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

12 Months Ended

Mar. 31, 2016

(7)	OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES, AND OTHER LIABILITIES AND DEFERRED CREDITS

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

(In thousands)	2016		2015
Deposits on vessel construction options (A)	$	30,285		—
Deposits - general		8,076		7,381
Prepaid expenses		6,394		10,400
	$	44,755		17,781

(A)

Refer to Note (12) for additional discussion regarding the vessels under construction with option agreements.

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

(In thousands)	2016		2015
Recoverable insurance losses	$	9,412		10,468
Deferred income tax assets		33,505		19,004
Deferred finance charges – revolver		6,754		7,396
Savings plans and supplemental plan		14,472		23,208
Other		14,297		15,120
	$	78,440		75,196

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

(In thousands)	2016		2015
Payroll and related payables	$	12,864		32,041
Commissions payable		7,193		8,282
Accrued vessel expenses		45,838		79,549
Accrued interest expense		15,120		14,514
Other accrued expenses		10,596		11,869
	$	91,611		146,255

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

(In thousands)	2016		2015
Taxes payable	$	45,854		56,620
Deferred gain on vessel sales - current		23,798		25,057
Other		5,173		784
	$	74,825		82,461

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

(In thousands)	2016		2015
Postretirement benefits liability	$	4,755		23,018
Pension liabilities		41,690		41,279
Deferred gain on vessel sales		112,721		136,238
Other		22,380		34,573
	$	181,546		235,108