XML 75 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Earnings (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Vessel revenues $ 390,952 $ 363,668 $ 772,462 $ 695,298
Other operating revenues 6,572 4,269 10,739 6,724
Total revenues 397,524 367,937 783,201 702,022
Costs and expenses:        
Vessel operating costs 212,819 195,316 430,063 391,477
Costs of other operating revenues 6,560 4,040 11,221 6,060
General and administrative 46,762 46,038 97,822 96,518
Vessel operating leases 6,542 3,971 13,082 8,002
Depreciation and amortization 43,708 42,056 86,819 82,164
Gain on asset dispositions, net (3,590) (49) (6,533) (2,189)
Total costs and expenses 312,801 291,372 632,474 582,032
Operating income 84,723 76,565 150,727 119,990
Other income (expenses):        
Foreign exchange gain 5,408 3,017 4,119 2,928
Equity in net earnings of unconsolidated companies 3,821 3,781 9,104 8,201
Interest income and other, net 499 538 1,121 1,278
Loss on early extinguishment of debt   (4,144)   (4,144)
Interest and other debt costs, net (12,559) (9,918) (25,688) (18,831)
Total other income (expenses) (2,831) (6,726) (11,344) (10,568)
Earnings before income taxes 81,892 69,839 139,383 109,422
Income tax expense 21,067 15,667 34,859 25,167
Net earnings 60,825 54,172 104,524 84,255
Less: Net earnings attributable to noncontrolling interests (82)   (56)  
Net earnings $ 60,907 $ 54,172 $ 104,580 $ 84,255
Basic earnings per common share $ 1.23 $ 1.10 $ 2.11 $ 1.71
Diluted earnings per common share $ 1.22 $ 1.09 $ 2.10 $ 1.70
Weighted average common shares outstanding 49,582,086 49,274,816 49,581,707 49,253,409
Dilutive effect of stock options and restricted stock 230,841 448,303 219,607 395,983
Adjusted weighted average common shares 49,812,927 49,723,119 49,801,314 49,649,392