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BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of cash, cash equivalents and restricted cash | The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows (in thousands).
|  | Successor
|  | June 30, 2020 |  | March 31, 2020
Reconciliation of cash, cash equivalents and restricted cash as shown in the statements of cash flows: |  |  |  |
Cash and cash equivalents |  | $ | 259,922 |  |  | $ | 196,662 |
Restricted cash |  | 3,493 |  |  | 2,459 |
Total cash, cash equivalents and restricted cash |  | $ | 263,415 |  |  | $ | 199,121 |
Schedule of intangible assets | Intangible assets by type were as follows (in thousands, except for years):
| Successor
| U.K. SAR customer contract |  | PBH |  | Total
| Gross Carrying Amount
March 31, 2020 | $ | 55,706 |  |  | $ | 74,321 |  |  | $ | 130,027 |
Additions (1) | — |  |  | 13,936 |  |  | $ | 13,936 |
Foreign currency translation | (171 | ) |  | (169 | ) |  | $ | (340 | )
June 30, 2020 | $ | 55,535 |  |  | $ | 88,088 |  |  | $ | 143,623 |
| Accumulated Amortization
March 31, 2020 | $ | (3,251 | ) |  | $ | (15,503 | ) |  | $ | (18,754 | )
Amortization expense | (1,880 | ) |  | (5,136 | ) |  | (7,016 | )
June 30, 2020 | $ | (5,131 | ) |  | $ | (20,639 | ) |  | $ | (25,770 | )
Weighted average remaining contractual life, in years | 6.8 |  |  | 11.9 |  |  | 9.3 |
_____________ (1) In connection with the Merger, the Company recognized $13.9 million of additional intangible assets related to power-by-the-hour (“PBH”) contracts. The amortization expense for the PBH contracts is recorded as maintenance expense and is included in operating expense on the condensed consolidated financial statements.
Schedule of intangible assets, future amortization expense | Future amortization expense of intangible assets for each of the years ending March 31 (Successor) is as follows (in thousands):
2021 |  | $ | 20,182 |
2022 |  | 19,446 |
2023 |  | 18,961 |
2024 |  | 17,506 |
2025 |  | 17,381 |
Thereafter |  | 24,377 |
Total future amortization |  | $ | 117,853 |

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