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OTHER CURRENT ASSETS, OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES AND DEFERRED CREDITS
9 Months Ended
Dec. 31, 2015
Other Current Assets Other Assets Accrued Expenses Other Current Liabilities And Other Non Current Liabilities And Deferred Credits [Abstract]  
OTHER CURRENT ASSETS, OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES AND DEFERRED CREDITS

(9)

OTHER CURRENT ASSETS, OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES AND DEFERRED CREDITS

A summary of other current assets at December 31, 2015 and March 31, 2015 is as follows:

 

 

 

December 31,

 

 

March 31,

 

(In thousands)

 

2015

 

 

2015

 

Deposits on vessel construction options (A)

 

$

44,748

 

 

 

 

Deposits - general

 

 

7,017

 

 

 

7,381

 

Prepaid expenses

 

 

9,054

 

 

 

10,400

 

 

 

$

60,819

 

 

 

17,781

 

 

 

(A)

Refer to Note (7) for additional discussion regarding the vessels under construction with option agreements.

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

 

 

 

December 31,

 

 

March 31,

 

(In thousands)

 

2015

 

 

2015

 

Recoverable insurance losses

 

$

9,682

 

 

 

10,468

 

Deferred income tax assets

 

 

31,136

 

 

 

19,004

 

Deferred finance charges – revolver

 

 

7,125

 

 

 

7,396

 

Savings plans and supplemental plan

 

 

14,984

 

 

 

23,208

 

Other

 

 

19,423

 

 

 

15,120

 

 

 

$

82,350

 

 

 

75,196

 

 

      

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

 

 

 

December 31,

 

 

March 31,

 

(In thousands)

 

2015

 

 

2015

 

Payroll and related payables

 

$

22,405

 

 

 

32,041

 

Commissions payable (A)

 

 

7,197

 

 

 

8,282

 

Accrued vessel expenses

 

 

53,414

 

 

 

79,549

 

Accrued interest expense

 

 

4,791

 

 

 

14,514

 

Other accrued expenses

 

 

8,797

 

 

 

11,869

 

 

 

$

96,604

 

 

 

146,255

 

 

 

(B)

Excludes $27.3 million and $46.3 million of commissions due to Sonatide at December 31, 2015 and March 31, 2015, respectively. These amounts are included in amounts due to affiliate.

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

 

 

 

December 31,

 

 

March 31,

 

(In thousands)

 

2015

 

 

2015

 

Taxes payable

 

$

41,480

 

 

 

56,620

 

Deferred gain on vessel sales - current

 

 

24,403

 

 

 

25,057

 

Other

 

 

370

 

 

 

784

 

 

 

$

66,253

 

 

 

82,461

 

 

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

 

 

 

December 31,

 

 

March 31,

 

(In thousands)

 

2015

 

 

2015

 

Postretirement benefits liability

 

$

20,651

 

 

 

23,018

 

Pension liabilities

 

 

42,773

 

 

 

41,279

 

Deferred gain on vessel sales

 

 

118,420

 

 

 

136,238

 

Other

 

 

28,395

 

 

 

34,573

 

 

 

$

210,239

 

 

 

235,108