OTHER CURRENT ASSETS, PROPERTIES AND EQUIPMENT, OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES AND DEFERRED CREDITS (Tables)

3 Months Ended

Jun. 30, 2017

Other Current Assets Properties And Equipment Other Assets Accrued Expenses Other Current Liabilities And Other Non Current Liabilities And Deferred Credits [Abstract]

Schedule of Other Current Assets

A summary of other current assets at June 30, 2017 and March 31, 2017 is as follows:

	June 30,		March 31,
(In thousands)	2017		2017
Deposits	$	2,184		3,057
Reorganization related retainer payments		16,251		3,938
Prepaid expenses		16,184		11,414
	$	34,619		18,409

Summary of Net Properties and Equipment

A summary of net properties and equipment at June 30, 2017 and March 31, 2017 is as follows:

	June 30,		March 31,
(In thousands)	2017		2017
Properties and equipment:
Vessels and related equipment	$	3,180,228		3,407,760
Other properties and equipment		69,605		69,670
		3,249,833		3,477,430
Less accumulated depreciation and amortization		590,519		612,668
Net properties and equipment	$	2,659,314		2,864,762

Schedule Of Other Assets

A summary of other assets at June 30, 2017 and March 31, 2017 is as follows:

	June 30,		March 31,
(In thousands)	2017		2017
Recoverable insurance losses	$	2,710		10,142
Deferred income tax assets		—		39,134
Savings plans and supplemental plan		14,741		14,835
Accumulated costs of rejected vessel (A)		48,666		48,382
Restricted cash and long-term deposits		14,966		15,162
Other		11,051		11,880
	$	92,134		139,535

(A) Refer to Note (10) of Notes to Condensed Consolidated Financial Statements for additional information regarding the vessel rejected at the time of delivery.

Schedule of Accrued Expenses

A summary of accrued expenses at June 30, 2017 and March 31, 2017 is as follows:

	June 30,		March 31,
(In thousands)	2017		2017
Payroll and related payables	$	10,720		10,465
Commissions payable (B)		1,867		2,143
Accrued vessel expenses		39,483		41,580
Accrued interest expense (C)		1,284		15,021
Other accrued expenses		9,801		8,912
	$	63,155		78,121

(A) Excludes $37.5 million and $34.7 million of commissions due to Sonatide at June 30, 2017 and March 31, 2017, respectively. These amounts are included in amounts due to affiliate.

(B) Accrued interest as of June 30, 2017 reflects interest related to borrowings which were not considered liabilities subject to compromise. Refer to Note (3) Liabilities Subject to Compromise.

Schedule of Other Current Liabilities

A summary of other current liabilities at June 30, 2017 and March 31, 2017 is as follows:

	June 30,		March 31,
(In thousands)	2017		2017
Taxes payable	$	26,181		23,497
Deferred gain on vessel sales - current (D)		423		23,798
Other		1,425		1,134
	$	28,029		48,429

(A) Deferred gains related to the company’s sale leaseback vessels were recognized as reorganization items in the first quarter of fiscal 2018 due to the company’s rejection of its lease contracts as part of the chapter 11 proceedings. Refer to Note (4) Reorganization Items.  Amounts remaining at June 30, 2017 are related to the sale of a vessel to a joint venture.

Schedule of Other Liabilities and Deferred Credits

A summary of other liabilities and deferred credits at June 30, 2017 and March 31, 2017 is as follows:

	June 30,		March 31,
(In thousands)	2017		2017
Postretirement benefits liability	$	3,310		4,394
Pension liabilities		41,306		40,339
Deferred gain on vessel sales (E)		3,315		88,923
Other		12,451		21,049
	$	60,382		154,705

(A) Deferred gains related to the company’s sale leaseback vessels were recognized as reorganization items in the first quarter of fiscal 2018 due to the company’s rejection of its lease contracts as part of the chapter 11 proceedings. Refer to Note (4) Reorganization Items. Amounts remaining at June 30, 2017 are related to the sale of a vessel to a joint venture.