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DEFERRED DRYDOCK COSTS
3 Months Ended
Jun. 30, 2012
Deferred Drydock Costs [Abstract]  
DEFERRED DRYDOCK COSTS
DEFERRED DRYDOCK COSTS

Deferred drydock costs are comprised of the following:

 
June 30, 2012
 
March 31, 2012
Drydock expenditures
$
24,700

 
$
22,573

Accumulated amortization
13,391

 
12,694

 
$
11,309

 
$
9,879


 
The following table shows periodic deferrals of drydock costs and amortization.

Balance as of March 31, 2011
$
6,523

Drydock costs accrued
6,535

Amortization of drydock costs
(3,048
)
Foreign currency translation adjustment
(131
)
Balance as of March 31, 2012
$
9,879

Drydock costs accrued
2,480

Amortization of drydock costs
(879
)
Foreign currency translation adjustment
(171
)
Balance as of June 30, 2012
$
11,309