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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,113) $ (2,582)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of drydock costs 6,092 6,151
Amortization of intangibles and deferred financing costs 4,002 578
Deferred income taxes (209) (449)
Impairment charges on retired asset 0 1,872
Equity compensation granted 9 171
Unrealized foreign exchange gain (1,088) (230)
Restructuring charges 0 2,375
Deferred drydock costs paid (5,892) (2,708)
Changes in operating assets and liabilities:    
Accounts receivable (11,628) (12,559)
Prepaid expenses and other current assets (487) (760)
Accounts payable and accrued liabilities 1,992 46
Other assets and liabilities, net 20 (641)
Income taxes payable, net 0 (3)
NET CASH USED IN OPERATING ACTIVITIES (12,302) (8,739)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (10,746) (5,229)
NET CASH USED IN INVESTING ACTIVITIES (10,746) (5,229)
CASH FLOWS FROM FINANCING ACTIVITIES    
Deferred payment liability obligation   (141)
Proceeds from long-term debt 26,846 22,852
Long-term debt repayment (633) (7,939)
Debt financing cost (2,480)  
NET CASH PROVIDED BY FINANCING ACTIVITIES 23,733 14,772
EFFECT OF FOREIGN EXCHANGE RATES ON CASH 16 (89)
NET INCREASE IN CASH AND CASH EQUIVALENTS 701 715
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 335 77
CASH AND CASH EQUIVALENTS, END OF THE PERIOD 1,036 792
SUPPLEMENTAL CASH FLOW DISCLOSURE    
Payments for interest 4,915 3,157
Unpaid purchases of property and equipment 5,768 3,391
Unpaid purchases of deferred drydock costs 1,156 97
Payment of income taxes $ 0 $ 5