Sale of Management & Consolidation/Deconsolidation of Navios Containers (Tables)
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12 Months Ended |
Dec. 31, 2020 |
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| SALE OF MANAGEMENT & CONSOLIDATION/DECONSOLIDATION OF NAVIOS CONTAINERS [Abstract] |
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| Gain on sale |
Proceeds received: | | | Cash consideration | | 3,000 | Less: Transaction fees | $ | (1,088) | | | 1,912 | Carrying value of assets and liabilities: | | | Net liabilities derecognized | | 158,795 | Loan payable to NSM assumed | | (141,795) | Book value of general partner interest in Navios Partners | | (3,212) | Book value of Other fixed assets | | (6,213) | Lease liability, net | | 315 | | | 7,890 | Gain on sale | $ | 9,802 |
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| Discontinued Operations |
| | Period from January 1 to August 30, 2019 | | | Period from November 30 to December 31, 2018 | | Revenue | | $ | 89,925 | | | $ | 12,053 | | Time charter, voyage and port terminal expenses | | | (3,976) | | | | (546) | | Direct vessel expenses | | | (44,088) | | | | (5,282) | | General and administrative expenses | | | (6,706) | | | | (873) | | Depreciation and amortization | | | (22,858) | | | | (3,060) | | Interest expense and finance cost | | | (10,519) | | | | (1,204) | | Other expense, net | | | (5,896) | | | | (336) | | Net (loss)/income from discontinued operations | | $ | (4,118) | | | $ | 752 | | Less: Net loss/(income) attributable to the noncontrolling interest | | $ | 3,968 | | | $ | (725) | | Net (loss)/income attributable to Navios Holdings common stockholders | | $ | (150) | | | $ | 27 | | | | | | | | | | | |
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| Fair value of Navios Containers' outsantading shares, assets and liabilities and noncontrolling interest |
Fair value of Navios Containers’ outstanding shares: | | | | | Fair value of Navios Holdings’ interest (3.7%) | | $ | 6,269 | | Fair value of noncontrolling interest (96.3%) | | | 165,474 | | Total fair value of Navios Containers’ outstanding shares | | | 171,743 | | Fair value of Navios Containers’ assets and liabilities: | | | | | Current assets (including cash and restricted cash of $24,400) | | $ | 27,705 | | Vessels | | | 376,133 | | Favorable lease terms | | | 31,342 | | Long term receivable from affiliate companies | | | 7,313 | | Other long term assets | | | 1,099 | | Long term debt assumed (including current portion) | | | (199,000 | ) | Current liabilities | | | (14,727 | ) | Fair value of Navios Containers’ net assets | | | 229,865 | | Bargain gain upon obtaining control | | $ | 58,122 | |
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| Schedule of acquired intangible assets |
| | Weighted Average Amortization (years) | | | Amortization per Year | | Favorable lease terms | | | 1.4 | | | $ | (22,391) | |
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