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Quarterly Financial Data
 12 Months Ended
Mar. 31, 2015
Quarterly Financial Data
(18)   QUARTERLY FINANCIAL DATA (UNAUDITED)

Selected financial information for interim periods for the years ended March 31, is as follows:

 

     Quarter      
(In thousands except per share data)    First      Second      Third     Fourth       

Fiscal 2015

                                       

Revenues

    $         385,677         397,524         387,554        324,762     

Operating income(A)

      66,004         84,723         (213,580 )      25,672     

Net earnings attributable to Tidewater Inc.

      43,673         60,907         (160,694 )      (9,076 )   

Basic earnings per share attributable to Tidewater Inc.

    $ .88         1.23         (3.31 )      (.19 )   

Diluted earnings per share attributable to Tidewater Inc.

    $ .88         1.22         (3.31 )      (.19 )     

Fiscal 2014

                                       

Revenues

    $ 334,085         367,937         365,248        367,833     

Operating income(A)

      43,425         76,565         20,488        61,063     

Net earnings attributable to Tidewater Inc.

      30,083         54,172         12,583        43,417     

Basic earnings per share attributable to Tidewater Inc.

    $ .61         1.10         .25        .88     

Diluted earnings per share attributable to Tidewater Inc.

    $ .61         1.09         .25        .88       

 

(A)

Operating income consists of revenues less operating costs and expenses, depreciation, vessel operating leases, goodwill impairment, general and administrative expenses and gain on asset dispositions, net, of the company’s operations. Goodwill impairment by quarter for fiscal 2015 and 2014 and gain on asset dispositions, net, by quarter for fiscal 2015 and 2014, are as follows:

 

(In thousands)    First      Second      Third     Fourth        

Fiscal 2015:

              

Goodwill impairment

    $ —         —         (283,699 )      —      

Gain on asset dispositions, net

    $ 2,943         3,590         (1,537 )      4,275        

Fiscal 2014:

              

Goodwill impairment

    $ —         —         (56,283 )      —      

Gain on asset dispositions, net

    $         2,140         49         7,170        2,363