Note 20 - Subsequent Events
|12 Months Ended|
Dec. 31, 2018
|Notes to Financial Statements|
|Subsequent Events [Text Block]||
January 9, 2019,the Company acquired
threeFSVs in exchange for the private placement of
603,872shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana. The Company has operated the acquired vessels for the past
tenyears under a revenue sharing pooling agreement that included
fourof its owned FSVs of similar specification. In accordance with its terms, this pooling agreement was terminated.
January 25, 2019,Seabulk Overseas, a wholly-owned subsidiary of SEACOR Marine, acquired a
6.25%minority interest in Windcat Workboats that it did
notpreviously own upon the exercise of a put option by
twominority owners pursuant to the terms of a certain Subscription and Shareholders Agreement, as amended, for consideration of
$2.0million). In addition, the other minority owner has exercised a put option to sell its
6.25%minority interest in Windcat Workboats to the Company, and the parties have
notyet closed the sale. The
twoacquisitions will result in Seabulk Overseas owning
100%of Windcat Workboats, a consolidated subsidiary which owns and operates the Company's crew transfer vessels that are primarily used to move personnel and supplies in Europe’s offshore wind markets.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef