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QUARTERLY FINANCIAL DATA (Tables) | 12 Months Ended
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Mar. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | 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 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 304,774 |  |  |  | 271,923 |  |  |  | 218,191 |  |  |  | 184,174 |
Operating income (loss) (A) |  |  | 14,089 |  |  |  | (17,644 | ) |  |  | (9,400 | ) |  |  | (56,569 | )
Net loss attributable to Tidewater Inc. |  |  | (15,052 | ) |  |  | (43,835 | ) |  |  | (19,509 | ) |  |  | (81,787 | )
Basic loss per share attributable to Tidewater Inc. |  | $ | (.32 | ) |  |  | (.93 | ) |  |  | (.42 | ) |  |  | (1.74 | )
Diluted loss per share attributable to Tidewater Inc. |  | $ | (.32 | ) |  |  | (.93 | ) |  |  | (.42 | ) |  |  | (1.74 | )
Fiscal 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 385,677 |  |  |  | 397,524 |  |  |  | 387,554 |  |  |  | 324,762 |
Operating income (loss) (A) |  |  | 66,004 |  |  |  | 84,723 |  |  |  | (213,580 | ) |  |  | 25,672 |
Net earnings (loss) attributable to Tidewater Inc. |  |  | 43,673 |  |  |  | 60,907 |  |  |  | (160,694 | ) |  |  | (9,076 | )
Basic earnings (loss) per share attributable to Tidewater Inc. |  | $ | .88 |  |  |  | 1.23 |  |  |  | (3.31 | ) |  |  | (.19 | )
Diluted earnings (loss) per share attributable to Tidewater Inc. |  | $ | .88 |  |  |  | 1.22 |  |  |  | (3.31 | ) |  |  | (.19 | )
(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 2016 and 2015 and gain on asset dispositions, net, by quarter for fiscal 2016 and 2015, are as follows:
(In thousands) |  | First |  |  | Second |  |  | Third |  |  | Fourth |
Fiscal 2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill impairment |  | $ | — |  |  |  | — |  |  |  |  |  |  |  |  |
Gain on asset dispositions, net |  | $ | 7,351 |  |  |  | 6,111 |  |  |  | 5,883 |  |  |  | 6,692 |
Fiscal 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill impairment |  | $ | — |  |  |  | — |  |  |  | (283,699 | ) |  |  | — |
Gain on asset dispositions, net |  | $ | 3,893 |  |  |  | 4,500 |  |  |  | 4,699 |  |  |  | 10,704 |

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 + Details
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