TAXES (Tables)

12 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of deferred tax assets and liabilities

The components of deferred tax assets and liabilities are as follows (in thousands):

	March 31,
	2016			2015
Deferred tax assets:
Foreign tax credits	$	41,140		$	31,134
Net operating losses	28,695			17,487
Accrued pension liability	13,266			21,657
Accrued equity compensation	17,092			12,728
Deferred revenue	1,749			2,156
Employee award programs	5,098			7,515
Employee payroll accruals	5,099			5,118
Inventories	3,305			5,259
Investment in unconsolidated affiliates	10,863			6,539
Other	4,903			4,790
Valuation allowance	(29,373		)	(11,700		)
Total deferred tax assets	$	101,837		$	102,683
Deferred tax liabilities:
Property and equipment	$	(202,388	)	$	(207,395	)
Inventories	(799		)	(196		)
Investment in unconsolidated affiliates	(38		)	—
Employee programs	(1,360		)	(1,564		)
Other	(3,390		)	(8,378		)
Total deferred tax liabilities	$	(207,975	)	$	(217,533	)
Net deferred tax liabilities	$	(106,138	)	$	(114,850	)

Schedule of income before income tax, domestic and foreign

The components of income before provision for income taxes for fiscal years 2016, 2015 and 2014 are as follows (in thousands):

	Fiscal Year Ended March 31,
	2016			2015			2014
Domestic	$	(115,277	)	$	(40,602	)	$	(14,357	)
Foreign	36,046			152,075			259,348
Total	$	(79,231	)	$	111,473		$	244,991

Schedule of components of income tax expense (benefit)

The provision for income taxes for fiscal years 2016, 2015 and 2014 consisted of the following (in thousands):

	Fiscal Year Ended March 31,
	2016			2015			2014
Current:
Domestic	$	(29,907	)	$	4		$	36,872
Foreign	27,317			34,822			33,939
	$	(2,590	)	$	34,826		$	70,811
Deferred:
Domestic	$	(4,483	)	$	(11,358	)	$	(6,646	)
Foreign	4,991			(702		)	(6,953		)
	$	508		$	(12,060	)	$	(13,599	)
Total	$	(2,082	)	$	22,766		$	57,212

Schedule of effective income tax rate reconciliation

The reconciliation of the U.S. Federal statutory tax rate to the effective income tax rate for the provision for income taxes is shown below:

	Fiscal Year Ended March 31,
	2016		2015		2014
Statutory rate	35.0	%	35.0	%	35.0	%
Net foreign tax on non-U.S. earnings	(8.4	)%	26.3	%	11.8	%
Benefit of foreign tax deduction in the U.S.	2.6	%	—	%	—	%
Foreign earnings indefinitely reinvested abroad	15.9	%	(47.0	)%	(18.9	)%
Change in valuation allowance	(25.3	)%	4.0	%	1.8	%
Foreign earnings that are currently taxed in the U.S.	(7.9	)%	8.7	%	4.1	%
Effect of reduction in corporate income tax rate	1.1	%	—	%	(1.2	)%
Dividend inclusion as a result of internal realignment	—	%	—	%	1.1	%
Goodwill impairment	(11.8	)%	—	%	—	%
Benefit of current year foreign tax credits	—	%	(11.3	)%	(5.2	)%
Tax reserve release	0.2	%	(0.1	)%	(0.7	)%
Other, net	1.2	%	4.8	%	(4.4	)%
Effective tax rate	2.6	%	20.4	%	23.4	%

Schedule of years open by jurisdiction

The following table summarizes the years open by jurisdiction as of March 31, 2016:

Jurisdiction	Years Open
U.S.	Fiscal year 2013 to present
U.K.	Fiscal year 2014 to present
Nigeria	Fiscal year 2009 to present
Trinidad	Fiscal year 2005 to present
Australia	Fiscal year 2012 to present

Rollforward of unrecognized tax benefits

The activity associated with our unrecognized tax benefit during fiscal years 2016 and 2015 is as follows (in thousands):

	Fiscal Year Ended March 31,
	2016			2015
Unrecognized tax benefits – beginning of fiscal year	$	4,904		$	4,380
Eastern pre-acquisition tax liability	(4,193		)	—
Increases for tax positions taken in prior years	898			591
Decreases for tax positions taken in prior years	(188		)	—
Decrease related to statute of limitation expirations	(328		)	(67		)
Unrecognized tax benefits – end of fiscal year	$	1,093		$	4,904