Bristow (BRSWQ) 10-Q 6 Aug 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Entity Registrant Name	Bristow Group Inc.
Entity Central Index Key	73,887
Current Fiscal Year End Date	--03-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		34,920,082
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Gross revenue:
Operating revenue from non-affiliates	$ 420,013	$ 415,905
Operating revenue from affiliates	20,098	21,430
Reimbursable revenue from non-affiliates	26,885	35,203
Total consolidated gross revenue	466,996	472,538
Operating expense:
Direct cost	336,118	293,863
Reimbursable expense	26,167	32,608
Depreciation and amortization	37,146	25,334
General and administrative	61,332	60,432
Operating expense	460,763	412,237
Gain (loss) on disposal of assets	(7,695)	610
Earnings from unconsolidated affiliates, net of losses	6,296	4,281
Operating income	4,834	65,192
Interest expense, net	(7,669)	(7,127)
Other income (expense), net	3,839	(1,239)
Income before provision for income taxes	1,004	56,826
Provision for income taxes	(2,633)	(11,823)
Net income	(1,629)	45,003
Net income attributable to noncontrolling interests	(1,628)	(894)
Net income (loss) attributable to Bristow Group	(3,257)	44,109
Accretion of redeemable noncontrolling interests	(6,301)	0
Net income (loss) attributable to common stockholders	$ (9,558)	$ 44,109
Earnings (loss) per common share:
Basic earnings per share	$ (0.27)	$ 1.24
Diluted earnings per share	(0.27)	1.23
Cash dividends declared per common share	$ 0.34	$ 0.32

UNAUDITED CONDENSED CONSOLIDAT3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ (1,629)	$ 45,003
Other comprehensive income:
Currency translation adjustments	12,608	8,237
Total comprehensive income	10,979	53,240
Net income attributable to noncontrolling interests	(1,628)	(894)
Currency translation adjustments attributable to noncontrolling interests	2,106	971
Total comprehensive income attributable to noncontrolling interests	478	77
Total comprehensive income attributable to Bristow Group	11,457	53,317
Accretion of redeemable noncontrolling interests	(6,301)	0
Total comprehensive income attributable to common stockholders	$ 5,156	$ 53,317

UNAUDITED CONDENSED CONSOLIDAT4

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015
Current assets:
Cash and cash equivalents	$ 120,394	$ 104,146
Accounts receivable from non-affiliates	252,502	250,610
Accounts receivable from affiliates	5,775	8,008
Inventories	151,947	147,169
Assets held for sale	38,636	57,827
Prepaid expenses and other current assets	60,640	70,091
Total current assets	629,894	637,851
Investment in unconsolidated affiliates	223,233	216,376
Property and equipment - at cost:
Total property and equipment, at cost	2,653,032	2,665,828
Less - Accumulated depreciation and amortization	(506,860)	(508,727)
Total property and equipment, net	2,146,172	2,157,101
Goodwill	77,998	75,628
Other assets	165,394	143,764
Total assets	3,242,691	3,230,720
Current liabilities:
Accounts payable	98,253	84,193
Accrued wages, benefits and related taxes	75,557	81,648
Income taxes payable	6,488	7,926
Other accrued taxes	12,496	13,335
Deferred revenue	33,483	36,784
Accrued maintenance and repairs	30,616	23,316
Accrued interest	5,612	12,831
Other accrued liabilities	79,239	82,605
Current deferred taxes	4,133	17,704
Short-term borrowings and current maturities of long-term debt	26,954	18,730
Deferred sale leaseback advance	0	55,934
Total current liabilities	372,831	435,006
Long-term debt, less current maturities	918,247	845,692
Accrued pension liabilities	101,911	99,576
Other liabilities and deferred credits	31,224	39,782
Deferred taxes	$ 169,380	$ 165,655
Commitments and contingencies
Redeemable noncontrolling interests	$ 35,342	$ 26,223
Stockholders' investment:
Common stock	376	376
Additional paid-in capital	782,620	781,837
Retained earnings	1,263,013	1,284,442
Accumulated other comprehensive loss	(255,615)	(270,329)
Treasury shares, at cost	(184,796)	(184,796)
Total Bristow Group stockholders' equity	1,605,598	1,611,530
Noncontrolling interests	8,158	7,256
Total stockholders' investment	1,613,756	1,618,786
Total liabilities, redeemable noncontrolling interests and stockholders’ investment	3,242,691	3,230,720
Land and Building [Member]
Property and equipment - at cost:
Total property and equipment, at cost	199,082	171,959
Aircraft And Equipment [Member]
Property and equipment - at cost:
Total property and equipment, at cost	$ 2,453,950	$ 2,493,869

UNAUDITED CONDENSED CONSOLIDAT5

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (PARANTHETICAL) - $ / shares	Jun. 30, 2015	Mar. 31, 2015
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	34,918,659	34,838,374
Treasury stock, shares acquired, par value method	1,291,441	1,291,441
Treasury stock, shares acquired, cost method	2,756,419	2,756,419

UNAUDITED CONDENSED CONSOLIDAT6

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income	$ (1,629)	$ 45,003
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	37,146	25,334
Deferred income taxes	(7,293)	8,406
Write-off of deferred debt financing fees	0	164
Discount amortization on long-term debt	918	1,055
(Gain) loss on disposal of assets	7,695	(610)
Impairment of inventories	5,439	0
Stock-based compensation	3,967	4,187
Equity in earnings from unconsolidated affiliates in excess of dividends received	(5,530)	(4,281)
Tax benefit related to stock-based compensation	(337)	(166)
Increase (decrease) in cash resulting from changes in:
Accounts receivable	6,329	(972)
Inventories	(4,872)	(11,033)
Prepaid expenses and other assets	(17,582)	(1,850)
Accounts payable	14,830	7,511
Accrued liabilities	(20,243)	(23,027)
Other liabilities and deferred credits	(2,901)	(12,376)
Net cash provided by operating activities	15,937	37,345
Cash flows from investing activities:
Capital expenditures	(67,777)	(200,447)
Proceeds from asset dispositions	9,301	6,643
Net cash used in investing activities	(58,476)	(193,804)
Cash flows from financing activities:
Proceeds from borrowings	364,774	148,044
Repayment of debt	(285,589)	(35,848)
Partial prepayment of put/call obligation	(14)	(15)
Acquisition of noncontrolling interest	(2,000)	0
Payment of contingent consideration	(8,000)	0
Repurchase of common stock	0	(20,157)
Common stock dividends paid	(11,871)	(11,353)
Issuance of common stock	0	975
Tax benefit related to stock-based compensation	337	166
Net cash provided by financing activities	57,637	81,812
Effect of exchange rate changes on cash and cash equivalents	1,150	4,110
Net increase (decrease) in cash and cash equivalents	16,248	(70,537)
Cash and cash equivalents at beginning of period	104,146	204,341
Cash and cash equivalents at end of period	120,394	133,804
Cash paid during the period for:
Interest	16,655	14,927
Income taxes	7,365	8,767
Supplemental disclosure for non-cash investing activities:
Completion of deferred sale leaseback	(74,480)	0
Deferred sale leaseback advance	$ 18,285	$ 0

UNAUDITED CONDENSED CONSOLIDAT7

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($) $ in Thousands	Total	Redeemable Noncontrolling Interests	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Noncontrolling Interests	Total Stockholders' Investment
Redeemable noncontrolling interest, beginning balance at Mar. 31, 2014		$ 22,283
Stockholders' equity, beginning balance at Mar. 31, 2014			$ 373	$ 762,813	$ 1,245,220	$ (156,506)	$ (103,965)	$ 8,651	$ 1,756,586
Common stock, shares beginning balance at Mar. 31, 2014			35,708,469
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, value		0	$ 1	5,105	0	0	0	0	5,106
Issuance of common stock, shares			120,402
Distributions paid to noncontrolling interests		0	$ 0	0	0	0	0	(15)	(15)
Repurchases of common stock, value		0	$ 0	0	0	0	(20,157)	0	(20,157)
Repurchases of common stock, shares	(270,598)		(270,598)
Common stock dividends		0	$ 0	0	(11,353)	0	0	0	(11,353)
Currency translation adjustments	$ 971	586	0	0	0	0	0	385	385
Net income	45,003	1,376	0	0	44,109	0	0	(482)	43,627
Other comprehensive income		0	0	0	0	9,208	0	0	9,208
Redeemable noncontrolling interest, ending balance at Jun. 30, 2014		24,245
Stockholders' equity, ending balance at Jun. 30, 2014			$ 374	767,918	1,277,976	(147,298)	(124,122)	8,539	1,783,387
Common stock, shares ending balance at Jun. 30, 2014			35,558,273
Redeemable noncontrolling interest, beginning balance at Mar. 31, 2015		26,223
Stockholders' equity, beginning balance at Mar. 31, 2015	$ 1,618,786		$ 376	781,837	1,284,442	(270,329)	(184,796)	7,256	1,618,786
Common stock, shares beginning balance at Mar. 31, 2015	34,838,374		34,838,374
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, value		0	$ 0	2,783	0	0	0	0	2,783
Issuance of common stock, shares			80,285
Acquisition of noncontrolling interests		0	$ 0	(2,000)	0	0	0	0	(2,000)
Distributions paid to noncontrolling interests		0	0	0	0	0	0	(14)	(14)
Repurchases of common stock, shares	0
Common stock dividends		0	0	0	(11,871)	0	0	0	(11,871)
Currency translation adjustments	$ 2,106	1,432	0	0	0	0	0	674	674
Net income	(1,629)	1,386	0	0	(3,257)	0	0	242	(3,015)
Accretion of noncontrolling interests		6,301	0	0	(6,301)	0	0	0	(6,301)
Other comprehensive income	14,714	0	0	0	0	14,714	0	0	14,714
Redeemable noncontrolling interest, ending balance at Jun. 30, 2015		$ 35,342
Stockholders' equity, ending balance at Jun. 30, 2015	$ 1,613,756		$ 376	$ 782,620	$ 1,263,013	$ (255,615)	$ (184,796)	$ 8,158	$ 1,613,756
Common stock, shares ending balance at Jun. 30, 2015	34,918,659		34,918,659

UNAUDITED CONDENSED CONSOLIDAT8

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS (PARENTHETICALS) - $ / shares	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Statement of Stockholders' Equity [Abstract]
Common stock dividends per share	$ 0.34	$ 0.32

BASIS OF PRESENTATION, CONSOLID

BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2015
Basis Of Presentation, Consolidation 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, 2016 is referred to as “fiscal year 2016 ”. Pursuant to the rules and regulations of the U.S. Securities and Exchange Commission, 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 2015 Annual Report (the “fiscal year 2015 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 balance sheet of the Company as of June 30, 2015 and the consolidated statements of operations, comprehensive income and cash flows for the three months ended June 30, 2015 and 2014 . Foreign Currency During the three months ended June 30, 2015 and 2014 , our primary foreign currency exposure was to the British pound sterling, the euro, the Australian dollar, the Norwegian kroner 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 2015 2014 One British pound sterling into U.S. dollars High 1.59 1.71 Average 1.53 1.68 Low 1.46 1.66 At period-end 1.57 1.71 One euro into U.S. dollars High 1.14 1.39 Average 1.11 1.37 Low 1.06 1.35 At period-end 1.11 1.37 One Australian dollar into U.S. dollars High 0.81 0.94 Average 0.78 0.93 Low 0.76 0.92 At period-end 0.77 0.94 One Norwegian kroner into U.S. dollars High 0.1370 0.1753 Average 0.1291 0.1717 Low 0.1234 0.1638 At period-end 0.1267 0.1649 One Nigerian naira into U.S. dollars High 0.0051 0.0063 Average 0.0051 0.0062 Low 0.0050 0.0061 At period-end 0.0050 0.0062 _____________ Source: Bank of England and Oanda.com Other income (expense), net, in our condensed consolidated statements of operations includes foreign currency transaction gains of $3.9 million and foreign currency transaction losses of $0.4 million for the three months ended June 30, 2015 and 2014 , respectively. The gains for the three months ended June 30, 2015 were primarily driven by the changes in the British pound sterling to U.S. dollar exchange rate. 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 June 30, 2015 and 2014 , earnings from unconsolidated affiliates, net of losses, increased $1.7 million and $0.4 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 2015 2014 One Brazilian real into U.S. dollars High 0.3435 0.4572 Average 0.3258 0.4493 Low 0.3108 0.4391 At period-end 0.3184 0.4538 _____________ 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 Revenue $ (40,068 ) Operating expense 33,957 Earnings from unconsolidated affiliates, net of losses 1,386 Non-operating expense 4,255 Income before provision for income taxes (470 ) Provision for income taxes 108 Net income (362 ) Cumulative translation adjustment 14,714 Total stockholders’ investment $ 14,352 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 has occurred or 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 operations. Bristow Academy, our helicopter training 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") and Capiteq Limited, operating under the name Airnorth, primarily earn revenue through charter and scheduled airline services and provision of airport services (Eastern Airways only). 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 in accordance with the above policy. Airport services revenue is recognized when earned. Interest Expense, Net During the three months ended June 30, 2015 and 2014, interest expense, net consisted of the following (in thousands): Three Months Ended June 30, 2015 2014 Interest income $ 221 $ 236 Interest expense (7,890 ) (7,363 ) Interest expense, net $ (7,669 ) $ (7,127 ) Interest expense for the three months ended June 30, 2014 includes the write-off of $0.2 million of deferred financing fees related to the repurchase of $11.3 million of our 6 ¼% Senior Notes due 2022 (the “6 ¼% Senior Notes”). For further details on the repurchase of the 6 ¼% Senior Notes, see Note 3. Other Income (Expense), Net In addition to foreign currency transaction gains (losses) discussed above, other income (expense), net includes expenses of $0.9 million related to premiums paid as a result of the repurchase of a portion of the 6 ¼% Senior Notes during the three months ended June 30, 2014 . Accretion of Redeemable Noncontrolling Interests Accretion of redeemable noncontrolling interests of $6.3 million for the three months ended June 30, 2015 relates to put arrangements whereby the noncontrolling interest holders may require us to redeem the remaining shares of Airnorth and Eastern Airways at a formula-based amount that is not considered fair value. Redeemable noncontrolling interest is adjusted each period for comprehensive income, dividends attributable to the noncontrolling interest and changes in ownership interest, if any. Additionally, at each period we are required to compare the redemption amount to the carrying value and, if the redemption amount is in excess of the carrying value, we adjust the carrying value to the redemption amount with a corresponding charge directly to retained earnings. While this charge does not impact net income (loss), it does result in a reduction of income (loss) available to common shareholders in the calculation of diluted earnings (loss) per share (see Note 8). As of June 30, 2015, we calculated the redemption amounts for Airnorth and Eastern Airways were above the carrying values and recorded adjustments of $1.2 million and $5.1 million , respectively, as an increase in redeemable noncontrolling interest and a decrease in retained earnings. Accounts Receivable As of June 30 and March 31, 2015 , the allowance for doubtful accounts for non-affiliates was $5.1 million and $0.9 million , respectively. There were no allowances for doubtful accounts related to accounts receivable due from affiliates as of June 30 and March 31, 2015 . The increase in the allowance for doubtful accounts for non-affiliates related to amounts due from two clients in Nigeria where we no longer believe it is probable of collection. Inventories As of June 30 and March 31, 2015 , inventories were net of allowances of $48.1 million and $45.4 million , respectively. During the three months ended June 30, 2015 , we increased our inventory allowance by $5.4 million as a result of our review of excess inventory on aircraft model types we plan to exit by the end of the fiscal year. Prepaid Expenses and Other Current Assets As of June 30 and March 31, 2015 , prepaid expenses and other current assets included the short-term portion of contract acquisition and pre-operating costs totaling $13.1 million and $8.9 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 contract. For the three months ended June 30, 2015 , we have expensed $1.0 million due to the start-up of some of these contracts. Other Assets As of June 30 and March 31, 2015 , other assets included the long-term portion of contract acquisition and pre-operating costs totaling $48.2 million and $42.4 million , respectively, related to the SAR contracts in the U.K. and a client contract in Norway, which are recoverable under the contract and will be expensed over the terms of the contracts. Property and Equipment and Assets Held for Sale During the three months ended June 30, 2015 and 2014 , we made capital expenditures as follows: Three Months Ended 2015 2014 Number of aircraft delivered: Medium 1 3 Large 1 6 Total aircraft 2 9 Capital expenditures (in thousands): Aircraft and related equipment (1) $ 40,462 $ 172,098 Other 27,315 28,349 Total capital expenditures $ 67,777 $ 200,447 _____________ (1) During the three months ended June 30, 2015 and 2014 , we spent $28.3 million and $161.0 million , respectively, on construction in progress, which primarily represents progress payments on aircraft to be delivered in future periods. The following table presents details on the aircraft sold or disposed of and impairments on assets held for sale during the three months ended June 30, 2015 and 2014 : Three Months Ended 2015 2014 (In thousands, except for number of aircraft) Number of aircraft sold or disposed of 9 4 Proceeds from sale or disposal of assets $ 9,301 $ 6,643 Gain from sale or disposal of assets $ 2,167 $ 3,189 Number of aircraft impaired 9 4 Impairment charges on aircraft held for sale $ 9,862 $ 2,579 During the three months ended June 30, 2015, we recorded accelerated depreciation of $10.5 million on fourteen medium, four large and one fixed wing aircraft operating in our Americas, Africa and Asia Pacific regions as management made the decision to exit these model types earlier than originally anticipated. We expect to record an additional $9.8 million in depreciation expense over the remainder of fiscal year 2016 relating to this change in fleet exit timing. Goodwill Subsequent to June 30, 2015, our stock price declined to a level where our total market capitalization was less than our net asset value per share, which will require us to analyze goodwill for impairment during the three months ending September 30, 2015 and could result in an impairment charge as of September 30, 2015 or in subsequent periods. Deferred Sale Leaseback Advance As of March 31, 2015 , we had a total deferred sale leaseback advance asset of $55.9 million , which was included in deferred sale leaseback advance on our condensed consolidated balance sheet. 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 had 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 totaling $147.4 million , with a corresponding increase to construction in progress. During fiscal year 2015, we took delivery and entered into leases for five of the aircraft and removed a total of $183.7 million and $182.6 million , respectively, from construction in progress and deferred sale leaseback advance on our condensed consolidated balance sheet. During the three months ended June 30, 2015 , we took delivery and entered into leases for the remaining two aircraft and removed a total of $75.8 million and $74.3 million , respectively, from construction in progress and deferred sale leaseback advance on our consolidated balance sheet. As of June 30, 2015, the construction in progress and deferred sale leaseback advance liability related to these deferred sale leaseback transactions were removed from our condensed consolidated balance sheet. Recent Accounting Pronouncement We consider the applicability and impact of all accounting standard updates (“ASUs”). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial position or results of operations. 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 was effective for annual reporting periods beginning after December 15, 2016. However, in July 2015, the FASB approved the deferral of the effective date of the revenue recognition standard permitting public entities to apply the new revenue standard to annual reporting periods beginning after December 15, 2017. Early application is permitted but not before the original effective date of December 15, 2016. 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. In February 2015, the FASB issued accounting guidance which changes the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The guidance amends the criteria for determining which entities are considered VIEs and amends the criteria for determining if a service provider possesses a variable interest in a VIE. This pronouncement is effective for annual and interim periods in fiscal years beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. A reporting entity may apply the amendments using a modified retrospective approach or a full retrospective application. We have not yet determined the effect, if any, of the standard on our consolidated financial statements. In April 2015, the FASB issued accounting guidance relating to the presentation of debt issuance costs. The intent is to simplify the presentation of debt issuance costs by requiring entities to record debt issuance costs on the balance sheet as a direct deduction from the carrying amount of the related debt liability, similar to debt discounts or premiums. This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 and early adoption is permitted. We do not believe adoption of this new guidance will have a significant impact on our consolidated financial statements.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	3 Months Ended
	Jun. 30, 2015
Variable Interest Entities [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES 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 June 30, 2015 , 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 2015 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 ( $143.1 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 $1.5 billion as of June 30, 2015 . 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, each 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% 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 as noncontrolling interest. 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 June 30, 2015 ) 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 by Bristow Aviation. 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 operations, with a corresponding increase in noncontrolling interest on our condensed consolidated balance sheets. Prepayments of the guaranteed return element of the call option are reflected as a reduction in noncontrolling interest 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 operations for Bristow Aviation and subsidiaries is presented in the aggregate, including intercompany amounts with other consolidated entities, as follows (in thousands): June 30, March 31, Assets Cash and cash equivalents $ 101,968 $ 91,190 Accounts receivable 548,317 521,989 Inventories 108,878 100,065 Prepaid expenses and other current assets 47,440 42,659 Total current assets 806,603 755,903 Investment in unconsolidated affiliates 183 64 Property and equipment, net 256,591 243,357 Goodwill 62,767 61,242 Other assets 88,687 78,637 Total assets $ 1,214,831 $ 1,139,203 Liabilities Accounts payable $ 446,428 $ 379,357 Accrued liabilities 170,819 154,306 Accrued interest 1,538,961 1,489,369 Deferred taxes — 1,128 Current maturities of long-term debt 9,454 9,643 Total current liabilities 2,165,662 2,033,803 Long-term debt, less current maturities 174,375 168,245 Accrued pension liabilities 101,911 99,576 Other liabilities and deferred credits 11,197 11,948 Deferred taxes 13,950 14,457 Temporary equity 35,342 26,223 Total liabilities $ 2,502,437 $ 2,354,252 Three Months Ended 2015 2014 Revenue $ 386,771 $ 383,817 Operating income (loss) (17,743 ) 16,700 Net loss (64,777 ) (37,581 ) Bristow Helicopters Nigeria Ltd. — Bristow Helicopters Nigeria Ltd. (“BHNL”) is a joint venture in Nigeria in which Bristow Helicopters owned a 48% interest, a Nigerian company owned 100% by Nigerian employees owned a 50% interest and an employee trust fund owned the remaining 2% interest as of June 30, 2015. 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”). In April 2015, Bristow Helicopters purchased an additional 8% interest in BHNL and the employee-owned Nigerian entity purchased an additional 2% interest with proceeds from a loan received from 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 and 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.

DEBT

DEBT	3 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
DEBT	DEBT Debt as of June 30 and March 31, 2015 consisted of the following (in thousands): June 30, March 31, 6¼% Senior Notes due 2022 $ 401,535 $ 401,535 Term Loan 346,084 222,179 3% Convertible Senior Notes due 2038, including zero and $0.9 million of unamortized discount, respectively 1,869 114,109 Revolving Credit Facility 155,000 83,800 Airnorth debt 21,929 23,119 Eastern Airways debt 18,784 19,680 Total debt 945,201 864,422 Less short-term borrowings and current maturities of long-term debt (26,954 ) (18,730 ) Total long-term debt $ 918,247 $ 845,692 3% Convertible Senior Notes due 2038 — During June 2015, we repurchased $113.1 million of the $115 million principal amount of our 3% Convertible Senior Notes due 2038 (the “3% Convertible Senior Notes”) from holders that exercised their right to require us to repurchase their notes on the first put date of June 15, 2015. We funded this repurchase using borrowings on our Revolving Credit Facility. On July 13, 2015, we issued a notice to the holders of the remaining $1.9 million principal amount of notes that we are redeeming the remaining notes at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date of August 14, 2015. The notes may be converted at any time before the close of business on August 13, 2015, the business day immediately preceding the redemption date. The notes are convertible into shares of common stock at a rate of 13.8373 shares per $1,000 principal amount of notes. We will satisfy our conversion obligation by delivering cash up to the principal amount of the notes surrendered for conversion and shares for the remainder of its conversion value, if any. As of June 30, 2015, the conversion value of the 3% Convertible Senior Notes did not exceed the principal balance. For further details on the 3% Convertible Senior Notes, see Note 5 to the fiscal year 2015 financial statements. The balances of the debt and equity components of the 3% Convertible Senior Notes as of each period presented are as follows (in thousands): June 30, March 31, Equity component – net carrying value $ 14,905 $ 14,905 Debt component: Face amount due at maturity $ 1,869 $ 115,000 Unamortized discount — (891 ) Debt component – net carrying value $ 1,869 $ 114,109 The debt discount was 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 months ended June 30, 2015 and 2014 was 6.9% . Interest expense related to our 3% Convertible Senior Notes for the three months ended June 30, 2015 and 2014 was as follows (in thousands): Three Months Ended 2015 2014 Contractual coupon interest $ 718 $ 863 Amortization of debt discount 891 1,019 Total interest expense $ 1,609 $ 1,882 Term Loan and Revolving Credit Facility — On April 17, 2015, we entered into the fifth amendment to the Amended and Restated Credit Agreement (the “Fifth Amendment”). The Fifth Amendment, among other things (a) increased the commitments under the Revolving Credit Facility from $350 million to $400 million (b) increased the Term Loan borrowings from approximately $222.6 million to $350.0 million and (c) permits the us to incur additional credit facility debt to refinance the existing 3% Convertible Senior Notes. For further details on the Revolving Credit Facility and Term Loan, see Note 5 to the fiscal year 2015 Financial Statements. During the three months ended June 30, 2015 , we had borrowings of $237.4 million and made payments of $166.2 million under the Revolving Credit Facility. Additionally, we paid $3.5 million to reduce our borrowings under the Term Loan. As of June 30, 2015 , we had $0.5 million in letters of credit outstanding under the Revolving Credit Facility.

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	3 Months Ended
	Jun. 30, 2015
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 June 30, 2015 , valued at fair value on a non-recurring basis (in thousands): Quoted Prices in Active Significant Other Significant Balance as of Total Inventories $ — $ 13,922 $ — $ 13,922 $ (5,439 ) Assets held for sale — 35,523 — 35,523 (9,862 ) Total assets $ — $ 49,445 $ — $ 49,445 $ (15,301 ) The following table summarizes the assets as of June 30, 2014 , valued at fair value on a non-recurring basis (in thousands): Quoted Prices in Active Significant Other Significant Balance as of Total Assets held for sale $ — $ 6,400 $ — $ 6,400 $ (2,579 ) Total assets $ — $ 6,400 $ — $ 6,400 $ (2,579 ) 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 months ended June 30, 2015 related to nine aircraft held for sale and the loss for the three months ended June 30, 2014 related to four aircraft held for sale. Recurring Fair Value Measurements The following table summarizes the financial instruments we had as of June 30, 2015 , valued at fair value on a recurring basis (in thousands): Quoted Prices Significant Significant Balance as of Balance Sheet Rabbi Trust investments $ 2,381 $ — $ — $ 2,381 Other assets Total assets $ 2,381 $ — $ — $ 2,381 Contingent consideration: (1) Current $ — $ — $ 26,314 $ 26,314 Other accrued liabilities Long-term — — 5,089 5,089 Other liabilities and deferred credits Total liabilities $ — $ — $ 31,403 $ 31,403 ______________ (1) Relates to our investment in Cougar Helicopters Inc. (“Cougar”) totaling $24.8 million and the acquisition of Capiteq Limited, operating under the name of Airnorth, totaling $6.6 million . For further details on Cougar and Airnorth, see Notes 2 and 3 to the fiscal year 2015 Financial Statements. The following table summarizes the financial instruments we had as of March 31, 2015 , valued at fair value on a recurring basis (in thousands): Quoted Prices Significant Significant Balance as of Balance Sheet Rabbi Trust investments $ 2,379 $ — $ — $ 2,379 Other assets Total assets $ 2,379 $ — $ — $ 2,379 Contingent consideration: (1) Current $ — $ — $ 33,938 $ 33,938 Other accrued liabilities Long-term — — 4,967 4,967 Other liabilities and deferred credits Total liabilities $ — $ — $ 38,905 $ 38,905 _____________ (1) Relates to our investment in Cougar totaling $32.5 million and Airnorth totaling $6.4 million . For further details on Cougar and Airnorth, see Notes 2 and 3 to the fiscal year 2015 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 three months ended June 30, 2015 (in thousands): Significant Unobservable Inputs (Level 3) Balance as of March 31, 2015 $ 38,905 Change in fair value of contingent consideration 498 Payment of Cougar second year earn-out (8,000 ) Balance as of June 30, 2015 $ 31,403 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 operations. Fluctuations in the fair value of contingent consideration are impacted by two unobservable inputs, management's estimate of the probability of Cougar or Airnorth achieving certain agreed performance targets and the estimated discount rate. As of June 30 and March 31, 2015 , the discount rate approximated 4% for the contingent consideration related to Cougar and 2% for the contingent consideration related to Airnorth. Fair Value of Debt The fair value of our debt 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): June 30, 2015 March 31, 2015 Carrying Value Fair Value Carrying Value Fair Value 6¼% Senior Notes $ 401,535 $ 397,520 $ 401,535 $ 381,458 Term Loan 346,084 346,084 222,179 222,179 3% Convertible Senior Notes 1,869 1,866 114,109 115,288 Revolving Credit Facility 155,000 155,000 83,800 83,800 Airnorth debt 21,929 21,929 23,119 23,119 Eastern Airways debt 18,784 18,784 19,680 19,680 $ 945,201 $ 941,183 $ 864,422 $ 845,524 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	3 Months Ended
	Jun. 30, 2015
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 June 30, 2015 , we had 46 aircraft on order and options to acquire an additional 21 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 2015 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. Nine Months Ending March 31, 2016 Fiscal Year Ending March 31, 2017 2018 2019 2020 and thereafter Total Commitments as of June 30, 2015: (1) Number of aircraft: Medium 10 — — — — 10 Large (2) 7 6 8 4 3 28 SAR configured 4 4 — — — 8 21 10 8 4 3 46 Related expenditures (in thousands) (3) Medium and large $ 244,379 $ 112,547 $ 108,094 $ 58,946 $ 31,550 $ 555,516 SAR configured 56,778 58,428 — — — 115,206 $ 301,157 $ 170,975 $ 108,094 $ 58,946 $ 31,550 $ 670,722 Options as of June 30, 2015: (2) Number of aircraft: Medium — 2 7 — — 9 Large (2) — 5 7 — — 12 — 7 14 — — 21 Related expenditures (in thousands) (3) $ 46,180 $ 202,279 $ 184,692 $ — $ — $ 433,151 _____________ (1) Signed client contracts are currently in place that will utilize 11 of these aircraft. (2) Seventeen large aircraft on order expected to enter service between fiscal years 2017 and 2020 are subject to the successful development and certification of the aircraft. (3) Includes progress payments on aircraft scheduled to be delivered in future periods. The following chart presents an analysis of our aircraft orders and options during the three months ended June 30, 2015 : Orders Options Beginning of period 45 30 Aircraft delivered (2 ) — Exercised options 3 (3 ) Expired options — (6 ) End of period 46 21 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 $53.9 million and $33.1 million for the three months ended June 30, 2015 and 2014 , respectively, which includes rental expense incurred under operating leases for aircraft of $46.6 million and $26.4 million , respectively. We did not enter into any sale leasebacks during the three months ended June 30, 2015 and 2014 . The aircraft leases range from base terms of up to 180 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 June 30, 2015 : End of Lease Term Number of Aircraft Monthly Lease Payments (in thousands) Nine months ending March 31, 2016 to fiscal year 2017 12 $ 1,680 Fiscal year 2018 to fiscal year 2020 48 9,294 Fiscal year 2021 to fiscal year 2024 24 2,703 84 $ 13,677 Employee Agreements — Approximately 47% of our employees are represented by collective bargaining agreements and/or unions with 20% of these employees being represented by collective bargaining agreements and/or unions that have expired or will expire in one year. These agreements generally include annual escalations of up to 6% . Periodically, certain groups of our employees who are not covered by a collective bargaining agreement consider entering into such an agreement. We also have employment agreements with members of senior management. Separation Programs — In March 2015, we offered a voluntary separation program (“VSP”) to certain employees as part of our ongoing efforts to improve efficiencies and reduce costs. The VSP was offered to approximately 2,888 employees and 137 employees accepted prior to the expiration of the offers, the date of which varied by region. We will recognize the expense related to their termination benefits over their remaining service period, which we estimate will be $7.2 million through May 2017. During the three months ended June 30, 2015 , we recognized $6.4 million in severance expense as a result of the VSP, $5.8 million of which is included in direct cost and $0.6 million in general administrative expense. Additionally, beginning in March 2015, we initiated involuntary separation programs (“ISPs”) in certain regions. During the three months ended June 30, 2015 , we recognized $1.6 million in severance expense as a result of the ISPs, $0.5 million of which is included in direct cost and $1.1 million in general administrative expense. In July 2015, we took further action in response to weakened market conditions, initiating an ISP in the Europe Caspian region. We expect to incur approximately $5.0 million in severance expense related to this plan over the remainder of fiscal year 2016. 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 June 30, 2015 , we had $325.8 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. 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 is not probable at this time, but is reasonably possible. A loss contingency is reasonably possible if the contingency 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 June 30, 2015 to be approximately $6 million to $9 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	3 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
TAXES	TAXES In accordance with GAAP, we estimate the full-year effective tax rate from continuing operations and apply this rate to our year-to-date income from continuing operations. In addition, we separately calculate the tax impact of unusual or infrequent items, if any. The tax impacts of such unusual or infrequent items are treated discretely in the quarter in which they occur. During the three months ended June 30, 2015 and 2014 , our effective tax rate was 262.3% and 20.8% , respectively. The relationship between our provision for or benefit from income taxes and our pre-tax book income can vary significantly from period to period considering, among other factors, (a) the overall level of pre-tax book income, (b) changes in the blend of income that is taxed based on gross revenues or at high effective tax rates versus pre-tax book income or at low effective tax rates and (c) our geographical blend of pre-tax book income. Consequently, our income tax expense does not change proportionally with our pre-tax book income. Significant decreases in our pre-tax book income typically result in higher effective tax rates, while significant increases in pre-tax book income can lead to lower effective tax rates, subject to the other factors impacting income tax expense noted above. The increase in our effective tax rate (excluding discrete items) for the three months ended June 30, 2015 as compared to the three months ended June 30, 2014 primarily related to an increase in the blend of income taxed in relatively high taxed jurisdictions versus low taxed jurisdictions. Additionally, during the three months ended June 30, 2015, we increased our valuation allowance by $2.0 million which also increased our effective tax rate. As of June 30, 2015 , there were $5.1 million of unrecognized tax benefits, all of which would have an impact on our effective tax rate if recognized except for items with indemnities. The uncertain tax benefits relate to pre-acquisition tax matters for the February 2014 acquisition of the 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	3 Months Ended
	Jun. 30, 2015
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 2015 2014 Service cost for benefits earned during the period $ 2,373 $ 2,246 Interest cost on pension benefit obligation 5,171 6,929 Expected return on assets (6,941 ) (8,223 ) Amortization of unrecognized losses 2,131 1,768 Net periodic pension cost $ 2,734 $ 2,720 We pre-funded our contributions of £12.5 million ( $18.6 million) to our U.K. Staff pension plan for fiscal year 2016 in quarterly installments during fiscal year 2015 . The current estimates of our cash contributions required for fiscal year 2017 to our U.K. pension plans and Norwegian pension plan to be paid in fiscal year 2016 are $18.1 million and $11.7 million , respectively, of which $2.5 million and $2.2 million , respectively, were paid during the three months ended June 30, 2015 . 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 June 30, 2015 , 1,480,493 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 9 to our fiscal year 2015 Financial Statements. Total stock-based compensation expense, which includes stock options and restricted stock, totaled $4.0 million and $4.2 million for the three months ended June 30, 2015 and 2014 , respectively. Stock-based compensation expense has been allocated to our various regions. During the three months ended June 30, 2015 , we awarded 190,439 shares of restricted stock at an average grant date fair value of $58.17 per share. Also during the three months ended June 30, 2015 , 714,312 stock options were granted. The following table shows the assumptions used to compute the stock-based compensation expense for stock options granted during the three months ended June 30, 2015 : Risk free interest rate 1.63 % Expected life (years) 6 Volatility 28.1 % Dividend yield 3.14 % Weighted average exercise price of options granted $58.17 per option Weighted average grant-date fair value of options granted $10.84 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 June 30 and March 31, 2015 was $15.6 million and $21.0 million , respectively, and represents an accrual based on the fair value of the awards on those dates. The decrease in the liability during the three months ended June 30, 2015 resulted from the payout in June 2015 of the awards granted in June 2012, partially offset by the value of the new awards granted in June 2015. 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 June 30, 2015 and 2014 was $3.4 million and $2.1 million , respectively.

DIVIDENDS, SHARE REPURCHASES, E

DIVIDENDS, SHARE REPURCHASES, EARNINGS PER SHARE AND ACCUMULATED OTHER COMPREHENSIVE INCOME	3 Months Ended
	Jun. 30, 2015
Dividends, Share Repurchases, Earning Per Share and Accumulated Other Comprehensive Income [Abstract]
DIVIDENDS, SHARE REPURCHASES, EARNINGS PER SHARE AND ACCUMULATED OTHER COMPREHENSIVE INCOME	DIVIDENDS, SHARE REPURCHASES, EARNINGS PER SHARE AND ACCUMULATED OTHER COMPREHENSIVE INCOME Dividends On August 5, 2015, our board of directors approved a dividend of $0.34 per share of Common Stock, payable on September 15, 2015 to shareholders of record on September 1, 2015. See discussion of our dividends in Note 10 to our fiscal year 2015 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 As of July 31, 2015, we had $125.0 million of repurchase authority remaining from $150.0 million that was authorized by our board of directors for share repurchases between November 6, 2014 and November 5, 2015. During the three months ended June 30, 2014 , we spent $20.2 million to repurchase 270,598 shares of our Common Stock. We did not repurchase any shares during the three months ended June 30, 2015 . For additional information on our repurchases of Common Stock, see “Share Repurchases” in Note 10 to the fiscal year 2015 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 2015 2014 Options: Outstanding 747,253 302,447 Weighted average exercise price $ 68.47 $ 62.17 Restricted stock awards: Outstanding 262,746 43,391 Weighted average price $ 58.53 $ 74.46 The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended 2015 2014 Net income (loss) available to common stockholders (in thousands): Income (loss) available to common stockholders – basic $ (9,558 ) $ 44,109 Interest expense on assumed conversion of 3% Convertible Senior Notes, net of tax (1) — — Income (loss) available to common stockholders – diluted $ (9,558 ) $ 44,109 Shares: Weighted average number of common shares outstanding – basic 34,857,969 35,564,328 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 — 301,578 Weighted average number of common shares outstanding – diluted 34,857,969 35,865,906 Basic earnings (loss) per common share $ (0.27 ) $ 1.24 Diluted earnings (loss) per common share $ (0.27 ) $ 1.23 _____________ (1) Diluted earnings per common share for the three months ended June 30, 2015 and 2014 excludes 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 June 30, 2015 , the base conversion price of the notes was approximately $72.27 , based on the base conversion rate of 13.8373 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 8.9912 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 months ended June 30, 2015 and 2014 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, 2015 $ (39,066 ) $ (231,263 ) $ (270,329 ) Other comprehensive income before reclassification 14,714 — 14,714 Reclassified from accumulated other comprehensive income — — — Net current period other comprehensive income 14,714 — 14,714 Foreign exchange rate impact 16,072 (16,072 ) — Balance at June 30, 2015 $ (8,280 ) $ (247,335 ) $ (255,615 ) _____________ (1) Reclassification of amounts related to pension liability adjustments are included as a component of net periodic pension cost.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Jun. 30, 2015
Segments [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION We conduct our business in one segment: Helicopter Services. Effective April 1, 2015, we reorganized our Helicopter Services global operations from five business units to four regions as follows: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region comprises all our operations and affiliates in Europe and Central Asia, including Norway, the U.K. and Turkmenistan. The Africa region comprises all our operations and affiliates on the African continent, including Nigeria, Tanzania and Egypt. The Americas region comprises all our operations and affiliates in North America and South America, including Brazil, Canada, Trinidad and the U.S. Gulf of Mexico. The Asia Pacific region comprises all our operations and affiliates in Australia and Southeast Asia, including Malaysia and Sakhalin. Amounts presented below for the three months ended June 30, 2014 and as of March 31, 2015 have been restated to conform to current period presentation. Additionally, we operate a training unit, Bristow Academy, which is included in Corporate and other. The following shows region information for the three months ended June 30, 2015 and 2014 and as of June 30 and March 31, 2015 , where applicable, reconciled to consolidated totals, and prepared on the same basis as our condensed consolidated financial statements (in thousands): Three Months Ended 2015 2014 Regional gross revenue from external clients: Europe Caspian $ 222,949 $ 230,256 Africa 78,915 87,470 Americas 76,600 86,354 Asia Pacific 80,388 59,556 Corporate and other 8,144 8,902 Total regional gross revenue $ 466,996 $ 472,538 Intra-region gross revenue: Europe Caspian $ 392 $ 3,395 Africa — — Americas 3,652 3,514 Asia Pacific — — Corporate and other 783 643 Total intra-region gross revenue $ 4,827 $ 7,552 Consolidated gross revenue reconciliation: Europe Caspian $ 223,341 $ 233,651 Africa 78,915 87,470 Americas 80,252 89,868 Asia Pacific 80,388 59,556 Corporate and other 8,927 9,545 Intra-region eliminations (4,827 ) (7,552 ) Total consolidated gross revenue $ 466,996 $ 472,538 Three Months Ended 2015 2014 Earnings from unconsolidated affiliates, net of losses – equity method investments: Europe Caspian $ 99 $ 372 Americas 6,197 3,909 Total earnings from unconsolidated affiliates, net of losses – equity method investments $ 6,296 $ 4,281 Consolidated operating income (loss) reconciliation: Europe Caspian $ 14,197 $ 42,195 Africa 12,952 17,626 Americas 16,532 26,658 Asia Pacific (688 ) 3,330 Corporate and other (30,464 ) (25,227 ) Gain (loss) on disposal of assets (7,695 ) 610 Total consolidated operating income $ 4,834 $ 65,192 Depreciation and amortization: Europe Caspian $ 10,782 $ 9,747 Africa 5,884 3,963 Americas 10,156 7,189 Asia Pacific 8,319 4,240 Corporate and other 2,005 195 Total depreciation and amortization (1) $ 37,146 $ 25,334 June 30, March 31, Identifiable assets: Europe Caspian $ 1,194,126 $ 972,163 Africa 425,913 484,514 Americas 900,638 966,538 Asia Pacific 373,765 401,973 Corporate and other 348,249 405,532 Total identifiable assets (2) $ 3,242,691 $ 3,230,720 Investments in unconsolidated affiliates – equity method investments: Europe Caspian $ 183 $ 65 Americas 216,763 210,025 Total investments in unconsolidated affiliates – equity method investments $ 216,946 $ 210,090 _____________ (1) Includes accelerated depreciation expense of $10.5 million during the three months ended June 30, 2015 related to aircraft where management made the decision to exit these model types earlier than originally anticipated in our Americas, Africa and Asia Pacific regions of $2.9 million , $2.3 million and $5.3 million , respectively. For further details, see Note 1. (2) Includes $252.9 million and $306.0 million of construction in progress within property and equipment on our condensed consolidated balance sheets as of June 30 and March 31, 2015 , respectively, which primarily represents progress payments on aircraft to be delivered in future periods.

SUPPLEMENTAL CONDENSED CONSOLID

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION	3 Months Ended
	Jun. 30, 2015
Supplemental Condensed Consolidating Financial Information [Abstract]
Additional Financial Information Disclosure [Text Block]	SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION In connection with the issuance of the 6 1 / 4 % 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 operations, 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 Operations Three Months Ended June 30, 2015 Parent Company Only Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated (In thousands) Revenue: Gross revenue $ — $ 64,856 $ 402,140 $ — $ 466,996 Intercompany revenue — 24,811 — (24,811 ) — — 89,667 402,140 (24,811 ) 466,996 Operating expense: Direct cost and reimbursable expense 144 56,734 305,407 — 362,285 Intercompany expenses — — 24,811 (24,811 ) — Depreciation and amortization 1,609 14,585 20,952 — 37,146 General and administrative 20,551 6,831 33,950 — 61,332 22,304 78,150 385,120 (24,811 ) 460,763 Gain (loss) on disposal of assets — (7,737 ) 42 — (7,695 ) Earnings from unconsolidated affiliates, net of losses (15,434 ) — 6,296 15,434 6,296 Operating income (loss) (37,738 ) 3,780 23,358 15,434 4,834 Interest expense, net 27,484 (1,265 ) (33,888 ) — (7,669 ) Other income (expense), net (316 ) (246 ) 4,401 — 3,839 Income (loss) before provision for income taxes (10,570 ) 2,269 (6,129 ) 15,434 1,004 Allocation of consolidated income taxes 7,327 (1,137 ) (8,823 ) — (2,633 ) Net income (loss) (3,243 ) 1,132 (14,952 ) 15,434 (1,629 ) Net income (loss) attributable to noncontrolling interests (14 ) — (1,614 ) — (1,628 ) Net income (loss) attributable to Bristow Group (3,257 ) 1,132 (16,566 ) 15,434 (3,257 ) Accretion of redeemable noncontrolling interests — — (6,301 ) — (6,301 ) Net income (loss) attributable to common stockholders $ (3,257 ) $ 1,132 $ (22,867 ) $ 15,434 $ (9,558 ) Supplemental Condensed Consolidating Statement of Operations Three Months Ended June 30, 2014 Parent Company Only Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated (In thousands) Revenue: Gross revenue $ — $ 75,637 $ 396,901 $ — $ 472,538 Intercompany revenue 553 24,826 — (25,379 ) — 553 100,463 396,901 (25,379 ) 472,538 Operating expense: Direct cost and reimbursable expense — 53,065 273,406 — 326,471 Intercompany expenses — — 25,379 (25,379 ) — Depreciation and amortization (142 ) 10,215 15,261 — 25,334 General and administrative 18,337 10,099 31,996 — 60,432 18,195 73,379 346,042 (25,379 ) 412,237 Gain (loss) on disposal of assets — 1,338 (728 ) — 610 Earnings from unconsolidated affiliates, net of losses 36,992 — 4,281 (36,992 ) 4,281 Operating income 19,350 28,422 54,412 (36,992 ) 65,192 Interest expense, net 27,518 (1,006 ) (33,639 ) — (7,127 ) Other income (expense), net (928 ) (72 ) (239 ) — (1,239 ) Income before provision for income taxes 45,940 27,344 20,534 (36,992 ) 56,826 Allocation of consolidated income taxes (1,813 ) 233 (10,243 ) — (11,823 ) Net income 44,127 27,577 10,291 (36,992 ) 45,003 Net income attributable to noncontrolling interests (18 ) — (876 ) — (894 ) Net income attributable to Bristow Group $ 44,109 $ 27,577 $ 9,415 $ (36,992 ) $ 44,109 Supplemental Condensed Consolidating Statement of Comprehensive Income Three Months Ended June 30, 2015 Parent Guarantor Non- Eliminations Consolidated (In thousands) Net income $ (3,243 ) $ 1,132 $ (14,952 ) $ 15,434 $ (1,629 ) Other comprehensive income (loss): Currency translation adjustments 36,371 — (86,867 ) 63,104 12,608 Total comprehensive income (loss) 33,128 1,132 (101,819 ) 78,538 10,979 Net income attributable to noncontrolling interests (14 ) — (1,614 ) — (1,628 ) Currency translation adjustments attributable to noncontrolling interests — — 2,106 — 2,106 Total comprehensive income attributable to noncontrolling interests (14 ) — 492 — 478 Total comprehensive income (loss) attributable to Bristow Group 33,114 1,132 (101,327 ) 78,538 11,457 Accretion of redeemable noncontrolling interests — — (6,301 ) — (6,301 ) Total comprehensive (income) loss attributable to common stockholders $ 33,114 $ 1,132 $ (107,628 ) $ 78,538 $ 5,156 Supplemental Condensed Consolidating Statement of Comprehensive Income Three Months Ended June 30, 2014 Parent Guarantor Non- Eliminations Consolidated (In thousands) Net income $ 44,127 $ 27,577 $ 10,291 $ (36,992 ) $ 45,003 Other comprehensive income: Currency translation adjustments (7,036 ) — (20,399 ) 35,672 8,237 Total comprehensive income 37,091 27,577 (10,108 ) (1,320 ) 53,240 Net income attributable to noncontrolling interests (18 ) — (876 ) — (894 ) Currency translation adjustments attributable to noncontrolling interests — — 971 — 971 Total comprehensive income attributable to noncontrolling interests (18 ) — 95 — 77 Total comprehensive income attributable to Bristow Group $ 37,073 $ 27,577 $ (10,013 ) $ (1,320 ) $ 53,317 Supplemental Condensed Consolidating Balance Sheet As of June 30, 2015 Parent Company Only Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated (In thousands) ASSETS Current assets: Cash and cash equivalents $ 8,467 $ — $ 112,059 $ (132 ) $ 120,394 Accounts receivable 420,427 444,319 472,889 (1,079,358 ) 258,277 Inventories — 40,119 111,828 — 151,947 Assets held for sale — 36,362 2,274 — 38,636 Prepaid expenses and other current assets 4,043 6,140 50,457 — 60,640 Total current assets 432,937 526,940 749,507 (1,079,490 ) 629,894 Intercompany investment 1,366,976 111,379 158,843 (1,637,198 ) — Investment in unconsolidated affiliates — — 223,233 — 223,233 Intercompany notes receivable 1,227,432 13,786 — (1,241,218 ) — Property and equipment—at cost: Land and buildings 2,830 55,080 141,172 — 199,082 Aircraft and equipment 119,381 1,038,526 1,296,043 — 2,453,950 122,211 1,093,606 1,437,215 — 2,653,032 Less: Accumulated depreciation and amortization (18,037 ) (216,145 ) (272,678 ) — (506,860 ) 104,174 877,461 1,164,537 — 2,146,172 Goodwill — 4,756 73,242 — 77,998 Other assets 167,011 1,001 106,390 (109,008 ) 165,394 Total assets $ 3,298,530 $ 1,535,323 $ 2,475,752 $ (4,066,914 ) $ 3,242,691 LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ INVESTMENT Current liabilities: Accounts payable $ 302,985 $ 460,061 $ 329,636 $ (994,429 ) $ 98,253 Accrued liabilities 16,116 39,276 1,248,960 (1,060,861 ) 243,491 Current deferred taxes 2,572 1,917 (356 ) — 4,133 Short-term borrowings and current maturities of long-term debt 17,501 — 9,453 — 26,954 Deferred sale leaseback advance — — — — — Total current liabilities 339,174 501,254 1,587,693 (2,055,290 ) 372,831 Long-term debt, less current maturities 886,988 — 31,259 — 918,247 Intercompany notes payable 100,000 122,897 152,849 (375,746 ) — Accrued pension liabilities — — 101,911 — 101,911 Other liabilities and deferred credits 10,132 7,670 221,175 (207,753 ) 31,224 Deferred taxes 143,708 6,140 19,532 — 169,380 Redeemable noncontrolling interests — — 35,342 — 35,342 Stockholders’ investment: Common stock 376 4,996 22,876 (27,872 ) 376 Additional paid-in-capital 782,620 9,291 284,048 (293,339 ) 782,620 Retained earnings 1,263,013 883,075 110,692 (993,767 ) 1,263,013 Accumulated other comprehensive loss (44,233 ) — (98,235 ) (113,147 ) (255,615 ) Treasury shares (184,796 ) — — — (184,796 ) Total Bristow Group stockholders’ investment 1,816,980 897,362 319,381 (1,428,125 ) 1,605,598 Noncontrolling interests 1,548 — 6,610 — 8,158 Total stockholders’ investment 1,818,528 897,362 325,991 (1,428,125 ) 1,613,756 Total liabilities, redeemable noncontrolling interests and stockholders’ investment $ 3,298,530 $ 1,535,323 $ 2,475,752 $ (4,066,914 ) $ 3,242,691 Supplemental Condensed Consolidating Balance Sheet As of March 31, 2015 Parent Company Only Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated (In thousands) ASSETS Current assets: Cash and cash equivalents $ 126 $ 884 $ 103,136 $ — $ 104,146 Accounts receivable 377,158 342,239 447,776 (908,555 ) 258,618 Inventories — 44,285 102,884 — 147,169 Assets held for sale — 54,695 3,132 — 57,827 Prepaid expenses and other current assets 4,850 7,035 58,206 — 70,091 Total current assets 382,134 449,138 715,134 (908,555 ) 637,851 Intercompany investment 1,410,347 111,380 — (1,521,727 ) — Investment in unconsolidated affiliates — — 216,376 — 216,376 Intercompany notes receivable 1,184,335 — — (1,184,335 ) — Property and equipment—at cost: Land and buildings 2,830 50,946 118,183 — 171,959 Aircraft and equipment 108,457 1,114,218 1,271,194 — 2,493,869 111,287 1,165,164 1,389,377 — 2,665,828 Less: Accumulated depreciation and amortization (16,431 ) (223,245 ) (269,051 ) — (508,727 ) 94,856 941,919 1,120,326 — 2,157,101 Goodwill — 4,756 70,872 — 75,628 Other assets 43,423 988 99,353 — 143,764 Total assets $ 3,115,095 $ 1,508,181 $ 2,222,061 $ (3,614,617 ) $ 3,230,720 LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ INVESTMENT Current liabilities: Accounts payable $ 203,700 $ 369,854 $ 289,838 $ (779,199 ) $ 84,193 Accrued liabilities 31,805 37,860 206,789 (18,009 ) 258,445 Current deferred taxes (3,661 ) 2,503 18,862 — 17,704 Short-term borrowings and current maturities of long-term debt 9,088 — 9,642 — 18,730 Deferred sale leaseback — 55,934 — — 55,934 Total current liabilities 240,932 466,151 525,131 (797,208 ) 435,006 Long-term debt, less current maturities 812,536 — 33,156 — 845,692 Intercompany notes payable 100,000 131,075 1,065,918 (1,296,993 ) — Accrued pension liabilities — — 99,576 — 99,576 Other liabilities and deferred credits 17,144 8,379 21,711 (7,452 ) 39,782 Deferred taxes 141,771 6,346 17,538 — 165,655 Redeemable noncontrolling interests — — 26,223 — 26,223 Stockholders’ investment: Common stock 376 4,996 22,876 (27,872 ) 376 Additional paid-in-capital 781,837 9,291 284,048 (293,339 ) 781,837 Retained earnings 1,284,442 881,943 133,559 (1,015,502 ) 1,284,442 Accumulated other comprehensive loss (80,604 ) — (13,474 ) (176,251 ) (270,329 ) Treasury shares (184,796 ) — — — (184,796 ) Total Bristow Group stockholders’ investment 1,801,255 896,230 427,009 (1,512,964 ) 1,611,530 Noncontrolling interests 1,457 — 5,799 — 7,256 Total stockholders’ investment 1,802,712 896,230 432,808 (1,512,964 ) 1,618,786 Total liabilities, redeemable noncontrolling interests and stockholders’ investment $ 3,115,095 $ 1,508,181 $ 2,222,061 $ (3,614,617 ) $ 3,230,720 Supplemental Condensed Consolidating Statement of Cash Flows Three Months Ended June 30, 2015 Parent Company Only Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated (In thousands) Net cash provided by (used in) operating activities $ (61,581 ) $ 54,056 $ 23,594 $ (132 ) $ 15,937 Cash flows from investing activities: Capital expenditures (8,034 ) (24,091 ) (35,652 ) — (67,777 ) Proceeds from asset dispositions — 8,932 369 — 9,301 Net cash used in investing activities (8,034 ) (15,159 ) (35,283 ) — (58,476 ) Cash flows from financing activities: Proceeds from borrowings 364,774 — — — 364,774 Debt issuance costs — — — — — Repayment of debt (282,831 ) — (2,758 ) — (285,589 ) Dividends paid (11,871 ) — — — (11,871 ) Increases (decreases) in cash related to intercompany advances and debt 7,561 (39,781 ) 32,220 — — Partial prepayment of put/call obligation (14 ) — — — (14 ) Acquisition of noncontrolling interest — — (2,000 ) — (2,000 ) Payment of contingent consideration — — (8,000 ) — (8,000 ) Repurchase of Common Stock — — — — — Issuance of Common Stock — — — — — Tax benefit related to stock-based compensation 337 — — — 337 Net cash provided by (used in) financing activities 77,956 (39,781 ) 19,462 — 57,637 Effect of exchange rate changes on cash and cash equivalents — — 1,150 — 1,150 Net increase (decrease) in cash and cash equivalents 8,341 (884 ) 8,923 (132 ) 16,248 Cash and cash equivalents at beginning of period 126 884 103,136 — 104,146 Cash and cash equivalents at end of period $ 8,467 $ — $ 112,059 $ (132 ) $ 120,394 Supplemental Condensed Consolidating Statement of Cash Flows Three Months Ended June 30, 2014 Parent Company Only Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated (In thousands) Net cash provided by (used in) operating activities $ (22,755 ) $ 54,360 $ 7,158 $ (1,418 ) $ 37,345 Cash flows from investing activities: Capital expenditures (11,219 ) (98,694 ) (90,534 ) — (200,447 ) Proceeds from asset dispositions — 6,423 220 — 6,643 Net cash used in investing activities (11,219 ) (92,271 ) (90,314 ) — (193,804 ) Cash flows from financing activities: Proceeds from borrowings 147,500 — 544 — 148,044 Repayment of debt (31,891 ) — (3,957 ) — (35,848 ) Dividends paid (11,353 ) — — — (11,353 ) Increases (decreases) in cash related to intercompany advances and debt (49,231 ) 37,911 11,320 — — Partial prepayment of put/call obligation (15 ) — — — (15 ) Repurchase of Common Stock (20,157 ) — — — (20,157 ) Issuance of Common Stock 975 — — — 975 Tax benefit related to stock-based compensation 166 — — — 166 Net cash provided by financing activities 35,994 37,911 7,907 — 81,812 Effect of exchange rate changes on cash and cash equivalents — — 4,110 — 4,110 Net increase (decrease) in cash and cash equivalents 2,020 — (71,139 ) (1,418 ) (70,537 ) Cash and cash equivalents at beginning of period 4,640 — 200,147 (446 ) 204,341 Cash and cash equivalents at end of period $ 6,660 $ — $ 129,008 $ (1,864 ) $ 133,804

BASIS OF PRESENTATION, CONSOL19

BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jun. 30, 2015
Basis Of Presentation, Consolidation 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 has occurred or 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 operations. Bristow Academy, our helicopter training 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") and Capiteq Limited, operating under the name Airnorth, primarily earn revenue through charter and scheduled airline services and provision of airport services (Eastern Airways only). 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 in accordance with the above policy. Airport services revenue is recognized when earned.

BASIS OF PRESENTATION, CONSOL20

BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Jun. 30, 2015
Basis Of Presentation, Consolidation And Summary Of Significant Accounting Policies [Abstract]
Schedule of foreign exchange rates	The value of these currencies has fluctuated relative to the U.S. dollar as indicated in the following table: Three Months Ended 2015 2014 One British pound sterling into U.S. dollars High 1.59 1.71 Average 1.53 1.68 Low 1.46 1.66 At period-end 1.57 1.71 One euro into U.S. dollars High 1.14 1.39 Average 1.11 1.37 Low 1.06 1.35 At period-end 1.11 1.37 One Australian dollar into U.S. dollars High 0.81 0.94 Average 0.78 0.93 Low 0.76 0.92 At period-end 0.77 0.94 One Norwegian kroner into U.S. dollars High 0.1370 0.1753 Average 0.1291 0.1717 Low 0.1234 0.1638 At period-end 0.1267 0.1649 One Nigerian naira into U.S. dollars High 0.0051 0.0063 Average 0.0051 0.0062 Low 0.0050 0.0061 At period-end 0.0050 0.0062 _____________ Source: Bank of England and Oanda.com The value of the Brazilian real has fluctuated relative to the U.S. dollar as indicated in the following table: Three Months Ended 2015 2014 One Brazilian real into U.S. dollars High 0.3435 0.4572 Average 0.3258 0.4493 Low 0.3108 0.4391 At period-end 0.3184 0.4538 _____________ Source: Oanda.com
Schedule of foreign exchange impact	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 Revenue $ (40,068 ) Operating expense 33,957 Earnings from unconsolidated affiliates, net of losses 1,386 Non-operating expense 4,255 Income before provision for income taxes (470 ) Provision for income taxes 108 Net income (362 ) Cumulative translation adjustment 14,714 Total stockholders’ investment $ 14,352
Interest income and interest expense disclosure	During the three months ended June 30, 2015 and 2014, interest expense, net consisted of the following (in thousands): Three Months Ended June 30, 2015 2014 Interest income $ 221 $ 236 Interest expense (7,890 ) (7,363 ) Interest expense, net $ (7,669 ) $ (7,127 )
Schedule of capital expenditures	During the three months ended June 30, 2015 and 2014 , we made capital expenditures as follows: Three Months Ended 2015 2014 Number of aircraft delivered: Medium 1 3 Large 1 6 Total aircraft 2 9 Capital expenditures (in thousands): Aircraft and related equipment (1) $ 40,462 $ 172,098 Other 27,315 28,349 Total capital expenditures $ 67,777 $ 200,447 _____________ (1) During the three months ended June 30, 2015 and 2014 , we spent $28.3 million and $161.0 million , respectively, on construction in progress, which primarily represents progress payments on aircraft to be delivered in future periods.
Schedule of aircraft sales and impairments	The following table presents details on the aircraft sold or disposed of and impairments on assets held for sale during the three months ended June 30, 2015 and 2014 : Three Months Ended 2015 2014 (In thousands, except for number of aircraft) Number of aircraft sold or disposed of 9 4 Proceeds from sale or disposal of assets $ 9,301 $ 6,643 Gain from sale or disposal of assets $ 2,167 $ 3,189 Number of aircraft impaired 9 4 Impairment charges on aircraft held for sale $ 9,862 $ 2,579

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	3 Months Ended
	Jun. 30, 2015
Variable Interest Entities [Abstract]
Primary beneficiary variable interest financial statements	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 operations for Bristow Aviation and subsidiaries is presented in the aggregate, including intercompany amounts with other consolidated entities, as follows (in thousands): June 30, March 31, Assets Cash and cash equivalents $ 101,968 $ 91,190 Accounts receivable 548,317 521,989 Inventories 108,878 100,065 Prepaid expenses and other current assets 47,440 42,659 Total current assets 806,603 755,903 Investment in unconsolidated affiliates 183 64 Property and equipment, net 256,591 243,357 Goodwill 62,767 61,242 Other assets 88,687 78,637 Total assets $ 1,214,831 $ 1,139,203 Liabilities Accounts payable $ 446,428 $ 379,357 Accrued liabilities 170,819 154,306 Accrued interest 1,538,961 1,489,369 Deferred taxes — 1,128 Current maturities of long-term debt 9,454 9,643 Total current liabilities 2,165,662 2,033,803 Long-term debt, less current maturities 174,375 168,245 Accrued pension liabilities 101,911 99,576 Other liabilities and deferred credits 11,197 11,948 Deferred taxes 13,950 14,457 Temporary equity 35,342 26,223 Total liabilities $ 2,502,437 $ 2,354,252 Three Months Ended 2015 2014 Revenue $ 386,771 $ 383,817 Operating income (loss) (17,743 ) 16,700 Net loss (64,777 ) (37,581 )

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of debt	Debt as of June 30 and March 31, 2015 consisted of the following (in thousands): June 30, March 31, 6¼% Senior Notes due 2022 $ 401,535 $ 401,535 Term Loan 346,084 222,179 3% Convertible Senior Notes due 2038, including zero and $0.9 million of unamortized discount, respectively 1,869 114,109 Revolving Credit Facility 155,000 83,800 Airnorth debt 21,929 23,119 Eastern Airways debt 18,784 19,680 Total debt 945,201 864,422 Less short-term borrowings and current maturities of long-term debt (26,954 ) (18,730 ) Total long-term debt $ 918,247 $ 845,692
Schedule of convertible debt	The balances of the debt and equity components of the 3% Convertible Senior Notes as of each period presented are as follows (in thousands): June 30, March 31, Equity component – net carrying value $ 14,905 $ 14,905 Debt component: Face amount due at maturity $ 1,869 $ 115,000 Unamortized discount — (891 ) Debt component – net carrying value $ 1,869 $ 114,109
Schedule of convertible debt interest expense	Interest expense related to our 3% Convertible Senior Notes for the three months ended June 30, 2015 and 2014 was as follows (in thousands): Three Months Ended 2015 2014 Contractual coupon interest $ 718 $ 863 Amortization of debt discount 891 1,019 Total interest expense $ 1,609 $ 1,882

FAIR VALUE DISCLOSURES (Tables)

FAIR VALUE DISCLOSURES (Tables)	3 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of fair value assets measured on non-recurring basis	The following table summarizes the assets as of June 30, 2014 , valued at fair value on a non-recurring basis (in thousands): Quoted Prices in Active Significant Other Significant Balance as of Total Assets held for sale $ — $ 6,400 $ — $ 6,400 $ (2,579 ) Total assets $ — $ 6,400 $ — $ 6,400 $ (2,579 ) The following table summarizes the assets as of June 30, 2015 , valued at fair value on a non-recurring basis (in thousands): Quoted Prices in Active Significant Other Significant Balance as of Total Inventories $ — $ 13,922 $ — $ 13,922 $ (5,439 ) Assets held for sale — 35,523 — 35,523 (9,862 ) Total assets $ — $ 49,445 $ — $ 49,445 $ (15,301 )
Schedule of fair value assets measured on recurring basis	The following table summarizes the financial instruments we had as of March 31, 2015 , valued at fair value on a recurring basis (in thousands): Quoted Prices Significant Significant Balance as of Balance Sheet Rabbi Trust investments $ 2,379 $ — $ — $ 2,379 Other assets Total assets $ 2,379 $ — $ — $ 2,379 Contingent consideration: (1) Current $ — $ — $ 33,938 $ 33,938 Other accrued liabilities Long-term — — 4,967 4,967 Other liabilities and deferred credits Total liabilities $ — $ — $ 38,905 $ 38,905 _____________ (1) Relates to our investment in Cougar totaling $32.5 million and Airnorth totaling $6.4 million . For further details on Cougar and Airnorth, see Notes 2 and 3 to the fiscal year 2015 Financial Statements. The following table summarizes the financial instruments we had as of June 30, 2015 , valued at fair value on a recurring basis (in thousands): Quoted Prices Significant Significant Balance as of Balance Sheet Rabbi Trust investments $ 2,381 $ — $ — $ 2,381 Other assets Total assets $ 2,381 $ — $ — $ 2,381 Contingent consideration: (1) Current $ — $ — $ 26,314 $ 26,314 Other accrued liabilities Long-term — — 5,089 5,089 Other liabilities and deferred credits Total liabilities $ — $ — $ 31,403 $ 31,403 ______________ (1) Relates to our investment in Cougar Helicopters Inc. (“Cougar”) totaling $24.8 million and the acquisition of Capiteq Limited, operating under the name of Airnorth, totaling $6.6 million . For further details on Cougar and Airnorth, see Notes 2 and 3 to the fiscal year 2015 Financial Statements.
Schedule of contingent consideration	The following table provides a rollforward of the contingent consideration liability Level 3 fair value measurements during the three months ended June 30, 2015 (in thousands): Significant Unobservable Inputs (Level 3) Balance as of March 31, 2015 $ 38,905 Change in fair value of contingent consideration 498 Payment of Cougar second year earn-out (8,000 ) Balance as of June 30, 2015 $ 31,403
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): June 30, 2015 March 31, 2015 Carrying Value Fair Value Carrying Value Fair Value 6¼% Senior Notes $ 401,535 $ 397,520 $ 401,535 $ 381,458 Term Loan 346,084 346,084 222,179 222,179 3% Convertible Senior Notes 1,869 1,866 114,109 115,288 Revolving Credit Facility 155,000 155,000 83,800 83,800 Airnorth debt 21,929 21,929 23,119 23,119 Eastern Airways debt 18,784 18,784 19,680 19,680 $ 945,201 $ 941,183 $ 864,422 $ 845,524

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Jun. 30, 2015
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 June 30, 2015 , we had 46 aircraft on order and options to acquire an additional 21 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 2015 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. Nine Months Ending March 31, 2016 Fiscal Year Ending March 31, 2017 2018 2019 2020 and thereafter Total Commitments as of June 30, 2015: (1) Number of aircraft: Medium 10 — — — — 10 Large (2) 7 6 8 4 3 28 SAR configured 4 4 — — — 8 21 10 8 4 3 46 Related expenditures (in thousands) (3) Medium and large $ 244,379 $ 112,547 $ 108,094 $ 58,946 $ 31,550 $ 555,516 SAR configured 56,778 58,428 — — — 115,206 $ 301,157 $ 170,975 $ 108,094 $ 58,946 $ 31,550 $ 670,722 Options as of June 30, 2015: (2) Number of aircraft: Medium — 2 7 — — 9 Large (2) — 5 7 — — 12 — 7 14 — — 21 Related expenditures (in thousands) (3) $ 46,180 $ 202,279 $ 184,692 $ — $ — $ 433,151 _____________ (1) Signed client contracts are currently in place that will utilize 11 of these aircraft. (2) Seventeen large aircraft on order expected to enter service between fiscal years 2017 and 2020 are subject to the successful development and certification of the aircraft. (3) Includes progress payments on aircraft scheduled to be delivered in future periods.
Rollforward schedule of aircraft purchase orders and options	The following chart presents an analysis of our aircraft orders and options during the three months ended June 30, 2015 : Orders Options Beginning of period 45 30 Aircraft delivered (2 ) — Exercised options 3 (3 ) Expired options — (6 ) End of period 46 21
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 June 30, 2015 : End of Lease Term Number of Aircraft Monthly Lease Payments (in thousands) Nine months ending March 31, 2016 to fiscal year 2017 12 $ 1,680 Fiscal year 2018 to fiscal year 2020 48 9,294 Fiscal year 2021 to fiscal year 2024 24 2,703 84 $ 13,677

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
	Jun. 30, 2015
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 2015 2014 Service cost for benefits earned during the period $ 2,373 $ 2,246 Interest cost on pension benefit obligation 5,171 6,929 Expected return on assets (6,941 ) (8,223 ) Amortization of unrecognized losses 2,131 1,768 Net periodic pension cost $ 2,734 $ 2,720
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 three months ended June 30, 2015 : Risk free interest rate 1.63 % Expected life (years) 6 Volatility 28.1 % Dividend yield 3.14 % Weighted average exercise price of options granted $58.17 per option Weighted average grant-date fair value of options granted $10.84 per option

DIVIDENDS, SHARE REPURCHASES,26

DIVIDENDS, SHARE REPURCHASES, EARNINGS PER SHARE AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	3 Months Ended
	Jun. 30, 2015
Dividends, Share Repurchases, Earning Per Share and Accumulated Other Comprehensive Income [Abstract]
Schedule of antidilutive securities excluded from computation of earnings per share	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 2015 2014 Options: Outstanding 747,253 302,447 Weighted average exercise price $ 68.47 $ 62.17 Restricted stock awards: Outstanding 262,746 43,391 Weighted average price $ 58.53 $ 74.46
Schedule of earnings per share, basic and diluted	The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended 2015 2014 Net income (loss) available to common stockholders (in thousands): Income (loss) available to common stockholders – basic $ (9,558 ) $ 44,109 Interest expense on assumed conversion of 3% Convertible Senior Notes, net of tax (1) — — Income (loss) available to common stockholders – diluted $ (9,558 ) $ 44,109 Shares: Weighted average number of common shares outstanding – basic 34,857,969 35,564,328 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 — 301,578 Weighted average number of common shares outstanding – diluted 34,857,969 35,865,906 Basic earnings (loss) per common share $ (0.27 ) $ 1.24 Diluted earnings (loss) per common share $ (0.27 ) $ 1.23 _____________ (1) Diluted earnings per common share for the three months ended June 30, 2015 and 2014 excludes 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 June 30, 2015 , the base conversion price of the notes was approximately $72.27 , based on the base conversion rate of 13.8373 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 8.9912 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 months ended June 30, 2015 and 2014 as our average stock price during these periods did not meet or exceed the conversion requirements.
Schedule of accumulated other comprehensive income (loss)	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, 2015 $ (39,066 ) $ (231,263 ) $ (270,329 ) Other comprehensive income before reclassification 14,714 — 14,714 Reclassified from accumulated other comprehensive income — — — Net current period other comprehensive income 14,714 — 14,714 Foreign exchange rate impact 16,072 (16,072 ) — Balance at June 30, 2015 $ (8,280 ) $ (247,335 ) $ (255,615 ) _____________ (1) Reclassification of amounts related to pension liability adjustments are included as a component of net periodic pension cost.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2015
Segments [Abstract]
Schedule of revenue by segment	The following shows region information for the three months ended June 30, 2015 and 2014 and as of June 30 and March 31, 2015 , where applicable, reconciled to consolidated totals, and prepared on the same basis as our condensed consolidated financial statements (in thousands): Three Months Ended 2015 2014 Regional gross revenue from external clients: Europe Caspian $ 222,949 $ 230,256 Africa 78,915 87,470 Americas 76,600 86,354 Asia Pacific 80,388 59,556 Corporate and other 8,144 8,902 Total regional gross revenue $ 466,996 $ 472,538 Intra-region gross revenue: Europe Caspian $ 392 $ 3,395 Africa — — Americas 3,652 3,514 Asia Pacific — — Corporate and other 783 643 Total intra-region gross revenue $ 4,827 $ 7,552 Consolidated gross revenue reconciliation: Europe Caspian $ 223,341 $ 233,651 Africa 78,915 87,470 Americas 80,252 89,868 Asia Pacific 80,388 59,556 Corporate and other 8,927 9,545 Intra-region eliminations (4,827 ) (7,552 ) Total consolidated gross revenue $ 466,996 $ 472,538
Schedule of earnings from unconsolidated affiliates - equity method investments	Three Months Ended 2015 2014 Earnings from unconsolidated affiliates, net of losses – equity method investments: Europe Caspian 99 372 Americas 6,197 3,909 Total earnings from unconsolidated affiliates, net of losses – equity method investments 6,296 4,281
Schedule of consolidated operating income loss	Three Months Ended 2015 2014 Consolidated operating income (loss) reconciliation: Europe Caspian 14,197 42,195 Africa 12,952 17,626 Americas 16,532 26,658 Asia Pacific (688 ) 3,330 Corporate and other (30,464 ) (25,227 ) Gain (loss) on disposal of assets (7,695 ) 610 Total consolidated operating income 4,834 65,192
Schedule of depreciation and amortization	Three Months Ended 2015 2014 Depreciation and amortization: Europe Caspian 10,782 9,747 Africa 5,884 3,963 Americas 10,156 7,189 Asia Pacific 8,319 4,240 Corporate and other 2,005 195 Total depreciation and amortization 37,146 25,334 _____________ (1) Includes accelerated depreciation expense of $10.5 million during the three months ended June 30, 2015 related to aircraft where management made the decision to exit these model types earlier than originally anticipated in our Americas, Africa and Asia Pacific regions of $2.9 million , $2.3 million and $5.3 million , respectively. For further details, see Note 1.
Schedule of identifiable assets	June 30, March 31, Identifiable assets: Europe Caspian $ 1,194,126 $ 972,163 Africa 425,913 484,514 Americas 900,638 966,538 Asia Pacific 373,765 401,973 Corporate and other 348,249 405,532 Total identifiable assets (2) $ 3,242,691 $ 3,230,720 (2) Includes $252.9 million and $306.0 million of construction in progress within property and equipment on our condensed consolidated balance sheets as of June 30 and March 31, 2015 , respectively, which primarily represents progress payments on aircraft to be delivered in future periods.
Schedule of unconsolidated affiliates - equity method investments	June 30, March 31, Investments in unconsolidated affiliates – equity method investments: Europe Caspian $ 183 $ 65 Americas 216,763 210,025 Total investments in unconsolidated affiliates – equity method investments $ 216,946 $ 210,090

SUPPLEMENTAL CONDENSED CONSOL28

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)	3 Months Ended
	Jun. 30, 2015
Supplemental Condensed Consolidating Financial Information [Abstract]
Condensed Income Statement [Table Text Block]	The following supplemental financial information sets forth, on a consolidating basis, the balance sheet, statement of operations, 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 Operations Three Months Ended June 30, 2015 Parent Company Only Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated (In thousands) Revenue: Gross revenue $ — $ 64,856 $ 402,140 $ — $ 466,996 Intercompany revenue — 24,811 — (24,811 ) — — 89,667 402,140 (24,811 ) 466,996 Operating expense: Direct cost and reimbursable expense 144 56,734 305,407 — 362,285 Intercompany expenses — — 24,811 (24,811 ) — Depreciation and amortization 1,609 14,585 20,952 — 37,146 General and administrative 20,551 6,831 33,950 — 61,332 22,304 78,150 385,120 (24,811 ) 460,763 Gain (loss) on disposal of assets — (7,737 ) 42 — (7,695 ) Earnings from unconsolidated affiliates, net of losses (15,434 ) — 6,296 15,434 6,296 Operating income (loss) (37,738 ) 3,780 23,358 15,434 4,834 Interest expense, net 27,484 (1,265 ) (33,888 ) — (7,669 ) Other income (expense), net (316 ) (246 ) 4,401 — 3,839 Income (loss) before provision for income taxes (10,570 ) 2,269 (6,129 ) 15,434 1,004 Allocation of consolidated income taxes 7,327 (1,137 ) (8,823 ) — (2,633 ) Net income (loss) (3,243 ) 1,132 (14,952 ) 15,434 (1,629 ) Net income (loss) attributable to noncontrolling interests (14 ) — (1,614 ) — (1,628 ) Net income (loss) attributable to Bristow Group (3,257 ) 1,132 (16,566 ) 15,434 (3,257 ) Accretion of redeemable noncontrolling interests — — (6,301 ) — (6,301 ) Net income (loss) attributable to common stockholders $ (3,257 ) $ 1,132 $ (22,867 ) $ 15,434 $ (9,558 ) Supplemental Condensed Consolidating Statement of Operations Three Months Ended June 30, 2014 Parent Company Only Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated (In thousands) Revenue: Gross revenue $ — $ 75,637 $ 396,901 $ — $ 472,538 Intercompany revenue 553 24,826 — (25,379 ) — 553 100,463 396,901 (25,379 ) 472,538 Operating expense: Direct cost and reimbursable expense — 53,065 273,406 — 326,471 Intercompany expenses — — 25,379 (25,379 ) — Depreciation and amortization (142 ) 10,215 15,261 — 25,334 General and administrative 18,337 10,099 31,996 — 60,432 18,195 73,379 346,042 (25,379 ) 412,237 Gain (loss) on disposal of assets — 1,338 (728 ) — 610 Earnings from unconsolidated affiliates, net of losses 36,992 — 4,281 (36,992 ) 4,281 Operating income 19,350 28,422 54,412 (36,992 ) 65,192 Interest expense, net 27,518 (1,006 ) (33,639 ) — (7,127 ) Other income (expense), net (928 ) (72 ) (239 ) — (1,239 ) Income before provision for income taxes 45,940 27,344 20,534 (36,992 ) 56,826 Allocation of consolidated income taxes (1,813 ) 233 (10,243 ) — (11,823 ) Net income 44,127 27,577 10,291 (36,992 ) 45,003 Net income attributable to noncontrolling interests (18 ) — (876 ) — (894 ) Net income attributable to Bristow Group $ 44,109 $ 27,577 $ 9,415 $ (36,992 ) $ 44,109
Condensed Statement of Comprehensive Income [Table Text Block]	Supplemental Condensed Consolidating Statement of Comprehensive Income Three Months Ended June 30, 2015 Parent Guarantor Non- Eliminations Consolidated (In thousands) Net income $ (3,243 ) $ 1,132 $ (14,952 ) $ 15,434 $ (1,629 ) Other comprehensive income (loss): Currency translation adjustments 36,371 — (86,867 ) 63,104 12,608 Total comprehensive income (loss) 33,128 1,132 (101,819 ) 78,538 10,979 Net income attributable to noncontrolling interests (14 ) — (1,614 ) — (1,628 ) Currency translation adjustments attributable to noncontrolling interests — — 2,106 — 2,106 Total comprehensive income attributable to noncontrolling interests (14 ) — 492 — 478 Total comprehensive income (loss) attributable to Bristow Group 33,114 1,132 (101,327 ) 78,538 11,457 Accretion of redeemable noncontrolling interests — — (6,301 ) — (6,301 ) Total comprehensive (income) loss attributable to common stockholders $ 33,114 $ 1,132 $ (107,628 ) $ 78,538 $ 5,156 Supplemental Condensed Consolidating Statement of Comprehensive Income Three Months Ended June 30, 2014 Parent Guarantor Non- Eliminations Consolidated (In thousands) Net income $ 44,127 $ 27,577 $ 10,291 $ (36,992 ) $ 45,003 Other comprehensive income: Currency translation adjustments (7,036 ) — (20,399 ) 35,672 8,237 Total comprehensive income 37,091 27,577 (10,108 ) (1,320 ) 53,240 Net income attributable to noncontrolling interests (18 ) — (876 ) — (894 ) Currency translation adjustments attributable to noncontrolling interests — — 971 — 971 Total comprehensive income attributable to noncontrolling interests (18 ) — 95 — 77 Total comprehensive income attributable to Bristow Group $ 37,073 $ 27,577 $ (10,013 ) $ (1,320 ) $ 53,317
Condensed Balance Sheet [Table Text Block]	Supplemental Condensed Consolidating Balance Sheet As of June 30, 2015 Parent Company Only Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated (In thousands) ASSETS Current assets: Cash and cash equivalents $ 8,467 $ — $ 112,059 $ (132 ) $ 120,394 Accounts receivable 420,427 444,319 472,889 (1,079,358 ) 258,277 Inventories — 40,119 111,828 — 151,947 Assets held for sale — 36,362 2,274 — 38,636 Prepaid expenses and other current assets 4,043 6,140 50,457 — 60,640 Total current assets 432,937 526,940 749,507 (1,079,490 ) 629,894 Intercompany investment 1,366,976 111,379 158,843 (1,637,198 ) — Investment in unconsolidated affiliates — — 223,233 — 223,233 Intercompany notes receivable 1,227,432 13,786 — (1,241,218 ) — Property and equipment—at cost: Land and buildings 2,830 55,080 141,172 — 199,082 Aircraft and equipment 119,381 1,038,526 1,296,043 — 2,453,950 122,211 1,093,606 1,437,215 — 2,653,032 Less: Accumulated depreciation and amortization (18,037 ) (216,145 ) (272,678 ) — (506,860 ) 104,174 877,461 1,164,537 — 2,146,172 Goodwill — 4,756 73,242 — 77,998 Other assets 167,011 1,001 106,390 (109,008 ) 165,394 Total assets $ 3,298,530 $ 1,535,323 $ 2,475,752 $ (4,066,914 ) $ 3,242,691 LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ INVESTMENT Current liabilities: Accounts payable $ 302,985 $ 460,061 $ 329,636 $ (994,429 ) $ 98,253 Accrued liabilities 16,116 39,276 1,248,960 (1,060,861 ) 243,491 Current deferred taxes 2,572 1,917 (356 ) — 4,133 Short-term borrowings and current maturities of long-term debt 17,501 — 9,453 — 26,954 Deferred sale leaseback advance — — — — — Total current liabilities 339,174 501,254 1,587,693 (2,055,290 ) 372,831 Long-term debt, less current maturities 886,988 — 31,259 — 918,247 Intercompany notes payable 100,000 122,897 152,849 (375,746 ) — Accrued pension liabilities — — 101,911 — 101,911 Other liabilities and deferred credits 10,132 7,670 221,175 (207,753 ) 31,224 Deferred taxes 143,708 6,140 19,532 — 169,380 Redeemable noncontrolling interests — — 35,342 — 35,342 Stockholders’ investment: Common stock 376 4,996 22,876 (27,872 ) 376 Additional paid-in-capital 782,620 9,291 284,048 (293,339 ) 782,620 Retained earnings 1,263,013 883,075 110,692 (993,767 ) 1,263,013 Accumulated other comprehensive loss (44,233 ) — (98,235 ) (113,147 ) (255,615 ) Treasury shares (184,796 ) — — — (184,796 ) Total Bristow Group stockholders’ investment 1,816,980 897,362 319,381 (1,428,125 ) 1,605,598 Noncontrolling interests 1,548 — 6,610 — 8,158 Total stockholders’ investment 1,818,528 897,362 325,991 (1,428,125 ) 1,613,756 Total liabilities, redeemable noncontrolling interests and stockholders’ investment $ 3,298,530 $ 1,535,323 $ 2,475,752 $ (4,066,914 ) $ 3,242,691 Supplemental Condensed Consolidating Balance Sheet As of March 31, 2015 Parent Company Only Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated (In thousands) ASSETS Current assets: Cash and cash equivalents $ 126 $ 884 $ 103,136 $ — $ 104,146 Accounts receivable 377,158 342,239 447,776 (908,555 ) 258,618 Inventories — 44,285 102,884 — 147,169 Assets held for sale — 54,695 3,132 — 57,827 Prepaid expenses and other current assets 4,850 7,035 58,206 — 70,091 Total current assets 382,134 449,138 715,134 (908,555 ) 637,851 Intercompany investment 1,410,347 111,380 — (1,521,727 ) — Investment in unconsolidated affiliates — — 216,376 — 216,376 Intercompany notes receivable 1,184,335 — — (1,184,335 ) — Property and equipment—at cost: Land and buildings 2,830 50,946 118,183 — 171,959 Aircraft and equipment 108,457 1,114,218 1,271,194 — 2,493,869 111,287 1,165,164 1,389,377 — 2,665,828 Less: Accumulated depreciation and amortization (16,431 ) (223,245 ) (269,051 ) — (508,727 ) 94,856 941,919 1,120,326 — 2,157,101 Goodwill — 4,756 70,872 — 75,628 Other assets 43,423 988 99,353 — 143,764 Total assets $ 3,115,095 $ 1,508,181 $ 2,222,061 $ (3,614,617 ) $ 3,230,720 LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ INVESTMENT Current liabilities: Accounts payable $ 203,700 $ 369,854 $ 289,838 $ (779,199 ) $ 84,193 Accrued liabilities 31,805 37,860 206,789 (18,009 ) 258,445 Current deferred taxes (3,661 ) 2,503 18,862 — 17,704 Short-term borrowings and current maturities of long-term debt 9,088 — 9,642 — 18,730 Deferred sale leaseback — 55,934 — — 55,934 Total current liabilities 240,932 466,151 525,131 (797,208 ) 435,006 Long-term debt, less current maturities 812,536 — 33,156 — 845,692 Intercompany notes payable 100,000 131,075 1,065,918 (1,296,993 ) — Accrued pension liabilities — — 99,576 — 99,576 Other liabilities and deferred credits 17,144 8,379 21,711 (7,452 ) 39,782 Deferred taxes 141,771 6,346 17,538 — 165,655 Redeemable noncontrolling interests — — 26,223 — 26,223 Stockholders’ investment: Common stock 376 4,996 22,876 (27,872 ) 376 Additional paid-in-capital 781,837 9,291 284,048 (293,339 ) 781,837 Retained earnings 1,284,442 881,943 133,559 (1,015,502 ) 1,284,442 Accumulated other comprehensive loss (80,604 ) — (13,474 ) (176,251 ) (270,329 ) Treasury shares (184,796 ) — — — (184,796 ) Total Bristow Group stockholders’ investment 1,801,255 896,230 427,009 (1,512,964 ) 1,611,530 Noncontrolling interests 1,457 — 5,799 — 7,256 Total stockholders’ investment 1,802,712 896,230 432,808 (1,512,964 ) 1,618,786 Total liabilities, redeemable noncontrolling interests and stockholders’ investment $ 3,115,095 $ 1,508,181 $ 2,222,061 $ (3,614,617 ) $ 3,230,720
Condensed Cash Flow Statement [Table Text Block]	Supplemental Condensed Consolidating Statement of Cash Flows Three Months Ended June 30, 2015 Parent Company Only Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated (In thousands) Net cash provided by (used in) operating activities $ (61,581 ) $ 54,056 $ 23,594 $ (132 ) $ 15,937 Cash flows from investing activities: Capital expenditures (8,034 ) (24,091 ) (35,652 ) — (67,777 ) Proceeds from asset dispositions — 8,932 369 — 9,301 Net cash used in investing activities (8,034 ) (15,159 ) (35,283 ) — (58,476 ) Cash flows from financing activities: Proceeds from borrowings 364,774 — — — 364,774 Debt issuance costs — — — — — Repayment of debt (282,831 ) — (2,758 ) — (285,589 ) Dividends paid (11,871 ) — — — (11,871 ) Increases (decreases) in cash related to intercompany advances and debt 7,561 (39,781 ) 32,220 — — Partial prepayment of put/call obligation (14 ) — — — (14 ) Acquisition of noncontrolling interest — — (2,000 ) — (2,000 ) Payment of contingent consideration — — (8,000 ) — (8,000 ) Repurchase of Common Stock — — — — — Issuance of Common Stock — — — — — Tax benefit related to stock-based compensation 337 — — — 337 Net cash provided by (used in) financing activities 77,956 (39,781 ) 19,462 — 57,637 Effect of exchange rate changes on cash and cash equivalents — — 1,150 — 1,150 Net increase (decrease) in cash and cash equivalents 8,341 (884 ) 8,923 (132 ) 16,248 Cash and cash equivalents at beginning of period 126 884 103,136 — 104,146 Cash and cash equivalents at end of period $ 8,467 $ — $ 112,059 $ (132 ) $ 120,394 Supplemental Condensed Consolidating Statement of Cash Flows Three Months Ended June 30, 2014 Parent Company Only Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated (In thousands) Net cash provided by (used in) operating activities $ (22,755 ) $ 54,360 $ 7,158 $ (1,418 ) $ 37,345 Cash flows from investing activities: Capital expenditures (11,219 ) (98,694 ) (90,534 ) — (200,447 ) Proceeds from asset dispositions — 6,423 220 — 6,643 Net cash used in investing activities (11,219 ) (92,271 ) (90,314 ) — (193,804 ) Cash flows from financing activities: Proceeds from borrowings 147,500 — 544 — 148,044 Repayment of debt (31,891 ) — (3,957 ) — (35,848 ) Dividends paid (11,353 ) — — — (11,353 ) Increases (decreases) in cash related to intercompany advances and debt (49,231 ) 37,911 11,320 — — Partial prepayment of put/call obligation (15 ) — — — (15 ) Repurchase of Common Stock (20,157 ) — — — (20,157 ) Issuance of Common Stock 975 — — — 975 Tax benefit related to stock-based compensation 166 — — — 166 Net cash provided by financing activities 35,994 37,911 7,907 — 81,812 Effect of exchange rate changes on cash and cash equivalents — — 4,110 — 4,110 Net increase (decrease) in cash and cash equivalents 2,020 — (71,139 ) (1,418 ) (70,537 ) Cash and cash equivalents at beginning of period 4,640 — 200,147 (446 ) 204,341 Cash and cash equivalents at end of period $ 6,660 $ — $ 129,008 $ (1,864 ) $ 133,804

BASIS OF PRESENTATION, CONSOL29

BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended		9 Months Ended	12 Months Ended		17 Months Ended
	Jun. 30, 2015USD ($)aircraft	Jun. 30, 2014USD ($)aircraft	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)aircraft	Mar. 31, 2014USD ($)aircraft	Apr. 30, 2015USD ($)
Foreign Currency [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax	$ 3,900,000	$ (400,000)
Impact of Foreign Exchange Rates on Unconsolidated affiliates	1,700,000	400,000
Revenues	466,996,000	472,538,000
Operating expense	(460,763,000)	(412,237,000)
Earnings from unconsolidated affiliates, net of losses	6,296,000	4,281,000
Income before provision for income taxes	1,004,000	56,826,000
Provision for income taxes	(2,633,000)	(11,823,000)
Net income	(1,629,000)	45,003,000
Total stockholders' investment	1,613,756,000			$ 1,618,786,000
Interest income	221,000	236,000
Interest and Debt Expense	(7,890,000)	(7,363,000)
Interest expense, net	(7,669,000)	(7,127,000)
Write-off of deferred debt financing fees	0	164,000
Accretion of redeemable noncontrolling interests	6,301,000	$ 0
Inventory allowance	48,100,000			45,400,000
Additional allowances	5,400,000
Prepaid expenses and other current assets	$ 60,640,000			70,091,000
Number of aircraft delivered | aircraft	2	9
Capital expenditures	$ 67,777,000	$ 200,447,000
Payments for PP&E	$ 28,300,000	$ 161,000,000
Number of aircraft sold or disposed of | aircraft	9	4
Proceeds from asset dispositions	$ 9,301,000	$ 6,643,000
Gain on sale or disposal of assets	$ (7,695,000)	$ 610,000
Number of aircraft impaired | aircraft	9	4
Impairment charges on aircraft held for sale	$ 9,862,000	$ 2,579,000
Accelerated depreciation	10,500,000
Deferred sale leaseback advance	$ 0			$ 55,934,000
Proceeds from assignment of aircraft purchase agreements					$ 106,100,000
Number of aircraft assigned future payments | aircraft					7
Additional proceeds from assignment of aircraft purchase agreement						$ 147,400,000
Number of aircraft movement into (out of) deferred sale leaseback advance | aircraft	(2)			(5)
Deferred sale leaseback completion and interim lease payments	$ 75,800,000			$ 183,700,000
Removal of Deferred Sale Leaseback Advance	74,300,000			182,600,000
Affiliated Entity [Member]
Foreign Currency [Line Items]
Allowance for Doubtful Accounts Receivable, Current	0			0
Non Affiliated Entity [Member]
Foreign Currency [Line Items]
Allowance for Doubtful Accounts Receivable, Current	5,100,000			900,000
U.K. SAR and Norway Client [Member]
Foreign Currency [Line Items]
Deferred Set-up Costs, Current	13,100,000			8,900,000
Amortization of other deferred charges	1,000,000
Deferred set-up costs, noncurrent	48,200,000			$ 42,400,000
Air Transportation Equipment [Member]
Foreign Currency [Line Items]
Capital expenditures	40,462,000	172,098,000
Gain on sale or disposal of assets	2,167,000	3,189,000
Other Capitalized Property
Foreign Currency [Line Items]
Capital expenditures	$ 27,315,000	$ 28,349,000
Medium Aircraft [Member]
Foreign Currency [Line Items]
Number of aircraft delivered | aircraft	1	3
Number of aircraft in exit plan | aircraft	14
Large Aircraft [Member]
Foreign Currency [Line Items]
Number of aircraft delivered | aircraft	1	6
Number of aircraft in exit plan | aircraft	4
Fixed Wing Aircraft [Member]
Foreign Currency [Line Items]
Number of aircraft in exit plan | aircraft	1
Assets Held-for-sale [Member]
Foreign Currency [Line Items]
Impairment charges on aircraft held for sale	$ 9,862,000	$ 2,579,000
Quarter To Date [Member] | One British Pound Sterling Into Us Dollars [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	1.57	1.71
Quarter To Date [Member] | One British Pound Sterling Into Us Dollars [Member] | Maximum [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	1.59	1.71
Quarter To Date [Member] | One British Pound Sterling Into Us Dollars [Member] | Weighted Average [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	1.53	1.68
Quarter To Date [Member] | One British Pound Sterling Into Us Dollars [Member] | Minimum [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	1.46	1.66
Quarter To Date [Member] | One Euro Into Us Dollars [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	1.11	1.37
Quarter To Date [Member] | One Euro Into Us Dollars [Member] | Maximum [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	1.14	1.39
Quarter To Date [Member] | One Euro Into Us Dollars [Member] | Weighted Average [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	1.11	1.37
Quarter To Date [Member] | One Euro Into Us Dollars [Member] | Minimum [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	1.06	1.35
Quarter To Date [Member] | One Australian Dollar Into Us Dollars [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.77	0.94
Quarter To Date [Member] | One Australian Dollar Into Us Dollars [Member] | Maximum [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.81	0.94
Quarter To Date [Member] | One Australian Dollar Into Us Dollars [Member] | Weighted Average [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.78	0.93
Quarter To Date [Member] | One Australian Dollar Into Us Dollars [Member] | Minimum [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.76	0.92
Quarter To Date [Member] | One Norwegian Kroner Into Us Dollars [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.1267	0.1649
Quarter To Date [Member] | One Norwegian Kroner Into Us Dollars [Member] | Maximum [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.1370	0.1753
Quarter To Date [Member] | One Norwegian Kroner Into Us Dollars [Member] | Weighted Average [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.1291	0.1717
Quarter To Date [Member] | One Norwegian Kroner Into Us Dollars [Member] | Minimum [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.1234	0.1638
Quarter To Date [Member] | One Nigerian Naira Into Us Dollars [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.0050	0.0062
Quarter To Date [Member] | One Nigerian Naira Into Us Dollars [Member] | Maximum [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.0051	0.0063
Quarter To Date [Member] | One Nigerian Naira Into Us Dollars [Member] | Weighted Average [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.0051	0.0062
Quarter To Date [Member] | One Nigerian Naira Into Us Dollars [Member] | Minimum [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.0050	0.0061
Quarter To Date [Member] | One Brazilian Real Into Us Dollars [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.3184	0.4538
Quarter To Date [Member] | One Brazilian Real Into Us Dollars [Member] | Maximum [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.3435	0.4572
Quarter To Date [Member] | One Brazilian Real Into Us Dollars [Member] | Weighted Average [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.3258	0.4493
Quarter To Date [Member] | One Brazilian Real Into Us Dollars [Member] | Minimum [Member]
Foreign Currency [Line Items]
Foreign currency exchange rates	0.3108	0.4391
Quarter To Date [Member] | Impact of Changes in Foreign Currency Exchange Rates [Member]
Foreign Currency [Line Items]
Revenues	$ (40,068,000)
Operating expense	33,957,000
Earnings from unconsolidated affiliates, net of losses	1,386,000
Non-operating expense	4,255,000
Income before provision for income taxes	(470,000)
Provision for income taxes	108,000
Net income	(362,000)
Cumulative translation adjustment	14,714,000
Total stockholders' investment	14,352,000
Senior Notes [Member] | Senior Notes Due 2022 [Member]
Foreign Currency [Line Items]
Write-off of deferred debt financing fees		$ 164,000
Debt instrument, repurchase amount		11,300,000
Other income (expense)		$ 900,000
Scenario, Forecast [Member]
Foreign Currency [Line Items]
Accelerated depreciation			$ 9,800,000
Airnorth [Member]
Foreign Currency [Line Items]
Accretion of redeemable noncontrolling interests	1,200,000
Eastern Airways [Member]
Foreign Currency [Line Items]
Accretion of redeemable noncontrolling interests	$ 5,100,000

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) £ / shares in Units, $ in Thousands, £ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Jul. 31, 2014	Jun. 30, 2015USD ($)AffiliatesNominations	Jun. 30, 2014USD ($)	Dec. 31, 2013	Jun. 30, 2015GBP (£)Class_Of_Sharesvoting_rights	Jun. 30, 2015USD ($)Class_Of_Sharesvoting_rights	Mar. 31, 2015USD ($)	Mar. 31, 2014USD ($)	May. 31, 2004USD ($)shares	May. 31, 2004£ / shares	Apr. 30, 2004
Variable Interest Entities [Line Items]
Number of variable interest entities | Affiliates		4
Cash and cash equivalents			$ 133,804			$ 120,394	$ 104,146	$ 204,341
Accounts Receivable, Net, Current						258,277	258,618
Inventories						151,947	147,169
Prepaid expenses and other current assets						60,640	70,091
Assets, Current						629,894	637,851
Investment in unconsolidated affiliates						223,233	216,376
Property, Plant and Equipment, Net						2,146,172	2,157,101
Goodwill						77,998	75,628
Other assets						165,394	143,764
Total assets						3,242,691	3,230,720
Accounts payable						98,253	84,193
Accrued liabilities						243,491	258,445
Accrued interest						5,612	12,831
Current deferred taxes						4,133	17,704
Current maturities of long-term debt						26,954	18,730
Liabilities, Current						372,831	435,006
Total long-term debt						918,247	845,692
Accrued pension liabilities						101,911	99,576
Other liabilities and deferred credits						31,224	39,782
Deferred taxes						169,380	165,655
Redeemable noncontrolling interests						$ 35,342	26,223
Revenues		$ 466,996	472,538
Net loss		$ (1,629)	45,003
Caledonia Investments Plc [Member]
Variable Interest Entities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage, Third Party		46.00%
European Union [Member]
Variable Interest Entities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage, Third Party		5.00%
Nigerian Company owned by 100% Nigerian Employees [Member]
Variable Interest Entities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage, Third Party		50.00%
Variable Interest Entity, Qualitative or Quantitative Information, Purchased Percentage From Third Party	29.00%	2.00%		19.00%
Employee Trust Fund [Member]
Variable Interest Entities [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage, Third Party		2.00%
Bristow Aviation Holdings Limited [Member]
Variable Interest Entities [Line Items]
Ownership percentage in Variable Interest Entity		49.00%
Class Of Shares, Number | Class_Of_Shares					3	3
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage, Third Party		51.00%
Purchase of deferred stock shares | shares									8,000,000
Business acquisition share price | £ / shares										£ 1
Total Amount Paid For Deferred Shares									$ 14,400
Principal amount of subordinated unsecured loan stock					£ 91	$ 143,100
Interest rate on unsecured loan		13.50%
Deferred interest cost		$ 1,500,000
Call option price held by noncontrolling interest | £					£ 1
Call Option Rate Over LIBOR					3.00%	3.00%
Call Option Guaranteed Rate									12.00%
Put Option Guaranteed Rate											10.00%
Cash and cash equivalents						$ 101,968	91,190
Accounts Receivable, Net, Current						548,317	521,989
Inventories						108,878	100,065
Prepaid expenses and other current assets						47,440	42,659
Assets, Current						806,603	755,903
Investment in unconsolidated affiliates						183	64
Property, Plant and Equipment, Net						256,591	243,357
Goodwill						62,767	61,242
Other assets						88,687	78,637
Total assets						1,214,831	1,139,203
Accounts payable						446,428	379,357
Accrued liabilities						170,819	154,306
Accrued interest						1,538,961	1,489,369
Current deferred taxes						0	1,128
Current maturities of long-term debt						9,454	9,643
Liabilities, Current						2,165,662	2,033,803
Total long-term debt						174,375	168,245
Accrued pension liabilities						101,911	99,576
Other liabilities and deferred credits						11,197	11,948
Deferred taxes						13,950	14,457
Redeemable noncontrolling interests						35,342	26,223
Liabilities						$ 2,502,437	$ 2,354,252
Revenues		386,771	383,817
Operating income (loss)		(17,743)	16,700
Net loss		$ (64,777)	$ (37,581)
Bristow Aviation Holdings Limited [Member] | Caledonia Investments Plc [Member]
Variable Interest Entities [Line Items]
Number Of Voting Rights | voting_rights					3	3
Number of Board Of Directors Nomination | Nominations		2
Bristow Helicopters Nigeria Ltd [Member]
Variable Interest Entities [Line Items]
Ownership percentage in Variable Interest Entity		48.00%
Variable Interest Entity, Qualitative or Quantitative Information, Purchased Percentage From Third Party		8.00%
Pan African Airlines Nigeria Ltd [Member]
Variable Interest Entities [Line Items]
Ownership percentage in Variable Interest Entity		50.17%
Director [Member] | Bristow Aviation Holdings Limited [Member]
Variable Interest Entities [Line Items]
Number Of Voting Rights | voting_rights					1	1
Director Two [Member] | Bristow Aviation Holdings Limited [Member]
Variable Interest Entities [Line Items]
Number Of Voting Rights | voting_rights					1	1

DEBT (Details)

DEBT (Details)	1 Months Ended	3 Months Ended
	Aug. 13, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Apr. 17, 2015USD ($)	Mar. 31, 2015USD ($)
Debt Instrument [Line Items]
Total debt		$ 945,201,000			$ 864,422,000
Short-term borrowings and current maturities of long-term debt		(26,954,000)			(18,730,000)
Total long-term debt		918,247,000			845,692,000
Proceeds from borrowings		364,774,000	$ 148,044,000
Long Term Convertible Debt Current And Noncurrent [Abstract]
Amortization of debt discount		918,000	$ 1,055,000
Term Loan [Member]
Debt Instrument [Line Items]
Total debt		346,084,000		$ 222,600,000	222,179,000
Repayment of debt		3,500,000
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Total debt		$ 1,869,000			114,109,000
Debt Instrument, Interest Rate, Stated Percentage		3.00%
Debt instrument, repurchase amount		$ 113,100,000
Per principal amount of convertible debt		1,000
Balances Of Debt And Equity Components [Abstract]
Equity component- net carrying value		14,905,000			14,905,000
Debt instrument, face amount		1,869,000			115,000,000
Debt component- unamortized discount		0			(891,000)
Debt component - net carrying value		$ 1,869,000			114,109,000
Long Term Convertible Debt Current And Noncurrent [Abstract]
Debt Instrument, Convertible, Effective Interest Rate		6.90%	6.90%
Contractual coupon interest		$ 718,000	$ 863,000
Amortization of debt discount		891,000	1,019,000
Total interest expense		1,609,000	$ 1,882,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total debt		155,000,000			83,800,000
Repayment of debt		166,200,000
Proceeds from borrowings		237,400,000
Letters of credit outstanding, amount		500,000
Balances Of Debt And Equity Components [Abstract]
Debt instrument, face amount				350,000,000
Senior Notes Due 2022 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Total debt		401,535,000			401,535,000
Debt Instrument, Interest Rate, Stated Percentage			6.25%
Debt instrument, repurchase amount			$ 11,300,000
Airnorth [Member] | Other Debt [Member]
Debt Instrument [Line Items]
Total debt		21,929,000			23,119,000
Eastern Airways [Member] | Other Debt [Member]
Debt Instrument [Line Items]
Total debt		$ 18,784,000			$ 19,680,000
Scenario, Forecast [Member] | Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Repayment of debt	$ 1,900,000
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	100.00%
Base Conversion [Member] | Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Debt instrument, convertible, conversion ratio		13.8373
Base Conversion [Member] | Scenario, Forecast [Member] | Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Debt instrument, convertible, conversion ratio	13.8373
Per principal amount of convertible debt	$ 1,000
Fifth Amendment [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Total debt				350,000,000
Fifth Amendment [Member] | Revolving Credit Facility [Member]
Balances Of Debt And Equity Components [Abstract]
Debt instrument, face amount				$ 400,000,000

FAIR VALUE DISCLOSURES (Details

FAIR VALUE DISCLOSURES (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)aircraft	Jun. 30, 2014USD ($)aircraft	Mar. 31, 2015USD ($)	Apr. 17, 2015USD ($)
Fair Value [Line Items]
Inventories	$ 151,947		$ 147,169
Assets held for sale	38,636		57,827
Impairment of inventories	(5,439)	$ 0
Impairment charges on aircraft held for sale	(9,862)	(2,579)
Loss on sale of assets and asset impairment charges	$ (15,301)	$ (2,579)
Number of aircraft impaired | aircraft	9	4
Total Assets Recurring	$ 2,381		2,379
Other accrued liabilities	79,239		82,605
Other liabilities and deferred credits	31,224		39,782
Total Liabilities Recurring	31,403		38,905
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Contingent Consideration- beginning balance	38,905
Change in fair value of contingent consideration	498
Earn-out payment	(8,000)
Contingent Consideration- ending balance	31,403		38,905
Debt Instrument, Fair Value Disclosure [Abstract]
Carrying value of total debt	945,201		864,422
Fair value of total debt	941,183		845,524
Fair Value, Measurements, Recurring [Member]
Fair Value [Line Items]
Rabbi Trust investments	2,381		2,379
Other accrued liabilities	26,314		33,938
Other liabilities and deferred credits	5,089		4,967
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value [Line Items]
Rabbi Trust investments	2,381		2,379
Total Assets Recurring	2,381		2,379
Other accrued liabilities	0		0
Other liabilities and deferred credits	0		0
Total Liabilities Recurring	0		0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value [Line Items]
Rabbi Trust investments	0		0
Total Assets Recurring	0		0
Other accrued liabilities	0		0
Other liabilities and deferred credits	0		0
Total Liabilities Recurring	0		0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value [Line Items]
Rabbi Trust investments	0		0
Total Assets Recurring	0		0
Other accrued liabilities	26,314		33,938
Other liabilities and deferred credits	5,089		4,967
Total Liabilities Recurring	31,403		$ 38,905
Fair Value, Measurements, Nonrecurring [Member]
Fair Value [Line Items]
Inventories	13,922
Assets held for sale	35,523	$ 6,400
Total Assets Non Recurring	49,445	6,400
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value [Line Items]
Inventories	0
Assets held for sale	0	0
Total Assets Non Recurring	0	0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value [Line Items]
Inventories	13,922
Assets held for sale	35,523	6,400
Total Assets Non Recurring	49,445	6,400
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value [Line Items]
Inventories	0
Assets held for sale	0	0
Total Assets Non Recurring	$ 0	$ 0
Airnorth [Member]
Fair Value [Line Items]
Fair Value Inputs, Discount Rate	2.00%		2.00%
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Contingent Consideration- beginning balance	$ 6,400
Contingent Consideration- ending balance	$ 6,600		$ 6,400
Cougar [Member]
Fair Value [Line Items]
Fair Value Inputs, Discount Rate	4.00%		4.00%
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Contingent Consideration- beginning balance	$ 32,500
Contingent Consideration- ending balance	24,800		$ 32,500
Senior Notes [Member] | Senior Notes Due 2022 [Member]
Debt Instrument, Fair Value Disclosure [Abstract]
Carrying value of total debt	401,535		401,535
Fair value of total debt	397,520		381,458
Term Loan [Member]
Debt Instrument, Fair Value Disclosure [Abstract]
Carrying value of total debt	346,084		222,179	$ 222,600
Fair value of total debt	346,084		222,179
Convertible Notes Payable [Member]
Debt Instrument, Fair Value Disclosure [Abstract]
Carrying value of total debt	1,869		114,109
Fair value of total debt	1,866		115,288
Revolving Credit Facility [Member]
Debt Instrument, Fair Value Disclosure [Abstract]
Carrying value of total debt	155,000		83,800
Fair value of total debt	155,000		83,800
Other Debt [Member] | Airnorth [Member]
Debt Instrument, Fair Value Disclosure [Abstract]
Carrying value of total debt	21,929		23,119
Fair value of total debt	21,929		23,119
Other Debt [Member] | Eastern Airways [Member]
Debt Instrument, Fair Value Disclosure [Abstract]
Carrying value of total debt	18,784		19,680
Fair value of total debt	$ 18,784		$ 19,680

COMMITMENTS AND CONTINGENCIES33

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended	23 Months Ended
	Mar. 31, 2015aircraftEmployee	Jun. 30, 2015USD ($)aircraftFacilityMonths	Jun. 30, 2014USD ($)aircraft	Mar. 31, 2016USD ($)aircraft	May. 31, 2017USD ($)aircraft
Options [Abstract]
Number of signed client contracts		11
Analysis Of Aircraft Orders And Options [Line Items]
Aircraft Delivered		(2)	(9)
Operating leases rental expense | $		$ 53,900	$ 33,100
Sale Leaseback Transaction, Lease Terms, Number of Months, Maximum | Months		180
Sale Leaseback Transaction, Lease Terms, Maximum Number of Months, Renewal Option | Months		240
Monthly rent payment | $		$ 13,677
Number of leased aircraft		84
Site Contingency, Number of Locations | Facility		3
Loss Contingency, Range of Possible Loss, Minimum | $		$ 6,000
Loss Contingency, Range of Possible Loss, Maximum | $		9,000
Voluntary Separation Program [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Voluntary Separation Program, Number Of Employees Offered | Employee	2,888
Voluntary Separation Program, Number Of Employees Acceptance | Employee	137
Severance Costs | $		6,400
Involuntary Separation Program [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Severance Costs | $		1,600
Direct cost [Member] | Voluntary Separation Program [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Severance Costs | $		5,800
Direct cost [Member] | Involuntary Separation Program [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Severance Costs | $		500
General and administrative expense [Member] | Voluntary Separation Program [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Severance Costs | $		600
General and administrative expense [Member] | Involuntary Separation Program [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Severance Costs | $		$ 1,100
Unionized Employees Concentration Risk [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Collective bargaining agreements and/or unions		47.00%
Employee agreement escalation rate		6.00%
Medium Aircraft [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Aircraft Delivered		(1)	(3)
Large Aircraft [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Aircraft Delivered		(1)	(6)
Aircraft [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Operating leases rental expense | $		$ 46,600	$ 26,400
Aircraft [Member]
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due Remainder Of Fiscal Year		21
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Two		10
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Three		8
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Four		4
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Five And Thereafter		3
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required		46
Unrecorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | $		$ 301,157
Unrecorded Unconditional Purchase Obligation, Due within Two Years | $		170,975
Unrecorded Unconditional Purchase Obligation, Due within Three Years | $		108,094
Unrecorded Unconditional Purchase Obligation, Due within Four Years | $		58,946
Unrecorded Unconditional Purchase Obligation, Due within Five Years And After | $		31,550
Purchase Commitments - Total | $		$ 670,722
Options [Abstract]
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due Remainder Of Fiscal Year		0
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due In Year Two		7
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due In Year Three		14
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due In Year Four		0
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due In Year Five And Thereafter		0
Unrecorded Conditional Purchase Obligation Maximum Quantity Required		21
Unrecorded Conditional Purchase Obligatio Due In Remainder Of Fiscal Year | $		$ 46,180
Unrecorded Conditional Purchase Obligation Balance On Second Anniversary | $		202,279
Unrecorded Conditional Purchase Obligation Balance On Third Anniversary | $		184,692
Unrecorded Conditional Purchase Obligation Balance On Fourth Anniversary | $		0
Unrecorded Conditional Purchase Obligation Due within Five Years And After | $		0
Aircraft Purchase Options - Total | $		$ 433,151
Aircraft [Member] | Medium Aircraft [Member]
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due Remainder Of Fiscal Year		10
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Two		0
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Three		0
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Four		0
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Five And Thereafter		0
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required		10
Options [Abstract]
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due Remainder Of Fiscal Year		0
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due In Year Two		2
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due In Year Three		7
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due In Year Four		0
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due In Year Five And Thereafter		0
Unrecorded Conditional Purchase Obligation Maximum Quantity Required		9
Aircraft [Member] | Large Aircraft [Member]
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due Remainder Of Fiscal Year		7
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Two		6
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Three		8
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Four		4
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Five And Thereafter		3
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required		28
Options [Abstract]
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due Remainder Of Fiscal Year		0
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due In Year Two		5
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due In Year Three		7
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due In Year Four		0
Unrecorded Conditional Purchase Obligation, Maximum Quantity Required, Due In Year Five And Thereafter		0
Unrecorded Conditional Purchase Obligation Maximum Quantity Required		12
Aircraft [Member] | Medium and Large [Member]
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]
Unrecorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | $		$ 244,379
Unrecorded Unconditional Purchase Obligation, Due within Two Years | $		112,547
Unrecorded Unconditional Purchase Obligation, Due within Three Years | $		108,094
Unrecorded Unconditional Purchase Obligation, Due within Four Years | $		58,946
Unrecorded Unconditional Purchase Obligation, Due within Five Years And After | $		31,550
Purchase Commitments - Total | $		$ 555,516
Aircraft [Member] | SAR Configured [Member]
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due Remainder Of Fiscal Year		4
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Two		4
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Three		0
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Four		0
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required, Due In Year Five And Thereafter		0
Unrecorded Unconditional Purchase Obligation, Minimum Quantity Required		8
Unrecorded Unconditional Purchase Obligation, Due in Remainder of Fiscal Year | $		$ 56,778
Unrecorded Unconditional Purchase Obligation, Due within Two Years | $		58,428
Unrecorded Unconditional Purchase Obligation, Due within Three Years | $		0
Unrecorded Unconditional Purchase Obligation, Due within Four Years | $		0
Unrecorded Unconditional Purchase Obligation, Due within Five Years And After | $		0
Purchase Commitments - Total | $		$ 115,206
Commitments [Member]
Options [Abstract]
Number of contingent aircraft orders		17
Analysis Of Aircraft Orders And Options [Line Items]
Beginning of quarter		45		46	46
Aircraft Delivered		(2)
Exercised options		(3)
Expired Options		0
End of quarter	45	46
Options [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Beginning of quarter		30		21	21
Aircraft Delivered		0
Exercised options		(3)
Expired Options		(6)
End of quarter	30	21
Other Commitments [Member]
Unrecorded Unconditional Purchase Obligation, Fiscal Year Maturity [Abstract]
Purchase Commitments - Total | $		$ 325,800
Nine months ending March 31, 2016 to fiscal year 2017
Analysis Of Aircraft Orders And Options [Line Items]
Monthly rent payment | $		$ 1,680
Number of leased aircraft		12
Fiscal year 2018 to fiscal year 2020
Analysis Of Aircraft Orders And Options [Line Items]
Monthly rent payment | $		$ 9,294
Number of leased aircraft		48
Fiscal year 2021 to fiscal year 2024
Analysis Of Aircraft Orders And Options [Line Items]
Monthly rent payment | $		$ 2,703
Number of leased aircraft		24
Scenario, Forecast [Member] | Voluntary Separation Program [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Severance Costs | $					$ 7,200
Scenario, Forecast [Member] | Involuntary Separation Program [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Severance Costs | $				$ 5,000
Year One [Member] | Unionized Employees Concentration Risk [Member]
Analysis Of Aircraft Orders And Options [Line Items]
Collective bargaining agreements and/or unions		20.00%

TAXES (Details)

TAXES (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Income Tax Examination [Line Items]
Effective income tax rate	262.30%	20.80%
Valuation allowance, deferred tax asset, increase (decrease), amount	$ 2
Unrecognized Tax Benefits	$ 5.1
Eastern Airways [Member]
Income Tax Examination [Line Items]
Business acquisition, percentage of voting interests acquired	60.00%
Tax indemnity asset	$ 4.2

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) $ / shares in Units, $ in Thousands, £ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)	Mar. 31, 2016USD ($)	Mar. 31, 2015GBP (£)	Mar. 31, 2015USD ($)$ / shares
Pension Plan [Line Items]
Service cost	$ 2,373	$ 2,246
Interest cost	5,171	6,929
Expected return on assets	(6,941)	(8,223)
Amortization of unrecognized losses	2,131	1,768
Net periodic pension cost	$ 2,734	2,720
Incentive Compensation [Line Items]
Common stock, par value | $ / shares	$ 0.01				$ 0.01
Stock based compensation expense	$ 3,967	4,187
Restricted stock grants- shares | shares	190,439
Restricted stock grants- fair value | $ / shares	$ 58.17
Stock option grants- shares | shares	714,312
Risk free interest rate	1.63%
Expected life (years)	6 years
Volatility	28.10%
Dividend yield	3.14%
Weighted average exercise price of options granted | $ / shares	$ 58.17
Weighted average grant-date fair value of options granted | $ / shares	$ 10.84
Performance cash compensation liability	$ 15,600				$ 21,000
Performance cash compensation expense	$ 3,400	$ 2,100
Plan 2007 [Member]
Incentive Compensation [Line Items]
Common stock shares reserved | shares	5,400,000
Shares available for grant | shares	1,480,493
Pension Plan [Member] | UK staff pension plan [Member]
Pension Plan [Line Items]
Cash Contributions				£ 12.5	$ 18,600
Pension Plan [Member] | Norway pension plan [Member]
Pension Plan [Line Items]
Cash Contributions	$ 2,200
Pension Plan [Member] | Norway pension plan [Member] | Scenario, Forecast [Member]
Pension Plan [Line Items]
Estimated cash contributions			$ 11,700
Pension Plan [Member] | UK Pension Plans [Member]
Pension Plan [Line Items]
Cash Contributions	$ 2,500
Pension Plan [Member] | UK Pension Plans [Member] | Scenario, Forecast [Member]
Pension Plan [Line Items]
Estimated cash contributions			$ 18,100

DIVIDENDS, SHARE REPURCHASES,36

DIVIDENDS, SHARE REPURCHASES, EARNINGS PER SHARE AND ACCUMULATED OTHER COMPREHENSIVE INCOME (Details)	Aug. 05, 2015$ / shares	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)$ / sharesshares	Jul. 31, 2015USD ($)	Nov. 06, 2014USD ($)
Dividends, Share Repurchases, Earnings Per Share and Accumulated Other Comprehensive Income [Line Items]
Cash dividends declared per common share | $ / shares		$ 0.34	$ 0.32
Stock repurchase program, authorized amount					$ 150,000,000
Repurchase of common stock		$ 0	$ 20,157,000
Repurchases of common stock, shares | shares		0	270,598
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Income (loss) available to common stockholders - basic		$ (9,558,000)	$ 44,109,000
Interest expense on assumed conversion of 3% Convertible Notes, net of tax		0	0
Income available to common stockholders - diluted		$ (9,558,000)	$ 44,109,000
Weighted average number of common shares outstanding - basic | shares		34,857,969	35,564,328
Assumed conversion of 3% Convertible Senior Noted outstanding during the period | shares		0	0
Net effect of dilutive stock options, restricted stock units and restricted stock awards based on the treasury stock method | shares		0	301,578
Weighted average number of common shares outstanding - diluted | shares		34,857,969	35,865,906
Basic earnings (loss) per common share | $ / shares		$ (0.27)	$ 1.24
Diluted earnings (loss) per common share | $ / shares		$ (0.27)	$ 1.23
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income - beginning balance		$ (270,329,000)
Other comprehensive income before reclassification		14,714,000
Reclassification from accumulated other comprehensive income		0
Net current period other comprehensive income		14,714,000
Foreign exchange rate impact		0
Accumulated other comprehensive income - ending balance		(255,615,000)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income - beginning balance		(39,066,000)
Other comprehensive income before reclassification		14,714,000
Reclassification from accumulated other comprehensive income		0
Net current period other comprehensive income		14,714,000
Foreign exchange rate impact		16,072,000
Accumulated other comprehensive income - ending balance		(8,280,000)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income - beginning balance		(231,263,000)
Other comprehensive income before reclassification		0
Reclassification from accumulated other comprehensive income		0
Net current period other comprehensive income		0
Foreign exchange rate impact		(16,072,000)
Accumulated other comprehensive income - ending balance		$ (247,335,000)
Stock Options [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Outstanding | shares		747,253	302,447
Restricted Stock Awards [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Outstanding | shares		262,746	43,391
Quarter To Date [Member] | Stock Options [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average exercise price - antidilutive | $ / shares		$ 68.47	$ 62.17
Quarter To Date [Member] | Restricted Stock Awards [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average exercise price - antidilutive | $ / shares		58.53	$ 74.46
Convertible Notes Payable [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Debt instrument, convertible, conversion price | $ / shares		$ 72.27
Per principal amount of convertible debt		$ 1,000
Subsequent Event [Member]
Dividends, Share Repurchases, Earnings Per Share and Accumulated Other Comprehensive Income [Line Items]
Cash dividends declared per common share | $ / shares	$ 0.34
Stock repurchase program, remaining authorized repurchase amount				$ 125,000,000
Base Conversion [Member] | Convertible Notes Payable [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Debt instrument, convertible, conversion ratio		13.8373
Excess Conversion [Member] | Convertible Notes Payable [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Debt instrument, convertible, conversion ratio		8.9912

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)SegmentsRegions	Jun. 30, 2014USD ($)	Mar. 31, 2015USD ($)Business_Units
Segment Reporting Information [Line Items]
Number of operating segments | Segments	1
Number of reportable segments	4		5
Revenues	$ 466,996	$ 472,538
Total earnings from unconsolidated affiliates, net of losses - equity method investments	6,296	4,281
Gain (loss) on disposal of assets	(7,695)	610
Total consolidated operating income	4,834	65,192
Total depreciation and amortization	37,146	25,334
Total identifiable assets	3,242,691		$ 3,230,720
Total investments in unconsolidated affiliates - equity method	216,946		210,090
Accelerated depreciation	10,500
Construction in progress within property and equipment	252,900		306,000
External Customer [Member]
Segment Reporting Information [Line Items]
Revenues	466,996	472,538
Intersegment elimination [Member]
Segment Reporting Information [Line Items]
Revenues	4,827	7,552
Europe Caspian [Member]
Segment Reporting Information [Line Items]
Revenues	223,341	233,651
Total earnings from unconsolidated affiliates, net of losses - equity method investments	99	372
Total business unit operating income	14,197	42,195
Total depreciation and amortization	10,782	9,747
Total identifiable assets	1,194,126		972,163
Total investments in unconsolidated affiliates - equity method	183		65
Europe Caspian [Member] | External Customer [Member]
Segment Reporting Information [Line Items]
Revenues	222,949	230,256
Europe Caspian [Member] | Intersegment elimination [Member]
Segment Reporting Information [Line Items]
Revenues	392	3,395
Africa [Member]
Segment Reporting Information [Line Items]
Revenues	78,915	87,470
Total business unit operating income	12,952	17,626
Total depreciation and amortization	5,884	3,963
Total identifiable assets	425,913		484,514
Accelerated depreciation	2,300
Africa [Member] | External Customer [Member]
Segment Reporting Information [Line Items]
Revenues	78,915	87,470
Africa [Member] | Intersegment elimination [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Americas [Member]
Segment Reporting Information [Line Items]
Revenues	80,252	89,868
Total earnings from unconsolidated affiliates, net of losses - equity method investments	6,197	3,909
Total business unit operating income	16,532	26,658
Total depreciation and amortization	10,156	7,189
Total identifiable assets	900,638		966,538
Total investments in unconsolidated affiliates - equity method	216,763		210,025
Accelerated depreciation	2,900
Americas [Member] | External Customer [Member]
Segment Reporting Information [Line Items]
Revenues	76,600	86,354
Americas [Member] | Intersegment elimination [Member]
Segment Reporting Information [Line Items]
Revenues	3,652	3,514
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenues	80,388	59,556
Total business unit operating income	(688)	3,330
Total depreciation and amortization	8,319	4,240
Total identifiable assets	373,765		401,973
Accelerated depreciation	5,300
Asia Pacific [Member] | External Customer [Member]
Segment Reporting Information [Line Items]
Revenues	80,388	59,556
Asia Pacific [Member] | Intersegment elimination [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Corporate And other [Member]
Segment Reporting Information [Line Items]
Revenues	8,927	9,545
Total business unit operating income	(30,464)	(25,227)
Total depreciation and amortization	2,005	195
Total identifiable assets	348,249		$ 405,532
Corporate And other [Member] | External Customer [Member]
Segment Reporting Information [Line Items]
Revenues	8,144	8,902
Corporate And other [Member] | Intersegment elimination [Member]
Segment Reporting Information [Line Items]
Revenues	$ 783	$ 643

SUPPLEMENTAL CONDENSED CONSOL38

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION OPERATIONS (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	$ 466,996	$ 472,538
Direct cost and reimbursable expense	362,285	326,471
Intercompany expenses	0	0
Depreciation and amortization	37,146	25,334
General and administrative	61,332	60,432
Operating expense	460,763	412,237
Gain (loss) on disposal of assets	(7,695)	610
Earnings from unconsolidated affiliates, net of losses	6,296	4,281
Operating income	4,834	65,192
Interest expense, net	(7,669)	(7,127)
Other income (expense), net	3,839	(1,239)
Income before provision for income taxes	1,004	56,826
Provision for income taxes	(2,633)	(11,823)
Net income	(1,629)	45,003
Net income attributable to noncontrolling interests	(1,628)	(894)
Net income (loss) attributable to Bristow Group	(3,257)	44,109
Accretion of redeemable noncontrolling interests	(6,301)	0
Net income (loss) attributable to common stockholders	(9,558)	44,109
External Customer [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	466,996	472,538
Intercompany Customer [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	0	0
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	0	553
Direct cost and reimbursable expense	144	0
Intercompany expenses	0	0
Depreciation and amortization	1,609	(142)
General and administrative	20,551	18,337
Operating expense	22,304	18,195
Gain (loss) on disposal of assets	0	0
Earnings from unconsolidated affiliates, net of losses	(15,434)	36,992
Operating income	(37,738)	19,350
Interest expense, net	27,484	27,518
Other income (expense), net	(316)	(928)
Income before provision for income taxes	(10,570)	45,940
Provision for income taxes	7,327	(1,813)
Net income	(3,243)	44,127
Net income attributable to noncontrolling interests	(14)	(18)
Net income (loss) attributable to Bristow Group	(3,257)	44,109
Accretion of redeemable noncontrolling interests	0
Net income (loss) attributable to common stockholders	(3,257)
Parent Company [Member] | External Customer [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	0	0
Parent Company [Member] | Intercompany Customer [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	0	553
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	89,667	100,463
Direct cost and reimbursable expense	56,734	53,065
Intercompany expenses	0	0
Depreciation and amortization	14,585	10,215
General and administrative	6,831	10,099
Operating expense	78,150	73,379
Gain (loss) on disposal of assets	(7,737)	1,338
Earnings from unconsolidated affiliates, net of losses	0	0
Operating income	3,780	28,422
Interest expense, net	(1,265)	(1,006)
Other income (expense), net	(246)	(72)
Income before provision for income taxes	2,269	27,344
Provision for income taxes	(1,137)	233
Net income	1,132	27,577
Net income attributable to noncontrolling interests	0	0
Net income (loss) attributable to Bristow Group	1,132	27,577
Accretion of redeemable noncontrolling interests	0
Net income (loss) attributable to common stockholders	1,132
Guarantor Subsidiaries [Member] | External Customer [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	64,856	75,637
Guarantor Subsidiaries [Member] | Intercompany Customer [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	24,811	24,826
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	402,140	396,901
Direct cost and reimbursable expense	305,407	273,406
Intercompany expenses	24,811	25,379
Depreciation and amortization	20,952	15,261
General and administrative	33,950	31,996
Operating expense	385,120	346,042
Gain (loss) on disposal of assets	42	(728)
Earnings from unconsolidated affiliates, net of losses	6,296	4,281
Operating income	23,358	54,412
Interest expense, net	(33,888)	(33,639)
Other income (expense), net	4,401	(239)
Income before provision for income taxes	(6,129)	20,534
Provision for income taxes	(8,823)	(10,243)
Net income	(14,952)	10,291
Net income attributable to noncontrolling interests	(1,614)	(876)
Net income (loss) attributable to Bristow Group	(16,566)	9,415
Accretion of redeemable noncontrolling interests	(6,301)
Net income (loss) attributable to common stockholders	(22,867)
Non-Guarantor Subsidiaries [Member] | External Customer [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	402,140	396,901
Non-Guarantor Subsidiaries [Member] | Intercompany Customer [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	0	0
Consolidations, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	(24,811)	(25,379)
Direct cost and reimbursable expense	0	0
Intercompany expenses	(24,811)	(25,379)
Depreciation and amortization	0	0
General and administrative	0	0
Operating expense	(24,811)	(25,379)
Gain (loss) on disposal of assets	0	0
Earnings from unconsolidated affiliates, net of losses	15,434	(36,992)
Operating income	15,434	(36,992)
Interest expense, net	0	0
Other income (expense), net	0	0
Income before provision for income taxes	15,434	(36,992)
Provision for income taxes	0	0
Net income	15,434	(36,992)
Net income attributable to noncontrolling interests	0	0
Net income (loss) attributable to Bristow Group	15,434	(36,992)
Accretion of redeemable noncontrolling interests	0
Net income (loss) attributable to common stockholders	15,434
Consolidations, Eliminations [Member] | External Customer [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	0	0
Consolidations, Eliminations [Member] | Intercompany Customer [Member]
Condensed Financial Statements, Captions [Line Items]
Total consolidated gross revenue	$ (24,811)	$ (25,379)

SUPPLEMENTAL CONDENSED CONSOL39

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION OCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Net income	$ (1,629)	$ 45,003
Currency translation adjustments	12,608	8,237
Total comprehensive income	10,979	53,240
Net income attributable to noncontrolling interests	(1,628)	(894)
Currency translation adjustments attributable to noncontrolling interests	2,106	971
Total comprehensive income attributable to noncontrolling interests	478	77
Total comprehensive income attributable to Bristow Group	11,457	53,317
Accretion of redeemable noncontrolling interests	(6,301)	0
Total comprehensive income attributable to common stockholders	5,156	53,317
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	(3,243)	44,127
Currency translation adjustments	36,371	(7,036)
Total comprehensive income	33,128	37,091
Net income attributable to noncontrolling interests	(14)	(18)
Currency translation adjustments attributable to noncontrolling interests	0	0
Total comprehensive income attributable to noncontrolling interests	(14)	(18)
Total comprehensive income attributable to Bristow Group	33,114	37,073
Accretion of redeemable noncontrolling interests	0
Total comprehensive income attributable to common stockholders	33,114
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	1,132	27,577
Currency translation adjustments	0	0
Total comprehensive income	1,132	27,577
Net income attributable to noncontrolling interests	0	0
Currency translation adjustments attributable to noncontrolling interests	0	0
Total comprehensive income attributable to noncontrolling interests	0	0
Total comprehensive income attributable to Bristow Group	1,132	27,577
Accretion of redeemable noncontrolling interests	0
Total comprehensive income attributable to common stockholders	1,132
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	(14,952)	10,291
Currency translation adjustments	(86,867)	(20,399)
Total comprehensive income	(101,819)	(10,108)
Net income attributable to noncontrolling interests	(1,614)	(876)
Currency translation adjustments attributable to noncontrolling interests	2,106	971
Total comprehensive income attributable to noncontrolling interests	492	95
Total comprehensive income attributable to Bristow Group	(101,327)	(10,013)
Accretion of redeemable noncontrolling interests	(6,301)
Total comprehensive income attributable to common stockholders	(107,628)
Consolidations, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	15,434	(36,992)
Currency translation adjustments	63,104	35,672
Total comprehensive income	78,538	(1,320)
Net income attributable to noncontrolling interests	0	0
Currency translation adjustments attributable to noncontrolling interests	0	0
Total comprehensive income attributable to noncontrolling interests	0	0
Total comprehensive income attributable to Bristow Group	78,538	$ (1,320)
Accretion of redeemable noncontrolling interests	0
Total comprehensive income attributable to common stockholders	$ 78,538

SUPPLEMENTAL CONDENSED CONSOL40

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION BS (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Mar. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Cash and cash equivalents	$ 120,394	$ 104,146	$ 133,804	$ 204,341
Accounts Receivable, Net, Current	258,277	258,618
Inventories	151,947	147,169
Assets held for sale	38,636	57,827
Prepaid expenses and other current assets	60,640	70,091
Total current assets	629,894	637,851
Intercompany investment	0	0
Investment in unconsolidated affiliates	223,233	216,376
Intercompany notes receivable	0	0
Total property and equipment, at cost	2,653,032	2,665,828
Less - Accumulated depreciation and amortization	(506,860)	(508,727)
Property, Plant and Equipment, Net	2,146,172	2,157,101
Goodwill	77,998	75,628
Other assets	165,394	143,764
Total assets	3,242,691	3,230,720
Accounts payable	98,253	84,193
Accrued liabilities	243,491	258,445
Current deferred taxes	4,133	17,704
Short-term borrowings and current maturities of long-term debt	26,954	18,730
Deferred sale leaseback advance	0	55,934
Total current liabilities	372,831	435,006
Long-term debt, less current maturities	918,247	845,692
Intercompany notes payable	0	0
Accrued pension liabilities	101,911	99,576
Other liabilities and deferred credits	31,224	39,782
Deferred taxes	169,380	165,655
Redeemable noncontrolling interests	35,342	26,223
Common stock	376	376
Additional paid-in capital	782,620	781,837
Retained earnings	1,263,013	1,284,442
Accumulated other comprehensive income (loss)	(255,615)	(270,329)
Treasury shares, at cost	(184,796)	(184,796)
Total Bristow Group stockholders' equity	1,605,598	1,611,530
Noncontrolling interests	8,158	7,256
Total stockholders' investment	1,613,756	1,618,786
Total liabilities, redeemable noncontrolling interests and stockholders’ investment	3,242,691	3,230,720
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Cash and cash equivalents	8,467	126	6,660	4,640
Accounts Receivable, Net, Current	420,427	377,158
Inventories	0	0
Assets held for sale	0	0
Prepaid expenses and other current assets	4,043	4,850
Total current assets	432,937	382,134
Intercompany investment	1,366,976	1,410,347
Investment in unconsolidated affiliates	0	0
Intercompany notes receivable	1,227,432	1,184,335
Total property and equipment, at cost	122,211	111,287
Less - Accumulated depreciation and amortization	(18,037)	(16,431)
Property, Plant and Equipment, Net	104,174	94,856
Goodwill	0	0
Other assets	167,011	43,423
Total assets	3,298,530	3,115,095
Accounts payable	302,985	203,700
Accrued liabilities	16,116	31,805
Current deferred taxes	2,572	(3,661)
Short-term borrowings and current maturities of long-term debt	17,501	9,088
Deferred sale leaseback advance	0	0
Total current liabilities	339,174	240,932
Long-term debt, less current maturities	886,988	812,536
Intercompany notes payable	100,000	100,000
Accrued pension liabilities	0	0
Other liabilities and deferred credits	10,132	17,144
Deferred taxes	143,708	141,771
Redeemable noncontrolling interests	0	0
Common stock	376	376
Additional paid-in capital	782,620	781,837
Retained earnings	1,263,013	1,284,442
Accumulated other comprehensive income (loss)	(44,233)	(80,604)
Treasury shares, at cost	(184,796)	(184,796)
Total Bristow Group stockholders' equity	1,816,980	1,801,255
Noncontrolling interests	1,548	1,457
Total stockholders' investment	1,818,528	1,802,712
Total liabilities, redeemable noncontrolling interests and stockholders’ investment	3,298,530	3,115,095
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Cash and cash equivalents	0	884	0	0
Accounts Receivable, Net, Current	444,319	342,239
Inventories	40,119	44,285
Assets held for sale	36,362	54,695
Prepaid expenses and other current assets	6,140	7,035
Total current assets	526,940	449,138
Intercompany investment	111,379	111,380
Investment in unconsolidated affiliates	0	0
Intercompany notes receivable	13,786	0
Total property and equipment, at cost	1,093,606	1,165,164
Less - Accumulated depreciation and amortization	(216,145)	(223,245)
Property, Plant and Equipment, Net	877,461	941,919
Goodwill	4,756	4,756
Other assets	1,001	988
Total assets	1,535,323	1,508,181
Accounts payable	460,061	369,854
Accrued liabilities	39,276	37,860
Current deferred taxes	1,917	2,503
Short-term borrowings and current maturities of long-term debt	0	0
Deferred sale leaseback advance	0	55,934
Total current liabilities	501,254	466,151
Long-term debt, less current maturities	0	0
Intercompany notes payable	122,897	131,075
Accrued pension liabilities	0	0
Other liabilities and deferred credits	7,670	8,379
Deferred taxes	6,140	6,346
Redeemable noncontrolling interests	0	0
Common stock	4,996	4,996
Additional paid-in capital	9,291	9,291
Retained earnings	883,075	881,943
Accumulated other comprehensive income (loss)	0	0
Treasury shares, at cost	0	0
Total Bristow Group stockholders' equity	897,362	896,230
Noncontrolling interests	0	0
Total stockholders' investment	897,362	896,230
Total liabilities, redeemable noncontrolling interests and stockholders’ investment	1,535,323	1,508,181
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Cash and cash equivalents	112,059	103,136	129,008	200,147
Accounts Receivable, Net, Current	472,889	447,776
Inventories	111,828	102,884
Assets held for sale	2,274	3,132
Prepaid expenses and other current assets	50,457	58,206
Total current assets	749,507	715,134
Intercompany investment	158,843	0
Investment in unconsolidated affiliates	223,233	216,376
Intercompany notes receivable	0	0
Total property and equipment, at cost	1,437,215	1,389,377
Less - Accumulated depreciation and amortization	(272,678)	(269,051)
Property, Plant and Equipment, Net	1,164,537	1,120,326
Goodwill	73,242	70,872
Other assets	106,390	99,353
Total assets	2,475,752	2,222,061
Accounts payable	329,636	289,838
Accrued liabilities	1,248,960	206,789
Current deferred taxes	(356)	18,862
Short-term borrowings and current maturities of long-term debt	9,453	9,642
Deferred sale leaseback advance	0	0
Total current liabilities	1,587,693	525,131
Long-term debt, less current maturities	31,259	33,156
Intercompany notes payable	152,849	1,065,918
Accrued pension liabilities	101,911	99,576
Other liabilities and deferred credits	221,175	21,711
Deferred taxes	19,532	17,538
Redeemable noncontrolling interests	35,342	26,223
Common stock	22,876	22,876
Additional paid-in capital	284,048	284,048
Retained earnings	110,692	133,559
Accumulated other comprehensive income (loss)	(98,235)	(13,474)
Treasury shares, at cost	0	0
Total Bristow Group stockholders' equity	319,381	427,009
Noncontrolling interests	6,610	5,799
Total stockholders' investment	325,991	432,808
Total liabilities, redeemable noncontrolling interests and stockholders’ investment	2,475,752	2,222,061
Consolidations, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Cash and cash equivalents	(132)	0	$ (1,864)	$ (446)
Accounts Receivable, Net, Current	(1,079,358)	(908,555)
Inventories	0	0
Assets held for sale	0	0
Prepaid expenses and other current assets	0	0
Total current assets	(1,079,490)	(908,555)
Intercompany investment	(1,637,198)	(1,521,727)
Investment in unconsolidated affiliates	0	0
Intercompany notes receivable	(1,241,218)	(1,184,335)
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	(109,008)	0
Total assets	(4,066,914)	(3,614,617)
Accounts payable	(994,429)	(779,199)
Accrued liabilities	(1,060,861)	(18,009)
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	(2,055,290)	(797,208)
Long-term debt, less current maturities	0	0
Intercompany notes payable	(375,746)	(1,296,993)
Accrued pension liabilities	0	0
Other liabilities and deferred credits	(207,753)	(7,452)
Deferred taxes	0	0
Redeemable noncontrolling interests	0	0
Common stock	(27,872)	(27,872)
Additional paid-in capital	(293,339)	(293,339)
Retained earnings	(993,767)	(1,015,502)
Accumulated other comprehensive income (loss)	(113,147)	(176,251)
Treasury shares, at cost	0	0
Total Bristow Group stockholders' equity	(1,428,125)	(1,512,964)
Noncontrolling interests	0	0
Total stockholders' investment	(1,428,125)	(1,512,964)
Total liabilities, redeemable noncontrolling interests and stockholders’ investment	(4,066,914)	(3,614,617)
Land and Building [Member]
Condensed Financial Statements, Captions [Line Items]
Total property and equipment, at cost	199,082	171,959
Land and Building [Member] | Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Total property and equipment, at cost	2,830	2,830
Land and Building [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total property and equipment, at cost	55,080	50,946
Land and Building [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total property and equipment, at cost	141,172	118,183
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	2,453,950	2,493,869
Aircraft And Equipment [Member] | Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Total property and equipment, at cost	119,381	108,457
Aircraft And Equipment [Member] | Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total property and equipment, at cost	1,038,526	1,114,218
Aircraft And Equipment [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Total property and equipment, at cost	1,296,043	1,271,194
Aircraft And Equipment [Member] | Consolidations, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Total property and equipment, at cost	$ 0	$ 0

SUPPLEMENTAL CONDENSED CONSOL41

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION CF (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 15,937	$ 37,345
Capital expenditures	(67,777)	(200,447)
Proceeds from asset dispositions	9,301	6,643
Net cash used in investing activities	(58,476)	(193,804)
Proceeds from borrowings	364,774	148,044
Debt issuance costs	0
Repayment of debt	(285,589)	(35,848)
Dividends paid	(11,871)	(11,353)
Increases (decreases) in cash related to intercompany advances and debt	0	0
Partial prepayment of put/call obligation	(14)	(15)
Acquisition of noncontrolling interest	(2,000)	0
Payment of contingent consideration	(8,000)	0
Repurchase of Common Stock	0	(20,157)
Issuance of Common Stock	0	975
Tax benefit related to stock-based compensation	337	166
Net cash provided by financing activities	57,637	81,812
Effect of exchange rate changes on cash and cash equivalents	1,150	4,110
Net increase (decrease) in cash and cash equivalents	16,248	(70,537)
Cash and cash equivalents at beginning of period	104,146	204,341
Cash and cash equivalents at end of period	120,394	133,804
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(61,581)	(22,755)
Capital expenditures	(8,034)	(11,219)
Proceeds from asset dispositions	0	0
Net cash used in investing activities	(8,034)	(11,219)
Proceeds from borrowings	364,774	147,500
Debt issuance costs	0
Repayment of debt	(282,831)	(31,891)
Dividends paid	(11,871)	(11,353)
Increases (decreases) in cash related to intercompany advances and debt	7,561	(49,231)
Partial prepayment of put/call obligation	(14)	(15)
Acquisition of noncontrolling interest	0
Payment of contingent consideration	0
Repurchase of Common Stock	0	(20,157)
Issuance of Common Stock	0	975
Tax benefit related to stock-based compensation	337	166
Net cash provided by financing activities	77,956	35,994
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	8,341	2,020
Cash and cash equivalents at beginning of period	126	4,640
Cash and cash equivalents at end of period	8,467	6,660
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	54,056	54,360
Capital expenditures	(24,091)	(98,694)
Proceeds from asset dispositions	8,932	6,423
Net cash used in investing activities	(15,159)	(92,271)
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	(39,781)	37,911
Partial prepayment of put/call obligation	0	0
Acquisition of noncontrolling interest	0
Payment of contingent consideration	0
Repurchase of Common Stock	0	0
Issuance of Common Stock	0	0
Tax benefit related to stock-based compensation	0	0
Net cash provided by financing activities	(39,781)	37,911
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	(884)	0
Cash and cash equivalents at beginning of period	884	0
Cash and cash equivalents at end of period	0	0
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	23,594	7,158
Capital expenditures	(35,652)	(90,534)
Proceeds from asset dispositions	369	220
Net cash used in investing activities	(35,283)	(90,314)
Proceeds from borrowings	0	544
Debt issuance costs	0
Repayment of debt	(2,758)	(3,957)
Dividends paid	0	0
Increases (decreases) in cash related to intercompany advances and debt	32,220	11,320
Partial prepayment of put/call obligation	0	0
Acquisition of noncontrolling interest	(2,000)
Payment of contingent consideration	(8,000)
Repurchase of Common Stock	0	0
Issuance of Common Stock	0	0
Tax benefit related to stock-based compensation	0	0
Net cash provided by financing activities	19,462	7,907
Effect of exchange rate changes on cash and cash equivalents	1,150	4,110
Net increase (decrease) in cash and cash equivalents	8,923	(71,139)
Cash and cash equivalents at beginning of period	103,136	200,147
Cash and cash equivalents at end of period	112,059	129,008
Consolidations, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(132)	(1,418)
Capital expenditures	0	0
Proceeds from asset dispositions	0	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
Payment of contingent consideration	0
Repurchase of Common Stock	0	0
Issuance of Common Stock	0	0
Tax benefit related to stock-based compensation	0	0
Net cash provided by financing activities	0	0
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	(132)	(1,418)
Cash and cash equivalents at beginning of period	0	(446)
Cash and cash equivalents at end of period	$ (132)	$ (1,864)