XML 1098 R35.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Indebtedness (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2015
Summary of Debt Outstanding | The following table summarizes debt outstanding at March 31:
(In thousands) |  |  | 2015 |  |  |  | 2014 |  |  |
4.61% July 2003 senior notes due fiscal 2016 |  | $ | 35,000 |  |  |  | 35,000 |  |  |
3.28% September 2010 senior notes due fiscal 2016 |  |  | 42,500 |  |  |  | 42,500 |  |  |
3.90% September 2010 senior notes due fiscal 2018 |  |  | 44,500 |  |  |  | 44,500 |  |  |
3.95% September 2010 senior notes due fiscal 2018 |  |  | 25,000 |  |  |  | 25,000 |  |  |
4.12% September 2010 senior notes due fiscal 2019 |  |  | 25,000 |  |  |  | 25,000 |  |  |
4.17% September 2010 senior notes due fiscal 2019 |  |  | 25,000 |  |  |  | 25,000 |  |  |
4.33% September 2010 senior notes due fiscal 2020 |  |  | 50,000 |  |  |  | 50,000 |  |  |
4.51% September 2010 senior notes due fiscal 2021 |  |  | 100,000 |  |  |  | 100,000 |  |  |
4.56% September 2010 senior notes due fiscal 2021 |  |  | 65,000 |  |  |  | 65,000 |  |  |
4.61% September 2010 senior notes due fiscal 2023 |  |  | 48,000 |  |  |  | 48,000 |  |  |
4.06% August 2011 senior notes due fiscal 2019 |  |  | 50,000 |  |  |  | 50,000 |  |  |
4.54% August 2011 senior notes due fiscal 2022 |  |  | 65,000 |  |  |  | 65,000 |  |  |
4.64% August 2011 senior notes due fiscal 2022 |  |  | 50,000 |  |  |  | 50,000 |  |  |
4.26% September 2013 senior notes due fiscal 2021 |  |  | 123,000 |  |  |  | 123,000 |  |  |
5.01% September 2013 senior notes due fiscal 2024 |  |  | 250,000 |  |  |  | 250,000 |  |  |
5.16% September 2013 senior notes due fiscal 2026 |  |  | 127,000 |  |  |  | 127,000 |  |  |
NOK denominated notes due fiscal 2025 |  |  | 20,152 |  |  |  | 29,837 |  |  |
NOK denominated notes due fiscal 2026 |  |  | 34,234 |  |  |  | 50,028 |  |  |
NOK denominated borrowing agreement due fiscal 2016 |  |  | 2,490 |  |  |  | 5,837 |  |  |
NOK denominated borrowing agreement due fiscal 2019 |  |  | 3,112 |  |  |  | 4,168 |  |  |
USD denominated notes due fiscal 2027 |  |  | 29,488 |  |  |  | — |  |  |
Bank term loan due fiscal 2019 (A) |  |  | 300,000 |  |  |  | 300,000 |  |  |
Revolving line of credit due fiscal 2019 (A) |  |  | 20,000 |  |  |  | — |  |  |
|  | $ | 1,534,476 |  |  |  | 1,514,870 |  |  |
Less: Current maturities of long-term debt |  |  | 10,181 |  |  |  | 9,512 |  |  |
Total |  | $ | 1,524,295 |  |  |  | 1,505,358 |  |  |
(A) | In May 2015, the company amended its existing credit facility, extending the due dates of the bank term loan and revolving line of credit until fiscal 2020. Refer to Note (19) for additional information regarding the amended and extended credit facility.
Debt Costs | Interest and debt costs incurred, net of interest capitalized, for the years ended March 31, are as follows:
(In thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |  |  |
Interest and debt costs incurred, net of interest capitalized |  | $ | 50,029 |  |  |  | 43,814 |  |  |  | 29,745 |  |  |
Interest costs capitalized |  |  | 13,673 |  |  |  | 11,497 |  |  |  | 10,602 |  |  |
Total interest and debt costs |  | $ | 63,702 |  |  |  | 55,311 |  |  |  | 40,347 |  |  |
September 2013 Senior Notes |
Schedule of Aggregate Amount of Senior Unsecured Notes Outstanding | September 2013 Senior Notes On September 30, 2013, the company executed a note purchase agreement for $500 million and issued $300 million of senior unsecured notes to a group of institutional investors. The company issued the remaining $200 million of senior unsecured notes on November 15, 2013. A summary of these outstanding notes at March 31, is as follows:
(In thousands, except weighted average data) |  | 2015 |  |  | 2014 |  |  |
Aggregate debt outstanding |  | $ | 500,000 |  |  |  | 500,000 |  |  |
Weighted average remaining life in years |  |  | 8.4 |  |  |  | 9.4 |  |  |
Weighted average coupon rate on notes outstanding |  |  | 4.86 | % |  |  | 4.86 | % |  |
Fair value of debt outstanding |  |  | 516,879 |  |  |  | 520,979 |  |  |
August 2011 Senior Notes |
Schedule of Aggregate Amount of Senior Unsecured Notes Outstanding | August 2011 Senior Notes On August 15, 2011, the company issued $165 million of senior unsecured notes to a group of institutional investors. A summary of these outstanding notes at March 31, is as follows:
(In thousands, except weighted average data) |  |  | 2015 |  |  |  | 2014 |  |  |
Aggregate debt outstanding |  | $ | 165,000 |  |  |  | 165,000 |  |  |
Weighted average remaining life in years |  |  | 5.6 |  |  |  | 6.6 |  |  |
Weighted average coupon rate on notes outstanding |  |  | 4.42 | % |  |  | 4.42 | % |  |
Fair value of debt outstanding |  |  | 167,910 |  |  |  | 168,653 |  |  |
September 2010 Senior Notes |
Schedule of Aggregate Amount of Senior Unsecured Notes Outstanding | September 2010 Senior Notes In fiscal 2011, the company completed the sale of $425 million of senior unsecured notes. A summary of the aggregate amount of these outstanding notes at March 31, is as follows:
(In thousands, except weighted average data) |  |  | 2015 |  |  |  | 2014 |  |  |
Aggregate debt outstanding |  | $ | 425,000 |  |  |  | 425,000 |  |  |
Weighted average remaining life in years |  |  | 4.6 |  |  |  | 5.6 |  |  |
Weighted average coupon rate on notes outstanding |  |  | 4.25 | % |  |  | 4.25 | % |  |
Fair value of debt outstanding |  |  | 431,296 |  |  |  | 436,254 |  |  |
July 2003 Senior Notes |
Schedule of Aggregate Amount of Senior Unsecured Notes Outstanding | July 2003 Senior Notes In July 2003, the company completed the sale of $300 million of senior unsecured notes. A summary of the aggregate amount of these outstanding notes at March 31, is as follows:
(In thousands, except weighted average data) |  |  | 2015 |  |  |  | 2014 |  |  |
Aggregate debt outstanding |  | $ | 35,000 |  |  |  | 35,000 |  |  |
Weighted average remaining life in years |  |  | 0.3 |  |  |  | 1.3 |  |  |
Weighted average coupon rate on notes outstanding |  |  | 4.61 | % |  |  | 4.61 | % |  |
Fair value of debt outstanding |  |  | 35,197 |  |  |  | 36,018 |  |  |

X
- Definition Interest And Debt Costs Incurred Net Of Interest Capitalized. + References No definition available. + Details
Name: | tdw_InterestAndDebtCostsIncurredNetOfInterestCapitalizedTableTextBlock
Namespace Prefix: | tdw_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=tdw_SeniorNotesTwentyElevenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=tdw_SeniorNotesTwentyTenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=tdw_SeniorNotesTwentyThirteenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=tdw_SeniorNotesTwentyZeroThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |