OTHER CURRENT ASSETS, OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES AND DEFERRED CREDITS

3 Months Ended

Jun. 30, 2016

Other Current Assets Other Assets Accrued Expenses Other Current Liabilities And Other Non Current Liabilities And Deferred Credits [Abstract]

OTHER CURRENT ASSETS, OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES AND DEFERRED CREDITS

(10)	OTHER CURRENT ASSETS, OTHER ASSETS, ACCRUED EXPENSES, OTHER CURRENT LIABILITIES AND OTHER LIABILITIES AND DEFERRED CREDITS

A summary of other current assets at June 30, 2016 and March 31, 2016 is as follows:

	June 30,		March 31,
(In thousands)	2016		2016
Deposits on vessel construction options (A)	$	16,044		30,285
Deposits - general		8,770		8,076
Prepaid expenses		11,890		6,394
	$	36,704		44,755

(A)

Refer to Note (8) for additional discussion regarding the vessels under construction with option agreements.

A summary of other assets at June 30, 2016 and March 31, 2016 is as follows:

	June 30,		March 31,
(In thousands)	2016		2016
Recoverable insurance losses	$	11,188		9,412
Deferred income tax assets		40,178		33,505
Savings plans and supplemental plan		14,194		14,472
Other		18,719		14,297
	$	84,279		71,686

A summary of accrued expenses at June 30, 2016 and March 31, 2016 is as follows:

	June 30,		March 31,
(In thousands)	2016		2016
Payroll and related payables	$	13,068		12,864
Commissions payable (B)		6,840		7,193
Accrued vessel expenses		41,939		45,838
Accrued interest expense		4,907		15,120
Other accrued expenses		5,213		10,596
	$	71,967		91,611

(B)

Excludes $51.8 million and $31.6 million of commissions due to Sonatide at June 30, 2016 and March 31, 2016, respectively. These amounts are included in amounts due to affiliate.

A summary of other current liabilities at June 30, 2016 and March 31, 2016 is as follows:

	June 30,		March 31,
(In thousands)	2016		2016
Taxes payable	$	38,767		45,854
Deferred gain on vessel sales - current		23,798		23,798
Other		1,403		5,173
	$	63,968		74,825

A summary of other liabilities and deferred credits at June 30, 2016 and March 31, 2016 is as follows:

	June 30,		March 31,
(In thousands)	2016		2016
Postretirement benefits liability	$	3,347		4,755
Pension liabilities		41,714		41,690
Deferred gain on vessel sales		106,772		112,721
Other		22,279		22,380
	$	174,112		181,546