INVESTMENT IN UNCONSOLIDATED COMPANIES

12 Months Ended

Mar. 31, 2016

Equity Method Investments And Joint Ventures [Abstract]

INVESTMENT IN UNCONSOLIDATED COMPANIES

(3) INVESTMENT IN UNCONSOLIDATED COMPANIES

Investments in unconsolidated affiliates, generally 50% or less owned partnerships and corporations, are accounted for by the equity method. Under the equity method, the assets and liabilities of the unconsolidated joint venture companies are not consolidated in the company’s consolidated balance sheet.

Investments in, at equity, and advances to unconsolidated joint venture companies at March 31, were as follows:

(In thousands)	Percentage Ownership		2016		2015
Sonatide Marine, Ltd. (Angola)		49%	$	37,141		63,893
DTDW Holdings, Ltd. (Nigeria)		40%		361		1,951
Investments in, at equity, and advances to    unconsolidated companies			$	37,502		65,844