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GOODWILL | 9 Months Ended
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Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract] |
GOODWILL |
(12) | GOODWILL
The company historically performed its annual goodwill impairment test at the reporting unit level using carrying amounts as of December 31 or more frequently if events and circumstances indicated that goodwill might be impaired. During the quarter ended December, 31, 2014 the company performed its annual goodwill impairment assessment and determined that the rapid and significant decline in crude oil and natural gas prices (which occurred and accelerated throughout the latter part of the company’s third quarter of fiscal 2015), and the expected short to intermediate term effect that the downturn might have on levels of exploration and production activity would likely have a negative effect on average day rates and utilization levels of the company’s vessels. Expected future cash flow analyses using the projected average day rates and utilization levels in this new commodity pricing environment were included in the company’s valuation models and indicated that the fair values of the Americas and Sub-Saharan Africa/Europe reporting units were less than their respective carrying values. A goodwill impairment charge of $283.7 million, to write-off the company’s remaining goodwill, was recorded during the quarter ended December 31, 2014. Goodwill by reportable segment at December 31, 2015 and 2014 is as follows:
|  | March 31, |  |  |  |  |  |  |  |  |  |  | December 31, |
(In thousands) |  | 2015 |  |  | Goodwill acquired |  |  | Impairments |  |  | 2015 |
Americas |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
Sub-Saharan Africa/Europe |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total carrying amount (A) |  | $ | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | March 31, |  |  |  |  |  |  |  |  |  |  | December 31, |
(In thousands) |  | 2014 |  |  | Goodwill acquired |  |  | Impairments |  |  | 2014 |
Americas |  | $ | 114,237 |  |  |  | — |  |  |  | 114,237 |  |  |  | — |
Sub-Saharan Africa/Europe |  |  | 169,462 |  |  |  | — |  |  |  | 169,462 |  |  |  | — |
Total carrying amount (B) |  | $ | 283,699 |  |  |  | — |  |  |  | 283,699 |  |  |  | — |
(A) | The total carrying amount of goodwill at March 31, 2015 and December 31, 2015 is net of accumulated impairment charges of $370.9 million.
(B) | The total carrying amount of goodwill at March 31, 2014 is net of accumulated impairment charges $30.9 million and $56.3 million related to the Middle East/North Africa and Asia/Pacific segments, respectively.

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