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SEGMENT AND GEOGRAPHIC DISTRIBUTION OF OPERATIONS (Tables) | 3 Months Ended
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Jun. 30, 2015
Segment Information, Geographical Data and Major Customers | The following table provides a comparison of segment revenues, vessel operating profit, depreciation and amortization, and additions to properties and equipment for the quarters ended June 30, 2015 and 2014. Vessel revenues and operating costs relate to vessels owned and operated by the company while other operating revenues relate to the activities of the remotely operated vehicles (ROVs), brokered vessels and other miscellaneous marine-related businesses.
|  | Quarter Ended
|  | June 30,
(In thousands) |  | 2015 |  |  | 2014 |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |
Vessel revenues: |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 114,172 |  |  |  | 119,983 |  |  |
Asia/Pacific |  |  | 27,937 |  |  |  | 40,249 |  |  |
Middle East/North Africa |  |  | 47,266 |  |  |  | 55,539 |  |  |
Sub-Saharan Africa/Europe |  |  | 108,938 |  |  |  | 165,739 |  |  |
|  |  | 298,313 |  |  |  | 381,510 |  |  |
Other operating revenues |  |  | 6,461 |  |  |  | 4,167 |  |  |
|  | $ | 304,774 |  |  |  | 385,677 |  |  |
Vessel operating profit/(loss): |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 23,839 |  |  |  | 30,208 |  |  |
Asia/Pacific |  |  | 1,750 |  |  |  | (971 | ) |  |
Middle East/North Africa |  |  | 8,160 |  |  |  | 11,793 |  |  |
Sub-Saharan Africa/Europe |  |  | 1,291 |  |  |  | 37,602 |  |  |
|  |  | 35,040 |  |  |  | 78,632 |  |  |
Other operating loss |  |  | (1,836 | ) |  |  | (2,423 | ) |  |
|  |  | 33,204 |  |  |  | 76,209 |  |  |
Corporate general and administrative expenses |  |  | (10,014 | ) |  |  | (12,332 | ) |  |
Corporate depreciation |  |  | (1,494 | ) |  |  | (816 | ) |  |
Corporate expenses |  |  | (11,508 | ) |  |  | (13,148 | ) |  |
Gain/(loss) on asset dispositions, net |  |  | (7,607 | ) |  |  | 2,943 |  |  |
Operating income |  | $ | 14,089 |  |  |  | 66,004 |  |  |
Foreign exchange loss |  |  | (4,133 | ) |  |  | (1,289 | ) |  |
Equity in net earnings/(losses) of unconsolidated companies |  |  | (2,441 | ) |  |  | 5,283 |  |  |
Interest income and other, net |  |  | 790 |  |  |  | 622 |  |  |
Interest and other debt costs, net |  |  | (13,182 | ) |  |  | (13,129 | ) |  |
Earnings (loss) before income taxes |  | $ | (4,877 | ) |  |  | 57,491 |  |  |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 12,050 |  |  |  | 11,408 |  |  |
Asia/Pacific |  |  | 5,389 |  |  |  | 4,386 |  |  |
Middle East/North Africa |  |  | 7,075 |  |  |  | 6,582 |  |  |
Sub-Saharan Africa/Europe |  |  | 18,235 |  |  |  | 19,049 |  |  |
|  |  | 42,749 |  |  |  | 41,425 |  |  |
Other |  |  | 1,414 |  |  |  | 870 |  |  |
Corporate |  |  | 1,494 |  |  |  | 816 |  |  |
|  | $ | 45,657 |  |  |  | 43,111 |  |  |
Additions to properties and equipment: |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 22,054 |  |  |  | 16,238 |  |  |
Asia/Pacific |  |  | 635 |  |  |  | 73 |  |  |
Middle East/North Africa |  |  | 292 |  |  |  | 430 |  |  |
Sub-Saharan Africa/Europe |  |  | 273 |  |  |  | 2,575 |  |  |
|  |  | 23,254 |  |  |  | 19,316 |  |  |
Other |  |  | — |  |  |  | 4,036 |  |  |
Corporate (A) |  |  | 69,765 |  |  |  | 21,746 |  |  |
|  | $ | 93,019 |  |  |  | 45,098 |  |  |
(A) | Included in Corporate are additions to properties and equipment relating to vessels currently under construction which have not yet been assigned to a non-corporate reporting segment as of the dates presented.
Comparison of Total Assets | The following table provides a comparison of total assets at June 30, 2015 and March 31, 2015:
(In thousands) |  | June 30, 2015 |  |  | March 31, 2015 |  |  |
Total assets: |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 1,087,484 |  |  |  | 1,016,133 |  |  |
Asia/Pacific |  |  | 497,040 |  |  |  | 506,265 |  |  |
Middle East/North Africa |  |  | 621,676 |  |  |  | 666,983 |  |  |
Sub-Saharan Africa/Europe |  |  | 2,040,892 |  |  |  | 2,064,010 |  |  |
|  |  | 4,247,092 |  |  |  | 4,253,391 |  |  |
Other |  |  | 47,082 |  |  |  | 49,554 |  |  |
|  |  | 4,294,174 |  |  |  | 4,302,945 |  |  |
Investments in, at equity, and advances to unconsolidated companies |  |  | 62,701 |  |  |  | 65,844 |  |  |
|  |  | 4,356,875 |  |  |  | 4,368,789 |  |  |
Corporate (A) |  |  | 356,609 |  |  |  | 387,373 |  |  |
|  | $ | 4,713,484 |  |  |  | 4,756,162 |  |  |
(A) Included in Corporate are vessels currently under construction which have not yet been assigned to a non-corporate reporting segment. A vessel’s construction costs are reported in Corporate until the earlier of the date the vessels is assigned to a non-corporate reporting segment or the date it is delivered. At June 30, 2015 and March 31, 2015, $181.5 million and $235.2 million, respectively, of vessel construction costs are included in Corporate.
Schedule of Segment Reporting Information, Revenue by Vessel Class | The following table discloses the amount of revenue by segment, and in total for the worldwide fleet, along with the respective percentage of total vessel revenue for the quarters ended June 30, 2015 and 2014:
|  | Quarter Ended |  |
|  | June 30, |  |
Revenue by vessel class: (In thousands): |  | 2015 |  | % of Vessel Revenue |  | 2014 |  | % of Vessel Revenue |  |
Americas fleet: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deepwater |  |  | $ | 80,152 |  |  |  |  | 27 | % |  |  |  | 82,282 |  |  |  |  | 21 | % |  |
Towing-supply |  |  |  | 29,515 |  |  |  |  | 10 | % |  |  |  | 29,517 |  |  |  |  | 8 | % |  |
Other |  |  |  | 4,505 |  |  |  |  | 1 | % |  |  |  | 8,184 |  |  |  |  | 2 | % |  |
Total |  |  | $ | 114,172 |  |  |  |  | 38 | % |  |  |  | 119,983 |  |  |  |  | 31 | % |  |
Asia/Pacific fleet: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deepwater |  |  | $ | 19,833 |  |  |  |  | 7 | % |  |  |  | 24,242 |  |  |  |  | 7 | % |  |
Towing-supply |  |  |  | 8,104 |  |  |  |  | 2 | % |  |  |  | 15,037 |  |  |  |  | 4 | % |  |
Other |  |  |  | — |  |  |  |  | — |  |  |  |  | 970 |  |  |  |  | <1 | % |  |
Total |  |  | $ | 27,937 |  |  |  |  | 9 | % |  |  |  | 40,249 |  |  |  |  | 11 | % |  |
Middle East/North Africa fleet: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deepwater |  |  | $ | 20,386 |  |  |  |  | 7 | % |  |  |  | 19,467 |  |  |  |  | 5 | % |  |
Towing-supply |  |  |  | 26,189 |  |  |  |  | 9 | % |  |  |  | 35,279 |  |  |  |  | 9 | % |  |
Other |  |  |  | 691 |  |  |  |  | <1 | % |  |  |  | 793 |  |  |  |  | <1 | % |  |
Total |  |  | $ | 47,266 |  |  |  |  | 16 | % |  |  |  | 55,539 |  |  |  |  | 15 | % |  |
Sub-Saharan Africa/Europe fleet: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deepwater |  |  | $ | 53,966 |  |  |  |  | 18 | % |  |  |  | 91,691 |  |  |  |  | 24 | % |  |
Towing-supply |  |  |  | 41,198 |  |  |  |  | 14 | % |  |  |  | 55,436 |  |  |  |  | 14 | % |  |
Other |  |  |  | 13,774 |  |  |  |  | 5 | % |  |  |  | 18,612 |  |  |  |  | 5 | % |  |
Total |  |  | $ | 108,938 |  |  |  |  | 37 | % |  |  |  | 165,739 |  |  |  |  | 43 | % |  |
Worldwide fleet: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deepwater |  |  | $ | 174,337 |  |  |  |  | 59 | % |  |  |  | 217,682 |  |  |  |  | 57 | % |  |
Towing-supply |  |  |  | 105,006 |  |  |  |  | 35 | % |  |  |  | 135,269 |  |  |  |  | 35 | % |  |
Other |  |  |  | 18,970 |  |  |  |  | 6 | % |  |  |  | 28,559 |  |  |  |  | 8 | % |  |
Total |  |  | $ | 298,313 |  |  |  |  | 100 | % |  |  |  | 381,510 |  |  |  |  | 100 | % |  |

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