SEGMENT INFORMATION

6 Months Ended

Sep. 30, 2013

Segments [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We conduct our business in one segment: Helicopter Services. The Helicopter Services segment operations are conducted primarily through five business units: Europe, West Africa, North America, Australia, and Other International. Additionally, we operate a training business unit, Bristow Academy, and provide technical services to clients in the U.S. and U.K.

The following shows business unit information for the three and six months endedSeptember 30, 2013 and 2012 and as of September 30 and March 31, 2013, where applicable, reconciled to consolidated totals, and prepared on the same basis as our condensed consolidated financial statements (in thousands):

	Three Months Ended   September 30,						Six Months Ended   September 30,
	2013			2012			2013			2012
Business unit gross revenue from external clients:
Europe	$	185,743		$	154,111		$	352,452		$	308,068
West Africa	79,488			68,217			158,869			138,671
North America	60,718			57,321			119,300			110,031
Australia	40,466			44,839			84,464			89,341
Other International	32,247			32,139			65,222			65,614
Corporate and other	18,666			9,127			36,015			16,637
Total business unit gross revenue	$	417,328		$	365,754		$	816,322		$	728,362
Intra-business unit gross revenue:
Europe	$	—		$	2		$	—		$	65
West Africa	—			—			—			—
North America	9			54			(7		)	250
Australia	—			—			—			—
Other International	—			—			—			—
Corporate and other	1,210			591			2,073			711
Total intra-business unit gross revenue	$	1,219		$	647		$	2,066		$	1,026
Consolidated gross revenue reconciliation:
Europe	$	185,743		$	154,113		$	352,452		$	308,133
West Africa	79,488			68,217			158,869			138,671
North America	60,727			57,375			119,293			110,281
Australia	40,466			44,839			84,464			89,341
Other International	32,247			32,139			65,222			65,614
Corporate and other	19,876			9,718			38,088			17,348
Intra-business unit eliminations	(1,219		)	(647		)	(2,066		)	(1,026		)
Total consolidated gross revenue	$	417,328		$	365,754		$	816,322		$	728,362

	Three Months Ended   September 30,						Six Months Ended   September 30,
	2013			2012			2013			2012
Earnings from unconsolidated affiliates, net of losses – equity method investments:
Europe (1)	$	873		$	2,368		$	3,913		$	4,374
North America	112			—			104			—
Other International	2,103			4,626			11,043			4,609
Total earnings from unconsolidated affiliates, net of losses – equity method investments	$	3,088		$	6,994		$	15,060		$	8,983
Consolidated operating income (loss) reconciliation:
Europe	$	32,958		$	27,008		$	52,979		$	48,884
West Africa	18,231			13,430			37,484			29,561
North America	9,164			6,130			17,287			12,605
Australia	2,508			6,829			5,788			13,338
Other International	8,654			10,354			27,096			17,741
Corporate and other	(14,516		)	(15,161		)	(25,795		)	(28,231		)
Loss on disposal of assets	(3,064		)	(1,262		)	(4,785		)	(6,577		)
Total consolidated operating income	$	53,935		$	47,328		$	110,054		$	87,321
Depreciation and amortization:
Europe	$	8,206		$	8,444		$	15,454		$	16,008
West Africa	3,435			3,051			6,695			6,193
North America	6,057			3,107			12,196			6,373
Australia	1,908			2,504			3,797			4,987
Other International	3,586			5,300			7,216			9,333
Corporate and other	666			915			1,319			1,799
Total depreciation and amortization	$	23,858		$	23,321		$	46,677		$	44,693

	September 30,   2013		March 31,    2013
Identifiable assets:
Europe	$	933,274	$	808,568
West Africa	425,553		390,402
North America	513,223		527,710
Australia	214,234		245,757
Other International	581,738		589,361
Corporate and other	497,970		388,894
Total identifiable assets (2)	$	3,165,992	$	2,950,692

Investments in unconsolidated affiliates – equity method investments:
Europe (1)	$	—	$	8,569
North America	60,621		60,517
Other International	204,527		196,751
Total investments in unconsolidated affiliates – equity method investments	$	265,148	$	265,837

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⁽¹⁾  On July 14, 2013, we sold our 50% interest in the FB Entities. See Note 2 for further discussion.

⁽²⁾  Includes $336.7 million and $222.8 million, respectively, ofconstruction in progress within property and equipment on our condensed consolidated balance sheets as of September 30 and March 31, 2013, respectively, which primarily represents progress payments on aircraft to be delivered in future periods.