XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.20.2

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 3 Months Ended
--- | ---
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Foreign Exchange Contracts, Statement of Financial Position | The following table presents the balance sheet location and fair value of the portions of the Company’s derivative instruments that were designated as hedging instruments as of June 30, 2020 (Successor) (in thousands):
|  | Derivatives designated as hedging instruments |  | Derivatives not designated as hedging instruments |  | Gross amounts of recognized assets and liabilities |  | Gross amounts offset in the Balance Sheet |  | Net amounts of assets and liabilities presented in the Balance Sheet
Prepaid expenses and other current assets |  | $ | 2,445 |  |  | $ | — |  |  | $ | 2,445 |  |  | $ | — |  |  | $ | 2,445 |
Net |  | $ | 2,445 |  |  | $ | — |  |  | $ | 2,445 |  |  | $ | — |  |  | $ | 2,445 |
The following table presents the balance sheet location and fair value of the portions of Old Bristow’s derivative instruments that were designated as hedging instruments as of March 31, 2020 (Successor) (in thousands):
|  | Derivatives designated as hedging instruments |  | Derivatives not designated as hedging instruments |  | Gross amounts of recognized assets and liabilities |  | Gross amounts offset in the Balance Sheet |  | Net amounts of assets and liabilities presented in the Balance Sheet
Prepaid expenses and other current assets |  | $ | 2,747 |  |  | $ | — |  |  | $ | 2,747 |  |  | $ | — |  |  | $ | 2,747 |
Net |  | $ | 2,747 |  |  | $ | — |  |  | $ | 2,747 |  |  | $ | — |  |  | $ | 2,747 |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following table presents the impact that derivative instruments designated as cash flow hedges had on the Company’s accumulated other comprehensive loss (net of tax) and the Company’s condensed consolidated statements of operations (in thousands):
|  | Successor |  |
|  | Three Months Ended June 30, 2020 |  | Financial statement location
Amount of loss recognized in accumulated other comprehensive loss |  | $ | (427 | ) |  | Accumulated other comprehensive loss
Amount of loss reclassified from accumulated other comprehensive loss into earnings |  | $ | 454 |  |  | Statement of operations

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfForeignExchangeContractsStatementOfFinancialPositionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration