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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ 10,951 $ 12,155
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of drydock costs 16,736 16,531
Amortization of intangibles and deferred financing costs 1,782 1,908
Deferred income taxes (466) (211)
Loss on leasehold improvements written off in lease termination 0 1,489
Equity compensation granted 551 734
Unrealized foreign exchange loss 3,183 1,505
Deferred drydock costs paid (1,909) (2,110)
Changes in operating assets and liabilities:    
Accounts receivable (10,718) (13,925)
Prepaid expenses and other current assets 774 206
Accounts payable and accrued liabilities 4,988 4,436
Other assets and liabilities, net 419 47
Income taxes payable (net) 0 (100)
NET CASH PROVIDED BY OPERATING ACTIVITIES 26,291 22,665
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (40,808) (20,285)
NET CASH USED IN INVESTING ACTIVITIES (40,808) (20,285)
CASH FLOWS FROM FINANCING ACTIVITIES    
Deferred payment liability obligation (398) (370)
Proceeds from long-term debt 35,486 0
Shares repurchased and extinguished 0 (250)
Long-term debt repayment (21,100) (517)
Debt financing cost (530) (426)
Proceeds from bank indebtedness   19,767
Repayment of bank indebtedness 0 (16,748)
Payment of preferred stock dividend 0 (581)
NET CASH PROVIDED BY FINANCING ACTIVITIES 13,458 875
EFFECT OF FOREIGN EXCHANGE RATES ON CASH 114 (183)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (945) 3,072
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 3,298 2,602
CASH AND CASH EQUIVALENTS, END OF PERIOD 2,353 5,674
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Payments for interest, net of amount capitalized 7,632 9,783
Unpaid purchases of property and equipment 1,213 524
Unpaid purchases of deferred drydock costs 29  
Payment of income taxes $ 1 $ 100