SEGMENT AND GEOGRAPHIC DISTRIBUTION OF OPERATIONS (Tables)

3 Months Ended

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	%