2013 Q1 Form 10-K Financial Statement

#000119312514208163 Filed on May 21, 2014

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q4 2012 Q3
Revenue $328.3M $309.5M $311.9M
YoY Change 13.45% 13.73% 24.32%
Cost Of Revenue $184.6M $181.1M $178.6M
YoY Change 8.21% 14.77% 9.37%
Gross Profit $143.7M $128.4M $133.3M
YoY Change 20.96% 12.34% 52.17%
Gross Profit Margin 43.77% 41.49% 42.74%
Selling, General & Admin $50.70M $50.30M $41.90M
YoY Change 24.26% 24.5% 10.85%
% of Gross Profit 35.28% 39.17% 31.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.30M $37.20M $36.00M
YoY Change 7.58% 5.68% 6.19%
% of Gross Profit 26.65% 28.97% 27.01%
Operating Expenses $89.00M $87.50M $77.90M
YoY Change 16.49% 15.74% 8.8%
Operating Profit $58.57M $40.97M $57.20M
YoY Change 26.28% -0.53% -1143.55%
Interest Expense $900.0K $7.183M $7.148M
YoY Change -1000.0% 19.18% 49.98%
% of Operating Profit 1.54% 17.53% 12.5%
Other Income/Expense, Net -$3.556M -$2.134M
YoY Change -9.65% -291.39%
Pretax Income $59.50M $37.40M $55.10M
YoY Change 28.51% 0.27% -1352.27%
Income Tax $12.90M $7.471M $13.71M
% Of Pretax Income 21.68% 19.98% 24.88%
Net Earnings $46.59M $29.95M $41.36M
YoY Change 38.49% -12.15% -948.15%
Net Earnings / Revenue 14.19% 9.68% 13.26%
Basic Earnings Per Share $0.95 $0.61 $0.84
Diluted Earnings Per Share $0.95 $0.61 $0.83
COMMON SHARES
Basic Shares Outstanding 49.40M shares 49.16M shares 49.39M shares
Diluted Shares Outstanding 49.38M shares 49.63M shares

Balance Sheet

Concept 2013 Q1 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.60M $54.20M $136.7M
YoY Change -87.34% -71.22% -54.77%
Cash & Equivalents $40.57M $54.19M $136.7M
Short-Term Investments
Other Short-Term Assets $11.74M $12.56M $15.64M
YoY Change 16.51% 19.59% 4.95%
Inventory $62.30M $61.30M $56.10M
Prepaid Expenses
Receivables $274.5M $362.0M $333.3M
Other Receivables $118.9M $0.00 $0.00
Total Short-Term Assets $508.1M $490.0M $541.8M
YoY Change -26.8% -8.99% -17.66%
LONG-TERM ASSETS
Property, Plant & Equipment $3.190B $3.099B $3.012B
YoY Change 9.78% 7.57% 8.0%
Goodwill $297.8M $297.8M $297.8M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $46.05M $55.36M $50.11M
YoY Change -0.07% 27.86% 30.49%
Other Assets $126.3M $113.8M $120.4M
YoY Change 7.15% -3.2% 6.41%
Total Long-Term Assets $3.660B $3.566B $3.480B
YoY Change 8.68% 6.77% 7.48%
TOTAL ASSETS
Total Short-Term Assets $508.1M $490.0M $541.8M
Total Long-Term Assets $3.660B $3.566B $3.480B
Total Assets $4.168B $4.056B $4.022B
YoY Change 2.62% 4.58% 3.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.37M $81.98M $89.56M
YoY Change -19.89% 61.7% 61.95%
Accrued Expenses $127.0M $147.5M $144.4M
YoY Change -5.88% 10.65% 7.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $266.6M $263.9M $263.4M
YoY Change 11.59% 27.62% 24.32%
LONG-TERM LIABILITIES
Long-Term Debt $1.000B $930.0M $890.0M
YoY Change 5.26% 12.73% 7.88%
Other Long-Term Liabilities $139.1M $120.6M $130.4M
YoY Change 8.18% -8.17% -3.68%
Total Long-Term Liabilities $1.139B $1.051B $1.020B
YoY Change 5.61% 9.86% 6.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $266.6M $263.9M $263.4M
Total Long-Term Liabilities $1.139B $1.051B $1.020B
Total Liabilities $1.406B $1.314B $1.284B
YoY Change 6.7% -4.51% -7.21%
SHAREHOLDERS EQUITY
Retained Earnings $2.454B $2.420B $2.422B
YoY Change 0.66%
Common Stock $124.9M $122.9M $117.6M
YoY Change 15.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.562B $2.526B $2.520B
YoY Change
Total Liabilities & Shareholders Equity $4.168B $4.056B $4.022B
YoY Change 2.62% 4.58% 3.23%

Cashflow Statement

Concept 2013 Q1 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $46.59M $29.95M $41.36M
YoY Change 38.49% -12.15% -948.15%
Depreciation, Depletion And Amortization $38.30M $37.20M $36.00M
YoY Change 7.58% 5.68% 6.19%
Cash From Operating Activities $31.20M $36.40M $77.20M
YoY Change -51.78% -48.37% 27.18%
INVESTING ACTIVITIES
Capital Expenditures -$114.0M -$136.8M -$112.4M
YoY Change 89.68% -3.59% 31.62%
Acquisitions
YoY Change
Other Investing Activities $9.300M $9.200M $3.600M
YoY Change -21.19% 64.29% -79.89%
Cash From Investing Activities -$104.7M -$127.6M -$108.8M
YoY Change 116.77% -6.45% 61.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 59.80M 8.700M -72.30M
YoY Change -48.4% -118.16% -164.27%
NET CHANGE
Cash From Operating Activities 31.20M 36.40M 77.20M
Cash From Investing Activities -104.7M -127.6M -108.8M
Cash From Financing Activities 59.80M 8.700M -72.30M
Net Change In Cash -13.70M -82.50M -103.9M
YoY Change -110.36% -27.5% -198.2%
FREE CASH FLOW
Cash From Operating Activities $31.20M $36.40M $77.20M
Capital Expenditures -$114.0M -$136.8M -$112.4M
Free Cash Flow $145.2M $173.2M $189.6M
YoY Change 16.35% -18.46% 29.77%

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12010000
CY2013 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
12216000
CY2013 us-gaap Interest Costs Incurred
InterestCostsIncurred
40347000
CY2013 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
10602000
CY2013 tdw Foreign Tax Credits Not Previously Recognized
ForeignTaxCreditsNotPreviouslyRecognized
-398000
CY2013 tdw Assets Fair Value Disclosure1
AssetsFairValueDisclosure1
14733000
CY2013 tdw Line Of Credit Facility Term Loan
LineOfCreditFacilityTermLoan
125000000
CY2013 tdw Income Tax Expenses Not Deductible For Tax Purposes
IncomeTaxExpensesNotDeductibleForTaxPurposes
498000
CY2013 tdw Income Loss From Continuing Operations Before Income Taxes
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
195163000
CY2013 tdw Valuation Allowance For Foreign Tax Credit Carryforwards
ValuationAllowanceForForeignTaxCreditCarryforwards
5821000
CY2013 tdw Other Comprehensive Income Amortization Of Loss On Derivative Contract
OtherComprehensiveIncomeAmortizationOfLossOnDerivativeContract
466000
CY2013 tdw Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Unit Or Restricted Stock Award Requisite Service Period Recognition Net Of Forfeitures
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitOrRestrictedStockAwardRequisiteServicePeriodRecognitionNetOfForfeitures
-4404000
CY2013 tdw Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Dividend Equivalents Reinvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDividendEquivalentsReinvestedWeightedAverageGrantDateFairValue
46.73
CY2013 tdw Other Comprehensive Income Supplemental Executive Retirement Plan Minimum Liability Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeSupplementalExecutiveRetirementPlanMinimumLiabilityAdjustmentNetOfTaxPeriodIncreaseDecrease
2427000
CY2013 tdw Unrecognized Tax Benefits Exchange Rate Fluctuation
UnrecognizedTaxBenefitsExchangeRateFluctuation
CY2013 tdw Line Of Credit Facility Revolving Line Of Credit
LineOfCreditFacilityRevolvingLineOfCredit
110000000
CY2013 tdw Corporate Expenses
CorporateExpenses
52095000
CY2013 tdw Payments To Acquire Property Plant And Equipment Including Non Cash Investing Activities
PaymentsToAcquirePropertyPlantAndEquipmentIncludingNonCashInvestingActivities
452582000
CY2013 tdw Total Deferred Income Tax Expense Benefit
TotalDeferredIncomeTaxExpenseBenefit
-11733000
CY2013 tdw Other Comprehensive Income Amortization Of Loss On Derivative Contract Tax
OtherComprehensiveIncomeAmortizationOfLossOnDerivativeContractTax
251000
CY2013 tdw Other Comprehensive Income Supplemental Executive Retirement Plan Minimum Liability Adjustment Tax Period Increase Decrease
OtherComprehensiveIncomeSupplementalExecutiveRetirementPlanMinimumLiabilityAdjustmentTaxPeriodIncreaseDecrease
1306000
CY2013 tdw Other Comprehensive Income Pension Plan Minimum Liability Adjustment Tax Period Increase Decrease
OtherComprehensiveIncomePensionPlanMinimumLiabilityAdjustmentTaxPeriodIncreaseDecrease
-290000
CY2014 dei Trading Symbol
TradingSymbol
TDW
CY2014 dei Entity Registrant Name
EntityRegistrantName
TIDEWATER INC
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0000098222
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.84
CY2014 us-gaap Defined Benefit Plan Significant Concentrations Of Risk
DefinedBenefitPlanSignificantConcentrationsOfRisk
The pension plan and the supplemental plan assets are periodically evaluated for concentration risks. As of March 31, 2014, the company did not have any individual asset investments that comprised 10% or more of each plan's overall assets.
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.82
CY2014 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.00
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49680114 shares
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
104617000
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
287365 shares
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.1895 pure
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
186219 shares
CY2014 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Arial" size="2"><b>Concentrations of Credit Risk</b></font></p> <p style="margin-top:12px;margin-bottom:0px" align="justify"> <font style="font-family:Arial" size="2">The company&#x2019;s financial instruments that are exposed to concentrations of credit risk consist primarily of trade and other receivables from a variety of domestic, international and national energy companies, including reinsurance companies for recoverable insurance losses. The company manages its exposure to risk by performing ongoing credit evaluations of its customers&#x2019; financial condition and generally does not require collateral. The company maintains an allowance for doubtful accounts for potential losses based on expected collectability and does not believe it is generally exposed to concentrations of credit risk that are likely to have a material adverse impact on the company&#x2019;s financial position, results of operations, or cash flows.</font></p> </div>
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
34486 shares
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Arial" size="2"><b>Use of Estimates in Preparation of Financial Statements</b></font></p> <p style="margin-top:12px;margin-bottom:0px" align="justify"> <font style="font-family:Arial" size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The accompanying consolidated financial statements include estimates for allowance for doubtful accounts, useful lives of property and equipment, valuation of goodwill, income tax provisions, impairments, commitments and contingencies and certain accrued liabilities. We evaluate our estimates and assumptions on an ongoing basis based on a combination of historical information and various other assumptions that are considered reasonable under the particular circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. These accounting policies involve judgment and uncertainties to such an extent that there is reasonable likelihood that materially different amounts could have been reported under different conditions or if different assumptions had been used, as such, actual results may differ from these estimates.</font></p> </div>
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
36.86
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
49.47
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49392749 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
26550 shares
CY2014 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 Segment
CY2014 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
3232000
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15801000
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
594695000
CY2014 us-gaap Payments Of Dividends
PaymentsOfDividends
49816000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-44768000
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
59266000
CY2014 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5347000
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
9465000
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
115000
CY2014 us-gaap Sale Leaseback Transaction Current Period Gain Recognized
SaleLeasebackTransactionCurrentPeriodGainRecognized
3700000
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3158000
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
127737000
CY2014 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
15801000
CY2014 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
5987000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
217816000
CY2014 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1103054000
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
299000
CY2014 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
9933000
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4144000
CY2014 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
213000
CY2014 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
310524000
CY2014 us-gaap Interest Paid
InterestPaid
45687000
CY2014 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1418461000
CY2014 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
4000000
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1398000
CY2014 us-gaap Interest Paid Net
InterestPaidNet
34190000
CY2014 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1541000
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2217000
CY2014 us-gaap Revenues
Revenues
1435103000
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7600000
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
4393000
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
145171000
CY2014 us-gaap Gross Profit
GrossProfit
296878000
CY2014 us-gaap Depreciation And Amortization
DepreciationAndAmortization
167480000
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
1109000
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-5715000
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4916000
CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-771000
CY2014 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-429000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
19790000
CY2014 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
49849000
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
201541000
CY2014 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-13485000
CY2014 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
16642000
CY2014 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
11722000
CY2014 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
4145000
CY2014 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
2123000
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-28493000
CY2014 us-gaap Net Income Loss
NetIncomeLoss
140255000
CY2014 us-gaap Defined Benefit Plan Special Termination Benefits
DefinedBenefitPlanSpecialTerminationBenefits
34300000
CY2014 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
179000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
318858000
CY2014 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
4000
CY2014 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
21910000
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-34709000
CY2014 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
42160000
CY2014 us-gaap Costs And Expenses
CostsAndExpenses
1233562000
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1412000
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
187976000
CY2014 us-gaap Deferred Tax Expense From Stock Options Exercised
DeferredTaxExpenseFromStockOptionsExercised
301000
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
19642000
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-403685000
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-602000
CY2014 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
67617000
CY2014 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
2664000
CY2014 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1395000
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
390000
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32793000
CY2014 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
51330000
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
49973000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4059000
CY2014 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
34458000
CY2014 us-gaap Interest Expense
InterestExpense
43814000
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
-1475000
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3000
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
115000
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
60567000
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-34226000
CY2014 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
4551000
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-11842000
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6863000
CY2014 us-gaap Asset Impairment Charges
AssetImpairmentCharges
9341000
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
CY2014 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
1465362000
CY2014 us-gaap Pension Expense
PensionExpense
465000
CY2014 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-34828000
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
299000
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
56283000
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
67502000
CY2014 us-gaap Direct Operating Costs
DirectOperatingCosts
795890000
CY2014 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
68100000
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12000
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-483000
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-18536000
CY2014 us-gaap Sale Leaseback Transaction Rent Expense
SaleLeasebackTransactionRentExpense
21910000
CY2014 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
10373000
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2060000
CY2014 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
222000
CY2014 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
5751000
CY2014 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
15745000
CY2014 us-gaap Sale Leaseback Transaction Gross Proceeds
SaleLeasebackTransactionGrossProceeds
270575000
CY2014 us-gaap Interest Costs Incurred
InterestCostsIncurred
55311000
CY2014 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
11497000
CY2014 tdw Foreign Tax Credits Not Previously Recognized
ForeignTaxCreditsNotPreviouslyRecognized
-483000
CY2014 tdw Defined Benefit Plan Concentration Risk Diversification Equity Limit Single Corporation
DefinedBenefitPlanConcentrationRiskDiversificationEquityLimitSingleCorporation
0.10 pure
CY2014 tdw Remaining Fine Amount
RemainingFineAmount
28000000
CY2014 tdw Remaining Fine Amount
RemainingFineAmount
12400000
CY2014 tdw Assets Fair Value Disclosure1
AssetsFairValueDisclosure1
11149000
CY2014 tdw Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Retirement Distributions Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsRetirementDistributionsWeightedAverageGrantDateFairValue
59.65
CY2014 tdw Defined Benefit Plan Concentration Risk Assets Debt Securities Maximum Single Issuer
DefinedBenefitPlanConcentrationRiskAssetsDebtSecuritiesMaximumSingleIssuer
0.05 pure
CY2014 tdw Line Of Credit Facility Term Loan
LineOfCreditFacilityTermLoan
300000000
CY2014 tdw Income Tax Expenses Not Deductible For Tax Purposes
IncomeTaxExpensesNotDeductibleForTaxPurposes
3661000
CY2014 tdw Income Loss From Continuing Operations Before Income Taxes
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
173048000
CY2014 tdw Inspection Interval
InspectionInterval
The majority of the company's vessels require certification inspections twice in every five year period.
CY2014 tdw Valuation Allowance For Foreign Tax Credit Carryforwards
ValuationAllowanceForForeignTaxCreditCarryforwards
-5821000
CY2014 tdw Director Stock Payment Period In Days
DirectorStockPaymentPeriodInDays
15 D
CY2014 tdw Defined Benefit Plan Concentration Risk Diversification Debt Limit Single Issuer
DefinedBenefitPlanConcentrationRiskDiversificationDebtLimitSingleIssuer
0.10 pure
CY2014 tdw Other Comprehensive Income Amortization Of Loss On Derivative Contract
OtherComprehensiveIncomeAmortizationOfLossOnDerivativeContract
466000
CY2014 tdw Defined Benefit Plan Concentration Risk Assets Equity Securities Maximum Single Investment
DefinedBenefitPlanConcentrationRiskAssetsEquitySecuritiesMaximumSingleInvestment
0.05 pure
CY2014 tdw Number Of Competitors Notified
NumberOfCompetitorsNotified
2 pure
CY2014 tdw Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Unit Or Restricted Stock Award Requisite Service Period Recognition Net Of Forfeitures
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitOrRestrictedStockAwardRequisiteServicePeriodRecognitionNetOfForfeitures
-3032000
CY2014 tdw Defined Benefit Plan Number Of Employees Remaining In Plan
DefinedBenefitPlanNumberOfEmployeesRemainingInPlan
48 Person
CY2014 tdw Amount Of Foreign Earnings Not Currently Recognized For Us Taxation
AmountOfForeignEarningsNotCurrentlyRecognizedForUSTaxation
2374503000
CY2014 tdw Purchases Of Leased In Assets
PurchasesOfLeasedInAssets
78800000
CY2014 tdw Significant Commitment Projected Delivery Date Range
SignificantCommitmentProjectedDeliveryDateRange
June 2016
CY2014 tdw Amount Of Fines Disallowed By Administrative Appeals Board
AmountOfFinesDisallowedByAdministrativeAppealsBoard
65800000
CY2014 tdw Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Dividend Equivalents Reinvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDividendEquivalentsReinvestedWeightedAverageGrantDateFairValue
53.82
CY2014 tdw Defined Benefit Plan Concentration Risk Diversification Equity Limit Single Industry
DefinedBenefitPlanConcentrationRiskDiversificationEquityLimitSingleIndustry
0.25 pure
CY2014 tdw Short Term Deposits Maximum Maturity Period
ShortTermDepositsMaximumMaturityPeriod
90 D
CY2014 tdw Defined Benefit Plan Concentration Risk Assets Equity Securities Maximum Of Foreign And Us Stock
DefinedBenefitPlanConcentrationRiskAssetsEquitySecuritiesMaximumOfForeignAndUsStock
0.10 pure
CY2014 tdw Assessed Fine
AssessedFine
68400000
CY2014 tdw Defined Benefit Plan Actuarial Discount Rate Assumption
DefinedBenefitPlanActuarialDiscountRateAssumption
0.0475 pure
CY2014 tdw Other Comprehensive Income Supplemental Executive Retirement Plan Minimum Liability Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeSupplementalExecutiveRetirementPlanMinimumLiabilityAdjustmentNetOfTaxPeriodIncreaseDecrease
760000
CY2014 tdw Amount Of Fines Disallowed By Administrative Appeals Board
AmountOfFinesDisallowedByAdministrativeAppealsBoard
149000000
CY2014 tdw Unrecognized Tax Benefits Exchange Rate Fluctuation
UnrecognizedTaxBenefitsExchangeRateFluctuation
CY2014 tdw Statute Of Limitations Years
StatuteOfLimitationsYears
5 Y
CY2014 tdw Number Of Vessels Sold Or Scrapped
NumberOfVesselsSoldOrScrapped
48 Vessel
CY2014 tdw Sale Leaseback Transaction Transfer Taxes
SaleLeasebackTransactionTransferTaxes
3369000
CY2014 tdw Share Based Compensation Effect Of Change On Diluted Earnings
ShareBasedCompensationEffectOfChangeOnDilutedEarnings
0.00
CY2014 tdw Schedule Of Number Of Common Stock Shares Held
ScheduleOfNumberOfCommonStockSharesHeld
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Arial" size="2">The plan held the following number of shares of Tidewater common stock as of March&#xA0;31:</font></p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 12px; MARGIN-TOP: 0px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"> <tr> <td width="87%"></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;<font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right"><font style="FONT-FAMILY: Arial" size="1">2014</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="right"><font style="FONT-FAMILY: Arial" size="1">2013</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> &#xA0;<font size="1">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: #000000 1px solid" valign="top"> <p style="MARGIN-LEFT: 1em; TEXT-INDENT: -1em"><font style="FONT-FAMILY: Arial" size="1">Number of shares of Tidewater common stock held by 401(k) plan</font></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Arial" size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1">273,662</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial" size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font style="FONT-FAMILY: Arial" size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" align="right"><font style="FONT-FAMILY: Arial" size="1">271,237</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Arial" size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom"> <font size="1">&#xA0;</font></td> </tr> </table> </div>
CY2014 tdw Other Comprehensive Income Amortization Of Loss On Derivative Contract Tax
OtherComprehensiveIncomeAmortizationOfLossOnDerivativeContractTax
251000
CY2014 tdw Income Tax Expenses Not Deductible For Book Purposes
IncomeTaxExpensesNotDeductibleForBookPurposes
-2144000
CY2014 tdw Other Comprehensive Income Supplemental Executive Retirement Plan Minimum Liability Adjustment Tax Period Increase Decrease
OtherComprehensiveIncomeSupplementalExecutiveRetirementPlanMinimumLiabilityAdjustmentTaxPeriodIncreaseDecrease
409000
CY2014 tdw Foreign Tax Credit Carry Forwards Expire Period
ForeignTaxCreditCarryForwardsExpirePeriod
2022
CY2014 tdw Other Comprehensive Income Pension Plan Minimum Liability Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomePensionPlanMinimumLiabilityAdjustmentNetOfTaxPeriodIncreaseDecrease
1417000
CY2014 tdw Share Based Compensation Effect Of Change On Basic Earnings Per Share
ShareBasedCompensationEffectOfChangeOnBasicEarningsPerShare
0.00
CY2014 tdw Defined Benefit Plan Concentration Risk Assets Equity Securities Difference Plan Assets And Liabilities
DefinedBenefitPlanConcentrationRiskAssetsEquitySecuritiesDifferencePlanAssetsAndLiabilities
0.15 pure
CY2014 tdw Increase Of Amortization Period
IncreaseOfAmortizationPeriod
30 M
CY2014 tdw Corporate Expenses
CorporateExpenses
50776000
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PaymentsToAcquirePropertyPlantAndEquipmentIncludingNonCashInvestingActivities
806484000
CY2014 tdw Total Deferred Income Tax Expense Benefit
TotalDeferredIncomeTaxExpenseBenefit
-34709000
CY2014 tdw Other Comprehensive Income Pension Plan Minimum Liability Adjustment Tax Period Increase Decrease
OtherComprehensiveIncomePensionPlanMinimumLiabilityAdjustmentTaxPeriodIncreaseDecrease
763000
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.71
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
shares
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EarningsPerShareDiluted
1.70
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CommonStockDividendsPerShareDeclared
1.00
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WeightedAverageNumberOfDilutedSharesOutstanding
51429567 shares
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
264107 shares
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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222421000
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EffectiveIncomeTaxRateContinuingOperations
0.2128 pure
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TreasuryStockAcquiredAverageCostPerShare
47.37
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
146508 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
56.44
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
38.71
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
54.02
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WeightedAverageNumberOfSharesOutstandingBasic
51165460 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
3544 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
20372 shares
CY2012 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
739231 shares
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13041000
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PaymentsToAcquirePropertyPlantAndEquipment
357110000
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PaymentsOfDividends
51261000
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-37333000
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
49332000
CY2012 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
295000
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
8114000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
4117000
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PaymentsForProceedsFromOtherInvestingActivities
820000
CY2012 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
7033000
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
148369000
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RepaymentsOfLongTermDebt
40000000
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ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-1190000
CY2012 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
272000
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OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-272000
CY2012 us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
4365000
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InterestPaid
36839000
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SalesRevenueServicesNet
1060468000
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IncreaseDecreaseInOtherOperatingCapitalNet
-3290000
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InterestPaidNet
22096000
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3309000
CY2012 us-gaap Revenues
Revenues
1067007000
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-140000
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2813000
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ComprehensiveIncomeNetOfTax
86265000
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GrossProfit
167208000
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OperatingIncomeLoss
113554000
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7947000
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33650000
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6539000
CY2012 us-gaap Gain Loss On Disposition Of Assets
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17657000
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PaymentsForRepurchaseOfCommonStock
35015000
CY2012 us-gaap Investment Income Nonoperating
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3440000
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NonoperatingIncomeExpense
-2518000
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NetIncomeLoss
87411000
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-510000
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3102000
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-210000
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167650000
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StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-558000
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OtherCostAndExpenseOperating
17967000
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DeferredIncomeTaxExpenseBenefit
-23754000
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CostsAndExpenses
953453000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1375000
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
156570000
CY2012 us-gaap Deferred Tax Expense From Stock Options Exercised
DeferredTaxExpenseFromStockOptionsExercised
738000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
14340000
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
138356000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
74990000
CY2012 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
29010000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-558000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-315081000
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
931000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-5009000
CY2012 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
53737000
CY2012 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-2423000
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
227000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23625000
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ProceedsFromSaleOfProductiveAssets
42849000
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
35015000
CY2012 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
35015000
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
51370000
CY2012 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-6021000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2800000
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-680000
CY2012 us-gaap Interest Expense
InterestExpense
22308000
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
326000
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-363000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-146000
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
38863000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-24545000
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5411000
CY2012 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3607000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
CY2012 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
290000000
CY2012 us-gaap Pension Expense
PensionExpense
415000
CY2012 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-29554000
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
-1190000
CY2012 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
30932000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
48796000
CY2012 us-gaap Direct Operating Costs
DirectOperatingCosts
620170000
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
54363000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3892000
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-626000
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-13504000
CY2012 us-gaap Sale Leaseback Transaction Rent Expense
SaleLeasebackTransactionRentExpense
17967000
CY2012 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
8700000
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
947000
CY2012 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
10850000
CY2012 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
7115000
CY2012 us-gaap Interest Costs Incurred
InterestCostsIncurred
37051000
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
14743000
CY2012 tdw Foreign Tax Credits Not Previously Recognized
ForeignTaxCreditsNotPreviouslyRecognized
-626000
CY2012 tdw Assets Fair Value Disclosure1
AssetsFairValueDisclosure1
8175000
CY2012 tdw Income Tax Expenses Not Deductible For Tax Purposes
IncomeTaxExpensesNotDeductibleForTaxPurposes
2889000
CY2012 tdw Income Loss From Continuing Operations Before Income Taxes
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
111036000
CY2012 tdw Director Stock Payment Period In Days
DirectorStockPaymentPeriodInDays
15 D
CY2012 tdw Other Comprehensive Income Amortization Of Loss On Derivative Contract
OtherComprehensiveIncomeAmortizationOfLossOnDerivativeContract
467000
CY2012 tdw Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Unit Or Restricted Stock Award Requisite Service Period Recognition Net Of Forfeitures
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitOrRestrictedStockAwardRequisiteServicePeriodRecognitionNetOfForfeitures
-4147000
CY2012 tdw Optional Payment Installments Annual
OptionalPaymentInstallmentsAnnual
5 Installment
CY2012 tdw Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Dividend Equivalents Reinvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDividendEquivalentsReinvestedWeightedAverageGrantDateFairValue
50.49
CY2012 tdw Other Comprehensive Income Supplemental Executive Retirement Plan Minimum Liability Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeSupplementalExecutiveRetirementPlanMinimumLiabilityAdjustmentNetOfTaxPeriodIncreaseDecrease
-1288000
CY2012 tdw Unrecognized Tax Benefits Exchange Rate Fluctuation
UnrecognizedTaxBenefitsExchangeRateFluctuation
CY2012 tdw Number Of Vessels Sold Or Scrapped
NumberOfVesselsSoldOrScrapped
60 Vessel
CY2012 tdw Share Based Compensation Effect Of Change On Diluted Earnings
ShareBasedCompensationEffectOfChangeOnDilutedEarnings
0.05
CY2012 tdw Income Tax Liability For Uncertain Tax Positions Current
IncomeTaxLiabilityForUncertainTaxPositionsCurrent
-4187000
CY2012 tdw Other Comprehensive Income Pension Plan Minimum Liability Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomePensionPlanMinimumLiabilityAdjustmentNetOfTaxPeriodIncreaseDecrease
894000
CY2012 tdw Share Based Compensation Effect Of Change On Basic Earnings Per Share
ShareBasedCompensationEffectOfChangeOnBasicEarningsPerShare
0.05
CY2012 tdw Corporate Expenses
CorporateExpenses
40379000
CY2012 tdw Payments To Acquire Property Plant And Equipment Including Non Cash Investing Activities
PaymentsToAcquirePropertyPlantAndEquipmentIncludingNonCashInvestingActivities
367960000
CY2012 tdw Total Deferred Income Tax Expense Benefit
TotalDeferredIncomeTaxExpenseBenefit
-25171000
CY2012 tdw Other Comprehensive Income Amortization Of Loss On Derivative Contract Tax
OtherComprehensiveIncomeAmortizationOfLossOnDerivativeContractTax
251000
CY2012 tdw Other Comprehensive Income Supplemental Executive Retirement Plan Minimum Liability Adjustment Tax Period Increase Decrease
OtherComprehensiveIncomeSupplementalExecutiveRetirementPlanMinimumLiabilityAdjustmentTaxPeriodIncreaseDecrease
-693000
CY2012 tdw Other Comprehensive Income Pension Plan Minimum Liability Adjustment Tax Period Increase Decrease
OtherComprehensiveIncomePensionPlanMinimumLiabilityAdjustmentTaxPeriodIncreaseDecrease
481000
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.95
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.95
CY2013Q1 us-gaap Revenues
Revenues
328333000
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
58574000
CY2013Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
3839000
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NetIncomeLoss
46591000
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
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EarningsPerShareDiluted
0.88
CY2014Q1 us-gaap Revenues
Revenues
367833000
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
61063000
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GainLossOnDispositionOfAssets
2363000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
43417000
CY2009Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
44800000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2012Q2 us-gaap Revenues
Revenues
294448000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
49487000
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GainLossOnDispositionOfAssets
838000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
32856000
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2013Q2 us-gaap Revenues
Revenues
334085000
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
43425000
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GainLossOnDispositionOfAssets
2140000
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NetIncomeLoss
30083000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.84
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
CY2012Q3 us-gaap Revenues
Revenues
311918000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
57197000
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GainLossOnDispositionOfAssets
1833000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
41356000
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2012Q4 us-gaap Revenues
Revenues
309466000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
40974000
CY2012Q4 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
99000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
29947000
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.10
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.09
CY2013Q3 us-gaap Revenues
Revenues
367937000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
76565000
CY2013Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
49000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
54172000
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2013Q4 us-gaap Revenues
Revenues
365248000
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
20488000
CY2013Q4 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
7170000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
12583000
CY2013Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
56283000
CY2013Q4 us-gaap Sale Leaseback Transaction Gross Proceeds
SaleLeasebackTransactionGrossProceeds
141900000
CY2013Q4 tdw Sale Leaseback Transaction Number Of Vessels
SaleLeasebackTransactionNumberOfVessels
4 Vessel

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