TIDEWATER INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Years ended March 31, 2010, 2009, and 2008  Selected financial information for interim periods for the years ended March 31, 2010 and 2009 are as  follows: First Second Third Fourth Reversal of tax liabilities for uncertain tax positions  $  ---  34,284  ---  1,826 Foreign exchange gain on devaluation of bolivar fuerte  $  ---  ---  ---  11,003  Proposed SEC settlement  $  ---  ---  ---  (11,396) (C) Included in fiscal 2010 net earnings is (1) a reversal of $36.1 million, or $0.70 per common share, of uncertain tax positions related  to the resolution of a tax dispute with the U.S. IRS, (2) a $11.4 million, or $0.22 per common share, proposed settlement with the SEC related to the internal investigation, and (3) an $11.0 million, or $0.21 per common share, foreign exchange gain resulting for  the devaluation of the Venezuelan bolivar fuerte relative to the U.S. dollar. The above matters by quarter for fiscal 2010 are as follows:  (B) Included in fiscal 2010 operating income is a $43.7 million provision for the company’s Venezuelan operations. The provision for  Venezuelan operations by quarter for fiscal 2010 is as follows:  (A)  Operating income consists of revenues less operating costs and expenses, depreciation, general and administrative expenses and  gain on asset dispositions, net, of the company’s operations. Gains on asset dispositions, net, by quarter for fiscal 2010 and 2009  are as follows:  (14) QUARTERLY FINANCIAL DATA (UNAUDITED)  Quarter (In thousands except per share data) First  Second  Third  Fourth Fiscal 2010 Revenues $ 326,609 295,524 286,505 259,996 Operating income (A, B)  56,206  72,027  66,493  45,604  Net earnings (C)  44,482  98,185  59,896  56,913  Basic earnings per share  $  0.87  1.91  1.17  1.11  Diluted earnings per share  $  0.86  1.90  1.16  1.10  Fiscal 2009 Revenues $ 340,054 346,829 362,335 341,617 Operating income (A)  97,555  110,022  130,586  127,306  Net earnings  84,776  95,431  116,965  109,726  Basic earnings per share  $  1.65  1.86  2.28  2.14  Diluted earnings per share  $  1.64  1.85  2.28  2.13  First Second Third Fourth Fiscal 2010 Gain on asset dispositions, net $  12,538  5,374  5,151  5,115  Fiscal 2009 Gain on asset dispositions, net $  10,387  5,851  4,760  6,253  First Second Third Fourth Provision for Venezuelan Operations $  48,553  517  ---  (5,350)  F-42