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OTHER CURRENT ASSETS, OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES AND DEFERRED CREDITS (Tables)
9 Months Ended
Dec. 31, 2015
Other Current Assets Other Assets Accrued Expenses Other Current Liabilities And Other Non Current Liabilities And Deferred Credits [Abstract]  
Schedule of Other Current Assets

A summary of other current assets at December 31, 2015 and March 31, 2015 is as follows:

 

 

 

December 31,

 

 

March 31,

 

(In thousands)

 

2015

 

 

2015

 

Deposits on vessel construction options (A)

 

$

44,748

 

 

 

 

Deposits - general

 

 

7,017

 

 

 

7,381

 

Prepaid expenses

 

 

9,054

 

 

 

10,400

 

 

 

$

60,819

 

 

 

17,781

 

 

 

(A)

Refer to Note (7) for additional discussion regarding the vessels under construction with option agreements.

Schedule Of Other Assets

A summary of other assets at December 31, 2015 and March 31, 2015 is as follows:

 

 

 

December 31,

 

 

March 31,

 

(In thousands)

 

2015

 

 

2015

 

Recoverable insurance losses

 

$

9,682

 

 

 

10,468

 

Deferred income tax assets

 

 

31,136

 

 

 

19,004

 

Deferred finance charges – revolver

 

 

7,125

 

 

 

7,396

 

Savings plans and supplemental plan

 

 

14,984

 

 

 

23,208

 

Other

 

 

19,423

 

 

 

15,120

 

 

 

$

82,350

 

 

 

75,196

 

 

Schedule of Accrued Expenses

A summary of accrued expenses at December 31, 2015 and March 31, 2015 is as follows:

 

 

 

December 31,

 

 

March 31,

 

(In thousands)

 

2015

 

 

2015

 

Payroll and related payables

 

$

22,405

 

 

 

32,041

 

Commissions payable (A)

 

 

7,197

 

 

 

8,282

 

Accrued vessel expenses

 

 

53,414

 

 

 

79,549

 

Accrued interest expense

 

 

4,791

 

 

 

14,514

 

Other accrued expenses

 

 

8,797

 

 

 

11,869

 

 

 

$

96,604

 

 

 

146,255

 

 

 

(B)

Excludes $27.3 million and $46.3 million of commissions due to Sonatide at December 31, 2015 and March 31, 2015, respectively. These amounts are included in amounts due to affiliate.

Schedule of Other Current Liabilities

A summary of other current liabilities at December 31, 2015 and March 31, 2015 is as follows:

 

 

 

December 31,

 

 

March 31,

 

(In thousands)

 

2015

 

 

2015

 

Taxes payable

 

$

41,480

 

 

 

56,620

 

Deferred gain on vessel sales - current

 

 

24,403

 

 

 

25,057

 

Other

 

 

370

 

 

 

784

 

 

 

$

66,253

 

 

 

82,461

 

 

Schedule of Other Liabilities and Deferred Credits

A summary of other liabilities and deferred credits at December 31, 2015 and March 31, 2015 is as follows:

 

 

 

December 31,

 

 

March 31,

 

(In thousands)

 

2015

 

 

2015

 

Postretirement benefits liability

 

$

20,651

 

 

 

23,018

 

Pension liabilities

 

 

42,773

 

 

 

41,279

 

Deferred gain on vessel sales

 

 

118,420

 

 

 

136,238

 

Other

 

 

28,395

 

 

 

34,573

 

 

 

$

210,239

 

 

 

235,108