SEGMENT AND GEOGRAPHIC DISTRIBUTION OF OPERATIONS (Tables)

9 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Information, Geographical Data and Major Customers

The following table provides a comparison of segment revenues, vessel operating profit, depreciation and amortization, and additions to properties and equipment for the quarters and nine-month periods ended December 31, 2015 and 2014. Vessel revenues and operating costs relate to vessels owned and operated by the company while other operating revenues relate to the activities of the remotely operated vehicles (ROVs), brokered vessels and other miscellaneous marine-related businesses.

	Quarter Ended						Nine Months Ended
	December 31,						December 31,
(In thousands)	2015			2014			2015			2014
Revenues:
Vessel revenues:
Americas	$	75,963			134,554			279,345			388,550
Asia/Pacific		19,144			35,046			79,254			121,284
Middle East/North Africa		40,184			55,925			132,786			160,301
Sub-Saharan Africa/Europe		77,617			152,601			283,967			480,453
		212,908			378,126			775,352			1,150,588
Other operating revenues		5,283			9,428			19,536			20,167
	$	218,191			387,554			794,888			1,170,755
Vessel operating profit (loss):
Americas	$	9,289			33,784			41,940			100,770
Asia/Pacific		(3,796	)		2,621			4,122			9,064
Middle East/North Africa		5,849			12,408			21,524			31,568
Sub-Saharan Africa/Europe		(2,079	)		34,120			2,459			113,168
		9,263			82,933			70,045			254,570
Other operating loss		(626	)		(1,032	)		(3,120	)		(5,548	)
		8,637			81,901			66,925			249,022
Corporate general and administrative expenses		(7,150	)		(9,411	)		(25,096	)		(30,686	)
Corporate depreciation		(1,629	)		(834	)		(4,772	)		(2,486	)
Corporate expenses		(8,779	)		(10,245	)		(29,868	)		(33,172	)
Gain on asset dispositions, net		5,883			4,699			19,345			13,092
Asset impairments (A)		(15,141	)		(6,236	)		(61,771	)		(8,096	)
Goodwill impairment		—			(283,699	)		—			(283,699	)
Restructuring charge (B)		—			—			(7,586	)		—
Operating loss	$	(9,400	)		(213,580	)		(12,955	)		(62,853	)
Foreign exchange gain (loss)		(469	)		4,334			(3,758	)		8,453
Equity in net earnings (losses) of unconsolidated companies		(1,710	)		—			(7,070	)		9,104
Interest income and other, net		609			434			1,754			1,555
Interest and other debt costs, net		(13,312	)		(12,239	)		(39,741	)		(37,927	)
Loss before income taxes	$	(24,282	)		(221,051	)		(61,770	)		(81,668	)
Depreciation and amortization:
Americas	$	12,029			11,825			36,311			35,623
Asia/Pacific		5,803			4,731			16,503			13,538
Middle East/North Africa		6,992			7,016			21,103			20,383
Sub-Saharan Africa/Europe		17,600			18,067			54,084			55,494
		42,424			41,639			128,001			125,038
Other		1,369			858			4,285			2,626
Corporate		1,629			834			4,772			2,486
	$	45,422			43,331			137,058			130,150
Additions to properties and equipment:
Americas	$	2,064			32,421			44,118			64,057
Asia/Pacific		360			44,983			2,069			68,193
Middle East/North Africa		127			424			776			1,659
Sub-Saharan Africa/Europe		460			823			1,827			14,736
		3,011			78,651			48,790			148,645
Other		26			10,206			113			18,931
Corporate (C)		8,872			14,198			103,467			67,678
	$	11,909			103,055			152,370			235,254

(A) Refer to Note (15) for additional information regarding asset impairment charges.

(B) Refer to Note (14) for additional information regarding the restructuring charge.

(C) Included in Corporate are additions to properties and equipment relating to vessels currently under construction which have not yet been assigned to a non-corporate reporting segment as of the dates presented.

Comparison of Total Assets

The following table provides a comparison of total assets at December 31, 2015 and March 31, 2015:

	December 31,		March 31,
(In thousands)	2015		2015
Total assets:
Americas	$	1,132,305		1,016,133
Asia/Pacific		515,380		506,265
Middle East/North Africa		591,657		666,983
Sub-Saharan Africa/Europe		1,871,941		2,064,010
		4,111,283		4,253,391
Other		45,789		49,554
		4,157,072		4,302,945
Investments in, at equity, and advances to unconsolidated companies		45,663		65,844
		4,202,735		4,368,789
Corporate (A)		277,780		387,373
	$	4,480,515		4,756,162

(A) Included in Corporate are vessels currently under construction which have not yet been assigned to a non-corporate reporting segment. A vessel’s construction costs are reported in Corporate until the earlier of the date the vessels is assigned to a non-corporate reporting segment or the date it is delivered. At December 31, 2015 and March 31, 2015, $150.1 million and $235.2 million, respectively, of vessel construction costs are included in Corporate.

Schedule of Segment Reporting Information, Revenue by Vessel Class

The following table discloses the amount of revenue by segment, and in total for the worldwide fleet, along with the respective percentage of total vessel revenue for the quarters and nine-month periods ended December 31, 2015 and 2014:

			Quarter Ended										Nine Months Ended
Revenue by vessel class			December 31,										December 31,
(In thousands)	2015		%			2014		%			2015		%			2014		%
Americas fleet:
Deepwater	$	49,792		23	%		94,298		25	%		191,720		25	%		267,983		23	%
Towing-supply		22,254		11	%		33,607		9	%		75,890		10	%		97,511		9	%
Other		3,917		2	%		6,649		2	%		11,735		1	%		23,056		2	%
Total	$	75,963		36	%		134,554		36	%		279,345		36	%		388,550		34	%
Asia/Pacific fleet:
Deepwater	$	13,267		6	%		20,575		5	%		56,535		7	%		72,492		6	%
Towing-supply		5,877		3	%		13,487		4	%		22,719		3	%		45,862		4	%
Other		—		—			984	<1%				—		—			2,930	<1%
Total	$	19,144		9	%		35,046		9	%		79,254		10	%		121,284		10	%
Middle East/North Africa fleet:
Deepwater	$	17,690		9	%		25,615		7	%		58,845		8	%		64,336		6	%
Towing-supply		21,795		10	%		29,441		8	%		71,898		9	%		93,435		8	%
Other		699	<1%				869	<1%				2,043	<1%				2,530	<1%
Total	$	40,184		19	%		55,925		15	%		132,786		17	%		160,301		14	%
Sub-Saharan Africa/Europe fleet:
Deepwater	$	30,361		14	%		81,129		21	%		124,282		16	%		262,013		23	%
Towing-supply		35,186		16	%		52,532		14	%		118,490		15	%		162,585		14	%
Other		12,070		6	%		18,940		5	%		41,195		6	%		55,855		5	%
Total	$	77,617		36	%		152,601		40	%		283,967		37	%		480,453		42	%
Worldwide fleet:
Deepwater	$	111,110		52	%		221,617		58	%		431,382		56	%		666,824		58	%
Towing-supply		85,112		40	%		129,067		35	%		288,997		37	%		399,393		35	%
Other		16,686		8	%		27,442		7	%		54,973		7	%		84,371		7	%
Total	$	212,908		100	%		378,126		100	%		775,352		100	%		1,150,588		100	%