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BUSINESS COMBINATIONS (Tables) | 3 Months Ended
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Jun. 30, 2020
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The amounts of revenue and earnings of Era included in the Company’s condensed consolidated statement of operations from the acquisition date of June 11, 2020 to June 30, 2020 (Successor) are as follows (in thousands):
Total revenues |  | $ | 8,861 |
Net loss |  | $ | (4,304 | )
The following table summarizes the fair values of assets acquired and liabilities assumed as of the date of acquisition, June 11, 2020 (in thousands):
Assets acquired: |  |
Cash and cash equivalents |  | $ | 120,236 |
Accounts receivable from non-affiliates |  | 35,079 |
Prepaid expenses and other current assets |  | 17,598 |
Inventories |  | 8,826 |
Property and equipment |  | 214,303 |
Right-of-use assets |  | 8,395 |
Other assets |  | 14,305 |
Total assets acquired |  | $ | 418,742 |
Liabilities assumed: |  |
Accounts payable |  | $ | 9,686 |
Accrued wages, benefits and related taxes |  | 8,319 |
Income taxes payable |  | 1,791 |
Deferred revenue |  | 236 |
Accrued interest |  | 5,459 |
Current portion of operating lease liabilities |  | 1,711 |
Other accrued liabilities |  | 12,943 |
Short-term borrowings and current maturities of long-term debt |  | 17,485 |
Long-term debt, less current maturities |  | 136,704 |
Other liabilities and deferred credits |  | 1,404 |
Deferred taxes |  | 32,407 |
Long-term operating lease liabilities |  | 6,845 |
Total liabilities and redeemable noncontrolling interest assumed |  | $ | 234,990 |
Net assets acquired |  | $ | 183,752 |
The acquisition date fair value of the consideration transferred consisted of the following (in thousands):
Fair value of Combined Company Common Stock issued (1) |  | $ | 106,440 |
Fair value of stock awards (2) |  | 1,900 |
Total consideration transferred |  | $ | 108,340 |
___________________
(1) | Represents the fair value of Combined Company Common Stock retained by Era Common Stockholders. based on the closing market price of Era shares on June 11, 2020, the acquisition date.
(2) Represents the fair value of restricted share awards of Combined Company Common Stock held by Era employees that were accelerated upon consummation of the Merger.
Schedule of Unaudited Pro Forma Financial Information | The unaudited pro forma financial information is as follows (in thousands)(1):
|  | Successor
|  | Three Months Ended
|  | June 30, 2020
Total revenues |  | $ | 305,390 |
Net income |  | $ | 18,547 |
Net income attributable to Bristow Group Inc. |  | $ | 18,642 |
_____________________ (1) The Company did not have any material, nonrecurring pro forma adjustments directly attributable to the business combination included in the reported pro forma revenue and net income.

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