Quarterly report pursuant to Section 13 or 15(d)

Other Long-Term Financial Liabilities (Tables)

v3.20.2
Other Long-Term Financial Liabilities (Tables)
6 Months Ended
Jun. 30, 2020
Other Long-Term Financial Liabilities [Abstract]  
Impact of Failed Sale Leasebacks, Income Statement
During the six months ended June 30, the amounts recognized in the accompanying condensed consolidated statements of income related to these "failed" sale-leasebacks were as follows (in thousands):
2020
Depreciation and amortization $ 109   
Interest expense 94   
Schedule of Future Minimum Payments for Failed Sale Leasebacks
As of June 30, 2020, the future minimum lease payments under these agreements for the years ended December 31, were as follows (in thousands):
Remainder of 2020 $ 1,284   
2021 2,568   
2022 2,568   
2023 2,568   
2024 2,568   
Years subsequent to 2024 5,371   
$ 16,927   
Schedule of Future Depreciation Expense for Failed Sale Leasebacks
As of June 30, 2020, depreciation expense to be recognized on these U.S.-flag harbor tugs through the end of the lease term for the years ended December 31, was as follows (in thousands):
Remainder of 2020 $ 657   
2021 1,313   
2022 1,313   
2023 1,313   
2024 1,313   
Years subsequent to 2024 2,735   
$ 8,644