SEGMENT INFORMATION (Tables)
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3 Months Ended |
Jun. 30, 2015 |
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| Segments [Abstract] |
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| 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
June 30, | | | | 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 |
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| Schedule of earnings from unconsolidated affiliates - equity method investments |
| | | | | | | | | | Three Months Ended
June 30, | | | 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 |
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| Schedule of consolidated operating income loss |
| | | | | | | | | | Three Months Ended
June 30, | | | 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 |
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| Schedule of depreciation and amortization |
| | | | | | | | | | Three Months Ended
June 30, | | | 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 |
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_____________ | | (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. |
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| Schedule of identifiable assets |
| | | | | | | | | | | | | | June 30,
2015 | | March 31,
2015 | | 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 |
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| | (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. |
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| Schedule of unconsolidated affiliates - equity method investments |
| | | | | | | | | | | | | | | June 30,
2015 | | March 31,
2015 | | | 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 |
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