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ACQUISITION (Tables)
12 Months Ended
Mar. 31, 2015
Allocation of Purchase Price for Acquisition

The following table summarizes the allocation of the purchase price for the acquisition of Troms Offshore:

 

(In thousands)             

Cash

   $         22,263     

Trade receivables and other current assets

     9,816     

Vessels (A)

     245,605     

Goodwill (B)

     42,160     

Payable and other liabilities

     (13,020  

Notes payable

     (156,824    

Total purchase price

   $         150,000     

 

 

(A)

Includes $10.7 million in costs attributed to vessels under construction.

(B)

Subsequently written off in December 2014.