v3.6.0.2

Business Segments and Geographic Areas | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Business Segments and Geographic Areas |
(13) | BUSINESS SEGMENTS AND GEOGRAPHIC AREAS
PHI is primarily a provider of helicopter services, and to a lesser extent helicopter maintenance and repair services. The Company has used a combination of factors to identify its reportable segments as required by Accounting Standards Codification 280, “Segment Reporting.” The overriding determination of the Company’s segments is based on how the chief operating decision-maker of the Company, the Chairman of the Board and Chief Executive Officer, evaluates the Company’s results of operations. The underlying factors include customer bases, types of service, operational management, physical locations, and underlying economic characteristics of the types of work the Company performs. A segment’s operating profit or loss is its operating revenues less its direct expenses and selling, general and administrative expenses. Each segment has a portion of selling, general and administrative expenses that is charged directly to the segment and a portion that is allocated. Direct charges represent the vast majority of segment selling, general and administrative expenses. Allocated selling, general and administrative expenses is based primarily on total segment costs as a percentage of total operating costs. The Oil and Gas segment provides helicopter services to oil and gas customers operating in the Gulf of Mexico and three foreign countries. The Air Medical segment provides helicopter services to hospitals and emergency service providers in several U.S. states, and individuals, in which case the Company is paid by either a commercial insurance company, federal or state agency, or the patient. The Technical Services segment provides helicopter repair and overhaul services for existing flight operations customers that own their own aircraft. Under this segment, the Company periodically provides flight services to governmental customers, including the Company’s agreement to operate six aircraft for the National Science Foundation in Antarctica. Under this segment, we also offer certain software as a service to our Oil and Gas customers. Air Medical operations are headquartered in Phoenix, Arizona, where the Company maintains significant separate facilities and administrative staff dedicated to this segment. Those costs are charged directly to the Air Medical segment, resulting in a disproportionate share of selling, general and administrative expenses compared to the Company’s other reportable segments. The customers, individually or considered as a group under common ownership, which accounted for greater than 10% of accounts receivable or 10% of operating revenues during the periods reflected were as follows:
|  | Accounts Receivable |  |  | Operating Revenues |
|  | December 31, |  |  | Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |  |  | 2014 |
Oil and Gas segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer A |  |  | 8 | % |  |  | 6 | % |  |  | 14 | % |  |  | 15 | % |  |  | 17 | %
Customer B |  |  | 8 | % |  |  | 9 | % |  |  | 10 | % |  |  | 11 | % |  |  | 13 | %
Air Medical & |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Technical Services segments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer C |  |  | 13 | % |  |  | 15 | % |  |  | 5 | % |  |  | 9 | % |  |  | 10 | %
The following table shows information about the profit or loss and assets of each of the Company’s reportable segments for the years ended December 31, 2016, 2015, and 2014. The information contains certain allocations, including allocations of depreciation, rents, insurance, and overhead expenses that the Company deems reasonable and appropriate for the evaluation of its results of operations. The Company does not allocate gains on dispositions of property and equipment, other income, interest expense, income taxes, and corporate selling, general, and administrative expenses to the segments. Where applicable, the tables present the unallocated amounts to reconcile the totals to the Company’s consolidated financial statements. Corporate assets are principally cash, short-term investments, other assets, and certain property and equipment.
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (Thousands of dollars) |
Segment operating revenues |  |  |  |  |  |  |  |  |  |  |  |
Oil and Gas |  | $ | 324,129 |  |  | $ | 459,611 |  |  | $ | 516,909 |
Air Medical |  |  | 281,868 |  |  |  | 312,775 |  |  |  | 300,212 |
Technical Services |  |  | 28,101 |  |  |  | 31,842 |  |  |  | 19,149 |
Total operating revenues |  |  | 634,098 |  |  |  | 804,228 |  |  |  | 836,270 |
Segment direct expenses |  |  |  |  |  |  |  |  |  |  |  |
Oil and Gas(1) |  |  | 344,640 |  |  |  | 411,757 |  |  |  | 411,679 |
Air Medical |  |  | 227,877 |  |  |  | 246,487 |  |  |  | 243,573 |
Technical Services |  |  | 19,882 |  |  |  | 29,112 |  |  |  | 14,851 |
Total segment direct expenses |  |  | 592,399 |  |  |  | 687,356 |  |  |  | 670,103 |
Segment selling, general and administrative expenses |  |  |  |  |  |  |  |  |  |  |  |
Oil and Gas |  |  | 6,739 |  |  |  | 6,511 |  |  |  | 4,615 |
Air Medical |  |  | 10,968 |  |  |  | 10,455 |  |  |  | 9,801 |
Technical Services |  |  | 1,101 |  |  |  | 805 |  |  |  | 157 |
Total segment selling, general and administrative expenses |  |  | 18,808 |  |  |  | 17,771 |  |  |  | 14,573 |
Total segment expenses |  |  | 611,207 |  |  |  | 705,127 |  |  |  | 684,676 |
Net segment (loss) profit |  |  |  |  |  |  |  |  |  |  |  |
Oil and Gas |  |  | (27,250 | ) |  |  | 41,343 |  |  |  | 100,615 |
Air Medical |  |  | 43,023 |  |  |  | 55,833 |  |  |  | 46,838 |
Technical Services |  |  | 7,118 |  |  |  | 1,925 |  |  |  | 4,141 |
Total net segment profit |  |  | 22,891 |  |  |  | 99,101 |  |  |  | 151,594 |
Other, net (2) |  |  | 6,214 |  |  |  | 1,872 |  |  |  | (10,539 | )
Unallocated selling, general and administrative expenses |  |  | (25,610 | ) |  |  | (28,651 | ) |  |  | (28,597 | )
Interest expense |  |  | (30,644 | ) |  |  | (29,066 | ) |  |  | (29,510 | )
Loss on debt extinguishment |  |  | — |  |  |  | — |  |  |  | (29,833 | )
(Loss) earnings before income taxes |  | $ | (27,149 | ) |  | $ | 43,256 |  |  | $ | 53,115 |
(1) | Includes equity in gain/loss of unconsolidated affiliate.
(2) | Includes gain/loss on disposition of property and equipment, asset impairments, and other income.
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (Thousands of dollars) |
Expenditures for Long-Lived Assets |  |  |  |  |  |  |  |  |  |  |  |
Oil and Gas |  | $ | 59,278 |  |  | $ | 32,501 |  |  | $ | 119,235 |
Air Medical |  |  | 22,429 |  |  |  | 22,685 |  |  |  | 37,317 |
Corporate |  |  | 1,164 |  |  |  | 1,389 |  |  |  | 1,153 |
Total |  | $ | 82,871 |  |  | $ | 56,575 |  |  | $ | 157,705 |
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (Thousands of dollars) |
Depreciation and Amortization |  |  |  |  |  |  |  |  |  |  |  |
Oil and Gas |  | $ | 40,170 |  |  | $ | 42,709 |  |  | $ | 29,635 |
Air Medical |  |  | 19,716 |  |  |  | 18,177 |  |  |  | 13,067 |
Technical Services |  |  | 564 |  |  |  | 518 |  |  |  | 493 |
Corporate |  |  | 5,293 |  |  |  | 10,214 |  |  |  | 7,653 |
Total |  | $ | 65,743 |  |  | $ | 71,618 |  |  | $ | 50,848 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Oil and Gas |  | $ | 674,788 |  |  | $ | 704,472 |  |  |  |  |
Air Medical |  |  | 368,474 |  |  |  | 329,484 |  |  |  |  |
Technical Services |  |  | 9,568 |  |  |  | 7,345 |  |  |  |  |
Corporate |  |  | 395,610 |  |  |  | 385,032 |  |  |  |  |
Total |  | $ | 1,448,440 |  |  | $ | 1,426,333 |  |  |  |  |
The following table presents the Company’s revenues from external customers attributed to operations in the United States and foreign areas and long-lived assets in the United States and foreign areas.
|  | As of or for Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (Thousands of dollars) |
Operating Revenues: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 579,300 |  |  | $ | 722,339 |  |  | $ | 747,063 |
International |  |  | 54,798 |  |  |  | 81,889 |  |  |  | 89,207 |
Total |  | $ | 634,098 |  |  | $ | 804,228 |  |  | $ | 836,270 |
Long-Lived Assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 751,290 |  |  | $ | 773,939 |  |  |  |  |
International |  |  | 152,687 |  |  |  | 109,590 |  |  |  |  |
Total |  | $ | 903,977 |  |  | $ | 883,529 |  |  |  |  |
Certain of those foreign customers pay us less promptly and regularly than our domestic customers. To date, these payment delays and irregularities have not resulted in any material losses. Nonetheless, these payment delays and irregularities have, among other things, disrupted our cash flows and exposed us to greater risks of non-payment, and could in the future potentially have a material adverse effect upon our financial position, liquidity, business 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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