NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Mar. 31, 2017

Summaries of Net Properties and Equipment

The following are summaries of net properties and equipment at March 31:


(In thousands)			2017				2016
Properties and equipment:
Vessels and related equipment			$	3,407,760			$	4,666,749
Other properties and equipment				69,670				92,065
				3,477,430				4,758,814
Less accumulated depreciation and amortization				612,668				1,207,523
Net properties and equipment			$	2,864,762			$	3,551,291

	2017				2016
	Number Of Vessels		Carrying Value		Number Of Vessels		Carrying Value
			(In thousands)				(In thousands)
Owned vessels in active service		143	$	1,990,049		180	$	2,510,418
Stacked vessels		101		793,606		73		794,126
Marine equipment and other assets under construction				53,611				185,380
Other property and equipment (A)				27,496				61,367
Totals		244	$	2,864,762		253	$	3,551,291

(A)

Other property and equipment includes eight remotely operated vehicles.

(B)

Vessel count excludes vessels operated under sale leaseback agreements.

Current and Long-Term Liabilities Related to Accrued Property and Liability Losses

The following table discloses the total amount of current and long-term liabilities related to accrued property and liability losses not subject to reinsurance recoverability, but considered currently payable as of March 31:

(In thousands)		2017				2016
Accrued property and liability losses		$	13,792				12,799