QUARTERLY FINANCIAL DATA

12 Months Ended

Mar. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA

(18) QUARTERLY FINANCIAL DATA (UNAUDITED)

Selected financial information for interim periods for the years ended March 31, is as follows:

	Quarter
(In thousands except per share data)	First			Second			Third			Fourth
Fiscal 2016
Revenues	$	304,774			271,923			218,191			184,174
Operating income (loss) (A)		14,089			(17,644	)		(9,400	)		(56,569	)
Net loss attributable to Tidewater Inc.		(15,052	)		(43,835	)		(19,509	)		(81,787	)
Basic loss per share attributable to Tidewater Inc.	$	(.32	)		(.93	)		(.42	)		(1.74	)
Diluted loss per share attributable to Tidewater Inc.	$	(.32	)		(.93	)		(.42	)		(1.74	)
Fiscal 2015
Revenues	$	385,677			397,524			387,554			324,762
Operating income (loss) (A)		66,004			84,723			(213,580	)		25,672
Net earnings (loss) attributable to Tidewater Inc.		43,673			60,907			(160,694	)		(9,076	)
Basic earnings (loss) per share attributable to Tidewater Inc.	$	.88			1.23			(3.31	)		(.19	)
Diluted earnings (loss) per share attributable to Tidewater Inc.	$	.88			1.22			(3.31	)		(.19	)

(A) Operating income consists of revenues less operating costs and expenses, depreciation, vessel operating leases, goodwill impairment, general and administrative expenses and gain on asset dispositions, net, of the company’s operations. Goodwill impairment by quarter for fiscal 2016 and 2015 and gain on asset dispositions, net, by quarter for fiscal 2016 and 2015, are as follows:

(In thousands)	First		Second		Third			Fourth
Fiscal 2016:
Goodwill impairment	$	—		—
Gain on asset dispositions, net	$	7,351		6,111		5,883			6,692
Fiscal 2015:
Goodwill impairment	$	—		—		(283,699	)		—
Gain on asset dispositions, net	$	3,893		4,500		4,699			10,704