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SEGMENT INFORMATION, MAJOR CUSTOMERS AND GEOGRAPHICAL DATA | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
SEGMENT INFORMATION, MAJOR CUSTOMERS AND GEOGRAPHICAL DATA | SEGMENT INFORMATION, MAJOR CUSTOMERS AND GEOGRAPHICAL DATA The Company has determined that its operations comprise a single segment. Helicopters are highly mobile and may be utilized in any of the Company’s service lines as business needs dictate. For the year ended December 31, 2019, Anadarko Petroleum Corporation (“Anadarko”), Petroleo Brasileiro S.A. (“Petrobras”) and the U.S. government accounted for 28%, 21% and 14%, respectively, of the Company’s operating revenues. For the year ended December 31, 2018, Anadarko, Petrobras and the U.S. government accounted for 31%, 23% and 15%, respectively, of the Company’s operating revenues. For the year ended December 31, 2017, Anadarko, Petrobras and the U.S. government accounted for 28%, 22% and 16%, respectively, of the Company’s operating revenues. For the years ended December 31, 2019, 2018 and 2017, approximately 34%, 29% and 34%, respectively, of the Company’s operating revenues were derived from foreign operations. The Company’s foreign revenues are primarily derived from oil and gas operations in Brazil, Colombia and Suriname as well as leasing activities in other jurisdictions. The following represents the Company’s operating revenues by geographical region in which services are provided for the years ended December 31, 2019, 2018 and 2017 (in thousands):
|  | 2019 |  | 2018 |  | 2017
Revenues: |  |  |  |  |  |
United States |  | $ | 149,514 |  |  | $ | 157,267 |  |  | $ | 152,187 |
Latin America and the Caribbean |  | 68,802 |  |  | 58,037 |  |  | 68,936 |
Europe |  | 384 |  |  | 608 |  |  | 5,029 |
Asia |  | 7,359 |  |  | 5,764 |  |  | 5,169 |
|  | $ | 226,059 |  |  | $ | 221,676 |  |  | $ | 231,321 |
The Company’s long-lived assets are primarily its property and equipment employed in various geographical regions of the world. The following represents the Company’s property and equipment, net of accumulated depreciation, based upon the assets’ physical locations as of December 31, 2019 and 2018 (in thousands):
|  | 2019 |  | 2018
Property and equipment, net: |  |  |  |
United States |  | $ | 433,096 |  |  | $ | 472,838 |
Latin America and the Caribbean |  | 96,225 |  |  | 105,519 |
Europe |  | 6,363 |  |  | 8,049 |
Asia |  | 21,215 |  |  | 12,788 |
|  | $ | 556,899 |  |  | $ | 599,194 |
The Company’s Brazilian operations include 181 employees, representing approximately 26% of the Company’s total workforce, that are covered under collective bargaining agreements, none of which expire within the next year. Any disputes with its employees over the terms of the collective bargaining agreements could result in strikes or other work stoppages, higher labor costs or other conditions that may have a material adverse effect on the Company’s financial condition or results of operations.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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