DEFERRED DRYDOCK COSTS, NET

9 Months Ended

Dec. 31, 2015

Deferred Drydock Costs [Abstract]

DEFERRED DRYDOCK COSTS, NET

DEFERRED DRYDOCK COSTS, NET

Deferred drydock costs, net are comprised of the following:

	December 31, 2015			March 31, 2015
Drydock expenditures	$	15,828		$	16,607
Accumulated amortization	(10,005		)	(9,017		)
	$	5,823		$	7,590

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

Balance as of March 31, 2014	$	9,321
Drydock costs accrued and incurred	2,239
Amortization of drydock costs	(3,343		)
Foreign currency translation adjustment	(627		)
Balance as of March 31, 2015	$	7,590
Drydock costs accrued and incurred	1,385
Amortization of drydock costs	(2,644		)
Foreign currency translation adjustment	(508		)
Balance as of December 31, 2015	$	5,823