2015 Q1 Form 10-K Financial Statement

#000119312515204166 Filed on May 28, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1 2013 Q4
Revenue $324.8M $367.8M $365.2M
YoY Change -11.71% 12.03% 18.03%
Cost Of Revenue $200.8M $212.3M $201.8M
YoY Change -5.42% 15.01% 11.43%
Gross Profit $123.9M $155.5M $80.71M
YoY Change -20.32% 8.21% -37.14%
Gross Profit Margin 38.15% 42.27% 22.1%
Selling, General & Admin $53.40M $53.90M $51.50M
YoY Change -0.93% 6.31% 2.39%
% of Gross Profit 43.1% 34.66% 63.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $45.00M $42.90M $42.40M
YoY Change 4.9% 12.01% 13.98%
% of Gross Profit 36.32% 27.59% 52.54%
Operating Expenses $98.50M $96.90M $93.90M
YoY Change 1.65% 8.88% 7.31%
Operating Profit $25.67M $61.06M $20.49M
YoY Change -57.96% 4.25% -50.0%
Interest Expense -$10.40M -$9.800M $12.25M
YoY Change 6.12% -1188.89% 70.54%
% of Operating Profit -40.51% -16.05% 59.79%
Other Income/Expense, Net -$8.101M
YoY Change 127.81%
Pretax Income $15.20M $51.20M $12.40M
YoY Change -70.31% -13.95% -66.84%
Income Tax $24.10M $7.800M -$196.0K
% Of Pretax Income 158.55% 15.23% -1.58%
Net Earnings -$9.076M $43.42M $12.58M
YoY Change -120.9% -6.81% -57.98%
Net Earnings / Revenue -2.79% 11.8% 3.45%
Basic Earnings Per Share -$0.19 $0.88 $0.25
Diluted Earnings Per Share -$0.19 $0.88 $0.25
COMMON SHARES
Basic Shares Outstanding 46.89M shares 49.64M shares 49.35M shares
Diluted Shares Outstanding 49.83M shares

Balance Sheet

Concept 2015 Q1 2014 Q1 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.60M $60.40M $114.1M
YoY Change 30.13% 48.77% 110.52%
Cash & Equivalents $78.57M $60.36M $114.1M
Short-Term Investments
Other Short-Term Assets $17.78M $20.59M $18.99M
YoY Change -13.63% 75.43% 51.26%
Inventory $49.00M $57.40M $55.70M
Prepaid Expenses $10.40M
Receivables $303.1M $252.4M $615.1M
Other Receivables $420.4M $429.5M $0.00
Total Short-Term Assets $868.8M $820.2M $803.9M
YoY Change 5.93% 61.43% 64.07%
LONG-TERM ASSETS
Property, Plant & Equipment $3.746B $3.622B $3.546B
YoY Change 3.44% 13.54% 14.45%
Goodwill $283.7M $283.7M
YoY Change -4.74% -4.74%
Intangibles
YoY Change
Long-Term Investments $65.84M $63.93M $60.10M
YoY Change 3.0% 38.83% 8.55%
Other Assets $75.20M $96.39M $153.3M
YoY Change -21.98% -23.67% 34.63%
Total Long-Term Assets $3.880B $4.066B $4.044B
YoY Change -4.57% 11.08% 13.4%
TOTAL ASSETS
Total Short-Term Assets $868.8M $820.2M $803.9M
Total Long-Term Assets $3.880B $4.066B $4.044B
Total Assets $4.749B $4.886B $4.847B
YoY Change -2.81% 17.22% 19.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.01M $74.52M $95.25M
YoY Change -27.52% 25.51% 16.18%
Accrued Expenses $146.3M $157.3M $186.5M
YoY Change -7.02% 23.85% 26.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.18M $9.512M
YoY Change 7.03%
Total Short-Term Liabilities $482.2M $401.7M $339.2M
YoY Change 20.05% 50.65% 28.51%
LONG-TERM LIABILITIES
Long-Term Debt $1.524B $1.505B $1.464B
YoY Change 1.26% 50.54% 57.42%
Other Long-Term Liabilities $235.1M $179.2M $206.2M
YoY Change 31.2% 28.86% 71.03%
Total Long-Term Liabilities $1.759B $1.685B $1.670B
YoY Change 4.44% 47.89% 58.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $482.2M $401.7M $339.2M
Total Long-Term Liabilities $1.759B $1.685B $1.670B
Total Liabilities $2.242B $2.086B $2.009B
YoY Change 7.45% 48.41% 52.86%
SHAREHOLDERS EQUITY
Retained Earnings $2.330B $2.544B $2.513B
YoY Change -8.41% 3.68% 3.88%
Common Stock $164.6M $147.4M $143.1M
YoY Change 11.73% 17.95% 16.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.474B $2.679B $2.640B
YoY Change
Total Liabilities & Shareholders Equity $4.756B $4.886B $4.847B
YoY Change -2.65% 17.22% 19.52%

Cashflow Statement

Concept 2015 Q1 2014 Q1 2013 Q4
OPERATING ACTIVITIES
Net Income -$9.076M $43.42M $12.58M
YoY Change -120.9% -6.81% -57.98%
Depreciation, Depletion And Amortization $45.00M $42.90M $42.40M
YoY Change 4.9% 12.01% 13.98%
Cash From Operating Activities $83.10M $34.80M $60.00M
YoY Change 138.79% 11.54% 64.84%
INVESTING ACTIVITIES
Capital Expenditures -$132.5M -$197.2M -$177.2M
YoY Change -32.81% 72.98% 29.53%
Acquisitions
YoY Change
Other Investing Activities $16.80M $67.80M $178.4M
YoY Change -75.22% 629.03% 1839.13%
Cash From Investing Activities -$115.7M -$129.5M $1.300M
YoY Change -10.66% 23.69% -101.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 33.70M 40.90M 7.300M
YoY Change -17.6% -31.61% -16.09%
NET CHANGE
Cash From Operating Activities 83.10M 34.80M 60.00M
Cash From Investing Activities -115.7M -129.5M 1.300M
Cash From Financing Activities 33.70M 40.90M 7.300M
Net Change In Cash 1.100M -53.80M 68.60M
YoY Change -102.04% 292.7% -183.15%
FREE CASH FLOW
Cash From Operating Activities $83.10M $34.80M $60.00M
Capital Expenditures -$132.5M -$197.2M -$177.2M
Free Cash Flow $215.6M $232.0M $237.2M
YoY Change -7.07% 59.78% 36.95%

Facts In Submission

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15801000
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299000
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-483000
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115000
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4000
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318858000
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4000
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56283000
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34458000
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68100000
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CurrentIncomeTaxExpenseBenefit
67502000
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1233562000
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3000
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270755000
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0
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1412000
CY2014 tdw Income Tax Expenses Not Deductible For Tax Purposes
IncomeTaxExpensesNotDeductibleForTaxPurposes
720000
CY2014 tdw Assets Fair Value Disclosure1
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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
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CY2014 tdw Other Comprehensive Income Pension Plan Minimum Liability Adjustment Net Of Tax Period Increase Decrease
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1417000
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409000
CY2014 tdw Purchases Of Leased In Assets
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78800000
CY2014 tdw Director Stock Payment Period In Days
DirectorStockPaymentPeriodInDays
15 D
CY2014 tdw Number Of Vessels Sold Or Scrapped
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48 Vessel
CY2014 tdw Foreign Tax Credits Not Previously Recognized
ForeignTaxCreditsNotPreviouslyRecognized
-483000
CY2014 tdw Sale Leaseback Transaction Closing Costs
SaleLeasebackTransactionClosingCosts
172819000
CY2014 tdw Other Comprehensive Income Supplemental Executive Retirement Plan Minimum Liability Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeSupplementalExecutiveRetirementPlanMinimumLiabilityAdjustmentNetOfTaxPeriodIncreaseDecrease
760000
CY2014 tdw Unrecognized Tax Benefits Exchange Rate Fluctuation
UnrecognizedTaxBenefitsExchangeRateFluctuation
0
CY2014 tdw Sale Leaseback Transaction Number Of Vessels
SaleLeasebackTransactionNumberOfVessels
10 Vessel
CY2014 tdw Other Comprehensive Income Pension Plan Minimum Liability Adjustment Tax Period Increase Decrease
OtherComprehensiveIncomePensionPlanMinimumLiabilityAdjustmentTaxPeriodIncreaseDecrease
763000
CY2014 tdw Other Comprehensive Income Amortization Of Loss On Derivative Contract Tax
OtherComprehensiveIncomeAmortizationOfLossOnDerivativeContractTax
251000
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
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-3032000
CY2014 tdw Income Loss From Continuing Operations Before Income Taxes
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
173048000
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0.00
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SaleLeasebackTransactionTransferTaxes
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97936000
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466000
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ShareBasedCompensationEffectOfChangeOnDilutedEarnings
0.00
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 Income Tax Expenses Not Deductible For Book Purposes
IncomeTaxExpensesNotDeductibleForBookPurposes
-2144000
CY2014 tdw Corporate Expenses
CorporateExpenses
50776000
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TotalDeferredIncomeTaxExpenseBenefit
-34709000
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.34
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
428326 shares
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
35.21
CY2015 dei Document Type
DocumentType
10-K
CY2015 dei Entity Registrant Name
EntityRegistrantName
TIDEWATER INC
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2015 dei Trading Symbol
TradingSymbol
TDW
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.54
CY2015 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0163 pure
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
358713000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0182 pure
CY2015 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
19.14
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.024 pure
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y6M
CY2015 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
2841976 shares
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
56370 shares
CY2015 us-gaap Use Of Estimates
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<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>
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-03-31
CY2015 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 Segment
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48658840 shares
CY2015 dei Amendment Flag
AmendmentFlag
false
CY2015 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
CY2015 dei Document Fiscal Year Focus
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2015
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42.97
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TreasuryStockAcquiredAverageCostPerShare
35.19
CY2015 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, 2015, the company did not have any individual asset investments that comprised 10% or more of each plan's overall assets.
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.34
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
60058 shares
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
22.80
CY2015 dei Entity Central Index Key
EntityCentralIndexKey
0000098222
CY2015 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.00
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.30 pure
CY2015 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
284635 shares
CY2015 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>
CY2015 us-gaap Gross Profit
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285934000
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-38282000
CY2015 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
15287000
CY2015 us-gaap Sale Leaseback Transaction Current Period Gain Recognized
SaleLeasebackTransactionCurrentPeriodGainRecognized
17700000
CY2015 us-gaap Repayments Of Long Term Debt
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97823000
CY2015 us-gaap Payments Of Dividends
PaymentsOfDividends
48834000
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
29118 shares
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48658840 shares
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40000
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
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19023000
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27159000
CY2015 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-9077000
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
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-8153000
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
-1784000
CY2015 us-gaap Profit Loss
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-65349000
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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2978000
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175204000
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1429000
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399000
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8310000
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CY2015 tdw Defined Benefit Plan Concentration Risk Diversification Equity Limit Single Corporation
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CY2015 tdw Other Comprehensive Income Pension Plan Minimum Liability Adjustment Net Of Tax Period Increase Decrease
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CY2015 tdw Other Comprehensive Income Supplemental Executive Retirement Plan Minimum Liability Adjustment Tax Period Increase Decrease
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0
CY2015 tdw Number Of Vessels Sold Or Scrapped
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CY2015 tdw Increase Of Amortization Period
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30 M
CY2015 tdw Defined Benefit Plan Actuarial Discount Rate Assumption
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CY2015 tdw Unrecognized Tax Benefits Exchange Rate Fluctuation
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0
CY2015 tdw Sale Leaseback Transaction Number Of Vessels
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CY2015 tdw Other Comprehensive Income Pension Plan Minimum Liability Adjustment Tax Period Increase Decrease
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0
CY2015 tdw Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Unit Or Restricted Stock Award Requisite Service Period Recognition Net Of Forfeitures
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0.10 pure
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0.05 pure
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P90D
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0.15 pure
CY2015 tdw Foreign Tax Credit Carry Forwards Expire Period
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2022
CY2015 tdw Schedule Of Number Of Common Stock Shares Held
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The majority of the company's vessels require certification inspections twice in every five year period
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0.05 pure
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0.10 pure
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0.25 pure
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0
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717000
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34.63
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56283000
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141900000
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CY2013Q4 tdw Sale Leaseback Transaction Expiration Date
SaleLeasebackTransactionExpirationDate
6th or 8th Year
CY2013Q4 tdw Sale Leaseback Transaction Deferred Gain Current
SaleLeasebackTransactionDeferredGainCurrent
36251000
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.22
CY2014Q2 tdw Sale Leaseback Transaction Closing Costs
SaleLeasebackTransactionClosingCosts
4002000
CY2014Q2 tdw Sale Leaseback Transaction Number Of Vessels
SaleLeasebackTransactionNumberOfVessels
1 Vessel
CY2014Q2 tdw Sale Leaseback Transaction Expiration Date
SaleLeasebackTransactionExpirationDate
6th Year
CY2014Q2 tdw Sale Leaseback Transaction Deferred Gain Current
SaleLeasebackTransactionDeferredGainCurrent
9398000
CY2014Q2 tdw Sale Leaseback Transaction Term
SaleLeasebackTransactionTerm
P7Y
CY2014Q2 tdw Sale Leaseback Transaction Percentage Of Purchase Option
SaleLeasebackTransactionPercentageOfPurchaseOption
0.61 pure
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.09
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.10
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
76565000
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.23
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
84723000
CY2014Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
3590000
CY2014Q3 us-gaap Revenues
Revenues
397524000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
60907000
CY2014Q3 us-gaap Sale Leaseback Transaction Gross Proceeds Investing Activities
SaleLeasebackTransactionGrossProceedsInvestingActivities
19350000
CY2014Q3 tdw Sale Leaseback Transaction Closing Costs
SaleLeasebackTransactionClosingCosts
8214000
CY2014Q3 tdw Sale Leaseback Transaction Number Of Vessels
SaleLeasebackTransactionNumberOfVessels
1 Vessel
CY2014Q3 tdw Sale Leaseback Transaction Expiration Date
SaleLeasebackTransactionExpirationDate
8thYear
CY2014Q3 tdw Sale Leaseback Transaction Deferred Gain Current
SaleLeasebackTransactionDeferredGainCurrent
11136000
CY2014Q3 tdw Sale Leaseback Transaction Term
SaleLeasebackTransactionTerm
P8Y6M
CY2014Q3 tdw Sale Leaseback Transaction Percentage Of Purchase Option
SaleLeasebackTransactionPercentageOfPurchaseOption
0.47 pure
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.31
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.31
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-213580000
CY2014Q4 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-1537000
CY2014Q4 us-gaap Revenues
Revenues
387554000
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
-160694000
CY2014Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
283699000
CY2014Q4 us-gaap Sale Leaseback Transaction Gross Proceeds Investing Activities
SaleLeasebackTransactionGrossProceedsInvestingActivities
78200000
CY2014Q4 tdw Sale Leaseback Transaction Closing Costs
SaleLeasebackTransactionClosingCosts
33233000
CY2014Q4 tdw Sale Leaseback Transaction Number Of Vessels
SaleLeasebackTransactionNumberOfVessels
3 Vessel
CY2014Q4 tdw Sale Leaseback Transaction Expiration Date
SaleLeasebackTransactionExpirationDate
7th or 8th Year
CY2014Q4 tdw Sale Leaseback Transaction Deferred Gain Current
SaleLeasebackTransactionDeferredGainCurrent
44967000
CY2014Q4 tdw Sale Leaseback Transaction Percentage Of Purchase Option
SaleLeasebackTransactionPercentageOfPurchaseOption
0.60 pure

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