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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Operating activities:      
Net (loss) earnings $ (160,376) $ (65,349) $ 140,255
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:      
Depreciation and amortization 182,309 175,204 167,480
Benefit for deferred income taxes (6,796) (72,389) (34,709)
Gain on asset dispositions, net (26,037) (23,796) (21,063)
Asset impairments 117,311 14,525 9,341
Goodwill impairment   283,699 [1] 56,283
Equity in earnings (losses) of unconsolidated companies, net of dividends 28,704 (1,916) (15,801)
Compensation expense – stock based 13,219 21,374 19,642
Excess tax (benefit) liability on stock options exercised 1,605 1,784 (299)
Changes in assets and liabilities, net:      
Trade and other receivables 71,540 (43,537) 13,485
Changes in due to/from affiliate, net 84,084 108,588 (260,675)
Marine operating supplies 13,672 6,148 5,715
Other current assets 5,976 2,794 (7,600)
Accounts payable (4,881) (22,989) (1,395)
Accrued expenses (53,143) (11,435) 34,458
Accrued property and liability losses (348) 38 (429)
Other current liabilities (15,578) 118 10,373
Other liabilities and deferred credits 231 4,875 (11,842)
Other, net 1,868 (19,023) 1,398
Net cash provided by operating activities 253,360 358,713 104,617
Cash flows from investing activities:      
Proceeds from sales of assets 10,690 8,310 51,330
Proceeds from sale/leaseback of assets   123,950 270,575
Additions to properties and equipment (194,485) (364,194) (594,695)
Refunds from cancelled vessel construction contracts 46,119    
Payments for acquisition, net of cash acquired     (127,737)
Other 2,680 516 (3,158)
Net cash used in investing activities (134,996) (231,418) (403,685)
Cash flows from financing activities:      
Debt issuance costs (996) (556) (5,347)
Principal payments on long-term debt (136,843) (97,823) (1,103,054)
Debt borrowings 656,338 138,488 1,465,362
Proceeds from exercise of stock options   1,023 6,863
Cash dividends (35,388) (48,834) (49,816)
Excess tax benefit (liability) on stock options exercised (1,605) (1,784) 299
Cash contributions from noncontrolling interests, net   399 4,551
Repurchases of common stock   (99,999)  
Net cash (used in) provided by financing activities 481,506 (109,086) 318,858
Net change in cash and cash equivalents 599,870 18,209 19,790
Cash and cash equivalents at beginning of year 78,568 60,359 40,569
Cash and cash equivalents at end of year 678,438 78,568 60,359
Cash paid during the year for:      
Interest, net of amounts capitalized 50,729 49,390 34,190
Income taxes $ 51,585 74,310 59,266
Supplemental disclosure of noncash investing activities:      
Additions to properties and equipment   $ 2,068 $ 5,751
[1] The total carrying amount of goodwill at March 31, 2014 is net of accumulated impairment charges $30.9 million and $56.3 million related to the Middle East/North Africa and Asia/Pacific segments, respectively.