SEGMENT INFORMATION, GEOGRAPHICAL DATA AND MAJOR CUSTOMERS (Tables)

12 Months Ended

Mar. 31, 2016

Segment Information, Geographical Data and Major Customers

The following table provides a comparison of revenues, vessel operating profit, depreciation and amortization, and additions to properties and equipment for the years ended March 31. Vessel revenues and operating costs relate to vessels owned and operated by the company while other operating revenues relate to the activities of the company’s shipyards, brokered vessels and other miscellaneous marine-related businesses.

(In thousands)	2016			2015			2014
Revenues:
Vessel revenues:
Americas	$	342,995			505,699			410,731
Asia/Pacific		89,045			150,820			154,618
Middle East/North Africa		168,471			205,787			186,524
Sub-Saharan Africa/Europe		354,889			606,052			666,588
		955,400			1,468,358			1,418,461
Other operating revenues		23,662			27,159			16,642
	$	979,062			1,495,517			1,435,103
Vessel operating profit/(loss):
Americas	$	52,966			122,988			90,936
Asia/Pacific		(1,687	)		11,541			29,044
Middle East/North Africa		27,349			37,258			42,736
Sub-Saharan Africa/Europe		(4,490	)		122,169			136,092
		74,138			293,956			298,808
Other operating loss		(4,564	)		(8,022	)		(1,930	)
		69,574			285,934			296,878

Corporate general and administrative expenses (A)		(34,078	)		(40,621	)		(47,703	)
Corporate depreciation		(6,160	)		(4,014	)		(3,073	)
Corporate expenses		(40,238	)		(44,635	)		(50,776	)

Gain on asset dispositions, net		26,037			23,796			21,063
Asset impairment		(117,311	)		(14,525	)		(9,341	)
Goodwill impairment		—			(283,699	)		(56,283	)
Restructuring charge		(7,586	)		(4,052	)		—
Operating income / (loss)		(69,524	)		(37,181	)		201,541
Foreign exchange gain / (loss)		(5,403	)		8,678			1,541
Equity in net earnings / (losses) of unconsolidated companies		(13,581	)		10,179			15,801
Interest income and other, net		2,703			1,927			2,123
Loss on early extinguishment of debt		—			—			(4,144	)
Interest and other debt costs		(53,752	)		(50,029	)		(43,814	)
Earnings / (loss) before income taxes	$	(139,557	)		(66,426	)		173,048
Depreciation and amortization:
Americas	$	48,474			47,682			43,298
Asia/Pacific		22,386			18,383			17,174
Middle East/North Africa		28,150			27,538			24,441
Sub-Saharan Africa/Europe		71,418			73,614			79,199
		170,428			167,217			164,112
Other		5,721			3,973			295
Corporate		6,160			4,014			3,073
	$	182,309			175,204			167,480
Additions to properties and equipment:
Americas	$	51,303			94,137			99,798
Asia/Pacific		1,917			91,497			2,586
Middle East/North Africa		1,732			1,842			8,042
Sub-Saharan Africa/Europe (B)		1,861			36,105			488,984
		56,813			223,581			599,410
Other		10			18,571			31,841
Corporate (C)		137,662			124,411			175,233
	$	194,485			366,563			806,484

Total assets (D):
Americas	$	1,101,699	1,016,133	1,017,736
Asia/Pacific		514,948	506,265	421,379
Middle East/North Africa		582,281	666,983	613,303
Sub-Saharan Africa/Europe		1,822,682	2,064,010	2,383,507
		4,021,610	4,253,391	4,435,925
Other		42,191	49,554	31,545
		4,063,801	4,302,945	4,467,470
Investments in and advances to unconsolidated companies		37,502	65,844	63,928
		4,101,303	4,368,789	4,531,398
Corporate (E)		889,244	387,373	354,431
	$	4,990,547	4,756,162	4,885,829

(A)	Included in Corporate general and administrative expenses for the year ended March 31, 2014 are transaction costs of $3.7 million related to the acquisition of Troms Offshore.

(B)	Included in Sub-Saharan Africa/Europe for the year ended March 31, 2014 is $245.6 million related to vessels acquired through the acquisition of Troms Offshore.

(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.

(D)

Marine support services are conducted worldwide with assets that are highly mobile. Revenues are principally derived from offshore service vessels, which regularly and routinely move from one operating area to another, often to and from offshore operating areas in different continents. Because of this asset mobility, revenues and long-lived assets attributable to the company’s international marine operations in any one country are not material.

(E)

Included in Corporate are vessels currently under construction which have not yet been assigned to a non-corporate reporting segment. The vessel construction costs will be reported in Corporate until the earlier of the vessels being assigned to a non-corporate reporting segment or the vessels’ delivery. At March 31, 2016, 2015 and 2014, $136.8 million, $235.2 million and $228.9 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 years ended March 31,:

Revenue by vessel class: (In thousands):	2016		% of Vessel Revenue			2015		% of Vessel Revenue			2014		% of Vessel Revenue
Americas fleet:
Deepwater	$	235,522		25	%		353,232		24	%		263,750		18	%
Towing-supply		92,768		9	%		125,029		9	%		115,055		8	%
Other		14,705		2	%		27,438		2	%		31,926		3	%
Total	$	342,995		36	%		505,699		35	%		410,731		29	%
Asia/Pacific fleet:
Deepwater	$	60,853		6	%		94,538		6	%		88,191		6	%
Towing-supply		28,192		3	%		53,281		4	%		62,630		5	%
Other		—		—			3,001		<1	%		3,797		<1	%
Total	$	89,045		9	%		150,820		10	%		154,618		11	%
Middle East/North Africa fleet:
Deepwater	$	74,563		8	%		85,279		6	%		66,503		5	%
Towing-supply		91,174		10	%		117,232		8	%		116,720		8	%
Other		2,734		<1	%		3,276		<1	%		3,301		<1	%
Total	$	168,471		18	%		205,787		14	%		186,524		13	%
Sub-Saharan Africa/Europe fleet:
Deepwater	$	154,620		16	%		326,315		22	%		364,722		26	%
Towing-supply		150,404		16	%		208,324		14	%		231,224		16	%
Other		49,865		5	%		71,413		5	%		70,642		5	%
Total	$	354,889		37	%		606,052		41	%		666,588		47	%
Worldwide fleet:
Deepwater	$	525,558		55	%		859,364		58	%		783,166		55	%
Towing-supply		362,538		38	%		503,866		35	%		525,629		37	%
Other		67,304		7	%		105,128		7	%		109,666		8	%
Total	$	955,400		100	%		1,468,358		100	%		1,418,461		100	%

Entity Wide Major Customer Amount

The following table discloses our customers that accounted for 10% or more of total revenues during the years ended March 31:

	2016			2015			2014
Chevron Corporation		14.6	%		12.7	%		18.1	%
Petroleo Brasileiro SA		11.0	%		11.8	%		8.6	%
BP plc		7.1	%		10.1	%		8.9	%