SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)
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6 Months Ended |
Sep. 30, 2015 |
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| DisclosureTextBlockAbstract [Abstract] |
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| 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 September 30, 2015 | | | | | | | | | | | | | | | | | | | | | | | | Parent Company Only | | Guarantor Subsidiaries | | Non- Guarantor Subsidiaries | | Eliminations | | Consolidated | | | | | | | | | | | | | | (In thousands) | Revenue: | | | | | | | | | | | Gross revenue | | $ | — |
| | $ | 58,570 |
| | $ | 388,341 |
| | $ | — |
| | $ | 446,911 |
| Intercompany revenue | | — |
| | 21,924 |
| | — |
| | (21,924 | ) | | — |
| | | — |
| | 80,494 |
| | 388,341 |
| | (21,924 | ) | | 446,911 |
| Operating expense: | | | | | | | | | | | Direct cost and reimbursable expense | | (1,061 | ) | | 50,731 |
| | 284,589 |
| | — |
| | 334,259 |
| Intercompany expenses | | — |
| | — |
| | 21,924 |
| | (21,924 | ) | | — |
| Depreciation and amortization | | 1,675 |
| | 17,530 |
| | 18,182 |
| | — |
| | 37,387 |
| General and administrative | | 19,764 |
| | 5,961 |
| | 27,732 |
| | — |
| | 53,457 |
| | | 20,378 |
| | 74,222 |
| | 352,427 |
| | (21,924 | ) | | 425,103 |
| | | | | | | | | | | | Loss on impairment | | — |
| | — |
| | (22,274 | ) | | — |
| | (22,274 | ) | Loss on disposal of assets | | — |
| | (11,901 | ) | | (2,106 | ) | | — |
| | (14,007 | ) | Earnings from unconsolidated affiliates, net of losses | | (73,993 | ) | | — |
| | (15,360 | ) | | 73,993 |
| | (15,360 | ) | Operating loss | | (94,371 | ) | | (5,629 | ) | | (3,826 | ) | | 73,993 |
| | (29,833 | ) | Interest expense, net | | 30,967 |
| | (1,081 | ) | | (37,065 | ) | | — |
| | (7,179 | ) | Other income (expense), net | | 271 |
| | 330 |
| | (12,025 | ) | | — |
| | (11,424 | ) | | | | | | | | | | | | Loss before provision for income taxes | | (63,133 | ) | | (6,380 | ) | | (52,916 | ) | | 73,993 |
| | (48,436 | ) | Allocation of consolidated income taxes | | 16,015 |
| | (1,273 | ) | | (11,986 | ) | | — |
| | 2,756 |
| Net loss | | (47,118 | ) | | (7,653 | ) | | (64,902 | ) | | 73,993 |
| | (45,680 | ) | Net income attributable to noncontrolling interests | | (14 | ) | | — |
| | (1,438 | ) | | — |
| | (1,452 | ) | Net loss attributable to Bristow Group | | (47,132 | ) | | (7,653 | ) | | (66,340 | ) | | 73,993 |
| | (47,132 | ) | Accretion of redeemable noncontrolling interests | | — |
| | — |
| | 4,803 |
| | — |
| | 4,803 |
| Net loss attributable to common stockholders | | $ | (47,132 | ) | | $ | (7,653 | ) | | $ | (61,537 | ) | | $ | 73,993 |
| | $ | (42,329 | ) |
Supplemental Condensed Consolidating Statement of Operations Six Months Ended September 30, 2015 | | | | | | | | | | | | | | | | | | | | | | | | Parent Company Only | | Guarantor Subsidiaries | | Non- Guarantor Subsidiaries | | Eliminations | | Consolidated | | | | | | | | | | | | | | (In thousands) | Revenue: | | | | | | | | | | | Gross revenue | | $ | — |
| | $ | 123,426 |
| | $ | 790,481 |
| | $ | — |
| | $ | 913,907 |
| Intercompany revenue | | — |
| | 46,735 |
| | — |
| | (46,735 | ) | | — |
| | | — |
| | 170,161 |
| | 790,481 |
| | (46,735 | ) | | 913,907 |
| Operating expense: | | | | | | | | | | | Direct cost and reimbursable expense | | (917 | ) | | 104,957 |
| | 587,065 |
| | — |
| | 691,105 |
| Intercompany expenses | | — |
| | — |
| | 46,735 |
| | (46,735 | ) | | — |
| Depreciation and amortization | | 3,284 |
| | 32,115 |
| | 39,134 |
| | — |
| | 74,533 |
| General and administrative | | 40,315 |
| | 12,792 |
| | 61,682 |
| | — |
| | 114,789 |
| | | 42,682 |
| | 149,864 |
| | 734,616 |
| | (46,735 | ) | | 880,427 |
| | | | | | | | | | | | Loss on impairment | | — |
| | (2,508 | ) | | (25,205 | ) | | — |
| | (27,713 | ) | Loss on disposal of assets | | — |
| | (19,638 | ) | | (2,064 | ) | | — |
| | (21,702 | ) | Earnings from unconsolidated affiliates, net of losses | | (89,427 | ) | | — |
| | (9,064 | ) | | 89,427 |
| | (9,064 | ) | Operating income (loss) | | (132,109 | ) | | (1,849 | ) | | 19,532 |
| | 89,427 |
| | (24,999 | ) | Interest expense, net | | 58,451 |
| | (2,346 | ) | | (70,953 | ) | | — |
| | (14,848 | ) | Other income (expense), net | | (45 | ) | | 84 |
| | (7,624 | ) | | — |
| | (7,585 | ) | Loss before provision for income taxes | | (73,703 | ) | | (4,111 | ) | | (59,045 | ) | | 89,427 |
| | (47,432 | ) | Allocation of consolidated income taxes | | 23,342 |
| | (2,410 | ) | | (20,809 | ) | | — |
| | 123 |
| Net loss | | (50,361 | ) | | (6,521 | ) | | (79,854 | ) | | 89,427 |
| | (47,309 | ) | Net income attributable to noncontrolling interests | | (28 | ) | | — |
| | (3,052 | ) | | — |
| | (3,080 | ) | Net loss attributable to Bristow Group | | (50,389 | ) | | (6,521 | ) | | (82,906 | ) | | 89,427 |
| | (50,389 | ) | Accretion of redeemable noncontrolling interests | | — |
| | — |
| | (1,498 | ) | | — |
| | (1,498 | ) | Net loss attributable to common stockholders | | $ | (50,389 | ) | | $ | (6,521 | ) | | $ | (84,404 | ) | | $ | 89,427 |
| | $ | (51,887 | ) |
Supplemental Condensed Consolidating Statement of Operations Three Months Ended September 30, 2014 | | | | | | | | | | | | | | | | | | | | | | | | Parent Company Only | | Guarantor Subsidiaries | | Non- Guarantor Subsidiaries | | Eliminations | | Consolidated | | | | | | | | | | | | | | (In thousands) | Revenue: | | | | | | | | | | | Gross revenue | | $ | — |
| | $ | 73,715 |
| | $ | 401,921 |
| | $ | — |
| | $ | 475,636 |
| Intercompany revenue | | 311 |
| | 25,187 |
| | — |
| | (25,498 | ) | | — |
| | | 311 |
| | 98,902 |
| | 401,921 |
| | (25,498 | ) | | 475,636 |
| Operating expense: | | | | | | | | | | | Direct cost and reimbursable expense | | — |
| | 56,888 |
| | 278,616 |
| | — |
| | 335,504 |
| Intercompany expenses | | — |
| | — |
| | 25,498 |
| | (25,498 | ) | | — |
| Depreciation and amortization | | 1,420 |
| | 11,886 |
| | 14,899 |
| | — |
| | 28,205 |
| General and administrative | | 19,841 |
| | 7,147 |
| | 34,736 |
| | — |
| | 61,724 |
| | | 21,261 |
| | 75,921 |
| | 353,749 |
| | (25,498 | ) | | 425,433 |
| | | | | | | | | | | | Loss on impairment | | — |
| | — |
| | (3,362 | ) | | — |
| | (3,362 | ) | Gain (loss) on disposal of assets | | — |
| | 1,200 |
| | (1,073 | ) | | — |
| | 127 |
| Earnings from unconsolidated affiliates, net of losses | | 15,992 |
| | — |
| | (2,904 | ) | | (15,992 | ) | | (2,904 | ) | Operating income (loss) | | (4,958 | ) | | 24,181 |
| | 40,833 |
| | (15,992 | ) | | 44,064 |
| Interest expense, net | | 28,492 |
| | (960 | ) | | (35,104 | ) | | — |
| | (7,572 | ) | Other income (expense), net | | (916 | ) | | 169 |
| | (1,934 | ) | | — |
| | (2,681 | ) | Income before provision for income taxes | | 22,618 |
| | 23,390 |
| | 3,795 |
| | (15,992 | ) | | 33,811 |
| Allocation of consolidated income taxes | | 3,473 |
| | (994 | ) | | (8,465 | ) | | — |
| | (5,986 | ) | Net income (loss) | | 26,091 |
| | 22,396 |
| | (4,670 | ) | | (15,992 | ) | | 27,825 |
| Net income attributable to noncontrolling interests | | (9 | ) | | — |
| | (1,734 | ) | | — |
| | (1,743 | ) | Net income (loss) attributable to Bristow Group | | $ | 26,082 |
| | $ | 22,396 |
| | $ | (6,404 | ) | | $ | (15,992 | ) | | $ | 26,082 |
|
Supplemental Condensed Consolidating Statement of Operations Six Months Ended September 30, 2014
| | | | | | | | | | | | | | | | | | | | | | | | Parent Company Only | | Guarantor Subsidiaries | | Non- Guarantor Subsidiaries | | Eliminations | | Consolidated | | | | | | | | | | | | | | (In thousands) | Revenue: | | | | | | | | | | | Gross revenue | | $ | — |
| | $ | 149,352 |
| | $ | 798,822 |
| | $ | — |
| | $ | 948,174 |
| Intercompany revenue | | 864 |
| | 50,013 |
| | — |
| | (50,877 | ) | | — |
| | | 864 |
| | 199,365 |
| | 798,822 |
| | (50,877 | ) | | 948,174 |
| Operating expense: | | | | | | | | | | | Direct cost and reimbursable expense | | — |
| | 109,953 |
| | 552,022 |
| | — |
| | 661,975 |
| Intercompany expenses | | — |
| | — |
| | 50,877 |
| | (50,877 | ) | | — |
| Depreciation and amortization | | 1,278 |
| | 22,101 |
| | 30,160 |
| | — |
| | 53,539 |
| General and administrative | | 38,178 |
| | 17,246 |
| | 66,732 |
| | — |
| | 122,156 |
| | | 39,456 |
| | 149,300 |
| | 699,791 |
| | (50,877 | ) | | 837,670 |
| | | | | | | | | | | | Loss on impairment | | — |
| | — |
| | (3,362 | ) | | — |
| | (3,362 | ) | Gain (loss) on disposal of assets | | — |
| | 2,538 |
| | (1,801 | ) | | — |
| | 737 |
| Earnings from unconsolidated affiliates, net of losses | | 52,984 |
| | — |
| | 1,377 |
| | (52,984 | ) | | 1,377 |
| Operating income | | 14,392 |
| | 52,603 |
| | 95,245 |
| | (52,984 | ) | | 109,256 |
| Interest expense, net | | 56,010 |
| | (1,966 | ) | | (68,743 | ) | | — |
| | (14,699 | ) | Other income (expense), net | | (1,844 | ) | | 97 |
| | (2,173 | ) | | — |
| | (3,920 | ) | Income before provision for income taxes | | 68,558 |
| | 50,734 |
| | 24,329 |
| | (52,984 | ) | | 90,637 |
| Allocation of consolidated income taxes | | 1,660 |
| | (761 | ) | | (18,708 | ) | | — |
| | (17,809 | ) | Net income | | 70,218 |
| | 49,973 |
| | 5,621 |
| | (52,984 | ) | | 72,828 |
| Net income attributable to noncontrolling interests | | (27 | ) | | — |
| | (2,610 | ) | | — |
| | (2,637 | ) | Net income attributable to Bristow Group | | $ | 70,191 |
| | $ | 49,973 |
| | $ | 3,011 |
| | $ | (52,984 | ) | | $ | 70,191 |
|
|
| Condensed Statement of Comprehensive Income [Table Text Block] |
Supplemental Condensed Consolidating Statement of Comprehensive Income Three Months Ended September 30, 2015 | | | | | | | | | | | | | | | | | | | | | | | | Parent
Company
Only | | Guarantor
Subsidiaries | | Non-
Guarantor
Subsidiaries | | Eliminations | | Consolidated | | | | | | | | | | | | | | (In thousands) | Net loss | | $ | (47,118 | ) | | $ | (7,653 | ) | | $ | (64,902 | ) | | $ | 73,993 |
| | $ | (45,680 | ) | Other comprehensive income (loss): | | | | | | | | | | | Currency translation adjustments | | (44,436 | ) | | — |
| | 58,709 |
| | (31,223 | ) | | (16,950 | ) | Total comprehensive income (loss) | | (91,554 | ) | | (7,653 | ) | | (6,193 | ) | | 42,770 |
| | (62,630 | ) | | | | | | | | | | | | Net income attributable to noncontrolling interests | | (14 | ) | | — |
| | (1,438 | ) | | — |
| | (1,452 | ) | Currency translation adjustments attributable to noncontrolling interests | | — |
| | — |
| | (1,535 | ) | | — |
| | (1,535 | ) | Total comprehensive income attributable to noncontrolling interests | | (14 | ) | | — |
| | (2,973 | ) | | — |
| | (2,987 | ) | Total comprehensive loss attributable to Bristow Group | | (91,568 | ) | | (7,653 | ) | | (9,166 | ) | | 42,770 |
| | (65,617 | ) | Accretion of redeemable noncontrolling interests | | — |
| | — |
| | 4,803 |
| | — |
| | 4,803 |
| Total comprehensive loss attributable to common stockholders | | $ | (91,568 | ) | | $ | (7,653 | ) | | $ | (4,363 | ) | | $ | 42,770 |
| | $ | (60,814 | ) |
Supplemental Condensed Consolidating Statement of Comprehensive Income Six Months Ended September 30, 2015
| | | | | | | | | | | | | | | | | | | | | | | | Parent
Company
Only | | Guarantor
Subsidiaries | | Non-
Guarantor
Subsidiaries | | Eliminations | | Consolidated | | | | | | | | | | | | | | (In thousands) | Net loss | | $ | (50,361 | ) | | $ | (6,521 | ) | | $ | (79,854 | ) | | $ | 89,427 |
| | $ | (47,309 | ) | Other comprehensive income (loss): | | | | | | | | | | | Currency translation adjustments | | (6,871 | ) | | — |
| | 40,303 |
| | (37,774 | ) | | (4,342 | ) | Total comprehensive income (loss) | | (57,232 | ) | | (6,521 | ) | | (39,551 | ) | | 51,653 |
| | (51,651 | ) | | | | | | | | | | | | Net income attributable to noncontrolling interests | | (28 | ) | | — |
| | (3,052 | ) | | — |
| | (3,080 | ) | Currency translation adjustments attributable to noncontrolling interests | | — |
| | — |
| | 571 |
| | — |
| | 571 |
| Total comprehensive income attributable to noncontrolling interests | | (28 | ) | | — |
| | (2,481 | ) | | — |
| | (2,509 | ) | Total comprehensive loss attributable to Bristow Group | | (57,260 | ) | | (6,521 | ) | | (42,032 | ) | | 51,653 |
| | (54,160 | ) | Accretion of redeemable noncontrolling interests | | — |
| | — |
| | (1,498 | ) | | — |
| | (1,498 | ) | Total comprehensive loss attributable to common stockholders | | $ | (57,260 | ) | | $ | (6,521 | ) | | $ | (43,530 | ) | | $ | 51,653 |
| | $ | (55,658 | ) |
Supplemental Condensed Consolidating Statement of Comprehensive Income Three Months Ended September 30, 2014 | | | | | | | | | | | | | | | | | | | | | | | | Parent
Company
Only | | Guarantor
Subsidiaries | | Non-
Guarantor
Subsidiaries | | Eliminations | | Consolidated | | | | | | | | | | | | | | (In thousands) | Net income (loss) | | $ | 26,091 |
| | $ | 22,396 |
| | $ | (4,670 | ) | | $ | (15,992 | ) | | $ | 27,825 |
| Other comprehensive income: | | | | | | | | | | | Currency translation adjustments | | (4,650 | ) | | — |
| | 33,613 |
| | (48,470 | ) | | (19,507 | ) | Total comprehensive income | | 21,441 |
| | 22,396 |
| | 28,943 |
| | (64,462 | ) | | 8,318 |
| | | | | | | | | | | | Net income attributable to noncontrolling interests | | (9 | ) | | — |
| | (1,734 | ) | | — |
| | (1,743 | ) | Currency translation adjustments attributable to noncontrolling interests | | — |
| | — |
| | (183 | ) | | — |
| | (183 | ) | Total comprehensive income attributable to noncontrolling interests | | (9 | ) | | — |
| | (1,917 | ) | | — |
| | (1,926 | ) | Total comprehensive income attributable to Bristow Group | | $ | 21,432 |
| | $ | 22,396 |
| | $ | 27,026 |
| | $ | (64,462 | ) | | $ | 6,392 |
|
Supplemental Condensed Consolidating Statement of Comprehensive Income Six Months Ended September 30, 2014 | | | | | | | | | | | | | | | | | | | | | | | | Parent
Company
Only | | Guarantor
Subsidiaries | | Non-
Guarantor
Subsidiaries | | Eliminations | | Consolidated | | | | | | | | | | | | | | (In thousands) | Net income | | $ | 70,218 |
| | $ | 49,973 |
| | $ | 5,621 |
| | $ | (52,984 | ) | | $ | 72,828 |
| Other comprehensive income: | | | | | | | | | | | Currency translation adjustments | | (11,686 | ) | | — |
| | 13,968 |
| | (12,798 | ) | | (10,516 | ) | Total comprehensive income | | 58,532 |
| | 49,973 |
| | 19,589 |
| | (65,782 | ) | | 62,312 |
| | | | | | | | | | | | Net income attributable to noncontrolling interests | | (27 | ) | | — |
| | (2,610 | ) | | — |
| | (2,637 | ) | Currency translation adjustments attributable to noncontrolling interests | | — |
| | — |
| | 34 |
| | — |
| | 34 |
| Total comprehensive income attributable to noncontrolling interests | | (27 | ) | | — |
| | (2,576 | ) | | — |
| | (2,603 | ) | Total comprehensive income attributable to Bristow Group | | $ | 58,505 |
| | $ | 49,973 |
| | $ | 17,013 |
| | $ | (65,782 | ) | | $ | 59,709 |
|
|
| Condensed Balance Sheet [Table Text Block] |
Supplemental Condensed Consolidating Balance Sheet As of September 30, 2015 | | | | | | | | | | | | | | | | | | | | | | | | Parent Company Only | | Guarantor Subsidiaries | | Non- Guarantor Subsidiaries | | Eliminations | | Consolidated | | | | | | | | | | | | | | (In thousands) | | | ASSETS | Current assets: | | | | | | | | | | | Cash and cash equivalents | | $ | 20,080 |
| | $ | 1,153 |
| | $ | 118,108 |
| | $ | — |
| | $ | 139,341 |
| Accounts receivable | | 408,430 |
| | 490,607 |
| | 371,400 |
| | (1,038,652 | ) | | 231,785 |
| Inventories | | 8 |
| | 39,943 |
| | 105,780 |
| | — |
| | 145,731 |
| Assets held for sale | | — |
| | 29,896 |
| | 11,346 |
| | — |
| | 41,242 |
| Prepaid expenses and other current assets | | 4,686 |
| | 5,432 |
| | 65,788 |
| | — |
| | 75,906 |
| Total current assets | | 433,204 |
| | 567,031 |
| | 672,422 |
| | (1,038,652 | ) | | 634,005 |
| Intercompany investment | | 1,196,923 |
| | 111,379 |
| | 152,990 |
| | (1,461,292 | ) | | — |
| Investment in unconsolidated affiliates | | — |
| | — |
| | 196,350 |
| | — |
| | 196,350 |
| Intercompany notes receivable | | 1,279,069 |
| | 13,786 |
| | — |
| | (1,292,855 | ) | | — |
| Property and equipment—at cost: | | | | | | | | | | | Land and buildings | | 4,539 |
| | 60,858 |
| | 172,307 |
| | — |
| | 237,704 |
| Aircraft and equipment | | 125,427 |
| | 1,065,799 |
| | 1,253,800 |
| | — |
| | 2,445,026 |
| | | 129,966 |
| | 1,126,657 |
| | 1,426,107 |
| | — |
| | 2,682,730 |
| Less: Accumulated depreciation and amortization | | (19,708 | ) | | (228,681 | ) | | (278,751 | ) | | — |
| | (527,140 | ) | | | 110,258 |
| | 897,976 |
| | 1,147,356 |
| | — |
| | 2,155,590 |
| Goodwill | | — |
| | 4,756 |
| | 47,648 |
| | — |
| | 52,404 |
| Other assets | | 176,270 |
| | 893 |
| | 90,532 |
| | (104,992 | ) | | 162,703 |
| Total assets | | $ | 3,195,724 |
| | $ | 1,595,821 |
| | $ | 2,307,298 |
| | $ | (3,897,791 | ) | | $ | 3,201,052 |
| | | | | | | | | | | | LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND STOCKHOLDERS’ INVESTMENT | Current liabilities: | | | | | | | | | | | Accounts payable | | $ | 329,595 |
| | $ | 536,606 |
| | $ | 347,618 |
| | $ | (1,105,141 | ) | | $ | 108,678 |
| Accrued liabilities | | 20,210 |
| | 37,915 |
| | 1,230,505 |
| | (1,061,328 | ) | | 227,302 |
| Current deferred taxes | | 1,986 |
| | 1,922 |
| | 11,200 |
| | — |
| | 15,108 |
| Short-term borrowings and current maturities of long-term debt | | 21,001 |
| | — |
| | 9,040 |
| | — |
| | 30,041 |
| Total current liabilities | | 372,792 |
| | 576,443 |
| | 1,598,363 |
| | (2,166,469 | ) | | 381,129 |
| Long-term debt, less current maturities | | 946,946 |
| | — |
| | 26,393 |
| | — |
| | 973,339 |
| Intercompany notes payable | | — |
| | 116,846 |
| | 154,663 |
| | (271,509 | ) | | — |
| Accrued pension liabilities | | — |
| | — |
| | 91,908 |
| | — |
| | 91,908 |
| Other liabilities and deferred credits | | 9,710 |
| | 7,443 |
| | 9,789 |
| | — |
| | 26,942 |
| Deferred taxes | | 139,201 |
| | 5,380 |
| | 5,591 |
| | — |
| | 150,172 |
| Redeemable noncontrolling interests | | — |
| | — |
| | 30,527 |
| | — |
| | 30,527 |
| Stockholders’ investment: | | | | | | | | | | | Common stock | | 377 |
| | 4,996 |
| | 22,876 |
| | (27,872 | ) | | 377 |
| Additional paid-in-capital | | 788,672 |
| | 9,291 |
| | 284,048 |
| | (293,339 | ) | | 788,672 |
| Retained earnings | | 1,208,809 |
| | 875,422 |
| | 49,155 |
| | (924,577 | ) | | 1,208,809 |
| Accumulated other comprehensive income (loss) | | (87,475 | ) | | — |
| | 27,400 |
| | (214,025 | ) | | (274,100 | ) | Treasury shares | | (184,796 | ) | | — |
| | — |
| | — |
| | (184,796 | ) | Total Bristow Group stockholders’ investment | | 1,725,587 |
| | 889,709 |
| | 383,479 |
| | (1,459,813 | ) | | 1,538,962 |
| Noncontrolling interests | | 1,488 |
| | — |
| | 6,585 |
| | — |
| | 8,073 |
| Total stockholders’ investment | | 1,727,075 |
| | 889,709 |
| | 390,064 |
| | (1,459,813 | ) | | 1,547,035 |
| Total liabilities, redeemable noncontrolling interests and stockholders’ investment | | $ | 3,195,724 |
| | $ | 1,595,821 |
| | $ | 2,307,298 |
| | $ | (3,897,791 | ) | | $ | 3,201,052 |
|
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 Six Months Ended September 30, 2015 | | | | | | | | | | | | | | | | | | | | | | | | Parent Company Only | | Guarantor Subsidiaries | | Non- Guarantor Subsidiaries | | Eliminations | | Consolidated | | | | | | | | | | | | | | (In thousands) | Net cash provided by (used in) operating activities | | $ | (80,805 | ) | | $ | 96,181 |
| | $ | 42,884 |
| | $ | — |
| | $ | 58,260 |
| Cash flows from investing activities: | | | | | | | | | | | Capital expenditures | | (18,679 | ) | | (88,872 | ) | | (39,438 | ) | | — |
| | (146,989 | ) | Proceeds from asset dispositions | | — |
| | 13,937 |
| | 2,170 |
| | — |
| | 16,107 |
| Net cash used in investing activities | | (18,679 | ) | | (74,935 | ) | | (37,268 | ) | | — |
| | (130,882 | ) | Cash flows from financing activities: | | | | | | | | | | | Proceeds from borrowings | | 461,575 |
| | — |
| | 6 |
| | — |
| | 461,581 |
| Repayment of debt | | (316,200 | ) | | — |
| | (7,369 | ) | | — |
| | (323,569 | ) | Dividends paid | | (23,746 | ) | | — |
| | — |
| | — |
| | (23,746 | ) | Increases (decreases) in cash related to intercompany advances and debt | | (2,366 | ) | | (20,977 | ) | | 23,343 |
| | — |
| | — |
| Partial prepayment of put/call obligation | | (28 | ) | | — |
| | — |
| | — |
| | (28 | ) | Acquisition of noncontrolling interest | | — |
| | — |
| | (2,000 | ) | | — |
| | (2,000 | ) | Payment of contingent consideration | | — |
| | — |
| | (8,000 | ) | | — |
| | (8,000 | ) | Tax benefit related to stock-based compensation | | 203 |
| | — |
| | — |
| | — |
| | 203 |
| Net cash provided by (used in) financing activities | | 119,438 |
| | (20,977 | ) | | 5,980 |
| | — |
| | 104,441 |
| Effect of exchange rate changes on cash and cash equivalents | | — |
| | — |
| | 3,376 |
| | — |
| | 3,376 |
| Net increase in cash and cash equivalents | | 19,954 |
| | 269 |
| | 14,972 |
| | — |
| | 35,195 |
| Cash and cash equivalents at beginning of period | | 126 |
| | 884 |
| | 103,136 |
| | — |
| | 104,146 |
| Cash and cash equivalents at end of period | | $ | 20,080 |
| | $ | 1,153 |
| | $ | 118,108 |
| | $ | — |
| | $ | 139,341 |
|
Supplemental Condensed Consolidating Statement of Cash Flows Six Months Ended September 30, 2014 | | | | | | | | | | | | | | | | | | | | | | | | Parent Company Only | | Guarantor Subsidiaries | | Non- Guarantor Subsidiaries | | Eliminations | | Consolidated | | | | | | | | | | | | | | (In thousands) | Net cash provided by (used in) operating activities | | $ | (45,192 | ) | | $ | 115,666 |
| | $ | 30,247 |
| | $ | 446 |
| | $ | 101,167 |
| Cash flows from investing activities: | | | | | | | | | | | Capital expenditures | | (25,668 | ) | | (141,269 | ) | | (135,182 | ) | | — |
| | (302,119 | ) | Proceeds from asset dispositions | | — |
| | 208,373 |
| | 189,271 |
| | — |
| | 397,644 |
| Net cash provided by (used in) investing activities | | (25,668 | ) | | 67,104 |
| | 54,089 |
| | — |
| | 95,525 |
| Cash flows from financing activities: | | | | | | | | | | | Proceeds from borrowings | | 218,000 |
| | — |
| | 1,354 |
| | — |
| | 219,354 |
| Repayment of debt | | (275,502 | ) | | — |
| | (7,336 | ) | | — |
| | (282,838 | ) | Dividends paid | | (22,689 | ) | | — |
| | — |
| | — |
| | (22,689 | ) | Increases (decreases) in cash related to intercompany advances and debt | | 241,300 |
| | (169,002 | ) | | (72,298 | ) | | — |
| | — |
| Partial prepayment of put/call obligation | | (30 | ) | | — |
| | — |
| | — |
| | (30 | ) | Acquisition of noncontrolling interest | | — |
| | — |
| | (3,170 | ) | | — |
| | (3,170 | ) | Repurchase of Common Stock | | (43,423 | ) | | — |
| | — |
| | — |
| | (43,423 | ) | Issuance of Common Stock | | 1,398 |
| | — |
| | — |
| | — |
| | 1,398 |
| Tax benefit related to stock-based compensation | | 1,642 |
| | — |
| | — |
| | — |
| | 1,642 |
| Net cash provided by (used in) financing activities | | 120,696 |
| | (169,002 | ) | | (81,450 | ) | | — |
| | (129,756 | ) | Effect of exchange rate changes on cash and cash equivalents | | — |
| | — |
| | (7,367 | ) | | — |
| | (7,367 | ) | Net increase (decrease) in cash and cash equivalents | | 49,836 |
| | 13,768 |
| | (4,481 | ) | | 446 |
| | 59,569 |
| Cash and cash equivalents at beginning of period | | 4,640 |
| | — |
| | 200,147 |
| | (446 | ) | | 204,341 |
| Cash and cash equivalents at end of period | | $ | 54,476 |
| | $ | 13,768 |
| | $ | 195,666 |
| | $ | — |
| | $ | 263,910 |
|
|