Significant Accounting Policies (Tables)

3 Months Ended

Jun. 30, 2015

Schedule of supplemental cash flow information

	Three Months Ended June 30,
	2015		2014
	(in thousands)
Interest paid, exclusive of debt issuance costs and letter of credit fees	$	31,172	$	25,984

Income taxes paid	$	4,083	$	1,005

Schedule of inventories

	June 30,		March 31,
	2015		2015
	(in thousands)
Crude oil	$	109,227	$	145,412
Natural gas liquids—
Propane	52,572		44,535
Butane	19,999		8,668
Other	9,958		3,874
Refined products—
Gasoline	161,566		128,092
Diesel	91,364		59,097
Renewables	34,331		44,668
Other	10,047		7,416

Total	$	489,064	$	441,762

Schedule of investments in unconsolidated entities

		June 30,		March 31,
Entity	Segment	2015		2015
		(in thousands)
Glass Mountain (1)	Crude oil logistics	$	185,834	$	187,590
BOSTCO (2)	Refined products and renewables	239,299		238,146
Frontera (2)	Refined products and renewables	17,287		16,927
Water supply company	Water solutions	16,767		16,471
Ethanol production facility	Refined products and renewables	14,350		13,539
Retail propane company	Retail propane	684		—

Total		$	474,221	$	472,673

(1)

When we acquired Gavilon Energy, we recorded the investment in Glass Mountain at fair value. Our investment in Glass Mountain exceeds our share of the historical net book value of Glass Mountain’s net assets by $76.3 million at June 30, 2015. This difference relates primarily to goodwill and customer relationships.

(2)

When we acquired TransMontaigne, we recorded the investments in BOSTCO and Frontera at fair value. Our investments in BOSTCO and Frontera exceed our share of the historical net book value of BOSTCO’s and Frontera’s net assets by $14.9 million at June 30, 2015. This difference relates primarily to goodwill.

Schedule of other noncurrent assets

	June 30,		March 31,
	2015		2015
	(in thousands)
Loan receivable (1)	$	56,605	$	58,050
Linefill (2)	35,060		35,060
Other	18,879		19,727

Total	$	110,544	$	112,837

(1)

Represents a loan receivable associated with our financing of the construction of a natural gas liquids facility to be utilized by a third party.

(2)

Represents minimum volumes of crude oil we are required to leave on certain third-party owned pipelines under long-term shipment commitments. At June 30, 2015, linefill consisted of 487,104 barrels of crude oil.

Schedule of accrued expenses and other payables

	June 30,		March 31,
	2015		2015
	(in thousands)
Accrued compensation and benefits	$	104,044	$	52,078
Excise and other tax liabilities	39,844		43,847
Derivative liabilities	27,321		27,950
Accrued interest	19,655		23,065
Product exchange liabilities	17,322		15,480
Other	29,221		32,696

Total	$	237,407	$	195,116