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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Mar. 31, 2012
CURRENT    
Cash and cash equivalents $ 4,157 $ 5,563
Accounts receivable, net (Note 4) 25,551 5,343
Prepaid expenses and other current assets (Notes 5 and 8) 7,449 6,510
Deferred income taxes (Note 6) 286 284
Total current assets 37,443 17,700
PROPERTY AND EQUIPMENT, NET (Note 7) 204,271 200,862
LOAN TO EMPLOYEE 250 250
OTHER ASSETS (Note 8) 1,360 1,528
DEFERRED INCOME TAXES (Note 6) 760 1,318
DEFERRED DRYDOCK COSTS, NET (Note 9) 11,309 9,879
INTANGIBLE ASSETS, NET (Note 10) 15,229 16,101
GOODWILL (Note 10) 10,193 10,193
Total assets 280,815 257,831
CURRENT    
Bank indebtedness (Note 12) 23,804   
Accounts payable 20,340 19,301
Accrued liabilities (Note 13) 17,811 18,175
Interest rate swap contracts (Note 21) 809 1,088
Income taxes payable 32 76
Deferred income taxes (Note 6) 237 418
Current portion of deferred payment liability (Note 11) 431 431
Current portion of long-term debt (Note 14) 9,599 9,686
Total current liabilities 73,063 49,175
LONG-TERM PORTION OF DEFERRED PAYMENT LIABILITY (Note 11) 1,958 2,063
LONG-TERM DEBT (Note 14) 119,972 123,915
OTHER LIABILITIES 242 242
DEFERRED INCOME TAXES (Note 6) 4,543 3,091
Total liabilities 199,778 178,486
COMMITMENTS AND CONTINGENCIES (Notes 15 and 16)      
STOCKHOLDERS' EQUITY    
Preferred stock, $.0001 par value, Authorized 1,000,000 shares, Issued and outstanding 300,000 shares (Note 17) 14,900 14,900
Common stock, $.0001 par value Authorized 50,000,000 shares, Issuable and outstanding 17,724,306 shares (Note 17) 1 1
Additional paid-in capital 88,269 87,853
Accumulated deficit (23,012) (25,349)
Accumulated other comprehensive income 879 1,940
Total stockholders' equity 81,037 79,345
Total liabilities and stockholders' equity $ 280,815 $ 257,831