(17)	SEGMENT INFORMATION, GEOGRAPHICAL DATA AND MAJOR CUSTOMERS

The company follows the disclosure requirements of ASC 280, Segment Reporting. Operating business segments are defined as a component of an enterprise for which separate financial information is available and is evaluated by the chief operating decision maker in deciding how to allocate resources and in assessing performance.

The company previously managed and measured business performance in four distinct operating segments: Americas, Asia/Pacific, Middle East and Africa/Europe. In conjunction with the company’s emergence from bankruptcy on July 31, 2017 the company combined operations in its legacy Middle East and Asia/Pacific segments into a single Middle East/Asia Pacific segment. The company’s Americas and Africa/Europe segments were not affected by this change. This new segment alignment is consistent with how the company’s chief operating decision maker reviews operating results for the purposes of allocating resources and assessing performance. The Predecessor period from April 1, 2017 through July 31, 2017, and the year ended March 31, 2017 have been recast to conform to the new segment alignment.

The following table provides a comparison of revenues, vessel operating profit, depreciation and amortization, and additions to properties and equipment. Vessel revenues and operating costs relate to vessels owned and operated by the company while other operating revenues relate to the activities of the company’s shipyards, brokered vessels and other miscellaneous marine-related businesses.

	Successor			Predecessor
	Period from			Period from
	August 1, 2017			April 1, 2017
	through			through			Year Ended
(In thousands)	December 31, 2017			July 31, 2017			March 31, 2017
Revenues:
Vessel revenues:
Americas	$	45,784			40,848			239,843
Middle East/Asia Pacific		39,845			36,313			114,618
Africa/Europe		86,255			69,436			229,355
		171,884			146,597			583,816
Other operating revenues		6,869			4,772			17,795
	$	178,753			151,369			601,611
Vessel operating profit (loss):
Americas	$	(1,599	)		(22,549	)		18,873
Middle East/Asia Pacific		451			(1,434	)		(25,310	)
Africa/Europe		811			(21,508	)		(51,395	)
		(337	)		(45,491	)		(57,832	)
Other operating profit (loss)		1,614			876			(1,548	)
		1,277			(44,615	)		(59,380	)

Corporate general and administrative expenses (A)		(14,823	)		(17,542	)		(55,389	)
Corporate depreciation		(166	)		(704	)		(2,456	)
Corporate expenses		(14,989	)		(18,246	)		(57,845	)

Gain on asset dispositions, net		6,616			3,561			24,099
Asset impairments		(16,777	)		(184,748	)		(484,727	)
Operating loss		(23,873	)		(244,048	)		(577,853	)
Foreign exchange loss		(407	)		(3,181	)		(1,638	)
Equity in net earnings of unconsolidated companies		2,130			4,786			5,710
Interest income and other, net		2,771			2,384			5,193
Reorganization items		(4,299	)		(1,396,905	)		—
Interest and other debt costs		(13,009	)		(11,179	)		(75,026	)
Loss before income taxes	$	(36,687	)		(1,648,143	)		(643,614	)
Depreciation and amortization:
Americas	$	5,767			13,945			48,814
Middle East/Asia Pacific		4,716			9,967			40,849
Africa/Europe		8,861			21,692			70,742
		19,344			45,604			160,405
Other		827			1,139			4,430
Corporate		166			704			2,456
	$	20,337			47,447			167,291
Additions to properties and equipment:
Americas	$	144			27			93
Middle East/Asia Pacific		2,596			1,042			1,612
Africa/Europe		195			375			743
		2,935			1,444			2,448
Corporate		6,899			821			28,099
	$	9,834			2,265			30,547
Total assets (B):
Americas	$	164,958			714,891			779,778
Middle East/Asia Pacific		48,268			424,896			583,385
Africa/Europe		1,035,456			1,875,371			1,897,355
		1,248,682			3,015,158			3,260,518
Other		2,443			20,392			21,580
		1,251,125			3,035,550			3,282,098
Investments in and advances to unconsolidated companies		29,216			49,367			45,115
		1,280,341			3,084,917			3,327,213
Corporate (C)		465,839			799,752			863,486
	$	1,746,180			3,884,669			4,190,699

(A)

Restructuring-related professional services costs for the five month period from August 1, 2017 through December 31, 2017 are included in reorganization items. Included in corporate general and administrative expenses for the period four month period April 1, 2017 through July 31, 2017 (Predecessor) and year ended March 31, 2017 (Predecessor) were $6.7 million and $29 million of restructuring-related professional service costs, respectively.

(B)

Marine support services are conducted worldwide with assets that are highly mobile. Revenues are principally derived from offshore service vessels, which regularly and routinely move from one operating area to another, often to and from offshore operating areas in different continents. Because of this asset mobility, revenues and long-lived assets attributable to the company’s international marine operations in any one country are not material.

(C)

Included in Corporate are vessels currently under construction which had not yet been assigned to a non-corporate reporting segment. The vessel construction costs will be reported in Corporate until the earlier of the vessels being assigned to a non-corporate reporting segment or the vessels’ delivery. At December 31, 2017 (Successor), July 31, 2017 (Predecessor) and March 31, 2017 (Predecessor), was $9.3 million, $47.5 million and $52.4 million, respectively, of vessel construction costs were included in Corporate.

The following table discloses the amount of revenue by segment, and in total for the worldwide fleet, along with the respective percentage of total vessel revenue:

	Successor					Predecessor
	Period from					Period from
	August 1, 2017					April 1, 2017
	through					through					Year Ended
	December 31, 2017					July 31, 2017					March 31, 2017
Revenue by vessel class: (In thousands):			% of Vessel Revenue					% of Vessel Revenue					% of Vessel Revenue
Americas fleet:
Deepwater	$	26,860		16	%		21,617		15	%		171,334		29	%
Towing-supply		13,835		8	%		15,021		10	%		56,561		10	%
Other		5,089		3	%		4,210		3	%		11,948		2	%
Total	$	45,784		27	%		40,848		28	%		239,843		41	%
Middle East/Asia Pacific fleet:
Deepwater	$	14,792		9	%		13,368		9	%		35,526		6	%
Towing-supply		25,053		14	%		22,945		16	%		79,092		13	%
Other		—		—			—		—			—		—
Total	$	39,845		23	%		36,313		25	%		114,618		19	%
Africa/Europe fleet:
Deepwater	$	42,335		24	%		29,746		20	%		102,374		18	%
Towing-supply		35,497		21	%		35,143		24	%		102,732		18	%
Other		8,423		5	%		4,547		3	%		24,249		4	%
Total	$	86,255		50	%		69,436		47	%		229,355		40	%
Worldwide fleet:
Deepwater	$	83,987		49	%		64,731		44	%		309,234		53	%
Towing-supply		74,385		43	%		73,109		50	%		238,385		41	%
Other		13,512		8	%		8,757		6	%		36,197		6	%
Total	$	171,884		100	%		146,597		100	%		583,816		100	%

The following table discloses our customers that accounted for 10% or more of total revenues:

	Successor			Predecessor
	Period from			Period from
	August 1, 2017			April 1, 2017
	through			through			Year Ended
	December 31, 2017			July 31, 2017			March 31, 2017
Chevron Corporation		17.4	%		17.5	%		16.3	%
Freeport McMoRan (A)		—			—			11.3	%
Saudi Aramco		10.1	%		11.7	%		10.0	%

(A)

A significant portion of this customer’s year ended March 31, 2017 revenue was the result of the early termination of a long-term vessel charter contract.