XML 58 R44.htm IDEA: XBRL DOCUMENT
v3.4.0.3

SEGMENT INFORMATION, GEOGRAPHICAL DATA AND MAJOR CUSTOMERS (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2016
Segment Reporting [Abstract] |
Segment Information, Geographical Data and Major Customers | The following table provides a comparison of revenues, vessel operating profit, depreciation and amortization, and additions to properties and equipment for the years ended March 31. Vessel revenues and operating costs relate to vessels owned and operated by the company while other operating revenues relate to the activities of the company’s shipyards, brokered vessels and other miscellaneous marine-related businesses.
(In thousands) |  | 2016 |  |  | 2015 |  |  | 2014 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Vessel revenues: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 342,995 |  |  |  | 505,699 |  |  |  | 410,731 |
Asia/Pacific |  |  | 89,045 |  |  |  | 150,820 |  |  |  | 154,618 |
Middle East/North Africa |  |  | 168,471 |  |  |  | 205,787 |  |  |  | 186,524 |
Sub-Saharan Africa/Europe |  |  | 354,889 |  |  |  | 606,052 |  |  |  | 666,588 |
|  |  | 955,400 |  |  |  | 1,468,358 |  |  |  | 1,418,461 |
Other operating revenues |  |  | 23,662 |  |  |  | 27,159 |  |  |  | 16,642 |
|  | $ | 979,062 |  |  |  | 1,495,517 |  |  |  | 1,435,103 |
Vessel operating profit/(loss): |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 52,966 |  |  |  | 122,988 |  |  |  | 90,936 |
Asia/Pacific |  |  | (1,687 | ) |  |  | 11,541 |  |  |  | 29,044 |
Middle East/North Africa |  |  | 27,349 |  |  |  | 37,258 |  |  |  | 42,736 |
Sub-Saharan Africa/Europe |  |  | (4,490 | ) |  |  | 122,169 |  |  |  | 136,092 |
|  |  | 74,138 |  |  |  | 293,956 |  |  |  | 298,808 |
Other operating loss |  |  | (4,564 | ) |  |  | (8,022 | ) |  |  | (1,930 | )
|  |  | 69,574 |  |  |  | 285,934 |  |  |  | 296,878 |
Corporate general and administrative expenses (A) |  |  | (34,078 | ) |  |  | (40,621 | ) |  |  | (47,703 | )
Corporate depreciation |  |  | (6,160 | ) |  |  | (4,014 | ) |  |  | (3,073 | )
Corporate expenses |  |  | (40,238 | ) |  |  | (44,635 | ) |  |  | (50,776 | )
Gain on asset dispositions, net |  |  | 26,037 |  |  |  | 23,796 |  |  |  | 21,063 |
Asset impairment |  |  | (117,311 | ) |  |  | (14,525 | ) |  |  | (9,341 | )
Goodwill impairment |  |  | — |  |  |  | (283,699 | ) |  |  | (56,283 | )
Restructuring charge |  |  | (7,586 | ) |  |  | (4,052 | ) |  |  | — |
Operating income / (loss) |  |  | (69,524 | ) |  |  | (37,181 | ) |  |  | 201,541 |
Foreign exchange gain / (loss) |  |  | (5,403 | ) |  |  | 8,678 |  |  |  | 1,541 |
Equity in net earnings / (losses) of unconsolidated companies |  |  | (13,581 | ) |  |  | 10,179 |  |  |  | 15,801 |
Interest income and other, net |  |  | 2,703 |  |  |  | 1,927 |  |  |  | 2,123 |
Loss on early extinguishment of debt |  |  | — |  |  |  | — |  |  |  | (4,144 | )
Interest and other debt costs |  |  | (53,752 | ) |  |  | (50,029 | ) |  |  | (43,814 | )
Earnings / (loss) before income taxes |  | $ | (139,557 | ) |  |  | (66,426 | ) |  |  | 173,048 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 48,474 |  |  |  | 47,682 |  |  |  | 43,298 |
Asia/Pacific |  |  | 22,386 |  |  |  | 18,383 |  |  |  | 17,174 |
Middle East/North Africa |  |  | 28,150 |  |  |  | 27,538 |  |  |  | 24,441 |
Sub-Saharan Africa/Europe |  |  | 71,418 |  |  |  | 73,614 |  |  |  | 79,199 |
|  |  | 170,428 |  |  |  | 167,217 |  |  |  | 164,112 |
Other |  |  | 5,721 |  |  |  | 3,973 |  |  |  | 295 |
Corporate |  |  | 6,160 |  |  |  | 4,014 |  |  |  | 3,073 |
|  | $ | 182,309 |  |  |  | 175,204 |  |  |  | 167,480 |
Additions to properties and equipment: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 51,303 |  |  |  | 94,137 |  |  |  | 99,798 |
Asia/Pacific |  |  | 1,917 |  |  |  | 91,497 |  |  |  | 2,586 |
Middle East/North Africa |  |  | 1,732 |  |  |  | 1,842 |  |  |  | 8,042 |
Sub-Saharan Africa/Europe (B) |  |  | 1,861 |  |  |  | 36,105 |  |  |  | 488,984 |
|  |  | 56,813 |  |  |  | 223,581 |  |  |  | 599,410 |
Other |  |  | 10 |  |  |  | 18,571 |  |  |  | 31,841 |
Corporate (C) |  |  | 137,662 |  |  |  | 124,411 |  |  |  | 175,233 |
|  | $ | 194,485 |  |  |  | 366,563 |  |  |  | 806,484 |
Total assets (D): |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 1,101,699 |  |  |  | 1,016,133 |  |  |  | 1,017,736 |
Asia/Pacific |  |  | 514,948 |  |  |  | 506,265 |  |  |  | 421,379 |
Middle East/North Africa |  |  | 582,281 |  |  |  | 666,983 |  |  |  | 613,303 |
Sub-Saharan Africa/Europe |  |  | 1,822,682 |  |  |  | 2,064,010 |  |  |  | 2,383,507 |
|  |  | 4,021,610 |  |  |  | 4,253,391 |  |  |  | 4,435,925 |
Other |  |  | 42,191 |  |  |  | 49,554 |  |  |  | 31,545 |
|  |  | 4,063,801 |  |  |  | 4,302,945 |  |  |  | 4,467,470 |
Investments in and advances to unconsolidated companies |  |  | 37,502 |  |  |  | 65,844 |  |  |  | 63,928 |
|  |  | 4,101,303 |  |  |  | 4,368,789 |  |  |  | 4,531,398 |
Corporate (E) |  |  | 889,244 |  |  |  | 387,373 |  |  |  | 354,431 |
|  | $ | 4,990,547 |  |  |  | 4,756,162 |  |  |  | 4,885,829 |
(A) | Included in Corporate general and administrative expenses for the year ended March 31, 2014 are transaction costs of $3.7 million related to the acquisition of Troms Offshore.
(B) | Included in Sub-Saharan Africa/Europe for the year ended March 31, 2014 is $245.6 million related to vessels acquired through the acquisition of Troms Offshore.
(C) | 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.
(D) | Marine support services are conducted worldwide with assets that are highly mobile. Revenues are principally derived from offshore service vessels, which regularly and routinely move from one operating area to another, often to and from offshore operating areas in different continents. Because of this asset mobility, revenues and long-lived assets attributable to the company’s international marine operations in any one country are not material.
(E) | Included in Corporate are vessels currently under construction which have not yet been assigned to a non-corporate reporting segment. The vessel construction costs will be reported in Corporate until the earlier of the vessels being assigned to a non-corporate reporting segment or the vessels’ delivery. At March 31, 2016, 2015 and 2014, $136.8 million, $235.2 million and $228.9 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 years ended March 31,:
Revenue by vessel class: (In thousands): |  | 2016 |  |  | % of Vessel Revenue |  |  | 2015 |  |  | % of Vessel Revenue |  |  | 2014 |  |  | % of Vessel Revenue |
Americas fleet: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deepwater |  | $ | 235,522 |  |  |  | 25 | % |  |  | 353,232 |  |  |  | 24 | % |  |  | 263,750 |  |  |  | 18 | %
Towing-supply |  |  | 92,768 |  |  |  | 9 | % |  |  | 125,029 |  |  |  | 9 | % |  |  | 115,055 |  |  |  | 8 | %
Other |  |  | 14,705 |  |  |  | 2 | % |  |  | 27,438 |  |  |  | 2 | % |  |  | 31,926 |  |  |  | 3 | %
Total |  | $ | 342,995 |  |  |  | 36 | % |  |  | 505,699 |  |  |  | 35 | % |  |  | 410,731 |  |  |  | 29 | %
Asia/Pacific fleet: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deepwater |  | $ | 60,853 |  |  |  | 6 | % |  |  | 94,538 |  |  |  | 6 | % |  |  | 88,191 |  |  |  | 6 | %
Towing-supply |  |  | 28,192 |  |  |  | 3 | % |  |  | 53,281 |  |  |  | 4 | % |  |  | 62,630 |  |  |  | 5 | %
Other |  |  | — |  |  |  | — |  |  |  | 3,001 |  |  |  | <1 | % |  |  | 3,797 |  |  |  | <1 | %
Total |  | $ | 89,045 |  |  |  | 9 | % |  |  | 150,820 |  |  |  | 10 | % |  |  | 154,618 |  |  |  | 11 | %
Middle East/North Africa fleet: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deepwater |  | $ | 74,563 |  |  |  | 8 | % |  |  | 85,279 |  |  |  | 6 | % |  |  | 66,503 |  |  |  | 5 | %
Towing-supply |  |  | 91,174 |  |  |  | 10 | % |  |  | 117,232 |  |  |  | 8 | % |  |  | 116,720 |  |  |  | 8 | %
Other |  |  | 2,734 |  |  |  | <1 | % |  |  | 3,276 |  |  |  | <1 | % |  |  | 3,301 |  |  |  | <1 | %
Total |  | $ | 168,471 |  |  |  | 18 | % |  |  | 205,787 |  |  |  | 14 | % |  |  | 186,524 |  |  |  | 13 | %
Sub-Saharan Africa/Europe fleet: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deepwater |  | $ | 154,620 |  |  |  | 16 | % |  |  | 326,315 |  |  |  | 22 | % |  |  | 364,722 |  |  |  | 26 | %
Towing-supply |  |  | 150,404 |  |  |  | 16 | % |  |  | 208,324 |  |  |  | 14 | % |  |  | 231,224 |  |  |  | 16 | %
Other |  |  | 49,865 |  |  |  | 5 | % |  |  | 71,413 |  |  |  | 5 | % |  |  | 70,642 |  |  |  | 5 | %
Total |  | $ | 354,889 |  |  |  | 37 | % |  |  | 606,052 |  |  |  | 41 | % |  |  | 666,588 |  |  |  | 47 | %
Worldwide fleet: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deepwater |  | $ | 525,558 |  |  |  | 55 | % |  |  | 859,364 |  |  |  | 58 | % |  |  | 783,166 |  |  |  | 55 | %
Towing-supply |  |  | 362,538 |  |  |  | 38 | % |  |  | 503,866 |  |  |  | 35 | % |  |  | 525,629 |  |  |  | 37 | %
Other |  |  | 67,304 |  |  |  | 7 | % |  |  | 105,128 |  |  |  | 7 | % |  |  | 109,666 |  |  |  | 8 | %
Total |  | $ | 955,400 |  |  |  | 100 | % |  |  | 1,468,358 |  |  |  | 100 | % |  |  | 1,418,461 |  |  |  | 100 | %
Entity Wide Major Customer Amount | The following table discloses our customers that accounted for 10% or more of total revenues during the years ended March 31:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Chevron Corporation |  |  | 14.6 | % |  |  | 12.7 | % |  |  | 18.1 | %
Petroleo Brasileiro SA |  |  | 11.0 | % |  |  | 11.8 | % |  |  | 8.6 | %
BP plc |  |  | 7.1 | % |  |  | 10.1 | % |  |  | 8.9 | %

X
- Definition Entity Wide Major Customer Amount [Table Text Block] + References No definition available. + Details
Name: | tdw_EntityWideMajorCustomerAmountTableTextBlock
Namespace Prefix: | tdw_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of segment reporting information, revenue by vessel class [Table Text Block] + References No definition available. + Details
Name: | tdw_ScheduleOfSegmentReportingInformationRevenueByVesselClassTableTextBlock
Namespace Prefix: | tdw_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration