XML 1151 R34.htm IDEA: XBRL DOCUMENT
v2.4.1.9

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2015
Earnings Before Income Taxes Derived from United States and Non-U.S. Operations | Earnings before income taxes derived from United States and non-U.S. operations for the years ended March 31, are as follows:
(In thousands) |  |  | 2015 |  |  |  | 2014 |  |  |  | 2013 |  |  |
Non-U.S. |  | $ | (38,282 | ) |  |  | 217,816 |  |  |  | 246,863 |  |  |
United States |  |  | (27,985 | ) |  |  | (44,768 | ) |  |  | (51,700 | ) |  |
|  | $ | (66,267 | ) |  |  | 173,048 |  |  |  | 195,163 |  |  |
Income Tax Expense (Benefit) | Income tax expense (benefit) for the years ended March 31, consists of the following:
|  |  | U.S. |  |  |  |  |  |  |  |  |  |  |
(In thousands) |  |  | Federal |  |  |  | State |  |  |  | International |  |  |  | Total |  |  |
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 4,869 |  |  |  | (9 | ) |  |  | 66,452 |  |  |  | 71,312 |  |  |
Deferred |  |  | (72,389 | ) |  |  | — |  |  |  | — |  |  |  | (72,389 | ) |  |
|  | $ | (67,520 | ) |  |  | (9 | ) |  |  | 66,452 |  |  |  | (1,077 | ) |  |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | (602 | ) |  |  | 4 |  |  |  | 68,100 |  |  |  | 67,502 |  |  |
Deferred |  |  | (34,226 | ) |  |  | — |  |  |  | (483 | ) |  |  | (34,709 | ) |  |
|  | $ | (34,828 | ) |  |  | 4 |  |  |  | 67,617 |  |  |  | 32,793 |  |  |
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | (7,633 | ) |  |  | (313 | ) |  |  | 64,092 |  |  |  | 56,146 |  |  |
Deferred |  |  | (11,335 | ) |  |  | — |  |  |  | (398 | ) |  |  | (11,733 | ) |  |
|  | $ | (18,968 | ) |  |  | (313 | ) |  |  | 63,694 |  |  |  | 44,413 |  |  |
Tax Rate Applicable to Pre-Tax Earnings | The actual income tax expense above differs from the amounts computed by applying the U.S. federal statutory tax rate of 35% to pre-tax earnings as a result of the following for the years ended March 31:
(In thousands) |  |  | 2015 |  |  |  | 2014 |  |  |  | 2013 |  |  |
Computed “expected” tax expense |  | $ | (23,193 | ) |  |  | 60,567 |  |  |  | 68,307 |  |  |
Increase (reduction) resulting from: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign income taxed at different rates |  |  | (13,570 | ) |  |  | (18,536 | ) |  |  | (23,965 | ) |  |
Foreign tax credits not previously recognized |  |  | — |  |  |  | (483 | ) |  |  | (398 | ) |  |
Expenses which are not deductible for tax purposes |  |  | 472 |  |  |  | 720 |  |  |  | 498 |  |  |
Non-deductible goodwill |  |  | 15,811 |  |  |  | 2,941 |  |  |  | — |  |  |
Reversal of basis difference – sale leaseback |  |  | — |  |  |  | (3,369 | ) |  |  | — |  |  |
Valuation allowance – deferred tax assets |  |  | 17,829 |  |  |  | (5,821 | ) |  |  | 5,821 |  |  |
Amortization of deferrals associated with intercompany sales to foreign tax jurisdictions |  |  | (2,358 | ) |  |  | (1,475 | ) |  |  | (6,232 | ) |  |
Expenses which are not deductible for book purposes |  |  | (832 | ) |  |  | (2,144 | ) |  |  | — |  |  |
Foreign taxes |  |  | 5,688 |  |  |  |  |  |  |  |  |  |  |
State taxes |  |  | (6 | ) |  |  | 3 |  |  |  | (203 | ) |  |
Other, net |  |  | (918 | ) |  |  | 390 |  |  |  | 585 |  |  |
|  | $ | (1,077 | ) |  |  | 32,793 |  |  |  | 44,413 |  |  |
Schedule of Effective Tax Rate Applicable to Pre-Tax Earnings | The effective tax rate applicable to pre-tax earnings for the years ended March 31, is as follows:
|  |  | 2015 |  |  |  | 2014 |  |  |  | 2013 |  |  |
Effective tax rate applicable to pre-tax earnings |  |  | 1.63 | % |  |  | 18.95 | % |  |  | 22.76 | % |  |
Schedule of Significant Portions of Deferred Tax Assets and Deferred Tax Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at March 31, is as follows:
(In thousands) |  |  | 2015 |  |  |  | 2014 |  |  |
Deferred tax assets: |  |  |  |  |  |  |  |  |  |
Accrued employee benefit plan costs |  | $ | 21,874 |  |  |  | 21,423 |  |  |
Stock based compensation |  |  | 8,731 |  |  |  | 7,162 |  |  |
Net operating loss and tax credit carryforwards |  |  | 2,327 |  |  |  | 2,895 |  |  |
Other |  |  | 3,901 |  |  |  | 2,896 |  |  |
Gross deferred tax assets |  |  | 36,833 |  |  |  | 34,376 |  |  |
Less valuation allowance |  |  | (17,829 | ) |  |  | — |  |  |
Net deferred tax assets |  |  | 19,004 |  |  |  | 34,376 |  |  |
Deferred tax liabilities: |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | (19,004 | ) |  |  | (108,929 | ) |  |
Gross deferred tax liabilities |  |  | (19,004 | ) |  |  | (108,929 | ) |  |
Net deferred tax assets (liabilities) |  | $ | — |  |  |  | (74,553 | ) |  |
Schedule of Deferred Tax Not Recognized | The amount of foreign income that U.S. deferred taxes has not been recognized upon, as of March 31, is as follows:
(In thousands) |  |  | 2015 |  |  |
Foreign income not recognized for U.S. deferred taxes |  | $ | 2,578,133 |  |  |
Schedule of Tax Credit Carry-Forwards | The company has the following foreign tax credit carry-forwards that expire in 2022.
(In thousands) |  |  | 2015 |  |  |
Foreign tax credit carry-forwards |  | $ | 2,327 |  |  |
Schedule of Uncertain Tax Positions and Income Tax Payable | The company’s balance sheet reflects the following in accordance with ASC 740, Income Taxes at March 31:
(In thousands) |  |  | 2015 |  |  |  | 2014 |  |  |
Tax liabilities for uncertain tax positions |  | $ | 16,305 |  |  |  | 18,008 |  |  |
Income tax payable |  |  | 44,607 |  |  |  | 36,472 |  |  |
Schedule of Unrecognized Tax Benefits Which Would Lower Effective Tax Rate if Realized | Unrecognized tax benefits, which are not included in the liability for uncertain tax positions above as they have not been recognized in previous tax filings, and which would lower the effective tax rate if realized, at March 31, are as follows:
(In thousands) |  |  | 2015 |  |  |
Unrecognized tax benefit related to state tax issues |  | $ | 11,685 |  |  |
Interest receivable on unrecognized tax benefit related to state tax issues |  |  | 32 |  |  |
Schedule of Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of all unrecognized tax benefits, including the unrecognized tax benefit related to state tax issues and the liability for uncertain tax positions (but excluding related penalties and interest) for the years ended March 31, are as follows:
(In thousands) |  |  | 2015 |  |  |  | 2014 |  |  |  | 2013 |  |  |
Balance at April 1, |  | $ | 20,066 |  |  |  | 14,868 |  |  |  | 15,727 |  |  |
Additions based on tax positions related to the current year |  |  | 1,342 |  |  |  | 4,393 |  |  |  | 2,041 |  |  |
Additions based on tax positions related to prior years |  |  | — |  |  |  | 2,217 |  |  |  | — |  |  |
Reductions for tax positions of prior years |  |  | — |  |  |  | — |  |  |  | — |  |  |
Exchange rate fluctuation |  |  | — |  |  |  | — |  |  |  | — |  |  |
Settlement and lapse of statute of limitations |  |  | (1,710 | ) |  |  | (1,412 | ) |  |  | (2,900 | ) |  |
Balance at March 31, |  | $ | 19,698 |  |  |  | 20,066 |  |  |  | 14,868 |  |  |
Schedule of Tax Benefit From Stock Benefit Transactions | The tax benefit for the years ended March 31, are as follows:
(In thousands) |  |  | 2015 |  |  |  | 2014 |  |  |  | 2013 |  |  |
Excess tax benefits on stock benefit transactions |  | $ | (1,784 | ) |  |  | 301 |  |  |  | 359 |  |  |

X
- Definition Earnings Before Income Taxes Derived From Segments Operations [Table Text Block] + References No definition available. + Details
Name: | tdw_EarningsBeforeIncomeTaxesDerivedFromSegmentsOperationsTableTextBlock
Namespace Prefix: | tdw_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Income Tax Expense Benefit Reconciliation [Table Text Block] + References No definition available. + Details
Name: | tdw_ScheduleOfIncomeTaxExpenseBenefitReconciliationTableTextBlock
Namespace Prefix: | tdw_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Tax Benefit From Stock Options Exercised [Table Text Block] + References No definition available. + Details
Name: | tdw_ScheduleOfTaxBenefitFromStockOptionsExercisedTableTextBlock
Namespace Prefix: | tdw_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Uncertain Tax Positions and Income Tax Payable. + References No definition available. + Details
Name: | tdw_ScheduleOfUncertainTaxPositionsAndIncomeTaxPayableTableTextBlock
Namespace Prefix: | tdw_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of deferred tax liabilities not recognized because of the exceptions to comprehensive recognition of deferred taxes, including a description of the temporary differences, events that would cause the temporary differences to become taxable, the cumulative amounts of the temporary differences and the amounts not recognized as deferred tax liabilities or a statement that the determination of the deferred tax liabilities is not practicable. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 740 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6487024&loc=d3e29054-158556 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 25 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=29652012&loc=d3e28200-109314 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 + Details
Name: | us-gaap_SummaryOfDeferredTaxLiabilityNotRecognizedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfPositionsForWhichSignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Carryforwards -URI http://asc.fasb.org/extlink&oid=6506874 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
Name: | us-gaap_SummaryOfTaxCreditCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration