Annual report pursuant to Section 13 and 15(d)

Other Long-Term Financial Liabilities (Tables)

v3.20.4
Other Long-Term Financial Liabilities (Tables)
12 Months Ended
Dec. 31, 2020
Other Long-Term Financial Liabilities [Abstract]  
Impact of Failed Sale Leasebacks, Income Statement
During the twelve months ended December 31, the amounts recognized in the accompanying consolidated statements of income related to these "failed" sale-leasebacks were as follows (in thousands):
2020
Depreciation and amortization $ 766 
Interest expense 651 
Schedule of Future Minimum Payments for Failed Sale Leasebacks
As of December 31, 2020, the future minimum lease payments under these agreements for the years ended December 31, were as follows (in thousands):
2021 $ 2,568 
2022 2,568 
2023 2,568 
2024 2,568 
2025 2,568 
Years subsequent to 2025 2,803 
$ 15,643 
Schedule of Future Depreciation Expense for Failed Sale Leasebacks
As of December 31, 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):
2021 $ 1,313 
2022 1,313 
2023 1,313 
2024 1,313 
2025 1,313 
Years subsequent to 2025 1,422 
$ 7,987