v3.26.3
BUSINESS COMBINATIONS AND MERGERS (Tables)
9 Months Ended
Sep. 30, 2026
BUSINESS COMBINATIONS AND MERGERS [Abstract]  
Schedule of Purchase Price Allocation

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(Dollars in thousands)

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Amounts

Cash paid

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$

5,000

Fair value of previously held equity interest

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​

5,000

Total Purchase Consideration

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​

10,000

Fair value of identifiable assets acquired and liabilities assumed:

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​

​

Cash and cash equivalents

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​

507

Other tangible assets

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5,786

Other tangible liabilities

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​

(3,917)

Total fair value of identifiable net assets acquired

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​

2,376

Goodwill initially recognized(1)(2)

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$

7,624

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(1)Goodwill is primarily attributable to the assembled workforce of TUKA and brand recognition of TIL.
(2)For segment reporting purposes, goodwill is included in the Crude Tankers reportable segment.