vessels | 10 | |||||||
Inland river dry cargo and deck barges | 20 | |||||||
Inland river liquid tank barges | 25 | |||||||
Inland river towboats | 25 | |||||||
U.S.-flag product tankers | 25 | |||||||
RORO(1) vessels | 20 | |||||||
Harbor tugs | 25 | |||||||
Ocean liquid tank barges | 25 | |||||||
Terminal and manufacturing facilities | 20 | |||||||
______________________ | ||||||||
-1 | Roll on/Roll off ("RORO"). | |||||||
The Company performs an impairment analysis of long-lived assets used in operations, including intangible assets, when indicators of impairment are present. If the carrying value of the assets is not recoverable, as determined by the estimated undiscounted cash flows, the carrying value of the assets is reduced to fair value. Generally, fair value is determined using valuation techniques, such as expected discounted cash flows or appraisals, as appropriate. During the six months ended June 30, 2013, the Company recognized impairment charges of $3.0 million related to two of Shipping Services' harbor tugs while under construction, which were sold and leased back upon their completion. |
Investments_At_Equity_And_Adva
Investments, At Equity, And Advances To 50% Or Less Owned Companies | 6 Months Ended |
Jun. 30, 2013 | |
Equity Method Investment, Summarized Financial Information [Abstract] | ' |
Investments, At Equity, And Advances To 50% Or Less Owned Companies | ' |
INVESTMENTS, AT EQUITY, AND ADVANCES TO 50% OR LESS OWNED COMPANIES | |
C-Lift. C-Lift was a 50-50 joint venture established to construct and operate liftboats. On June 6, 2013, the Company acquired a 100% controlling interest in C-Lift through its acquisition of its partner's 50% interest for $12.7 million in cash subject to certain working capital adjustments (see Note 4). Upon the acquisition, the Company adjusted its investment in C-Lift to fair value resulting in the recognition of a gain of $4.2 million, net of tax, which is included in equity in earnings of 50% or less owned companies in the accompanying condensed consolidated statements of income. | |
Sea-Cat Crewzer II. On January 23, 2013 the Company and another offshore support vessel operator formed Sea-Cat Crewzer II LLC (“Sea-Cat Crewzer II”), a 50-50 joint venture to own and operate two high speed offshore catamaran crew boats. Upon formation, the Company and its partner each contributed capital of $11.5 million in cash. Sea-Cat Crewzer II then immediately purchased one high speed offshore catamaran crew boat from the Company for $24.1 million ($23.0 million in cash and $1.1 million in seller financing). | |
MexMar. During the six months ended June 30, 2013, the Company made an additional cash investment of $5.9 million in Mantenimiento Express Maritimo, S.A.P.I. de C.V. ("MexMar"), an Offshore Marine Services Mexican joint venture. During the six months ended June 30, 2013, MexMar purchased one offshore support vessel from the Company for $36.4 million ($30.4 million in cash and $6.0 million in seller financing). During the six months ended June 30, 2013, MexMar repaid the $6.0 million of seller financing and the Company provided an additional $1.7 million advance for the purchase of another offshore support vessel. | |
SCFCo Holdings. SCFCo Holdings LLC (“SCFCo”) was established to operate towboats and dry cargo barges on the Parana-Paraguay Rivers and a terminal facility at Port Ibicuy, Argentina. During the six months ended June 30, 2013, the Company contributed additional capital of $2.9 million to fund SCFCo’s operations, provided net temporary working capital advances of $1.8 million and received working capital repayments of $1.8 million. As of June 30, 2013, the total outstanding balance of working capital advances was $2.3 million. | |
Bunge-SCF Grain. Bunge-SCF Grain LLC (“Bunge-SCF Grain”) was established to construct and operate a terminal grain elevator in Fairmont City, Illinois. During the six months ended June 30, 2013, the Company and its partner each made a working capital advance of $2.5 million to Bunge-SCF Grain and received $0.5 million of repayments on working capital advances. As of June 30, 2013, the total outstanding balance of working capital advances was $7.0 million. | |
Witt O'Brien's. During the six months ended June 30, 2013, the Company received dividends of $1.2 million from Witt O'Brien's LLC. | |
Other. During the six months ended June 30, 2013, the Company made a $0.5 million capital contribution to one of its industrial aviation businesses in Asia and received dividends of $0.4 million from certain offshore marine services joint ventures. | |
Subsequent to June 30, 2013, the Company contributed $42.1 million in net cash and other consideration valued at $14.9 million that included certain progress payments made toward the construction of two Liquefied Petroleum Gas tankers (Very Large Gas Carriers, otherwise known as "VLGC's"), the construction contracts for the two VLGC's and the related options to construct additional VLGC's to Dorian LPG Ltd. in exchange for a noncontrolling ownership interest. | |
Guarantees. The Company has guaranteed the payment of amounts owed by one of its joint ventures under a vessel charter and has guaranteed amounts owed under banking facilities by certain of its joint ventures. As of June 30, 2013, the total amount guaranteed by the Company under these arrangements was $14.9 million. In addition, as of June 30, 2013, the Company had uncalled capital commitments to two of its joint ventures for a total of $2.4 million. |
Commitments_And_Contingencies
Commitments And Contingencies | 6 Months Ended |
Jun. 30, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments And Contingencies | ' |
COMMITMENTS AND CONTINGENCIES | |
As of June 30, 2013, the Company’s unfunded capital commitments were $150.1 million and included: 17 offshore support vessels for $128.2 million; two inland river liquid tank barges for $2.9 million; five inland river towboats for $10.9 million; one U.S.-flag harbor tug for $1.6 million and other equipment and improvements for $6.5 million. Of these commitments, $55.6 million is payable during the remainder of 2013 with the balance payable through 2015. These unfunded capital commitments exclude $139.4 million related to two VLGC's that the Company's Shipping Services business segment committed to construct during the six months ended June 30, 2013. Subsequent to June 30, 2013, the Company contributed $42.1 million in net cash and other consideration valued at $14.9 million that included certain progress payments made toward the construction of the two VLGC's, the construction contracts for the VLGC's and the related options to construct additional VLGC's to Dorian LPG Ltd. in exchange for a noncontrolling ownership interest (see Note 6). | |
On July 14, 2010, a group of individuals and entities purporting to represent a class commenced a civil action in the U.S. District Court for the Eastern District of Louisiana, Terry G. Robin, et al. v. Seacor Marine, L.L.C., et al., No. 2:10-CV-01986 (E.D. La.) (the “Robin Case”), in which they asserted that support vessels, including vessels owned by the Company, responding to the explosion and resulting fire that occurred aboard the semi-submersible drilling rig, the Deepwater Horizon, were negligent in their efforts to save lives and put out the fire and contributed to the sinking of the Deepwater Horizon and subsequent oil spill. The action was part of the overall multi-district litigation, In re Oil Spill by the Oil Rig “Deepwater Horizon”, MDL No. 2179 (“MDL”). The complaint sought compensatory, punitive, exemplary, and other damages. In response to this lawsuit, the Company filed petitions seeking exoneration from, or limitation of liability in relation to, any actions that may have been taken by vessels owned by the Company to extinguish the fire. On June 8, 2011, the Company moved to dismiss these claims (with the exception of one claim filed by a Company employee) on various legal grounds. On October 12, 2011, the Court granted the Company's motion to dismiss in its entirety, dismissing with prejudice all claims that had been filed against the Company in the limitation actions (with the exception of one claim filed by a Company employee that was not subject to the motion to dismiss). The Court entered final judgments in favor of the Company in the Robin Case and each of the limitation actions on November 21, 2011. On December 12, 2011, the claimants appealed each of those judgments to the U.S. Court of Appeals for the Fifth Circuit ("Fifth Circuit"). The claimants' opening brief was submitted on May 7, 2012, and the claimants filed a reply brief on June 1, 2012. Oral argument was not requested by the Fifth Circuit. On December 13, 2012, the Fifth Circuit affirmed the judgment of the district court. The claimants have not petitioned the United States Supreme Court for a writ of certiorari and their deadline to do so has expired. | |
With respect to the one claim filed by a Company employee, that individual also commenced a separate action in the MDL entitled DuWayne Mason v. Seacor Marine, LLC, No. 2:11-CV-00826 (E.D. La.), in which he alleges sustaining personal injuries not only in connection with responding to the explosion and fire, but also in the months thereafter in connection with the clean-up of oil and dispersants while a member of the crew of the M/V Seacor Vanguard. Although the case is subject to the MDL Court's stay of individual proceedings, on July 16, 2012 the employee sought to sever his case from the MDL. On March 5, 2013, the Court denied the motion, and on April 2, 2013, the employee filed a motion asking the Court to reconsider. The Company filed its response opposing the employee's motion on April 30, 2013, and on May 3, 2013, the Court denied the motion. On May 22, 2013, the employee filed a Notice of Appeal to the Fifth Circuit. On July 24, 2013, the Company filed a motion to dismiss for lack of appellate jurisdiction. The Company intends to vigorously defend the action should it ever proceed and the responsible party has agreed, subject to certain potential limitations, to indemnify and defend the Company in connection with this matter. Although the Company is unable to estimate the potential exposure, if any, resulting from this matter, the Company does not expect it will have a material effect on the Company's consolidated financial position or its results of operations. | |
On July 20, 2010, two individuals purporting to represent a class commenced a civil action in the Civil District Court for the Parish of Orleans in the State of Louisiana, John Wunstell, Jr. and Kelly Blanchard v. BP, et al., No. 2010-7437 (Division K) (the “Wunstell Action”), in which they assert, among other theories, that Mr. Wunstell suffered injuries as a result of his exposure to certain noxious fumes and chemicals in connection with the provision of remediation, containment and response services by O'Brien's Response Management Inc. ("ORM"), a subsidiary of the Company prior to the ORM Transaction (as defined in the Company's Annual Report on Form 10-K for the year ended December 31, 2012). The action now is part of the overall MDL. The complaint also seeks to establish a “class-wide court-supervised medical monitoring program” for all individuals “participating in BP's Deepwater Horizon Vessels of Opportunity Program and/or Horizon Response Program” who allegedly experienced injuries similar to those of Mr. Wunstell. The Company believes this lawsuit has no merit and will continue to vigorously defend the action and pursuant to contractual agreements with the responsible party, the responsible party has agreed, subject to certain potential limitations, to indemnify and defend ORM in connection with the Wunstell Action and claims asserted in the MDL, discussed further below. Although the Company is unable to estimate the potential exposure, if any, resulting from this matter, the Company does not expect it will have a material effect on the Company's consolidated financial position or its results of operations. | |
On December 15, 2010, ORM and National Response Corporation ("NRC"), subsidiaries of the Company prior to the ORM Transaction and SES Business Transaction (as defined in the Company's Annual Report on Form 10-K for the year ended December 31, 2012), respectively, were named as defendants in one of the several consolidated “master complaints” that have been filed in the overall MDL. The master complaint naming ORM and NRC asserts various claims on behalf of a putative class against multiple defendants concerning the clean-up activities generally, and the use of dispersants specifically. By court order, the Wunstell Action has been stayed as a result of the filing of the referenced master complaint. The Company believes that the claims asserted against ORM and NRC in the master complaint have no merit and on February 28, 2011, ORM and NRC moved to dismiss all claims against them in the master complaint on legal grounds. On September 30, 2011, the Court granted in part and denied in part the motion to dismiss that ORM and NRC had filed (an amended decision was issued on October 4, 2011 that corrected several grammatical errors and non-substantive oversights in the original order). Although the Court refused to dismiss the referenced master complaint in its entirety at that time, the Court did recognize the validity of the “derivative immunity” and “implied preemption” arguments that ORM and NRC advanced and directed ORM and NRC to (i) conduct limited discovery to develop evidence to support those arguments and (ii) then re-assert the arguments. The Court did, however, dismiss all state-law claims and certain other claims that had been asserted in the referenced master complaint, and dismissed the claims of all plaintiffs that have failed to allege a legally-sufficient injury. A schedule for limited discovery and motion practice was established by the Court and, in accordance with that schedule, ORM and NRC filed for summary judgment re-asserting their derivative immunity and implied preemption arguments on May 18, 2012. Those motions were argued on July 13, 2012 and are still pending decision. In addition to the indemnity provided to ORM, pursuant to contractual agreements with the responsible party, the responsible party has agreed, subject to certain potential limitations, to indemnify and defend ORM and NRC in connection with these claims in the MDL. Although the Company is unable to estimate the potential exposure, if any, resulting from this matter, the Company does not expect it will have a material effect on the Company's consolidated financial position or its results of operations. | |
Subsequent to the filing of the referenced master complaint, nine additional individual civil actions have been filed in or removed to the U.S. District Court for the Eastern District of Louisiana concerning the clean-up activities generally, which name the Company, ORM and/or NRC as defendants or third-party defendants and are part of the overall MDL. On April 8, 2011, ORM was named as a defendant in Johnson Bros. Corporation of Louisiana v. BP, PLC, et al., No. 2:11-CV-00781 (E.D. La.), which is a suit by an individual business seeking damages allegedly caused by a delay on a construction project alleged to have resulted from the clean-up operations. On April 15, 2011, ORM and NRC were named as defendants in James and Krista Pearson v. BP Exploration & Production, Inc. ("BP Exploration"), et al., No. 2:11-CV-00863 (E.D. La.), which is a suit by a husband and wife, who allegedly participated in the clean-up effort and are seeking damages for personal injury, property damage to their boat, and amounts allegedly due under contract. On April 15, 2011, ORM and NRC were named as defendants in Thomas Edward Black v. BP Exploration, et al., No. 2:11-CV-00867 (E.D. La.), which is a suit by an individual who is seeking damages for lost income because he allegedly could not find work in the fishing industry after the oil spill. On April 20, 2011, a complaint was filed in Darnell Alexander, et al. v. BP, PLC, et al., No. 2:11-CV-00951 (E.D. La.) on behalf of 117 individual plaintiffs that seek to adopt the allegations made in the referenced master complaint against ORM and NRC (and the other defendants). Plaintiffs in this matter have been since been granted leave to amend their complaint to include 410 additional individual plaintiffs. On October 3, 2012, ORM and NRC were served with a Rule 14(c) Third-Party Complaint by Jambon Supplier II, L.L.C. and Jambon Marine Holdings L.L.C. in their Limitation of Liability action, In the Matter of Jambon Supplier II, L.L.C., et al., No. 2:12-CV-00426 (E.D. La.). This Third-Party Complaint alleges that if claimant David Dinwiddie, who served as a clean-up crewmember aboard the M/V JAMBON SUPPLIER II vessel during the clean-up efforts, was injured as a result of his exposure to dispersants and chemicals during the course and scope of his employment, then said injuries were caused by the third-party defendants. On November 25, 2012, ORM was named as a defendant in Victoria Sanchez v. American Pollution Control Corp. et al., No. 2:12-CV-00164 (E.D. La.), a maritime suit filed by an individual who allegedly participated in the clean-up effort and sustained personal injuries during the course of such employment. On December 17, 2012, the Court unsealed a False Claims Act lawsuit naming ORM as a defendant, Dillon v. BP, PLC et al., No. 2:12-CV-00987 (E.D. La.)., which is a suit by an individual seeking damages and penalties arising from alleged false reports and claims made to the federal government with respect to the amount of oil burned and dispersed during the clean-up. The federal government has declined to intervene in this suit. On April 8, 2013, the Company, ORM, and NRC were named as defendants in William and Dianna Fitzgerald v. BP Exploration et al., No. 2:13-CV-00650 (E.D. La.), which is a suit by a husband and wife whose son allegedly participated in the clean-up effort and became ill as a result of his exposure to oil and dispersants. Finally, on April 17, 2013, ORM was named as a defendant in Danos et al. v. BP America Production Co. et al., No. 2:13-CV-03747 (removed to E.D. La.), which is a suit by eight individuals seeking damages for dispersant exposure either as a result of their work during clean-up operations or as a result of their residence in the Gulf. By court order, all nine of these additional individual cases have been stayed until further notice. The Company is unable to estimate the potential exposure, if any, resulting from these matters but believes they are without merit and does not expect that they will have a material effect on its consolidated financial position or its results of operations. | |
On February 18, 2011, Triton Asset Leasing GmbH, Transocean Holdings LLC, Transocean Offshore Deepwater Drilling Inc., and Transocean Deepwater Inc. (collectively “Transocean”) named ORM and NRC as third-party defendants in a Rule 14(c) Third-Party Complaint in Transocean's own Limitation of Liability Act action, which is part of the overall MDL, tendering to ORM and NRC the claims in the referenced master complaint that have already been asserted against ORM and NRC. Transocean, Cameron International Corporation, Halliburton Energy Services, Inc., and M-I L.L.C. also filed cross-claims against ORM and NRC for contribution and tort indemnity should they be found liable for any damages in Transocean's Limitation of Liability Act action and ORM and NRC have asserted counterclaims against those same parties for identical relief. Weatherford U.S., L.P. and Weatherford International, Inc. (collectively "Weatherford") had also filed cross-claims against ORM and NRC, but recently moved to voluntarily dismiss these cross-claims without prejudice. The Court granted Weatherford's motion on February 8, 2013. As indicated above, the Company is unable to estimate the potential exposure, if any, resulting from these actions but believes they are without merit and does not expect that these matters will have a material effect on its consolidated financial position or its results of operations. | |
On November 16, 2012, 668 individuals who served as beach clean-up workers in Escambia County, Florida during the Deepwater Horizon oil spill response commenced a civil action in the Circuit Court for the First Judicial Circuit of Florida, in and for Escambia County, Abney et al. v. Plant Performance Services, LLC et al., No. 2012-CA-002947, in which they allege, among other things, that ORM and other defendants engaged in the contamination of Florida waters and beaches in violation of Florida Statutes Chapter 376 and injured the plaintiffs by exposing them to dispersants during the course and scope of their employment. The case was removed to the U.S. District Court for the Northern District of Florida on January 13, 2013, Abney et al. v. Plant Performance Services, LLC et la., No. 3:13-CV-00024 (N.D. Fla.), and on January 16, 2013, the United States Judicial Panel on Multidistrict Litigation (“JPML”) issued a Conditional Transfer Order (“CTO”) transferring the case to the MDL, subject to any timely-filed notice of objection from the plaintiffs. Upon receipt of a notice of objection from the plaintiffs, a briefing schedule was set by the JPML, and so a stay of proceedings and suspension of deadlines was sought and obtained by the Court in the U.S. District Court for the Northern District of Florida. Following briefing before the JPML, the case was transferred to the U.S. District Court for the Eastern District of Louisiana and consolidated with the MDL on April 2, 2013. On April 22, 2013, a companion case to this matter was filed in the U.S. District Court for the Northern District of Florida, Abood et al. v. Plant Performance Services, LLC et al., No. 3:13-CV-00284 (N.D. Fla.), which alleges identical allegations against the same parties but names an additional 174 plaintiffs, all of whom served as clean-up workers in various Florida counties during the Deepwater Horizon oil spill response. A CTO was issued by the JPML on May 2, 2013, no objection was filed by the plaintiffs, and the case was transferred to the U.S. District Court for the Eastern District of Louisiana and consolidated with the MDL on May 10, 2013. By court order, both of these matters have been stayed until further notice. The Company is unable to estimate the potential exposure, if any, resulting from these matters but believes they are without merit and does not expect that these matters will have a material effect on its consolidated financial position or its results of operations. | |
Separately, on March 2, 2012, the Court announced that BP Exploration and BP America Production Company ("BP America") (collectively "BP") and the plaintiffs had reached an agreement on the terms of two proposed class action settlements that will resolve, among other things, plaintiffs' economic loss claims and clean-up related claims against BP. The parties filed their proposed settlement agreements on April 18, 2012 along with motions seeking preliminary approval of the settlements. The Court held a hearing on April 25, 2012 to consider those motions and preliminarily approved both settlements on May 2, 2012. A final fairness hearing took place on November 8, 2012. The Court granted final approval to the Economic and Property Damages Class Action Settlement on December 21, 2012, and granted final approval to the Medical Benefits Class Action Settlement on January 11, 2013. Both class action settlements are currently on appeal to the Fifth Circuit. Although neither the Company, ORM, or NRC are parties to the settlement agreements, the Company, ORM, and NRC are listed as released parties on the releases accompanying both settlement agreements. As the releases for both settlements have been deemed valid and enforceable by the district court, if the Fifth Circuit affirms these decisions, class members who did not file timely requests for exclusion will be barred from pursuing economic loss, property damage, personal injury, medical monitoring, and/or other released claims against the Company, ORM, and NRC. At this time, the Company expects these settlements to reduce ORM's potential exposure, if any, from some of the pending actions described above, and continues to evaluate the settlements' impacts on these cases. | |
On January 29, 2013, HEPACO, LLC ("HEPACO"), served a demand for arbitration upon ORM, in which HEPACO claims that ORM owes HEPACO an additional fee of $20,291,178.92 under the parties' Management Services Agreement (“MSA”), dated June 1, 2010. According to HEPACO, the MSA requires ORM to pay HEPACO an additional fee of 30% of total charges paid under the MSA ("Surcharge") to compensate HEPACO for U.S. Longshoremen's and Harbor Workers' insurance or Jones Act insurance and related risks attendant to the work when contract requires labor to be performed over, adjoining and/or in water. ORM denies liability for the Surcharge, intends to vigorously defend against the claim, and has sought indemnity for any resulting judgment and related attorneys fees from BP America and BP Exploration. ORM has advised BP that, pursuant to the Bridge Agreement HOU-WL4-3066 between BP and ORM, effective as of June 1, 2010, under which ORM managed and oversaw, for BP, subcontractors, such as HEPACO, in connection with on-shore services related to the BP Deepwater Horizon oil spill, BP ultimately is responsible for the payment of the Surcharge should HEPACO be determined to be entitled to recover it under the MSA. | |
ORM is defending against three collective action lawsuits, each asserting failure to pay overtime with respect to individuals who provided service on the Deepwater Horizon spill response (the “DPH FLSA Actions”) under the Fair Labor Standards Act (“FLSA”). These cases - Dennis Prejean v. O'Brien's Response Management Inc. (E.D. La., Case No.: 2:12-cv-01045) (the “Prejean Action”); Baylor Singleton et. al. v. O'Brien's Response Management Inc. et. al. (E.D. La., Case No.: 2:12-cv-01716) (the “Singleton Action”); and Himmerite et al. v. O'Brien's Response Management Inc. et al. (E.D. La., Case No.: 2:12-cv-01533) (the “Himmerite Action”) - were each brought on behalf of certain individuals who worked on the Deepwater Horizon oil spill response and who were classified as independent contractors. The Prejean, Himmerite and Singleton Actions were each filed in the United States District Court for the Eastern District of Louisiana and then subsequently consolidated with the overall MDL. The Himmerite and Singleton Actions have since been automatically stayed pending further scheduling by the Court, pursuant to the procedures in the MDL. In the Prejean Action, ORM has answered the complaint, a scheduling order has been issued, and plaintiffs have, among other things, filed a Motion for Conditional Certification to which ORM's response is due by August 22, 2013. The limitations periods for potential plaintiffs to opt-in to the Prejean, Himmerite and Singleton actions have all been tolled pending further action by the Court. The Company is unable to estimate the potential exposure, if any, resulting from any of these DPH FLSA Actions, but believes they are without merit and will continue to vigorously defend against them. | |
In the course of the Company's business, it may agree to indemnify the counterparty to an agreement. If the indemnified party makes a successful claim for indemnification, the Company would be required to reimburse that party in accordance with the terms of the indemnification agreement. Indemnification agreements generally are subject to threshold amounts, specified claim periods and other restrictions and limitations. | |
In connection with the SES Business Transaction and the ORM Transaction, the Company remains contingently liable for certain indemnification obligations, including potential liabilities relating to work performed in connection with the Deepwater Horizon oil spill response. In the case of the SES Business Transaction, such potential liabilities may not exceed the purchase consideration received by the Company for the SES Business Transaction and in the case of the ORM Transaction, are subject to a negotiated cap. The Company currently is indemnified under contractual agreements with BP with respect to such potential liabilities. | |
In the normal course of its business, the Company becomes involved in various other litigation matters including, among other things, claims by third parties for alleged property damages and personal injuries. Management has used estimates in determining the Company's potential exposure to these matters and has recorded reserves in its financial statements related thereto where appropriate. It is possible that a change in the Company's estimates of that exposure could occur, but the Company does not expect such changes in estimated costs would have a material effect on the Company's consolidated financial position or its results of operations. |
Multiemployer_Pension_Plans
Multiemployer Pension Plans | 6 Months Ended |
Jun. 30, 2013 | |
Compensation and Retirement Disclosure [Abstract] | ' |
Multiemployer Pension Plans | ' |
MULTI-EMPLOYER PENSION PLANS | |
During the six months ended June 30, 2013, the Company received notification from the American Maritime Officers Pension Plan (the "AMOPP”) that based on an actuarial valuation performed as of September 30, 2012, if the Company chooses to withdraw from the AMOPP, its withdrawal liability will be $45.6 million. That liability may change in future years based on various factors, primarily employee census. As of June 30, 2013, the Company has no intention to withdraw from the AMOPP and no deficit amounts have been invoiced. Depending upon the results of the future actuarial valuations and the ten-year rehabilitation plan, it is possible that the AMOPP will experience further funding deficits, requiring the Company to recognize additional payroll related operating expenses in the periods invoices are received or contribution levels are increased. | |
During the six months ended June 30, 2013, the Company also received notification from the United Kingdom Merchant Navy Officers Pension Fund ("MNOPF") that the results of a 2012 actuarial valuation indicated that an additional net funding deficit of $182.6 million (£120.0 million) had developed since the previous actuarial valuation in 2009 and the Company's allocable share of the additional deficit is $2.7 million (£1.8 million). The Company will recognize additional payroll related operating expenses in the period the deficit invoice is received from the MNOPF, which is expected to be before the end of 2013. Depending upon the results of the future actuarial valuations, it is possible that the MNOPF will experience further funding deficits, requiring the Company to recognize additional payroll related operating expenses in the periods invoices are received. |
LongTerm_Debt_and_Capital_Leas
Long-Term Debt and Capital Lease Obligations | 6 Months Ended |
Jun. 30, 2013 | |
Long-term Debt and Capital Lease Obligations [Abstract] | ' |
Long-Term Debt and Capital Lease Obligations | ' |
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS | |
As of June 30, 2013, the remaining availability under the SEACOR revolving credit facility was $359.0 million, net of issued letters of credit of $1.0 million. In addition, as of June 30, 2013, the Company had other outstanding letters of credit totaling $27.1 million with various expiration dates through 2016. | |
During the six months ended June 30, 2013, the Company made scheduled payments on other long-term debt and capital lease obligations of $10.0 million and made net repayments of $2.4 million under inventory financing arrangements. | |
SEACOR’s Board of Directors has previously authorized the Company to purchase any or all of its 7.375% Senior Notes due 2019, which may be acquired through open market purchases, privately negotiated transactions or otherwise, depending on market conditions. During the six months ended June 30, 2013, the Company did not repurchase any of its 7.375% Senior Notes due 2019. |
Stock_Repurchases
Stock Repurchases | 6 Months Ended |
Jun. 30, 2013 | |
Stock Repurchases [Abstract] | ' |
Stock Repurchases [Text Block] | ' |
STOCK REPURCHASES | |
SEACOR’s Board of Directors previously approved a securities repurchase plan that authorizes the Company to acquire Common Stock, which may be acquired through open market purchases, privately negotiated transactions or otherwise, depending on market conditions. During the six months ended June 30, 2013, the Company did not acquire any shares of Common Stock for treasury. As of June 30, 2013, the remaining authority under the repurchase plan was $100.0 million. |
Earnings_Per_Common_Share_of_S
Earnings Per Common Share of SEACOR | 6 Months Ended | |||||||||||||||||||||
Jun. 30, 2013 | ||||||||||||||||||||||
Earnings Per Common Share of SEACOR [Abstract] | ' | |||||||||||||||||||||
Earnings Per Common Share of SEACOR | ' | |||||||||||||||||||||
EARNINGS PER COMMON SHARE OF SEACOR | ||||||||||||||||||||||
Basic earnings per common share of SEACOR are computed based on the weighted average number of common shares issued and outstanding during the relevant periods. Diluted earnings per common share of SEACOR are computed based on the weighted average number of common shares issued and outstanding plus the effect of potentially dilutive securities through the application of the treasury stock and if-converted methods. Dilutive securities for this purpose assumes restricted stock grants have vested, common shares have been issued pursuant to the exercise of outstanding stock options and common shares have been issued pursuant to the conversion of all outstanding convertible notes. | ||||||||||||||||||||||
Computations of basic and diluted earnings per common share of SEACOR were as follows (in thousands, except share data): | ||||||||||||||||||||||
For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||||||||||||||||||||
Net Income Attributable to SEACOR | Average O/S Shares | Per Share | Net Income Attributable to SEACOR | Average O/S Shares | Per Share | |||||||||||||||||
(As Restated) | (As Restated) | |||||||||||||||||||||
2013 | ||||||||||||||||||||||
Basic Weighted Average Common Shares Outstanding | $ | 19,271 | 19,825,229 | $ | 0.97 | $ | (1,717 | ) | 19,782,318 | $ | (0.09 | ) | ||||||||||
Effect of Dilutive Share Awards: | ||||||||||||||||||||||
Options and Restricted Stock(1) | — | 366,558 | — | 332,586 | ||||||||||||||||||
Convertible Notes(2) | 3,044 | 4,200,525 | — | — | ||||||||||||||||||
Diluted Weighted Average Common Shares Outstanding | $ | 22,315 | 24,392,312 | $ | 0.91 | $ | (1,717 | ) | 20,114,904 | $ | (0.09 | ) | ||||||||||
For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||||||||||||||||||||
Net Income Attributable to SEACOR | Average O/S Shares | Per Share | Net Income Attributable to SEACOR | Average O/S Shares | Per Share | |||||||||||||||||
2012 | ||||||||||||||||||||||
Basic Weighted Average Common Shares Outstanding | $ | 11,249 | 20,584,567 | $ | 0.55 | $ | 47,737 | 20,552,114 | $ | 2.32 | ||||||||||||
Effect of Dilutive Share Awards: | ||||||||||||||||||||||
Options and Restricted Stock(1) | — | 286,813 | — | 331,456 | ||||||||||||||||||
Diluted Weighted Average Common Shares Outstanding | $ | 11,249 | 20,871,380 | $ | 0.54 | $ | 47,737 | 20,883,570 | $ | 2.29 | ||||||||||||
______________________ | ||||||||||||||||||||||
-1 | For the three months ended June 30, 2013 and 2012, diluted earnings per common share of SEACOR excluded 355,490 and 593,344 of certain share awards, respectively, as the effect of their inclusion in the computation would be anti-dilutive. For the six months ended June 30, 2013 and 2012, diluted earnings per share of SEACOR excluded 503,726 and 531,101 of certain share awards, respectively, as the effect of their inclusion in the computation would be anti-dilutive. | |||||||||||||||||||||
-2 | For the six months ended June 30, 2013, diluted earnings per common share of SEACOR excluded 4,200,525 common shares issuable pursuant to the Company's 2.5% Convertible Senior Notes as the effect of their inclusion in the computation would be anti-dilutive. |
Share_Based_Compensation
Share Based Compensation | 6 Months Ended | ||
Jun. 30, 2013 | |||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||
Share Based Compensation | ' | ||
SHARE BASED COMPENSATION | |||
Transactions in connection with the Company’s share based compensation plans during the six months ended June 30, 2013 were as follows: | |||
Director stock awards granted | 1,500 | ||
Employee Stock Purchase Plan (“ESPP”) shares issued | 18,056 | ||
Restricted stock awards granted | 147,800 | ||
Restricted stock awards canceled | 17,000 | ||
Shares released from Deferred Compensation Plan | — | ||
Stock Option Activities: | |||
Outstanding as of December 31, 2012 | 1,281,821 | ||
Granted(1) | 431,662 | ||
Exercised | (145,840 | ) | |
Forfeited | — | ||
Expired | (1,576 | ) | |
Outstanding as of June 30, 2013 | 1,566,067 | ||
Shares available for future grants and ESPP purchases as of June 30, 2013 | 937,987 | ||
______________________ | |||
-1 | During the six months ended June 30, 2013, the Company granted 318,012 stock options to existing option holders under make-whole provisions upon the Spin-off of Era Group. |
Segment_Information
Segment Information | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2013 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Segment Information | ' | ||||||||||||||||||||
SEGMENT INFORMATION | |||||||||||||||||||||
Accounting standards require public business enterprises to report information about each of their operating business segments that exceed certain quantitative thresholds or meet certain other reporting requirements. Operating business segments have been defined as components of an enterprise about which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Certain reclassifications of prior period information have been made to conform to the current period's reportable segment presentation as a result of the Company's presentation of discontinued operations (see Notes 1 and 14). The Company’s basis of measurement of segment profit or loss is as previously described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. | |||||||||||||||||||||
The following tables summarize the operating results, capital expenditures and assets of the Company's reportable segments. | |||||||||||||||||||||
Offshore | Inland | Shipping | Ethanol and | Other | Corporate | Total | |||||||||||||||
Marine | River | Services | Industrial | $’000 | and | $’000 | |||||||||||||||
Services | Services | $’000 | Alcohol | Eliminations | |||||||||||||||||
$’000 | $’000 | $’000 | $’000 | ||||||||||||||||||
For the three months ended | |||||||||||||||||||||
30-Jun-13 | |||||||||||||||||||||
Operating Revenues: | |||||||||||||||||||||
External customers | 138,650 | 46,780 | 48,103 | 61,378 | 20,652 | — | 315,563 | ||||||||||||||
Intersegment | 28 | 577 | — | — | — | (605 | ) | — | |||||||||||||
138,678 | 47,357 | 48,103 | 61,378 | 20,652 | (605 | ) | 315,563 | ||||||||||||||
Costs and Expenses: | |||||||||||||||||||||
Operating | 97,581 | 35,193 | 29,554 | 59,402 | 18,960 | (577 | ) | 240,113 | |||||||||||||
Administrative and general | 14,235 | 3,921 | 6,124 | 477 | 1,323 | 8,638 | 34,718 | ||||||||||||||
Depreciation and amortization | 16,460 | 7,078 | 7,907 | 1,489 | 96 | 753 | 33,783 | ||||||||||||||
128,276 | 46,192 | 43,585 | 61,368 | 20,379 | 8,814 | 308,614 | |||||||||||||||
Gains on Asset Dispositions, Net | 7,895 | 4,296 | 114 | — | — | — | 12,305 | ||||||||||||||
Operating Income (Loss) | 18,297 | 5,461 | 4,632 | 10 | 273 | (9,419 | ) | 19,254 | |||||||||||||
Other Income (Expense): | |||||||||||||||||||||
Derivative gains (losses), net | 175 | — | — | 473 | (450 | ) | (1,023 | ) | (825 | ) | |||||||||||
Foreign currency (gains) losses, net | (833 | ) | 219 | (8 | ) | — | (169 | ) | (125 | ) | (916 | ) | |||||||||
Other, net | 11 | — | 188 | — | — | (4 | ) | 195 | |||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 7,694 | 1 | (403 | ) | — | 418 | — | 7,710 | |||||||||||||
Segment Profit | 25,344 | 5,681 | 4,409 | 483 | 72 | ||||||||||||||||
Other Income (Expense) not included in Segment Profit | 1,853 | ||||||||||||||||||||
Less Equity Earnings (Losses) included in Segment Profit | (7,710 | ) | |||||||||||||||||||
Income Before Taxes, Equity Earnings and Discontinued Operations | 19,561 | ||||||||||||||||||||
Offshore | Inland | Shipping | Ethanol and | Other | Corporate | Total | |||||||||||||||
Marine | River | Services | Industrial | $’000 | and | $’000 | |||||||||||||||
Services | Services | $’000 | Alcohol(1)(2) | Eliminations | |||||||||||||||||
$’000 | $’000 | $’000 | $’000 | ||||||||||||||||||
For the six months ended | |||||||||||||||||||||
30-Jun-13 | |||||||||||||||||||||
Operating Revenues: | |||||||||||||||||||||
External customers | 262,642 | 96,203 | 94,579 | 94,227 | 34,976 | — | 582,627 | ||||||||||||||
Intersegment | 52 | 1,231 | — | — | — | (1,283 | ) | — | |||||||||||||
262,694 | 97,434 | 94,579 | 94,227 | 34,976 | (1,283 | ) | 582,627 | ||||||||||||||
Costs and Expenses: | |||||||||||||||||||||
Operating | 187,612 | 71,582 | 56,168 | 93,447 | 33,448 | (1,231 | ) | 441,026 | |||||||||||||
Administrative and general | 29,062 | 7,945 | 11,301 | 1,138 | 2,979 | 17,938 | 70,363 | ||||||||||||||
Depreciation and amortization | 32,747 | 14,162 | 15,704 | 2,978 | 195 | 1,545 | 67,331 | ||||||||||||||
249,421 | 93,689 | 83,173 | 97,563 | 36,622 | 18,252 | 578,720 | |||||||||||||||
Gains (Losses) on Asset Dispositions | 10,234 | 4,993 | (2,955 | ) | — | 1,907 | 141 | 14,320 | |||||||||||||
and Impairments, Net | |||||||||||||||||||||
Operating Income (Loss) | 23,507 | 8,738 | 8,451 | (3,336 | ) | 261 | (19,394 | ) | 18,227 | ||||||||||||
Other Income (Expense): | |||||||||||||||||||||
Derivative gains (losses), net | 325 | — | — | 512 | 392 | (4,161 | ) | (2,932 | ) | ||||||||||||
Foreign currency gains (losses), net | (4,097 | ) | 82 | (15 | ) | — | (336 | ) | (561 | ) | (4,927 | ) | |||||||||
Other, net | 11 | — | 202 | — | 54 | (69 | ) | 198 | |||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 9,007 | (2,386 | ) | (1,908 | ) | — | 2,128 | — | 6,841 | ||||||||||||
Segment Profit (Loss) | 28,753 | 6,434 | 6,730 | (2,824 | ) | 2,499 | |||||||||||||||
Other Income (Expense) not included in Segment Profit (Loss) | (3,825 | ) | |||||||||||||||||||
Less Equity Earnings (Losses) included in Segment Profit (Loss) | (6,841 | ) | |||||||||||||||||||
Income Before Taxes, Equity Earnings and Discontinued Operations | 6,741 | ||||||||||||||||||||
Capital Expenditures | 49,764 | 9,238 | 27,048 | 217 | 357 | 1,307 | 87,931 | ||||||||||||||
As of June 30, 2013 | |||||||||||||||||||||
Property and Equipment: | |||||||||||||||||||||
Historical cost | 1,151,751 | 466,553 | 517,409 | 44,006 | 3,989 | 29,221 | 2,212,929 | ||||||||||||||
Accumulated depreciation | (439,211 | ) | (134,235 | ) | (214,372 | ) | (8,614 | ) | (531 | ) | (9,709 | ) | (806,672 | ) | |||||||
712,540 | 332,318 | 303,037 | 35,392 | 3,458 | 19,512 | 1,406,257 | |||||||||||||||
Construction in progress | 90,847 | 17,700 | 22,037 | — | 2,087 | 1,314 | 133,985 | ||||||||||||||
803,387 | 350,018 | 325,074 | 35,392 | 5,545 | 20,826 | 1,540,242 | |||||||||||||||
Investments, at Equity, and Advances to 50% or Less Owned Companies | 84,418 | 55,875 | 66,786 | — | 86,714 | — | 293,793 | ||||||||||||||
Inventories | 5,885 | 2,260 | 1,427 | 12,164 | 1,219 | — | 22,955 | ||||||||||||||
Goodwill | 13,367 | 2,759 | 1,852 | — | — | — | 17,978 | ||||||||||||||
Intangible Assets | 4,584 | 8,416 | 1,134 | 50 | 410 | — | 14,594 | ||||||||||||||
Other current and long-term assets, excluding cash and near cash assets(3) | 146,551 | 37,260 | 16,021 | 10,925 | 56,591 | 22,225 | 289,573 | ||||||||||||||
Segment Assets | 1,058,192 | 456,588 | 412,294 | 58,531 | 150,479 | ||||||||||||||||
Cash and near cash assets(3) | 589,198 | ||||||||||||||||||||
Total Assets | 2,768,333 | ||||||||||||||||||||
______________________ | |||||||||||||||||||||
-1 | Operating revenues includes $92.7 million of tangible product sales and operating expenses includes $91.9 million of costs of goods sold. | ||||||||||||||||||||
-2 | Inventories includes raw materials of $2.8 million and work in process of $2.2 million. | ||||||||||||||||||||
-3 | Cash and near cash assets includes cash, cash equivalents, restricted cash, marketable securities, construction reserve funds and Title XI reserve funds. | ||||||||||||||||||||
Offshore | Inland | Shipping | Ethanol and | Other | Corporate | Total | |||||||||||||||
Marine | River | Services | Industrial | $’000 | and | $’000 | |||||||||||||||
Services | Services | $’000 | Alcohol | Eliminations | |||||||||||||||||
$’000 | $’000 | $’000 | $’000 | ||||||||||||||||||
For the three months ended | |||||||||||||||||||||
June 30, 2012 | |||||||||||||||||||||
Operating Revenues: | |||||||||||||||||||||
External customers | 123,359 | 53,302 | 42,716 | 58,938 | 30,910 | — | 309,225 | ||||||||||||||
Intersegment | (83 | ) | — | 108 | — | (17 | ) | (8 | ) | — | |||||||||||
123,276 | 53,302 | 42,824 | 58,938 | 30,893 | (8 | ) | 309,225 | ||||||||||||||
Costs and Expenses: | |||||||||||||||||||||
Operating | 94,084 | 37,463 | 28,214 | 57,201 | 27,566 | 17 | 244,545 | ||||||||||||||
Administrative and general | 13,146 | 3,773 | 5,505 | 434 | 5,899 | 7,544 | 36,301 | ||||||||||||||
Depreciation and amortization | 15,859 | 7,244 | 7,362 | 1,578 | 711 | 466 | 33,220 | ||||||||||||||
123,089 | 48,480 | 41,081 | 59,213 | 34,176 | 8,027 | 314,066 | |||||||||||||||
Gains on Asset Dispositions | 624 | 858 | 1,860 | — | — | — | 3,342 | ||||||||||||||
Operating Income (Loss) | 811 | 5,680 | 3,603 | (275 | ) | (3,283 | ) | (8,035 | ) | (1,499 | ) | ||||||||||
Other Income (Expense): | |||||||||||||||||||||
Derivative gains (losses), net | — | — | — | (236 | ) | 2,516 | 274 | 2,554 | |||||||||||||
Foreign currency losses, net | (354 | ) | (71 | ) | (4 | ) | — | (84 | ) | (511 | ) | (1,024 | ) | ||||||||
Other, net | 11 | — | 257 | — | — | 175 | 443 | ||||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 1,001 | 439 | (774 | ) | — | (371 | ) | — | 295 | ||||||||||||
Segment Profit (Loss) | 1,469 | 6,048 | 3,082 | (511 | ) | (1,222 | ) | ||||||||||||||
Other Income (Expense) not included in Segment Profit (Loss) | 8,976 | ||||||||||||||||||||
Less Equity Earnings (Losses) included in Segment Profit (Loss) | (295 | ) | |||||||||||||||||||
Income Before Taxes, Equity Earnings and Discontinued Operations | 9,450 | ||||||||||||||||||||
Offshore | Inland | Shipping | Ethanol and | Other | Corporate | Total | |||||||||||||||
Marine | River | Services | Industrial | $’000 | and | $’000 | |||||||||||||||
Services | Services | $’000 | Alcohol(1)(2) | Eliminations | |||||||||||||||||
$’000 | $’000 | $’000 | $’000 | ||||||||||||||||||
For the six months ended | |||||||||||||||||||||
30-Jun-12 | |||||||||||||||||||||
Operating Revenues: | |||||||||||||||||||||
External customers | 244,310 | 106,792 | 88,449 | 98,557 | 68,966 | — | 607,074 | ||||||||||||||
Intersegment | 52 | — | 108 | — | 35 | (195 | ) | — | |||||||||||||
244,362 | 106,792 | 88,557 | 98,557 | 69,001 | (195 | ) | 607,074 | ||||||||||||||
Costs and Expenses: | |||||||||||||||||||||
Operating | 169,424 | 72,646 | 55,786 | 94,606 | 60,643 | (141 | ) | 452,964 | |||||||||||||
Administrative and general | 25,002 | 7,755 | 10,372 | 859 | 10,697 | 16,607 | 71,292 | ||||||||||||||
Depreciation and amortization | 28,741 | 14,251 | 14,979 | 2,630 | 1,400 | 921 | 62,922 | ||||||||||||||
223,167 | 94,652 | 81,137 | 98,095 | 72,740 | 17,387 | 587,178 | |||||||||||||||
Gains on Asset Dispositions | 2,469 | 2,785 | 1,860 | — | 5 | — | 7,119 | ||||||||||||||
Operating Income (Loss) | 23,664 | 14,925 | 9,280 | 462 | (3,734 | ) | (17,582 | ) | 27,015 | ||||||||||||
Other Income (Expense): | |||||||||||||||||||||
Derivative gains (losses), net | — | — | — | (721 | ) | 1,099 | (782 | ) | (404 | ) | |||||||||||
Foreign currency gains (losses), net | 769 | (93 | ) | 9 | — | 15 | (63 | ) | 637 | ||||||||||||
Other, net | 11 | — | 287 | — | — | 61 | 359 | ||||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 2,830 | 689 | (991 | ) | 6,154 | (726 | ) | — | 7,956 | ||||||||||||
Segment Profit (Loss) | 27,274 | 15,521 | 8,585 | 5,895 | (3,346 | ) | |||||||||||||||
Other Income (Expense) not included in Segment Profit (Loss) | 4,830 | ||||||||||||||||||||
Less Equity Earnings (Losses) included in Segment Profit (Loss) | (7,956 | ) | |||||||||||||||||||
Income Before Taxes, Equity Earnings and Discontinued Operations | 32,437 | ||||||||||||||||||||
Capital Expenditures | 64,383 | 13,108 | 12,921 | — | 6,314 | 2,781 | 99,507 | ||||||||||||||
As of June 30, 2012 | |||||||||||||||||||||
Property and Equipment: | |||||||||||||||||||||
Historical cost | 1,075,935 | 481,045 | 518,258 | 43,693 | 22,704 | 26,471 | 2,168,106 | ||||||||||||||
Accumulated depreciation | (393,813 | ) | (116,509 | ) | (188,148 | ) | (2,595 | ) | (3,587 | ) | (10,078 | ) | (714,730 | ) | |||||||
682,122 | 364,536 | 330,110 | 41,098 | 19,117 | 16,393 | 1,453,376 | |||||||||||||||
Construction in progress | 107,709 | 12,790 | 14,065 | — | 2,864 | 5,672 | 143,100 | ||||||||||||||
789,831 | 377,326 | 344,175 | 41,098 | 21,981 | 22,065 | 1,596,476 | |||||||||||||||
Investments, at Equity, and Advances to 50% or Less Owned Companies | 68,081 | 53,859 | 90,626 | — | 69,426 | — | 281,992 | ||||||||||||||
Inventories | 5,738 | 2,038 | 1,288 | 12,822 | 5,362 | — | 27,248 | ||||||||||||||
Goodwill | 13,367 | 4,345 | 1,852 | — | 37,138 | — | 56,702 | ||||||||||||||
Intangible Assets | 5,029 | 8,377 | 1,677 | 135 | 5,898 | — | 21,116 | ||||||||||||||
Other current and long-term assets, excluding cash and near cash assets(3) | 148,525 | 49,890 | 16,410 | 7,154 | 83,664 | 35,858 | 341,501 | ||||||||||||||
Segment Assets | 1,030,571 | 495,835 | 456,028 | 61,209 | 223,469 | ||||||||||||||||
Cash and near cash assets(3) | 533,439 | ||||||||||||||||||||
Discontinued operations | 987,343 | ||||||||||||||||||||
Total Assets | 3,845,817 | ||||||||||||||||||||
______________________ | |||||||||||||||||||||
-1 | Operating revenues includes $96.6 million of tangible product sales and operating expenses includes $92.7 million of costs of goods sold. | ||||||||||||||||||||
-2 | Inventories includes raw materials of $2.8 million and work in process of $2.4 million. | ||||||||||||||||||||
-3 | Cash and near cash assets includes cash, cash equivalents, restricted cash, marketable securities, construction reserve funds and Title XI reserve funds. |
Discontinued_Operations_Notes
Discontinued Operations (Notes) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2013 | |||||||||||||||||
Discontinued Operations [Abstract] | ' | ||||||||||||||||
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | ' | ||||||||||||||||
14 | DISCONTINUED OPERATIONS | ||||||||||||||||
Summarized selected operating results of the Company's discontinued operations were as follows (in thousands): | |||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(As Restated) | |||||||||||||||||
SES Business | |||||||||||||||||
Operating Revenues | $ | — | $ | — | $ | — | $ | 22,387 | |||||||||
Costs and Expenses: | |||||||||||||||||
Operating | — | — | — | 18,234 | |||||||||||||
Administrative and general | — | 567 | — | 4,587 | |||||||||||||
Depreciation and amortization | — | — | — | 1,428 | |||||||||||||
— | 567 | — | 24,249 | ||||||||||||||
Losses on Asset Dispositions | — | — | — | (71 | ) | ||||||||||||
Operating Loss | — | (567 | ) | — | (1,933 | ) | |||||||||||
Other Income (Expense), Net (including gain on sale of business) | — | 5 | (1,537 | ) | 24,971 | ||||||||||||
Income Tax Expense (Benefit) | — | (197 | ) | (538 | ) | 4,305 | |||||||||||
Equity in Earnings of 50% or Less Owned Companies | — | — | — | 302 | |||||||||||||
Net Income (Loss) | $ | — | $ | (365 | ) | $ | (999 | ) | $ | 19,035 | |||||||
SEI | |||||||||||||||||
Operating Revenues | $ | — | $ | 153,388 | $ | — | $ | 316,318 | |||||||||
Costs and Expenses: | |||||||||||||||||
Operating | — | 150,837 | — | 310,800 | |||||||||||||
Administrative and general | — | 1,626 | — | 3,136 | |||||||||||||
Depreciation and amortization | — | 1 | — | (4 | ) | ||||||||||||
— | 152,464 | — | 313,932 | ||||||||||||||
Operating Income | — | 924 | — | 2,386 | |||||||||||||
Other Income (Expense), Net (including gain on sale of business) | — | 1,136 | (143 | ) | 5 | ||||||||||||
Income Tax Expense (Benefit) | — | 864 | (50 | ) | 1,103 | ||||||||||||
Net Income (Loss) | $ | — | $ | 1,196 | $ | (93 | ) | $ | 1,288 | ||||||||
Era Group | |||||||||||||||||
Operating Revenues | $ | — | $ | 62,985 | $ | 22,892 | $ | 124,037 | |||||||||
Costs and Expenses: | |||||||||||||||||
Operating | — | 39,002 | 14,076 | 78,678 | |||||||||||||
Administrative and general | — | 7,195 | 2,653 | 16,872 | |||||||||||||
Depreciation and amortization | — | 10,464 | 3,875 | 20,094 | |||||||||||||
— | 56,661 | 20,604 | 115,644 | ||||||||||||||
Gains on Asset Dispositions and Impairments, Net | — | 1,077 | 548 | 2,842 | |||||||||||||
Operating Income | — | 7,401 | 2,836 | 11,235 | |||||||||||||
Other Income (Expense), Net | — | (2,323 | ) | (1,316 | ) | (3,136 | ) | ||||||||||
Income Tax Expense(1) | — | 1,861 | 10,818 | 2,770 | |||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned Companies | — | 756 | 65 | (5,663 | ) | ||||||||||||
Net Income (Loss) | $ | — | $ | 3,973 | $ | (9,233 | ) | $ | (334 | ) | |||||||
Eliminations | |||||||||||||||||
Operating Revenues | $ | — | $ | (31,176 | ) | $ | — | $ | (55,124 | ) | |||||||
Costs and Expenses: | |||||||||||||||||
Operating | — | (31,174 | ) | — | (55,122 | ) | |||||||||||
Administrative and general | — | (2 | ) | — | (2 | ) | |||||||||||
— | (31,176 | ) | — | (55,124 | ) | ||||||||||||
Operating Income | $ | — | $ | — | $ | — | $ | — | |||||||||
______________________ | |||||||||||||||||
-1 | In late February 2014, the Company made a determination to provide for income taxes of $10.1 million relating to the Spin-off of Era Group, effective January 31, 2013. As a result, the Company has restated its results from discontinued operations for the six months ended June 30, 2013 in the table included herein (see Note 15). |
Restatement_Notes
Restatement (Notes) | 6 Months Ended | ||||||||
Jun. 30, 2013 | |||||||||
Restatement [Abstract] | ' | ||||||||
Accounting Changes and Error Corrections [Text Block] | ' | ||||||||
Restatement of Interim Financial Results. In late February 2014, in connection with the Company’s year-end accounting review and preparation of its year-end financial statements, an error was discovered in the accounting for taxes related to the Spin-off of Era Group. The restatement of the Company's unaudited condensed consolidated financial statements in this Amendment No. 1 to the Original Filing is solely related to this error in accounting for taxes, the principal effect of which is an increase in the net loss from discontinued operations for the six months ended June 30, 2013 of $10.1 million (see Note 15). | |||||||||
15 | RESTATEMENT | ||||||||
The restatement of the Company's unaudited condensed consolidated financial statements in this Amendment No. 1 to the Original Filing is solely related to an error in the accounting for taxes related to the Spin-off of Era Group, the principal effect of which is an increase in the net loss from discontinued operations for the six months ended June 30, 2013 of $10.1 million. The following table sets forth the effect of the restatement on each impacted financial statement line item (in thousands, except share data): | |||||||||
June 30, 2013 | June 30, 2013 | ||||||||
(As Restated) | (As Previously Reported) | ||||||||
Balance Sheet (unaudited): | |||||||||
Other current liabilities | $ | 122,424 | $ | 112,310 | |||||
Total current liabilities | 220,728 | 210,614 | |||||||
Total liabilities | 1,431,897 | 1,421,783 | |||||||
Retained earnings | 1,056,583 | 1,066,697 | |||||||
SEACOR Holdings Inc. stockholders' equity | 1,311,558 | 1,321,672 | |||||||
Total equity | 1,336,436 | 1,346,550 | |||||||
For the Six Months Ended | |||||||||
June 30, 2013 | June 30, 2013 | ||||||||
(As Restated) | (As Previously Reported) | ||||||||
Statement of Income (Loss) (unaudited): | |||||||||
Loss from Discontinued Operations, Net of Tax | $ | (10,325 | ) | $ | (211 | ) | |||
Net Income (Loss) | (2,065 | ) | 8,049 | ||||||
Net Income (Loss) attributable to SEACOR Holdings Inc. | (1,717 | ) | 8,397 | ||||||
Net Income (Loss) attributable to SEACOR Holdings Inc.: | |||||||||
Continuing operations | $ | 8,508 | $ | 8,508 | |||||
Discontinued operations | (10,225 | ) | (111 | ) | |||||
$ | (1,717 | ) | $ | 8,397 | |||||
Basic Income (Loss) Per Common Share of SEACOR Holdings Inc.: | |||||||||
Continuing operations | $ | 0.43 | $ | 0.43 | |||||
Discontinued operations | (0.52 | ) | (0.01 | ) | |||||
$ | (0.09 | ) | $ | 0.42 | |||||
Diluted Income (Loss) Per Common Share of SEACOR Holdings Inc.: | |||||||||
Continuing operations | $ | 0.42 | $ | 0.42 | |||||
Discontinued operations | (0.51 | ) | — | ||||||
$ | (0.09 | ) | $ | 0.42 | |||||
Statement of Comprehensive Income (Loss) (unaudited): | |||||||||
Net Income (Loss) | $ | (2,065 | ) | $ | 8,049 | ||||
Comprehensive Income (Loss) | (4,719 | ) | 5,395 | ||||||
Comprehensive Income (Loss) attributable to SEACOR Holdings Inc. | (3,919 | ) | 6,195 | ||||||
Basis_of_Presentation_and_Acco1
Basis of Presentation and Accounting Policy (Policy) | 6 Months Ended | ||||||||
Jun. 30, 2013 | |||||||||
Nature Of Operations And Accounting Policies [Abstract] | ' | ||||||||
Basis Of Consolidation | ' | ||||||||
The condensed consolidated financial information for the three and six months ended June 30, 2013 and 2012 has been prepared by the Company and has not been audited by its independent registered public accounting firm. The condensed consolidated financial statements include the accounts of SEACOR Holdings Inc. and its consolidated subsidiaries. In the opinion of management, all adjustments (consisting of normal recurring adjustments) have been made to fairly present the Company’s financial position as of June 30, 2013, its results of operations for the three and six months ended June 30, 2013 and 2012, its comprehensive income for the three and six months ended June 30, 2013 and 2012, its changes in equity for the six months ended June 30, 2013, and its cash flows for the six months ended June 30, 2013 and 2012. Results of operations for the interim periods presented are not necessarily indicative of operating results for the full year or any future periods. | |||||||||
Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. | |||||||||
Unless the context otherwise indicates, any reference in this Quarterly Report on Form 10-Q to the “Company” refers to SEACOR Holdings Inc. and its consolidated subsidiaries and any reference in this Quarterly Report on Form 10-Q to “SEACOR” refers to SEACOR Holdings Inc. | |||||||||
Discontinued Operations, Policy | ' | ||||||||
Discontinued Operations. On January 31, 2013, the Company completed the spin-off ("Spin-off") of Era Group Inc. (“Era Group”), the company that operated SEACOR's Aviation Services business segment, by means of a dividend to SEACOR's stockholders of all the issued and outstanding common stock of Era Group. Era Group filed a Registration Statement on Form 10 with the Securities and Exchange Commission, describing the Spin-off, that was declared effective on January 14, 2013. Era Group is now an independent company whose common stock is listed on the New York Stock Exchange under the symbol "ERA." Discontinued operations includes the historical financial position, results of operations and cash flows of Era Group as well as the operations previously reported as discontinued in the Company's Annual Report on Form 10-K for the year ended December 31, 2012 (see Note 14). | |||||||||
Revenue Recognition | ' | ||||||||
Revenue Recognition. The Company recognizes revenue when it is realized or realizable and earned. Revenue is realized or realizable and earned when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price to the buyer is fixed or determinable, and collectability is reasonably assured. Revenue that does not meet these criteria is deferred until the criteria are met. Deferred revenues, included in other current liabilities, for the six months ended June 30 were as follows (in thousands): | |||||||||
2013 | 2012 | ||||||||
Balance at beginning of period | $ | 6,592 | $ | 9,845 | |||||
Revenues deferred during the period | — | 2,600 | |||||||
Revenues recognized during the period | — | (5,927 | ) | ||||||
Balance at end of period | $ | 6,592 | $ | 6,518 | |||||
As of June 30, 2013, deferred revenues of $6.6 million were related to the time charter of several offshore support vessels scheduled to be paid through the conveyance of an overriding royalty interest (the "Conveyance") in developmental oil and gas producing properties operated by a customer in the U.S. Gulf of Mexico. Payments under the Conveyance, and the timing of such payments, are contingent upon production and energy sale prices. On August 17, 2012, the customer filed a voluntary petition for Chapter 11 bankruptcy. The Company is vigorously defending its interest in connection with the bankruptcy filing; however, payments received under the Conveyance subsequent to August 17, 2012 are subject to bankruptcy court approval. The Company will continue to recognize revenues as cash is received and approved by the bankruptcy court or earlier should future collection become reasonably assured. All costs and expenses related to these charters were recognized as incurred. | |||||||||
Reclassifications [Text Block] | ' | ||||||||
Reclassifications. Certain reclassifications of prior period information have been made to conform to the presentation of the current period information. These reclassifications had no effect on net income as previously reported. | |||||||||
Accounting Changes and Error Corrections [Text Block] | ' | ||||||||
Restatement of Interim Financial Results. In late February 2014, in connection with the Company’s year-end accounting review and preparation of its year-end financial statements, an error was discovered in the accounting for taxes related to the Spin-off of Era Group. The restatement of the Company's unaudited condensed consolidated financial statements in this Amendment No. 1 to the Original Filing is solely related to this error in accounting for taxes, the principal effect of which is an increase in the net loss from discontinued operations for the six months ended June 30, 2013 of $10.1 million (see Note 15). | |||||||||
15 | RESTATEMENT | ||||||||
The restatement of the Company's unaudited condensed consolidated financial statements in this Amendment No. 1 to the Original Filing is solely related to an error in the accounting for taxes related to the Spin-off of Era Group, the principal effect of which is an increase in the net loss from discontinued operations for the six months ended June 30, 2013 of $10.1 million. The following table sets forth the effect of the restatement on each impacted financial statement line item (in thousands, except share data): | |||||||||
June 30, 2013 | June 30, 2013 | ||||||||
(As Restated) | (As Previously Reported) | ||||||||
Balance Sheet (unaudited): | |||||||||
Other current liabilities | $ | 122,424 | $ | 112,310 | |||||
Total current liabilities | 220,728 | 210,614 | |||||||
Total liabilities | 1,431,897 | 1,421,783 | |||||||
Retained earnings | 1,056,583 | 1,066,697 | |||||||
SEACOR Holdings Inc. stockholders' equity | 1,311,558 | 1,321,672 | |||||||
Total equity | 1,336,436 | 1,346,550 | |||||||
For the Six Months Ended | |||||||||
June 30, 2013 | June 30, 2013 | ||||||||
(As Restated) | (As Previously Reported) | ||||||||
Statement of Income (Loss) (unaudited): | |||||||||
Loss from Discontinued Operations, Net of Tax | $ | (10,325 | ) | $ | (211 | ) | |||
Net Income (Loss) | (2,065 | ) | 8,049 | ||||||
Net Income (Loss) attributable to SEACOR Holdings Inc. | (1,717 | ) | 8,397 | ||||||
Net Income (Loss) attributable to SEACOR Holdings Inc.: | |||||||||
Continuing operations | $ | 8,508 | $ | 8,508 | |||||
Discontinued operations | (10,225 | ) | (111 | ) | |||||
$ | (1,717 | ) | $ | 8,397 | |||||
Basic Income (Loss) Per Common Share of SEACOR Holdings Inc.: | |||||||||
Continuing operations | $ | 0.43 | $ | 0.43 | |||||
Discontinued operations | (0.52 | ) | (0.01 | ) | |||||
$ | (0.09 | ) | $ | 0.42 | |||||
Diluted Income (Loss) Per Common Share of SEACOR Holdings Inc.: | |||||||||
Continuing operations | $ | 0.42 | $ | 0.42 | |||||
Discontinued operations | (0.51 | ) | — | ||||||
$ | (0.09 | ) | $ | 0.42 | |||||
Statement of Comprehensive Income (Loss) (unaudited): | |||||||||
Net Income (Loss) | $ | (2,065 | ) | $ | 8,049 | ||||
Comprehensive Income (Loss) | (4,719 | ) | 5,395 | ||||||
Comprehensive Income (Loss) attributable to SEACOR Holdings Inc. | (3,919 | ) | 6,195 | ||||||
Basis_of_Presentation_and_Acco2
Basis of Presentation and Accounting Policy (Tables) | 6 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2013 | |||||||||||||||||||||||||||||
Nature Of Operations And Accounting Policies [Abstract] | ' | ||||||||||||||||||||||||||||
Deferred Revenues Included In Other Current Liabilities | ' | ||||||||||||||||||||||||||||
Deferred revenues, included in other current liabilities, for the six months ended June 30 were as follows (in thousands): | |||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||
Balance at beginning of period | $ | 6,592 | $ | 9,845 | |||||||||||||||||||||||||
Revenues deferred during the period | — | 2,600 | |||||||||||||||||||||||||||
Revenues recognized during the period | — | (5,927 | ) | ||||||||||||||||||||||||||
Balance at end of period | $ | 6,592 | $ | 6,518 | |||||||||||||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | ||||||||||||||||||||||||||||
Accumulated Other Comprehensive Loss. The components of accumulated other comprehensive income (loss) were as follows: | |||||||||||||||||||||||||||||
SEACOR Holdings Inc. Stockholders Equity | Noncontrolling | ||||||||||||||||||||||||||||
Interests | |||||||||||||||||||||||||||||
Foreign | Derivative | Other | Total | Foreign | Other | Other | |||||||||||||||||||||||
Currency | Losses on | Currency | Comprehensive | ||||||||||||||||||||||||||
Translation | Cash Flow | Translation | Income (Loss) | ||||||||||||||||||||||||||
Adjustments | Hedges, net | Adjustments | |||||||||||||||||||||||||||
31-Dec-12 | $ | (1,238 | ) | $ | (732 | ) | $ | (16 | ) | $ | (1,986 | ) | $ | 321 | $ | (10 | ) | ||||||||||||
Distribution of Era Group stock to shareholders | (55 | ) | — | — | (55 | ) | — | — | |||||||||||||||||||||
Other comprehensive income (loss) | (4,086 | ) | 698 | — | (3,388 | ) | (452 | ) | — | $ | (3,840 | ) | |||||||||||||||||
Income tax (expense) benefit | 1,430 | (244 | ) | — | 1,186 | — | — | 1,186 | |||||||||||||||||||||
Six months ended June 30, 2013 | $ | (3,949 | ) | $ | (278 | ) | $ | (16 | ) | $ | (4,243 | ) | $ | (131 | ) | $ | (10 | ) | $ | (2,654 | ) |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | |||||||||||||||
The Company’s financial assets and liabilities as of June 30, 2013 that are measured at fair value on a recurring basis were as follows (in thousands): | ||||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||
ASSETS | ||||||||||||||||
Marketable securities(1) | $ | 27,264 | $ | — | $ | — | ||||||||||
Derivative instruments (included in other receivables) | 820 | 5,961 | — | |||||||||||||
Construction reserve funds and Title XI reserve funds | 150,375 | — | — | |||||||||||||
LIABILITIES | ||||||||||||||||
Short sale of marketable securities (included in other current liabilities) | 7,809 | — | — | |||||||||||||
Derivative instruments (included in other current liabilities) | 703 | 4,770 | — | |||||||||||||
______________________ | ||||||||||||||||
-1 | Marketable security gains, net include unrealized gains of $6.5 million and unrealized losses of $2.0 million for the three months ended June 30, 2013 and 2012, respectively, related to marketable security positions held by the Company as of June 30, 2013. | |||||||||||||||
Estimated Fair Value Of Other Financial Assets And Liabilities | ' | |||||||||||||||
The estimated fair values of the Company’s other financial assets and liabilities as of June 30, 2013 were as follows (in thousands): | ||||||||||||||||
Estimated Fair Value | ||||||||||||||||
Carrying | Level 1 | Level 2 | Level 3 | |||||||||||||
Amount | ||||||||||||||||
ASSETS | ||||||||||||||||
Cash, cash equivalents and restricted cash | $ | 411,559 | $ | 411,559 | $ | — | $ | — | ||||||||
Investments, at cost, in 50% or less owned companies (included in other | 9,315 | see below | ||||||||||||||
assets) | ||||||||||||||||
Notes receivable from other business ventures (included in other | 21,674 | see below | ||||||||||||||
receivables and other assets) | ||||||||||||||||
LIABILITIES | ||||||||||||||||
Long-term debt, including current portion(1) | 699,553 | — | 813,568 | — | ||||||||||||
______________________ | ||||||||||||||||
-1 | The estimated fair value includes the conversion option on the Company's 2.5% Convertible Notes. | |||||||||||||||
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block] | ' | |||||||||||||||
The Company’s non-financial assets and liabilities that were measured at fair value during the six months ended June 30, 2013 were as follows (in thousands): | ||||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||
ASSETS | ||||||||||||||||
Long-lived assets under construction(1) | $ | 17,494 | $ | — | $ | — | ||||||||||
Investment in C-Lift LLC(2) | — | 13,290 | — | |||||||||||||
______________________ | ||||||||||||||||
-1 | During the six months ended June 30, 2013, the Company recognized impairment charges of $3.0 million related to two of Shipping Services' harbor tugs while under construction, which were sold and leased back upon their completion (see Note 5). | |||||||||||||||
-2 | During the six months ended June 30, 2013, the Company marked its equity investment in C-Lift LLC ("C-Lift") to fair value following its acquisition of a controlling interest (see Note 4). The investment's fair value was determined based on the Company's purchase price of the acquired interest. |
Derivative_Instruments_And_Hed1
Derivative Instruments And Hedging Strategies (Tables) | 6 Months Ended | |||||||
Jun. 30, 2013 | ||||||||
Derivative [Line Items] | ' | |||||||
Fair Values Of Derivative Instruments | ' | |||||||
The fair values of the Company’s derivative instruments as of June 30, 2013 were as follows (in thousands): | ||||||||
Derivative | Derivative | |||||||
Asset | Liability | |||||||
Options on equities and equity indices | $ | 415 | $ | — | ||||
Forward currency exchange, option and future contracts | 298 | 390 | ||||||
Interest rate swap agreements | — | 4,271 | ||||||
Commodity swap, option and future contracts: | ||||||||
Exchange traded | 554 | 703 | ||||||
Non-exchange traded | 5,514 | 109 | ||||||
$ | 6,781 | $ | 5,473 | |||||
Cash Flow Hedging [Member] | ' | |||||||
Derivative [Line Items] | ' | |||||||
Recognized Gains (Losses) On Derivative Instruments Not Designated As Hedging Instruments | ' | |||||||
The Company recognized gains (losses) on derivative instruments designated as cash flow hedges for the six months ended June 30 as follows (in thousands): | ||||||||
2013 | 2012 | |||||||
Interest rate swap agreements, effective portion in other comprehensive income (loss) | $ | 380 | $ | (671 | ) | |||
Interest rate swap agreements, ineffective portion in derivative gains (losses), net | — | (19 | ) | |||||
$ | 380 | $ | (690 | ) | ||||
Not Designated as Hedging Instrument [Member] | ' | |||||||
Derivative [Line Items] | ' | |||||||
Recognized Gains (Losses) On Derivative Instruments Not Designated As Hedging Instruments | ' | |||||||
The Company recognized gains (losses) on derivative instruments not designated as hedging instruments in derivative gains (losses), net for the six months ended June 30 as follows (in thousands): | ||||||||
2013 | 2012 | |||||||
Options on equities and equity indices | $ | (3,012 | ) | $ | (910 | ) | ||
Forward currency exchange, option and future contracts | (592 | ) | 373 | |||||
Interest rate swap agreements | 237 | (237 | ) | |||||
Commodity swap, option and future contracts: | ||||||||
Exchange traded | (821 | ) | (1,863 | ) | ||||
Non-exchange traded | 1,256 | 2,252 | ||||||
$ | (2,932 | ) | $ | (385 | ) |
Business_Acquisitions_Tables
Business Acquisitions (Tables) | 6 Months Ended | |||
Jun. 30, 2013 | ||||
Business Combinations [Abstract] | ' | |||
Allocation Of Purchase Price For Business Acquisitions | ' | |||
The following table summarizes the allocation of the purchase price for the Company’s business acquisitions during the six months ended June 30, 2013 (in thousands): | ||||
Trade and other receivables | $ | 3,250 | ||
Other current assets | 32 | |||
Investments, at Equity, and Advances to 50% or Less Owned Companies | (13,290 | ) | ||
Property and Equipment | 43,521 | |||
Intangible Assets | 1,599 | |||
Accounts payable | (264 | ) | ||
Other current liabilities | (1,640 | ) | ||
Long-Term Debt | (22,668 | ) | ||
Purchase price(1) | $ | 10,540 | ||
Equipment_Acquisitions_Disposi1
Equipment Acquisitions, Dispositions and Depreciation and Impairment Policies (Tables) | 6 Months Ended | |||||||
Jun. 30, 2013 | ||||||||
Equipment Acquisitions, Dispositions And Depreciation And Impairment Policies [Abstract] | ' | |||||||
Schedule Of Deferred Gain Activity [Table Text Block] | ' | |||||||
Deferred gain activity related to these transactions for the six months ended June 30 was as follows (in thousands): | ||||||||
2013 | 2012 | |||||||
Balance at beginning of period | $ | 111,514 | $ | 117,192 | ||||
Deferred gains arising from asset sales | 2,289 | 7,280 | ||||||
Amortization of deferred gains included in operating expenses as a reduction to rental expense | (5,192 | ) | (9,526 | ) | ||||
Amortization of deferred gains included in gains on asset dispositions and impairments, net | (1,431 | ) | (2,039 | ) | ||||
Balance at end of period | $ | 107,180 | $ | 112,907 | ||||
Schedule of Estimated Useful Life of Newly Acquired Equipment [Table Text Block] | ' | |||||||
As of June 30, 2013, the estimated useful life (in years) of each of the Company’s major categories of new equipment was as follows: | ||||||||
Offshore support vessels (excluding wind farm utility) | 20 | |||||||
Wind farm utility vessels | 10 | |||||||
Inland river dry cargo and deck barges | 20 | |||||||
Inland river liquid tank barges | 25 | |||||||
Inland river towboats | 25 | |||||||
U.S.-flag product tankers | 25 | |||||||
RORO(1) vessels | 20 | |||||||
Harbor tugs | 25 | |||||||
Ocean liquid tank barges | 25 | |||||||
Terminal and manufacturing facilities | 20 | |||||||
______________________ | ||||||||
-1 | Roll on/Roll off ("RORO"). |
Earnings_Per_Common_Share_of_S1
Earnings Per Common Share of SEACOR (Tables) | 6 Months Ended | |||||||||||||||||||||
Jun. 30, 2013 | ||||||||||||||||||||||
Earnings Per Common Share of SEACOR [Abstract] | ' | |||||||||||||||||||||
Schedule of Weighted Average Number of Shares [Table Text Block] | ' | |||||||||||||||||||||
Computations of basic and diluted earnings per common share of SEACOR were as follows (in thousands, except share data): | ||||||||||||||||||||||
For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||||||||||||||||||||
Net Income Attributable to SEACOR | Average O/S Shares | Per Share | Net Income Attributable to SEACOR | Average O/S Shares | Per Share | |||||||||||||||||
(As Restated) | (As Restated) | |||||||||||||||||||||
2013 | ||||||||||||||||||||||
Basic Weighted Average Common Shares Outstanding | $ | 19,271 | 19,825,229 | $ | 0.97 | $ | (1,717 | ) | 19,782,318 | $ | (0.09 | ) | ||||||||||
Effect of Dilutive Share Awards: | ||||||||||||||||||||||
Options and Restricted Stock(1) | — | 366,558 | — | 332,586 | ||||||||||||||||||
Convertible Notes(2) | 3,044 | 4,200,525 | — | — | ||||||||||||||||||
Diluted Weighted Average Common Shares Outstanding | $ | 22,315 | 24,392,312 | $ | 0.91 | $ | (1,717 | ) | 20,114,904 | $ | (0.09 | ) | ||||||||||
For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||||||||||||||||||||
Net Income Attributable to SEACOR | Average O/S Shares | Per Share | Net Income Attributable to SEACOR | Average O/S Shares | Per Share | |||||||||||||||||
2012 | ||||||||||||||||||||||
Basic Weighted Average Common Shares Outstanding | $ | 11,249 | 20,584,567 | $ | 0.55 | $ | 47,737 | 20,552,114 | $ | 2.32 | ||||||||||||
Effect of Dilutive Share Awards: | ||||||||||||||||||||||
Options and Restricted Stock(1) | — | 286,813 | — | 331,456 | ||||||||||||||||||
Diluted Weighted Average Common Shares Outstanding | $ | 11,249 | 20,871,380 | $ | 0.54 | $ | 47,737 | 20,883,570 | $ | 2.29 | ||||||||||||
______________________ | ||||||||||||||||||||||
-1 | For the three months ended June 30, 2013 and 2012, diluted earnings per common share of SEACOR excluded 355,490 and 593,344 of certain share awards, respectively, as the effect of their inclusion in the computation would be anti-dilutive. For the six months ended June 30, 2013 and 2012, diluted earnings per share of SEACOR excluded 503,726 and 531,101 of certain share awards, respectively, as the effect of their inclusion in the computation would be anti-dilutive. | |||||||||||||||||||||
-2 | For the six months ended June 30, 2013, diluted earnings per common share of SEACOR excluded 4,200,525 common shares issuable pursuant to the Company's 2.5% Convertible Senior Notes as the effect of their inclusion in the computation would be anti-dilutive. |
Share_Based_Compensation_Table
Share Based Compensation (Tables) | 6 Months Ended | ||
Jun. 30, 2013 | |||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||
Share Based Compensation Plans | ' | ||
Transactions in connection with the Company’s share based compensation plans during the six months ended June 30, 2013 were as follows: | |||
Director stock awards granted | 1,500 | ||
Employee Stock Purchase Plan (“ESPP”) shares issued | 18,056 | ||
Restricted stock awards granted | 147,800 | ||
Restricted stock awards canceled | 17,000 | ||
Shares released from Deferred Compensation Plan | — | ||
Stock Option Activities: | |||
Outstanding as of December 31, 2012 | 1,281,821 | ||
Granted(1) | 431,662 | ||
Exercised | (145,840 | ) | |
Forfeited | — | ||
Expired | (1,576 | ) | |
Outstanding as of June 30, 2013 | 1,566,067 | ||
Shares available for future grants and ESPP purchases as of June 30, 2013 | 937,987 | ||
______________________ | |||
-1 | During the six months ended June 30, 2013, the Company granted 318,012 stock options to existing option holders under make-whole provisions upon the Spin-off of Era Group. |
Segment_Information_Tables
Segment Information (Tables) | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2013 | |||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||
Operating Results, Capital Expenditures And Assets By Reporting Segment | ' | ||||||||||||||||||||
unting standards require public business enterprises to report information about each of their operating business segments that exceed certain quantitative thresholds or meet certain other reporting requirements. Operating business segments have been defined as components of an enterprise about which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Certain reclassifications of prior period information have been made to conform to the current period's reportable segment presentation as a result of the Company's presentation of discontinued operations (see Notes 1 and 14). The Company’s basis of measurement of segment profit or loss is as previously described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. | |||||||||||||||||||||
The following tables summarize the operating results, capital expenditures and assets of the Company's reportable segments. | |||||||||||||||||||||
Offshore | Inland | Shipping | Ethanol and | Other | Corporate | Total | |||||||||||||||
Marine | River | Services | Industrial | $’000 | and | $’000 | |||||||||||||||
Services | Services | $’000 | Alcohol | Eliminations | |||||||||||||||||
$’000 | $’000 | $’000 | $’000 | ||||||||||||||||||
For the three months ended | |||||||||||||||||||||
30-Jun-13 | |||||||||||||||||||||
Operating Revenues: | |||||||||||||||||||||
External customers | 138,650 | 46,780 | 48,103 | 61,378 | 20,652 | — | 315,563 | ||||||||||||||
Intersegment | 28 | 577 | — | — | — | (605 | ) | — | |||||||||||||
138,678 | 47,357 | 48,103 | 61,378 | 20,652 | (605 | ) | 315,563 | ||||||||||||||
Costs and Expenses: | |||||||||||||||||||||
Operating | 97,581 | 35,193 | 29,554 | 59,402 | 18,960 | (577 | ) | 240,113 | |||||||||||||
Administrative and general | 14,235 | 3,921 | 6,124 | 477 | 1,323 | 8,638 | 34,718 | ||||||||||||||
Depreciation and amortization | 16,460 | 7,078 | 7,907 | 1,489 | 96 | 753 | 33,783 | ||||||||||||||
128,276 | 46,192 | 43,585 | 61,368 | 20,379 | 8,814 | 308,614 | |||||||||||||||
Gains on Asset Dispositions, Net | 7,895 | 4,296 | 114 | — | — | — | 12,305 | ||||||||||||||
Operating Income (Loss) | 18,297 | 5,461 | 4,632 | 10 | 273 | (9,419 | ) | 19,254 | |||||||||||||
Other Income (Expense): | |||||||||||||||||||||
Derivative gains (losses), net | 175 | — | — | 473 | (450 | ) | (1,023 | ) | (825 | ) | |||||||||||
Foreign currency (gains) losses, net | (833 | ) | 219 | (8 | ) | — | (169 | ) | (125 | ) | (916 | ) | |||||||||
Other, net | 11 | — | 188 | — | — | (4 | ) | 195 | |||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 7,694 | 1 | (403 | ) | — | 418 | — | 7,710 | |||||||||||||
Segment Profit | 25,344 | 5,681 | 4,409 | 483 | 72 | ||||||||||||||||
Other Income (Expense) not included in Segment Profit | 1,853 | ||||||||||||||||||||
Less Equity Earnings (Losses) included in Segment Profit | (7,710 | ) | |||||||||||||||||||
Income Before Taxes, Equity Earnings and Discontinued Operations | 19,561 | ||||||||||||||||||||
Offshore | Inland | Shipping | Ethanol and | Other | Corporate | Total | |||||||||||||||
Marine | River | Services | Industrial | $’000 | and | $’000 | |||||||||||||||
Services | Services | $’000 | Alcohol(1)(2) | Eliminations | |||||||||||||||||
$’000 | $’000 | $’000 | $’000 | ||||||||||||||||||
For the six months ended | |||||||||||||||||||||
30-Jun-13 | |||||||||||||||||||||
Operating Revenues: | |||||||||||||||||||||
External customers | 262,642 | 96,203 | 94,579 | 94,227 | 34,976 | — | 582,627 | ||||||||||||||
Intersegment | 52 | 1,231 | — | — | — | (1,283 | ) | — | |||||||||||||
262,694 | 97,434 | 94,579 | 94,227 | 34,976 | (1,283 | ) | 582,627 | ||||||||||||||
Costs and Expenses: | |||||||||||||||||||||
Operating | 187,612 | 71,582 | 56,168 | 93,447 | 33,448 | (1,231 | ) | 441,026 | |||||||||||||
Administrative and general | 29,062 | 7,945 | 11,301 | 1,138 | 2,979 | 17,938 | 70,363 | ||||||||||||||
Depreciation and amortization | 32,747 | 14,162 | 15,704 | 2,978 | 195 | 1,545 | 67,331 | ||||||||||||||
249,421 | 93,689 | 83,173 | 97,563 | 36,622 | 18,252 | 578,720 | |||||||||||||||
Gains (Losses) on Asset Dispositions | 10,234 | 4,993 | (2,955 | ) | — | 1,907 | 141 | 14,320 | |||||||||||||
and Impairments, Net | |||||||||||||||||||||
Operating Income (Loss) | 23,507 | 8,738 | 8,451 | (3,336 | ) | 261 | (19,394 | ) | 18,227 | ||||||||||||
Other Income (Expense): | |||||||||||||||||||||
Derivative gains (losses), net | 325 | — | — | 512 | 392 | (4,161 | ) | (2,932 | ) | ||||||||||||
Foreign currency gains (losses), net | (4,097 | ) | 82 | (15 | ) | — | (336 | ) | (561 | ) | (4,927 | ) | |||||||||
Other, net | 11 | — | 202 | — | 54 | (69 | ) | 198 | |||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 9,007 | (2,386 | ) | (1,908 | ) | — | 2,128 | — | 6,841 | ||||||||||||
Segment Profit (Loss) | 28,753 | 6,434 | 6,730 | (2,824 | ) | 2,499 | |||||||||||||||
Other Income (Expense) not included in Segment Profit (Loss) | (3,825 | ) | |||||||||||||||||||
Less Equity Earnings (Losses) included in Segment Profit (Loss) | (6,841 | ) | |||||||||||||||||||
Income Before Taxes, Equity Earnings and Discontinued Operations | 6,741 | ||||||||||||||||||||
Capital Expenditures | 49,764 | 9,238 | 27,048 | 217 | 357 | 1,307 | 87,931 | ||||||||||||||
As of June 30, 2013 | |||||||||||||||||||||
Property and Equipment: | |||||||||||||||||||||
Historical cost | 1,151,751 | 466,553 | 517,409 | 44,006 | 3,989 | 29,221 | 2,212,929 | ||||||||||||||
Accumulated depreciation | (439,211 | ) | (134,235 | ) | (214,372 | ) | (8,614 | ) | (531 | ) | (9,709 | ) | (806,672 | ) | |||||||
712,540 | 332,318 | 303,037 | 35,392 | 3,458 | 19,512 | 1,406,257 | |||||||||||||||
Construction in progress | 90,847 | 17,700 | 22,037 | — | 2,087 | 1,314 | 133,985 | ||||||||||||||
803,387 | 350,018 | 325,074 | 35,392 | 5,545 | 20,826 | 1,540,242 | |||||||||||||||
Investments, at Equity, and Advances to 50% or Less Owned Companies | 84,418 | 55,875 | 66,786 | — | 86,714 | — | 293,793 | ||||||||||||||
Inventories | 5,885 | 2,260 | 1,427 | 12,164 | 1,219 | — | 22,955 | ||||||||||||||
Goodwill | 13,367 | 2,759 | 1,852 | — | — | — | 17,978 | ||||||||||||||
Intangible Assets | 4,584 | 8,416 | 1,134 | 50 | 410 | — | 14,594 | ||||||||||||||
Other current and long-term assets, excluding cash and near cash assets(3) | 146,551 | 37,260 | 16,021 | 10,925 | 56,591 | 22,225 | 289,573 | ||||||||||||||
Segment Assets | 1,058,192 | 456,588 | 412,294 | 58,531 | 150,479 | ||||||||||||||||
Cash and near cash assets(3) | 589,198 | ||||||||||||||||||||
Total Assets | 2,768,333 | ||||||||||||||||||||
______________________ | |||||||||||||||||||||
-1 | Operating revenues includes $92.7 million of tangible product sales and operating expenses includes $91.9 million of costs of goods sold. | ||||||||||||||||||||
-2 | Inventories includes raw materials of $2.8 million and work in process of $2.2 million. | ||||||||||||||||||||
-3 | Cash and near cash assets includes cash, cash equivalents, restricted cash, marketable securities, construction reserve funds and Title XI reserve funds. | ||||||||||||||||||||
Offshore | Inland | Shipping | Ethanol and | Other | Corporate | Total | |||||||||||||||
Marine | River | Services | Industrial | $’000 | and | $’000 | |||||||||||||||
Services | Services | $’000 | Alcohol | Eliminations | |||||||||||||||||
$’000 | $’000 | $’000 | $’000 | ||||||||||||||||||
For the three months ended | |||||||||||||||||||||
June 30, 2012 | |||||||||||||||||||||
Operating Revenues: | |||||||||||||||||||||
External customers | 123,359 | 53,302 | 42,716 | 58,938 | 30,910 | — | 309,225 | ||||||||||||||
Intersegment | (83 | ) | — | 108 | — | (17 | ) | (8 | ) | — | |||||||||||
123,276 | 53,302 | 42,824 | 58,938 | 30,893 | (8 | ) | 309,225 | ||||||||||||||
Costs and Expenses: | |||||||||||||||||||||
Operating | 94,084 | 37,463 | 28,214 | 57,201 | 27,566 | 17 | 244,545 | ||||||||||||||
Administrative and general | 13,146 | 3,773 | 5,505 | 434 | 5,899 | 7,544 | 36,301 | ||||||||||||||
Depreciation and amortization | 15,859 | 7,244 | 7,362 | 1,578 | 711 | 466 | 33,220 | ||||||||||||||
123,089 | 48,480 | 41,081 | 59,213 | 34,176 | 8,027 | 314,066 | |||||||||||||||
Gains on Asset Dispositions | 624 | 858 | 1,860 | — | — | — | 3,342 | ||||||||||||||
Operating Income (Loss) | 811 | 5,680 | 3,603 | (275 | ) | (3,283 | ) | (8,035 | ) | (1,499 | ) | ||||||||||
Other Income (Expense): | |||||||||||||||||||||
Derivative gains (losses), net | — | — | — | (236 | ) | 2,516 | 274 | 2,554 | |||||||||||||
Foreign currency losses, net | (354 | ) | (71 | ) | (4 | ) | — | (84 | ) | (511 | ) | (1,024 | ) | ||||||||
Other, net | 11 | — | 257 | — | — | 175 | 443 | ||||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 1,001 | 439 | (774 | ) | — | (371 | ) | — | 295 | ||||||||||||
Segment Profit (Loss) | 1,469 | 6,048 | 3,082 | (511 | ) | (1,222 | ) | ||||||||||||||
Other Income (Expense) not included in Segment Profit (Loss) | 8,976 | ||||||||||||||||||||
Less Equity Earnings (Losses) included in Segment Profit (Loss) | (295 | ) | |||||||||||||||||||
Income Before Taxes, Equity Earnings and Discontinued Operations | 9,450 | ||||||||||||||||||||
Offshore | Inland | Shipping | Ethanol and | Other | Corporate | Total | |||||||||||||||
Marine | River | Services | Industrial | $’000 | and | $’000 | |||||||||||||||
Services | Services | $’000 | Alcohol(1)(2) | Eliminations | |||||||||||||||||
$’000 | $’000 | $’000 | $’000 | ||||||||||||||||||
For the six months ended | |||||||||||||||||||||
30-Jun-12 | |||||||||||||||||||||
Operating Revenues: | |||||||||||||||||||||
External customers | 244,310 | 106,792 | 88,449 | 98,557 | 68,966 | — | 607,074 | ||||||||||||||
Intersegment | 52 | — | 108 | — | 35 | (195 | ) | — | |||||||||||||
244,362 | 106,792 | 88,557 | 98,557 | 69,001 | (195 | ) | 607,074 | ||||||||||||||
Costs and Expenses: | |||||||||||||||||||||
Operating | 169,424 | 72,646 | 55,786 | 94,606 | 60,643 | (141 | ) | 452,964 | |||||||||||||
Administrative and general | 25,002 | 7,755 | 10,372 | 859 | 10,697 | 16,607 | 71,292 | ||||||||||||||
Depreciation and amortization | 28,741 | 14,251 | 14,979 | 2,630 | 1,400 | 921 | 62,922 | ||||||||||||||
223,167 | 94,652 | 81,137 | 98,095 | 72,740 | 17,387 | 587,178 | |||||||||||||||
Gains on Asset Dispositions | 2,469 | 2,785 | 1,860 | — | 5 | — | 7,119 | ||||||||||||||
Operating Income (Loss) | 23,664 | 14,925 | 9,280 | 462 | (3,734 | ) | (17,582 | ) | 27,015 | ||||||||||||
Other Income (Expense): | |||||||||||||||||||||
Derivative gains (losses), net | — | — | — | (721 | ) | 1,099 | (782 | ) | (404 | ) | |||||||||||
Foreign currency gains (losses), net | 769 | (93 | ) | 9 | — | 15 | (63 | ) | 637 | ||||||||||||
Other, net | 11 | — | 287 | — | — | 61 | 359 | ||||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 2,830 | 689 | (991 | ) | 6,154 | (726 | ) | — | 7,956 | ||||||||||||
Segment Profit (Loss) | 27,274 | 15,521 | 8,585 | 5,895 | (3,346 | ) | |||||||||||||||
Other Income (Expense) not included in Segment Profit (Loss) | 4,830 | ||||||||||||||||||||
Less Equity Earnings (Losses) included in Segment Profit (Loss) | (7,956 | ) | |||||||||||||||||||
Income Before Taxes, Equity Earnings and Discontinued Operations | 32,437 | ||||||||||||||||||||
Capital Expenditures | 64,383 | 13,108 | 12,921 | — | 6,314 | 2,781 | 99,507 | ||||||||||||||
As of June 30, 2012 | |||||||||||||||||||||
Property and Equipment: | |||||||||||||||||||||
Historical cost | 1,075,935 | 481,045 | 518,258 | 43,693 | 22,704 | 26,471 | 2,168,106 | ||||||||||||||
Accumulated depreciation | (393,813 | ) | (116,509 | ) | (188,148 | ) | (2,595 | ) | (3,587 | ) | (10,078 | ) | (714,730 | ) | |||||||
682,122 | 364,536 | 330,110 | 41,098 | 19,117 | 16,393 | 1,453,376 | |||||||||||||||
Construction in progress | 107,709 | 12,790 | 14,065 | — | 2,864 | 5,672 | 143,100 | ||||||||||||||
789,831 | 377,326 | 344,175 | 41,098 | 21,981 | 22,065 | 1,596,476 | |||||||||||||||
Investments, at Equity, and Advances to 50% or Less Owned Companies | 68,081 | 53,859 | 90,626 | — | 69,426 | — | 281,992 | ||||||||||||||
Inventories | 5,738 | 2,038 | 1,288 | 12,822 | 5,362 | — | 27,248 | ||||||||||||||
Goodwill | 13,367 | 4,345 | 1,852 | — | 37,138 | — | 56,702 | ||||||||||||||
Intangible Assets | 5,029 | 8,377 | 1,677 | 135 | 5,898 | — | 21,116 | ||||||||||||||
Other current and long-term assets, excluding cash and near cash assets(3) | 148,525 | 49,890 | 16,410 | 7,154 | 83,664 | 35,858 | 341,501 | ||||||||||||||
Segment Assets | 1,030,571 | 495,835 | 456,028 | 61,209 | 223,469 | ||||||||||||||||
Cash and near cash assets(3) | 533,439 | ||||||||||||||||||||
Discontinued operations | 987,343 | ||||||||||||||||||||
Total Assets | 3,845,817 | ||||||||||||||||||||
______________________ | |||||||||||||||||||||
-1 | Operating revenues includes $96.6 million of tangible product sales and operating expenses includes $92.7 million of costs of goods sold. | ||||||||||||||||||||
-2 | Inventories includes raw materials of $2.8 million and work in process of $2.4 million. | ||||||||||||||||||||
-3 | Cash and near cash assets includes cash, cash equivalents, restricted cash, marketable securities, construction reserve funds and Title XI reserve funds. |
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 30, 2013 | |||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ||||||||||||||||
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | ' | ||||||||||||||||
Summarized selected operating results of the Company's discontinued operations were as follows (in thousands): | |||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(As Restated) | |||||||||||||||||
SES Business | |||||||||||||||||
Operating Revenues | $ | — | $ | — | $ | — | $ | 22,387 | |||||||||
Costs and Expenses: | |||||||||||||||||
Operating | — | — | — | 18,234 | |||||||||||||
Administrative and general | — | 567 | — | 4,587 | |||||||||||||
Depreciation and amortization | — | — | — | 1,428 | |||||||||||||
— | 567 | — | 24,249 | ||||||||||||||
Losses on Asset Dispositions | — | — | — | (71 | ) | ||||||||||||
Operating Loss | — | (567 | ) | — | (1,933 | ) | |||||||||||
Other Income (Expense), Net (including gain on sale of business) | — | 5 | (1,537 | ) | 24,971 | ||||||||||||
Income Tax Expense (Benefit) | — | (197 | ) | (538 | ) | 4,305 | |||||||||||
Equity in Earnings of 50% or Less Owned Companies | — | — | — | 302 | |||||||||||||
Net Income (Loss) | $ | — | $ | (365 | ) | $ | (999 | ) | $ | 19,035 | |||||||
SEI | |||||||||||||||||
Operating Revenues | $ | — | $ | 153,388 | $ | — | $ | 316,318 | |||||||||
Costs and Expenses: | |||||||||||||||||
Operating | — | 150,837 | — | 310,800 | |||||||||||||
Administrative and general | — | 1,626 | — | 3,136 | |||||||||||||
Depreciation and amortization | — | 1 | — | (4 | ) | ||||||||||||
— | 152,464 | — | 313,932 | ||||||||||||||
Operating Income | — | 924 | — | 2,386 | |||||||||||||
Other Income (Expense), Net (including gain on sale of business) | — | 1,136 | (143 | ) | 5 | ||||||||||||
Income Tax Expense (Benefit) | — | 864 | (50 | ) | 1,103 | ||||||||||||
Net Income (Loss) | $ | — | $ | 1,196 | $ | (93 | ) | $ | 1,288 | ||||||||
Era Group | |||||||||||||||||
Operating Revenues | $ | — | $ | 62,985 | $ | 22,892 | $ | 124,037 | |||||||||
Costs and Expenses: | |||||||||||||||||
Operating | — | 39,002 | 14,076 | 78,678 | |||||||||||||
Administrative and general | — | 7,195 | 2,653 | 16,872 | |||||||||||||
Depreciation and amortization | — | 10,464 | 3,875 | 20,094 | |||||||||||||
— | 56,661 | 20,604 | 115,644 | ||||||||||||||
Gains on Asset Dispositions and Impairments, Net | — | 1,077 | 548 | 2,842 | |||||||||||||
Operating Income | — | 7,401 | 2,836 | 11,235 | |||||||||||||
Other Income (Expense), Net | — | (2,323 | ) | (1,316 | ) | (3,136 | ) | ||||||||||
Income Tax Expense(1) | — | 1,861 | 10,818 | 2,770 | |||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned Companies | — | 756 | 65 | (5,663 | ) | ||||||||||||
Net Income (Loss) | $ | — | $ | 3,973 | $ | (9,233 | ) | $ | (334 | ) | |||||||
Eliminations | |||||||||||||||||
Operating Revenues | $ | — | $ | (31,176 | ) | $ | — | $ | (55,124 | ) | |||||||
Costs and Expenses: | |||||||||||||||||
Operating | — | (31,174 | ) | — | (55,122 | ) | |||||||||||
Administrative and general | — | (2 | ) | — | (2 | ) | |||||||||||
— | (31,176 | ) | — | (55,124 | ) | ||||||||||||
Operating Income | $ | — | $ | — | $ | — | $ | — | |||||||||
______________________ | |||||||||||||||||
-1 | In late February 2014, the Company made a determination to provide for income taxes of $10.1 million relating to the Spin-off of Era Group, effective January 31, 2013. As a result, the Company has restated its results from discontinued operations for the six months ended June 30, 2013 in the table included herein (see Note 15). |
Restatement_Tables
Restatement (Tables) | 6 Months Ended | ||||||||
Jun. 30, 2013 | |||||||||
Restatement [Abstract] | ' | ||||||||
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] | ' | ||||||||
The following table sets forth the effect of the restatement on each impacted financial statement line item (in thousands, except share data): | |||||||||
June 30, 2013 | June 30, 2013 | ||||||||
(As Restated) | (As Previously Reported) | ||||||||
Balance Sheet (unaudited): | |||||||||
Other current liabilities | $ | 122,424 | $ | 112,310 | |||||
Total current liabilities | 220,728 | 210,614 | |||||||
Total liabilities | 1,431,897 | 1,421,783 | |||||||
Retained earnings | 1,056,583 | 1,066,697 | |||||||
SEACOR Holdings Inc. stockholders' equity | 1,311,558 | 1,321,672 | |||||||
Total equity | 1,336,436 | 1,346,550 | |||||||
For the Six Months Ended | |||||||||
June 30, 2013 | June 30, 2013 | ||||||||
(As Restated) | (As Previously Reported) | ||||||||
Statement of Income (Loss) (unaudited): | |||||||||
Loss from Discontinued Operations, Net of Tax | $ | (10,325 | ) | $ | (211 | ) | |||
Net Income (Loss) | (2,065 | ) | 8,049 | ||||||
Net Income (Loss) attributable to SEACOR Holdings Inc. | (1,717 | ) | 8,397 | ||||||
Net Income (Loss) attributable to SEACOR Holdings Inc.: | |||||||||
Continuing operations | $ | 8,508 | $ | 8,508 | |||||
Discontinued operations | (10,225 | ) | (111 | ) | |||||
$ | (1,717 | ) | $ | 8,397 | |||||
Basic Income (Loss) Per Common Share of SEACOR Holdings Inc.: | |||||||||
Continuing operations | $ | 0.43 | $ | 0.43 | |||||
Discontinued operations | (0.52 | ) | (0.01 | ) | |||||
$ | (0.09 | ) | $ | 0.42 | |||||
Diluted Income (Loss) Per Common Share of SEACOR Holdings Inc.: | |||||||||
Continuing operations | $ | 0.42 | $ | 0.42 | |||||
Discontinued operations | (0.51 | ) | — | ||||||
$ | (0.09 | ) | $ | 0.42 | |||||
Statement of Comprehensive Income (Loss) (unaudited): | |||||||||
Net Income (Loss) | $ | (2,065 | ) | $ | 8,049 | ||||
Comprehensive Income (Loss) | (4,719 | ) | 5,395 | ||||||
Comprehensive Income (Loss) attributable to SEACOR Holdings Inc. | (3,919 | ) | 6,195 | ||||||
Basis_of_Presentation_and_Acco3
Basis of Presentation and Accounting Policy (Narrative) (Details) (USD $) | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2013 |
Offshore Marine Services [Member] | Era Group [Member] | Era Group [Member] | |||||
Nature of Operations and Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Liability for Uncertain Tax Positions, Current | ' | ' | ' | ' | ' | $10,100,000 | $10,100,000 |
Deferred Revenue | $6,592,000 | $6,592,000 | $6,518,000 | $9,845,000 | $6,600,000 | ' | ' |
Basis_of_Presentation_and_Acco4
Basis of Presentation and Accounting Policy (Deferred Revenues Included In Other Current Liabilities) (Details) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 |
Nature Of Operations And Accounting Policies [Abstract] | ' | ' |
Balance at beginning of period | $6,592 | $9,845 |
Revenues deferred during the period | 0 | 2,600 |
Revenues recognized during the period | 0 | -5,927 |
Balance at end of period | $6,592 | $6,518 |
Basis_of_Presentation_and_Acco5
Basis of Presentation and Accounting Policy Accumulated Other Comprehensive Income (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012 | Dec. 31, 2012 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | ($4,243) | ' | ($4,243) | ' | ($1,986) |
Stockholders' Equity Note, Spinoff Transaction | ' | ' | -415,371 | ' | ' |
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent | ' | ' | -3,388 | ' | ' |
Other Comprehensive Income (Loss), before Tax | 142 | -805 | -3,840 | 3,429 | ' |
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent | ' | ' | 1,186 | ' | ' |
Other Comprehensive Income (Loss), Tax | -41 | 249 | 1,186 | -1,145 | ' |
Other Comprehensive Income (Loss), Net of Tax | 101 | -556 | -2,654 | 2,284 | ' |
Accumulated Translation Adjustment [Member] | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -3,949 | ' | -3,949 | ' | -1,238 |
Stockholders' Equity Note, Spinoff Transaction | ' | ' | -55 | ' | ' |
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent | ' | ' | -4,086 | ' | ' |
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent | ' | ' | 1,430 | ' | ' |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -278 | ' | -278 | ' | -732 |
Stockholders' Equity Note, Spinoff Transaction | ' | ' | 0 | ' | ' |
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent | ' | ' | 698 | ' | ' |
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent | ' | ' | -244 | ' | ' |
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -16 | ' | -16 | ' | -16 |
Stockholders' Equity Note, Spinoff Transaction | ' | ' | 0 | ' | ' |
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent | ' | ' | 0 | ' | ' |
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent | ' | ' | 0 | ' | ' |
Non-Controlling Interests In Subsidiaries [Member] | ' | ' | ' | ' | ' |
Stockholders' Equity Note, Spinoff Transaction | ' | ' | -107 | ' | ' |
Other Comprehensive Income (Loss), Net of Tax | ' | ' | -452 | ' | ' |
Non-Controlling Interests In Subsidiaries [Member] | Accumulated Translation Adjustment [Member] | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -131 | ' | -131 | ' | 321 |
Stockholders' Equity Note, Spinoff Transaction | ' | ' | 0 | ' | ' |
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Noncontrolling Interest | ' | ' | -452 | ' | ' |
Other Comprehensive Income (Loss), Tax, Portion Attributable to Noncontrolling Interest | ' | ' | 0 | ' | ' |
Non-Controlling Interests In Subsidiaries [Member] | Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -10 | ' | -10 | ' | -10 |
Stockholders' Equity Note, Spinoff Transaction | ' | ' | 0 | ' | ' |
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Noncontrolling Interest | ' | ' | 0 | ' | ' |
Other Comprehensive Income (Loss), Tax, Portion Attributable to Noncontrolling Interest | ' | ' | 0 | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Member] | ' | ' | ' | ' | ' |
Stockholders' Equity Note, Spinoff Transaction | ' | ' | -55 | ' | ' |
Other Comprehensive Income (Loss), Net of Tax | ' | ' | ($2,202) | ' | ' |
Fair_Value_Measurements_Financ
Fair Value Measurements (Financial Assets And Liabilities Measured At Fair Value On Recurring Basis) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2013 | Mar. 31, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Construction Reserve Funds & Title XI Reserve Funds | ' | ' | $150,375,000 | $195,629,000 |
Marketable security gains (losses), net include losses | 6,500,000 | -2,000,000 | 10,500,000 | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Marketable securities | ' | ' | 27,264,000 | ' |
Derivative instruments (included in other receivables) | ' | ' | 820,000 | ' |
Construction Reserve Funds & Title XI Reserve Funds | ' | ' | 150,375,000 | ' |
Short sales of marketable securities | ' | ' | 7,809,000 | ' |
Derivative instruments (included in other current liabilities) | ' | ' | 703,000 | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Marketable securities | ' | ' | 0 | ' |
Derivative instruments (included in other receivables) | ' | ' | 5,961,000 | ' |
Construction reserve funds and Title XI reserve funds | ' | ' | 0 | ' |
Short sales of marketable securities | ' | ' | 0 | ' |
Derivative instruments (included in other current liabilities) | ' | ' | 4,770,000 | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Marketable securities | ' | ' | 0 | ' |
Derivative instruments (included in other receivables) | ' | ' | 0 | ' |
Construction reserve funds and Title XI reserve funds | ' | ' | 0 | ' |
Short sales of marketable securities | ' | ' | 0 | ' |
Derivative instruments (included in other current liabilities) | ' | ' | $0 | ' |
Fair_Value_Measurements_Estima
Fair Value Measurements (Estimated Fair Value Of Other Financial Assets And Liabilities) (Details) (USD $) | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Cash, cash equivalents and restricted cash, Carrying Amount | $411,559 |
Investments, at cost, in 50% or less owned companies (included in other assets), Carrying Amount | 9,315 |
Notes receivable from other business ventures (included in other receivables and other assets) | 21,674 |
Long-term debt, including current portion, Carrying Amount | 699,553 |
Fair Value, Inputs, Level 1 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 411,559 |
Debt Instrument, Fair Value Disclosure | 0 |
Fair Value, Inputs, Level 2 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 0 |
Debt Instrument, Fair Value Disclosure | 813,568 |
Fair Value, Inputs, Level 3 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 0 |
Debt Instrument, Fair Value Disclosure | $0 |
Two Point Five Percentage Convertible Notes [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Debt Instrument, Interest Rate, Stated Percentage | 2.50% |
Fair_Value_Measurements_NonFin
Fair Value Measurements (Non-Financial Assets And Liabilities Measured At Fair Value) (Details) (USD $) | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |
Fair Value, Inputs, Level 1 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Assets Held-for-sale, Long Lived | $17,494 |
Fair Value, Inputs, Level 2 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Assets Held-for-sale, Long Lived | 0 |
Fair Value, Inputs, Level 3 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Assets Held-for-sale, Long Lived | 0 |
C Lift L L C [Member] | Fair Value, Inputs, Level 1 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Equity Method Investments, Fair Value Disclosure | 0 |
C Lift L L C [Member] | Fair Value, Inputs, Level 2 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Equity Method Investments, Fair Value Disclosure | 13,290 |
C Lift L L C [Member] | Fair Value, Inputs, Level 3 [Member] | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' |
Equity Method Investments, Fair Value Disclosure | $0 |
Derivative_Instruments_And_Hed2
Derivative Instruments And Hedging Strategies (Narrative) (Details) | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 |
In Millions, unless otherwise specified | Not Designated as Hedging Instrument [Member] | SEACOR Holdings Inc. [Member] | Offshore Marine Services Joint Ventures [Member] | Offshore Marine Services Joint Ventures [Member] | Inland River Joint Venture [Member] | Inland River Joint Venture [Member] | Shipping Services [Member] | Shipping Services [Member] | Dynamic Offshore Drilling Ltd [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] | Not Designated as Hedging Instrument [Member] |
USD ($) | Not Designated as Hedging Instrument [Member] | USD ($) | Cash Flow Hedging [Member] | USD ($) | Cash Flow Hedging [Member] | USD ($) | Cash Flow Hedging [Member] | Interest Rate Swap Agreements [Member] | Windcat Acquisition [Member] | Windcat Acquisition [Member] | Dynamic Offshore Drilling Ltd [Member] | ||
USD ($) | Interest Rate Swap Agreements [Member] | Interest Rate Swap Agreements [Member] | Interest Rate Swap Agreements [Member] | ||||||||||
USD ($) | EUR (€) | USD ($) | |||||||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fixed interest rate range, minimum | ' | 2.25% | ' | ' | ' | 1.53% | ' | ' | ' | ' | ' | ' | ' |
Fixed interest rate range, maximum | ' | 3.05% | ' | ' | ' | 4.16% | ' | ' | ' | ' | ' | ' | ' |
Derivative, Notional Amount | $13.10 | ' | $17.50 | ' | $38.80 | ' | $38.40 | ' | ' | $221.10 | $14.40 | € 10.90 | $108 |
Fixed interest rate | ' | ' | ' | 1.48% | ' | ' | ' | 2.79% | 1.30% | ' | ' | ' | ' |
Derivative_Instruments_And_Hed3
Derivative Instruments And Hedging Strategies (Fair Values Of Derivative Instruments) (Details) (Not Designated as Hedging Instrument [Member], USD $) | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |
Derivative [Line Items] | ' |
Derivative Asset, Fair Value, Gross Asset | $6,781 |
Derivative Liability | 5,473 |
Foreign Exchange [Member] | ' |
Derivative [Line Items] | ' |
Derivative Asset, Fair Value, Gross Asset | 298 |
Derivative Liability | 390 |
Interest Rate Swap Agreements [Member] | ' |
Derivative [Line Items] | ' |
Derivative Asset, Fair Value, Gross Asset | 0 |
Derivative Liability | 4,271 |
Options On Equities And Equity Indices [Member] | ' |
Derivative [Line Items] | ' |
Derivative Asset, Fair Value, Gross Asset | 415 |
Derivative Liability | 0 |
Commodity Swap, Option And Future Contracts, Non-Exchange Traded [Member] | ' |
Derivative [Line Items] | ' |
Derivative Asset, Fair Value, Gross Asset | 5,514 |
Derivative Liability | 109 |
Commodity Contract [Member] | ' |
Derivative [Line Items] | ' |
Derivative Asset, Fair Value, Gross Asset | 554 |
Derivative Liability | $703 |
Derivative_Instruments_And_Hed4
Derivative Instruments And Hedging Strategies (Recognized Gains (Losses) On Derivative Instruments Designated As Cash Flow Hedges) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012 | |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax | $331,000 | ($195,000) | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax | ' | ' | 0 | -19,000 |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | ' | ' | 380,000 | -690,000 |
Interest Rate Swap Agreements [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax | ' | ' | 380,000 | -671,000 |
Offshore Marine Services Joint Ventures [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Derivative, Notional Amount | 17,500,000 | ' | 17,500,000 | ' |
Offshore Marine Services Joint Ventures [Member] | Cash Flow Hedging [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Derivative, Fixed Interest Rate | 1.48% | ' | 1.48% | ' |
Inland River Joint Venture [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Derivative, Notional Amount | $38,800,000 | ' | $38,800,000 | ' |
Inland River Joint Venture [Member] | Cash Flow Hedging [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Derivative, Lower Fixed Interest Rate Range | 1.53% | ' | 1.53% | ' |
Derivative, Higher Fixed Interest Rate Range | 4.16% | ' | 4.16% | ' |
Derivative_Instruments_And_Hed5
Derivative Instruments And Hedging Strategies (Recognized Gains (Losses) On Derivative Instruments Not Designated As Hedging Instruments) (Details) (USD $) | 6 Months Ended | |
Jun. 30, 2013 | Jun. 30, 2012 | |
Derivative [Line Items] | ' | ' |
Derivative gains (losses), net | ($2,932,000) | ($385,000) |
Options On Equities And Equity Indices [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative gains (losses), net | -3,012,000 | -910,000 |
Forward Currency Exchange, Option And Future Contracts [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative gains (losses), net | -592,000 | 373,000 |
Interest Rate Swap Agreements [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative gains (losses), net | 237,000 | -237,000 |
Commodity Contract [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative gains (losses), net | -821,000 | -1,863,000 |
Commodity Swap, Option And Future Contracts, Non-Exchange Traded [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative gains (losses), net | 1,256,000 | 2,252,000 |
Not Designated as Hedging Instrument [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative, Notional Amount | 13,100,000 | ' |
SEACOR Holdings Inc. [Member] | Not Designated as Hedging Instrument [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative, Lower Fixed Interest Rate Range | 2.25% | ' |
Derivative, Higher Fixed Interest Rate Range | 3.05% | ' |
Offshore Marine Services Joint Ventures [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative, Notional Amount | 17,500,000 | ' |
Not Designated as Hedging Instrument [Member] | Interest Rate Swap Agreements [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative, Notional Amount | $221,100,000 | ' |
Business_Acquisitions_Narrativ
Business Acquisitions (Narrative) (Details) (USD $) | 6 Months Ended | 12 Months Ended | 12 Months Ended | |||||
In Millions, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 06, 2013 | Jun. 06, 2013 | Dec. 31, 2012 | Jun. 25, 2012 | Dec. 31, 2012 | Mar. 30, 2012 |
C Lift L L C [Member] | C Lift L L C [Member] | C Lift L L C [Member] | Pantagro Acquisition [Member] [Member] | Pantagro Acquisition [Member] [Member] | Superior Energy Services, LLC [Member] | Superior Energy Services, LLC [Member] | ||
Liftboats [Member] | Liftboats [Member] | |||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Percentage of Voting Interests Acquired | ' | ' | 50.00% | ' | ' | ' | ' | ' |
Cash Acquired from Acquisition | $2.20 | ' | ' | ' | ' | ' | ' | ' |
Payments to Acquire Businesses, Gross | ' | 12.7 | ' | ' | 0.2 | ' | 142.5 | ' |
Business Acquisition, Cost of Acquired Entity, Liabilities Incurred | ' | ' | ' | ' | 0.2 | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | 100.00% | ' | ' | 95.00% | ' | ' |
Business Combination, Consideration Transferred | ' | ' | ' | ' | $0.40 | ' | ' | ' |
Number Of Equipments Acquired | ' | ' | ' | 2 | ' | ' | ' | 18 |
Business_Acquisitions_Allocati
Business Acquisitions (Allocation Of Purchase Price For Business Acquisitions) (Details) (USD $) | Jun. 30, 2013 | |
In Thousands, unless otherwise specified | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract] | ' | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | $3,250 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other | 32 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Investmnets, at Equity, and Advnaces to 50% or Less Owned Companies | -13,290 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant and Equipment | 43,521 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangible Assets | 1,599 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable | 264 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other | 1,640 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | 22,668 | |
Purchase price | $10,540 | [1] |
[1] | Trade and other receivables$3,250Other current assets32Investments, at Equity, and Advances to 50% or Less Owned Companies(13,290)Property and Equipment43,521Intangible Assets1,599Accounts payable(264)Other current liabilities(1,640)Long-Term Debt(22,668)Purchase price(1)$10,540______________________(1)Purchase price is net of cash acquired of $2.2 million. |
Equipment_Acquisitions_Disposi2
Equipment Acquisitions, Dispositions and Depreciation and Impairment Policies (Deferred Gain Activity) (Details) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 |
Movement in Deferred Gain Activity [Roll Forward] | ' | ' |
Deferred Gains at Beginning of Period | $111,514 | $117,192 |
Deferred Gain On Sale Of Equipments | 2,289 | 7,280 |
Amortization Of Deferred Gains Included in Operating Expenses As A Reduction To Rental Expense | -5,192 | -9,526 |
Amortization Of Deferred Gains Included In Gains On Asset Dispositions And Impairments, Net | -1,431 | -2,039 |
Deferred Gains at End of Period | $107,180 | $112,907 |
Equipment_Acquisitions_Disposi3
Equipment Acquisitions, Dispositions and Depreciation and Impairment Policies (Useful Life) (Details) | 6 Months Ended | |
Jun. 30, 2013 | ||
Offshore Support Vessels [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Estimated useful life (in years) | '20 years | |
Wind Farm Utility Vessel [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Estimated useful life (in years) | '10 years | |
Inland River Dry Cargo And Deck Barges [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Estimated useful life (in years) | '20 years | |
Inland River Liquid Tank Barges [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Estimated useful life (in years) | '25 years | |
Inland River Towboats [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Estimated useful life (in years) | '25 years | |
U S Flag Tankers [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Estimated useful life (in years) | '25 years | |
R O R O Vessels [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Estimated useful life (in years) | '20 years | [1] |
Harbor And Offshore Tugs [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Estimated useful life (in years) | '25 years | |
Ocean Liquid Tank Barge [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Estimated useful life (in years) | '25 years | |
Terminal And Manufacturing Facilities [Member] | ' | |
Property, Plant and Equipment [Line Items] | ' | |
Estimated useful life (in years) | '20 years | |
[1] | Roll on/Roll off ("RORO"). |
Equipment_Acquisitions_Disposi4
Equipment Acquisitions, Dispositions and Depreciation and Impairment Policies (Narrative) (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | |||||||
Mar. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Jun. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | |
Offshore Support Vessels Specialty [Member] | Offshore Support Vessels Specialty [Member] | Offshore Support Vessels Crew [Member] | Offshore Support Vessels Mini Supply [Member] | Offshore Support Vessels Supply [Member] | Liftboats [Member] | Wind Farm Utility Vessel [Member] | Inland River Dry Cargo And Deck Barges [Member] | Inland River Liquid Tank Barges [Member] | Inland River Liquid Tank Barges [Member] | U.S.-flag Harbor Tugs [Member] | U.S.-flag Harbor Tugs [Member] | Mexmar [Member] | Gains on Asset Dispositions and Impariments, Net [Member] | Gains on Asset Dispositions and Impariments, Net [Member] | ||||
equipment | equipment | equipment | equipment | equipment | equipment | equipment | equipment | equipment | equipment | equipment | ||||||||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchases of property and equipment | ' | $87,931,000 | $99,507,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Equipments Delivered | ' | ' | ' | 1 | ' | ' | ' | ' | 2 | 2 | ' | 2 | ' | ' | 3 | ' | ' | ' |
Number Of Equipments Sold | ' | ' | ' | ' | 1 | 2 | 1 | 1 | 3 | ' | 16 | ' | 8 | ' | 2 | ' | ' | ' |
Sales Price Of Equipment | ' | 132,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Sale of Property, Plant and Equipment, Excluding Deposits on Future Equipment Sales | ' | 125,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Vendor Credits | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from disposition of property and equipment | ' | 125,432,000 | 7,394,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60,500,000 | ' | ' |
Proceeds from Issuance of Secured Debt | ' | 7,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gains (Losses) on Sales of Assets | 15,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,900,000 |
Deferred Gains on Asset Sales | ' | 2,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization Of Deferred Gains Included In Gains On Asset Dispositions And Impairments, Net | ' | -1,431,000 | -2,039,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,400,000 | ' |
Proceeds from Other Deposits | ' | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset Impairment Charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,000,000 | ' | ' | ' | ' |
Investments_At_Equity_And_Adva1
Investments, At Equity, And Advances To 50% Or Less Owned Companies (Narrative) (Details) (USD $) | 6 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | 6 Months Ended | |||||||||||
Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 06, 2013 | |
Sea-Cat Crewzer II [Member] | Mexmar [Member] | SCFCo Holdings [Member] | Bunge Scf Grain [Member] | Witt O'Brien's LLC [Member] | Corporate Joint Venture [Member] | Offshore Marine Services Joint Ventures [Member] | Offshore Support Vessels [Member] | Offshore Support Vessels [Member] | Offshore Support Vessels [Member] | Very Large Gas Carrier [Member] | Subsequent Event [Member] | C Lift L L C [Member] | C Lift L L C [Member] | |||
equipment | Sea-Cat Crewzer II [Member] | Mexmar [Member] | equipment | Dorian LPG [Member] | ||||||||||||
equipment | equipment | |||||||||||||||
Schedule Of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% |
Payments to Acquire Businesses, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $12,700,000 | ' |
Business Acquisition, Preexisting Relationship, Gain (Loss) Recognized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,200,000 |
Partners' Capital Account, Contributions, Cash | ' | ' | 11,500,000 | 5,900,000 | 2,900,000 | ' | ' | 500,000 | ' | ' | ' | ' | ' | 42,100,000 | ' | ' |
Partners' Capital Account, Contributions, Noncash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,900,000 | ' | ' |
Number Of Equipments Delivered | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 1 | ' | ' | ' | ' |
Proceeds From Property And Equipment Sales To Fifty Percent Or Less Owned Companies | ' | ' | 24,100,000 | 36,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments to Acquire Machinery and Equipment | ' | ' | 23,000,000 | 30,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Secured Debt | ' | ' | 1,100,000 | 6,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Secured Debt, Repayments | ' | ' | ' | 6,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans/notes receivable | ' | ' | ' | 1,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Temporary Working Capital Advances Provided during the Period | ' | ' | ' | ' | 1,800,000 | 2,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Temporary Working Capital Advances Repaid during the Period | ' | ' | ' | ' | 1,800,000 | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding Working Capital Advances At End Of Period | ' | ' | ' | ' | 2,300,000 | 7,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Equity Method Investment, Dividends or Distributions | 8,315,000 | 25,641,000 | ' | ' | ' | ' | 1,200,000 | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' |
Unrecorded Unconditional Purchase Obligation, Maximum Quantity | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17 | ' | ' | 2 | ' | ' | ' |
Guarantor Obligations, Maximum Exposure, Undiscounted | 14,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allocable Share of Uncalled Capital | $2,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitments_And_Contingencies_
Commitments And Contingencies (Narrative) (Details) (USD $) | Jun. 30, 2013 | Jun. 08, 2011 | Dec. 31, 2010 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2012 | Dec. 31, 2012 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2012 |
Robins Case [Member] | Wunstell Action [Member] | Darnell Alexander [Member] | Prejean [Member] | Abney Litigation [Member] | HEPACO Litigation [Member] | Offshore Support Vessels [Member] | Inland River Liquid Tank Barges [Member] | Inland River Towboats [Member] | Harbor Tugs [Member] | U.S.-flag Harbor Tugs [Member] | Very Large Gas Carrier [Member] | Other Machinery and Equipment [Member] | Dorian LPG [Member] | Aviation Services [Member] | ||
claim | plaintiff | claim | claim | claim | equipment | equipment | equipment | equipment | equipment | Subsequent Event [Member] | ||||||
Loss Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total unfunded capital commitments | $150,100,000 | ' | ' | ' | ' | ' | ' | $128,200,000 | $2,900,000 | $10,900,000 | ' | $1,600,000 | ' | $6,500,000 | ' | ' |
Unrecorded Unconditional Purchase Obligation, Maximum Quantity | ' | ' | ' | ' | ' | ' | ' | 17 | 2 | 5 | 1 | ' | 2 | ' | ' | ' |
Partners' Capital Account, Contributions, Cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 42,100,000 | ' |
Partners' Capital Account, Contributions, Noncash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,900,000 | ' |
Purchase commitments payable during the period | 55,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecorded Unconditional Purchase Obligation Balance Sheet Amount Potential Amount To Reduce Liability | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 139,400,000 |
Number of claims company did not attempt to dismiss | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional individual civil actions filed | ' | ' | 2 | 117 | 3 | 668 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency, Damages Sought, Value | ' | ' | ' | ' | ' | ' | $20,291,178.92 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Multiemployer_Pension_Plans_De
Multiemployer Pension Plans (Details) | Sep. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2013 |
In Millions, unless otherwise specified | American Maritime Officers Pension Plan [Member] | United Kingdom Merchant Navy Officers Pension Fund [Member] | United Kingdom Merchant Navy Officers Pension Fund [Member] |
USD ($) | USD ($) | GBP (£) | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Pension and other postretirement benefit plans, withdrawal liability | $45.60 | ' | ' |
Pension And Other Postretirement Benefit Plans, Total Funding Deficit | ' | 182.6 | 120 |
Pension and Other Postretirement Benefit Plans, Allocated Share of Funding Deficit | ' | $2.70 | £ 1.8 |
LongTerm_Debt_and_Capital_Leas1
Long-Term Debt and Capital Lease Obligations (Details) (USD $) | 6 Months Ended | |
Jun. 30, 2013 | Jun. 30, 2012 | |
Debt Instrument [Line Items] | ' | ' |
Letters of Credit Outstanding, Amount | $27,100,000 | ' |
Repayments of Debt and Capital Lease Obligations | 10,027,000 | 64,712,000 |
Net borrowings (repayments) on inventory financing arrangements | -2,365,000 | 14,798,000 |
Seacor Revolving Credit Facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Line of Credit Facility, Remaining Borrowing Capacity | 359,000,000 | ' |
Letters of Credit Outstanding, Amount | $1,000,000 | ' |
Seven Point Three Seven Five Percentage Senior Notes Due Two Thousand Nineteen Member | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 7.38% | ' |
Stock_Repurchases_Details
Stock Repurchases (Details) (USD $) | 6 Months Ended |
In Millions, unless otherwise specified | Jun. 30, 2013 |
Stock Repurchases [Abstract] | ' |
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $100 |
Earnings_Per_Common_Share_of_S2
Earnings Per Common Share of SEACOR (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012 |
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | $19,271 | $11,249 | ($1,717) | $47,737 |
Net Income (Loss) Available to Common Stockholders, Diluted | 22,315 | 11,249 | -1,717 | 47,737 |
Weighted Average Number of Shares Outstanding, Basic | 19,825,229 | 20,584,567 | 19,782,318 | 20,552,114 |
Incremental Common Shares Attributable to Share-based Payment Arrangements | 366,558 | 286,813 | 332,586 | 331,456 |
Incremental Common Shares Attributable to Conversion of Debt Securities | 4,200,525 | ' | 0 | ' |
Weighted Average Number of Shares Outstanding, Diluted | 24,392,312 | 20,871,380 | 20,114,904 | 20,883,570 |
Earnings Per Share, Basic | $0.97 | $0.55 | ($0.09) | $2.32 |
Earnings Per Share, Diluted | $0.91 | $0.54 | ($0.09) | $2.29 |
Outstanding Stock Awards [Member] | ' | ' | ' | ' |
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 355,490 | 593,344 | 503,726 | 531,101 |
Two Point Five Percentage Convertible Notes [Domain] | ' | ' | ' | ' |
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | ' | ' | 4,200,525 | ' |
Equity Securities [Member] | ' | ' | ' | ' |
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | ' | ' | ' | ' |
Dilutive Securities, Effect on Basic Earnings Per Share | 0 | 0 | 0 | 0 |
Convertible Debt Securities [Member] | ' | ' | ' | ' |
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | ' | ' | ' | ' |
Dilutive Securities, Effect on Basic Earnings Per Share | $3,044 | ' | $0 | ' |
Two Point Five Percentage Convertible Notes [Member] | ' | ' | ' | ' |
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 2.50% | ' | 2.50% | ' |
Share_Based_Compensation_Share
Share Based Compensation (Share Based Compensation Plans) (Details) | 6 Months Ended |
Jun. 30, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Director stock awards granted | 1,500,000 |
Employee Stock Purchase Plan shares issued | 18,056,000 |
Restricted stock awards granted | 147,800,000 |
Restricted stock awards forfeited | 17,000,000 |
Shares released from Deferred Compensation Plan | 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Stock Options, Outstanding as of December 31, 2012 | 1,281,821,000 |
Stock Option, Granted | 431,662,000 |
Stock Option, Exercised | -145,840,000 |
Stock Option, Forfeited | 0 |
Stock Option, Expired | -1,576,000 |
Stock Options, Outstanding as of June 30, 2013 | 1,566,067,000 |
Shares available for future grants and ESPP purchases as of June 30, 2013 | 937,987,000 |
Era Group [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' |
Stock Option, Granted | 318,012 |
Segment_Information_Operating_
Segment Information (Operating Results, Capital Expenditures And Assets By Reportable Segments) (Details) (USD $) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012 | Dec. 31, 2012 | |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | $315,563,000 | $309,225,000 | $582,627,000 | $607,074,000 | ' |
Costs and Expenses [Abstract] | ' | ' | ' | ' | ' |
Administrative and general | 34,718,000 | 36,301,000 | 70,363,000 | 71,292,000 | ' |
Depreciation and amortization | 33,783,000 | 33,220,000 | 67,331,000 | 62,922,000 | ' |
Total costs and expenses | 308,614,000 | 314,066,000 | 578,720,000 | 587,178,000 | ' |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | 12,305,000 | 3,342,000 | 14,320,000 | 7,119,000 | ' |
Operating Income (Loss) | 19,254,000 | -1,499,000 | 18,227,000 | 27,015,000 | ' |
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ' |
Derivative gains (losses), net | -825,000 | 2,554,000 | -2,932,000 | -404,000 | ' |
Foreign currency gains (losses), net | -916,000 | -1,024,000 | -4,927,000 | 637,000 | ' |
Other Nonoperating Income (Expense) | 195,000 | 443,000 | 198,000 | 359,000 | ' |
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 7,710,000 | 295,000 | 6,841,000 | 7,956,000 | ' |
Income from Continuing Operations Before Income Tax Expense and Equity in Earnings of 50% or Less Owned Companies | 19,561,000 | 9,450,000 | 6,741,000 | 32,437,000 | ' |
Capital Expenditures | ' | ' | 87,931,000 | 99,507,000 | ' |
Property, Plant and Equipment, Gross | 2,212,929,000 | ' | 2,212,929,000 | ' | 2,238,383,000 |
Accumulated depreciation | 806,672,000 | ' | 806,672,000 | ' | 763,803,000 |
Property, Plant and Equipment, Net In Service | 1,406,257,000 | ' | 1,406,257,000 | ' | 1,474,580,000 |
Construction in Progress, Gross | 133,985,000 | ' | 133,985,000 | ' | 110,296,000 |
Net property and equipment | 1,540,242,000 | ' | 1,540,242,000 | ' | 1,584,876,000 |
Inventories | 22,955,000 | ' | 22,955,000 | ' | 25,787,000 |
Goodwill | 17,978,000 | ' | 17,978,000 | ' | 17,978,000 |
Intangible Assets, Net | 14,594,000 | ' | 14,594,000 | ' | 15,305,000 |
Total assets | 2,768,333,000 | 3,845,817,000 | 2,768,333,000 | 3,845,817,000 | 3,700,794,000 |
Offshore Marine Services [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 138,650,000 | 123,359,000 | 262,642,000 | 244,310,000 | ' |
Inland River Services [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 46,780,000 | 53,302,000 | 96,203,000 | 106,792,000 | ' |
Shipping Services [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 48,103,000 | 42,716,000 | 94,579,000 | 88,449,000 | ' |
Ethanol and Industrial Alcohol [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 61,378,000 | 58,938,000 | 94,227,000 | 98,557,000 | ' |
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ' |
Sales Revenue, Goods, Net | ' | ' | 92,700,000 | 96,600,000 | ' |
Cost of Goods Sold | ' | ' | 91,900,000 | 92,700,000 | ' |
Inventory, Raw Materials | 2,800,000 | 2,800,000 | 2,800,000 | 2,800,000 | ' |
Inventory, Work in Process | 2,200,000 | 2,400,000 | 2,200,000 | 2,400,000 | ' |
Other Segments [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 20,652,000 | 30,910,000 | 34,976,000 | 68,966,000 | ' |
Corporate And Eliminations [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 0 | 0 | 0 | 0 | ' |
Operating Segments [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 315,563,000 | 309,225,000 | 582,627,000 | 607,074,000 | ' |
Costs and Expenses [Abstract] | ' | ' | ' | ' | ' |
Operating Expenses | 240,113,000 | 244,545,000 | 441,026,000 | 452,964,000 | ' |
Administrative and general | 34,718,000 | 36,301,000 | 70,363,000 | 71,292,000 | ' |
Depreciation and amortization | 33,783,000 | 33,220,000 | 67,331,000 | 62,922,000 | ' |
Total costs and expenses | 308,614,000 | 314,066,000 | 578,720,000 | 587,178,000 | ' |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | 12,305,000 | 3,342,000 | 14,320,000 | 7,119,000 | ' |
Operating Income (Loss) | 19,254,000 | -1,499,000 | 18,227,000 | 27,015,000 | ' |
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ' |
Derivative gains (losses), net | -825,000 | 2,554,000 | -2,932,000 | -404,000 | ' |
Foreign currency gains (losses), net | -916,000 | -1,024,000 | -4,927,000 | 637,000 | ' |
Other Nonoperating Income (Expense) | 195,000 | 443,000 | 198,000 | 359,000 | ' |
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 7,710,000 | 295,000 | 6,841,000 | 7,956,000 | ' |
Capital Expenditures | ' | ' | 87,931,000 | 99,507,000 | ' |
Property, Plant and Equipment, Gross | 2,212,929,000 | 2,168,106,000 | 2,212,929,000 | 2,168,106,000 | ' |
Accumulated depreciation | 806,672,000 | 714,730,000 | 806,672,000 | 714,730,000 | ' |
Property, Plant and Equipment, Net In Service | 1,406,257,000 | 1,453,376,000 | 1,406,257,000 | 1,453,376,000 | ' |
Construction in Progress, Gross | 133,985,000 | 143,100,000 | 133,985,000 | 143,100,000 | ' |
Net property and equipment | 1,540,242,000 | 1,596,476,000 | 1,540,242,000 | 1,596,476,000 | ' |
Investments, at Equity, and Advances to 50% or Less Owned Companies | 293,793,000 | 281,992,000 | 293,793,000 | 281,992,000 | ' |
Inventories | 22,955,000 | 27,248,000 | 22,955,000 | 27,248,000 | ' |
Goodwill | 17,978,000 | 56,702,000 | 17,978,000 | 56,702,000 | ' |
Intangible Assets, Net | 14,594,000 | 21,116,000 | 14,594,000 | 21,116,000 | ' |
Other Current And Long-Term Assets, Excluding Cash And Near Cash Assets | 289,573,000 | 341,501,000 | 289,573,000 | 341,501,000 | ' |
Operating Segments [Member] | Offshore Marine Services [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 138,678,000 | 123,276,000 | 262,694,000 | 244,362,000 | ' |
Costs and Expenses [Abstract] | ' | ' | ' | ' | ' |
Operating Expenses | 97,581,000 | 94,084,000 | 187,612,000 | 169,424,000 | ' |
Administrative and general | 14,235,000 | 13,146,000 | 29,062,000 | 25,002,000 | ' |
Depreciation and amortization | 16,460,000 | 15,859,000 | 32,747,000 | 28,741,000 | ' |
Total costs and expenses | 128,276,000 | 123,089,000 | 249,421,000 | 223,167,000 | ' |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | 7,895,000 | 624,000 | 10,234,000 | 2,469,000 | ' |
Operating Income (Loss) | 18,297,000 | 811,000 | 23,507,000 | 23,664,000 | ' |
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ' |
Derivative gains (losses), net | 175,000 | 0 | 325,000 | 0 | ' |
Foreign currency gains (losses), net | -833,000 | -354,000 | -4,097,000 | 769,000 | ' |
Other Nonoperating Income (Expense) | 11,000 | 11,000 | 11,000 | 11,000 | ' |
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 7,694,000 | 1,001,000 | 9,007,000 | 2,830,000 | ' |
Segment Profit (Loss) | 25,344,000 | 1,469,000 | 28,753,000 | 27,274,000 | ' |
Capital Expenditures | ' | ' | 49,764,000 | 64,383,000 | ' |
Property, Plant and Equipment, Gross | 1,151,751,000 | 1,075,935,000 | 1,151,751,000 | 1,075,935,000 | ' |
Accumulated depreciation | 439,211,000 | 393,813,000 | 439,211,000 | 393,813,000 | ' |
Property, Plant and Equipment, Net In Service | 712,540,000 | 682,122,000 | 712,540,000 | 682,122,000 | ' |
Construction in Progress, Gross | 90,847,000 | 107,709,000 | 90,847,000 | 107,709,000 | ' |
Net property and equipment | 803,387,000 | 789,831,000 | 803,387,000 | 789,831,000 | ' |
Investments, at Equity, and Advances to 50% or Less Owned Companies | 84,418,000 | 68,081,000 | 84,418,000 | 68,081,000 | ' |
Inventories | 5,885,000 | 5,738,000 | 5,885,000 | 5,738,000 | ' |
Goodwill | 13,367,000 | 13,367,000 | 13,367,000 | 13,367,000 | ' |
Intangible Assets, Net | 4,584,000 | 5,029,000 | 4,584,000 | 5,029,000 | ' |
Other Current And Long-Term Assets, Excluding Cash And Near Cash Assets | 146,551,000 | 148,525,000 | 146,551,000 | 148,525,000 | ' |
Total assets | 1,058,192,000 | 1,030,571,000 | 1,058,192,000 | 1,030,571,000 | ' |
Operating Segments [Member] | Inland River Services [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 47,357,000 | 53,302,000 | 97,434,000 | 106,792,000 | ' |
Costs and Expenses [Abstract] | ' | ' | ' | ' | ' |
Operating Expenses | 35,193,000 | 37,463,000 | 71,582,000 | 72,646,000 | ' |
Administrative and general | 3,921,000 | 3,773,000 | 7,945,000 | 7,755,000 | ' |
Depreciation and amortization | 7,078,000 | 7,244,000 | 14,162,000 | 14,251,000 | ' |
Total costs and expenses | 46,192,000 | 48,480,000 | 93,689,000 | 94,652,000 | ' |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | 4,296,000 | 858,000 | 4,993,000 | 2,785,000 | ' |
Operating Income (Loss) | 5,461,000 | 5,680,000 | 8,738,000 | 14,925,000 | ' |
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ' |
Derivative gains (losses), net | 0 | 0 | 0 | 0 | ' |
Foreign currency gains (losses), net | 219,000 | -71,000 | 82,000 | -93,000 | ' |
Other Nonoperating Income (Expense) | 0 | 0 | 0 | 0 | ' |
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 1,000 | 439,000 | -2,386,000 | 689,000 | ' |
Segment Profit (Loss) | 5,681,000 | 6,048,000 | 6,434,000 | 15,521,000 | ' |
Capital Expenditures | ' | ' | 9,238,000 | 13,108,000 | ' |
Property, Plant and Equipment, Gross | 466,553,000 | 481,045,000 | 466,553,000 | 481,045,000 | ' |
Accumulated depreciation | 134,235,000 | 116,509,000 | 134,235,000 | 116,509,000 | ' |
Property, Plant and Equipment, Net In Service | 332,318,000 | 364,536,000 | 332,318,000 | 364,536,000 | ' |
Construction in Progress, Gross | 17,700,000 | 12,790,000 | 17,700,000 | 12,790,000 | ' |
Net property and equipment | 350,018,000 | 377,326,000 | 350,018,000 | 377,326,000 | ' |
Investments, at Equity, and Advances to 50% or Less Owned Companies | 55,875,000 | 53,859,000 | 55,875,000 | 53,859,000 | ' |
Inventories | 2,260,000 | 2,038,000 | 2,260,000 | 2,038,000 | ' |
Goodwill | 2,759,000 | 4,345,000 | 2,759,000 | 4,345,000 | ' |
Intangible Assets, Net | 8,416,000 | 8,377,000 | 8,416,000 | 8,377,000 | ' |
Other Current And Long-Term Assets, Excluding Cash And Near Cash Assets | 37,260,000 | 49,890,000 | 37,260,000 | 49,890,000 | ' |
Total assets | 456,588,000 | 495,835,000 | 456,588,000 | 495,835,000 | ' |
Operating Segments [Member] | Shipping Services [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 48,103,000 | 42,824,000 | 94,579,000 | 88,557,000 | ' |
Costs and Expenses [Abstract] | ' | ' | ' | ' | ' |
Operating Expenses | 29,554,000 | 28,214,000 | 56,168,000 | 55,786,000 | ' |
Administrative and general | 6,124,000 | 5,505,000 | 11,301,000 | 10,372,000 | ' |
Depreciation and amortization | 7,907,000 | 7,362,000 | 15,704,000 | 14,979,000 | ' |
Total costs and expenses | 43,585,000 | 41,081,000 | 83,173,000 | 81,137,000 | ' |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | 114,000 | 1,860,000 | -2,955,000 | 1,860,000 | ' |
Operating Income (Loss) | 4,632,000 | 3,603,000 | 8,451,000 | 9,280,000 | ' |
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ' |
Derivative gains (losses), net | 0 | 0 | 0 | 0 | ' |
Foreign currency gains (losses), net | -8,000 | -4,000 | -15,000 | 9,000 | ' |
Other Nonoperating Income (Expense) | 188,000 | 257,000 | 202,000 | 287,000 | ' |
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | -403,000 | -774,000 | -1,908,000 | -991,000 | ' |
Segment Profit (Loss) | 4,409,000 | 3,082,000 | 6,730,000 | 8,585,000 | ' |
Capital Expenditures | ' | ' | 27,048,000 | 12,921,000 | ' |
Property, Plant and Equipment, Gross | 517,409,000 | 518,258,000 | 517,409,000 | 518,258,000 | ' |
Accumulated depreciation | 214,372,000 | 188,148,000 | 214,372,000 | 188,148,000 | ' |
Property, Plant and Equipment, Net In Service | 303,037,000 | 330,110,000 | 303,037,000 | 330,110,000 | ' |
Construction in Progress, Gross | 22,037,000 | 14,065,000 | 22,037,000 | 14,065,000 | ' |
Net property and equipment | 325,074,000 | 344,175,000 | 325,074,000 | 344,175,000 | ' |
Investments, at Equity, and Advances to 50% or Less Owned Companies | 66,786,000 | 90,626,000 | 66,786,000 | 90,626,000 | ' |
Inventories | 1,427,000 | 1,288,000 | 1,427,000 | 1,288,000 | ' |
Goodwill | 1,852,000 | 1,852,000 | 1,852,000 | 1,852,000 | ' |
Intangible Assets, Net | 1,134,000 | 1,677,000 | 1,134,000 | 1,677,000 | ' |
Other Current And Long-Term Assets, Excluding Cash And Near Cash Assets | 16,021,000 | 16,410,000 | 16,021,000 | 16,410,000 | ' |
Total assets | 412,294,000 | 456,028,000 | 412,294,000 | 456,028,000 | ' |
Operating Segments [Member] | Ethanol and Industrial Alcohol [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 61,378,000 | 58,938,000 | 94,227,000 | 98,557,000 | ' |
Costs and Expenses [Abstract] | ' | ' | ' | ' | ' |
Operating Expenses | 59,402,000 | 57,201,000 | 93,447,000 | 94,606,000 | ' |
Administrative and general | 477,000 | 434,000 | 1,138,000 | 859,000 | ' |
Depreciation and amortization | 1,489,000 | 1,578,000 | 2,978,000 | 2,630,000 | ' |
Total costs and expenses | 61,368,000 | 59,213,000 | 97,563,000 | 98,095,000 | ' |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | 0 | 0 | 0 | 0 | ' |
Operating Income (Loss) | 10,000 | -275,000 | -3,336,000 | 462,000 | ' |
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ' |
Derivative gains (losses), net | 473,000 | -236,000 | 512,000 | -721,000 | ' |
Foreign currency gains (losses), net | 0 | 0 | 0 | 0 | ' |
Other Nonoperating Income (Expense) | 0 | 0 | 0 | 0 | ' |
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 0 | 0 | 0 | 6,154,000 | ' |
Segment Profit (Loss) | 483,000 | -511,000 | -2,824,000 | 5,895,000 | ' |
Capital Expenditures | ' | ' | 217,000 | 0 | ' |
Property, Plant and Equipment, Gross | 44,006,000 | 43,693,000 | 44,006,000 | 43,693,000 | ' |
Accumulated depreciation | 8,614,000 | 2,595,000 | 8,614,000 | 2,595,000 | ' |
Property, Plant and Equipment, Net In Service | 35,392,000 | 41,098,000 | 35,392,000 | 41,098,000 | ' |
Construction in Progress, Gross | 0 | 0 | 0 | 0 | ' |
Net property and equipment | 35,392,000 | 41,098,000 | 35,392,000 | 41,098,000 | ' |
Investments, at Equity, and Advances to 50% or Less Owned Companies | 0 | 0 | 0 | 0 | ' |
Inventories | 12,164,000 | 12,822,000 | 12,164,000 | 12,822,000 | ' |
Goodwill | 0 | 0 | 0 | 0 | ' |
Intangible Assets, Net | 50,000 | 135,000 | 50,000 | 135,000 | ' |
Other Current And Long-Term Assets, Excluding Cash And Near Cash Assets | 10,925,000 | 7,154,000 | 10,925,000 | 7,154,000 | ' |
Total assets | 58,531,000 | 61,209,000 | 58,531,000 | 61,209,000 | ' |
Operating Segments [Member] | Other Segments [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 20,652,000 | 30,893,000 | 34,976,000 | 69,001,000 | ' |
Costs and Expenses [Abstract] | ' | ' | ' | ' | ' |
Operating Expenses | 18,960,000 | 27,566,000 | 33,448,000 | 60,643,000 | ' |
Administrative and general | 1,323,000 | 5,899,000 | 2,979,000 | 10,697,000 | ' |
Depreciation and amortization | 96,000 | 711,000 | 195,000 | 1,400,000 | ' |
Total costs and expenses | 20,379,000 | 34,176,000 | 36,622,000 | 72,740,000 | ' |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | 0 | 0 | 1,907,000 | 5,000 | ' |
Operating Income (Loss) | 273,000 | -3,283,000 | 261,000 | -3,734,000 | ' |
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ' |
Derivative gains (losses), net | -450,000 | 2,516,000 | 392,000 | 1,099,000 | ' |
Foreign currency gains (losses), net | -169,000 | -84,000 | -336,000 | 15,000 | ' |
Other Nonoperating Income (Expense) | 0 | 0 | 54,000 | 0 | ' |
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 418,000 | -371,000 | 2,128,000 | -726,000 | ' |
Segment Profit (Loss) | 72,000 | -1,222,000 | 2,499,000 | -3,346,000 | ' |
Capital Expenditures | ' | ' | 357,000 | 6,314,000 | ' |
Property, Plant and Equipment, Gross | 3,989,000 | 22,704,000 | 3,989,000 | 22,704,000 | ' |
Accumulated depreciation | 531,000 | 3,587,000 | 531,000 | 3,587,000 | ' |
Property, Plant and Equipment, Net In Service | 3,458,000 | 19,117,000 | 3,458,000 | 19,117,000 | ' |
Construction in Progress, Gross | 2,087,000 | 2,864,000 | 2,087,000 | 2,864,000 | ' |
Net property and equipment | 5,545,000 | 21,981,000 | 5,545,000 | 21,981,000 | ' |
Investments, at Equity, and Advances to 50% or Less Owned Companies | 86,714,000 | 69,426,000 | 86,714,000 | 69,426,000 | ' |
Inventories | 1,219,000 | 5,362,000 | 1,219,000 | 5,362,000 | ' |
Goodwill | 0 | 37,138,000 | 0 | 37,138,000 | ' |
Intangible Assets, Net | 410,000 | 5,898,000 | 410,000 | 5,898,000 | ' |
Other Current And Long-Term Assets, Excluding Cash And Near Cash Assets | 56,591,000 | 83,664,000 | 56,591,000 | 83,664,000 | ' |
Total assets | 150,479,000 | 223,469,000 | 150,479,000 | 223,469,000 | ' |
Operating Segments [Member] | Corporate And Eliminations [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | -605,000 | -8,000 | -1,283,000 | -195,000 | ' |
Costs and Expenses [Abstract] | ' | ' | ' | ' | ' |
Operating Expenses | -577,000 | 17,000 | -1,231,000 | -141,000 | ' |
Administrative and general | 8,638,000 | 7,544,000 | 17,938,000 | 16,607,000 | ' |
Depreciation and amortization | 753,000 | 466,000 | 1,545,000 | 921,000 | ' |
Total costs and expenses | 8,814,000 | 8,027,000 | 18,252,000 | 17,387,000 | ' |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | 0 | 0 | 141,000 | 0 | ' |
Operating Income (Loss) | -9,419,000 | -8,035,000 | -19,394,000 | -17,582,000 | ' |
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ' |
Derivative gains (losses), net | -1,023,000 | 274,000 | -4,161,000 | -782,000 | ' |
Foreign currency gains (losses), net | -125,000 | -511,000 | -561,000 | -63,000 | ' |
Other Nonoperating Income (Expense) | -4,000 | 175,000 | -69,000 | 61,000 | ' |
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 0 | 0 | 0 | 0 | ' |
Capital Expenditures | ' | ' | 1,307,000 | 2,781,000 | ' |
Property, Plant and Equipment, Gross | 29,221,000 | 26,471,000 | 29,221,000 | 26,471,000 | ' |
Accumulated depreciation | 9,709,000 | 10,078,000 | 9,709,000 | 10,078,000 | ' |
Property, Plant and Equipment, Net In Service | 19,512,000 | 16,393,000 | 19,512,000 | 16,393,000 | ' |
Construction in Progress, Gross | 1,314,000 | 5,672,000 | 1,314,000 | 5,672,000 | ' |
Net property and equipment | 20,826,000 | 22,065,000 | 20,826,000 | 22,065,000 | ' |
Investments, at Equity, and Advances to 50% or Less Owned Companies | 0 | 0 | 0 | 0 | ' |
Inventories | 0 | 0 | 0 | 0 | ' |
Goodwill | 0 | 0 | 0 | 0 | ' |
Intangible Assets, Net | 0 | 0 | 0 | 0 | ' |
Other Current And Long-Term Assets, Excluding Cash And Near Cash Assets | 22,225,000 | 35,858,000 | 22,225,000 | 35,858,000 | ' |
Intersegment Eliminations [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 0 | 0 | 0 | 0 | ' |
Intersegment Eliminations [Member] | Offshore Marine Services [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | -28,000 | -83,000 | 52,000 | 52,000 | ' |
Intersegment Eliminations [Member] | Inland River Services [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | -577,000 | 0 | 1,231,000 | 0 | ' |
Intersegment Eliminations [Member] | Shipping Services [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 0 | 108,000 | 0 | 108,000 | ' |
Intersegment Eliminations [Member] | Ethanol and Industrial Alcohol [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 0 | 0 | 0 | 0 | ' |
Intersegment Eliminations [Member] | Other Segments [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 0 | -17,000 | 0 | 35,000 | ' |
Intersegment Eliminations [Member] | Corporate And Eliminations [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Operating Revenues | 605,000 | -8,000 | -1,283,000 | -195,000 | ' |
Segment Reconciling Items [Member] | ' | ' | ' | ' | ' |
Other Income and Expenses [Abstract] | ' | ' | ' | ' | ' |
Other Income (Expense) not included in Segment Profit | -1,853,000 | -8,976,000 | 3,825,000 | -4,830,000 | ' |
Less Equity Earnings included in Segment Profit | -7,710,000 | -295,000 | -6,841,000 | -7,956,000 | ' |
Cash And Near Cash Assets | 589,198,000 | 533,439,000 | 589,198,000 | 533,439,000 | ' |
Assets of Disposal Group, Including Discontinued Operation | ' | $987,343,000 | ' | $987,343,000 | ' |
Discontinued_Operations_Detail
Discontinued Operations (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012 |
Operating Revenues | $315,563 | $309,225 | $582,627 | $607,074 |
Administrative and general | 34,718 | 36,301 | 70,363 | 71,292 |
Depreciation and amortization | 33,783 | 33,220 | 67,331 | 62,922 |
Total costs and expenses | 308,614 | 314,066 | 578,720 | 587,178 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | 12,305 | 3,342 | 14,320 | 7,119 |
Operating Income (Loss) | 19,254 | -1,499 | 18,227 | 27,015 |
Nonoperating Income (Expense) | 307 | 10,949 | -11,486 | 5,422 |
Income Tax Expense (Benefit) | 7,975 | 3,250 | 5,322 | 12,710 |
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 7,710 | 295 | 6,841 | 7,956 |
Net Income | 19,296 | 11,299 | -2,065 | 47,672 |
SES Business [Member] | ' | ' | ' | ' |
Operating Revenues | 0 | 0 | 0 | 22,387 |
Operating Expenses | 0 | 0 | 0 | 18,234 |
Administrative and general | 0 | 567 | 0 | 4,587 |
Depreciation and amortization | 0 | 0 | 0 | 1,428 |
Total costs and expenses | 0 | 567 | 0 | 24,249 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | 0 | 0 | 0 | -71 |
Operating Income (Loss) | 0 | -567 | 0 | -1,933 |
Nonoperating Income (Expense) | 0 | 5 | -1,537 | 24,971 |
Income Tax Expense (Benefit) | 0 | -197 | -538 | 4,305 |
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 0 | 0 | 0 | 302 |
Net Income | 0 | -365 | -999 | 19,035 |
SEI [Member] | ' | ' | ' | ' |
Operating Revenues | 0 | 153,388 | 0 | 316,318 |
Operating Expenses | 0 | 150,837 | 0 | 310,800 |
Administrative and general | 0 | 1,626 | 0 | 3,136 |
Depreciation and amortization | 0 | 1 | 0 | -4 |
Total costs and expenses | 0 | 152,464 | 0 | 313,932 |
Operating Income (Loss) | 0 | 924 | 0 | 2,386 |
Nonoperating Income (Expense) | 0 | 1,136 | -143 | 5 |
Income Tax Expense (Benefit) | 0 | 864 | -50 | 1,103 |
Net Income | 0 | 1,196 | -93 | 1,288 |
Era Group [Member] | ' | ' | ' | ' |
Operating Revenues | 0 | 62,985 | 22,892 | 124,037 |
Operating Expenses | 0 | 39,002 | 14,076 | 78,678 |
Administrative and general | 0 | 7,195 | 2,653 | 16,872 |
Depreciation and amortization | 0 | 10,464 | 3,875 | 20,094 |
Total costs and expenses | 0 | 56,661 | 20,604 | 115,644 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | 0 | 1,077 | 548 | 2,842 |
Operating Income (Loss) | 0 | 7,401 | 2,836 | 11,235 |
Nonoperating Income (Expense) | 0 | -2,323 | -1,316 | -3,136 |
Income Tax Expense (Benefit) | 0 | 1,861 | 10,818 | 2,770 |
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax | 0 | 756 | 65 | -5,663 |
Net Income | 0 | 3,973 | -9,233 | -334 |
Consolidation, Eliminations [Member] | ' | ' | ' | ' |
Operating Revenues | 0 | -31,176 | 0 | -55,124 |
Operating Expenses | 0 | -31,174 | 0 | -55,122 |
Administrative and general | 0 | -2 | 0 | -2 |
Total costs and expenses | 0 | -31,176 | 0 | -55,124 |
Operating Income (Loss) | $0 | $0 | $0 | $0 |
Restatement_Details
Restatement (Details) (USD $) | 3 Months Ended | 6 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012 | Dec. 31, 2012 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012 | Dec. 31, 2013 | |
Scenario, Previously Reported [Member] | Era Group [Member] | Era Group [Member] | Era Group [Member] | Era Group [Member] | Era Group [Member] | ||||||
Liability for Uncertain Tax Positions, Current | ' | ' | ' | ' | ' | ' | $10,100,000 | ' | $10,100,000 | ' | $10,100,000 |
Other current liabilities | 122,424,000 | ' | 122,424,000 | ' | 93,093,000 | 112,310,000 | ' | ' | ' | ' | ' |
Total current liabilities | 220,728,000 | ' | 220,728,000 | ' | 265,641,000 | 210,614,000 | ' | ' | ' | ' | ' |
Total liabilities | 1,431,897,000 | ' | 1,431,897,000 | ' | 1,958,119,000 | 1,421,783,000 | ' | ' | ' | ' | ' |
Retained earnings | 1,056,583,000 | ' | 1,056,583,000 | ' | 1,473,509,000 | 1,066,697,000 | ' | ' | ' | ' | ' |
Stockholders' equity attributable to parent, total | 1,311,558,000 | ' | 1,311,558,000 | ' | 1,713,654,000 | 1,321,672,000 | ' | ' | ' | ' | ' |
Total equity | 1,336,436,000 | ' | 1,336,436,000 | ' | 1,742,675,000 | 1,346,550,000 | ' | ' | ' | ' | ' |
Income (Loss) from Discontinued Operations, Net of Tax | 0 | 4,804,000 | -10,325,000 | 19,989,000 | ' | -211,000 | ' | ' | ' | ' | ' |
Net Income | 19,296,000 | 11,299,000 | -2,065,000 | 47,672,000 | ' | 8,049,000 | 0 | 3,973,000 | -9,233,000 | -334,000 | ' |
Net Income attributable to SEACOR Holdings Inc. | 19,271,000 | 11,249,000 | -1,717,000 | 47,737,000 | ' | 8,397,000 | ' | ' | ' | ' | ' |
Income (Loss) from Continuing Operations Attributable to Parent | 19,271,000 | 6,445,000 | 8,508,000 | 27,748,000 | ' | 8,508,000 | ' | ' | ' | ' | ' |
Discontinued operations, net of tax | 0 | 4,804,000 | -10,225,000 | 19,989,000 | ' | -111,000 | ' | ' | ' | ' | ' |
Continuing operations | $0.97 | $0.31 | $0.43 | $1.35 | ' | $0.43 | ' | ' | ' | ' | ' |
Discontinued operations | $0 | $0.24 | ($0.52) | $0.97 | ' | ($0.01) | ' | ' | ' | ' | ' |
Earnings Per Share, Basic | $0.97 | $0.55 | ($0.09) | $2.32 | ' | $0.42 | ' | ' | ' | ' | ' |
Continuing operations | $0.91 | $0.31 | $0.42 | $1.33 | ' | $0.42 | ' | ' | ' | ' | ' |
Discontinued operations | $0 | $0.23 | ($0.51) | $0.96 | ' | $0 | ' | ' | ' | ' | ' |
Earnings Per Share, Diluted | $0.91 | $0.54 | ($0.09) | $2.29 | ' | $0.42 | ' | ' | ' | ' | ' |
Comprehensive Income | 19,397,000 | 10,743,000 | -4,719,000 | 49,956,000 | ' | 5,395,000 | ' | ' | ' | ' | ' |
Comprehensive Income attributable to SEACOR Holdings Inc. | $19,349,000 | $10,787,000 | ($3,919,000) | $49,864,000 | ' | $6,195,000 | ' | ' | ' | ' | ' |