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Sale/Leaseback Arrangements (Tables)
12 Months Ended
Mar. 31, 2014
Schedule of Future Minimum Rental Payments for Operating Leases

As of March 31, 2014, the future minimum lease payments for the vessels under the operating lease terms are as follows:

 

Fiscal year ending (In thousands)    Fiscal 2014
Sale/Leaseback
     Fiscal 2006
Sale/Leaseback
     Total        

2015

     $    20,879             1,645             22,524      

2016

     20,879             1,279             22,158      

2017

     20,879             —             20,879      

2018

     23,485             —             23,485      

2019

     24,800             —             24,800      

2020 and Thereafter

     65,263             —             65,263        

Total future lease payments

     $    176,185             2,924             179,109      

 

Schedule of Operating Lease Expense

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

 

(In thousands)    2014      2013      2012        

Vessel operating leases

   $     21,910         16,837         17,967