COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Mar. 31, 2016

Commitments And Contingencies Disclosure [Abstract]

Schedule of Vessel Commitments to Acquire and Construct New Vessels and ROVs, by Vessel Type

The table below summarizes the company’s various vessel commitments to acquire and construct new vessels, by vessel type, as of March 31, 2016:

(In thousands, except vessel count)	Number of Vessels		Total Cost		Invested Through 3/31/16		Remaining Balance 3/31/16
Vessels under construction (A):
Deepwater PSVs		6	$	251,420		183,904		67,516
Total vessel commitments		6	$	251,420		183,904		67,516

(A) Six additional option vessels and a fast supply boat are not included in the table above.

(B) The company is entitled to receive refunds of prior shipyard payments totaling approximately $31 million which would offset the remaining balance of vessel commitments. See further discussion below.