Note 11 - Properties and Equipment, Accrued Expenses, Other Current Liabilities and Other Liabilities

6 Months Ended

Jun. 30, 2025

Other Assets Accrued Expenses Other Current Liabilities And Other Liabilities And Deferred Credits [Text Block]

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PROPERTIES AND EQUIPMENT, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES

As of June 30, 2025, our property and equipment consisted primarily of 211 owned vessels located around the world. As of December 31, 2024, our property and equipment consisted primarily of 211 owned vessels. During the six months ending June 30, 2025, we sold six vessels and other assets for approximately $11.1 million in proceeds and recognized a net gain of $8.0 million on the dispositions. During the six months ending June 30, 2024, we sold four vessels for approximately $14.8 million in proceeds and recognized a net $13.0 million gain on the dispositions.

A summary of properties and equipment is as follows:

(In Thousands)
	June 30, 2025		December 31, 2024
Properties and equipment:
Vessels and related equipment	$	1,740,674	$	1,727,197
Other properties and equipment		33,756		28,969
		1,774,430		1,756,166
Less accumulated depreciation and amortization		642,316		571,884
Properties and equipment, net	$	1,132,114	$	1,184,282

A summary of accrued expenses is as follows:

(In Thousands)
	June 30, 2025		December 31, 2024
Payroll and related payables	$	42,850	$	43,256
Accrued vessel expenses		49,117		42,762
Accrued interest expense		16,974		16,727
Other accrued expenses		22,364		27,149
	$	131,305	$	129,894

A summary of other current liabilities is as follows:

(In Thousands)
	June 30, 2025		December 31, 2024
Taxes payable	$	55,906	$	48,122
Other		13,782		16,826
	$	69,688	$	64,948

A summary of other liabilities is as follows:

(In Thousands)
	June 30, 2025		December 31, 2024
Pension liabilities	$	15,906	$	17,525
Liability for uncertain tax positions		23,362		24,582
Other		23,929		18,289
	$	63,197	$	60,396