SEGMENT AND GEOGRAPHIC DISTRIBUTION OF OPERATIONS (Tables)

3 Months Ended

Jun. 30, 2016

Segment Information, Geographical Data and Major Customers

The following table provides a comparison of segment revenues, vessel operating profit (loss), depreciation and amortization, and additions to properties and equipment for the quarters ended June 30, 2016 and 2015. Vessel revenues and operating costs relate to vessels owned and operated by the company while other operating revenues relate to the activities of the remotely operated vehicles (ROVs), brokered vessels and other miscellaneous marine-related businesses.

	Quarter Ended
	June 30,
(In thousands)	2016			2015
Revenues:
Vessel revenues:
Americas	$	60,608			114,172
Asia/Pacific		7,921			27,937
Middle East		24,202			32,253
Africa/Europe		69,699			123,951
		162,430			298,313
Other operating revenues		5,495			6,461
	$	167,925			304,774
Vessel operating profit (loss):
Americas	$	(4,326	)		23,839
Asia/Pacific		(5,574	)		1,750
Middle East		(33	)		4,004
Africa/Europe		(13,309	)		5,447
		(23,242	)		35,040
Other operating loss		(427	)		(1,836	)
		(23,669	)		33,204

Corporate general and administrative expenses		(10,493	)		(10,014	)
Corporate depreciation		(730	)		(1,494	)
Corporate expenses		(11,223	)		(11,508	)

Gain on asset dispositions, net		5,643			7,351
Asset impairments (A)		(36,886	)		(14,958	)
Operating income (loss)	$	(66,135	)		14,089
Foreign exchange gain (loss)		(2,733	)		(4,133	)
Equity in net losses of unconsolidated companies		(1	)		(2,441	)
Interest income and other, net		1,176			790
Interest and other debt costs, net		(16,954	)		(13,182	)
Loss before income taxes	$	(84,647	)		(4,877	)
Depreciation and amortization:
Americas	$	12,778			12,050
Asia/Pacific		5,782			5,389
Middle East		5,112			4,799
Africa/Europe		18,769			20,511
		42,441			42,749
Other		1,381			1,414
Corporate		730			1,494
	$	44,552			45,657
Additions to properties and equipment:
Americas	$	75			22,054
Asia/Pacific		—			635
Middle East		280			292
Africa/Europe		67			273
		422			23,254
Other		—			—
Corporate (B)		9,693			69,765
	$	10,115			93,019

(A)	Refer to Note (14) for additional information regarding asset impairment charges.

(B)	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.

Comparison of Total Assets

The following table provides a comparison of total assets at June 30, 2016 and March 31, 2016:

	June 30,		March 31,
(In thousands)	2016		2016
Total assets:
Americas	$	1,111,872		1,101,699
Asia/Pacific		463,980		514,948
Middle East		451,178		405,420
Africa/Europe		1,910,650		1,999,543
		3,937,680		4,021,610
Other		41,817		42,191
		3,979,497		4,063,801
Investments in, at equity, and advances to unconsolidated companies		36,989		37,502
		4,016,486		4,101,303
Corporate (A)		861,372		882,490
	$	4,877,858		4,983,793

(A)

Included in Corporate are vessels currently under construction which have not yet been assigned to a non-corporate reporting segment. A vessel’s construction costs are reported in Corporate until the earlier of the date the vessels is assigned to a non-corporate reporting segment or the date it is delivered. At June 30, 2016 and March 31, 2016, $123.7 million and $136.8 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 quarters ended June 30, 2016 and 2015:

			Quarter Ended
Revenue by vessel class			June 30,
(In thousands)	2016		% of Vessel Revenue			2015		% of Vessel Revenue
Americas fleet:
Deepwater	$	40,387		25	%		80,152		27	%
Towing-supply		16,879		10	%		29,515		10	%
Other		3,342		2	%		4,505		1	%
Total	$	60,608		37	%		114,172		38	%
Asia/Pacific fleet:
Deepwater	$	2,590		2	%		19,833		7	%
Towing-supply		5,331		3	%		8,104		2	%
Other		—		—			—		—
Total	$	7,921		5	%		27,937		9	%
Middle East fleet:
Deepwater	$	6,038		4	%		6,691		2	%
Towing-supply		18,164		11	%		25,562		9	%
Other		—		—			—		—
Total	$	24,202		15	%		32,253		11	%
Africa/Europe fleet:
Deepwater	$	33,289		20	%		67,661		23	%
Towing-supply		27,917		18	%		41,825		14	%
Other		8,493		5	%		14,465		5	%
Total	$	69,699		43	%		123,951		42	%
Worldwide fleet:
Deepwater	$	82,304		51	%		174,337		59	%
Towing-supply		68,291		42	%		105,006		35	%
Other		11,835		7	%		18,970		6	%
Total	$	162,430		100	%		298,313		100	%