Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Accounting Policies (Tables)

v3.19.1
Basis of Presentation and Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2019
Basis Of Presentation And Accounting Policies [Abstract]  
Schedule of Deferred Revenues

Revenue that does not meet the aforementioned criteria is deferred until the criteria is met and are considered contract liabilities. Contract liabilities which are included in other current liabilities in the accompanying condensed consolidated balance sheets, for the three months ended March 31 were as follows (in thousands):

 

 

 

2019

 

 

2018

 

Balance at beginning of period

 

$

1,327

 

 

$

10,104

 

Revenues deferred during the period

 

 

3,409

 

 

 

875

 

Revenues recognized during the period

 

 

(1,135

)

 

 

(1,550

)

Balance at end of period

 

$

3,601

 

 

$

9,429

 

 

Schedule of Property and Equipment Useful Life

As of March 31, 2019, the estimated useful life (in years) of each of the Company’s major categories of new equipment was as follows:

 

Offshore Support Vessels:

 

 

Crew transfer vessels

 

10

All other offshore support vessels (excluding crew transfer vessels)

 

20

 

Schedule of Deferred Gain Activity Deferred gain activity related to these transactions for the three months ended March 31 was as follows (in thousands):

 

 

 

2019

 

 

2018

 

Balance at beginning of period

 

$

11,819

 

 

$

25,006

 

Amortization of deferred gains included in operating expenses as a reduction to rental expense

 

 

 

 

 

(2,009

)

Impact of adoption of new accounting standard

 

 

(11,026

)

 

 

 

Other adjustments

 

 

 

 

 

(25

)

Balance at end of period

 

$

793

 

 

$

22,972

 

 

 

Schedule of Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Income (Loss). The components of accumulated other comprehensive loss were as follows (in thousands):

 

 

 

SEACOR Marine Holdings Inc.

Stockholders’ Equity

 

 

Noncontrolling Interests

 

 

 

 

 

 

 

Foreign

Currency

Translation

Adjustments

 

 

Derivative     Income (Losses) on Cash Flow Hedges, net

 

 

Total

 

 

Foreign

Currency

Translation

Adjustments

 

 

Derivative     Income (Losses) on Cash Flow Hedges, net

 

 

Other

Comprehensive

Income (Loss)

 

December 31, 2018

 

$

(15,472

)

 

$

(1,316

)

 

$

(16,788

)

 

$

(1,445

)

 

$

(11

)

 

 

 

 

Other comprehensive income

   (loss)

 

 

875

 

 

 

(899

)

 

 

(24

)

 

 

 

 

 

 

 

$

(24

)

Three Months Ended March

   31, 2019

 

$

(14,597

)

 

$

(2,215

)

 

$

(16,812

)

 

$

(1,445

)

 

$

(11

)

 

$

(24

)