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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Revenues:    
Vessel revenues $ 112,257 $ 162,430
Other operating revenues 2,849 5,495
Total revenues 115,106 167,925
Costs and expenses:    
Vessel operating costs 83,773 108,874
Costs of other operating revenues 1,585 3,903
General and administrative 33,059 37,047
Vessel operating leases 5,542 8,441
Depreciation and amortization 36,287 44,552
Gain on asset dispositions, net (3,189) (5,643)
Asset impairments [1] 163,423 36,886
Total costs and expenses 320,480 234,060
Operating loss (205,374) (66,135)
Other income (expenses):    
Foreign exchange loss (1,157) (2,733)
Equity in net earnings (losses) of unconsolidated companies 4,517 (1)
Interest income and other, net 1,680 1,176
Reorganization items [2] (313,176)  
Interest and other debt costs, net (10,605) (16,954)
Total other income (expenses) (318,741) (18,512)
Loss before income taxes (524,115) (84,647)
Income tax expense (benefit) 295 3,996
Net loss (524,410) (88,643)
Less: Net income attributable to noncontrolling interests 24 454
Net loss attributable to Tidewater Inc. $ (524,434) $ (89,097)
Basic loss per common share [3] $ (11.13) $ (1.89)
Diluted loss per common share [4] $ (11.13) $ (1.89)
Weighted average common shares outstanding 47,121,304 47,067,715
Adjusted weighted average common shares 47,121,304 47,067,715
[1] Refer to Note (16) for additional information regarding asset impairment charges.
[2] Refer to Note (4) for additional information regarding reorganization items.
[3] The company calculates “Loss per share, basic” by dividing “Net loss available to common shareholders” by “Weighted average outstanding shares of common stock, basic”.
[4] The company calculates “Loss per share, diluted” by dividing “Net loss available to common shareholders” by “Weighted average shares of common stock and equivalents”.