Sale/Leaseback Arrangements (Tables)

12 Months Ended

Mar. 31, 2013

Schedule of Future Minimum Rental Payments for Operating Leases

As of March 31, 2013, the future minimum lease payments for the vessels under the operating lease terms are as follows:

Fiscal year ending (In thousands)	Fiscal 2010 Sale/Leaseback		Fiscal 2006 Sale/Leaseback		Total
2014		$    10,702		4,825		15,527
2015		2,836		4,825		7,661
2016		—		2,304		2,304
2017		—		—		—
Thereafter		—		—		—
Total future lease payments		$    13,538		11,954		25,492

Schedule of Operating Lease Expense

The operating lease expense on these bareboat charter arrangements, which are reflected in vessel operating costs, for the years ended March 31, are as follows:

(In thousands)	2013		2012		2011
Vessel operating leases	$	16,836		17,967		17,964