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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
9 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

Selected financial information for interim periods, is as follows:

 

     Successor      Predecessor  

(In thousands except per share data)

   Quarter
Ended
December 31,
2017
    Period from
August 1, 2017
through
September 30,
2017
     Period from
July 1, 2017
through
July 31, 2017
    Quarter
Ended
June 30,
2017
 

Nine Month Transition Period Ended December 31, 2017

           

Revenues

   $ 104,453       74,300        36,263       115,106  

Operating income (loss) (B)

     (18,091     (5,782      (38,674     (205,374

Net loss attributable to Tidewater Inc.

     (23,573     (15,693      (1,122,475     (524,434

Basic loss per share attributable to Tidewater Inc.

   $ (1.02     (.81      (23.82     (11.13

Diluted loss per share attributable to Tidewater Inc.

   $ (1.02     (.81      (23.82     (11.13

 

     Predecessor  

(In thousands except per share data)

   Quarter
Ended
June 30,
2016
    Quarter
Ended
September 30,
2016
     Quarter
Ended
December 31,
2016
    Quarter
Ended
March 31,
2017
 

Year Ended March 31, 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

 

(A)

Included in revenues for the quarter ended March 31, 2017 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, are as follows:

 

     Successor      Predecessor  

(In thousands)

   Quarter
Ended
December 31,
2017
     Period from
August 1, 2017
through
September 30,
2017
     Period from
July 1, 2017
through
July 31,
2017
     Quarter
Ended
June 30,
2017
 

Nine Month Transition Period Ended December 31, 2017:

             

Asset impairments

   $ 16,777        —          21,325        163,423  

 

     Predecessor  

(In thousands except per share data)

   Quarter
Ended
June 30,
2016
     Quarter
Ended
September 30,
2016
     Quarter
Ended
December 31,
2016
     Quarter
Ended
March 31,
2017
 

Year Ended March 31, 2017

           

Asset impairments

   $ 36,886        129,562        253,422        64,857