Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Sep. 30, 2014 | Oct. 31, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-14 | ' |
Entity Registrant Name | 'Bristow Group Inc. | ' |
Entity Central Index Key | '0000073887 | ' |
Current Fiscal Year End Date | '--03-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 35,158,196 |
Document Fiscal Year Focus | '2015 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
UNAUDITED_CONDENSED_CONSOLIDAT
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Gross revenue: | ' | ' | ' | ' |
Operating revenue from non-affiliates | $418,169 | $353,849 | $834,074 | $690,097 |
Operating revenue from affiliates | 22,289 | 24,781 | 43,719 | 48,080 |
Reimbursable revenue from non-affiliates | 35,178 | 38,698 | 70,381 | 78,080 |
Reimbursable revenue from affiliates | 0 | 0 | 0 | 65 |
Total consolidated gross revenue | 475,636 | 417,328 | 948,174 | 816,322 |
Operating expense: | ' | ' | ' | ' |
Direct cost | 305,557 | 256,766 | 599,420 | 512,022 |
Reimbursable expense | 33,309 | 36,314 | 65,917 | 73,057 |
Depreciation and amortization | 28,205 | 23,858 | 53,539 | 46,677 |
General and administrative | 61,724 | 46,479 | 122,156 | 86,787 |
Operating expense | 428,795 | 363,417 | 841,032 | 718,543 |
Gain (loss) on disposal of assets | 127 | -3,064 | 737 | -4,785 |
Earnings from unconsolidated affiliates, net of losses | -2,904 | 3,088 | 1,377 | 17,060 |
Operating income | 44,064 | 53,935 | 109,256 | 110,054 |
Interest expense, net | -7,572 | -8,316 | -14,699 | -28,567 |
Gain on sale of unconsolidated affiliate | 0 | 103,924 | 0 | 103,924 |
Other income (expense), net | -2,681 | 1,487 | -3,920 | 121 |
Income before provision for income taxes | 33,811 | 151,030 | 90,637 | 185,532 |
Provision for income taxes | -5,986 | -41,146 | -17,809 | -48,736 |
Net income | 27,825 | 109,884 | 72,828 | 136,796 |
Net income attributable to noncontrolling interests | -1,743 | 722 | -2,637 | 696 |
Net income attributable to Bristow Group | $26,082 | $110,606 | $70,191 | $137,492 |
Earnings per common share: | ' | ' | ' | ' |
Basic earnings per share | $0.74 | $3.04 | $1.98 | $3.79 |
Diluted earnings per share | $0.73 | $3.01 | $1.96 | $3.75 |
Cash dividends declared per common share | $0.32 | $0.25 | $0.64 | $0.50 |
UNAUDITED_CONDENSED_CONSOLIDAT1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $27,825 | $109,884 | $72,828 | $136,796 |
Currency translation adjustments | -19,507 | 15,874 | -10,516 | 11,445 |
Other comprehensive income | 8,318 | 125,758 | 62,312 | 148,241 |
Net (income) loss attributable to noncontrolling interests | -1,743 | 722 | -2,637 | 696 |
Currency translation adjustment attributable to noncontrolling interest | -183 | -108 | 34 | -238 |
Total comprehensive (income) loss attributable to noncontrolling interests | -1,926 | 614 | -2,603 | 458 |
Total comprehensive income attributable to Bristow Group | $6,392 | $126,372 | $59,709 | $148,699 |
UNAUDITED_CONDENSED_CONSOLIDAT2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) | Sep. 30, 2014 | Mar. 31, 2014 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and cash equivalents | $263,910 | $204,341 |
Accounts receivable from non-affiliates, net of allowance for doubtful accounts | 287,794 | 292,650 |
Accounts receivable from affiliates, net of allowance for doubtful accounts | 7,616 | 4,793 |
Inventories | 142,814 | 137,463 |
Assets held for sale | 32,088 | 29,276 |
Prepaid expenses and other current assets | 51,723 | 53,084 |
Total current assets | 785,945 | 721,607 |
Investment in unconsolidated affiliates | 259,262 | 262,615 |
Property and equipment - at cost: | ' | ' |
Total property and equipment, at cost | 2,597,220 | 2,792,123 |
Less - Accumulated depreciation and amortization | -510,895 | -523,372 |
Total property and equipment, net | 2,086,325 | 2,268,751 |
Goodwill | 55,520 | 56,680 |
Other assets | 91,345 | 88,604 |
Total assets | 3,278,397 | 3,398,257 |
LIABILITIES AND STOCKHOLDERS' INVESTMENT | ' | ' |
Accounts payable | 79,799 | 89,818 |
Accrued wages, benefits and related taxes | 62,632 | 71,192 |
Income taxes payable | 8,525 | 13,588 |
Other accrued taxes | 10,849 | 9,302 |
Deferred revenue | 29,698 | 31,157 |
Accrued maintenance and repairs | 19,590 | 17,249 |
Accrued interest | 15,459 | 16,157 |
Other accrued liabilities | 45,816 | 45,853 |
Current deferred taxes | 12,054 | 12,372 |
Short-term borrowings and current maturities of long-term debt | 13,669 | 14,207 |
Deferred sale leaseback advance | 137,969 | 136,930 |
Total current liabilities | 436,060 | 457,825 |
Long-term debt, less current maturities | 765,865 | 827,095 |
Accrued pension liabilities | 71,815 | 86,823 |
Other liabilities and deferred credits | 56,255 | 78,126 |
Deferred taxes | 166,654 | 169,519 |
Commitments and Contingencies | ' | ' |
Temporary equity | 24,264 | 22,283 |
Stockholders' investment: | ' | ' |
Common stock | 375 | 373 |
Additional paid-in capital | 769,891 | 762,813 |
Retained earnings | 1,292,722 | 1,245,220 |
Accumulated other comprehensive loss | -166,988 | -156,506 |
Treasury shares | -147,388 | -103,965 |
Stockholders' equity | 1,748,612 | 1,747,935 |
Noncontrolling interests | 8,872 | 8,651 |
Total stockholders' investment | 1,757,484 | 1,756,586 |
Total liabilities and stockholders' investment | 3,278,397 | 3,398,257 |
Land and Building [Member] | ' | ' |
Property and equipment - at cost: | ' | ' |
Total property and equipment, at cost | 154,002 | 145,973 |
Aircraft And Equipment [Member] | ' | ' |
Property and equipment - at cost: | ' | ' |
Total property and equipment, at cost | $2,443,218 | $2,646,150 |
UNAUDITED_CONDENSED_CONSOLIDAT3
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (PARANTHETICAL) (USD $) | Sep. 30, 2014 | Mar. 31, 2014 |
Statement of Financial Position [Abstract] | ' | ' |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 90,000,000 | 90,000,000 |
Common stock, shares outstanding | 35,303,808 | 35,708,469 |
Treasury stock, shares acquired, par value method | 1,291,441 | 1,291,441 |
Treasury stock, shares | 2,190,797 | 1,595,479 |
UNAUDITED_CONDENSED_CONSOLIDAT4
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Cash flows from operating activities: | ' | ' |
Net income | $72,828 | $136,796 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 53,539 | 46,677 |
Deferred income taxes | -329 | 7,352 |
Write-off of deferred debt financing fees | 437 | 12,733 |
Discount amortization on long-term debt | 2,130 | 1,722 |
(Gain) loss on disposal of assets | -737 | 4,785 |
Gain on sale of unconsolidated affiliate | 0 | -103,924 |
Impairment of inventories | 3,362 | 2,364 |
Stock-based compensation | 8,407 | 6,625 |
Equity in earnings from unconsolidated affiliates (in excess of) less than dividends received | 2,362 | -8,061 |
Tax benefit related to stock-based compensation | -1,642 | -4,234 |
Increase (decrease) in cash resulting from changes in: | ' | ' |
Accounts receivable | -2,587 | 28,508 |
Inventories | -11,865 | -438 |
Prepaid expenses and other assets | -2,664 | 8,940 |
Accounts payable | -1,794 | -2,577 |
Accrued liabilities | -10,176 | 5,756 |
Other liabilities and deferred credits | -10,104 | -10,548 |
Net cash provided by operating activities | 101,167 | 132,476 |
Cash flows from investing activities: | ' | ' |
Capital expenditures | -302,119 | -339,559 |
Proceeds from asset dispositions | 397,644 | 155,603 |
Proceeds from sale of unconsolidated affiliate | 0 | 112,210 |
Net cash used in investing activities | 95,525 | -71,746 |
Cash flows from financing activities: | ' | ' |
Proceeds from borrowings | 219,354 | 160,146 |
Debt issuance costs | 0 | -15,152 |
Repayment of debt | -282,838 | -117,748 |
Partial prepayment of put/call obligation | -30 | -27 |
Acquisition of noncontrolling interest | -3,170 | 0 |
Repurchase of common stock | -43,423 | 0 |
Common stock dividends paid | -22,689 | -18,138 |
Issuance of common stock | 1,398 | 11,550 |
Tax benefit related to stock-based compensation | 1,642 | 4,234 |
Net cash provided by (used in) financing activities | -129,756 | 24,865 |
Effect of exchange rate changes on cash and cash equivalents | -7,367 | 12,303 |
Net increase (decrease) in cash and cash equivalents | 59,569 | 97,898 |
Cash and cash equivalents at beginning of period | 204,341 | 215,623 |
Cash and cash equivalents at end of period | 263,910 | 313,521 |
Supplemental disclosure of cash flow information: | ' | ' |
Interest | 14,442 | 19,236 |
Income taxes | 15,322 | 16,092 |
Deferred sale leaseback advance | 42,747 | 0 |
Completion of deferred sale leaseback | ($73,104) | $0 |
BASIS_OF_PRESENTATION_CONSOLID
BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
Operations, Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract] | ' | |||||||||||||||||
BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' | |||||||||||||||||
BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||||||||||||||||||
The condensed consolidated financial statements include the accounts of Bristow Group Inc. and its consolidated entities (“Bristow Group,” the “Company,” “we,” “us,” or “our”) after elimination of all significant intercompany accounts and transactions. Our fiscal year ends March 31, and we refer to fiscal years based on the end of such period. Therefore, the fiscal year ending March 31, 2015 is referred to as “fiscal year 2015.” Pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”), the information contained in the following notes to condensed consolidated financial statements is condensed from that which would appear in the annual consolidated financial statements; accordingly, the condensed consolidated financial statements included herein should be read in conjunction with the consolidated financial statements and related notes thereto contained in our fiscal year 2014 Annual Report (the “fiscal year 2014 Financial Statements”). Operating results for the interim period presented are not necessarily indicative of the results that may be expected for the entire fiscal year. | ||||||||||||||||||
The condensed consolidated financial statements included herein are unaudited; however, they include all adjustments of a normal recurring nature which, in the opinion of management, are necessary for a fair presentation of the consolidated financial position of the Company as of September 30, 2014 and the consolidated results of operations for the three and six months ended September 30, 2014 and 2013, and the consolidated cash flows for the six months ended September 30, 2014 and 2013. | ||||||||||||||||||
Foreign Currency | ||||||||||||||||||
During the three and six months ended September 30, 2014 and 2013, our primary foreign currency exposure was to the British pound sterling, the euro, the Australian dollar and the Nigerian naira. The value of these currencies has fluctuated relative to the U.S. dollar as indicated in the following table: | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
One British pound sterling into U.S. dollars | ||||||||||||||||||
High | 1.72 | 1.62 | 1.72 | 1.62 | ||||||||||||||
Average | 1.67 | 1.55 | 1.68 | 1.54 | ||||||||||||||
Low | 1.61 | 1.48 | 1.61 | 1.48 | ||||||||||||||
At period-end | 1.62 | 1.62 | 1.62 | 1.62 | ||||||||||||||
One euro into U.S. dollars | ||||||||||||||||||
High | 1.37 | 1.35 | 1.39 | 1.35 | ||||||||||||||
Average | 1.33 | 1.32 | 1.35 | 1.32 | ||||||||||||||
Low | 1.26 | 1.28 | 1.26 | 1.26 | ||||||||||||||
At period-end | 1.26 | 1.35 | 1.26 | 1.35 | ||||||||||||||
One Australian dollar into U.S. dollars | ||||||||||||||||||
High | 0.95 | 0.95 | 0.95 | 1.07 | ||||||||||||||
Average | 0.93 | 0.92 | 0.93 | 0.95 | ||||||||||||||
Low | 0.87 | 0.89 | 0.87 | 0.89 | ||||||||||||||
At period-end | 0.88 | 0.94 | 0.88 | 0.94 | ||||||||||||||
One Nigerian naira into U.S. dollars | ||||||||||||||||||
High | 0.0062 | 0.0064 | 0.0063 | 0.0065 | ||||||||||||||
Average | 0.0061 | 0.0063 | 0.0062 | 0.0063 | ||||||||||||||
Low | 0.006 | 0.0061 | 0.006 | 0.0061 | ||||||||||||||
At period-end | 0.006 | 0.0063 | 0.006 | 0.0063 | ||||||||||||||
______ | ||||||||||||||||||
Source: Bank of England and Oanda.com | ||||||||||||||||||
Other income (expense), net, in our condensed consolidated statements of income includes foreign currency transaction gains (losses) of $(1.7) million and $0.4 million for the three months ended September 30, 2014 and 2013, respectively, and $(2.1) million and $(1.0) million for the six months ended September 30, 2014 and 2013, respectively. The losses for the three and six months ended September 30, 2014 were primarily driven by the changes in the Australian dollar to U.S. dollars and British pound sterling exchange rates. | ||||||||||||||||||
Our earnings from unconsolidated affiliates, net of losses, are also affected by the impact of changes in foreign currency exchange rates on the reported results of our unconsolidated affiliates. During the three months ended September 30, 2014 and 2013, earnings from unconsolidated affiliates, net of losses, were decreased by $6.8 million and $2.1 million, respectively, and during the six months ended September 30, 2014 and 2013, earnings from unconsolidated affiliates, net of losses, were decreased by $5.9 million and $2.4 million, respectively, as a result of the impact of changes in foreign currency exchange rates on the earnings of our unconsolidated affiliates, primarily the impact of changes in the Brazilian real to U.S. dollar exchange rate on earnings for our affiliate in Brazil. The value of the Brazilian real has fluctuated relative to the U.S. dollar as indicated in the following table: | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
One Brazilian real into U.S. dollars | ||||||||||||||||||
High | 0.4534 | 0.4568 | 0.4572 | 0.5123 | ||||||||||||||
Average | 0.4398 | 0.438 | 0.4445 | 0.4617 | ||||||||||||||
Low | 0.4066 | 0.4093 | 0.4066 | 0.4093 | ||||||||||||||
At period-end | 0.4102 | 0.4475 | 0.4102 | 0.4475 | ||||||||||||||
______ | ||||||||||||||||||
Source: Oanda.com | ||||||||||||||||||
We estimate that the fluctuation of currencies versus the same period in the prior fiscal year had the following effect on our financial condition and results of operations (in thousands): | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
September 30, 2014 | September 30, 2014 | |||||||||||||||||
Revenue | $ | 9,510 | $ | 19,855 | ||||||||||||||
Operating expense | (6,027 | ) | (12,109 | ) | ||||||||||||||
Earnings from unconsolidated affiliates, net of losses | (6,620 | ) | (5,898 | ) | ||||||||||||||
Non-operating expense | (2,112 | ) | (1,163 | ) | ||||||||||||||
Income before provision for income taxes | (5,249 | ) | 685 | |||||||||||||||
Benefit (provision) for income taxes | 1,220 | (145 | ) | |||||||||||||||
Net income | (4,029 | ) | 540 | |||||||||||||||
Cumulative translation adjustment | (19,690 | ) | (10,482 | ) | ||||||||||||||
Total stockholders’ investment | $ | (23,719 | ) | $ | (9,942 | ) | ||||||||||||
Revenue Recognition | ||||||||||||||||||
In general, we recognize revenue when it is both realized or realizable and earned. We consider revenue to be realized or realizable and earned when the following conditions exist: there is persuasive evidence of an arrangement, generally a client contract exists; the services or products have been performed or delivered to the client; the sales price is fixed or determinable; and collection is probable. More specifically, revenue from helicopter services is recognized based on contractual rates as the related services are performed. The charges under these contracts are generally based on a two-tier rate structure consisting of a daily or monthly fixed fee plus additional fees for each hour flown. These contracts are for varying periods and generally permit the client to cancel the contract before the end of the term. We also provide services to clients on an “ad hoc” basis, which usually entails a shorter contract notice period and duration. The charges for ad hoc services are based on an hourly rate or a daily or monthly fixed fee plus additional fees for each hour flown. In order to offset potential increases in operating costs, our long-term contracts may provide for periodic increases in the contractual rates charged for our services. We recognize the impact of these rate increases when the criteria outlined above have been met. This generally includes written recognition from the clients that they are in agreement with the amount of the rate escalation. Cost reimbursements from clients are recorded as reimbursable revenue with the related reimbursed costs recorded as reimbursable expense on our condensed consolidated statements of income. | ||||||||||||||||||
Bristow Academy, our helicopter training business unit, primarily earns revenue from military training, flight training provided to individual students and ground school courses. We recognize revenue from these sources using the same revenue recognition principles described above as services are provided. We consider revenue to be realized or realizable and earned when the following conditions exist: there is persuasive evidence of an arrangement, generally a contract exists; the services have been performed or delivered to the client or student; the sales price is fixed and determinable; and collection has occurred or is probable. | ||||||||||||||||||
Eastern Airways International Limited ("Eastern Airways") primarily earns revenue through charter and scheduled airline services and provision of airport services. Both chartered and scheduled revenue is recognized net of passenger taxes and discounts. Revenue is recognized at the earlier of the period in which the service is provided or the period in which the right to travel expires, which is determined by the terms and conditions of the ticket. Ticket sales are recorded within deferred revenue until recognized as revenue in accordance with the above policy. Airport services revenue is recognized when earned. | ||||||||||||||||||
Interest Expense, Net | ||||||||||||||||||
During the three and six months ended September 30, 2014 and 2013, interest expense, net consisted of the following (in thousands): | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
Interest income | $ | 386 | $ | 762 | $ | 622 | $ | 881 | ||||||||||
Interest expense | (7,958 | ) | (9,078 | ) | (15,321 | ) | (29,448 | ) | ||||||||||
Interest expense, net | $ | (7,572 | ) | $ | (8,316 | ) | $ | (14,699 | ) | $ | (28,567 | ) | ||||||
Interest expense for the three and six months ended September 30, 2014, respectively, includes the write-off of deferred financing fees of $0.3 million and $0.4 million related to the repurchase of $20.0 million and $31.2 million principal amount of our 6 ¼% Senior Notes due 2022 (the "6 ¼% Senior Notes"). Interest expense for the six months ended September 30, 2013 includes the write-off of $12.7 million of deferred financing fees related to a potential financing that was cancelled in a prior period. For further details on the repurchase of the 6 ¼% Senior Notes, see Note 3. | ||||||||||||||||||
Gain on Sale of Unconsolidated Affiliate | ||||||||||||||||||
On July 14, 2013, we sold our 50% interest in each of FBS Limited, FB Heliservices Limited and FB Leasing Limited, collectively referred to as the FB Entities, for £74 million or approximately $112.2 million. We recorded a pre-tax gain on the sale of unconsolidated affiliate of $103.9 million during the three and six months ended September 30, 2014 on our condensed consolidated statements of income. | ||||||||||||||||||
Other Income (Expense), Net | ||||||||||||||||||
In addition to foreign currency transaction gains (losses) discussed above, other income (expense), net includes expense of $1.0 million and $1.9 million related to premiums paid for the repurchase of a portion of the 6 ¼% Senior Notes during the three and six months ended September 30, 2014, respectively. Other income (expense), net for the three and six months ended September 30, 2013 also includes $1.1 million of income for the sale of intellectual property. | ||||||||||||||||||
Accounts Receivable | ||||||||||||||||||
As of September 30 and March 31, 2014, the allowance for doubtful accounts for non-affiliates was $0.5 million and $5.0 million, respectively. The allowance as of March 31, 2014 primarily related to amounts due from ATP Oil and Gas Corporation, a client in the U.S. Gulf of Mexico, as a result of its filing for bankruptcy. During the six months ended September 30, 2014, the allowance recorded for ATP was reversed as we settled outstanding matters related to ongoing bankruptcy proceedings, which resulted in a $4.4 million reduction in bad debt expense, included within direct cost on our condensed consolidated statements of income. The remaining amount of $0.5 million related to ATP was written off as no further settlement is expected. As of September 30 and March 31, 2014, there were no allowances for doubtful accounts related to accounts receivable due from affiliates. | ||||||||||||||||||
Inventories | ||||||||||||||||||
As of September 30 and March 31, 2014, inventories were net of allowances of $43.0 million and $46.0 million, respectively. During the three and six months ended September 30, 2014, we increased our inventory allowance by $3.4 million related to excess inventory identified for an older large aircraft model we plan to remove from our operational fleet over the next two fiscal years. During the six months ended September 30, 2013, we increased our inventory allowance by $2.4 million as a result of our review of excess inventory on aircraft model types we ceased ownership of or classified all or a significant portion of as held for sale; $1.5 million of this allowance was recorded during the three months ended September 30, 2013. A majority of this allowance recorded related to small aircraft types operating primarily in our North America business unit as a result of a move toward operating a fleet of mostly large and medium aircraft in this market. | ||||||||||||||||||
Prepaid Expenses and Other Current Assets | ||||||||||||||||||
As of September 30 and March 31, 2014, prepaid expenses and other current assets included the short-term portion of contract acquisition and pre-operating costs totaling $2.1 million and $5.5 million, respectively, related to the search and rescue (“SAR”) contracts in the U.K. and a client contract in Norway, which are recoverable under the contracts and will be expensed over the terms of the contracts. | ||||||||||||||||||
Other Assets | ||||||||||||||||||
As of September 30 and March 31, 2014, other assets included the long-term portion of contract acquisition and pre-operating costs totaling $23.8 million and $15.2 million, respectively, related to the SAR contracts in the U.K. and a client contract in Norway and these amounts will be expensed over the term of the contracts. | ||||||||||||||||||
Property and Equipment and Assets Held for Sale | ||||||||||||||||||
During the three and six months ended September 30, 2014 and 2013, we made capital expenditures as follows: | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
Number of aircraft delivered: | ||||||||||||||||||
Medium | — | 3 | 3 | 5 | ||||||||||||||
Large | 2 | 2 | 8 | 5 | ||||||||||||||
Total aircraft | 2 | 5 | 11 | 10 | ||||||||||||||
Capital expenditures (in thousands): | ||||||||||||||||||
Aircraft and related equipment (1) | $ | 65,386 | $ | 145,653 | $ | 237,484 | $ | 312,880 | ||||||||||
Other | 36,286 | 14,374 | 64,635 | 26,679 | ||||||||||||||
Total capital expenditures | $ | 101,672 | $ | 160,027 | $ | 302,119 | $ | 339,559 | ||||||||||
_____________ | ||||||||||||||||||
(1) | During the three months ended September 30, 2014 and 2013, we spent $48.0 million and $139.4 million, respectively, and during the six months ended September 30, 2014 and 2013, we spent $211.3 million and $301.0 million, respectively, on construction in progress, which primarily represents progress payments on aircraft to be delivered in future periods. | |||||||||||||||||
Additionally, the following table presents details on the aircraft sold or disposed of and impairments on assets held for sale during the three and six months ended September 30, 2014 and 2013: | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
(In thousands, except for number of aircraft) | ||||||||||||||||||
Number of aircraft sold or disposed of (1) | 21 | 11 | 25 | 15 | ||||||||||||||
Proceeds from sale or disposal of assets (1) | $ | 391,001 | $ | 153,710 | $ | 397,644 | $ | 155,603 | ||||||||||
Gain (loss) from sale or disposal of assets | $ | 685 | $ | (2,114 | ) | $ | 3,874 | $ | (2,605 | ) | ||||||||
Number of aircraft impaired | 2 | 1 | 6 | 3 | ||||||||||||||
Impairment charges on aircraft held for sale | $ | (558 | ) | $ | (950 | ) | $ | (3,137 | ) | $ | (2,180 | ) | ||||||
_____________ | ||||||||||||||||||
(1) | During the three and six months ended September 30, 2014 and 2013, 14 and 7 of these aircraft were leased back, and we received $380.7 million and $145.6 million, respectively, in proceeds for these aircraft. We did not enter into any sale leaseback transactions during the three months ended June 30, 2014 and 2013. | |||||||||||||||||
Effective April 1, 2014, we changed the useful lives of certain non-aircraft assets. These changes impact our depreciation on the assets and were driven by our annual review of useful lives. During the six months ended September 30, 2014, we recorded a $1.8 million reduction in depreciation expense as a result of this change in useful lives. | ||||||||||||||||||
Deferred Sale Leaseback Advance | ||||||||||||||||||
As of September 30 and March 31, 2014, respectively, we had a total deferred sale leaseback advance of $138.0 million and $166.3 million, of which the current portion is included in deferred sale leaseback advance ($138.0 million and $136.9 million) and the long-term portion is included in other liabilities and deferred credits (zero and $29.4 million) on our condensed consolidated balance sheets. During fiscal year 2014, we received payment of approximately $106.1 million for progress payments we had made on seven aircraft under construction, and we assigned any future payments due on these construction agreements to the purchaser. As we have the obligation and intent to lease the aircraft back from the purchaser upon completion, we recorded a liability equal to the cash received and additional payments made by the purchaser thus far totaling $102.9 million, with a corresponding increase to construction in progress. During the three and six months ended September 30, 2014, we took delivery and entered into leases for two of these aircraft, and removed a total of $73.1 million and $72.8 million, respectively, from construction in progress and deferred sale leaseback advance, current from our condensed consolidated balance sheet. We will continue to increase both construction in progress and deferred sale leaseback advance, current or long-term, until we lease the remaining five aircraft, at which time the construction in progress and the liabilities will also be removed from our condensed consolidated balance sheet for those aircraft. | ||||||||||||||||||
Recent Accounting Pronouncement | ||||||||||||||||||
In May 2014, the Financial Accounting Standards Board (the “FASB”) issued accounting guidance on revenue recognition for revenue from contracts with customers. This guidance requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers and will replace most existing revenue recognition guidance when it becomes effective. This new standard is effective for annual reporting periods beginning after December 15, 2016. Early application is not permitted and the standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect this standard will have on our financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting. |
VARIABLE_INTEREST_ENTITIES_AND
VARIABLE INTEREST ENTITIES AND OTHER INVESTMENTS IN SIGNIFICANT AFFILIATES | 6 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Variable Interest Entities and Other Investments in Significant Affiliates [Abstract] | ' | ||||||||||||||||||
VARIABLE INTEREST ENTITIES | ' | ||||||||||||||||||
VARIABLE INTEREST ENTITIES AND INVESTMENTS IN OTHER SIGNIFICANT AFFILIATES | |||||||||||||||||||
VIEs | |||||||||||||||||||
A Variable Interest Entity (“VIE”) is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support or (ii) has equity investors who lack the characteristics of a controlling financial interest. A VIE is consolidated by its primary beneficiary. The primary beneficiary has both the power to direct the activities that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the VIE. If we determine that we have operating power and the obligation to absorb losses or receive benefits, we consolidate the VIE as the primary beneficiary, and if not, we do not consolidate. | |||||||||||||||||||
As of September 30, 2014, we had interests in four VIEs of which we were the primary beneficiary, which are described below, and had no interests in VIEs of which we were not the primary beneficiary. See Note 3 to the fiscal year 2014 Financial Statements for a description of other investments in significant affiliates. | |||||||||||||||||||
Bristow Aviation Holdings Limited — We own 49% of Bristow Aviation Holdings Limited’s (“Bristow Aviation”) common stock and a significant amount of its subordinated debt. Bristow Aviation is incorporated in England and holds all of the outstanding shares in Bristow Helicopters Limited (“Bristow Helicopters”). Bristow Aviation's subsidiaries provide helicopter services to clients primarily in the U.K, Norway, Australia, Nigeria and Trinidad. Bristow Aviation is organized with three different classes of ordinary shares having disproportionate voting rights. The Company, Caledonia Investments plc (“Caledonia”) and a European Union investor (the “E.U. Investor”) own 49%, 46% and 5%, respectively, of Bristow Aviation’s total outstanding ordinary shares, although Caledonia has voting control over the E.U. Investor’s shares. | |||||||||||||||||||
In addition to our ownership of 49% of Bristow Aviation’s outstanding ordinary shares, in May 2004, we acquired eight million shares of deferred stock, essentially a subordinated class of stock with no voting rights, from Bristow Aviation for £1 per share ($14.4 million in total). We also have £91.0 million ($147.5 million) principal amount of subordinated unsecured loan stock (debt) of Bristow Aviation bearing interest at an annual rate of 13.5% and payable semi-annually. Payment of interest on such debt has been deferred since its incurrence in 1996. Deferred interest accrues at an annual rate of 13.5% and aggregated $1.4 billion as of September 30, 2014. | |||||||||||||||||||
The Company, Caledonia, the E.U. Investor and Bristow Aviation have entered into a shareholder agreement respecting, among other things, the composition of the board of directors of Bristow Aviation. On matters coming before Bristow Aviation’s board, Caledonia’s representatives have a total of three votes and the two other directors have one vote each. In addition, Caledonia has the right to nominate two persons to our board of directors and to replace any such directors so nominated. | |||||||||||||||||||
Caledonia, the Company and the E.U. Investor also have entered into a put/call agreement under which, upon giving specified prior notice, we have the right to buy all the Bristow Aviation shares held by Caledonia and the E.U. Investor, who, in turn, have the right to require us to purchase such shares. Under current English law, we would be required, in order for Bristow Aviation to retain its operating license, to find a qualified E.U. investor to own any Bristow Aviation shares we have the right to acquire under the put/call agreement. The only restriction under the put/call agreement limiting our ability to exercise the put/call option is a requirement to consult with the Civil Aviation Authority (the “CAA”) in the U.K. regarding the suitability of the new holder of the Bristow Aviation shares. The put/call agreement does not contain any provisions should the CAA not approve the new E.U. investor. However, we would work diligently to find an E.U. investor suitable to the CAA. The amount by which we could purchase the shares of the other investors holding 51.0% of the equity of Bristow Aviation is fixed under the terms of the call option, and we have reflected this amount on our condensed consolidated balance sheets in noncontrolling interests. | |||||||||||||||||||
Furthermore, the call option provides a mechanism whereby the economic risk for the other investors is limited should the financial condition of Bristow Aviation deteriorate. The call option price is the nominal value of the ordinary shares held by the noncontrolling shareholders (£1.0 million as of September 30, 2014) plus an annual guaranteed rate of return less any prepayments of such call option price and any dividends paid on the shares concerned. We can elect to pre-pay the guaranteed return element of the call option price wholly or in part without exercising the call option. No dividends have been paid. We have accrued the annual return due to the other shareholders at a rate of sterling LIBOR plus 3% (prior to May 2004, the rate was fixed at 12%) by recognizing noncontrolling interest expense on our condensed consolidated statements of income, with a corresponding increase in noncontrolling interests on our condensed consolidated balance sheets. Prepayments of the guaranteed return element of the call option are reflected as a reduction in noncontrolling interests on our condensed consolidated balance sheets. The other investors have an option to put their shares in Bristow Aviation to us. The put option price is calculated in the same way as the call option price except that the guaranteed rate for the period to April 2004 was 10% per annum. If the put option is exercised, any pre-payments of the call option price are set off against the put option price. | |||||||||||||||||||
Bristow Aviation and its subsidiaries are exposed to similar operational risks and are therefore monitored and evaluated on a similar basis by management. Accordingly, the financial information reflected on our condensed consolidated balance sheets and statements of income for Bristow Aviation and subsidiaries is presented in the aggregate, including intercompany amounts with other consolidated entities, as follows (in thousands): | |||||||||||||||||||
September 30, | March 31, | ||||||||||||||||||
2014 | 2014 | ||||||||||||||||||
Assets | |||||||||||||||||||
Cash and cash equivalents | $ | 124,037 | $ | 173,490 | |||||||||||||||
Accounts receivable | 381,721 | 311,641 | |||||||||||||||||
Inventories | 96,551 | 94,288 | |||||||||||||||||
Prepaid expenses and other current assets | 77,883 | 45,791 | |||||||||||||||||
Total current assets | 680,192 | 625,210 | |||||||||||||||||
Investment in unconsolidated affiliates | 1,321 | 1,414 | |||||||||||||||||
Property and equipment, net | 234,041 | 217,969 | |||||||||||||||||
Goodwill | 40,055 | 41,218 | |||||||||||||||||
Other assets | 51,840 | 45,477 | |||||||||||||||||
Total assets | $ | 1,007,449 | $ | 931,288 | |||||||||||||||
Liabilities | |||||||||||||||||||
Accounts payable | $ | 270,915 | $ | 182,892 | |||||||||||||||
Accrued liabilities | 122,404 | 113,820 | |||||||||||||||||
Accrued interest | 1,390,337 | 1,291,581 | |||||||||||||||||
Deferred taxes | 1,631 | 3,588 | |||||||||||||||||
Current maturities of long-term debt | 6,854 | 9,664 | |||||||||||||||||
Total current liabilities | 1,792,141 | 1,601,545 | |||||||||||||||||
Long-term debt, less current maturities | 165,072 | 172,391 | |||||||||||||||||
Accrued pension liabilities | 71,815 | 86,824 | |||||||||||||||||
Other liabilities and deferred credits | 8,714 | 2,252 | |||||||||||||||||
Deferred taxes | 10,820 | 13,062 | |||||||||||||||||
Temporary equity | 24,264 | 22,283 | |||||||||||||||||
Total liabilities | $ | 2,072,826 | $ | 1,898,357 | |||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Revenue | $ | 391,615 | $ | 330,006 | $ | 775,432 | $ | 641,807 | |||||||||||
Operating income | 7,018 | 18,536 | 23,718 | 27,667 | |||||||||||||||
Net income (loss) (1) | (47,767 | ) | 81,236 | (85,348 | ) | 48,886 | |||||||||||||
_____________ | |||||||||||||||||||
(1) | During the three months ended September 30, 2013, we sold our 50% interest in the FB Entities and recorded a pre-tax gain of $103.9 million. | ||||||||||||||||||
Bristow Helicopters Nigeria Ltd. — Bristow Helicopters Nigeria Ltd. (“BHNL”) is a joint venture in Nigeria in which Bristow Helicopters owned a 40% interest, unrelated local Nigerian partners together owned a 10% interest, a Nigerian company owned 100% by Nigerian employees owned a 48% interest and an employee trust fund owned the remaining 2% interest as of September 30, 2014. BHNL provides helicopter services to clients in Nigeria. | |||||||||||||||||||
In order to be able to bid competitively for our services in the Nigerian market, we were required to identify local citizens to participate in the ownership of entities domiciled in the region. However, these owners do not have extensive knowledge of the aviation industry and have historically deferred to our expertise in the overall management and day-to-day operation of BHNL (including the establishment of operating and capital budgets and strategic decisions regarding the potential expansion of BHNL’s operations). We have also historically provided subordinated financial support to BHNL and will need to continue to do so unless and until BHNL acquires sufficient equity to permit itself to finance its activities without that additional support from us. As we have the power to direct the most significant activities affecting the economic performance and ongoing success of BHNL and hold a variable interest in the entity in the form of our equity investment and working capital infusions, we consolidate BHNL as the primary beneficiary. The employee-owned Nigerian entity referenced above purchased a 19% interest in BHNL in December 2013 with proceeds from a loan received from BGI Aviation Technical Services Nigeria Limited ("BATS"). In July 2014, the employee-owned Nigerian entity purchased an additional 29% interest with proceeds from a loan received from Bristow Helicopters (International Limited) ("BHIL"). Both BATS and BHIL are wholly-owned subsidiaries of Bristow Aviation. The employee-owned Nigerian entity is also a VIE that we consolidate as the primary beneficiary; we eliminate the loans discussed above in consolidation. | |||||||||||||||||||
BHNL is an indirect subsidiary of Bristow Aviation; therefore, financial information for this entity is included within the amounts for Bristow Aviation and its subsidiaries presented above. | |||||||||||||||||||
Pan African Airlines Nigeria Ltd. — Pan African Airlines Nigeria Ltd. (“PAAN”) is a joint venture in Nigeria with local partners, in which we own a 50.17% interest. PAAN provides helicopter services to clients in Nigeria. | |||||||||||||||||||
The activities that most significantly impact PAAN’s economic performance relate to the day-to-day operation of PAAN, setting the operating and capital budgets, and strategic decisions regarding the potential expansion of PAAN’s operations. Throughout the history of PAAN, our representation on the board and our secondment to PAAN of its managing director has enabled us to direct the key operational decisions of PAAN (without objection from the other board members). We have also historically provided subordinated financial support to PAAN. As we have the power to direct the most significant activities affecting the economic performance and ongoing success of PAAN and hold a variable interest in the form of our equity investment and working capital infusions, we consolidate PAAN as the primary beneficiary. However, as long as we own a majority interest in PAAN, the separate presentation of financial information in a tabular format for PAAN is not required. | |||||||||||||||||||
Investments in Other Significant Affiliates | |||||||||||||||||||
Effective May 28, 2014, our ownership interest in Líder in Brazil was reduced from 42.5% to 41.9% as a result of Líder's issuance of additional shares to improve tax and cost-saving efficiencies. This transaction resulted in no material impact to our condensed consolidated financial statements. |
DEBT
DEBT | 6 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||
DEBT | ' | ||||||||||||||||||
DEBT | |||||||||||||||||||
Debt as of September 30 and March 31, 2014 consisted of the following (in thousands): | |||||||||||||||||||
September 30, | March 31, | ||||||||||||||||||
2014 | 2014 | ||||||||||||||||||
6¼% Senior Notes due 2022 | $ | 418,770 | $ | 450,000 | |||||||||||||||
Term Loan | 224,396 | 226,604 | |||||||||||||||||
3% Convertible Senior Notes due 2038, including $3.0 million and $5.1 million of unamortized discount, respectively | 111,971 | 109,904 | |||||||||||||||||
Revolving Credit Facility | — | 24,000 | |||||||||||||||||
Eastern Airways debt | 23,855 | 29,911 | |||||||||||||||||
Other | 542 | 883 | |||||||||||||||||
Total debt | 779,534 | 841,302 | |||||||||||||||||
Less short-term borrowings and current maturities of long-term debt | (13,669 | ) | (14,207 | ) | |||||||||||||||
Total long-term debt | $ | 765,865 | $ | 827,095 | |||||||||||||||
6 ¼% Senior Notes due 2022 — During the three and six months ended September 30, 2014, respectively, we repurchased $20.0 million and $31.2 million principal amount of the 6 ¼% Senior Notes in the open market at 105% to 105.25% and at 105% to 107.75%, plus accrued interests for a total of $21.6 million and $33.7 million. In connection with this repurchase, during the three and six months ended September 30, 2014, respectively, we incurred $1.0 million and $1.9 million in premium and fees, which is included in other income (expense), net on our condensed consolidated statements of income, and wrote-off $0.3 million and $0.4 million of unamortized deferred financing fees, which is included in interest expense, net on our condensed consolidated statements of income. | |||||||||||||||||||
Subsequently, during October 2014, we repurchased an additional $17.2 million principal amount of our 6 ¼% Senior Notes in the open market at 103.75% to 104.25% plus accrued interest for a total of $18.3 million. | |||||||||||||||||||
3% Convertible Senior Notes due 2038 —The balances of the debt and equity components of the 3% Convertible Senior Notes due 2038 (the “3% Convertible Senior Notes”) as of September 30 and March 31, 2014 are as follows (in thousands): | |||||||||||||||||||
September 30, | March 31, | ||||||||||||||||||
2014 | 2014 | ||||||||||||||||||
Equity component – net carrying value | $ | 14,905 | $ | 14,905 | |||||||||||||||
Debt component: | |||||||||||||||||||
Face amount due at maturity | $ | 115,000 | $ | 115,000 | |||||||||||||||
Unamortized discount | (3,029 | ) | (5,096 | ) | |||||||||||||||
Debt component – net carrying value | $ | 111,971 | $ | 109,904 | |||||||||||||||
The remaining debt discount is being amortized into interest expense over the expected remaining life of the 3% Convertible Senior Notes to June 2015 (the first put date) using the effective interest rate. The effective interest rate for the three and six months ended September 30, 2014 and 2013 was 6.9%. Interest expense related to our 3% Convertible Senior Notes for the three and six months ended September 30, 2014 and 2013 was as follows (in thousands): | |||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Contractual coupon interest | $ | 863 | $ | 863 | $ | 1,726 | $ | 1,726 | |||||||||||
Amortization of debt discount | 1,048 | 789 | 2,067 | 1,710 | |||||||||||||||
Total interest expense | $ | 1,911 | $ | 1,652 | $ | 3,793 | $ | 3,436 | |||||||||||
Term Loan and Revolving Credit Facility — During the six months ended September 30, 2014, we had borrowings of $218.0 million and made payments of $242.0 million under the Revolving Credit Facility. Additionally, we paid $2.3 million to reduce our borrowings under the Term Loan. As of September 30, 2014, we had $0.5 million in letters of credit outstanding under the Revolving Credit Facility. |
FAIR_VALUE_DISCLOSURES
FAIR VALUE DISCLOSURES | 6 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||
FAIR VALUE DISCLOSURES | ' | ||||||||||||||||||||||||
FAIR VALUE DISCLOSURES | |||||||||||||||||||||||||
Assets and liabilities subject to fair value measurement are categorized into one of three different levels depending on the observability of the inputs employed in the measurement, as follows: | |||||||||||||||||||||||||
• | Level 1 – observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. | ||||||||||||||||||||||||
• | Level 2 – inputs that reflect quoted prices for identical assets or liabilities in markets which are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the asset or liability; or inputs that are derived principally from or corroborated by observable market data by correlation or other means. | ||||||||||||||||||||||||
• | Level 3 – unobservable inputs reflecting the Company’s own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available. | ||||||||||||||||||||||||
Non-recurring Fair Value Measurements | |||||||||||||||||||||||||
The majority of our non-financial assets, which include inventories, property and equipment, assets held for sale, goodwill and other intangible assets, are not required to be carried at fair value on a recurring basis. However, if certain triggering events occur such that a non-financial asset is required to be evaluated for impairment and deemed to be impaired, the impaired non-financial asset is recorded at its fair value. | |||||||||||||||||||||||||
The following table summarizes the assets as of September 30, 2014, valued at fair value on a non-recurring basis (in thousands): | |||||||||||||||||||||||||
Quoted Prices in Active | Significant Other | Significant | Balance as of | Total | Total | ||||||||||||||||||||
Markets for | Observable Inputs | Unobservable | September 30, | Loss for the | Loss for the | ||||||||||||||||||||
Identical Assets | (Level 2) | Inputs | 2014 | Three Months | Six Months | ||||||||||||||||||||
(Level 1) | (Level 3) | Ended | Ended | ||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2014 | 2014 | ||||||||||||||||||||||||
Inventories | $ | — | $ | 19,446 | $ | — | $ | 19,446 | $ | (3,362 | ) | $ | (3,362 | ) | |||||||||||
Assets held for sale | — | 4,650 | — | 4,650 | (558 | ) | (3,137 | ) | |||||||||||||||||
Total assets | $ | — | $ | 24,096 | $ | — | $ | 24,096 | $ | (3,920 | ) | $ | (6,499 | ) | |||||||||||
The following table summarizes the assets as of September 30, 2013, valued at fair value on a non-recurring basis (in thousands): | |||||||||||||||||||||||||
Quoted Prices in Active | Significant Other | Significant | Balance as of | Total | Total | ||||||||||||||||||||
Markets for | Observable Inputs | Unobservable | September 30, | Loss for the | Loss for the | ||||||||||||||||||||
Identical Assets | (Level 2) | Inputs | 2013 | Three Months | Six Months | ||||||||||||||||||||
(Level 1) | (Level 3) | Ended | Ended | ||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2013 | ||||||||||||||||||||||||
Inventories | $ | — | $ | 18,365 | $ | — | $ | 18,365 | $ | (1,539 | ) | $ | (2,364 | ) | |||||||||||
Assets held for sale | — | 3,367 | — | 3,367 | (950 | ) | (2,180 | ) | |||||||||||||||||
Total assets | $ | — | $ | 21,732 | $ | — | $ | 21,732 | $ | (2,489 | ) | $ | (4,544 | ) | |||||||||||
The fair value of inventories using Level 2 inputs is determined by evaluating the current economic conditions for sale and disposal of spare parts, which includes estimates as to the recoverability of the carrying value of the parts based on historical experience with sales and disposal of similar spare parts, the expected timeframe of sales or disposals, the location of the spare parts to be sold and the condition of the spare parts to be sold or otherwise disposed of. The fair value of assets held for sale using Level 2 inputs is determined through evaluation of expected sales proceeds for aircraft. This analysis includes estimates based on historical experience with sales, recent transactions involving similar assets, quoted market prices for similar assets and condition and location of aircraft to be sold or otherwise disposed of. The loss for the three and six months ended September 30, 2014 related to two and six aircraft held for sale, respectively, and the loss for the three and six months ended September 30, 2013 related to one and three aircraft held for sale, respectively. | |||||||||||||||||||||||||
Recurring Fair Value Measurements | |||||||||||||||||||||||||
The following table summarizes the financial instruments we had as of September 30, 2014, valued at fair value on a recurring basis (in thousands): | |||||||||||||||||||||||||
Quoted Prices | Significant | Significant | Balance as of | Balance Sheet | |||||||||||||||||||||
in Active | Other | Unobservable | September 30, | Classification | |||||||||||||||||||||
Markets for | Observable | Inputs | 2014 | ||||||||||||||||||||||
Identical | Inputs | (Level 3) | |||||||||||||||||||||||
Assets | (Level 2) | ||||||||||||||||||||||||
(Level 1) | |||||||||||||||||||||||||
Rabbi Trust investments | $ | 5,413 | $ | — | $ | — | $ | 5,413 | Other assets | ||||||||||||||||
Total assets | $ | 5,413 | $ | — | $ | — | $ | 5,413 | |||||||||||||||||
Contingent consideration: (1) | |||||||||||||||||||||||||
Current | $ | — | $ | — | $ | 7,770 | $ | 7,770 | Other accrued liabilities | ||||||||||||||||
Long-term | — | — | 23,886 | 23,886 | Other liabilities and deferred credits | ||||||||||||||||||||
Total liabilities | $ | — | $ | — | $ | 31,656 | $ | 31,656 | |||||||||||||||||
______________ | |||||||||||||||||||||||||
(1) | Relates to our investment in Cougar Helicopters Inc. (“Cougar”). For further details on the Cougar investment, see Note 3 to the fiscal year 2014 Financial Statements. | ||||||||||||||||||||||||
The following table summarizes the financial instruments we had as of March 31, 2014, valued at fair value on a recurring basis (in thousands): | |||||||||||||||||||||||||
Quoted Prices | Significant | Significant | Balance as of | Balance Sheet | |||||||||||||||||||||
in Active | Other | Unobservable | March 31, | Classification | |||||||||||||||||||||
Markets for | Observable | Inputs | 2014 | ||||||||||||||||||||||
Identical | Inputs | (Level 3) | |||||||||||||||||||||||
Assets | (Level 2) | ||||||||||||||||||||||||
(Level 1) | |||||||||||||||||||||||||
Rabbi Trust investments | $ | 6,599 | $ | — | $ | — | $ | 6,599 | Other assets | ||||||||||||||||
Total assets | $ | 6,599 | $ | — | $ | — | $ | 6,599 | |||||||||||||||||
Contingent consideration: (1) | |||||||||||||||||||||||||
Current | $ | — | $ | — | $ | 7,652 | $ | 7,652 | Other accrued liabilities | ||||||||||||||||
Long-term | — | — | 23,670 | 23,670 | Other liabilities and deferred credits | ||||||||||||||||||||
Total liabilities | $ | — | $ | — | $ | 31,322 | $ | 31,322 | |||||||||||||||||
______________ | |||||||||||||||||||||||||
(1) | Relates to our investment in Cougar. For further details on the Cougar investment, see Note 3 to the fiscal year 2014 Financial Statements. | ||||||||||||||||||||||||
The rabbi trust investments consist of cash and mutual funds whose fair value are based on quoted prices in active markets for identical assets, and are designated as Level 1 within the valuation hierarchy. The rabbi trust holds investments related to our non-qualified deferred compensation plan for our senior executives. | |||||||||||||||||||||||||
The following table provides a rollforward of the contingent consideration liability Level 3 fair value measurements during the six months ended September 30, 2014 (in thousands): | |||||||||||||||||||||||||
Significant | |||||||||||||||||||||||||
Unobservable | |||||||||||||||||||||||||
Inputs (Level 3) | |||||||||||||||||||||||||
Balance as of March 31, 2014 | $ | 31,322 | |||||||||||||||||||||||
Change in fair value of contingent consideration | 334 | ||||||||||||||||||||||||
Balance as of September 30, 2014 | $ | 31,656 | |||||||||||||||||||||||
We assess the estimated fair value of the contractual obligation to pay the contingent consideration on a quarterly basis and any changes in estimated fair value are recorded as accretion expense included in depreciation and amortization on our condensed consolidated statements of income. Fluctuations in the fair value of contingent consideration are impacted by two unobservable inputs, management's estimate of the probability of Cougar achieving certain agreed performance targets and the estimated discount rate. As of September 30 and March 31, 2014, the discount rate approximated 5% and 4%, respectively. | |||||||||||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||||||||||
The fair value of our financial instruments has been estimated in accordance with the accounting standard regarding fair value. The fair value of our fixed rate long-term debt is estimated based on quoted market prices. The carrying and fair value of our long-term debt, including the current portion, are as follows (in thousands): | |||||||||||||||||||||||||
30-Sep-14 | 31-Mar-14 | ||||||||||||||||||||||||
Carrying | Fair Value | Carrying | Fair Value | ||||||||||||||||||||||
Value | Value | ||||||||||||||||||||||||
6¼% Senior Notes | $ | 418,770 | $ | 434,474 | $ | 450,000 | $ | 477,000 | |||||||||||||||||
Term Loan | 224,396 | 224,396 | 226,604 | 226,604 | |||||||||||||||||||||
3% Convertible Senior Notes | 111,971 | 123,775 | 109,904 | 142,382 | |||||||||||||||||||||
Revolving Credit Facility | — | — | 24,000 | 24,000 | |||||||||||||||||||||
Eastern Airways debt | 23,855 | 23,855 | 29,911 | 29,911 | |||||||||||||||||||||
Other | 542 | 542 | 883 | 883 | |||||||||||||||||||||
$ | 779,534 | $ | 807,042 | $ | 841,302 | $ | 900,780 | ||||||||||||||||||
Other | |||||||||||||||||||||||||
The fair values of our cash and cash equivalents, accounts receivable and accounts payable approximate their carrying values due to the short-term nature of these items. |
COMMITMENTS_AND_CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 6 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||||||||||||||
COMMITMENTS AND CONTINGENCIES | ' | ||||||||||||||||||||||||
COMMITMENTS AND CONTINGENCIES | |||||||||||||||||||||||||
Aircraft Purchase Contracts — As shown in the table below, we expect to make additional capital expenditures over the next five fiscal years to purchase additional aircraft. As of September 30, 2014, we had 35 aircraft on order and options to acquire an additional 48 aircraft. Although a similar number of our existing aircraft may be sold during the same period, the additional aircraft on order will provide incremental fleet capacity in terms of revenue and operating income. As discussed in the fiscal year 2014 Financial Statements, we were awarded a contract to provide civilian SAR services for all of the U.K. The SAR configured aircraft on order in the table below are intended to service this contract and other SAR contracts. | |||||||||||||||||||||||||
Six Months Ending March 31, 2015 | Fiscal Year Ending March 31, | ||||||||||||||||||||||||
2016 | 2017 | 2018 | 2019 and thereafter | Total | |||||||||||||||||||||
Commitments as of September 30, 2014: (1)(4) | |||||||||||||||||||||||||
Number of aircraft: | |||||||||||||||||||||||||
Medium | — | 7 | — | — | — | 7 | |||||||||||||||||||
Large (2) | 2 | 9 | 6 | — | — | 17 | |||||||||||||||||||
SAR configured | 5 | 6 | — | — | — | 11 | |||||||||||||||||||
7 | 22 | 6 | — | — | 35 | ||||||||||||||||||||
Related expenditures (in thousands)(3)(4) | |||||||||||||||||||||||||
Medium and large | $ | 74,420 | $ | 284,874 | $ | 71,606 | $ | — | $ | — | $ | 430,900 | |||||||||||||
SAR configured | 90,640 | 99,690 | — | — | — | 190,330 | |||||||||||||||||||
$ | 165,060 | $ | 384,564 | $ | 71,606 | $ | — | $ | — | $ | 621,230 | ||||||||||||||
Options as of September 30, 2014: | |||||||||||||||||||||||||
Number of aircraft: | |||||||||||||||||||||||||
Medium | — | 4 | 7 | 7 | — | 18 | |||||||||||||||||||
Large (2) | — | 3 | 12 | 12 | 3 | 30 | |||||||||||||||||||
— | 7 | 19 | 19 | 3 | 48 | ||||||||||||||||||||
Related expenditures (in thousands)(3) | $ | 34,458 | $ | 224,754 | $ | 401,642 | $ | 280,152 | $ | 37,966 | $ | 978,972 | |||||||||||||
______ | |||||||||||||||||||||||||
(1) | Signed client contracts are currently in place that will utilize 15 of these aircraft. | ||||||||||||||||||||||||
(2) | Five large aircraft on order and seven large aircraft under options expected to enter service between fiscal years 2017 and 2019 are subject to the successful development and certification of the aircraft. | ||||||||||||||||||||||||
(3) | Includes progress payments on aircraft scheduled to be delivered in future periods. | ||||||||||||||||||||||||
(4) | Excludes commitments related to sales leaseback advance. See Note 1 for further details. | ||||||||||||||||||||||||
The following chart presents an analysis of our aircraft orders and options during fiscal year 2015: | |||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
30-Sep-14 | 30-Jun-14 | ||||||||||||||||||||||||
Orders | Options | Orders | Options | ||||||||||||||||||||||
Beginning of period | 37 | 51 | 43 | 55 | |||||||||||||||||||||
Aircraft delivered | (2 | ) | — | (9 | ) | — | |||||||||||||||||||
Exercised options | — | — | 3 | (3 | ) | ||||||||||||||||||||
Expired options | — | (3 | ) | — | (1 | ) | |||||||||||||||||||
End of period | 35 | 48 | 37 | 51 | |||||||||||||||||||||
We periodically purchase aircraft for which we have no orders. | |||||||||||||||||||||||||
Operating Leases — We have non-cancelable operating leases in connection with the lease of certain equipment, land and facilities, including leases for aircraft. Rental expense incurred under all operating leases was $35.4 million and $23.3 million for the three months ended September 30, 2014 and 2013, respectively, and $68.6 million and $46.4 million for the six months ended September 30, 2014 and 2013, respectively. Rental expense incurred under operating leases for aircraft was $28.5 million and $18.0 million for the three months ended September 30, 2014 and 2013, respectively, and $54.9 million and $36.1 million for the six months ended September 30, 2014 and 2013, respectively. | |||||||||||||||||||||||||
During the three and six months ended September 30, 2014, we sold 14 aircraft for $380.7 million and entered into 14 separate agreements to lease back these aircraft. We did not enter into any sale leaseback transactions during the three months ended June 30, 2014. | |||||||||||||||||||||||||
The aircraft leases range from base terms of 24 to 84 months with renewal options of up to 240 months in some cases, include purchase options upon expiration and some include early purchase options. The leases contain terms customary in transactions of this type, including provisions that allow the lessor to repossess the aircraft and require us to pay a stipulated amount if we default on our obligations under the agreements. The following is a summary of the terms related to aircraft leased under operating leases with original or remaining terms in excess of one year as of September 30, 2014: | |||||||||||||||||||||||||
End of Lease Term | Number of Aircraft | Monthly Lease Payments | |||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Six months ending March 31, 2015 to fiscal year 2016 | 4 | $ | 716 | ||||||||||||||||||||||
Fiscal year 2017 to fiscal year 2019 | 28 | 4,589 | |||||||||||||||||||||||
Fiscal year 2020 to fiscal year 2024 | 43 | 6,486 | |||||||||||||||||||||||
75 | $ | 11,791 | |||||||||||||||||||||||
Employee Agreements — Approximately 47% of our employees are represented by collective bargaining agreements and/or unions. These agreements generally include annual escalations of up to 8%. Periodically, certain groups of our employees who are not covered by a collective bargaining agreement consider entering into such an agreement. | |||||||||||||||||||||||||
During the three months ended September 30, 2014 and 2013, we recognized $0.3 million and $0.3 million, respectively, and during the six months ended September 30, 2014 and 2013, we recognized $0.9 million and $0.3 million, respectively, in severance expense included in direct costs and general administrative expense in our North America business unit primarily as a result of our planned closure of our Alaska operations. Additionally, we have employee agreements with members of senior management. For further details on the retirement of our former President and Chief Executive Officer, see Note 7. | |||||||||||||||||||||||||
Environmental Contingencies — The U.S. Environmental Protection Agency, also referred to as the EPA, has in the past notified us that we are a potential responsible party, or PRP, at three former waste disposal facilities that are on the National Priorities List of contaminated sites. Under the federal Comprehensive Environmental Response, Compensation and Liability Act, also known as the Superfund law, persons who are identified as PRPs may be subject to strict, joint and several liability for the costs of cleaning up environmental contamination resulting from releases of hazardous substances at National Priorities List sites. Although we have not yet obtained a formal release of liability from the EPA with respect to any of the sites, we believe that our potential liability in connection with the sites is not likely to have a material adverse effect on our business, financial condition or results of operations. | |||||||||||||||||||||||||
Other Purchase Obligations — As of September 30, 2014, we had $93.4 million of other purchase obligations representing unfilled purchase orders for aircraft parts, commitments associated with upgrading facilities at our bases and non-cancelable power-by-the-hour maintenance commitments. | |||||||||||||||||||||||||
Other Matters — Although infrequent, aircraft accidents have occurred in the past, and the related losses and liability claims have been covered by insurance subject to deductible, self-insured retention and loss sensitive factors. | |||||||||||||||||||||||||
On October 22, 2012, an incident occurred with an Airbus Helicopters EC225 Super Puma helicopter operated by another helicopter company, which resulted in a controlled ditching on the North Sea, south of the Shetland Isles, U.K. Following the ditching, all 19 passengers and crew were recovered safely and without injuries. | |||||||||||||||||||||||||
This incident resulted in the CAAs in the U.K. and Norway issuing safety directives in October 2012, requiring operators to suspend operations of the affected aircraft and our cessation of operations of a total of 16 large Airbus Helicopters aircraft for a period of time pending determination of the root cause of the gear shaft failure that resulted in the incident. However, in July 2013 the European Aviation Safety Authority (the “EASA”) issued an airworthiness directive providing for interim solutions involving minor aircraft modifications and new maintenance/operating procedures for mitigating shaft failure and enhancing early detection which allows the EC225 to safely fly without the new shaft. We commenced return to operational service of our EC225 fleet in the third quarter of fiscal year 2014. The gear shaft has been redesigned and, in April 2014, Airbus Helicopters advised us that the EASA has certified the new shaft with the expectation that the global oil and gas fleet will have the new shaft installed in the next twelve to twenty-four months. We currently operate 23 of these aircraft including 12 owned and 11 leased aircraft. All of these aircraft are available for revenue service. Until the fleet is again fully operational and under commercial arrangements similar to before the operational suspension, this situation could have a material adverse effect on our future business, financial condition and results of operations. | |||||||||||||||||||||||||
On February 20, 2014, the U.K. CAA issued a report detailing the findings and recommendations from its review of helicopter transport operations serving offshore installations in the U.K. The report, commonly referred to as CAP 1145, contains more than 60 safety actions and recommendations to improve the safety of offshore helicopter transport. Ten of the recommendations are designed to improve the survivability of passengers and crew following a ditching or impact in water. | |||||||||||||||||||||||||
One safety directive, which went into effect on September 1, 2014, restricts seating capacity on some aircraft in the North Sea unless passengers are equipped with new emergency breathing systems or side floats are installed on the aircraft. Operational restrictions when sea states are above a certain prescribed level were effective on June 1, 2014 and further requirements will be implemented over the next 12 months, including the flight prohibition of individuals whose size exceeds the dimensions of emergency egress windows. Training of the North Sea offshore workforce on the new breathing systems and roll-out of the new breathing systems and supporting passenger life jackets incorporating this system commenced over the summer months with minimal impact to our operations. | |||||||||||||||||||||||||
We believe CAP 1145 may make our industry safer. We are cooperating with the CAA, the Joint Operator's Review of Safety, and our clients in the North Sea to evaluate and deploy technologies that meet these new safety standards. We remain committed to ensuring that any impact to our operations is managed through our existing safety policies and programs and does not result in an elevated safety risk in the near term. The requirements could present North Sea operators, including us, with significant operational challenges, and it remains to be seen which of the new requirements, if any, will be adopted by regulatory authorities in other parts of the world in which we operate. | |||||||||||||||||||||||||
We operate in jurisdictions internationally where we are subject to risks that include government action to obtain additional tax revenue. In a number of these jurisdictions, political unrest, the lack of well-developed legal systems and legislation that is not clear enough in its wording to determine the ultimate application, can make it difficult to determine whether legislation may impact our earnings until such time as a clear court or other ruling exists. We operate in jurisdictions currently where amounts may be due to governmental bodies that we are not currently recording liabilities for as it is unclear how broad or narrow legislation may ultimately be interpreted. We believe that payment of amounts in these instances in not probable at this time, but is reasonably possible. | |||||||||||||||||||||||||
A loss contingency is reasonably possible if it has a more than remote but less than probable chance of occurring. Although management believes that there is no clear requirement to pay amounts at this time and that positions exist suggesting that no further amounts are currently due, it is reasonably possible that a loss could occur, for which we have estimated a maximum loss at September 30, 2014 to be approximately $5 million to $8 million. | |||||||||||||||||||||||||
We are a defendant in certain claims and litigation arising out of operations in the normal course of business. In the opinion of management, uninsured losses, if any, will not be material to our financial position, results of operations or cash flows. |
TAXES
TAXES | 6 Months Ended |
Sep. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
TAXES | ' |
TAXES | |
Our effective income tax rates were 17.7% and 27.2% for the three months ended September 30, 2014 and 2013, respectively and 19.6% and 26.3% for the six months ended September 30, 2014 and 2013, respectively. Our effective income tax rates for the three and six months ended September 30, 2013 reflect $36.0 million of tax expense for the sale of the FB Entities, partially offset by a $2.1 million benefit due to the revaluation of our deferred taxes as a result of the enactment of a tax rate reduction in the U.K. Excluding these items, our effective tax rate decreased to 15.4% and 18.2% for the three and six months ended September 30, 2013, respectively. For further details on the sale of the FB Entities, see Note 3 to the fiscal year 2014 Financial Statements. | |
For the three and six months ended September 30, 2014, our effective tax rate was impacted by the permanent reinvestment outside the U.S. of foreign earnings, upon which no U.S. tax has been provided, and by the amount of our foreign source income and our ability to realize foreign tax credits. As of September 30, 2014, there were $4.3 million of unrecognized tax benefits, all of which would have an impact on our effective tax rate, if recognized. The uncertain tax benefits relate to pre-acquisition tax matters for the February 2014 acquisition of a 60% interest in Eastern Airways and are the subject of an indemnity, for which a corresponding indemnity asset has been established in the amount of $4.2 million. |
EMPLOYEE_BENEFIT_PLANS
EMPLOYEE BENEFIT PLANS | 6 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' | ||||||||||||||||||
EMPLOYEE BENEFIT PLANS | ' | ||||||||||||||||||
EMPLOYEE BENEFIT PLANS | |||||||||||||||||||
Pension Plans | |||||||||||||||||||
The following table provides a detail of the components of net periodic pension cost (in thousands): | |||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Service cost for benefits earned during the period | $ | 2,087 | $ | 2,070 | $ | 4,333 | $ | 4,121 | |||||||||||
Interest cost on pension benefit obligation | 6,437 | 6,602 | 13,366 | 13,140 | |||||||||||||||
Expected return on assets | (7,638 | ) | (7,171 | ) | (15,861 | ) | (14,273 | ) | |||||||||||
Amortization of unrecognized losses | 1,641 | 1,897 | 3,409 | 3,774 | |||||||||||||||
Net periodic pension cost | $ | 2,527 | $ | 3,398 | $ | 5,247 | $ | 6,762 | |||||||||||
We pre-funded our contributions of £12.5 million ($20.8 million) to our U.K. Staff pension plan for fiscal year 2015 in the last quarter of fiscal year 2014. The current estimates of our cash contributions to our U.K. pension plans and Norwegian pension plan for fiscal year 2015 are $21.2 million and $7.9 million, respectively, of which $10.2 million and $6.0 million, respectively, were paid during the six months ended September 30, 2014. | |||||||||||||||||||
Incentive Compensation | |||||||||||||||||||
Stock–based awards are currently made under the Bristow Group Inc. 2007 Long-Term Incentive Plan (the “2007 Plan”). A maximum of 5,400,000 shares of common stock, par value $.01 per share (“Common Stock”), are reserved. Awards granted under the 2007 Plan may be in the form of stock options, stock appreciation rights, shares of restricted stock, other stock-based awards (payable in cash or Common Stock) or performance awards, or any combination thereof, and may be made to outside directors, employees or consultants. As of September 30, 2014, 2,352,001 shares remained available for grant under the 2007 Plan. | |||||||||||||||||||
We have a number of other incentive and stock option plans which are described in Note 10 to our fiscal year 2014 Financial Statements. | |||||||||||||||||||
Total stock-based compensation expense, which includes stock options and restricted stock, totaled $4.2 million and $3.7 million for the three months ended September 30, 2014 and 2013, respectively, and $8.4 million and $6.6 million for the six months ended September 30, 2014 and 2013, respectively. Stock-based compensation expense has been allocated to our various business units. | |||||||||||||||||||
During the three and six months ended September 30, 2014, we awarded 19,884 and 172,808 shares of restricted stock, respectively, at an average grant date fair value of $71.90 and $74.18 per share, respectively. Also during the three and six months ended September 30, 2014, 27,291 and 472,744 stock options were granted. The following table shows the assumptions used to compute the stock-based compensation expense for stock options granted during the six months ended September 30, 2014: | |||||||||||||||||||
Risk free interest rate | 1.67 | % | |||||||||||||||||
Expected life (years) | 5 | ||||||||||||||||||
Volatility | 34.2 | % | |||||||||||||||||
Dividend yield | 1.92 | % | |||||||||||||||||
Weighted average exercise price of options granted | $74.52 per option | ||||||||||||||||||
Weighted average grant-date fair value of options granted | $17.21 per option | ||||||||||||||||||
Performance cash awards vest and pay out in cash three years after the date of grant at varying levels depending on our performance in Total Shareholder Return against a peer group of companies. These awards were designed to tie a significant portion of total compensation to performance. One of the effects of this type of compensation is that it requires liability accounting which can result in volatility in earnings. The liability recorded for these awards as of September 30 and March 31, 2014 was $13.3 million and $16.7 million, respectively, and represents an accrual based on the fair value of the awards on those dates. The decrease in the liability during the six months ended September 30, 2014 resulted from the payout in June 2014 of the awards granted in June 2011, partially offset by the value of the new awards granted in June 2014. Any changes in fair value of the awards in future quarters will increase or decrease the liability and impact results in those periods. The effect, either positive or negative, on future period earnings can vary based on factors including changes in our stock price or the stock prices of the peer group companies, as well as changes in other market and company-specific assumptions that are factored into the calculation of fair value of the performance cash awards. | |||||||||||||||||||
Compensation expense related to the performance cash awards recorded during the three months ended September 30, 2014 and 2013 was $2.5 million and $1.9 million, respectively, and during the six months ended September 30, 2014 and 2013 was $4.6 million and $3.7 million, respectively. | |||||||||||||||||||
Retirement of President and Chief Executive Officer | |||||||||||||||||||
On February 3, 2014, the Company announced that William E. Chiles would resign as President and Chief Executive Officer of the Company effective upon the conclusion of the 2014 annual meeting of the stockholders of the Company that was held on July 31, 2014. On June 9, 2014, Jonathan E. Baliff began serving as President and on July 31, 2014 he assumed the additional role of Chief Executive Officer of the Company. Mr. Baliff also became a member of the Board of Directors of the Company effective July 31, 2014. Mr. Chiles will remain an employee of the Company and will provide consulting services to the Company. | |||||||||||||||||||
Mr. Chiles and the Company entered into a Retirement and Consulting Agreement, dated January 30, 2014 (the “Agreement”) to specify the terms of his continued employment with the Company. Upon his resignation as an officer on July 31, 2014, Mr. Chiles received a lump sum cash payment of $3.8 million, which was equivalent to the amount that would have been payable as severance under the employment agreement that was in effect prior to the execution of the Agreement. In addition, all outstanding long-term incentive awards, other than awards granted in 2014, fully vested. Under the terms of the Agreement, following his resignation as an officer on July 31, 2014 and ending July 31, 2016, Mr. Chiles will provide consulting services to us relating to the achievement of certain business objectives and matters of strategy. Mr. Chiles is not eligible to receive grants of equity awards following the effective date of his resignation as an officer. The Agreement contains certain restrictive covenants and confidentiality provisions, including non-compete and non-solicitation obligations continuing for 18 months after Mr. Chiles terminates all employment and consulting services with us, and a mutual non-disparagement provision. We recorded additional compensation expense, included in general and administrative expense, of $1.8 million and $5.5 million during the three and six months ended September 30, 2014, respectively, related to the Agreement. |
DIVIDENDS_SHARE_REPURCHASES_EA
DIVIDENDS, SHARE REPURCHASES, EARNINGS PER SHARE AND ACCUMULATED OTHER COMPREHENSIVE INCOME | 6 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Dividends, Share Repurchases, Earning Per Share and Accumulated Other Comprehensive Income [Abstract] | ' | ||||||||||||||||||
DIVIDENDS, SHARE REPURCHASES AND EARNINGS PER SHARE | ' | ||||||||||||||||||
DIVIDENDS, SHARE REPURCHASES, EARNINGS PER SHARE AND ACCUMULATED OTHER COMPREHENSIVE INCOME | |||||||||||||||||||
Dividends | |||||||||||||||||||
On November 6, 2014, our board of directors approved a dividend of $0.32 per share of Common Stock, payable on December 15, 2014 to shareholders of record on November 28, 2014. See discussion of our dividends in Note 11 to our fiscal year 2014 Financial Statements. The declaration of future dividends is at the discretion of our board of directors and subject to our results of operations, financial condition, cash requirements and other factors and restrictions under applicable law and our debt instruments. | |||||||||||||||||||
Share Repurchases | |||||||||||||||||||
During the three and six months ended September 30, 2014, respectively, we spent $23.3 million and $43.4 million to repurchase 324,720 and 595,318 shares of our Common Stock. Subsequently, from October 1, 2014 through October 31, 2014, we spent $10.0 million to repurchase 146,900 additional shares of our Common Stock. As of October 31, 2014, we had $2.4 million of repurchase authority remaining from $133.4 million that was authorized for share repurchases between November 5, 2013 and November 5, 2014. On November 6, 2014, our board of directors extended the date to repurchase shares of our Common Stock through November 5, 2015 and increased the remaining authorized repurchase amount to a total of $150 million. For additional information on our repurchases of Common Stock, see “Share Repurchases” in Note 11 to the fiscal year 2014 Financial Statements. The timing and method of any repurchases under the program will depend on a variety of factors, is subject to our results of operations, financial condition, cash requirements, and other factors and restrictions under applicable law and our debt instruments, and may be suspended or discontinued at any time. | |||||||||||||||||||
Earnings per Share | |||||||||||||||||||
Basic earnings per common share is computed by dividing income available to common stockholders by the weighted average number of shares of Common Stock outstanding during the period. Diluted earnings per common share excludes options to purchase shares and restricted stock awards, which were outstanding during the period but were anti-dilutive, as follows: | |||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Options: | |||||||||||||||||||
Outstanding | 298,333 | 596,191 | 300,686 | 497,041 | |||||||||||||||
Weighted average exercise price | $ | 62.17 | $ | 53.1 | $ | 62.17 | $ | 50.84 | |||||||||||
Restricted stock awards: | |||||||||||||||||||
Outstanding | 2,313 | — | 1,150 | 5,611 | |||||||||||||||
Weighted average price | $ | 72.98 | $ | — | $ | 72.98 | $ | 68.31 | |||||||||||
The following table sets forth the computation of basic and diluted earnings per share: | |||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Net income available to common stockholders (in thousands): | |||||||||||||||||||
Income available to common stockholders – basic | $ | 26,082 | $ | 110,606 | $ | 70,191 | $ | 137,492 | |||||||||||
Interest expense on assumed conversion of 3% Convertible Senior Notes, net of tax (1) | — | — | — | — | |||||||||||||||
Income available to common stockholders – diluted | $ | 26,082 | $ | 110,606 | $ | 70,191 | $ | 137,492 | |||||||||||
Shares: | |||||||||||||||||||
Weighted average number of common shares outstanding – basic | 35,447,094 | 36,403,556 | 35,495,319 | 36,265,932 | |||||||||||||||
Assumed conversion of 3% Convertible Senior Notes outstanding during the period (1) | — | — | — | — | |||||||||||||||
Net effect of dilutive stock options and restricted stock awards based on the treasury stock method | 234,398 | 297,670 | 301,167 | 352,492 | |||||||||||||||
Weighted average number of common shares outstanding – diluted | 35,681,492 | 36,701,226 | 35,796,486 | 36,618,424 | |||||||||||||||
Basic earnings per common share | $ | 0.74 | $ | 3.04 | $ | 1.98 | $ | 3.79 | |||||||||||
Diluted earnings per common share | $ | 0.73 | $ | 3.01 | $ | 1.96 | $ | 3.75 | |||||||||||
_____________ | |||||||||||||||||||
(1) | Diluted earnings per common share for the three and six months ended September 30, 2014 and 2013 excludes a number of potentially dilutive shares determined pursuant to a specified formula initially issuable upon the conversion of our 3% Convertible Senior Notes. The 3% Convertible Senior Notes will be convertible, under certain circumstances, using a net share settlement process, into a combination of cash and our Common Stock. As of September 30, 2014, the base conversion price of the notes was approximately $74.05, based on the base conversion rate of 13.5048 shares of Common Stock per $1,000 principal amount of convertible notes (subject to adjustment in certain circumstances, including the payment of dividends). In general, upon conversion of a note, the holder will receive cash equal to the principal amount of the note and Common Stock to the extent of the note’s conversion value in excess of such principal amount. In addition, if at the time of conversion the applicable price of our Common Stock exceeds the base conversion price, holders will receive up to an additional 8.7781 shares of our Common Stock per $1,000 principal amount of notes, as determined pursuant to a specified formula. Such shares did not impact our calculation of diluted earnings per share for the three and six months ended September 30, 2014 and 2013 as our average stock price during these periods did not meet or exceed the conversion requirements. | ||||||||||||||||||
Accumulated Other Comprehensive Income | |||||||||||||||||||
The following table sets forth the changes in the balances of each component of accumulated other comprehensive income: | |||||||||||||||||||
Currency Translation Adjustments | Pension Liability Adjustments (1) | Total | |||||||||||||||||
Balance as of March 31, 2014 | $ | 57,812 | $ | (214,318 | ) | $ | (156,506 | ) | |||||||||||
Other comprehensive income before reclassification | (10,482 | ) | — | (10,482 | ) | ||||||||||||||
Reclassified from accumulated other comprehensive income | — | — | — | ||||||||||||||||
Net current period other comprehensive income | (10,482 | ) | — | (10,482 | ) | ||||||||||||||
Foreign exchange rate impact | (5,742 | ) | 5,742 | — | |||||||||||||||
Balance at September 30, 2014 | $ | 41,588 | $ | (208,576 | ) | $ | (166,988 | ) | |||||||||||
_____________ | |||||||||||||||||||
(1) | Reclassification of amounts related to pension liability adjustments are included as a component of net periodic pension cost. |
SEGMENT_INFORMATION
SEGMENT INFORMATION | 6 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Segments [Abstract] | ' | ||||||||||||||||||
SEGMENT INFORMATION | ' | ||||||||||||||||||
SEGMENT INFORMATION | |||||||||||||||||||
We conduct our business in one segment: Helicopter Services. The Helicopter Services segment operations are conducted primarily through five business units: Europe, West Africa, North America, Australia, and Other International. Additionally, we operate a training business unit, Bristow Academy, and provide technical services to clients in the U.S. and U.K., which are included in Corporate and other. | |||||||||||||||||||
The following shows business unit information for the three and six months ended September 30, 2014 and 2013 and as of September 30 and March 31, 2014, where applicable, reconciled to consolidated totals, and prepared on the same basis as our condensed consolidated financial statements (in thousands): | |||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Business unit gross revenue from external clients: | |||||||||||||||||||
Europe | $ | 231,599 | $ | 185,743 | $ | 460,004 | $ | 352,452 | |||||||||||
West Africa | 82,979 | 79,488 | 165,835 | 158,869 | |||||||||||||||
North America | 56,049 | 60,718 | 113,691 | 119,300 | |||||||||||||||
Australia | 53,027 | 40,466 | 104,630 | 84,464 | |||||||||||||||
Other International | 35,805 | 32,247 | 71,331 | 65,222 | |||||||||||||||
Corporate and other | 16,177 | 18,666 | 32,683 | 36,015 | |||||||||||||||
Total business unit gross revenue | $ | 475,636 | $ | 417,328 | $ | 948,174 | $ | 816,322 | |||||||||||
Intra-business unit gross revenue: | |||||||||||||||||||
Europe | $ | 902 | $ | — | $ | 1,063 | $ | — | |||||||||||
West Africa | — | — | — | — | |||||||||||||||
North America | 17 | 9 | 17 | (7 | ) | ||||||||||||||
Australia | — | — | — | — | |||||||||||||||
Other International | — | — | 8 | — | |||||||||||||||
Corporate and other | 1,122 | 1,210 | 1,893 | 2,073 | |||||||||||||||
Total intra-business unit gross revenue | $ | 2,041 | $ | 1,219 | $ | 2,981 | $ | 2,066 | |||||||||||
Consolidated gross revenue reconciliation: | |||||||||||||||||||
Europe | $ | 232,501 | $ | 185,743 | $ | 461,067 | $ | 352,452 | |||||||||||
West Africa | 82,979 | 79,488 | 165,835 | 158,869 | |||||||||||||||
North America | 56,066 | 60,727 | 113,708 | 119,293 | |||||||||||||||
Australia | 53,027 | 40,466 | 104,630 | 84,464 | |||||||||||||||
Other International | 35,805 | 32,247 | 71,339 | 65,222 | |||||||||||||||
Corporate and other | 17,299 | 19,876 | 34,576 | 38,088 | |||||||||||||||
Intra-business unit eliminations | (2,041 | ) | (1,219 | ) | (2,981 | ) | (2,066 | ) | |||||||||||
Total consolidated gross revenue | $ | 475,636 | $ | 417,328 | $ | 948,174 | $ | 816,322 | |||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Earnings from unconsolidated affiliates, net of losses – equity method investments: | |||||||||||||||||||
Europe (1) | $ | 407 | $ | 873 | $ | 781 | $ | 3,913 | |||||||||||
North America | (113 | ) | 112 | (579 | ) | 104 | |||||||||||||
Other International | (3,198 | ) | 2,103 | 1,175 | 11,043 | ||||||||||||||
Total earnings from unconsolidated affiliates, net of losses – equity method investments | $ | (2,904 | ) | $ | 3,088 | $ | 1,377 | $ | 15,060 | ||||||||||
Consolidated operating income (loss) reconciliation: | |||||||||||||||||||
Europe | $ | 39,581 | $ | 32,958 | $ | 79,950 | $ | 52,979 | |||||||||||
West Africa | 19,025 | 18,231 | 35,687 | 37,484 | |||||||||||||||
North America | 7,923 | 9,164 | 20,469 | 17,287 | |||||||||||||||
Australia | 987 | 2,508 | 3,240 | 5,788 | |||||||||||||||
Other International | 2,956 | 8,654 | 13,358 | 27,096 | |||||||||||||||
Corporate and other | (26,535 | ) | (14,516 | ) | (44,185 | ) | (25,795 | ) | |||||||||||
Gain (loss) on disposal of assets | 127 | (3,064 | ) | 737 | (4,785 | ) | |||||||||||||
Total consolidated operating income | $ | 44,064 | $ | 53,935 | $ | 109,256 | $ | 110,054 | |||||||||||
Depreciation and amortization: | |||||||||||||||||||
Europe | $ | 10,538 | $ | 8,206 | $ | 20,260 | $ | 15,454 | |||||||||||
West Africa | 3,538 | 3,435 | 7,077 | 6,695 | |||||||||||||||
North America | 6,238 | 6,057 | 11,014 | 12,196 | |||||||||||||||
Australia | 4,351 | 1,908 | 7,960 | 3,797 | |||||||||||||||
Other International | 3,684 | 3,586 | 7,088 | 7,216 | |||||||||||||||
Corporate and other | (144 | ) | 666 | 140 | 1,319 | ||||||||||||||
Total depreciation and amortization | $ | 28,205 | $ | 23,858 | $ | 53,539 | $ | 46,677 | |||||||||||
September 30, | March 31, | ||||||||||||||||||
2014 | 2014 | ||||||||||||||||||
Identifiable assets: | |||||||||||||||||||
Europe | $ | 819,899 | $ | 932,803 | |||||||||||||||
West Africa | 446,969 | 454,161 | |||||||||||||||||
North America | 548,644 | 487,659 | |||||||||||||||||
Australia | 284,472 | 260,483 | |||||||||||||||||
Other International | 551,863 | 579,571 | |||||||||||||||||
Corporate and other | 626,550 | 683,580 | |||||||||||||||||
Total identifiable assets (2) | $ | 3,278,397 | $ | 3,398,257 | |||||||||||||||
Investments in unconsolidated affiliates – equity method investments: | |||||||||||||||||||
Europe | $ | 1,073 | $ | 1,067 | |||||||||||||||
North America | 60,991 | 61,570 | |||||||||||||||||
Other International | 192,829 | 193,692 | |||||||||||||||||
Total investments in unconsolidated affiliates – equity method investments | $ | 254,893 | $ | 256,329 | |||||||||||||||
_____________ | |||||||||||||||||||
(1) | On July 14, 2013, we sold our 50% interest in the FB entities. See Note 3 to the fiscal year 2014 Financial Statements for further details on the sale of the FB Entities. | ||||||||||||||||||
(2) | Includes $419.9 million and $477.9 million of construction in progress within property and equipment on our condensed consolidated balance sheets as of September 30 and March 31, 2014, respectively, which primarily represents progress payments on aircraft to be delivered in future periods. |
SUPPLEMENTAL_CONDENSED_CONSOLI
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION | 6 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Supplemental Condensed Consolidating Financial Information [Abstract] | ' | ||||||||||||||||||||
Additional Financial Information Disclosure [Text Block] | ' | ||||||||||||||||||||
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION | |||||||||||||||||||||
In connection with the issuance of the 6¼% Senior Notes and the 3% Convertible Senior Notes, the Guarantor Subsidiaries fully, unconditionally, jointly and severally guaranteed the payment obligations under these notes. The following supplemental financial information sets forth, on a consolidating basis, the balance sheet, statement of income, comprehensive income and cash flow information for Bristow Group Inc. (“Parent Company Only”), for the Guarantor Subsidiaries and for our other subsidiaries (the “Non-Guarantor Subsidiaries”). We have not presented separate financial statements and other disclosures concerning the Guarantor Subsidiaries because management has determined that such information is not material to investors. | |||||||||||||||||||||
The supplemental condensed consolidating financial information has been prepared pursuant to the rules and regulations for condensed financial information and does not include all disclosures included in annual financial statements, although we believe that the disclosures made are adequate to make the information presented not misleading. The principal eliminating entries eliminate investments in subsidiaries, intercompany balances and intercompany revenue and expense. | |||||||||||||||||||||
The allocation of the consolidated income tax provision was made using the with and without allocation method. | |||||||||||||||||||||
Supplemental Condensed Consolidating Statement of Income | |||||||||||||||||||||
Three Months Ended September 30, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenue: | |||||||||||||||||||||
Gross revenue | $ | — | $ | 73,715 | $ | 401,921 | $ | — | $ | 475,636 | |||||||||||
Intercompany revenue | 311 | 25,187 | — | (25,498 | ) | — | |||||||||||||||
311 | 98,902 | 401,921 | (25,498 | ) | 475,636 | ||||||||||||||||
Operating expense: | |||||||||||||||||||||
Direct cost and reimbursable expense | — | 56,888 | 281,978 | — | 338,866 | ||||||||||||||||
Intercompany expenses | — | — | 25,498 | (25,498 | ) | — | |||||||||||||||
Depreciation and amortization | 1,420 | 11,886 | 14,899 | — | 28,205 | ||||||||||||||||
General and administrative | 19,841 | 7,147 | 34,736 | — | 61,724 | ||||||||||||||||
21,261 | 75,921 | 357,111 | (25,498 | ) | 428,795 | ||||||||||||||||
Gain (loss) on disposal of assets | — | 1,200 | (1,073 | ) | — | 127 | |||||||||||||||
Earnings from unconsolidated affiliates, net of losses | 15,992 | — | (2,904 | ) | (15,992 | ) | (2,904 | ) | |||||||||||||
Operating income | (4,958 | ) | 24,181 | 40,833 | (15,992 | ) | 44,064 | ||||||||||||||
Interest expense, net | 28,492 | (960 | ) | (35,104 | ) | — | (7,572 | ) | |||||||||||||
Other income (expense), net | (916 | ) | 169 | (1,934 | ) | — | (2,681 | ) | |||||||||||||
Income before provision for income taxes | 22,618 | 23,390 | 3,795 | (15,992 | ) | 33,811 | |||||||||||||||
Allocation of consolidated income taxes | 3,473 | (994 | ) | (8,465 | ) | — | (5,986 | ) | |||||||||||||
Net income | 26,091 | 22,396 | (4,670 | ) | (15,992 | ) | 27,825 | ||||||||||||||
Net income attributable to noncontrolling interests | (9 | ) | — | (1,734 | ) | — | (1,743 | ) | |||||||||||||
Net income attributable to Bristow Group | $ | 26,082 | $ | 22,396 | $ | (6,404 | ) | $ | (15,992 | ) | $ | 26,082 | |||||||||
Supplemental Condensed Consolidating Statement of Income | |||||||||||||||||||||
Six Months Ended September 30, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenue: | |||||||||||||||||||||
Gross revenue | $ | — | $ | 149,352 | $ | 798,822 | $ | — | $ | 948,174 | |||||||||||
Intercompany revenue | 864 | 50,013 | — | (50,877 | ) | — | |||||||||||||||
864 | 199,365 | 798,822 | (50,877 | ) | 948,174 | ||||||||||||||||
Operating expense: | |||||||||||||||||||||
Direct cost and reimbursable expense | — | 109,953 | 555,384 | — | 665,337 | ||||||||||||||||
Intercompany expenses | — | — | 50,877 | (50,877 | ) | — | |||||||||||||||
Depreciation and amortization | 1,278 | 22,101 | 30,160 | — | 53,539 | ||||||||||||||||
General and administrative | 38,178 | 17,246 | 66,732 | — | 122,156 | ||||||||||||||||
39,456 | 149,300 | 703,153 | (50,877 | ) | 841,032 | ||||||||||||||||
Gain (loss) on disposal of assets | — | 2,538 | (1,801 | ) | — | 737 | |||||||||||||||
Earnings from unconsolidated affiliates, net of losses | 52,984 | — | 1,377 | (52,984 | ) | 1,377 | |||||||||||||||
Operating income | 14,392 | 52,603 | 95,245 | (52,984 | ) | 109,256 | |||||||||||||||
Interest expense, net | 56,010 | (1,966 | ) | (68,743 | ) | — | (14,699 | ) | |||||||||||||
Other income (expense), net | (1,844 | ) | 97 | (2,173 | ) | — | (3,920 | ) | |||||||||||||
Income before provision for income taxes | 68,558 | 50,734 | 24,329 | (52,984 | ) | 90,637 | |||||||||||||||
Allocation of consolidated income taxes | 1,660 | (761 | ) | (18,708 | ) | — | (17,809 | ) | |||||||||||||
Net income | 70,218 | 49,973 | 5,621 | (52,984 | ) | 72,828 | |||||||||||||||
Net income attributable to noncontrolling interests | (27 | ) | — | (2,610 | ) | — | (2,637 | ) | |||||||||||||
Net income attributable to Bristow Group | $ | 70,191 | $ | 49,973 | $ | 3,011 | $ | (52,984 | ) | $ | 70,191 | ||||||||||
Supplemental Condensed Consolidating Statement of Income | |||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenue: | |||||||||||||||||||||
Gross revenue | $ | — | $ | 78,518 | $ | 338,810 | $ | — | $ | 417,328 | |||||||||||
Intercompany revenue | 374 | 21,506 | — | (21,880 | ) | — | |||||||||||||||
374 | 100,024 | 338,810 | (21,880 | ) | 417,328 | ||||||||||||||||
Operating expense: | |||||||||||||||||||||
Direct cost and reimbursable expense | — | 57,543 | 235,537 | — | 293,080 | ||||||||||||||||
Intercompany expenses | — | — | 21,880 | (21,880 | ) | — | |||||||||||||||
Depreciation and amortization | 736 | 11,048 | 12,074 | — | 23,858 | ||||||||||||||||
General and administrative | 14,343 | 8,574 | 23,562 | — | 46,479 | ||||||||||||||||
15,079 | 77,165 | 293,053 | (21,880 | ) | 363,417 | ||||||||||||||||
Loss on disposal of assets | — | (2,927 | ) | (137 | ) | — | (3,064 | ) | |||||||||||||
Earnings from unconsolidated affiliates, net of losses | 138,158 | — | 3,088 | (138,158 | ) | 3,088 | |||||||||||||||
Operating income | 123,453 | 19,932 | 48,708 | (138,158 | ) | 53,935 | |||||||||||||||
Interest expense, net | 21,904 | (1,476 | ) | (28,744 | ) | — | (8,316 | ) | |||||||||||||
Gain on sale of unconsolidated affiliate | — | — | 103,924 | — | 103,924 | ||||||||||||||||
Other income (expense), net | (120 | ) | (174 | ) | 1,781 | — | 1,487 | ||||||||||||||
Income before provision for income taxes | 145,237 | 18,282 | 125,669 | (138,158 | ) | 151,030 | |||||||||||||||
Allocation of consolidated income taxes | (34,617 | ) | (1,843 | ) | (4,686 | ) | — | (41,146 | ) | ||||||||||||
Net income | 110,620 | 16,439 | 120,983 | (138,158 | ) | 109,884 | |||||||||||||||
Net (income) loss attributable to noncontrolling interests | (14 | ) | — | 736 | — | 722 | |||||||||||||||
Net income attributable to Bristow Group | $ | 110,606 | $ | 16,439 | $ | 121,719 | $ | (138,158 | ) | $ | 110,606 | ||||||||||
Supplemental Condensed Consolidating Statement of Income | |||||||||||||||||||||
Six Months Ended September 30, 2013 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenue: | |||||||||||||||||||||
Gross revenue | $ | — | $ | 155,161 | $ | 661,161 | $ | — | $ | 816,322 | |||||||||||
Intercompany revenue | 748 | 41,872 | — | (42,620 | ) | — | |||||||||||||||
748 | 197,033 | 661,161 | (42,620 | ) | 816,322 | ||||||||||||||||
Operating expense: | |||||||||||||||||||||
Direct cost and reimbursable expense | — | 114,987 | 470,092 | — | 585,079 | ||||||||||||||||
Intercompany expenses | — | — | 42,620 | (42,620 | ) | — | |||||||||||||||
Depreciation and amortization | 1,453 | 21,731 | 23,493 | — | 46,677 | ||||||||||||||||
General and administrative | 26,133 | 16,159 | 44,495 | — | 86,787 | ||||||||||||||||
27,586 | 152,877 | 580,700 | (42,620 | ) | 718,543 | ||||||||||||||||
Loss on disposal of assets | — | (1,539 | ) | (3,246 | ) | — | (4,785 | ) | |||||||||||||
Earnings from unconsolidated affiliates, net of losses | 169,908 | — | 17,060 | (169,908 | ) | 17,060 | |||||||||||||||
Operating income | 143,070 | 42,617 | 94,275 | (169,908 | ) | 110,054 | |||||||||||||||
Interest expense, net | 29,505 | (1,507 | ) | (56,565 | ) | — | (28,567 | ) | |||||||||||||
Gain on sale of unconsolidated affiliate | — | — | 103,924 | — | 103,924 | ||||||||||||||||
Other income (expense), net | (118 | ) | (160 | ) | 399 | — | 121 | ||||||||||||||
Income before provision for income taxes | 172,457 | 40,950 | 142,033 | (169,908 | ) | 185,532 | |||||||||||||||
Allocation of consolidated income taxes | (34,934 | ) | (2,368 | ) | (11,434 | ) | — | (48,736 | ) | ||||||||||||
Net income | 137,523 | 38,582 | 130,599 | (169,908 | ) | 136,796 | |||||||||||||||
Net (income) loss attributable to noncontrolling interests | (31 | ) | — | 727 | — | 696 | |||||||||||||||
Net income attributable to Bristow Group | $ | 137,492 | $ | 38,582 | $ | 131,326 | $ | (169,908 | ) | $ | 137,492 | ||||||||||
Supplemental Condensed Consolidating Statement of Comprehensive Income | |||||||||||||||||||||
Three Months Ended September 30, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Net income | $ | 26,091 | $ | 22,396 | $ | (4,670 | ) | $ | (15,992 | ) | $ | 27,825 | |||||||||
Other comprehensive income: | |||||||||||||||||||||
Currency translation adjustments | (4,650 | ) | — | 33,613 | (48,470 | ) | (19,507 | ) | |||||||||||||
Total comprehensive income | 21,441 | 22,396 | 28,943 | (64,462 | ) | 8,318 | |||||||||||||||
Net income attributable to noncontrolling interests | (9 | ) | — | (1,734 | ) | — | (1,743 | ) | |||||||||||||
Currency translation adjustments attributable to noncontrolling interests | — | — | (183 | ) | — | (183 | ) | ||||||||||||||
Total comprehensive income attributable to noncontrolling interests | (9 | ) | — | (1,917 | ) | — | (1,926 | ) | |||||||||||||
Total comprehensive income attributable to Bristow Group | $ | 21,432 | $ | 22,396 | $ | 27,026 | $ | (64,462 | ) | $ | 6,392 | ||||||||||
Supplemental Condensed Consolidating Statement of Comprehensive Income | |||||||||||||||||||||
Six Months Ended September 30, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Net income | $ | 70,218 | $ | 49,973 | $ | 5,621 | $ | (52,984 | ) | $ | 72,828 | ||||||||||
Other comprehensive income: | |||||||||||||||||||||
Currency translation adjustments | (11,686 | ) | — | 13,968 | (12,798 | ) | (10,516 | ) | |||||||||||||
Total comprehensive income | 58,532 | 49,973 | 19,589 | (65,782 | ) | 62,312 | |||||||||||||||
Net income attributable to noncontrolling interests | (27 | ) | — | (2,610 | ) | — | (2,637 | ) | |||||||||||||
Currency translation adjustments attributable to noncontrolling interests | — | — | 34 | — | 34 | ||||||||||||||||
Total comprehensive income attributable to noncontrolling interests | (27 | ) | — | (2,576 | ) | — | (2,603 | ) | |||||||||||||
Total comprehensive income attributable to Bristow Group | $ | 58,505 | $ | 49,973 | $ | 17,013 | $ | (65,782 | ) | $ | 59,709 | ||||||||||
Supplemental Condensed Consolidating Statement of Comprehensive Income | |||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Net income | $ | 110,620 | $ | 16,439 | $ | 120,983 | $ | (138,158 | ) | $ | 109,884 | ||||||||||
Other comprehensive income: | |||||||||||||||||||||
Currency translation adjustments | 3,105 | — | (14,710 | ) | 27,479 | 15,874 | |||||||||||||||
Total comprehensive income | 113,725 | 16,439 | 106,273 | (110,679 | ) | 125,758 | |||||||||||||||
Net (income) loss attributable to noncontrolling interests | (14 | ) | — | 736 | — | 722 | |||||||||||||||
Currency translation adjustments attributable to noncontrolling interests | — | — | (108 | ) | — | (108 | ) | ||||||||||||||
Total comprehensive (income) loss attributable to noncontrolling interests | (14 | ) | — | 628 | — | 614 | |||||||||||||||
Total comprehensive income attributable to Bristow Group | $ | 113,711 | $ | 16,439 | $ | 106,901 | $ | (110,679 | ) | $ | 126,372 | ||||||||||
Supplemental Condensed Consolidating Statement of Comprehensive Income | |||||||||||||||||||||
Six Months Ended September 30, 2013 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Net income | $ | 137,523 | $ | 38,582 | $ | 130,599 | $ | (169,908 | ) | $ | 136,796 | ||||||||||
Other comprehensive income: | |||||||||||||||||||||
Currency translation adjustments | 4,025 | — | (21,657 | ) | 29,077 | 11,445 | |||||||||||||||
Total comprehensive income | 141,548 | 38,582 | 108,942 | (140,831 | ) | 148,241 | |||||||||||||||
Net (income) loss attributable to noncontrolling interests | (31 | ) | — | 727 | — | 696 | |||||||||||||||
Currency translation adjustments attributable to noncontrolling interests | — | — | (238 | ) | — | (238 | ) | ||||||||||||||
Total comprehensive (income) loss attributable to noncontrolling interests | (31 | ) | — | 489 | — | 458 | |||||||||||||||
Total comprehensive income attributable to Bristow Group | $ | 141,517 | $ | 38,582 | $ | 109,431 | $ | (140,831 | ) | $ | 148,699 | ||||||||||
Supplemental Condensed Consolidating Balance Sheet | |||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 54,476 | $ | 13,768 | $ | 195,666 | $ | — | $ | 263,910 | |||||||||||
Accounts receivable | 117,863 | 165,742 | 340,259 | (328,454 | ) | 295,410 | |||||||||||||||
Inventories | — | 43,312 | 99,502 | — | 142,814 | ||||||||||||||||
Assets held for sale | — | 9,898 | 22,190 | — | 32,088 | ||||||||||||||||
Prepaid expenses and other current assets | 3,498 | 4,683 | 43,542 | — | 51,723 | ||||||||||||||||
Total current assets | 175,837 | 237,403 | 701,159 | (328,454 | ) | 785,945 | |||||||||||||||
Intercompany investment | 1,340,098 | 111,435 | — | (1,451,533 | ) | — | |||||||||||||||
Investment in unconsolidated affiliates | — | — | 259,262 | — | 259,262 | ||||||||||||||||
Intercompany notes receivable | 1,066,847 | — | — | (1,066,847 | ) | — | |||||||||||||||
Property and equipment—at cost: | |||||||||||||||||||||
Land and buildings | 2,688 | 49,236 | 102,078 | — | 154,002 | ||||||||||||||||
Aircraft and equipment | 88,051 | 1,127,606 | 1,227,561 | — | 2,443,218 | ||||||||||||||||
90,739 | 1,176,842 | 1,329,639 | — | 2,597,220 | |||||||||||||||||
Less: Accumulated depreciation and amortization | (14,301 | ) | (211,745 | ) | (284,849 | ) | — | (510,895 | ) | ||||||||||||
76,438 | 965,097 | 1,044,790 | — | 2,086,325 | |||||||||||||||||
Goodwill | — | 4,755 | 50,765 | — | 55,520 | ||||||||||||||||
Other assets | 172,396 | 2,627 | 56,122 | (139,800 | ) | 91,345 | |||||||||||||||
Total assets | $ | 2,831,616 | $ | 1,321,317 | $ | 2,112,098 | $ | (2,986,634 | ) | $ | 3,278,397 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ INVESTMENT | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Accounts payable | $ | 52,973 | $ | 146,863 | $ | 201,656 | $ | (321,693 | ) | $ | 79,799 | ||||||||||
Accrued liabilities | 29,300 | 28,447 | 141,765 | (6,943 | ) | 192,569 | |||||||||||||||
Current deferred taxes | (7,961 | ) | 611 | 19,404 | — | 12,054 | |||||||||||||||
Short-term borrowings and current maturities of long-term debt | 6,815 | — | 6,854 | — | 13,669 | ||||||||||||||||
Deferred sale leaseback advance | — | 137,969 | — | — | 137,969 | ||||||||||||||||
Total current liabilities | 81,127 | 313,890 | 369,679 | (328,636 | ) | 436,060 | |||||||||||||||
Long-term debt, less current maturities | 748,322 | — | 17,543 | — | 765,865 | ||||||||||||||||
Intercompany notes payable | — | 132,735 | 1,074,931 | (1,207,666 | ) | — | |||||||||||||||
Accrued pension liabilities | — | — | 71,815 | — | 71,815 | ||||||||||||||||
Other liabilities and deferred credits | 13,478 | 8,585 | 34,192 | — | 56,255 | ||||||||||||||||
Deferred taxes | 137,896 | 8,191 | 20,567 | — | 166,654 | ||||||||||||||||
Temporary equity | — | — | 24,264 | — | 24,264 | ||||||||||||||||
Stockholders’ investment: | |||||||||||||||||||||
Common stock | 375 | 4,996 | 22,876 | (27,872 | ) | 375 | |||||||||||||||
Additional paid-in-capital | 769,891 | 9,291 | 270,905 | (280,196 | ) | 769,891 | |||||||||||||||
Retained earnings | 1,292,722 | 843,629 | 180,170 | (1,023,799 | ) | 1,292,722 | |||||||||||||||
Accumulated other comprehensive income (loss) | (66,405 | ) | — | 17,882 | (118,465 | ) | (166,988 | ) | |||||||||||||
Treasury shares | (147,388 | ) | — | — | — | (147,388 | ) | ||||||||||||||
Total Bristow Group stockholders’ investment | 1,849,195 | 857,916 | 491,833 | (1,450,332 | ) | 1,748,612 | |||||||||||||||
Noncontrolling interests | 1,598 | — | 7,274 | — | 8,872 | ||||||||||||||||
Total stockholders’ investment | 1,850,793 | 857,916 | 499,107 | (1,450,332 | ) | 1,757,484 | |||||||||||||||
Total liabilities and stockholders’ investment | $ | 2,831,616 | $ | 1,321,317 | $ | 2,112,098 | $ | (2,986,634 | ) | $ | 3,278,397 | ||||||||||
Supplemental Condensed Consolidating Balance Sheet | |||||||||||||||||||||
As of March 31, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 4,640 | $ | — | $ | 200,147 | $ | (446 | ) | $ | 204,341 | ||||||||||
Accounts receivable | 32,280 | 104,155 | 310,288 | (149,280 | ) | 297,443 | |||||||||||||||
Inventories | — | 40,864 | 96,599 | — | 137,463 | ||||||||||||||||
Assets held for sale | — | 8,505 | 20,771 | — | 29,276 | ||||||||||||||||
Prepaid expenses and other current assets | 3,882 | 3,258 | 45,944 | — | 53,084 | ||||||||||||||||
Total current assets | 40,802 | 156,782 | 673,749 | (149,726 | ) | 721,607 | |||||||||||||||
Intercompany investment | 1,273,337 | 111,435 | — | (1,384,772 | ) | — | |||||||||||||||
Investment in unconsolidated affiliates | — | — | 262,615 | — | 262,615 | ||||||||||||||||
Intercompany notes receivable | 1,286,354 | — | — | (1,286,354 | ) | — | |||||||||||||||
Property and equipment—at cost: | |||||||||||||||||||||
Land and buildings | 977 | 49,499 | 95,497 | — | 145,973 | ||||||||||||||||
Aircraft and equipment | 64,094 | 1,357,126 | 1,224,930 | — | 2,646,150 | ||||||||||||||||
65,071 | 1,406,625 | 1,320,427 | — | 2,792,123 | |||||||||||||||||
Less: Accumulated depreciation and amortization | (13,057 | ) | (211,385 | ) | (298,930 | ) | — | (523,372 | ) | ||||||||||||
52,014 | 1,195,240 | 1,021,497 | — | 2,268,751 | |||||||||||||||||
Goodwill | — | 4,755 | 51,925 | — | 56,680 | ||||||||||||||||
Other assets | 204,679 | 1,462 | 50,392 | (167,929 | ) | 88,604 | |||||||||||||||
Total assets | $ | 2,857,186 | $ | 1,469,674 | $ | 2,060,178 | $ | (2,988,781 | ) | $ | 3,398,257 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ INVESTMENT | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Accounts payable | $ | 8,298 | $ | 67,728 | $ | 157,297 | $ | (143,505 | ) | $ | 89,818 | ||||||||||
Accrued liabilities | 36,442 | 32,084 | 141,423 | (5,451 | ) | 204,498 | |||||||||||||||
Current deferred taxes | (7,640 | ) | (1,342 | ) | 21,354 | — | 12,372 | ||||||||||||||
Short-term borrowings and current maturities of long-term debt | 4,543 | — | 9,664 | — | 14,207 | ||||||||||||||||
Deferred sale leaseback | — | 136,930 | — | — | 136,930 | ||||||||||||||||
Total current liabilities | 41,643 | 235,400 | 329,738 | (148,956 | ) | 457,825 | |||||||||||||||
Long-term debt, less current maturities | 805,965 | — | 21,130 | — | 827,095 | ||||||||||||||||
Intercompany notes payable | — | 378,983 | 1,076,292 | (1,455,275 | ) | — | |||||||||||||||
Accrued pension liabilities | — | — | 86,823 | — | 86,823 | ||||||||||||||||
Other liabilities and deferred credits | 13,750 | 37,876 | 26,500 | — | 78,126 | ||||||||||||||||
Deferred taxes | 144,461 | 9,472 | 15,586 | — | 169,519 | ||||||||||||||||
Temporary equity | — | — | 22,283 | — | 22,283 | ||||||||||||||||
Stockholders’ investment: | |||||||||||||||||||||
Common stock | 373 | 4,996 | 22,876 | (27,872 | ) | 373 | |||||||||||||||
Additional paid-in-capital | 762,813 | 9,291 | 270,905 | (280,196 | ) | 762,813 | |||||||||||||||
Retained earnings | 1,245,220 | 793,656 | 177,159 | (970,815 | ) | 1,245,220 | |||||||||||||||
Accumulated other comprehensive income (loss) | (54,719 | ) | — | 3,880 | (105,667 | ) | (156,506 | ) | |||||||||||||
Treasury shares | (103,965 | ) | — | — | — | (103,965 | ) | ||||||||||||||
Total Bristow Group stockholders’ investment | 1,849,722 | 807,943 | 474,820 | (1,384,550 | ) | 1,747,935 | |||||||||||||||
Noncontrolling interests | 1,645 | — | 7,006 | — | 8,651 | ||||||||||||||||
Total stockholders’ investment | 1,851,367 | 807,943 | 481,826 | (1,384,550 | ) | 1,756,586 | |||||||||||||||
Total liabilities and stockholders’ investment | $ | 2,857,186 | $ | 1,469,674 | $ | 2,060,178 | $ | (2,988,781 | ) | $ | 3,398,257 | ||||||||||
Supplemental Condensed Consolidating Statement of Cash Flows | |||||||||||||||||||||
Six Months Ended September 30, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | (45,192 | ) | $ | 115,666 | $ | 30,247 | $ | 446 | $ | 101,167 | ||||||||||
Cash flows from investing activities: | |||||||||||||||||||||
Capital expenditures | (25,668 | ) | (141,269 | ) | (135,182 | ) | — | (302,119 | ) | ||||||||||||
Proceeds from asset dispositions | — | 208,373 | 189,271 | — | 397,644 | ||||||||||||||||
Net cash provided by (used in) investing activities | (25,668 | ) | 67,104 | 54,089 | — | 95,525 | |||||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||
Proceeds from borrowings | 218,000 | — | 1,354 | — | 219,354 | ||||||||||||||||
Repayment of debt | (275,502 | ) | — | (7,336 | ) | — | (282,838 | ) | |||||||||||||
Dividends paid | (22,689 | ) | — | — | — | (22,689 | ) | ||||||||||||||
Increases (decreases) in cash related to intercompany advances and debt | 241,300 | (169,002 | ) | (72,298 | ) | — | — | ||||||||||||||
Partial prepayment of put/call obligation | (30 | ) | — | — | — | (30 | ) | ||||||||||||||
Acquisition of noncontrolling interest | — | — | (3,170 | ) | — | (3,170 | ) | ||||||||||||||
Repurchase of Common Stock | (43,423 | ) | — | — | — | (43,423 | ) | ||||||||||||||
Issuance of Common Stock | 1,398 | — | — | — | 1,398 | ||||||||||||||||
Tax benefit related to stock-based compensation | 1,642 | — | — | — | 1,642 | ||||||||||||||||
Net cash provided by (used in) financing activities | 120,696 | (169,002 | ) | (81,450 | ) | — | (129,756 | ) | |||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | (7,367 | ) | — | (7,367 | ) | ||||||||||||||
Net increase (decrease) in cash and cash equivalents | 49,836 | 13,768 | (4,481 | ) | 446 | 59,569 | |||||||||||||||
Cash and cash equivalents at beginning of period | 4,640 | — | 200,147 | (446 | ) | 204,341 | |||||||||||||||
Cash and cash equivalents at end of period | $ | 54,476 | $ | 13,768 | $ | 195,666 | $ | — | $ | 263,910 | |||||||||||
Supplemental Condensed Consolidating Statement of Cash Flows | |||||||||||||||||||||
Six Months Ended September 30, 2013 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | (20,277 | ) | $ | 46,258 | $ | 106,495 | $ | — | $ | 132,476 | ||||||||||
Cash flows from investing activities: | |||||||||||||||||||||
Capital expenditures | (11,206 | ) | (275,801 | ) | (158,415 | ) | 105,863 | (339,559 | ) | ||||||||||||
Proceeds from asset dispositions | — | 154,689 | 106,777 | (105,863 | ) | 155,603 | |||||||||||||||
Proceeds from sale of unconsolidated affiliate | — | — | 112,210 | — | 112,210 | ||||||||||||||||
Net cash provided by (used in) investing activities | (11,206 | ) | (121,112 | ) | 60,572 | — | (71,746 | ) | |||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||
Proceeds from borrowings | 157,500 | — | 2,646 | — | 160,146 | ||||||||||||||||
Debt issuance costs | (15,152 | ) | — | — | — | (15,152 | ) | ||||||||||||||
Repayment of debt | (114,806 | ) | — | (2,942 | ) | — | (117,748 | ) | |||||||||||||
Dividends paid | (15,072 | ) | 34 | (3,100 | ) | — | (18,138 | ) | |||||||||||||
Increases (decreases) in cash related to intercompany advances and debt | (24,615 | ) | 73,818 | (49,203 | ) | — | — | ||||||||||||||
Partial prepayment of put/call obligation | (27 | ) | — | — | — | (27 | ) | ||||||||||||||
Issuance of Common Stock | 11,550 | — | — | — | 11,550 | ||||||||||||||||
Tax benefit related to stock-based compensation | 4,234 | — | — | — | 4,234 | ||||||||||||||||
Net cash provided by (used in) financing activities | 3,612 | 73,852 | (52,599 | ) | — | 24,865 | |||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | 12,303 | — | 12,303 | ||||||||||||||||
Net increase (decrease) in cash and cash equivalents | (27,871 | ) | (1,002 | ) | 126,771 | — | 97,898 | ||||||||||||||
Cash and cash equivalents at beginning of period | 31,853 | 5,370 | 178,400 | — | 215,623 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 3,982 | $ | 4,368 | $ | 305,171 | $ | — | $ | 313,521 | |||||||||||
BASIS_OF_PRESENTATION_CONSOLID1
BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Sep. 30, 2014 | |
Operations, Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract] | ' |
Revenue Recognition, Policy [Policy Text Block] | ' |
Revenue Recognition | |
In general, we recognize revenue when it is both realized or realizable and earned. We consider revenue to be realized or realizable and earned when the following conditions exist: there is persuasive evidence of an arrangement, generally a client contract exists; the services or products have been performed or delivered to the client; the sales price is fixed or determinable; and collection is probable. More specifically, revenue from helicopter services is recognized based on contractual rates as the related services are performed. The charges under these contracts are generally based on a two-tier rate structure consisting of a daily or monthly fixed fee plus additional fees for each hour flown. These contracts are for varying periods and generally permit the client to cancel the contract before the end of the term. We also provide services to clients on an “ad hoc” basis, which usually entails a shorter contract notice period and duration. The charges for ad hoc services are based on an hourly rate or a daily or monthly fixed fee plus additional fees for each hour flown. In order to offset potential increases in operating costs, our long-term contracts may provide for periodic increases in the contractual rates charged for our services. We recognize the impact of these rate increases when the criteria outlined above have been met. This generally includes written recognition from the clients that they are in agreement with the amount of the rate escalation. Cost reimbursements from clients are recorded as reimbursable revenue with the related reimbursed costs recorded as reimbursable expense on our condensed consolidated statements of income. | |
Bristow Academy, our helicopter training business unit, primarily earns revenue from military training, flight training provided to individual students and ground school courses. We recognize revenue from these sources using the same revenue recognition principles described above as services are provided. We consider revenue to be realized or realizable and earned when the following conditions exist: there is persuasive evidence of an arrangement, generally a contract exists; the services have been performed or delivered to the client or student; the sales price is fixed and determinable; and collection has occurred or is probable. | |
Eastern Airways International Limited ("Eastern Airways") primarily earns revenue through charter and scheduled airline services and provision of airport services. Both chartered and scheduled revenue is recognized net of passenger taxes and discounts. Revenue is recognized at the earlier of the period in which the service is provided or the period in which the right to travel expires, which is determined by the terms and conditions of the ticket. Ticket sales are recorded within deferred revenue until recognized as revenue in accordance with the above policy. Airport services revenue is recognized when earned. |
BASIS_OF_PRESENTATION_CONSOLID2
BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended | |||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||
Operations, Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract] | ' | |||||||||||||||||
Schedule of Foreign Exchange Rate [Table Text Block] | ' | |||||||||||||||||
The value of the Brazilian real has fluctuated relative to the U.S. dollar as indicated in the following table: | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
One Brazilian real into U.S. dollars | ||||||||||||||||||
High | 0.4534 | 0.4568 | 0.4572 | 0.5123 | ||||||||||||||
Average | 0.4398 | 0.438 | 0.4445 | 0.4617 | ||||||||||||||
Low | 0.4066 | 0.4093 | 0.4066 | 0.4093 | ||||||||||||||
At period-end | 0.4102 | 0.4475 | 0.4102 | 0.4475 | ||||||||||||||
The value of these currencies has fluctuated relative to the U.S. dollar as indicated in the following table: | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
One British pound sterling into U.S. dollars | ||||||||||||||||||
High | 1.72 | 1.62 | 1.72 | 1.62 | ||||||||||||||
Average | 1.67 | 1.55 | 1.68 | 1.54 | ||||||||||||||
Low | 1.61 | 1.48 | 1.61 | 1.48 | ||||||||||||||
At period-end | 1.62 | 1.62 | 1.62 | 1.62 | ||||||||||||||
One euro into U.S. dollars | ||||||||||||||||||
High | 1.37 | 1.35 | 1.39 | 1.35 | ||||||||||||||
Average | 1.33 | 1.32 | 1.35 | 1.32 | ||||||||||||||
Low | 1.26 | 1.28 | 1.26 | 1.26 | ||||||||||||||
At period-end | 1.26 | 1.35 | 1.26 | 1.35 | ||||||||||||||
One Australian dollar into U.S. dollars | ||||||||||||||||||
High | 0.95 | 0.95 | 0.95 | 1.07 | ||||||||||||||
Average | 0.93 | 0.92 | 0.93 | 0.95 | ||||||||||||||
Low | 0.87 | 0.89 | 0.87 | 0.89 | ||||||||||||||
At period-end | 0.88 | 0.94 | 0.88 | 0.94 | ||||||||||||||
One Nigerian naira into U.S. dollars | ||||||||||||||||||
High | 0.0062 | 0.0064 | 0.0063 | 0.0065 | ||||||||||||||
Average | 0.0061 | 0.0063 | 0.0062 | 0.0063 | ||||||||||||||
Low | 0.006 | 0.0061 | 0.006 | 0.0061 | ||||||||||||||
At period-end | 0.006 | 0.0063 | 0.006 | 0.0063 | ||||||||||||||
Schedule of Foreign Exchange Impact [Table Text Block] | ' | |||||||||||||||||
We estimate that the fluctuation of currencies versus the same period in the prior fiscal year had the following effect on our financial condition and results of operations (in thousands): | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
September 30, 2014 | September 30, 2014 | |||||||||||||||||
Revenue | $ | 9,510 | $ | 19,855 | ||||||||||||||
Operating expense | (6,027 | ) | (12,109 | ) | ||||||||||||||
Earnings from unconsolidated affiliates, net of losses | (6,620 | ) | (5,898 | ) | ||||||||||||||
Non-operating expense | (2,112 | ) | (1,163 | ) | ||||||||||||||
Income before provision for income taxes | (5,249 | ) | 685 | |||||||||||||||
Benefit (provision) for income taxes | 1,220 | (145 | ) | |||||||||||||||
Net income | (4,029 | ) | 540 | |||||||||||||||
Cumulative translation adjustment | (19,690 | ) | (10,482 | ) | ||||||||||||||
Total stockholders’ investment | $ | (23,719 | ) | $ | (9,942 | ) | ||||||||||||
Interest Income and Interest Expense Disclosure [Table Text Block] | ' | |||||||||||||||||
During the three and six months ended September 30, 2014 and 2013, interest expense, net consisted of the following (in thousands): | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
Interest income | $ | 386 | $ | 762 | $ | 622 | $ | 881 | ||||||||||
Interest expense | (7,958 | ) | (9,078 | ) | (15,321 | ) | (29,448 | ) | ||||||||||
Interest expense, net | $ | (7,572 | ) | $ | (8,316 | ) | $ | (14,699 | ) | $ | (28,567 | ) | ||||||
Capital expenditures [Table Text Block] | ' | |||||||||||||||||
During the three and six months ended September 30, 2014 and 2013, we made capital expenditures as follows: | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
Number of aircraft delivered: | ||||||||||||||||||
Medium | — | 3 | 3 | 5 | ||||||||||||||
Large | 2 | 2 | 8 | 5 | ||||||||||||||
Total aircraft | 2 | 5 | 11 | 10 | ||||||||||||||
Capital expenditures (in thousands): | ||||||||||||||||||
Aircraft and related equipment (1) | $ | 65,386 | $ | 145,653 | $ | 237,484 | $ | 312,880 | ||||||||||
Other | 36,286 | 14,374 | 64,635 | 26,679 | ||||||||||||||
Total capital expenditures | $ | 101,672 | $ | 160,027 | $ | 302,119 | $ | 339,559 | ||||||||||
Aircraft Sales And Impairments [Table Text Block] | ' | |||||||||||||||||
Additionally, the following table presents details on the aircraft sold or disposed of and impairments on assets held for sale during the three and six months ended September 30, 2014 and 2013: | ||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||
September 30, | September 30, | |||||||||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||||||||
(In thousands, except for number of aircraft) | ||||||||||||||||||
Number of aircraft sold or disposed of (1) | 21 | 11 | 25 | 15 | ||||||||||||||
Proceeds from sale or disposal of assets (1) | $ | 391,001 | $ | 153,710 | $ | 397,644 | $ | 155,603 | ||||||||||
Gain (loss) from sale or disposal of assets | $ | 685 | $ | (2,114 | ) | $ | 3,874 | $ | (2,605 | ) | ||||||||
Number of aircraft impaired | 2 | 1 | 6 | 3 | ||||||||||||||
Impairment charges on aircraft held for sale | $ | (558 | ) | $ | (950 | ) | $ | (3,137 | ) | $ | (2,180 | ) |
VARIABLE_INTEREST_ENTITIES_AND1
VARIABLE INTEREST ENTITIES AND OTHER INVESTMENTS IN SIGNIFICANT AFFILIATES (Tables) | 6 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Variable Interest Entities and Other Investments in Significant Affiliates [Abstract] | ' | ||||||||||||||||||
Primary beneficiary variable interest entity balance sheet | ' | ||||||||||||||||||
Bristow Aviation and its subsidiaries are exposed to similar operational risks and are therefore monitored and evaluated on a similar basis by management. Accordingly, the financial information reflected on our condensed consolidated balance sheets and statements of income for Bristow Aviation and subsidiaries is presented in the aggregate, including intercompany amounts with other consolidated entities, as follows (in thousands): | |||||||||||||||||||
September 30, | March 31, | ||||||||||||||||||
2014 | 2014 | ||||||||||||||||||
Assets | |||||||||||||||||||
Cash and cash equivalents | $ | 124,037 | $ | 173,490 | |||||||||||||||
Accounts receivable | 381,721 | 311,641 | |||||||||||||||||
Inventories | 96,551 | 94,288 | |||||||||||||||||
Prepaid expenses and other current assets | 77,883 | 45,791 | |||||||||||||||||
Total current assets | 680,192 | 625,210 | |||||||||||||||||
Investment in unconsolidated affiliates | 1,321 | 1,414 | |||||||||||||||||
Property and equipment, net | 234,041 | 217,969 | |||||||||||||||||
Goodwill | 40,055 | 41,218 | |||||||||||||||||
Other assets | 51,840 | 45,477 | |||||||||||||||||
Total assets | $ | 1,007,449 | $ | 931,288 | |||||||||||||||
Liabilities | |||||||||||||||||||
Accounts payable | $ | 270,915 | $ | 182,892 | |||||||||||||||
Accrued liabilities | 122,404 | 113,820 | |||||||||||||||||
Accrued interest | 1,390,337 | 1,291,581 | |||||||||||||||||
Deferred taxes | 1,631 | 3,588 | |||||||||||||||||
Current maturities of long-term debt | 6,854 | 9,664 | |||||||||||||||||
Total current liabilities | 1,792,141 | 1,601,545 | |||||||||||||||||
Long-term debt, less current maturities | 165,072 | 172,391 | |||||||||||||||||
Accrued pension liabilities | 71,815 | 86,824 | |||||||||||||||||
Other liabilities and deferred credits | 8,714 | 2,252 | |||||||||||||||||
Deferred taxes | 10,820 | 13,062 | |||||||||||||||||
Temporary equity | 24,264 | 22,283 | |||||||||||||||||
Total liabilities | $ | 2,072,826 | $ | 1,898,357 | |||||||||||||||
Primary beneficiary variable interest income statement items | ' | ||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Revenue | $ | 391,615 | $ | 330,006 | $ | 775,432 | $ | 641,807 | |||||||||||
Operating income | 7,018 | 18,536 | 23,718 | 27,667 | |||||||||||||||
Net income (loss) (1) | (47,767 | ) | 81,236 | (85,348 | ) | 48,886 | |||||||||||||
DEBT_Tables
DEBT (Tables) | 6 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||
Schedule of debt | ' | ||||||||||||||||||
Debt as of September 30 and March 31, 2014 consisted of the following (in thousands): | |||||||||||||||||||
September 30, | March 31, | ||||||||||||||||||
2014 | 2014 | ||||||||||||||||||
6¼% Senior Notes due 2022 | $ | 418,770 | $ | 450,000 | |||||||||||||||
Term Loan | 224,396 | 226,604 | |||||||||||||||||
3% Convertible Senior Notes due 2038, including $3.0 million and $5.1 million of unamortized discount, respectively | 111,971 | 109,904 | |||||||||||||||||
Revolving Credit Facility | — | 24,000 | |||||||||||||||||
Eastern Airways debt | 23,855 | 29,911 | |||||||||||||||||
Other | 542 | 883 | |||||||||||||||||
Total debt | 779,534 | 841,302 | |||||||||||||||||
Less short-term borrowings and current maturities of long-term debt | (13,669 | ) | (14,207 | ) | |||||||||||||||
Total long-term debt | $ | 765,865 | $ | 827,095 | |||||||||||||||
Schedule of convertible debt | ' | ||||||||||||||||||
The balances of the debt and equity components of the 3% Convertible Senior Notes due 2038 (the “3% Convertible Senior Notes”) as of September 30 and March 31, 2014 are as follows (in thousands): | |||||||||||||||||||
September 30, | March 31, | ||||||||||||||||||
2014 | 2014 | ||||||||||||||||||
Equity component – net carrying value | $ | 14,905 | $ | 14,905 | |||||||||||||||
Debt component: | |||||||||||||||||||
Face amount due at maturity | $ | 115,000 | $ | 115,000 | |||||||||||||||
Unamortized discount | (3,029 | ) | (5,096 | ) | |||||||||||||||
Debt component – net carrying value | $ | 111,971 | $ | 109,904 | |||||||||||||||
Schedule of convertible debt interest expense | ' | ||||||||||||||||||
Interest expense related to our 3% Convertible Senior Notes for the three and six months ended September 30, 2014 and 2013 was as follows (in thousands): | |||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Contractual coupon interest | $ | 863 | $ | 863 | $ | 1,726 | $ | 1,726 | |||||||||||
Amortization of debt discount | 1,048 | 789 | 2,067 | 1,710 | |||||||||||||||
Total interest expense | $ | 1,911 | $ | 1,652 | $ | 3,793 | $ | 3,436 | |||||||||||
FAIR_VALUE_DISCLOSURES_Tables
FAIR VALUE DISCLOSURES (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||||||
Schedule of fair value assets measured on non-recurring basis | ' | ||||||||||||||||||||||||
The following table summarizes the assets as of September 30, 2013, valued at fair value on a non-recurring basis (in thousands): | |||||||||||||||||||||||||
Quoted Prices in Active | Significant Other | Significant | Balance as of | Total | Total | ||||||||||||||||||||
Markets for | Observable Inputs | Unobservable | September 30, | Loss for the | Loss for the | ||||||||||||||||||||
Identical Assets | (Level 2) | Inputs | 2013 | Three Months | Six Months | ||||||||||||||||||||
(Level 1) | (Level 3) | Ended | Ended | ||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2013 | ||||||||||||||||||||||||
Inventories | $ | — | $ | 18,365 | $ | — | $ | 18,365 | $ | (1,539 | ) | $ | (2,364 | ) | |||||||||||
Assets held for sale | — | 3,367 | — | 3,367 | (950 | ) | (2,180 | ) | |||||||||||||||||
Total assets | $ | — | $ | 21,732 | $ | — | $ | 21,732 | $ | (2,489 | ) | $ | (4,544 | ) | |||||||||||
The following table summarizes the assets as of September 30, 2014, valued at fair value on a non-recurring basis (in thousands): | |||||||||||||||||||||||||
Quoted Prices in Active | Significant Other | Significant | Balance as of | Total | Total | ||||||||||||||||||||
Markets for | Observable Inputs | Unobservable | September 30, | Loss for the | Loss for the | ||||||||||||||||||||
Identical Assets | (Level 2) | Inputs | 2014 | Three Months | Six Months | ||||||||||||||||||||
(Level 1) | (Level 3) | Ended | Ended | ||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2014 | 2014 | ||||||||||||||||||||||||
Inventories | $ | — | $ | 19,446 | $ | — | $ | 19,446 | $ | (3,362 | ) | $ | (3,362 | ) | |||||||||||
Assets held for sale | — | 4,650 | — | 4,650 | (558 | ) | (3,137 | ) | |||||||||||||||||
Total assets | $ | — | $ | 24,096 | $ | — | $ | 24,096 | $ | (3,920 | ) | $ | (6,499 | ) | |||||||||||
Schedule of fair value assets measured on recurring basis | ' | ||||||||||||||||||||||||
The following table summarizes the financial instruments we had as of September 30, 2014, valued at fair value on a recurring basis (in thousands): | |||||||||||||||||||||||||
Quoted Prices | Significant | Significant | Balance as of | Balance Sheet | |||||||||||||||||||||
in Active | Other | Unobservable | September 30, | Classification | |||||||||||||||||||||
Markets for | Observable | Inputs | 2014 | ||||||||||||||||||||||
Identical | Inputs | (Level 3) | |||||||||||||||||||||||
Assets | (Level 2) | ||||||||||||||||||||||||
(Level 1) | |||||||||||||||||||||||||
Rabbi Trust investments | $ | 5,413 | $ | — | $ | — | $ | 5,413 | Other assets | ||||||||||||||||
Total assets | $ | 5,413 | $ | — | $ | — | $ | 5,413 | |||||||||||||||||
Contingent consideration: (1) | |||||||||||||||||||||||||
Current | $ | — | $ | — | $ | 7,770 | $ | 7,770 | Other accrued liabilities | ||||||||||||||||
Long-term | — | — | 23,886 | 23,886 | Other liabilities and deferred credits | ||||||||||||||||||||
Total liabilities | $ | — | $ | — | $ | 31,656 | $ | 31,656 | |||||||||||||||||
The following table summarizes the financial instruments we had as of March 31, 2014, valued at fair value on a recurring basis (in thousands): | |||||||||||||||||||||||||
Quoted Prices | Significant | Significant | Balance as of | Balance Sheet | |||||||||||||||||||||
in Active | Other | Unobservable | March 31, | Classification | |||||||||||||||||||||
Markets for | Observable | Inputs | 2014 | ||||||||||||||||||||||
Identical | Inputs | (Level 3) | |||||||||||||||||||||||
Assets | (Level 2) | ||||||||||||||||||||||||
(Level 1) | |||||||||||||||||||||||||
Rabbi Trust investments | $ | 6,599 | $ | — | $ | — | $ | 6,599 | Other assets | ||||||||||||||||
Total assets | $ | 6,599 | $ | — | $ | — | $ | 6,599 | |||||||||||||||||
Contingent consideration: (1) | |||||||||||||||||||||||||
Current | $ | — | $ | — | $ | 7,652 | $ | 7,652 | Other accrued liabilities | ||||||||||||||||
Long-term | — | — | 23,670 | 23,670 | Other liabilities and deferred credits | ||||||||||||||||||||
Total liabilities | $ | — | $ | — | $ | 31,322 | $ | 31,322 | |||||||||||||||||
Schedule of contingent consideration | ' | ||||||||||||||||||||||||
The following table provides a rollforward of the contingent consideration liability Level 3 fair value measurements during the six months ended September 30, 2014 (in thousands): | |||||||||||||||||||||||||
Significant | |||||||||||||||||||||||||
Unobservable | |||||||||||||||||||||||||
Inputs (Level 3) | |||||||||||||||||||||||||
Balance as of March 31, 2014 | $ | 31,322 | |||||||||||||||||||||||
Change in fair value of contingent consideration | 334 | ||||||||||||||||||||||||
Balance as of September 30, 2014 | $ | 31,656 | |||||||||||||||||||||||
Schedule of fair value of debt | ' | ||||||||||||||||||||||||
The carrying and fair value of our long-term debt, including the current portion, are as follows (in thousands): | |||||||||||||||||||||||||
30-Sep-14 | 31-Mar-14 | ||||||||||||||||||||||||
Carrying | Fair Value | Carrying | Fair Value | ||||||||||||||||||||||
Value | Value | ||||||||||||||||||||||||
6¼% Senior Notes | $ | 418,770 | $ | 434,474 | $ | 450,000 | $ | 477,000 | |||||||||||||||||
Term Loan | 224,396 | 224,396 | 226,604 | 226,604 | |||||||||||||||||||||
3% Convertible Senior Notes | 111,971 | 123,775 | 109,904 | 142,382 | |||||||||||||||||||||
Revolving Credit Facility | — | — | 24,000 | 24,000 | |||||||||||||||||||||
Eastern Airways debt | 23,855 | 23,855 | 29,911 | 29,911 | |||||||||||||||||||||
Other | 542 | 542 | 883 | 883 | |||||||||||||||||||||
$ | 779,534 | $ | 807,042 | $ | 841,302 | $ | 900,780 | ||||||||||||||||||
COMMITMENTS_AND_CONTINGENCIES_
COMMITMENTS AND CONTINGENCIES (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Aircraft Purchase Contracts Table | ' | ||||||||||||||||||||||||
As shown in the table below, we expect to make additional capital expenditures over the next five fiscal years to purchase additional aircraft. As of September 30, 2014, we had 35 aircraft on order and options to acquire an additional 48 aircraft. Although a similar number of our existing aircraft may be sold during the same period, the additional aircraft on order will provide incremental fleet capacity in terms of revenue and operating income. As discussed in the fiscal year 2014 Financial Statements, we were awarded a contract to provide civilian SAR services for all of the U.K. The SAR configured aircraft on order in the table below are intended to service this contract and other SAR contracts. | |||||||||||||||||||||||||
Six Months Ending March 31, 2015 | Fiscal Year Ending March 31, | ||||||||||||||||||||||||
2016 | 2017 | 2018 | 2019 and thereafter | Total | |||||||||||||||||||||
Commitments as of September 30, 2014: (1)(4) | |||||||||||||||||||||||||
Number of aircraft: | |||||||||||||||||||||||||
Medium | — | 7 | — | — | — | 7 | |||||||||||||||||||
Large (2) | 2 | 9 | 6 | — | — | 17 | |||||||||||||||||||
SAR configured | 5 | 6 | — | — | — | 11 | |||||||||||||||||||
7 | 22 | 6 | — | — | 35 | ||||||||||||||||||||
Related expenditures (in thousands)(3)(4) | |||||||||||||||||||||||||
Medium and large | $ | 74,420 | $ | 284,874 | $ | 71,606 | $ | — | $ | — | $ | 430,900 | |||||||||||||
SAR configured | 90,640 | 99,690 | — | — | — | 190,330 | |||||||||||||||||||
$ | 165,060 | $ | 384,564 | $ | 71,606 | $ | — | $ | — | $ | 621,230 | ||||||||||||||
Options as of September 30, 2014: | |||||||||||||||||||||||||
Number of aircraft: | |||||||||||||||||||||||||
Medium | — | 4 | 7 | 7 | — | 18 | |||||||||||||||||||
Large (2) | — | 3 | 12 | 12 | 3 | 30 | |||||||||||||||||||
— | 7 | 19 | 19 | 3 | 48 | ||||||||||||||||||||
Related expenditures (in thousands)(3) | $ | 34,458 | $ | 224,754 | $ | 401,642 | $ | 280,152 | $ | 37,966 | $ | 978,972 | |||||||||||||
Rollforward schedule of aircraft purchase orders and options | ' | ||||||||||||||||||||||||
The following chart presents an analysis of our aircraft orders and options during fiscal year 2015: | |||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||
30-Sep-14 | 30-Jun-14 | ||||||||||||||||||||||||
Orders | Options | Orders | Options | ||||||||||||||||||||||
Beginning of period | 37 | 51 | 43 | 55 | |||||||||||||||||||||
Aircraft delivered | (2 | ) | — | (9 | ) | — | |||||||||||||||||||
Exercised options | — | — | 3 | (3 | ) | ||||||||||||||||||||
Expired options | — | (3 | ) | — | (1 | ) | |||||||||||||||||||
End of period | 35 | 48 | 37 | 51 | |||||||||||||||||||||
Aircraft Lease Table | ' | ||||||||||||||||||||||||
The following is a summary of the terms related to aircraft leased under operating leases with original or remaining terms in excess of one year as of September 30, 2014: | |||||||||||||||||||||||||
End of Lease Term | Number of Aircraft | Monthly Lease Payments | |||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Six months ending March 31, 2015 to fiscal year 2016 | 4 | $ | 716 | ||||||||||||||||||||||
Fiscal year 2017 to fiscal year 2019 | 28 | 4,589 | |||||||||||||||||||||||
Fiscal year 2020 to fiscal year 2024 | 43 | 6,486 | |||||||||||||||||||||||
75 | $ | 11,791 | |||||||||||||||||||||||
EMPLOYEE_BENEFIT_PLANS_Tables
EMPLOYEE BENEFIT PLANS (Tables) | 6 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' | ||||||||||||||||||
Schedule of components of net periodic pension cost | ' | ||||||||||||||||||
The following table provides a detail of the components of net periodic pension cost (in thousands): | |||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Service cost for benefits earned during the period | $ | 2,087 | $ | 2,070 | $ | 4,333 | $ | 4,121 | |||||||||||
Interest cost on pension benefit obligation | 6,437 | 6,602 | 13,366 | 13,140 | |||||||||||||||
Expected return on assets | (7,638 | ) | (7,171 | ) | (15,861 | ) | (14,273 | ) | |||||||||||
Amortization of unrecognized losses | 1,641 | 1,897 | 3,409 | 3,774 | |||||||||||||||
Net periodic pension cost | $ | 2,527 | $ | 3,398 | $ | 5,247 | $ | 6,762 | |||||||||||
Schedule of Black Scholes Assumptions | ' | ||||||||||||||||||
The following table shows the assumptions used to compute the stock-based compensation expense for stock options granted during the six months ended September 30, 2014: | |||||||||||||||||||
Risk free interest rate | 1.67 | % | |||||||||||||||||
Expected life (years) | 5 | ||||||||||||||||||
Volatility | 34.2 | % | |||||||||||||||||
Dividend yield | 1.92 | % | |||||||||||||||||
Weighted average exercise price of options granted | $74.52 per option | ||||||||||||||||||
Weighted average grant-date fair value of options granted | $17.21 per option | ||||||||||||||||||
DIVIDENDS_SHARE_REPURCHASES_EA1
DIVIDENDS, SHARE REPURCHASES, EARNINGS PER SHARE AND ACCUMULATED OTHER COMPREHENSIVE INCOME (TABLES) | 6 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Dividends, Share Repurchases, Earning Per Share and Accumulated Other Comprehensive Income [Abstract] | ' | ||||||||||||||||||
Schedule of antidilutive securities | ' | ||||||||||||||||||
Diluted earnings per common share excludes options to purchase shares and restricted stock awards, which were outstanding during the period but were anti-dilutive, as follows: | |||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Options: | |||||||||||||||||||
Outstanding | 298,333 | 596,191 | 300,686 | 497,041 | |||||||||||||||
Weighted average exercise price | $ | 62.17 | $ | 53.1 | $ | 62.17 | $ | 50.84 | |||||||||||
Restricted stock awards: | |||||||||||||||||||
Outstanding | 2,313 | — | 1,150 | 5,611 | |||||||||||||||
Weighted average price | $ | 72.98 | $ | — | $ | 72.98 | $ | 68.31 | |||||||||||
Schedule Of Earnings Per Share Basic And Diluted [Table Text Block] | ' | ||||||||||||||||||
The following table sets forth the computation of basic and diluted earnings per share: | |||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Net income available to common stockholders (in thousands): | |||||||||||||||||||
Income available to common stockholders – basic | $ | 26,082 | $ | 110,606 | $ | 70,191 | $ | 137,492 | |||||||||||
Interest expense on assumed conversion of 3% Convertible Senior Notes, net of tax (1) | — | — | — | — | |||||||||||||||
Income available to common stockholders – diluted | $ | 26,082 | $ | 110,606 | $ | 70,191 | $ | 137,492 | |||||||||||
Shares: | |||||||||||||||||||
Weighted average number of common shares outstanding – basic | 35,447,094 | 36,403,556 | 35,495,319 | 36,265,932 | |||||||||||||||
Assumed conversion of 3% Convertible Senior Notes outstanding during the period (1) | — | — | — | — | |||||||||||||||
Net effect of dilutive stock options and restricted stock awards based on the treasury stock method | 234,398 | 297,670 | 301,167 | 352,492 | |||||||||||||||
Weighted average number of common shares outstanding – diluted | 35,681,492 | 36,701,226 | 35,796,486 | 36,618,424 | |||||||||||||||
Basic earnings per common share | $ | 0.74 | $ | 3.04 | $ | 1.98 | $ | 3.79 | |||||||||||
Diluted earnings per common share | $ | 0.73 | $ | 3.01 | $ | 1.96 | $ | 3.75 | |||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | ||||||||||||||||||
The following table sets forth the changes in the balances of each component of accumulated other comprehensive income: | |||||||||||||||||||
Currency Translation Adjustments | Pension Liability Adjustments (1) | Total | |||||||||||||||||
Balance as of March 31, 2014 | $ | 57,812 | $ | (214,318 | ) | $ | (156,506 | ) | |||||||||||
Other comprehensive income before reclassification | (10,482 | ) | — | (10,482 | ) | ||||||||||||||
Reclassified from accumulated other comprehensive income | — | — | — | ||||||||||||||||
Net current period other comprehensive income | (10,482 | ) | — | (10,482 | ) | ||||||||||||||
Foreign exchange rate impact | (5,742 | ) | 5,742 | — | |||||||||||||||
Balance at September 30, 2014 | $ | 41,588 | $ | (208,576 | ) | $ | (166,988 | ) | |||||||||||
SEGMENT_INFORMATION_Tables
SEGMENT INFORMATION (Tables) | 6 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||
Segments [Abstract] | ' | ||||||||||||||||||
Schedule of revenue by segment | ' | ||||||||||||||||||
The following shows business unit information for the three and six months ended September 30, 2014 and 2013 and as of September 30 and March 31, 2014, where applicable, reconciled to consolidated totals, and prepared on the same basis as our condensed consolidated financial statements (in thousands): | |||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Business unit gross revenue from external clients: | |||||||||||||||||||
Europe | $ | 231,599 | $ | 185,743 | $ | 460,004 | $ | 352,452 | |||||||||||
West Africa | 82,979 | 79,488 | 165,835 | 158,869 | |||||||||||||||
North America | 56,049 | 60,718 | 113,691 | 119,300 | |||||||||||||||
Australia | 53,027 | 40,466 | 104,630 | 84,464 | |||||||||||||||
Other International | 35,805 | 32,247 | 71,331 | 65,222 | |||||||||||||||
Corporate and other | 16,177 | 18,666 | 32,683 | 36,015 | |||||||||||||||
Total business unit gross revenue | $ | 475,636 | $ | 417,328 | $ | 948,174 | $ | 816,322 | |||||||||||
Intra-business unit gross revenue: | |||||||||||||||||||
Europe | $ | 902 | $ | — | $ | 1,063 | $ | — | |||||||||||
West Africa | — | — | — | — | |||||||||||||||
North America | 17 | 9 | 17 | (7 | ) | ||||||||||||||
Australia | — | — | — | — | |||||||||||||||
Other International | — | — | 8 | — | |||||||||||||||
Corporate and other | 1,122 | 1,210 | 1,893 | 2,073 | |||||||||||||||
Total intra-business unit gross revenue | $ | 2,041 | $ | 1,219 | $ | 2,981 | $ | 2,066 | |||||||||||
Consolidated gross revenue reconciliation: | |||||||||||||||||||
Europe | $ | 232,501 | $ | 185,743 | $ | 461,067 | $ | 352,452 | |||||||||||
West Africa | 82,979 | 79,488 | 165,835 | 158,869 | |||||||||||||||
North America | 56,066 | 60,727 | 113,708 | 119,293 | |||||||||||||||
Australia | 53,027 | 40,466 | 104,630 | 84,464 | |||||||||||||||
Other International | 35,805 | 32,247 | 71,339 | 65,222 | |||||||||||||||
Corporate and other | 17,299 | 19,876 | 34,576 | 38,088 | |||||||||||||||
Intra-business unit eliminations | (2,041 | ) | (1,219 | ) | (2,981 | ) | (2,066 | ) | |||||||||||
Total consolidated gross revenue | $ | 475,636 | $ | 417,328 | $ | 948,174 | $ | 816,322 | |||||||||||
Schedule Of Earnings From Unconsolidated Affiliates | ' | ||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Earnings from unconsolidated affiliates, net of losses – equity method investments: | |||||||||||||||||||
Europe | 407 | 873 | 781 | 3,913 | |||||||||||||||
North America | (113 | ) | 112 | (579 | ) | 104 | |||||||||||||
Other International | (3,198 | ) | 2,103 | 1,175 | 11,043 | ||||||||||||||
Total earnings from unconsolidated affiliates, net of losses – equity method investments | (2,904 | ) | 3,088 | 1,377 | 15,060 | ||||||||||||||
Schedule of consolidated operating income loss | ' | ||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Consolidated operating income (loss) reconciliation: | |||||||||||||||||||
Europe | 39,581 | 32,958 | 79,950 | 52,979 | |||||||||||||||
West Africa | 19,025 | 18,231 | 35,687 | 37,484 | |||||||||||||||
North America | 7,923 | 9,164 | 20,469 | 17,287 | |||||||||||||||
Australia | 987 | 2,508 | 3,240 | 5,788 | |||||||||||||||
Other International | 2,956 | 8,654 | 13,358 | 27,096 | |||||||||||||||
Corporate and other | (26,535 | ) | (14,516 | ) | (44,185 | ) | (25,795 | ) | |||||||||||
Gain (loss) on disposal of assets | 127 | (3,064 | ) | 737 | (4,785 | ) | |||||||||||||
Total consolidated operating income | 44,064 | 53,935 | 109,256 | 110,054 | |||||||||||||||
Schedule of depreciation and amortization | ' | ||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||||
Depreciation and amortization: | |||||||||||||||||||
Europe | 10,538 | 8,206 | 20,260 | 15,454 | |||||||||||||||
West Africa | 3,538 | 3,435 | 7,077 | 6,695 | |||||||||||||||
North America | 6,238 | 6,057 | 11,014 | 12,196 | |||||||||||||||
Australia | 4,351 | 1,908 | 7,960 | 3,797 | |||||||||||||||
Other International | 3,684 | 3,586 | 7,088 | 7,216 | |||||||||||||||
Corporate and other | (144 | ) | 666 | 140 | 1,319 | ||||||||||||||
Total depreciation and amortization | 28,205 | 23,858 | 53,539 | 46,677 | |||||||||||||||
Schedule of identifiable assets | ' | ||||||||||||||||||
September 30, | March 31, | ||||||||||||||||||
2014 | 2014 | ||||||||||||||||||
Identifiable assets: | |||||||||||||||||||
Europe | $ | 819,899 | $ | 932,803 | |||||||||||||||
West Africa | 446,969 | 454,161 | |||||||||||||||||
North America | 548,644 | 487,659 | |||||||||||||||||
Australia | 284,472 | 260,483 | |||||||||||||||||
Other International | 551,863 | 579,571 | |||||||||||||||||
Corporate and other | 626,550 | 683,580 | |||||||||||||||||
Total identifiable assets (2) | $ | 3,278,397 | $ | 3,398,257 | |||||||||||||||
Schedule of equity method investments | ' | ||||||||||||||||||
September 30, | March 31, | ||||||||||||||||||
2014 | 2014 | ||||||||||||||||||
Investments in unconsolidated affiliates – equity method investments: | |||||||||||||||||||
Europe | $ | 1,073 | $ | 1,067 | |||||||||||||||
North America | 60,991 | 61,570 | |||||||||||||||||
Other International | 192,829 | 193,692 | |||||||||||||||||
Total investments in unconsolidated affiliates – equity method investments | $ | 254,893 | $ | 256,329 | |||||||||||||||
SUPPLEMENTAL_CONDENSED_CONSOLI1
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables) | 6 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
DisclosureTextBlockAbstract [Abstract] | ' | ||||||||||||||||||||
Condensed Income Statement [Table Text Block] | ' | ||||||||||||||||||||
Supplemental Condensed Consolidating Statement of Income | |||||||||||||||||||||
Three Months Ended September 30, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenue: | |||||||||||||||||||||
Gross revenue | $ | — | $ | 73,715 | $ | 401,921 | $ | — | $ | 475,636 | |||||||||||
Intercompany revenue | 311 | 25,187 | — | (25,498 | ) | — | |||||||||||||||
311 | 98,902 | 401,921 | (25,498 | ) | 475,636 | ||||||||||||||||
Operating expense: | |||||||||||||||||||||
Direct cost and reimbursable expense | — | 56,888 | 281,978 | — | 338,866 | ||||||||||||||||
Intercompany expenses | — | — | 25,498 | (25,498 | ) | — | |||||||||||||||
Depreciation and amortization | 1,420 | 11,886 | 14,899 | — | 28,205 | ||||||||||||||||
General and administrative | 19,841 | 7,147 | 34,736 | — | 61,724 | ||||||||||||||||
21,261 | 75,921 | 357,111 | (25,498 | ) | 428,795 | ||||||||||||||||
Gain (loss) on disposal of assets | — | 1,200 | (1,073 | ) | — | 127 | |||||||||||||||
Earnings from unconsolidated affiliates, net of losses | 15,992 | — | (2,904 | ) | (15,992 | ) | (2,904 | ) | |||||||||||||
Operating income | (4,958 | ) | 24,181 | 40,833 | (15,992 | ) | 44,064 | ||||||||||||||
Interest expense, net | 28,492 | (960 | ) | (35,104 | ) | — | (7,572 | ) | |||||||||||||
Other income (expense), net | (916 | ) | 169 | (1,934 | ) | — | (2,681 | ) | |||||||||||||
Income before provision for income taxes | 22,618 | 23,390 | 3,795 | (15,992 | ) | 33,811 | |||||||||||||||
Allocation of consolidated income taxes | 3,473 | (994 | ) | (8,465 | ) | — | (5,986 | ) | |||||||||||||
Net income | 26,091 | 22,396 | (4,670 | ) | (15,992 | ) | 27,825 | ||||||||||||||
Net income attributable to noncontrolling interests | (9 | ) | — | (1,734 | ) | — | (1,743 | ) | |||||||||||||
Net income attributable to Bristow Group | $ | 26,082 | $ | 22,396 | $ | (6,404 | ) | $ | (15,992 | ) | $ | 26,082 | |||||||||
Supplemental Condensed Consolidating Statement of Income | |||||||||||||||||||||
Six Months Ended September 30, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenue: | |||||||||||||||||||||
Gross revenue | $ | — | $ | 149,352 | $ | 798,822 | $ | — | $ | 948,174 | |||||||||||
Intercompany revenue | 864 | 50,013 | — | (50,877 | ) | — | |||||||||||||||
864 | 199,365 | 798,822 | (50,877 | ) | 948,174 | ||||||||||||||||
Operating expense: | |||||||||||||||||||||
Direct cost and reimbursable expense | — | 109,953 | 555,384 | — | 665,337 | ||||||||||||||||
Intercompany expenses | — | — | 50,877 | (50,877 | ) | — | |||||||||||||||
Depreciation and amortization | 1,278 | 22,101 | 30,160 | — | 53,539 | ||||||||||||||||
General and administrative | 38,178 | 17,246 | 66,732 | — | 122,156 | ||||||||||||||||
39,456 | 149,300 | 703,153 | (50,877 | ) | 841,032 | ||||||||||||||||
Gain (loss) on disposal of assets | — | 2,538 | (1,801 | ) | — | 737 | |||||||||||||||
Earnings from unconsolidated affiliates, net of losses | 52,984 | — | 1,377 | (52,984 | ) | 1,377 | |||||||||||||||
Operating income | 14,392 | 52,603 | 95,245 | (52,984 | ) | 109,256 | |||||||||||||||
Interest expense, net | 56,010 | (1,966 | ) | (68,743 | ) | — | (14,699 | ) | |||||||||||||
Other income (expense), net | (1,844 | ) | 97 | (2,173 | ) | — | (3,920 | ) | |||||||||||||
Income before provision for income taxes | 68,558 | 50,734 | 24,329 | (52,984 | ) | 90,637 | |||||||||||||||
Allocation of consolidated income taxes | 1,660 | (761 | ) | (18,708 | ) | — | (17,809 | ) | |||||||||||||
Net income | 70,218 | 49,973 | 5,621 | (52,984 | ) | 72,828 | |||||||||||||||
Net income attributable to noncontrolling interests | (27 | ) | — | (2,610 | ) | — | (2,637 | ) | |||||||||||||
Net income attributable to Bristow Group | $ | 70,191 | $ | 49,973 | $ | 3,011 | $ | (52,984 | ) | $ | 70,191 | ||||||||||
Supplemental Condensed Consolidating Statement of Income | |||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenue: | |||||||||||||||||||||
Gross revenue | $ | — | $ | 78,518 | $ | 338,810 | $ | — | $ | 417,328 | |||||||||||
Intercompany revenue | 374 | 21,506 | — | (21,880 | ) | — | |||||||||||||||
374 | 100,024 | 338,810 | (21,880 | ) | 417,328 | ||||||||||||||||
Operating expense: | |||||||||||||||||||||
Direct cost and reimbursable expense | — | 57,543 | 235,537 | — | 293,080 | ||||||||||||||||
Intercompany expenses | — | — | 21,880 | (21,880 | ) | — | |||||||||||||||
Depreciation and amortization | 736 | 11,048 | 12,074 | — | 23,858 | ||||||||||||||||
General and administrative | 14,343 | 8,574 | 23,562 | — | 46,479 | ||||||||||||||||
15,079 | 77,165 | 293,053 | (21,880 | ) | 363,417 | ||||||||||||||||
Loss on disposal of assets | — | (2,927 | ) | (137 | ) | — | (3,064 | ) | |||||||||||||
Earnings from unconsolidated affiliates, net of losses | 138,158 | — | 3,088 | (138,158 | ) | 3,088 | |||||||||||||||
Operating income | 123,453 | 19,932 | 48,708 | (138,158 | ) | 53,935 | |||||||||||||||
Interest expense, net | 21,904 | (1,476 | ) | (28,744 | ) | — | (8,316 | ) | |||||||||||||
Gain on sale of unconsolidated affiliate | — | — | 103,924 | — | 103,924 | ||||||||||||||||
Other income (expense), net | (120 | ) | (174 | ) | 1,781 | — | 1,487 | ||||||||||||||
Income before provision for income taxes | 145,237 | 18,282 | 125,669 | (138,158 | ) | 151,030 | |||||||||||||||
Allocation of consolidated income taxes | (34,617 | ) | (1,843 | ) | (4,686 | ) | — | (41,146 | ) | ||||||||||||
Net income | 110,620 | 16,439 | 120,983 | (138,158 | ) | 109,884 | |||||||||||||||
Net (income) loss attributable to noncontrolling interests | (14 | ) | — | 736 | — | 722 | |||||||||||||||
Net income attributable to Bristow Group | $ | 110,606 | $ | 16,439 | $ | 121,719 | $ | (138,158 | ) | $ | 110,606 | ||||||||||
Supplemental Condensed Consolidating Statement of Income | |||||||||||||||||||||
Six Months Ended September 30, 2013 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenue: | |||||||||||||||||||||
Gross revenue | $ | — | $ | 155,161 | $ | 661,161 | $ | — | $ | 816,322 | |||||||||||
Intercompany revenue | 748 | 41,872 | — | (42,620 | ) | — | |||||||||||||||
748 | 197,033 | 661,161 | (42,620 | ) | 816,322 | ||||||||||||||||
Operating expense: | |||||||||||||||||||||
Direct cost and reimbursable expense | — | 114,987 | 470,092 | — | 585,079 | ||||||||||||||||
Intercompany expenses | — | — | 42,620 | (42,620 | ) | — | |||||||||||||||
Depreciation and amortization | 1,453 | 21,731 | 23,493 | — | 46,677 | ||||||||||||||||
General and administrative | 26,133 | 16,159 | 44,495 | — | 86,787 | ||||||||||||||||
27,586 | 152,877 | 580,700 | (42,620 | ) | 718,543 | ||||||||||||||||
Loss on disposal of assets | — | (1,539 | ) | (3,246 | ) | — | (4,785 | ) | |||||||||||||
Earnings from unconsolidated affiliates, net of losses | 169,908 | — | 17,060 | (169,908 | ) | 17,060 | |||||||||||||||
Operating income | 143,070 | 42,617 | 94,275 | (169,908 | ) | 110,054 | |||||||||||||||
Interest expense, net | 29,505 | (1,507 | ) | (56,565 | ) | — | (28,567 | ) | |||||||||||||
Gain on sale of unconsolidated affiliate | — | — | 103,924 | — | 103,924 | ||||||||||||||||
Other income (expense), net | (118 | ) | (160 | ) | 399 | — | 121 | ||||||||||||||
Income before provision for income taxes | 172,457 | 40,950 | 142,033 | (169,908 | ) | 185,532 | |||||||||||||||
Allocation of consolidated income taxes | (34,934 | ) | (2,368 | ) | (11,434 | ) | — | (48,736 | ) | ||||||||||||
Net income | 137,523 | 38,582 | 130,599 | (169,908 | ) | 136,796 | |||||||||||||||
Net (income) loss attributable to noncontrolling interests | (31 | ) | — | 727 | — | 696 | |||||||||||||||
Net income attributable to Bristow Group | $ | 137,492 | $ | 38,582 | $ | 131,326 | $ | (169,908 | ) | $ | 137,492 | ||||||||||
Condensed Statement of Comprehensive Income [Table Text Block] | ' | ||||||||||||||||||||
Supplemental Condensed Consolidating Statement of Comprehensive Income | |||||||||||||||||||||
Three Months Ended September 30, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Net income | $ | 26,091 | $ | 22,396 | $ | (4,670 | ) | $ | (15,992 | ) | $ | 27,825 | |||||||||
Other comprehensive income: | |||||||||||||||||||||
Currency translation adjustments | (4,650 | ) | — | 33,613 | (48,470 | ) | (19,507 | ) | |||||||||||||
Total comprehensive income | 21,441 | 22,396 | 28,943 | (64,462 | ) | 8,318 | |||||||||||||||
Net income attributable to noncontrolling interests | (9 | ) | — | (1,734 | ) | — | (1,743 | ) | |||||||||||||
Currency translation adjustments attributable to noncontrolling interests | — | — | (183 | ) | — | (183 | ) | ||||||||||||||
Total comprehensive income attributable to noncontrolling interests | (9 | ) | — | (1,917 | ) | — | (1,926 | ) | |||||||||||||
Total comprehensive income attributable to Bristow Group | $ | 21,432 | $ | 22,396 | $ | 27,026 | $ | (64,462 | ) | $ | 6,392 | ||||||||||
Supplemental Condensed Consolidating Statement of Comprehensive Income | |||||||||||||||||||||
Six Months Ended September 30, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Net income | $ | 70,218 | $ | 49,973 | $ | 5,621 | $ | (52,984 | ) | $ | 72,828 | ||||||||||
Other comprehensive income: | |||||||||||||||||||||
Currency translation adjustments | (11,686 | ) | — | 13,968 | (12,798 | ) | (10,516 | ) | |||||||||||||
Total comprehensive income | 58,532 | 49,973 | 19,589 | (65,782 | ) | 62,312 | |||||||||||||||
Net income attributable to noncontrolling interests | (27 | ) | — | (2,610 | ) | — | (2,637 | ) | |||||||||||||
Currency translation adjustments attributable to noncontrolling interests | — | — | 34 | — | 34 | ||||||||||||||||
Total comprehensive income attributable to noncontrolling interests | (27 | ) | — | (2,576 | ) | — | (2,603 | ) | |||||||||||||
Total comprehensive income attributable to Bristow Group | $ | 58,505 | $ | 49,973 | $ | 17,013 | $ | (65,782 | ) | $ | 59,709 | ||||||||||
Supplemental Condensed Consolidating Statement of Comprehensive Income | |||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Net income | $ | 110,620 | $ | 16,439 | $ | 120,983 | $ | (138,158 | ) | $ | 109,884 | ||||||||||
Other comprehensive income: | |||||||||||||||||||||
Currency translation adjustments | 3,105 | — | (14,710 | ) | 27,479 | 15,874 | |||||||||||||||
Total comprehensive income | 113,725 | 16,439 | 106,273 | (110,679 | ) | 125,758 | |||||||||||||||
Net (income) loss attributable to noncontrolling interests | (14 | ) | — | 736 | — | 722 | |||||||||||||||
Currency translation adjustments attributable to noncontrolling interests | — | — | (108 | ) | — | (108 | ) | ||||||||||||||
Total comprehensive (income) loss attributable to noncontrolling interests | (14 | ) | — | 628 | — | 614 | |||||||||||||||
Total comprehensive income attributable to Bristow Group | $ | 113,711 | $ | 16,439 | $ | 106,901 | $ | (110,679 | ) | $ | 126,372 | ||||||||||
Supplemental Condensed Consolidating Statement of Comprehensive Income | |||||||||||||||||||||
Six Months Ended September 30, 2013 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Net income | $ | 137,523 | $ | 38,582 | $ | 130,599 | $ | (169,908 | ) | $ | 136,796 | ||||||||||
Other comprehensive income: | |||||||||||||||||||||
Currency translation adjustments | 4,025 | — | (21,657 | ) | 29,077 | 11,445 | |||||||||||||||
Total comprehensive income | 141,548 | 38,582 | 108,942 | (140,831 | ) | 148,241 | |||||||||||||||
Net (income) loss attributable to noncontrolling interests | (31 | ) | — | 727 | — | 696 | |||||||||||||||
Currency translation adjustments attributable to noncontrolling interests | — | — | (238 | ) | — | (238 | ) | ||||||||||||||
Total comprehensive (income) loss attributable to noncontrolling interests | (31 | ) | — | 489 | — | 458 | |||||||||||||||
Total comprehensive income attributable to Bristow Group | $ | 141,517 | $ | 38,582 | $ | 109,431 | $ | (140,831 | ) | $ | 148,699 | ||||||||||
Condensed Balance Sheet [Table Text Block] | ' | ||||||||||||||||||||
Supplemental Condensed Consolidating Balance Sheet | |||||||||||||||||||||
As of September 30, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 54,476 | $ | 13,768 | $ | 195,666 | $ | — | $ | 263,910 | |||||||||||
Accounts receivable | 117,863 | 165,742 | 340,259 | (328,454 | ) | 295,410 | |||||||||||||||
Inventories | — | 43,312 | 99,502 | — | 142,814 | ||||||||||||||||
Assets held for sale | — | 9,898 | 22,190 | — | 32,088 | ||||||||||||||||
Prepaid expenses and other current assets | 3,498 | 4,683 | 43,542 | — | 51,723 | ||||||||||||||||
Total current assets | 175,837 | 237,403 | 701,159 | (328,454 | ) | 785,945 | |||||||||||||||
Intercompany investment | 1,340,098 | 111,435 | — | (1,451,533 | ) | — | |||||||||||||||
Investment in unconsolidated affiliates | — | — | 259,262 | — | 259,262 | ||||||||||||||||
Intercompany notes receivable | 1,066,847 | — | — | (1,066,847 | ) | — | |||||||||||||||
Property and equipment—at cost: | |||||||||||||||||||||
Land and buildings | 2,688 | 49,236 | 102,078 | — | 154,002 | ||||||||||||||||
Aircraft and equipment | 88,051 | 1,127,606 | 1,227,561 | — | 2,443,218 | ||||||||||||||||
90,739 | 1,176,842 | 1,329,639 | — | 2,597,220 | |||||||||||||||||
Less: Accumulated depreciation and amortization | (14,301 | ) | (211,745 | ) | (284,849 | ) | — | (510,895 | ) | ||||||||||||
76,438 | 965,097 | 1,044,790 | — | 2,086,325 | |||||||||||||||||
Goodwill | — | 4,755 | 50,765 | — | 55,520 | ||||||||||||||||
Other assets | 172,396 | 2,627 | 56,122 | (139,800 | ) | 91,345 | |||||||||||||||
Total assets | $ | 2,831,616 | $ | 1,321,317 | $ | 2,112,098 | $ | (2,986,634 | ) | $ | 3,278,397 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ INVESTMENT | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Accounts payable | $ | 52,973 | $ | 146,863 | $ | 201,656 | $ | (321,693 | ) | $ | 79,799 | ||||||||||
Accrued liabilities | 29,300 | 28,447 | 141,765 | (6,943 | ) | 192,569 | |||||||||||||||
Current deferred taxes | (7,961 | ) | 611 | 19,404 | — | 12,054 | |||||||||||||||
Short-term borrowings and current maturities of long-term debt | 6,815 | — | 6,854 | — | 13,669 | ||||||||||||||||
Deferred sale leaseback advance | — | 137,969 | — | — | 137,969 | ||||||||||||||||
Total current liabilities | 81,127 | 313,890 | 369,679 | (328,636 | ) | 436,060 | |||||||||||||||
Long-term debt, less current maturities | 748,322 | — | 17,543 | — | 765,865 | ||||||||||||||||
Intercompany notes payable | — | 132,735 | 1,074,931 | (1,207,666 | ) | — | |||||||||||||||
Accrued pension liabilities | — | — | 71,815 | — | 71,815 | ||||||||||||||||
Other liabilities and deferred credits | 13,478 | 8,585 | 34,192 | — | 56,255 | ||||||||||||||||
Deferred taxes | 137,896 | 8,191 | 20,567 | — | 166,654 | ||||||||||||||||
Temporary equity | — | — | 24,264 | — | 24,264 | ||||||||||||||||
Stockholders’ investment: | |||||||||||||||||||||
Common stock | 375 | 4,996 | 22,876 | (27,872 | ) | 375 | |||||||||||||||
Additional paid-in-capital | 769,891 | 9,291 | 270,905 | (280,196 | ) | 769,891 | |||||||||||||||
Retained earnings | 1,292,722 | 843,629 | 180,170 | (1,023,799 | ) | 1,292,722 | |||||||||||||||
Accumulated other comprehensive income (loss) | (66,405 | ) | — | 17,882 | (118,465 | ) | (166,988 | ) | |||||||||||||
Treasury shares | (147,388 | ) | — | — | — | (147,388 | ) | ||||||||||||||
Total Bristow Group stockholders’ investment | 1,849,195 | 857,916 | 491,833 | (1,450,332 | ) | 1,748,612 | |||||||||||||||
Noncontrolling interests | 1,598 | — | 7,274 | — | 8,872 | ||||||||||||||||
Total stockholders’ investment | 1,850,793 | 857,916 | 499,107 | (1,450,332 | ) | 1,757,484 | |||||||||||||||
Total liabilities and stockholders’ investment | $ | 2,831,616 | $ | 1,321,317 | $ | 2,112,098 | $ | (2,986,634 | ) | $ | 3,278,397 | ||||||||||
Supplemental Condensed Consolidating Balance Sheet | |||||||||||||||||||||
As of March 31, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 4,640 | $ | — | $ | 200,147 | $ | (446 | ) | $ | 204,341 | ||||||||||
Accounts receivable | 32,280 | 104,155 | 310,288 | (149,280 | ) | 297,443 | |||||||||||||||
Inventories | — | 40,864 | 96,599 | — | 137,463 | ||||||||||||||||
Assets held for sale | — | 8,505 | 20,771 | — | 29,276 | ||||||||||||||||
Prepaid expenses and other current assets | 3,882 | 3,258 | 45,944 | — | 53,084 | ||||||||||||||||
Total current assets | 40,802 | 156,782 | 673,749 | (149,726 | ) | 721,607 | |||||||||||||||
Intercompany investment | 1,273,337 | 111,435 | — | (1,384,772 | ) | — | |||||||||||||||
Investment in unconsolidated affiliates | — | — | 262,615 | — | 262,615 | ||||||||||||||||
Intercompany notes receivable | 1,286,354 | — | — | (1,286,354 | ) | — | |||||||||||||||
Property and equipment—at cost: | |||||||||||||||||||||
Land and buildings | 977 | 49,499 | 95,497 | — | 145,973 | ||||||||||||||||
Aircraft and equipment | 64,094 | 1,357,126 | 1,224,930 | — | 2,646,150 | ||||||||||||||||
65,071 | 1,406,625 | 1,320,427 | — | 2,792,123 | |||||||||||||||||
Less: Accumulated depreciation and amortization | (13,057 | ) | (211,385 | ) | (298,930 | ) | — | (523,372 | ) | ||||||||||||
52,014 | 1,195,240 | 1,021,497 | — | 2,268,751 | |||||||||||||||||
Goodwill | — | 4,755 | 51,925 | — | 56,680 | ||||||||||||||||
Other assets | 204,679 | 1,462 | 50,392 | (167,929 | ) | 88,604 | |||||||||||||||
Total assets | $ | 2,857,186 | $ | 1,469,674 | $ | 2,060,178 | $ | (2,988,781 | ) | $ | 3,398,257 | ||||||||||
LIABILITIES AND STOCKHOLDERS’ INVESTMENT | |||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||
Accounts payable | $ | 8,298 | $ | 67,728 | $ | 157,297 | $ | (143,505 | ) | $ | 89,818 | ||||||||||
Accrued liabilities | 36,442 | 32,084 | 141,423 | (5,451 | ) | 204,498 | |||||||||||||||
Current deferred taxes | (7,640 | ) | (1,342 | ) | 21,354 | — | 12,372 | ||||||||||||||
Short-term borrowings and current maturities of long-term debt | 4,543 | — | 9,664 | — | 14,207 | ||||||||||||||||
Deferred sale leaseback | — | 136,930 | — | — | 136,930 | ||||||||||||||||
Total current liabilities | 41,643 | 235,400 | 329,738 | (148,956 | ) | 457,825 | |||||||||||||||
Long-term debt, less current maturities | 805,965 | — | 21,130 | — | 827,095 | ||||||||||||||||
Intercompany notes payable | — | 378,983 | 1,076,292 | (1,455,275 | ) | — | |||||||||||||||
Accrued pension liabilities | — | — | 86,823 | — | 86,823 | ||||||||||||||||
Other liabilities and deferred credits | 13,750 | 37,876 | 26,500 | — | 78,126 | ||||||||||||||||
Deferred taxes | 144,461 | 9,472 | 15,586 | — | 169,519 | ||||||||||||||||
Temporary equity | — | — | 22,283 | — | 22,283 | ||||||||||||||||
Stockholders’ investment: | |||||||||||||||||||||
Common stock | 373 | 4,996 | 22,876 | (27,872 | ) | 373 | |||||||||||||||
Additional paid-in-capital | 762,813 | 9,291 | 270,905 | (280,196 | ) | 762,813 | |||||||||||||||
Retained earnings | 1,245,220 | 793,656 | 177,159 | (970,815 | ) | 1,245,220 | |||||||||||||||
Accumulated other comprehensive income (loss) | (54,719 | ) | — | 3,880 | (105,667 | ) | (156,506 | ) | |||||||||||||
Treasury shares | (103,965 | ) | — | — | — | (103,965 | ) | ||||||||||||||
Total Bristow Group stockholders’ investment | 1,849,722 | 807,943 | 474,820 | (1,384,550 | ) | 1,747,935 | |||||||||||||||
Noncontrolling interests | 1,645 | — | 7,006 | — | 8,651 | ||||||||||||||||
Total stockholders’ investment | 1,851,367 | 807,943 | 481,826 | (1,384,550 | ) | 1,756,586 | |||||||||||||||
Total liabilities and stockholders’ investment | $ | 2,857,186 | $ | 1,469,674 | $ | 2,060,178 | $ | (2,988,781 | ) | $ | 3,398,257 | ||||||||||
Condensed Cash Flow Statement [Table Text Block] | ' | ||||||||||||||||||||
Supplemental Condensed Consolidating Statement of Cash Flows | |||||||||||||||||||||
Six Months Ended September 30, 2014 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | (45,192 | ) | $ | 115,666 | $ | 30,247 | $ | 446 | $ | 101,167 | ||||||||||
Cash flows from investing activities: | |||||||||||||||||||||
Capital expenditures | (25,668 | ) | (141,269 | ) | (135,182 | ) | — | (302,119 | ) | ||||||||||||
Proceeds from asset dispositions | — | 208,373 | 189,271 | — | 397,644 | ||||||||||||||||
Net cash provided by (used in) investing activities | (25,668 | ) | 67,104 | 54,089 | — | 95,525 | |||||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||
Proceeds from borrowings | 218,000 | — | 1,354 | — | 219,354 | ||||||||||||||||
Repayment of debt | (275,502 | ) | — | (7,336 | ) | — | (282,838 | ) | |||||||||||||
Dividends paid | (22,689 | ) | — | — | — | (22,689 | ) | ||||||||||||||
Increases (decreases) in cash related to intercompany advances and debt | 241,300 | (169,002 | ) | (72,298 | ) | — | — | ||||||||||||||
Partial prepayment of put/call obligation | (30 | ) | — | — | — | (30 | ) | ||||||||||||||
Acquisition of noncontrolling interest | — | — | (3,170 | ) | — | (3,170 | ) | ||||||||||||||
Repurchase of Common Stock | (43,423 | ) | — | — | — | (43,423 | ) | ||||||||||||||
Issuance of Common Stock | 1,398 | — | — | — | 1,398 | ||||||||||||||||
Tax benefit related to stock-based compensation | 1,642 | — | — | — | 1,642 | ||||||||||||||||
Net cash provided by (used in) financing activities | 120,696 | (169,002 | ) | (81,450 | ) | — | (129,756 | ) | |||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | (7,367 | ) | — | (7,367 | ) | ||||||||||||||
Net increase (decrease) in cash and cash equivalents | 49,836 | 13,768 | (4,481 | ) | 446 | 59,569 | |||||||||||||||
Cash and cash equivalents at beginning of period | 4,640 | — | 200,147 | (446 | ) | 204,341 | |||||||||||||||
Cash and cash equivalents at end of period | $ | 54,476 | $ | 13,768 | $ | 195,666 | $ | — | $ | 263,910 | |||||||||||
Supplemental Condensed Consolidating Statement of Cash Flows | |||||||||||||||||||||
Six Months Ended September 30, 2013 | |||||||||||||||||||||
Parent | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||
Company | Subsidiaries | Guarantor | |||||||||||||||||||
Only | Subsidiaries | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | (20,277 | ) | $ | 46,258 | $ | 106,495 | $ | — | $ | 132,476 | ||||||||||
Cash flows from investing activities: | |||||||||||||||||||||
Capital expenditures | (11,206 | ) | (275,801 | ) | (158,415 | ) | 105,863 | (339,559 | ) | ||||||||||||
Proceeds from asset dispositions | — | 154,689 | 106,777 | (105,863 | ) | 155,603 | |||||||||||||||
Proceeds from sale of unconsolidated affiliate | — | — | 112,210 | — | 112,210 | ||||||||||||||||
Net cash provided by (used in) investing activities | (11,206 | ) | (121,112 | ) | 60,572 | — | (71,746 | ) | |||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||
Proceeds from borrowings | 157,500 | — | 2,646 | — | 160,146 | ||||||||||||||||
Debt issuance costs | (15,152 | ) | — | — | — | (15,152 | ) | ||||||||||||||
Repayment of debt | (114,806 | ) | — | (2,942 | ) | — | (117,748 | ) | |||||||||||||
Dividends paid | (15,072 | ) | 34 | (3,100 | ) | — | (18,138 | ) | |||||||||||||
Increases (decreases) in cash related to intercompany advances and debt | (24,615 | ) | 73,818 | (49,203 | ) | — | — | ||||||||||||||
Partial prepayment of put/call obligation | (27 | ) | — | — | — | (27 | ) | ||||||||||||||
Issuance of Common Stock | 11,550 | — | — | — | 11,550 | ||||||||||||||||
Tax benefit related to stock-based compensation | 4,234 | — | — | — | 4,234 | ||||||||||||||||
Net cash provided by (used in) financing activities | 3,612 | 73,852 | (52,599 | ) | — | 24,865 | |||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | 12,303 | — | 12,303 | ||||||||||||||||
Net increase (decrease) in cash and cash equivalents | (27,871 | ) | (1,002 | ) | 126,771 | — | 97,898 | ||||||||||||||
Cash and cash equivalents at beginning of period | 31,853 | 5,370 | 178,400 | — | 215,623 | ||||||||||||||||
Cash and cash equivalents at end of period | $ | 3,982 | $ | 4,368 | $ | 305,171 | $ | — | $ | 313,521 | |||||||||||
BASIS_OF_PRESENTATION_CONSOLID3
BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) | 3 Months Ended | 6 Months Ended | 10 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | |
USD ($) | USD ($) | GBP (£) | USD ($) | USD ($) | USD ($) | USD ($) | FB Entities [Member] | FB Entities [Member] | FB Entities [Member] | Service Life [Member] | U.K. SAR and Norway Client [Member] | U.K. SAR and Norway Client [Member] | Air Transportation Equipment [Member] | Air Transportation Equipment [Member] | Air Transportation Equipment [Member] | Air Transportation Equipment [Member] | Other Capitalized Property | Other Capitalized Property | Other Capitalized Property | Other Capitalized Property | Medium Aircraft [Member] | Medium Aircraft [Member] | Medium Aircraft [Member] | Medium Aircraft [Member] | Large Aircraft [Member] | Large Aircraft [Member] | Large Aircraft [Member] | Large Aircraft [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One British Pound Sterling Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Euro Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Australian Dollar Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Nigerian Naira Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | One Brazilian Real Into Us Dollars [Member] | Impact of Changes in Foreign Currency Exchange Rates [Member] | Impact of Changes in Foreign Currency Exchange Rates [Member] | |
aircraft | aircraft | aircraft | aircraft | aircraft | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | aircraft | aircraft | aircraft | aircraft | aircraft | aircraft | aircraft | aircraft | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Weighted Average [Member] | Weighted Average [Member] | Weighted Average [Member] | Weighted Average [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Weighted Average [Member] | Weighted Average [Member] | Weighted Average [Member] | Weighted Average [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Weighted Average [Member] | Weighted Average [Member] | Weighted Average [Member] | Weighted Average [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Weighted Average [Member] | Weighted Average [Member] | Weighted Average [Member] | Weighted Average [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Weighted Average [Member] | Weighted Average [Member] | Weighted Average [Member] | Weighted Average [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Quarter To Date [Member] | Year To Date [Member] | ||||
USD ($) | USD ($) | Quarter To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | USD ($) | USD ($) | ||||||||||||||||||||||||||||||||||||||||||||||||||
USD ($) | USD ($) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Foreign Currency [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency exchange rates | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.62 | 1.62 | 1.62 | 1.62 | 1.72 | 1.62 | 1.72 | 1.62 | 1.67 | 1.55 | 1.68 | 1.54 | 1.61 | 1.48 | 1.61 | 1.48 | 1.26 | 1.35 | 1.26 | 1.35 | 1.37 | 1.35 | 1.39 | 1.35 | 1.33 | 1.32 | 1.35 | 1.32 | 1.26 | 1.28 | 1.26 | 1.26 | 0.88 | 0.94 | 0.88 | 0.94 | 0.95 | 0.95 | 0.95 | 1.07 | 0.93 | 0.92 | 0.93 | 0.95 | 0.87 | 0.89 | 0.87 | 0.89 | 0.006 | 0.0063 | 0.006 | 0.0063 | 0.0062 | 0.0064 | 0.0063 | 0.0065 | 0.0061 | 0.0063 | 0.0062 | 0.0063 | 0.006 | 0.0061 | 0.006 | 0.0061 | 0.4102 | 0.4475 | 0.4102 | 0.4475 | 0.4534 | 0.4568 | 0.4572 | 0.5123 | 0.4398 | 0.438 | 0.4445 | 0.4617 | 0.4066 | 0.4093 | 0.4066 | 0.4093 | ' | ' |
Foreign Currency Transaction Gain (Loss), before Tax | ($1,700,000) | $400,000 | ' | ($2,100,000) | ($1,000,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impact of Foreign Exchange Rates on Unconsolidated affiliates | -6,800,000 | -2,100,000 | ' | -5,900,000 | -2,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | 475,636,000 | 417,328,000 | ' | 948,174,000 | 816,322,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,510,000 | 19,855,000 |
Operating expense | -428,795,000 | -363,417,000 | ' | -841,032,000 | -718,543,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,027,000 | -12,109,000 |
Earnings from unconsolidated affiliates, net of losses | -2,904,000 | 3,088,000 | ' | 1,377,000 | 17,060,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,620,000 | -5,898,000 |
Non-operating expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,112,000 | -1,163,000 |
Income before provision for income taxes | 33,811,000 | 151,030,000 | ' | 90,637,000 | 185,532,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -5,249,000 | 685,000 |
Provision for income taxes | -5,986,000 | -41,146,000 | ' | -17,809,000 | -48,736,000 | ' | ' | -36,000,000 | -36,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,220,000 | -145,000 |
Net income | 27,825,000 | 109,884,000 | ' | 72,828,000 | 136,796,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,029,000 | 540,000 |
Cumulative translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -19,690,000 | -10,482,000 |
Total stockholders' investment | 1,757,484,000 | ' | ' | 1,757,484,000 | ' | 1,757,484,000 | 1,756,586,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -23,719,000 | -9,942,000 |
Interest Income (Expense), Net [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest income | 386,000 | 762,000 | ' | 622,000 | 881,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest and Debt Expense | -7,958,000 | -9,078,000 | ' | -15,321,000 | -29,448,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense, net | -7,572,000 | -8,316,000 | ' | -14,699,000 | -28,567,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write-off of deferred debt financing fees | ' | ' | ' | 437,000 | 12,733,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Repurchase Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000,000 | 31,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Divestiture of Interest in Subsidiaries and Affiliates [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from sale of unconsolidated affiliate | ' | 112,200,000 | 74,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on sale of unconsolidated affiliate | 0 | 103,924,000 | ' | 0 | 103,924,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other income (expense) | ' | ' | ' | ' | ' | ' | ' | 1,100,000 | 1,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | 1,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Receivables [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for doubtful accounts, affiliates | 0 | ' | ' | 0 | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance For Doubtful Accounts Non-Affiliates | 500,000 | ' | ' | 500,000 | ' | 500,000 | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for Doubtful Accounts Receivable, Recoveries | 4,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance for Doubtful Accounts Receivable, Write-offs | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Inventory Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Inventory allowance | 43,000,000 | ' | ' | 43,000,000 | ' | 43,000,000 | 46,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional allowances | 3,400,000 | 1,500,000 | ' | 3,400,000 | 2,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Set-up Costs, Current | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,100,000 | 5,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Contract Acquisition Cost, Non Current | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,800,000 | 15,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of aircraft delivered | 2 | 5 | 5 | 11 | 10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 3 | 3 | 5 | 2 | 2 | 8 | 5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital expenditures | 101,672,000 | 160,027,000 | ' | 302,119,000 | 339,559,000 | ' | ' | ' | ' | ' | ' | ' | ' | 65,386,000 | 145,653,000 | 237,484,000 | 312,880,000 | 36,286,000 | 14,374,000 | 64,635,000 | 26,679,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments for PP&E | 48,000,000 | 139,400,000 | ' | 211,300,000 | 301,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment of Long-Lived Assets to be Disposed of | -558,000 | -950,000 | ' | -3,137,000 | -2,180,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Impairment of Long-Lived Assets to be Disposed of | 2 | 1 | 1 | 6 | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Number of Aircraft Sold | 21 | 11 | 11 | 25 | 15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from asset dispositions | 391,001,000 | 153,710,000 | ' | 397,644,000 | 155,603,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (loss) on disposal of assets | 127,000 | -3,064,000 | ' | 737,000 | -4,785,000 | ' | ' | ' | ' | ' | ' | ' | ' | 685,000 | -2,114,000 | 3,874,000 | -2,605,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of aircraft sale leaseback | 14 | 7 | 7 | 14 | 7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale Leaseback Transaction, Gross Proceeds | 380,700,000 | 145,600,000 | ' | 380,700,000 | 145,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Change In Accounting Estimate Effect | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Sale Leaseback Abstract [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred sale leaseback advance total | 138,000,000 | ' | ' | 138,000,000 | ' | 138,000,000 | 166,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred sale leaseback advance - current | 137,969,000 | ' | ' | 137,969,000 | ' | 137,969,000 | 136,930,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred sale leaseback advance - long-term | 0 | ' | ' | 0 | ' | 0 | 29,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Assignment of Aircraft Purchase Agreement | ' | ' | ' | ' | ' | ' | 106,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of aircraft assigned future payments | ' | ' | ' | 5 | ' | ' | 7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred sale leaseback progress payments | ' | ' | ' | ' | ' | 102,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Movement Into (Out Of) Deferred Sale Leaseback Advance | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Completion of deferred sale leaseback | ' | ' | ' | 73,104,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Removal of Deferred Sale Leaseback Advance | ' | ' | ' | $72,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
VARIABLE_INTEREST_ENTITIES_AND2
VARIABLE INTEREST ENTITIES AND OTHER INVESTMENTS IN SIGNIFICANT AFFILIATES (Details) | 3 Months Ended | 6 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Mar. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Mar. 31, 2014 | 31-May-04 | Apr. 30, 2004 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Jun. 30, 2013 | |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Unrelated Local Nigerian Partners [Member] | Nigerian Company owned by 100% Nigerian Employees [Member] | Employee Trust Fund [Member] | Bristow Aviation Holdings Limited [Member] | Bristow Aviation Holdings Limited [Member] | Bristow Aviation Holdings Limited [Member] | Bristow Aviation Holdings Limited [Member] | Bristow Aviation Holdings Limited [Member] | Bristow Aviation Holdings Limited [Member] | Bristow Aviation Holdings Limited [Member] | Bristow Aviation Holdings Limited [Member] | Bristow Aviation Holdings Limited [Member] | Bristow Aviation Holdings Limited [Member] | Bristow Aviation Holdings Limited [Member] | Bristow Aviation Holdings Limited [Member] | Bristow Aviation Holdings Limited [Member] | Bristow Helicopters Nigeria Ltd [Member] | Nigerian Company owned by 100% Nigerian Employees [Member] | Nigerian Company owned by 100% Nigerian Employees [Member] | Pan African Airlines Nigeria Ltd [Member] | Lider Taxi Aereo S.A. [Member] | Lider Taxi Aereo S.A. [Member] | FB Entities [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | GBP (£) | USD ($) | GBP (£) | Caledonia Investments Plc [Member] | Director One [Member] | Director Two [Member] | Caledonia Investments Plc [Member] | European Union [Member] | ||||||||||||||||||
People | |||||||||||||||||||||||||||||
Variable Interest Entities And Other Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of variable interest entities | ' | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ownership percentage in Variable Interest Entity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 49.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40.00% | ' | ' | 50.17% | ' | ' | ' |
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage, Third Party | ' | ' | ' | ' | ' | ' | 10.00% | 48.00% | 2.00% | ' | ' | 51.00% | ' | ' | ' | ' | ' | ' | ' | ' | 46.00% | 5.00% | ' | ' | ' | ' | ' | ' | ' |
Variable Interest Entity, Qualitative or Quantitative Information, Purchased Percentage From Third Party | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 29.00% | 19.00% | ' | ' | ' | ' |
Purchase of deferred stock shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquisition share price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | £ 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Amount Paid For Deferred Shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | $14,400,000 | ' | $14,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal amount of subordinated unsecured loan stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | 147,500,000 | ' | 147,500,000 | ' | 91,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate on unsecured loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred interest cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,400,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Voting Rights | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 1 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Board Of Directors Nominations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Call option price held by noncontrolling interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Call Option Rate Over LIBOR | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% | ' | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Call Option Guaranteed Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Put Option Guaranteed Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Statement of Financial Position [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 263,910,000 | 313,521,000 | 263,910,000 | 313,521,000 | 204,341,000 | 215,623,000 | ' | ' | ' | 124,037,000 | ' | 124,037,000 | ' | ' | 173,490,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts Receivable, Net, Current | 295,410,000 | ' | 295,410,000 | ' | 297,443,000 | ' | ' | ' | ' | 381,721,000 | ' | 381,721,000 | ' | ' | 311,641,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Inventories | 142,814,000 | ' | 142,814,000 | ' | 137,463,000 | ' | ' | ' | ' | 96,551,000 | ' | 96,551,000 | ' | ' | 94,288,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Prepaid expenses and other current assets | 51,723,000 | ' | 51,723,000 | ' | 53,084,000 | ' | ' | ' | ' | 77,883,000 | ' | 77,883,000 | ' | ' | 45,791,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total current assets | 785,945,000 | ' | 785,945,000 | ' | 721,607,000 | ' | ' | ' | ' | 680,192,000 | ' | 680,192,000 | ' | ' | 625,210,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment in unconsolidated affiliates | 259,262,000 | ' | 259,262,000 | ' | 262,615,000 | ' | ' | ' | ' | 1,321,000 | ' | 1,321,000 | ' | ' | 1,414,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Net | 2,086,325,000 | ' | 2,086,325,000 | ' | 2,268,751,000 | ' | ' | ' | ' | 234,041,000 | ' | 234,041,000 | ' | ' | 217,969,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | 55,520,000 | ' | 55,520,000 | ' | 56,680,000 | ' | ' | ' | ' | 40,055,000 | ' | 40,055,000 | ' | ' | 41,218,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other assets | 91,345,000 | ' | 91,345,000 | ' | 88,604,000 | ' | ' | ' | ' | 51,840,000 | ' | 51,840,000 | ' | ' | 45,477,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | 3,278,397,000 | ' | 3,278,397,000 | ' | 3,398,257,000 | ' | ' | ' | ' | 1,007,449,000 | ' | 1,007,449,000 | ' | ' | 931,288,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts payable | 79,799,000 | ' | 79,799,000 | ' | 89,818,000 | ' | ' | ' | ' | 270,915,000 | ' | 270,915,000 | ' | ' | 182,892,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued Liabilities | 192,569,000 | ' | 192,569,000 | ' | 204,498,000 | ' | ' | ' | ' | 122,404,000 | ' | 122,404,000 | ' | ' | 113,820,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued interest | 15,459,000 | ' | 15,459,000 | ' | 16,157,000 | ' | ' | ' | ' | 1,390,337,000 | ' | 1,390,337,000 | ' | ' | 1,291,581,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current deferred taxes | 12,054,000 | ' | 12,054,000 | ' | 12,372,000 | ' | ' | ' | ' | 1,631,000 | ' | 1,631,000 | ' | ' | 3,588,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current Maturities of long-term debt | 13,669,000 | ' | 13,669,000 | ' | 14,207,000 | ' | ' | ' | ' | 6,854,000 | ' | 6,854,000 | ' | ' | 9,664,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total current liabilities | 436,060,000 | ' | 436,060,000 | ' | 457,825,000 | ' | ' | ' | ' | 1,792,141,000 | ' | 1,792,141,000 | ' | ' | 1,601,545,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total long-term debt | 765,865,000 | ' | 765,865,000 | ' | 827,095,000 | ' | ' | ' | ' | 165,072,000 | ' | 165,072,000 | ' | ' | 172,391,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued pension liabilities | 71,815,000 | ' | 71,815,000 | ' | 86,823,000 | ' | ' | ' | ' | 71,815,000 | ' | 71,815,000 | ' | ' | 86,824,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other liabilities and deferred credits | 56,255,000 | ' | 56,255,000 | ' | 78,126,000 | ' | ' | ' | ' | 8,714,000 | ' | 8,714,000 | ' | ' | 2,252,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred taxes | 166,654,000 | ' | 166,654,000 | ' | 169,519,000 | ' | ' | ' | ' | 10,820,000 | ' | 10,820,000 | ' | ' | 13,062,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Temporary equity | 24,264,000 | ' | 24,264,000 | ' | 22,283,000 | ' | ' | ' | ' | 24,264,000 | ' | 24,264,000 | ' | ' | 22,283,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,072,826,000 | ' | 2,072,826,000 | ' | ' | 1,898,357,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues | 475,636,000 | 417,328,000 | 948,174,000 | 816,322,000 | ' | ' | ' | ' | ' | 391,615,000 | 330,006,000 | 775,432,000 | 641,807,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,018,000 | 18,536,000 | 23,718,000 | 27,667,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | 27,825,000 | 109,884,000 | 72,828,000 | 136,796,000 | ' | ' | ' | ' | ' | -47,767,000 | 81,236,000 | -85,348,000 | 48,886,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 41.90% | 42.50% | 50.00% |
Gain on sale of unconsolidated affiliate | $0 | $103,924,000 | $0 | $103,924,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
DEBT_Details
DEBT (Details) (USD $) | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 1 Months Ended | 3 Months Ended | 6 Months Ended | 1 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | 6 Months Ended | ||||||||||||||||||
Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Oct. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Oct. 31, 2014 | Sep. 30, 2014 | Oct. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | |
Senior Notes Due 2022 [Member] | Convertible Senior Notes Due 2038 [Member] | Convertible Senior Notes Due 2038 [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Term Loan [Member] | Term Loan [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Eastern Airways [Member] | Eastern Airways [Member] | Other debt [Member] | Other debt [Member] | ||||
Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Convertible Senior Notes Due 2038 [Member] | Convertible Senior Notes Due 2038 [Member] | Convertible Senior Notes Due 2038 [Member] | Convertible Senior Notes Due 2038 [Member] | Convertible Senior Notes Due 2038 [Member] | |||||||||||||||
Maximum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | |||||||||||||||||||||||
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total debt | $779,534,000 | ' | $841,302,000 | ' | ' | ' | $418,770,000 | $418,770,000 | $450,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $111,971,000 | ' | $111,971,000 | ' | $109,904,000 | $224,396,000 | $226,604,000 | $0 | $24,000,000 | $23,855,000 | $29,911,000 | $542,000 | $883,000 |
Less short-term borrowings and current maturities of long-term debt | -13,669,000 | ' | -14,207,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total long-term debt | 765,865,000 | ' | 827,095,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Repurchase Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000,000 | 17,200,000 | 31,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repurchase premium rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 105.25% | 107.75% | 104.25% | 105.00% | 105.00% | 103.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total consideration paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21,600,000 | 18,300,000 | 33,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayment of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,300,000 | ' | 242,000,000 | ' | ' | ' | ' | ' |
Other income (expense) | ' | ' | ' | ' | ' | ' | 1,000,000 | 1,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write-off of deferred debt financing fees | 437,000 | 12,733,000 | ' | ' | ' | ' | 300,000 | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from borrowings | 219,354,000 | 160,146,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 218,000,000 | ' | ' | ' | ' | ' |
Letters of Credit Outstanding, Amount | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | 6.25% | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% | ' | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balances Of Debt And Equity Components [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity component- net carrying value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,905,000 | ' | 14,905,000 | ' | 14,905,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 115,000,000 | ' | 115,000,000 | ' | 115,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Debt component- unamortized discount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,029,000 | ' | -3,029,000 | ' | -5,096,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Long Term Convertible Debt Current And Noncurrent [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Convertible, Effective Interest Rate | ' | ' | ' | ' | ' | 6.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.90% | ' | 6.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contractual coupon interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 863,000 | 863,000 | 1,726,000 | 1,726,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of debt discount | 2,130,000 | 1,722,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,048,000 | 789,000 | 2,067,000 | 1,710,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,911,000 | $1,652,000 | $3,793,000 | $3,436,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
FAIR_VALUE_DISCLOSURES_Details
FAIR VALUE DISCLOSURES (Details) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2014 |
aircraft | aircraft | aircraft | aircraft | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Nonrecurring [Member] | Cougar [Member] | Cougar [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Term Loan [Member] | Term Loan [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Eastern Airways [Member] | Eastern Airways [Member] | Other debt [Member] | Other debt [Member] | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | aircraft | aircraft | aircraft | aircraft | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Senior Notes Due 2022 [Member] | Senior Notes Due 2022 [Member] | Convertible Senior Notes Due 2038 [Member] | Convertible Senior Notes Due 2038 [Member] | ||||||||||||||||||
Fair Value [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Inventories | $142,814 | ' | $142,814 | ' | $137,463 | ' | ' | ' | ' | ' | ' | ' | ' | $19,446 | $18,365 | $19,446 | $18,365 | $0 | $0 | $19,446 | $18,365 | $0 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets held for sale | 32,088 | ' | 32,088 | ' | 29,276 | ' | ' | ' | ' | ' | ' | ' | ' | 4,650 | 3,367 | 4,650 | 3,367 | 0 | 0 | 4,650 | 3,367 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Assets Non Recurring | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,096 | 21,732 | 24,096 | 21,732 | 0 | 0 | 24,096 | 21,732 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment of inventories | -3,362 | -1,539 | -3,362 | -2,364 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment of Long-Lived Assets to be Disposed of | -558 | -950 | -3,137 | -2,180 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | -3,920 | -2,489 | -6,499 | -4,544 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Impairment of Long-Lived Assets to be Disposed of | 2 | 1 | 6 | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 1 | 6 | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rabbi Trust investments | ' | ' | ' | ' | ' | 5,413 | 6,599 | 5,413 | 6,599 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Assets Recurring | ' | ' | ' | ' | ' | 5,413 | 6,599 | 5,413 | 6,599 | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other accrued liabilities | 45,816 | ' | 45,816 | ' | 45,853 | 7,770 | 7,652 | 0 | 0 | 0 | 0 | 7,770 | 7,652 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other liabilities and deferred credits | 56,255 | ' | 56,255 | ' | 78,126 | 23,886 | 23,670 | 0 | 0 | 0 | 0 | 23,886 | 23,670 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Liabilities Recurring | ' | ' | ' | ' | ' | 31,656 | 31,322 | 0 | 0 | 0 | 0 | 31,656 | 31,322 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contingent Consideration- beginning balance | ' | ' | 31,322 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Change in fair value of contingent consideration | ' | ' | 334 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contingent Consideration- ending balance | 31,656 | ' | 31,656 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Inputs, Discount Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Carrying value of total debt | 779,534 | ' | 779,534 | ' | 841,302 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 418,770 | 450,000 | 111,971 | 109,904 | 224,396 | 226,604 | 0 | 24,000 | 23,855 | 29,911 | 542 | 883 |
Fair value of total debt | $807,042 | ' | $807,042 | ' | $900,780 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $434,474 | $477,000 | $123,775 | $142,382 | $224,396 | $226,604 | $0 | $24,000 | $23,855 | $29,911 | $542 | $883 |
COMMITMENTS_AND_CONTINGENCIES_1
COMMITMENTS AND CONTINGENCIES (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||||||||||||||||||||||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Feb. 20, 2014 | Oct. 22, 2012 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | |
aircraft | aircraft | Agreements | aircraft | aircraft | Recommendation | Passenger | Maximum [Member] | Minimum [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | Unionized Employees Concentration Risk [Member] | Medium Aircraft [Member] | Medium Aircraft [Member] | Medium Aircraft [Member] | Medium Aircraft [Member] | Large Aircraft [Member] | Large Aircraft [Member] | Large Aircraft [Member] | Large Aircraft [Member] | Aircraft [Member] | Aircraft [Member] | Aircraft [Member] | Aircraft [Member] | EC225 Aircraft [Member] | Commitments [Member] | Commitments [Member] | Options [Member] | Options [Member] | Other Commitments [Member] | Aircraft [Member] | Aircraft [Member] | Aircraft [Member] | Aircraft [Member] | Aircraft [Member] | Remainder of FY2015 to FY2016 [Member] | FY2017 to FY2019 [Member] | FY2020 to FY2024 [Member] | |
Agreements | aircraft | Months | Months | aircraft | aircraft | aircraft | aircraft | aircraft | aircraft | aircraft | aircraft | aircraft | aircraft | aircraft | aircraft | aircraft | aircraft | Medium Aircraft [Member] | Large Aircraft [Member] | Medium and Large [Member] | SAR Configured [Member] | aircraft | aircraft | aircraft | ||||||||||||||||
Facility | Facility | aircraft | aircraft | aircraft | ||||||||||||||||||||||||||||||||||||
Commitments [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of aircraft purchase commitments, due remainder of fiscal year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7 | 0 | 2 | ' | 5 | ' | ' | ' |
Number of aircraft purchase commitments, due in two years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22 | 7 | 9 | ' | 6 | ' | ' | ' |
Number of aircraft purchase commitments, due in three years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6 | 0 | 6 | ' | 0 | ' | ' | ' |
Number of aircraft purchase commitments, due in four years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | 0 | ' | ' | ' |
Number of aircraft purchase commitments, due in five years and after | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | 0 | ' | ' | ' |
Number of aircraft purchase commitments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35 | 7 | 17 | ' | 11 | ' | ' | ' |
Purchase commitments, due remainder of year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $165,060,000 | ' | ' | $74,420,000 | $90,640,000 | ' | ' | ' |
Purchase commitments, Due within Two Years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 384,564,000 | ' | ' | 284,874,000 | 99,690,000 | ' | ' | ' |
Purchase commitments, Due within Three Years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 71,606,000 | ' | ' | 71,606,000 | 0 | ' | ' | ' |
Purchase commitments, Due within Four Years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | 0 | 0 | ' | ' | ' |
Purchase commitments, Due within Five Years And After | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | 0 | 0 | ' | ' | ' |
Purchase commitments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 93,400,000 | 621,230,000 | ' | ' | 430,900,000 | 190,330,000 | ' | ' | ' |
Options [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of aircraft purchase options, due remainder of fiscal year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' |
Number of aircraft purchase options, due in two years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7 | 4 | 3 | ' | ' | ' | ' | ' |
Number of aircraft purchase options, due in three years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19 | 7 | 12 | ' | ' | ' | ' | ' |
Number of aircraft purchase options, due in four years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19 | 7 | 12 | ' | ' | ' | ' | ' |
Number of aircraft purchase options, due in five years and after | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 0 | 3 | ' | ' | ' | ' | ' |
Number of aircraft purchase options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 48 | 18 | 30 | ' | ' | ' | ' | ' |
Aircraft purchase options, due remainder of year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,458,000 | ' | ' | ' | ' | ' | ' | ' |
Aircraft purchase options, due in two years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 224,754,000 | ' | ' | ' | ' | ' | ' | ' |
Aircraft purchase options, due in three years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 401,642,000 | ' | ' | ' | ' | ' | ' | ' |
Aircraft purchase options, due in four years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 280,152,000 | ' | ' | ' | ' | ' | ' | ' |
Aircraft purchase options, due in five years and after | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,966,000 | ' | ' | ' | ' | ' | ' | ' |
Aircraft purchase options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 978,972,000 | ' | ' | ' | ' | ' | ' | ' |
Number of signed client contracts | 15 | ' | 15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of contingent aircraft | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5 | ' | 7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Analysis Of Aircraft Orders And Options [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning of quarter | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37 | 43 | 51 | 55 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aircraft Delivered | -2 | -5 | -11 | -10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | -3 | -3 | -5 | -2 | -2 | -8 | -5 | ' | ' | ' | ' | ' | -2 | -9 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercised options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 3 | 0 | -3 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expired Options | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -3 | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
End of quarter | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35 | 37 | 48 | 51 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating leases rental expense | 35,400,000 | 23,300,000 | 68,600,000 | 46,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28,500,000 | 18,000,000 | 54,900,000 | 36,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of aircraft sale leaseback | 14 | 7 | 14 | 7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale Leaseback Transaction, Gross Proceeds | 380,700,000 | 145,600,000 | 380,700,000 | 145,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of agreements to lease back aircraft | 14 | ' | 14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Lease term of the aircraft | ' | ' | 'The aircraft leases range from base terms of 24 to 84 months with renewal options of up to 240 months in some cases, include purchase options upon expiration and some include early purchase options. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale Leaseback Transaction, Lease Terms, Number of Months | ' | ' | ' | ' | ' | ' | ' | 84 | 24 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale Leaseback Transaction, Lease Terms, Number of Months, Renewal Option | ' | ' | ' | ' | ' | ' | ' | 240 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Monthly Rent payment | ' | ' | 11,791,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 716,000 | 4,589,000 | 6,486,000 |
Number of leased aircraft | 75 | ' | 75 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | 28 | 43 |
Concentration Risk, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 47.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Collective Bargaining Agreements, Maximum Annual Escalation Per Employee, Percent | 8.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Work force reductions costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 | 300,000 | 900,000 | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of passengers and crew on board from aircraft ditching, third party | ' | ' | ' | ' | ' | ' | 19 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Site Contingency, Number of Locations | 3 | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of aircraft suspend operations | ' | ' | ' | ' | 16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Aircraft Operated | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Aircrafts Owned | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Number Of Safety Recommendations, CAP 1145 | ' | ' | ' | ' | ' | 60 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number Of Recommendations To Improve Survivability, CAP 1145 | ' | ' | ' | ' | ' | 10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency, Range of Possible Loss, Minimum | 5,000,000 | ' | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency, Range of Possible Loss, Maximum | $8,000,000 | ' | $8,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
TAXES_Details
TAXES (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Income Tax Examination [Line Items] | ' | ' | ' | ' |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate | 17.70% | 27.20% | 19.60% | 26.30% |
Income Tax Expense (Benefit) | $5,986,000 | $41,146,000 | $17,809,000 | $48,736,000 |
Effective Tax Rate Excluding Special Items | ' | 15.40% | ' | 18.20% |
Unrecognized Tax Benefits | 4,300,000 | ' | 4,300,000 | ' |
FB Entities [Member] | ' | ' | ' | ' |
Income Tax Examination [Line Items] | ' | ' | ' | ' |
Income Tax Expense (Benefit) | ' | 36,000,000 | ' | 36,000,000 |
Eastern Airways [Member] | ' | ' | ' | ' |
Income Tax Examination [Line Items] | ' | ' | ' | ' |
Ownership percentage in Variable Interest Entity | ' | ' | 60.00% | ' |
Tax indemnity asset | 4,200,000 | ' | 4,200,000 | ' |
UNITED KINGDOM | ' | ' | ' | ' |
Income Tax Examination [Line Items] | ' | ' | ' | ' |
Income Tax Expense (Benefit) | ' | ($2,100,000) | ' | ($2,100,000) |
EMPLOYEE_BENEFIT_PLANS_Details
EMPLOYEE BENEFIT PLANS (Details) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Sep. 30, 2014 | Mar. 31, 2015 | Sep. 30, 2014 | Mar. 31, 2015 | |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Chief Executive Officer [Member] | Chief Executive Officer [Member] | Plan 2007 [Member] | UK staff pension plan [Member] | UK staff pension plan [Member] | Norway pension plan [Member] | Norway pension plan [Member] | UK Pension Plans [Member] | UK Pension Plans [Member] | |
USD ($) | USD ($) | USD ($) | GBP (£) | USD ($) | Scenario, Forecast [Member] | USD ($) | Scenario, Forecast [Member] | |||||||
USD ($) | USD ($) | |||||||||||||
Pension Plan [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Service cost | $2,087,000 | $2,070,000 | $4,333,000 | $4,121,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest cost | 6,437,000 | 6,602,000 | 13,366,000 | 13,140,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected return on assets | -7,638,000 | -7,171,000 | -15,861,000 | -14,273,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of unrecognized losses | 1,641,000 | 1,897,000 | 3,409,000 | 3,774,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net periodic pension cost | 2,527,000 | 3,398,000 | 5,247,000 | 6,762,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash Contributions | ' | ' | ' | ' | ' | ' | ' | ' | 20,800,000 | 12,500,000 | 6,000,000 | ' | 10,200,000 | ' |
Estimated cash contributions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,900,000 | ' | 21,200,000 |
Incentive Compensation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock Shares reserved | ' | ' | ' | ' | ' | ' | ' | 5,400,000 | ' | ' | ' | ' | ' | ' |
Common stock, par value | $0.01 | ' | $0.01 | ' | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares available for grant | ' | ' | ' | ' | ' | ' | ' | 2,352,001 | ' | ' | ' | ' | ' | ' |
Stock based compensation expense | 4,200,000 | 3,700,000 | 8,407,000 | 6,625,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock option grants- shares | 27,291 | ' | 472,744 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock grants- shares | 19,884 | ' | 172,808 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock grants- fair value | $71.90 | ' | $74.18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Risk free interest rate | ' | ' | 1.67% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected life (years) | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Volatility | ' | ' | 34.20% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend yield | ' | ' | 1.92% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average exercise price of options granted | ' | ' | $74.52 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average grant-date fair value of options granted | ' | ' | $17.21 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Performance cash compensation liability | 13,300,000 | ' | 13,300,000 | ' | 16,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Performance cash compensation expense | 2,500,000 | 1,900,000 | 4,600,000 | 3,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Lump Sum Cash Payment | ' | ' | ' | ' | ' | 3,800,000 | 3,800,000 | ' | ' | ' | ' | ' | ' | ' |
Compensation | ' | ' | ' | ' | ' | $1,800,000 | $5,500,000 | ' | ' | ' | ' | ' | ' | ' |
DIVIDENDS_SHARE_REPURCHASES_EA2
DIVIDENDS, SHARE REPURCHASES, EARNINGS PER SHARE AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 1 Months Ended | 3 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Oct. 31, 2014 | Dec. 31, 2014 | Nov. 06, 2014 | Nov. 05, 2014 | |
Accumulated Translation Adjustment [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | Base Conversion [Member] | Excess Conversion [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Stock Options [Member] | Restricted Stock Awards [Member] | Restricted Stock Awards [Member] | Restricted Stock Awards [Member] | Restricted Stock Awards [Member] | Restricted Stock Awards [Member] | Restricted Stock Awards [Member] | Restricted Stock Awards [Member] | Restricted Stock Awards [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | |||||
Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | Quarter To Date [Member] | Quarter To Date [Member] | Year To Date [Member] | Year To Date [Member] | |||||||||||||||||||||
Dividends, Share Repurchases and Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash dividends declared per common share | $0.32 | $0.25 | $0.64 | $0.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.32 | ' | ' |
Payments for repurchase of common stock | $23,300,000 | ' | $43,423,000 | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $10,000,000 | ' | ' | ' |
Treasury Stock, Shares, Acquired | 324,720 | ' | 595,318 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 146,900 | ' | ' | ' |
Stock Repurchase Program, Remaining Authorized Repurchase Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,400,000 | ' | ' | ' |
Stock Repurchase Program, Authorized Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 150,000,000 | 133,400,000 |
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding | ' | ' | ' | ' | ' | ' | ' | ' | 298,333 | 596,191 | 300,686 | 497,041 | ' | ' | ' | ' | 2,313 | 0 | 1,150 | 5,611 | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average exercise price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $62.17 | $53.10 | $62.17 | $50.84 | ' | ' | ' | ' | $72.98 | $0 | $72.98 | $68.31 | ' | ' | ' | ' |
Income available to common stockholders - basic | 26,082,000 | 110,606,000 | 70,191,000 | 137,492,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest expense on assumed conversion of 3% Convertible Notes, net of tax | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income available to common stockholders - diluted | 26,082,000 | 110,606,000 | 70,191,000 | 137,492,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average number of common shares outstanding - basic | 35,447,094 | 36,403,556 | 35,495,319 | 36,265,932 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assumed conversion of 3% Convertible Senior Noted outstanding during the period | 0 | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net effect of dilutive stock options, restricted stock units and restricted stock awards based on the treasury stock method | 234,398 | 297,670 | 301,167 | 352,492 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average number of common shares outstanding - diluted | 35,681,492 | 36,701,226 | 35,796,486 | 36,618,424 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basic earnings per share | $0.74 | $3.04 | $1.98 | $3.79 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Diluted earnings per share | $0.73 | $3.01 | $1.96 | $3.75 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument Convertible Terms Of Conversion Feature | 'the base conversion price of the notes was approximately $74.05, based on the base conversion rate of 13.5048 shares of Common Stock per $1,000 principal amount of convertible notes (subject to adjustment in certain circumstances, including the payment of dividends). In general, upon conversion of a note, the holder will receive cash equal to the principal amount of the note and Common Stock to the extent of the notebs conversion value in excess of such principal amount. In addition, if at the time of conversion the applicable price of our Common Stock exceeds the base conversion price, holders will receive up to an additional 8.7781 shares of our Common Stock per $1,000 principal amount of notes, as determined pursuant to a specified formula. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Convertible, Conversion Price | $74.05 | ' | $74.05 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Convertible, Conversion Ratio | ' | ' | ' | ' | ' | ' | 13.5048 | 8.7781 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Per Principal Amount Of Convertible Debt | ' | ' | 1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) - Beginning Balance | ' | ' | -156,506,000 | ' | 57,812,000 | -214,318,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | ' | ' | -10,482,000 | ' | -10,482,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | ' | ' | 0 | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Net of Tax | ' | ' | -10,482,000 | ' | -10,482,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | 0 | ' | 0 | ' | -5,742,000 | 5,742,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) - Ending Balance | ($166,988,000) | ' | ($166,988,000) | ' | $41,588,000 | ($208,576,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
SEGMENT_INFORMATION_Details
SEGMENT INFORMATION (Details) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Jun. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
FB Entities [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | Corporate And Other [Member] | Corporate And Other [Member] | Corporate And Other [Member] | Corporate And Other [Member] | Corporate And Other [Member] | Corporate And Other [Member] | Corporate And Other [Member] | Corporate And Other [Member] | Corporate And Other [Member] | Corporate And Other [Member] | Corporate And Other [Member] | Corporate And Other [Member] | Corporate And Other [Member] | Europe [Member] | Europe [Member] | Europe [Member] | Europe [Member] | Europe [Member] | Europe [Member] | Europe [Member] | Europe [Member] | Europe [Member] | Europe [Member] | Europe [Member] | Europe [Member] | Europe [Member] | West Africa [Member] | West Africa [Member] | West Africa [Member] | West Africa [Member] | West Africa [Member] | West Africa [Member] | West Africa [Member] | West Africa [Member] | West Africa [Member] | West Africa [Member] | West Africa [Member] | West Africa [Member] | West Africa [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | North America [Member] | Australia [Member] | Australia [Member] | Australia [Member] | Australia [Member] | Australia [Member] | Australia [Member] | Australia [Member] | Australia [Member] | Australia [Member] | Australia [Member] | Australia [Member] | Australia [Member] | Australia [Member] | Other International [Member] | Other International [Member] | Other International [Member] | Other International [Member] | Other International [Member] | Other International [Member] | Other International [Member] | Other International [Member] | Other International [Member] | Other International [Member] | Other International [Member] | Other International [Member] | Other International [Member] | ||||||
Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | Intersegment Eliminations [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | External Customer [Member] | |||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total consolidated gross revenue | $475,636,000 | $417,328,000 | $948,174,000 | $816,322,000 | ' | ' | $2,041,000 | $1,219,000 | $2,981,000 | $2,066,000 | $475,636,000 | $417,328,000 | $948,174,000 | $816,322,000 | $17,299,000 | $19,876,000 | $34,576,000 | $38,088,000 | ' | $1,122,000 | $1,210,000 | $1,893,000 | $2,073,000 | $16,177,000 | $18,666,000 | $32,683,000 | $36,015,000 | $232,501,000 | $185,743,000 | $461,067,000 | $352,452,000 | ' | $902,000 | $0 | $1,063,000 | $0 | $231,599,000 | $185,743,000 | $460,004,000 | $352,452,000 | $82,979,000 | $79,488,000 | $165,835,000 | $158,869,000 | ' | $0 | $0 | $0 | $0 | $82,979,000 | $79,488,000 | $165,835,000 | $158,869,000 | $56,066,000 | $60,727,000 | $113,708,000 | $119,293,000 | ' | $17,000 | $9,000 | $17,000 | ($7,000) | $56,049,000 | $60,718,000 | $113,691,000 | $119,300,000 | $53,027,000 | $40,466,000 | $104,630,000 | $84,464,000 | ' | $0 | $0 | $0 | $0 | $53,027,000 | $40,466,000 | $104,630,000 | $84,464,000 | $35,805,000 | $32,247,000 | $71,339,000 | $65,222,000 | ' | $0 | $0 | $8,000 | $0 | $35,805,000 | $32,247,000 | $71,331,000 | $65,222,000 |
Total earnings from unconsolidated affiliates, net of losses - equity method investments | -2,904,000 | 3,088,000 | 1,377,000 | 15,060,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 407,000 | 873,000 | 781,000 | 3,913,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -113,000 | 112,000 | -579,000 | 104,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,198,000 | 2,103,000 | 1,175,000 | 11,043,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total business unit operating income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -26,535,000 | -14,516,000 | -44,185,000 | -25,795,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39,581,000 | 32,958,000 | 79,950,000 | 52,979,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,025,000 | 18,231,000 | 35,687,000 | 37,484,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,923,000 | 9,164,000 | 20,469,000 | 17,287,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 987,000 | 2,508,000 | 3,240,000 | 5,788,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,956,000 | 8,654,000 | 13,358,000 | 27,096,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (loss) on disposal of assets | 127,000 | -3,064,000 | 737,000 | -4,785,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total consolidated operating income | 44,064,000 | 53,935,000 | 109,256,000 | 110,054,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total depreciation and amortization | 28,205,000 | 23,858,000 | 53,539,000 | 46,677,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -144,000 | 666,000 | 140,000 | 1,319,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,538,000 | 8,206,000 | 20,260,000 | 15,454,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,538,000 | 3,435,000 | 7,077,000 | 6,695,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,238,000 | 6,057,000 | 11,014,000 | 12,196,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,351,000 | 1,908,000 | 7,960,000 | 3,797,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,684,000 | 3,586,000 | 7,088,000 | 7,216,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total identifiable assets | 3,278,397,000 | ' | 3,278,397,000 | ' | 3,398,257,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 626,550,000 | ' | 626,550,000 | ' | 683,580,000 | ' | ' | ' | ' | ' | ' | ' | ' | 819,899,000 | ' | 819,899,000 | ' | 932,803,000 | ' | ' | ' | ' | ' | ' | ' | ' | 446,969,000 | ' | 446,969,000 | ' | 454,161,000 | ' | ' | ' | ' | ' | ' | ' | ' | 548,644,000 | ' | 548,644,000 | ' | 487,659,000 | ' | ' | ' | ' | ' | ' | ' | ' | 284,472,000 | ' | 284,472,000 | ' | 260,483,000 | ' | ' | ' | ' | ' | ' | ' | ' | 551,863,000 | ' | 551,863,000 | ' | 579,571,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Total investments in unconsolidated affiliates - equity method | 254,893,000 | ' | 254,893,000 | ' | 256,329,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,073,000 | ' | 1,073,000 | ' | 1,067,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 60,991,000 | ' | 60,991,000 | ' | 61,570,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 192,829,000 | ' | 192,829,000 | ' | 193,692,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Construction in progress within property and equipment | $419,900,000 | ' | $419,900,000 | ' | $477,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
SUPPLEMENTAL_CONDENSED_CONSOLI2
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION IS (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | $475,636,000 | $417,328,000 | $948,174,000 | $816,322,000 |
Direct cost and reimbursable expense | 338,866,000 | 293,080,000 | 665,337,000 | 585,079,000 |
Intercompany expenses | 0 | 0 | 0 | 0 |
Depreciation and amortization | 28,205,000 | 23,858,000 | 53,539,000 | 46,677,000 |
General and administrative | 61,724,000 | 46,479,000 | 122,156,000 | 86,787,000 |
Operating expense | 428,795,000 | 363,417,000 | 841,032,000 | 718,543,000 |
Gain (loss) on disposal of assets | 127,000 | -3,064,000 | 737,000 | -4,785,000 |
Earnings from unconsolidated affiliates, net of losses | -2,904,000 | 3,088,000 | 1,377,000 | 17,060,000 |
Operating income | 44,064,000 | 53,935,000 | 109,256,000 | 110,054,000 |
Interest expense, net | -7,572,000 | -8,316,000 | -14,699,000 | -28,567,000 |
Gain on sale of unconsolidated affiliate | 0 | 103,924,000 | 0 | 103,924,000 |
Other income (expense), net | -2,681,000 | 1,487,000 | -3,920,000 | 121,000 |
Income before provision for income taxes | 33,811,000 | 151,030,000 | 90,637,000 | 185,532,000 |
Provision for income taxes | -5,986,000 | -41,146,000 | -17,809,000 | -48,736,000 |
Net income | 27,825,000 | 109,884,000 | 72,828,000 | 136,796,000 |
Net income attributable to noncontrolling interests | -1,743,000 | 722,000 | -2,637,000 | 696,000 |
Net income attributable to Bristow Group | 26,082,000 | 110,606,000 | 70,191,000 | 137,492,000 |
External Customer [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | 475,636,000 | 417,328,000 | 948,174,000 | 816,322,000 |
Intercompany Customer [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | 0 | 0 | 0 | 0 |
Parent Company [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | 311,000 | 374,000 | 864,000 | 748,000 |
Direct cost and reimbursable expense | 0 | 0 | 0 | 0 |
Intercompany expenses | 0 | 0 | 0 | 0 |
Depreciation and amortization | 1,420,000 | 736,000 | 1,278,000 | 1,453,000 |
General and administrative | 19,841,000 | 14,343,000 | 38,178,000 | 26,133,000 |
Operating expense | 21,261,000 | 15,079,000 | 39,456,000 | 27,586,000 |
Gain (loss) on disposal of assets | 0 | 0 | 0 | 0 |
Earnings from unconsolidated affiliates, net of losses | 15,992,000 | 138,158,000 | 52,984,000 | 169,908,000 |
Operating income | -4,958,000 | 123,453,000 | 14,392,000 | 143,070,000 |
Interest expense, net | 28,492,000 | 21,904,000 | 56,010,000 | 29,505,000 |
Gain on sale of unconsolidated affiliate | ' | 0 | ' | 0 |
Other income (expense), net | -916,000 | -120,000 | -1,844,000 | -118,000 |
Income before provision for income taxes | 22,618,000 | 145,237,000 | 68,558,000 | 172,457,000 |
Provision for income taxes | 3,473,000 | -34,617,000 | 1,660,000 | -34,934,000 |
Net income | 26,091,000 | 110,620,000 | 70,218,000 | 137,523,000 |
Net income attributable to noncontrolling interests | -9,000 | -14,000 | -27,000 | -31,000 |
Net income attributable to Bristow Group | 26,082,000 | 110,606,000 | 70,191,000 | 137,492,000 |
Parent Company [Member] | External Customer [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | 0 | 0 | 0 | 0 |
Parent Company [Member] | Intercompany Customer [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | 311,000 | 374,000 | 864,000 | 748,000 |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | 98,902,000 | 100,024,000 | 199,365,000 | 197,033,000 |
Direct cost and reimbursable expense | 56,888,000 | 57,543,000 | 109,953,000 | 114,987,000 |
Intercompany expenses | 0 | 0 | 0 | 0 |
Depreciation and amortization | 11,886,000 | 11,048,000 | 22,101,000 | 21,731,000 |
General and administrative | 7,147,000 | 8,574,000 | 17,246,000 | 16,159,000 |
Operating expense | 75,921,000 | 77,165,000 | 149,300,000 | 152,877,000 |
Gain (loss) on disposal of assets | 1,200,000 | -2,927,000 | 2,538,000 | -1,539,000 |
Earnings from unconsolidated affiliates, net of losses | 0 | 0 | 0 | 0 |
Operating income | 24,181,000 | 19,932,000 | 52,603,000 | 42,617,000 |
Interest expense, net | -960,000 | -1,476,000 | -1,966,000 | -1,507,000 |
Gain on sale of unconsolidated affiliate | ' | 0 | ' | 0 |
Other income (expense), net | 169,000 | -174,000 | 97,000 | -160,000 |
Income before provision for income taxes | 23,390,000 | 18,282,000 | 50,734,000 | 40,950,000 |
Provision for income taxes | -994,000 | -1,843,000 | -761,000 | -2,368,000 |
Net income | 22,396,000 | 16,439,000 | 49,973,000 | 38,582,000 |
Net income attributable to noncontrolling interests | 0 | 0 | 0 | 0 |
Net income attributable to Bristow Group | 22,396,000 | 16,439,000 | 49,973,000 | 38,582,000 |
Guarantor Subsidiaries [Member] | External Customer [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | 73,715,000 | 78,518,000 | 149,352,000 | 155,161,000 |
Guarantor Subsidiaries [Member] | Intercompany Customer [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | 25,187,000 | 21,506,000 | 50,013,000 | 41,872,000 |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | 401,921,000 | 338,810,000 | 798,822,000 | 661,161,000 |
Direct cost and reimbursable expense | 281,978,000 | 235,537,000 | 555,384,000 | 470,092,000 |
Intercompany expenses | 25,498,000 | 21,880,000 | 50,877,000 | 42,620,000 |
Depreciation and amortization | 14,899,000 | 12,074,000 | 30,160,000 | 23,493,000 |
General and administrative | 34,736,000 | 23,562,000 | 66,732,000 | 44,495,000 |
Operating expense | 357,111,000 | 293,053,000 | 703,153,000 | 580,700,000 |
Gain (loss) on disposal of assets | -1,073,000 | -137,000 | -1,801,000 | -3,246,000 |
Earnings from unconsolidated affiliates, net of losses | -2,904,000 | 3,088,000 | 1,377,000 | 17,060,000 |
Operating income | 40,833,000 | 48,708,000 | 95,245,000 | 94,275,000 |
Interest expense, net | -35,104,000 | -28,744,000 | -68,743,000 | -56,565,000 |
Gain on sale of unconsolidated affiliate | ' | 103,924,000 | ' | 103,924,000 |
Other income (expense), net | -1,934,000 | 1,781,000 | -2,173,000 | 399,000 |
Income before provision for income taxes | 3,795,000 | 125,669,000 | 24,329,000 | 142,033,000 |
Provision for income taxes | -8,465,000 | -4,686,000 | -18,708,000 | -11,434,000 |
Net income | -4,670,000 | 120,983,000 | 5,621,000 | 130,599,000 |
Net income attributable to noncontrolling interests | -1,734,000 | 736,000 | -2,610,000 | 727,000 |
Net income attributable to Bristow Group | -6,404,000 | 121,719,000 | 3,011,000 | 131,326,000 |
Non-Guarantor Subsidiaries [Member] | External Customer [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | 401,921,000 | 338,810,000 | 798,822,000 | 661,161,000 |
Non-Guarantor Subsidiaries [Member] | Intercompany Customer [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | 0 | 0 | 0 | 0 |
Consolidations, Eliminations [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | -25,498,000 | -21,880,000 | -50,877,000 | -42,620,000 |
Direct cost and reimbursable expense | 0 | 0 | 0 | 0 |
Intercompany expenses | -25,498,000 | -21,880,000 | -50,877,000 | -42,620,000 |
Depreciation and amortization | 0 | 0 | 0 | 0 |
General and administrative | 0 | 0 | 0 | 0 |
Operating expense | -25,498,000 | -21,880,000 | -50,877,000 | -42,620,000 |
Gain (loss) on disposal of assets | 0 | 0 | 0 | 0 |
Earnings from unconsolidated affiliates, net of losses | -15,992,000 | -138,158,000 | -52,984,000 | -169,908,000 |
Operating income | -15,992,000 | -138,158,000 | -52,984,000 | -169,908,000 |
Interest expense, net | 0 | 0 | 0 | 0 |
Gain on sale of unconsolidated affiliate | ' | 0 | ' | 0 |
Other income (expense), net | 0 | 0 | 0 | 0 |
Income before provision for income taxes | -15,992,000 | -138,158,000 | -52,984,000 | -169,908,000 |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net income | -15,992,000 | -138,158,000 | -52,984,000 | -169,908,000 |
Net income attributable to noncontrolling interests | 0 | 0 | 0 | 0 |
Net income attributable to Bristow Group | -15,992,000 | -138,158,000 | -52,984,000 | -169,908,000 |
Consolidations, Eliminations [Member] | External Customer [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | 0 | 0 | 0 | 0 |
Consolidations, Eliminations [Member] | Intercompany Customer [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total consolidated gross revenue | ($25,498,000) | ($21,880,000) | ($50,877,000) | ($42,620,000) |
SUPPLEMENTAL_CONDENSED_CONSOLI3
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION OCI (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net income | $27,825 | $109,884 | $72,828 | $136,796 |
Currency translation adjustments | -19,507 | 15,874 | -10,516 | 11,445 |
Other comprehensive income | 8,318 | 125,758 | 62,312 | 148,241 |
Net (income) loss attributable to noncontrolling interests | -1,743 | 722 | -2,637 | 696 |
Currency translation adjustment attributable to noncontrolling interest | -183 | -108 | 34 | -238 |
Total comprehensive (income) loss attributable to noncontrolling interests | -1,926 | 614 | -2,603 | 458 |
Total comprehensive income attributable to Bristow Group | 6,392 | 126,372 | 59,709 | 148,699 |
Parent Company [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net income | 26,091 | 110,620 | 70,218 | 137,523 |
Currency translation adjustments | -4,650 | 3,105 | -11,686 | 4,025 |
Other comprehensive income | 21,441 | 113,725 | 58,532 | 141,548 |
Net (income) loss attributable to noncontrolling interests | -9 | -14 | -27 | -31 |
Currency translation adjustment attributable to noncontrolling interest | 0 | 0 | 0 | 0 |
Total comprehensive (income) loss attributable to noncontrolling interests | -9 | -14 | -27 | -31 |
Total comprehensive income attributable to Bristow Group | 21,432 | 113,711 | 58,505 | 141,517 |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net income | 22,396 | 16,439 | 49,973 | 38,582 |
Currency translation adjustments | 0 | 0 | 0 | 0 |
Other comprehensive income | 22,396 | 16,439 | 49,973 | 38,582 |
Net (income) loss attributable to noncontrolling interests | 0 | 0 | 0 | 0 |
Currency translation adjustment attributable to noncontrolling interest | 0 | 0 | 0 | 0 |
Total comprehensive (income) loss attributable to noncontrolling interests | 0 | 0 | 0 | 0 |
Total comprehensive income attributable to Bristow Group | 22,396 | 16,439 | 49,973 | 38,582 |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net income | -4,670 | 120,983 | 5,621 | 130,599 |
Currency translation adjustments | 33,613 | -14,710 | 13,968 | -21,657 |
Other comprehensive income | 28,943 | 106,273 | 19,589 | 108,942 |
Net (income) loss attributable to noncontrolling interests | -1,734 | 736 | -2,610 | 727 |
Currency translation adjustment attributable to noncontrolling interest | -183 | -108 | 34 | -238 |
Total comprehensive (income) loss attributable to noncontrolling interests | -1,917 | 628 | -2,576 | 489 |
Total comprehensive income attributable to Bristow Group | 27,026 | 106,901 | 17,013 | 109,431 |
Consolidations, Eliminations [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net income | -15,992 | -138,158 | -52,984 | -169,908 |
Currency translation adjustments | -48,470 | 27,479 | -12,798 | 29,077 |
Other comprehensive income | -64,462 | -110,679 | -65,782 | -140,831 |
Net (income) loss attributable to noncontrolling interests | 0 | 0 | 0 | 0 |
Currency translation adjustment attributable to noncontrolling interest | 0 | 0 | 0 | 0 |
Total comprehensive (income) loss attributable to noncontrolling interests | 0 | 0 | 0 | 0 |
Total comprehensive income attributable to Bristow Group | ($64,462) | ($110,679) | ($65,782) | ($140,831) |
SUPPLEMENTAL_CONDENSED_CONSOLI4
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION BS (Details) (USD $) | Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2013 | Mar. 31, 2013 |
In Thousands, unless otherwise specified | ||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | $263,910 | $204,341 | $313,521 | $215,623 |
Accounts Receivable, Net, Current | 295,410 | 297,443 | ' | ' |
Inventories | 142,814 | 137,463 | ' | ' |
Assets held for sale | 32,088 | 29,276 | ' | ' |
Prepaid expenses and other current assets | 51,723 | 53,084 | ' | ' |
Total current assets | 785,945 | 721,607 | ' | ' |
Intercompany investment | 0 | 0 | ' | ' |
Investment in unconsolidated affiliates | 259,262 | 262,615 | ' | ' |
Intercompany notes receivable | 0 | 0 | ' | ' |
Total property and equipment, at cost | 2,597,220 | 2,792,123 | ' | ' |
Less - Accumulated depreciation and amortization | -510,895 | -523,372 | ' | ' |
Property, Plant and Equipment, Net | 2,086,325 | 2,268,751 | ' | ' |
Goodwill | 55,520 | 56,680 | ' | ' |
Other assets | 91,345 | 88,604 | ' | ' |
Total assets | 3,278,397 | 3,398,257 | ' | ' |
Accounts payable | 79,799 | 89,818 | ' | ' |
Accrued Liabilities | 192,569 | 204,498 | ' | ' |
Current deferred taxes | 12,054 | 12,372 | ' | ' |
Short-term borrowings and current maturities of long-term debt | 13,669 | 14,207 | ' | ' |
Deferred sale leaseback advance | 137,969 | 136,930 | ' | ' |
Total current liabilities | 436,060 | 457,825 | ' | ' |
Long-term debt, less current maturities | 765,865 | 827,095 | ' | ' |
Intercompany notes payable | 0 | 0 | ' | ' |
Accrued pension liabilities | 71,815 | 86,823 | ' | ' |
Other liabilities and deferred credits | 56,255 | 78,126 | ' | ' |
Deferred taxes | 166,654 | 169,519 | ' | ' |
Temporary equity | 24,264 | 22,283 | ' | ' |
Common stock | 375 | 373 | ' | ' |
Additional paid-in capital | 769,891 | 762,813 | ' | ' |
Retained earnings | 1,292,722 | 1,245,220 | ' | ' |
Accumulated other comprehensive income (loss) | -166,988 | -156,506 | ' | ' |
Treasury shares | -147,388 | -103,965 | ' | ' |
Stockholders' equity | 1,748,612 | 1,747,935 | ' | ' |
Noncontrolling interests | 8,872 | 8,651 | ' | ' |
Total stockholders' investment | 1,757,484 | 1,756,586 | ' | ' |
Total liabilities and stockholders' investment | 3,278,397 | 3,398,257 | ' | ' |
Parent Company [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 54,476 | 4,640 | 3,982 | 31,853 |
Accounts Receivable, Net, Current | 117,863 | 32,280 | ' | ' |
Inventories | 0 | 0 | ' | ' |
Assets held for sale | 0 | 0 | ' | ' |
Prepaid expenses and other current assets | 3,498 | 3,882 | ' | ' |
Total current assets | 175,837 | 40,802 | ' | ' |
Intercompany investment | 1,340,098 | 1,273,337 | ' | ' |
Investment in unconsolidated affiliates | 0 | 0 | ' | ' |
Intercompany notes receivable | 1,066,847 | 1,286,354 | ' | ' |
Total property and equipment, at cost | 90,739 | 65,071 | ' | ' |
Less - Accumulated depreciation and amortization | -14,301 | -13,057 | ' | ' |
Property, Plant and Equipment, Net | 76,438 | 52,014 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Other assets | 172,396 | 204,679 | ' | ' |
Total assets | 2,831,616 | 2,857,186 | ' | ' |
Accounts payable | 52,973 | 8,298 | ' | ' |
Accrued Liabilities | 29,300 | 36,442 | ' | ' |
Current deferred taxes | -7,961 | -7,640 | ' | ' |
Short-term borrowings and current maturities of long-term debt | 6,815 | 4,543 | ' | ' |
Deferred sale leaseback advance | 0 | 0 | ' | ' |
Total current liabilities | 81,127 | 41,643 | ' | ' |
Long-term debt, less current maturities | 748,322 | 805,965 | ' | ' |
Intercompany notes payable | 0 | 0 | ' | ' |
Accrued pension liabilities | 0 | 0 | ' | ' |
Other liabilities and deferred credits | 13,478 | 13,750 | ' | ' |
Deferred taxes | 137,896 | 144,461 | ' | ' |
Temporary equity | 0 | 0 | ' | ' |
Common stock | 375 | 373 | ' | ' |
Additional paid-in capital | 769,891 | 762,813 | ' | ' |
Retained earnings | 1,292,722 | 1,245,220 | ' | ' |
Accumulated other comprehensive income (loss) | -66,405 | -54,719 | ' | ' |
Treasury shares | -147,388 | -103,965 | ' | ' |
Stockholders' equity | 1,849,195 | 1,849,722 | ' | ' |
Noncontrolling interests | 1,598 | 1,645 | ' | ' |
Total stockholders' investment | 1,850,793 | 1,851,367 | ' | ' |
Total liabilities and stockholders' investment | 2,831,616 | 2,857,186 | ' | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 13,768 | 0 | 4,368 | 5,370 |
Accounts Receivable, Net, Current | 165,742 | 104,155 | ' | ' |
Inventories | 43,312 | 40,864 | ' | ' |
Assets held for sale | 9,898 | 8,505 | ' | ' |
Prepaid expenses and other current assets | 4,683 | 3,258 | ' | ' |
Total current assets | 237,403 | 156,782 | ' | ' |
Intercompany investment | 111,435 | 111,435 | ' | ' |
Investment in unconsolidated affiliates | 0 | 0 | ' | ' |
Intercompany notes receivable | 0 | 0 | ' | ' |
Total property and equipment, at cost | 1,176,842 | 1,406,625 | ' | ' |
Less - Accumulated depreciation and amortization | -211,745 | -211,385 | ' | ' |
Property, Plant and Equipment, Net | 965,097 | 1,195,240 | ' | ' |
Goodwill | 4,755 | 4,755 | ' | ' |
Other assets | 2,627 | 1,462 | ' | ' |
Total assets | 1,321,317 | 1,469,674 | ' | ' |
Accounts payable | 146,863 | 67,728 | ' | ' |
Accrued Liabilities | 28,447 | 32,084 | ' | ' |
Current deferred taxes | 611 | -1,342 | ' | ' |
Short-term borrowings and current maturities of long-term debt | 0 | 0 | ' | ' |
Deferred sale leaseback advance | 137,969 | 136,930 | ' | ' |
Total current liabilities | 313,890 | 235,400 | ' | ' |
Long-term debt, less current maturities | 0 | 0 | ' | ' |
Intercompany notes payable | 132,735 | 378,983 | ' | ' |
Accrued pension liabilities | 0 | 0 | ' | ' |
Other liabilities and deferred credits | 8,585 | 37,876 | ' | ' |
Deferred taxes | 8,191 | 9,472 | ' | ' |
Temporary equity | 0 | 0 | ' | ' |
Common stock | 4,996 | 4,996 | ' | ' |
Additional paid-in capital | 9,291 | 9,291 | ' | ' |
Retained earnings | 843,629 | 793,656 | ' | ' |
Accumulated other comprehensive income (loss) | 0 | 0 | ' | ' |
Treasury shares | 0 | 0 | ' | ' |
Stockholders' equity | 857,916 | 807,943 | ' | ' |
Noncontrolling interests | 0 | 0 | ' | ' |
Total stockholders' investment | 857,916 | 807,943 | ' | ' |
Total liabilities and stockholders' investment | 1,321,317 | 1,469,674 | ' | ' |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 195,666 | 200,147 | 305,171 | 178,400 |
Accounts Receivable, Net, Current | 340,259 | 310,288 | ' | ' |
Inventories | 99,502 | 96,599 | ' | ' |
Assets held for sale | 22,190 | 20,771 | ' | ' |
Prepaid expenses and other current assets | 43,542 | 45,944 | ' | ' |
Total current assets | 701,159 | 673,749 | ' | ' |
Intercompany investment | 0 | 0 | ' | ' |
Investment in unconsolidated affiliates | 259,262 | 262,615 | ' | ' |
Intercompany notes receivable | 0 | 0 | ' | ' |
Total property and equipment, at cost | 1,329,639 | 1,320,427 | ' | ' |
Less - Accumulated depreciation and amortization | -284,849 | -298,930 | ' | ' |
Property, Plant and Equipment, Net | 1,044,790 | 1,021,497 | ' | ' |
Goodwill | 50,765 | 51,925 | ' | ' |
Other assets | 56,122 | 50,392 | ' | ' |
Total assets | 2,112,098 | 2,060,178 | ' | ' |
Accounts payable | 201,656 | 157,297 | ' | ' |
Accrued Liabilities | 141,765 | 141,423 | ' | ' |
Current deferred taxes | 19,404 | 21,354 | ' | ' |
Short-term borrowings and current maturities of long-term debt | 6,854 | 9,664 | ' | ' |
Deferred sale leaseback advance | 0 | 0 | ' | ' |
Total current liabilities | 369,679 | 329,738 | ' | ' |
Long-term debt, less current maturities | 17,543 | 21,130 | ' | ' |
Intercompany notes payable | 1,074,931 | 1,076,292 | ' | ' |
Accrued pension liabilities | 71,815 | 86,823 | ' | ' |
Other liabilities and deferred credits | 34,192 | 26,500 | ' | ' |
Deferred taxes | 20,567 | 15,586 | ' | ' |
Temporary equity | 24,264 | 22,283 | ' | ' |
Common stock | 22,876 | 22,876 | ' | ' |
Additional paid-in capital | 270,905 | 270,905 | ' | ' |
Retained earnings | 180,170 | 177,159 | ' | ' |
Accumulated other comprehensive income (loss) | 17,882 | 3,880 | ' | ' |
Treasury shares | 0 | 0 | ' | ' |
Stockholders' equity | 491,833 | 474,820 | ' | ' |
Noncontrolling interests | 7,274 | 7,006 | ' | ' |
Total stockholders' investment | 499,107 | 481,826 | ' | ' |
Total liabilities and stockholders' investment | 2,112,098 | 2,060,178 | ' | ' |
Consolidations, Eliminations [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 0 | -446 | 0 | 0 |
Accounts Receivable, Net, Current | -328,454 | -149,280 | ' | ' |
Inventories | 0 | 0 | ' | ' |
Assets held for sale | 0 | 0 | ' | ' |
Prepaid expenses and other current assets | 0 | 0 | ' | ' |
Total current assets | -328,454 | -149,726 | ' | ' |
Intercompany investment | -1,451,533 | -1,384,772 | ' | ' |
Investment in unconsolidated affiliates | 0 | 0 | ' | ' |
Intercompany notes receivable | -1,066,847 | -1,286,354 | ' | ' |
Total property and equipment, at cost | 0 | 0 | ' | ' |
Less - Accumulated depreciation and amortization | 0 | 0 | ' | ' |
Property, Plant and Equipment, Net | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Other assets | -139,800 | -167,929 | ' | ' |
Total assets | -2,986,634 | -2,988,781 | ' | ' |
Accounts payable | -321,693 | -143,505 | ' | ' |
Accrued Liabilities | -6,943 | -5,451 | ' | ' |
Current deferred taxes | 0 | 0 | ' | ' |
Short-term borrowings and current maturities of long-term debt | 0 | 0 | ' | ' |
Deferred sale leaseback advance | 0 | 0 | ' | ' |
Total current liabilities | -328,636 | -148,956 | ' | ' |
Long-term debt, less current maturities | 0 | 0 | ' | ' |
Intercompany notes payable | -1,207,666 | -1,455,275 | ' | ' |
Accrued pension liabilities | 0 | 0 | ' | ' |
Other liabilities and deferred credits | 0 | 0 | ' | ' |
Deferred taxes | 0 | 0 | ' | ' |
Temporary equity | 0 | 0 | ' | ' |
Common stock | -27,872 | -27,872 | ' | ' |
Additional paid-in capital | -280,196 | -280,196 | ' | ' |
Retained earnings | -1,023,799 | -970,815 | ' | ' |
Accumulated other comprehensive income (loss) | -118,465 | -105,667 | ' | ' |
Treasury shares | 0 | 0 | ' | ' |
Stockholders' equity | -1,450,332 | -1,384,550 | ' | ' |
Noncontrolling interests | 0 | 0 | ' | ' |
Total stockholders' investment | -1,450,332 | -1,384,550 | ' | ' |
Total liabilities and stockholders' investment | -2,986,634 | -2,988,781 | ' | ' |
Land and Building [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total property and equipment, at cost | 154,002 | 145,973 | ' | ' |
Land and Building [Member] | Parent Company [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total property and equipment, at cost | 2,688 | 977 | ' | ' |
Land and Building [Member] | Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total property and equipment, at cost | 49,236 | 49,499 | ' | ' |
Land and Building [Member] | Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total property and equipment, at cost | 102,078 | 95,497 | ' | ' |
Land and Building [Member] | Consolidations, Eliminations [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total property and equipment, at cost | 0 | 0 | ' | ' |
Aircraft And Equipment [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total property and equipment, at cost | 2,443,218 | 2,646,150 | ' | ' |
Aircraft And Equipment [Member] | Parent Company [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total property and equipment, at cost | 88,051 | 64,094 | ' | ' |
Aircraft And Equipment [Member] | Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total property and equipment, at cost | 1,127,606 | 1,357,126 | ' | ' |
Aircraft And Equipment [Member] | Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total property and equipment, at cost | 1,227,561 | 1,224,930 | ' | ' |
Aircraft And Equipment [Member] | Consolidations, Eliminations [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Total property and equipment, at cost | $0 | $0 | ' | ' |
SUPPLEMENTAL_CONDENSED_CONSOLI5
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION CF (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net cash provided by (used in) operating activities | ' | ' | $101,167 | $132,476 |
Capital expenditures | -101,672 | -160,027 | -302,119 | -339,559 |
Proceeds from asset dispositions | 391,001 | 153,710 | 397,644 | 155,603 |
Proceeds from sale of unconsolidated affiliate | ' | ' | 0 | 112,210 |
Net cash used in investing activities | ' | ' | 95,525 | -71,746 |
Proceeds from borrowings | ' | ' | 219,354 | 160,146 |
Debt issuance costs | ' | ' | 0 | -15,152 |
Repayment of debt | ' | ' | -282,838 | -117,748 |
Dividends paid | ' | ' | -22,689 | -18,138 |
Increases (decreases) in cash related to intercompany advances and debt | ' | ' | 0 | 0 |
Partial prepayment of put/call obligation | ' | ' | -30 | -27 |
Acquisition of noncontrolling interest | ' | ' | -3,170 | 0 |
Repurchase of Common Stock | -23,300 | ' | -43,423 | 0 |
Issuance of Common Stock | ' | ' | 1,398 | 11,550 |
Tax benefit related to stock-based compensation | ' | ' | 1,642 | 4,234 |
Net cash provided by (used in) financing activities | ' | ' | -129,756 | 24,865 |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | -7,367 | 12,303 |
Net increase (decrease) in cash and cash equivalents | ' | ' | 59,569 | 97,898 |
Cash and cash equivalents at beginning of period | ' | ' | 204,341 | 215,623 |
Cash and cash equivalents at end of period | 263,910 | 313,521 | 263,910 | 313,521 |
Parent Company [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net cash provided by (used in) operating activities | ' | ' | -45,192 | -20,277 |
Capital expenditures | ' | ' | -25,668 | -11,206 |
Proceeds from asset dispositions | ' | ' | 0 | 0 |
Proceeds from sale of unconsolidated affiliate | ' | ' | ' | 0 |
Net cash used in investing activities | ' | ' | -25,668 | -11,206 |
Proceeds from borrowings | ' | ' | 218,000 | 157,500 |
Debt issuance costs | ' | ' | ' | -15,152 |
Repayment of debt | ' | ' | -275,502 | -114,806 |
Dividends paid | ' | ' | -22,689 | -15,072 |
Increases (decreases) in cash related to intercompany advances and debt | ' | ' | 241,300 | -24,615 |
Partial prepayment of put/call obligation | ' | ' | -30 | -27 |
Acquisition of noncontrolling interest | ' | ' | 0 | ' |
Repurchase of Common Stock | ' | ' | -43,423 | ' |
Issuance of Common Stock | ' | ' | 1,398 | 11,550 |
Tax benefit related to stock-based compensation | ' | ' | 1,642 | 4,234 |
Net cash provided by (used in) financing activities | ' | ' | 120,696 | 3,612 |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | 0 | 0 |
Net increase (decrease) in cash and cash equivalents | ' | ' | 49,836 | -27,871 |
Cash and cash equivalents at beginning of period | ' | ' | 4,640 | 31,853 |
Cash and cash equivalents at end of period | 54,476 | 3,982 | 54,476 | 3,982 |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net cash provided by (used in) operating activities | ' | ' | 115,666 | 46,258 |
Capital expenditures | ' | ' | -141,269 | -275,801 |
Proceeds from asset dispositions | ' | ' | 208,373 | 154,689 |
Proceeds from sale of unconsolidated affiliate | ' | ' | ' | 0 |
Net cash used in investing activities | ' | ' | 67,104 | -121,112 |
Proceeds from borrowings | ' | ' | 0 | 0 |
Debt issuance costs | ' | ' | ' | 0 |
Repayment of debt | ' | ' | 0 | 0 |
Dividends paid | ' | ' | 0 | 34 |
Increases (decreases) in cash related to intercompany advances and debt | ' | ' | -169,002 | 73,818 |
Partial prepayment of put/call obligation | ' | ' | 0 | 0 |
Acquisition of noncontrolling interest | ' | ' | 0 | ' |
Repurchase of Common Stock | ' | ' | 0 | ' |
Issuance of Common Stock | ' | ' | 0 | 0 |
Tax benefit related to stock-based compensation | ' | ' | 0 | 0 |
Net cash provided by (used in) financing activities | ' | ' | -169,002 | 73,852 |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | 0 | 0 |
Net increase (decrease) in cash and cash equivalents | ' | ' | 13,768 | -1,002 |
Cash and cash equivalents at beginning of period | ' | ' | 0 | 5,370 |
Cash and cash equivalents at end of period | 13,768 | 4,368 | 13,768 | 4,368 |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net cash provided by (used in) operating activities | ' | ' | 30,247 | 106,495 |
Capital expenditures | ' | ' | -135,182 | -158,415 |
Proceeds from asset dispositions | ' | ' | 189,271 | 106,777 |
Proceeds from sale of unconsolidated affiliate | ' | ' | ' | 112,210 |
Net cash used in investing activities | ' | ' | 54,089 | 60,572 |
Proceeds from borrowings | ' | ' | 1,354 | 2,646 |
Debt issuance costs | ' | ' | ' | 0 |
Repayment of debt | ' | ' | -7,336 | -2,942 |
Dividends paid | ' | ' | 0 | -3,100 |
Increases (decreases) in cash related to intercompany advances and debt | ' | ' | -72,298 | -49,203 |
Partial prepayment of put/call obligation | ' | ' | 0 | 0 |
Acquisition of noncontrolling interest | ' | ' | -3,170 | ' |
Repurchase of Common Stock | ' | ' | 0 | ' |
Issuance of Common Stock | ' | ' | 0 | 0 |
Tax benefit related to stock-based compensation | ' | ' | 0 | 0 |
Net cash provided by (used in) financing activities | ' | ' | -81,450 | -52,599 |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | -7,367 | 12,303 |
Net increase (decrease) in cash and cash equivalents | ' | ' | -4,481 | 126,771 |
Cash and cash equivalents at beginning of period | ' | ' | 200,147 | 178,400 |
Cash and cash equivalents at end of period | 195,666 | 305,171 | 195,666 | 305,171 |
Consolidations, Eliminations [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net cash provided by (used in) operating activities | ' | ' | 446 | 0 |
Capital expenditures | ' | ' | 0 | 105,863 |
Proceeds from asset dispositions | ' | ' | 0 | -105,863 |
Proceeds from sale of unconsolidated affiliate | ' | ' | ' | 0 |
Net cash used in investing activities | ' | ' | 0 | 0 |
Proceeds from borrowings | ' | ' | 0 | 0 |
Debt issuance costs | ' | ' | ' | 0 |
Repayment of debt | ' | ' | 0 | 0 |
Dividends paid | ' | ' | 0 | 0 |
Increases (decreases) in cash related to intercompany advances and debt | ' | ' | 0 | 0 |
Partial prepayment of put/call obligation | ' | ' | 0 | 0 |
Acquisition of noncontrolling interest | ' | ' | 0 | ' |
Repurchase of Common Stock | ' | ' | 0 | ' |
Issuance of Common Stock | ' | ' | 0 | 0 |
Tax benefit related to stock-based compensation | ' | ' | 0 | 0 |
Net cash provided by (used in) financing activities | ' | ' | 0 | 0 |
Effect of exchange rate changes on cash and cash equivalents | ' | ' | 0 | 0 |
Net increase (decrease) in cash and cash equivalents | ' | ' | 446 | 0 |
Cash and cash equivalents at beginning of period | ' | ' | -446 | 0 |
Cash and cash equivalents at end of period | $0 | $0 | $0 | $0 |