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QUARTERLY FINANCIAL DATA | 12 Months Ended
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Mar. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY FINANCIAL DATA |
(18) | QUARTERLY FINANCIAL DATA (UNAUDITED)
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 The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: 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 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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