QUARTERLY FINANCIAL DATA (Tables)

12 Months Ended

Mar. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

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 2017
Revenues (A)	$	167,925			143,722			129,215			160,749
Operating income (loss) (B)		(66,135	)		(155,344	)		(287,034	)		(69,340	)
Net loss attributable to Tidewater Inc.		(89,097	)		(178,490	)		(297,676	)		(94,855	)
Basic loss per share attributable to Tidewater Inc.	$	(1.89	)		(3.79	)		(6.32	)		(2.01	)
Diluted loss per share attributable to Tidewater Inc.	$	(1.89	)		(3.79	)		(6.32	)		(2.01	)
Fiscal 2016
Revenues	$	304,774			271,923			218,191			184,174
Operating income (loss) (B)		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	)

(A)

Included in revenues for the fourth quarter is $39.1 million of revenue related to early cancellation of a long-term vessel charter contract.

(B)

Operating income consists of revenues less operating costs and expenses, depreciation, vessel operating leases, goodwill impairment, restructuring charges, asset impairments, general and administrative expenses and gain on asset dispositions, net, of the company’s operations. Asset impairments, net, by quarter for fiscal 2017 and 2016, are as follows:

(In thousands)	First		Second		Third		Fourth
Fiscal 2017:
Asset impairment	$	36,886		129,562		253,422		64,857
Fiscal 2016:
Asset impairment	$	14,958		31,672		15,141		55,540