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OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES AND DEFERRED CREDITS (Tables)
6 Months Ended
Sep. 30, 2015
Schedule Of Other Assets

A summary of other assets at September 30, 2015 and March 31, 2015 is as follows:

 

(In thousands)   

    September 30,

    2015

     March 31,    
2015    
 

 

 

Recoverable insurance losses

   $ 9,793                     10,468           

Deferred income tax assets

     23,923                     19,004           

Deferred finance charges – revolver

     7,534                     7,396           

Savings plans and supplemental plan

     21,447                     23,208           

Expected refunds due pursuant to cancelled vessel construction contracts (A)

     26,559                     ---           

Other

     14,424                     15,120           

 

 
   $         103,680                     75,196           

 

 

 

  (A)

Assumes options to acquire seven vessels are not exercised by the company. Refer to Note (7)

Schedule of Accrued Expenses

A summary of accrued expenses at September 30, 2015 and March 31, 2015 is as follows:

 

(In thousands)   

    September 30,

    2015

     March 31,    
2015    
 

 

 

Payroll and related payables

   $ 32,864                     32,041           

Commissions payable (B)

     7,203                     8,282           

Accrued vessel expenses

     70,555                     79,549           

Accrued interest expense

     14,928                     14,514           

Other accrued expenses

     11,402                     11,869           

 

 
   $         136,952                     146,255           

 

 

 

  (B)

Excludes $22.6 million and $46.3 million of commissions due to Sonatide at September 30, 2015 and March 31, 2015, respectively. These amounts are included in amounts due to affiliate.

Schedule of Other Current Liabilities

A summary of other current liabilities at September 30, 2015 and March 31, 2015 is as follows:

 

(In thousands)   

September 30,

2015

    

March 31,    

2015    

 

 

 

Taxes payable

   $ 50,243                     56,620           

Deferred gain on vessel sales - current

     24,928                     25,057           

Other

     359                     784           

 

 
   $         75,530                     82,461           

 

 
Schedule of Other Liabilities and Deferred Credits

A summary of other liabilities and deferred credits at September 30, 2015 and March 31, 2015 is as follows:

 

(In thousands)   

    September 30,

    2015

    

March 31,    

2015    

 

 

 

Postretirement benefits liability

   $ 21,865                     23,018           

Pension liabilities

     42,625                     41,279           

Deferred gain on vessel sales

     124,360                     136,238           

Other

     35,668                     34,573           

 

 
   $         224,518                     235,108