Quarterly report pursuant to Section 13 or 15(d)

Noncontrolling Interests in Subsidiaries (Notes)

v3.8.0.1
Noncontrolling Interests in Subsidiaries (Notes)
3 Months Ended
Mar. 31, 2018
Noncontrolling Interest [Abstract]  
Noncontrolling Interests in Subsidiaries Disclosure [Text Block]
10. NONCONTROLLING INTERESTS IN SUBSIDIARIES
Noncontrolling interests in the Company’s consolidated subsidiaries were as follows (in thousands):
 
Noncontrolling Interests
 
March 31, 2018
 
December 31, 2017
Ocean Services:
 
 
 
 
 
 
 
SEA-Vista
49%
 
$
133,473

 
$
128,550

Inland Services:
 
 
 
 
 
 
 
Other
3.0
%
51.8%
 
840

 
977

Other
5.0%
 
150

 
151

 
 
 
 
 
$
134,463

 
$
129,678


SEA-Vista. SEA-Vista owns and operates the Company’s fleet of U.S.-flag petroleum and chemical carriers used in the U.S. coastwise trade of crude oil, petroleum and specialty chemical products. As of March 31, 2018, the net assets of SEA-Vista were $272.4 million. During the three months ended March 31, 2018, the net income of SEA-Vista was $10.0 million, of which $4.9 million was attributable to noncontrolling interests. During the three months ended March 31, 2017, the net income of SEA-Vista was $13.1 million, of which $6.4 million was attributable to noncontrolling interests.