SEGMENT AND GEOGRAPHIC DISTRIBUTION OF OPERATIONS (Tables)

12 Months Ended

Mar. 31, 2017

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)	2017			2016			2015
Revenues:
Vessel revenues:
Americas	$	239,843			342,995			505,699
Asia/Pacific		25,568			89,045			150,820
Middle East		89,050			111,356			134,279
Africa/Europe		229,355			412,004			677,560
		583,816			955,400			1,468,358
Other operating revenues		17,795			23,662			27,159
	$	601,611			979,062			1,495,517
Vessel operating profit (loss):
Americas	$	18,873			52,966			122,988
Asia/Pacific		(20,614	)		(1,687	)		11,541
Middle East		(4,696	)		7,325			15,590
Africa/Europe		(51,395	)		15,534			143,837
		(57,832	)		74,138			293,956
Other operating loss		(1,548	)		(4,564	)		(8,022	)
		(59,380	)		69,574			285,934

Corporate general and administrative expenses (A)		(55,389	)		(34,078	)		(40,621	)
Corporate depreciation		(2,456	)		(6,160	)		(4,014	)
Corporate expenses		(57,845	)		(40,238	)		(44,635	)

Gain (loss) on asset dispositions, net		24,099			26,037			23,796
Asset impairment		(484,727	)		(117,311	)		(14,525	)
Goodwill impairment		—			—			(283,699	)
Restructuring charge		—			(7,586	)		(4,052	)
Operating loss		(577,853	)		(69,524	)		(37,181	)
Foreign exchange gain (loss)		(1,638	)		(5,403	)		8,678
Equity in net earnings (losses) of unconsolidated companies		5,710			(13,581	)		10,179
Interest income and other, net		5,193			2,703			1,927
Interest and other debt costs		(75,026	)		(53,752	)		(50,029	)
Loss before income taxes	$	(643,614	)		(139,557	)		(66,426	)
Depreciation and amortization:
Americas	$	48,814			48,474			47,682
Asia/Pacific		21,095			22,386			18,383
Middle East		19,754			19,218			18,881
Africa/Europe		70,742			80,350			82,271
		160,405			170,428			167,217
Other		4,430			5,721			3,973
Corporate		2,456			6,160			4,014
	$	167,291			182,309			175,204
Additions to properties and equipment:
Americas	$	93			51,303			94,137
Asia/Pacific		—			1,917			91,497
Middle East		1,612			1,732			962
Africa/Europe		743			1,861			36,985
		2,448			56,813			223,581
Other		—			10			18,571
Corporate		28,099			137,662			124,411
	$	30,547			194,485			366,563
Total assets (B):
Americas	$	779,778			1,101,699			1,016,133
Asia/Pacific		321,967			514,948			506,265
Middle East		261,418			405,420			471,856
Africa/Europe		1,897,355			1,999,543			2,258,102
		3,260,518			4,021,610			4,252,356
Other		21,580			42,191			49,554
		3,282,098			4,063,801			4,301,910
Investments in and advances to unconsolidated companies		45,115			37,502			65,844
		3,327,213			4,101,303			4,367,754
Corporate (C)		863,486			882,490			381,012
	$	4,190,699			4,983,793			4,748,766

(A)	Corporate general and administrative expenses in fiscal 2017 include $29 million associated with our efforts to renegotiate the terms of various debt arrangements and related consulting services.

(B)

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.