Quarterly report pursuant to Section 13 or 15(d)

Noncontrolling Interests in Subsidiaries (Notes)

v3.5.0.2
Noncontrolling Interests in Subsidiaries (Notes)
9 Months Ended
Sep. 30, 2016
Noncontrolling Interest [Abstract]  
Noncontrolling Interests in Subsidiaries Disclosure [Text Block]
NONCONTROLLING INTERESTS IN SUBSIDIARIES
Noncontrolling interests in the Company’s consolidated subsidiaries were as follows (in thousands):
 
Noncontrolling Interests
 
September 30, 2016
 
December 31, 2015
Offshore Marine Services:
 
 
 
 
 
 
 
Windcat Workboats
25%
 
$
5,730

 
$
7,484

Other
1.8
%
30%
 
265

 
470

Inland River Services:
 
 
 
 
 
 
 
Other
3.0
%
51.8%
 
953

 
1,146

Shipping Services:
 
 
 
 
 
 
 
Sea-Vista
49%
 
104,182

 
88,290

Illinois Corn Processing
30%
 
20,942

 
22,272

Other
5.0
%
14.6%
 
152

 
457

 
 
 
 
 
$
132,224

 
$
120,119


Windcat Workboats. Windcat Workboats owns and operates the Company’s wind farm utility vessels that are primarily used to move personnel and supplies in the major offshore wind markets of Europe. As of September 30, 2016, the net assets of Windcat Workboats were $22.9 million. During the nine months ended September 30, 2016, the net loss of Windcat Workboats was $3.6 million, of which $0.9 million was attributable to noncontrolling interests. During the nine months ended September 30, 2015, the net income of Windcat Workboats was $3.4 million, of which $0.9 million was attributable to noncontrolling interests.
SEA-Vista. SEA-Vista owns and operates the Company’s fleet of U.S.-flag product tankers used in the U.S. coastwise trade of crude oil, petroleum and specialty chemical products. As of September 30, 2016, the net assets of SEA-Vista were $212.6 million. During the nine months ended September 30, 2016, the net income of SEA-Vista was $32.4 million, of which $15.9 million was attributable to noncontrolling interests. During the nine months ended September 30, 2015, the net loss of SEA-Vista was $9.6 million, of which $4.7 million was attributable to noncontrolling interests.
Illinois Corn Processing. ICP owns and operates an alcohol manufacturing, storage and distribution facility located in Pekin, IL. As of September 30, 2016, the net assets of ICP were $69.8 million. During the nine months ended September 30, 2016, the net income of ICP was $6.6 million, of which $2.0 million was attributable to noncontrolling interests. During the nine months ended September 30, 2015, the net income of ICP was $19.4 million, of which $5.8 million was attributable to noncontrolling interests.