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COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Dec. 31, 2016

Commitments And Contingencies Disclosure [Abstract]

Schedule of Vessel Commitments to Acquire and Construct New Vessels and ROVs, by Vessel Type

The table below summarizes the company’s various vessel commitments to acquire and construct new vessels, by vessel type, as of December 31, 2016:

		Number								Invested				Remaining
		of				Total				Through				Balance
(In thousands, except vessel count)		Vessels				Cost				12/31/16				12/31/16
Vessels under construction (A):
Deepwater PSVs			3			$	164,279				117,624				46,655
Total vessel commitments			3			$	164,279				117,624				46,655

(A)   The two remaining option vessels and a fast supply boat are not included in the table above.

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- Definition

Tabular disclosure of arrangements in which the entity has agreed to acquire or construct assets. May include identification of assets to be acquired or constructed, pricing, effects on pricing, cancellation rights, and termination provisions.

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