INDEBTEDNESS (Tables)

3 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Summary of Debt Outstanding

The following is a summary of all debt outstanding at June 30, 2017 and March 31, 2017:

	June 30,		March 31,
(In thousands)	2017		2017
Term loan (A)	$	300,000		300,000
Revolving line of credit (A) (B)		600,000		600,000
September 2013 senior unsecured notes (A)		500,000		500,000
August 2011 senior unsecured notes (A)		165,000		165,000
September 2010 senior unsecured notes (A)		382,500		382,500
Troms Offshore borrowings:
May 2015 4.42% notes (C)		26,116		27,421
March 2015 4.41% notes (C)		24,573		24,573
January 2014 4.31% notes (C) (D)		26,957		26,167
May 2012 5.88% notes (C) (D)		14,291		14,864
		2,039,437		2,040,525
Less: Deferred debt issue costs		968		6,401
Less: Current portion of long-term debt		10,106		2,034,124
Less: Liabilities subject to compromise		1,947,500		—
Total long-term debt	$	80,863		—

(A)   At June 30, 2017, the term loan, revolving line of credit and senior notes have been classified as liabilities subject to compromise as a result of the bankruptcy petition filed on May 17, 2017.  Refer to Note (3) - Liabilities Subject to Compromise for additional information. As of June 30, 2017 and March 31, 2017, the aggregate fair value (Level 2) of the term loan, revolver and senior notes were $1.1 billion and $1.1 billion, respectively.  

(B) The revolver was fully utilized at June 30, 2017 and March 31, 2017, respectively.

(C) The company continues to make semi-annual principal and interest payments on these notes in the ordinary course of business.  As of June 30, 2017 and March 31, 2017, the aggregate fair value (Level 2) of the Troms Offshore borrowings was $91.7 million and $92.9 million, respectively.

(D) Notes are denominated in Norwegian kroner (NOK)  

Debt Costs

The following is a summary of interest and debt costs incurred, net of interest capitalized, for the quarters ended June 30, are as follows:

	Quarter Ended
	June 30,
(In thousands)	2017		2016
Interest and debt costs incurred, net of interest capitalized	$	10,605		16,954
Interest costs capitalized		601		1,393
Total interest and debt costs	$	11,206		18,347