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PROPERTY AND EQUIPMENT | 3 Months Ended
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Jun. 30, 2020
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | PROPERTY AND EQUIPMENT Property and Equipment Acquisitions The Company made capital expenditures as follows (in thousands):
|  | Successor |  |  | Predecessor
|  | Three Months Ended June 30, 2020 |  |  | Three Months Ended June 30, 2019
Capital expenditures: |  |  |  |  |
Aircraft and equipment |  | $ | 2,757 |  |  |  | $ | 6,688 |
Land and buildings |  | 92 |  |  |  | 751 |
Total capital expenditures |  | $ | 2,849 |  |  |  | $ | 7,439 |
Property and Equipment Dispositions The following table presents details on the aircraft sold or disposed of and impairments on assets held for sale (in thousands, except for number of aircraft):
|  | Successor |  |  | Predecessor
|  | Three Months Ended June 30, 2020 |  |  | Three Months Ended June 30, 2019
Number of aircraft sold or disposed of |  | 1 |  |  |  | 2
Deposits on assets held for sale |  | $ | 20,000 |  |  |  | $ | — |
Proceeds from sale or disposal of assets (1) |  | $ | 11,665 |  |  |  | $ | 3,204 |
Gain (loss) from sale or disposal of assets (2) |  | $ | 5,522 |  |  |  | $ | (3,787 | )
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(1) | Includes proceeds received for sale of property and equipment (including aircraft) during each period.
(2) | Included in gain (loss) on disposal of assets on the condensed consolidated statements of operations. Includes gain (loss), net of sale or disposal of property and equipment (including aircraft) during each period. During the three months ended June 30, 2020 (Successor), one aircraft was sold that was not in assets held for sale resulting in the gain of $5.5 million.
As of December 31, 2018 (Predecessor), Old Bristow revised the salvage values of certain aircraft to reflect its expectation of future sales values given the disposal plans for those aircraft. Old Bristow recorded an additional depreciation expense of $1.4 million during the three months ended June 30, 2019 (Predecessor). No additional depreciation was recorded for the three months ended June 30, 2020 (Successor) due to fresh-start accounting.

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- References No definition available. + Details
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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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