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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Mar. 31, 2012
CURRENT    
Cash and cash equivalents $ 5,709 $ 5,563
Accounts receivable, net (Note 4) 24,525 5,343
Prepaid expenses and other current assets (Notes 5 and 8) 7,415 6,510
Deferred income taxes (Note 6) 286 284
Total current assets 37,935 17,700
PROPERTY AND EQUIPMENT, NET (Note 7) 216,749 200,862
LOAN TO EMPLOYEE 250 250
OTHER ASSETS (Note 8) 1,153 1,528
DEFERRED INCOME TAXES (Note 6) 0 1,318
DEFERRED DRYDOCK COSTS, NET (Note 9) 10,615 9,879
INTANGIBLE ASSETS, NET (Note 10) 13,734 16,101
GOODWILL (Note 10) 10,193 10,193
Total assets 290,629 257,831
CURRENT    
Bank indebtedness (Note 12) 12,103   
Accounts payable 17,704 19,301
Accrued liabilities (Note 13) 19,949 18,175
Interest rate swap contracts (Note 21) 549 1,088
Income taxes payable 23 76
Deferred income taxes (Note 6) 483 418
Current portion of deferred payment liability (Note 11) 431 431
Current portion of long-term debt (Note 14) 3,674 9,686
Total current liabilities 54,916 49,175
LONG-TERM PORTION OF DEFERRED PAYMENT LIABILITY (Note 11) 1,851 2,063
LONG-TERM DEBT (Note 14) 143,271 123,915
OTHER LIABILITIES 242 242
DEFERRED INCOME TAXES (Note 6) 5,681 3,091
Total liabilities 205,961 178,486
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 17,726,847 shares (Note 17) 1 1
Additional paid-in capital 88,288 87,853
Accumulated deficit (20,912) (25,349)
Accumulated other comprehensive income 2,391 1,940
Total stockholders' equity 84,668 79,345
Total liabilities and stockholders' equity $ 290,629 $ 257,831