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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Mar. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 2,353 $ 3,298
Accounts receivable, net (Note 4) 13,482 2,764
Income taxes receivable 91 91
Prepaid expenses and other current assets (Notes 5 and 8) 5,183 5,957
Deferred income taxes (Note 6) 318 347
Total current assets 21,427 12,457
PROPERTY AND EQUIPMENT, NET (Note 7) 216,015 206,276
OTHER ASSETS (Note 8) 123 569
DEFERRED DRYDOCK COSTS, NET (Note 9) 5,823 7,590
INTANGIBLE ASSETS, NET (Note 10) 10,988 13,205
GOODWILL (Note 10) 10,193 10,193
Total assets 264,569 250,290
CURRENT    
Accounts payable 11,232 15,350
Accrued liabilities (Note 13) 9,306 7,628
Other current liability 173 166
Current portion of deferred payment liability 567 536
Total current liabilities 21,278 23,680
LONG-TERM PORTION OF DEFERRED PAYMENT LIABILITY 135 564
LONG-TERM DEBT (Note 14) 106,222 101,213
SUBORDINATED DEBT (Note 15) 78,126 72,500
OTHER LIABILITIES 445 479
DEFERRED INCOME TAXES (Note 6) 4,890 5,607
Total liabilities $ 211,096 $ 204,043
COMMITMENTS AND CONTINGENCIES (Notes 16 and 17)
STOCKHOLDERS' EQUITY    
Preferred stock, $.0001 par value, Authorized 1,000,000 shares, Issued and outstanding 299,060 shares (Note 18) $ 14,853 $ 14,900
Common stock, $.0001 par value, Authorized 50,000,000 shares, Issued and outstanding 18,281,008 shares at December 31, 2015 and 18,035,427 shares at March 31, 2015 (Note 18) 1 1
Additional paid-in capital 90,728 90,130
Accumulated deficit (41,021) (50,972)
Accumulated other comprehensive loss (11,088) (7,812)
Total stockholders’ equity 53,473 46,247
Total liabilities and stockholders’ equity $ 264,569 $ 250,290