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 |
|
|
|
|