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v3.3.1.900

Summary of Debt Outstanding (Detail) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2015 | Mar. 31, 2015
Term Loan Facility |  |  |
Debt [Line Items] |  |  |
Term loan agreement | [1] | $ 300,000 | $ 300,000
Revolving Credit Agreement |  |  |
Debt [Line Items] |  |  |
Revolving line of credit | [1],[2] |  | 20,000
September 2013 Senior Unsecured Notes |  |  |
Debt [Line Items] |  |  |
Aggregate debt outstanding |  | $ 500,000 | $ 500,000
Weighted average remaining life in years |  | 7 years 7 months 6 days | 8 years 4 months 24 days
Weighted average coupon rate on notes outstanding |  | 4.86% | 4.86%
Fair value of debt outstanding (Level 2) |  | $ 425,950 | $ 516,879
August 2011 Senior Unsecured Notes |  |  |
Debt [Line Items] |  |  |
Aggregate debt outstanding |  | $ 165,000 | $ 165,000
Weighted average remaining life in years |  | 4 years 9 months 18 days | 5 years 7 months 6 days
Weighted average coupon rate on notes outstanding |  | 4.42% | 4.42%
Fair value of debt outstanding (Level 2) |  | $ 147,081 | $ 167,910
September 2010 Senior Unsecured Notes |  |  |
Debt [Line Items] |  |  |
Aggregate debt outstanding | [3] | $ 382,500 | $ 425,000
Weighted average remaining life in years | [3] | 4 years 3 months 18 days | 4 years 7 months 6 days
Weighted average coupon rate on notes outstanding | [3] | 4.35% | 4.25%
Fair value of debt outstanding (Level 2) | [3] | $ 344,634 | $ 431,296
July 2003 Senior Unsecured Notes |  |  |
Debt [Line Items] |  |  |
Aggregate debt outstanding | [4] |  | $ 35,000
Weighted average remaining life in years | [4] | 0 years | 3 months 18 days
Weighted average coupon rate on notes outstanding | [4] |  | 4.61%
Fair value of debt outstanding (Level 2) | [4] |  | $ 35,197
May 2015 United States Dollar Denominated Borrowing Agreement |  |  |
Debt [Line Items] |  |  |
Fair value of debt outstanding (Level 2) | [5],[6] | $ 30,047 |
Amount outstanding | [5],[6] | 30,033 |
March 2015 United States Dollar Denominated Borrowing Agreement |  |  |
Debt [Line Items] |  |  |
Fair value of debt outstanding (Level 2) | [6] | 28,265 | 29,501
Amount outstanding | [6] | $ 28,259 | $ 29,488
[1] | Fair values approximate carrying values because the borrowings bear interest at variable rates.
[2] | $600 million and $580 million was available under the revolver at December 31, 2015 and March 31, 2015, respectively.
[3] | Principal repayments of $42.5 million were paid during the quarter ended December 31, 2015.
[4] | Remaining $35 million of borrowings fully paid in July 2015.
[5] | In May 2015, a wholly owned subsidiary of the company entered into a $31.3 million, U.S. dollar denominated, 12 year borrowing agreement which matures in April 2027 and is secured by a guarantee by Tidewater Inc. The loan requires semi-annual principal payments of $1.3 million (plus accrued interest) and bears interest at a fixed rate of 2.92% plus a spread based on Tidewater Inc.’s consolidated funded indebtedness to total capitalization ratio (currently equal to 1.30% for a total rate of 4.22%).
[6] | Notes require semi-annual principal payments.

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- Definition Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 + Details
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