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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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Dec. 31, 2017
Accounting Policies [Abstract] |
Summaries of Net Properties and Equipment | The following are summaries of net properties and equipment:
|  | Successor |  |  | Predecessor |
(In thousands) |  | December 31, 2017 |  |  | March 31, 2017 |
Properties and equipment: |  |  |  |  |  |  |  |
Vessels and related equipment |  | $ | 850,268 |  |  | $ | 3,407,760 |
Other properties and equipment |  |  | 5,710 |  |  |  | 69,670 |
|  |  | 855,978 |  |  |  | 3,477,430 |
Less accumulated depreciation and amortization |  |  | 18,458 |  |  |  | 612,668 |
Net properties and equipment |  | $ | 837,520 |  |  | $ | 2,864,762 |
|  | Successor |  |  | Predecessor |
|  | December 31, 2017 |  |  | March 31, 2017 |
|  | Number Of Vessels (B) |  |  | Carrying Value |  |  | Number Of Vessels (B) |  |  | Carrying Value |
|  |  |  |  | (In thousands) |  |  |  |  |  | (In thousands) |
Owned vessels in active service |  |  | 138 |  |  | $ | 632,978 |  |  |  | 143 |  |  | $ | 1,990,049 |
Stacked vessels |  |  | 89 |  |  |  | 189,710 |  |  |  | 101 |  |  |  | 793,606 |
Marine equipment and other assets under construction |  |  |  |  |  |  | 9,501 |  |  |  |  |  |  |  | 53,611 |
Other property and equipment (A) |  |  |  |  |  |  | 5,331 |  |  |  |  |  |  |  | 27,496 |
Totals |  |  | 227 |  |  | $ | 837,520 |  |  |  | 244 |  |  | $ | 2,864,762 |
(A) | Other property and equipment at March 31, 2017 includes eight remotely operated vehicles, all of which were sold in December 2017.
(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 payable:
|  | Successor |  |  | Predecessor |
(In thousands) |  | December 31, 2017 |  |  | March 31, 2017 |
Accrued property and liability losses |  | $ | 5,056 |  |  |  | 13,792 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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