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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 225 $ 10,951
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of drydock costs 18,039 16,736
Amortization of intangibles and deferred financing costs 3,412 1,782
Deferred income taxes (164) (466)
Non-cash Interest 608 0
Asset Impairment Charges 1,872 0
Equity compensation granted 328 551
Unrealized foreign exchange loss 1,327 3,183
Restructuring Charges 2,375 0
Deferred drydock costs paid (3,063) (1,909)
Changes in operating assets and liabilities:    
Accounts receivable (13,242) (10,718)
Prepaid expenses and other current assets 426 774
Accounts payable and accrued liabilities (3,154) 4,988
Other assets and liabilities, net (627) 419
Income taxes payable, net (11) 0
NET CASH PROVIDED BY OPERATING ACTIVITIES 8,351 26,291
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (10,135) (40,808)
NET CASH USED IN INVESTING ACTIVITIES (10,135) (40,808)
CASH FLOWS FROM FINANCING ACTIVITIES    
Deferred payment liability obligation (429) (398)
Proceeds from long-term debt 35,084 35,486
Paid In Kind Interest and Fee 960 0
Long-term debt repayment (32,190) (21,100)
Debt financing cost (1,233) (530)
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,192 13,458
EFFECT OF FOREIGN EXCHANGE RATES ON CASH (173) 114
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 235 (945)
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 77 3,298
CASH AND CASH EQUIVALENTS, END OF THE PERIOD 312 2,353
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Payments for interest, net of amount capitalized 9,960 7,632
Unpaid purchases of property and equipment 786 1,213
Unpaid purchases of deferred drydock costs 119 29
Payment of income taxes $ 0 $ 1