XML 72 R49.htm IDEA: XBRL DOCUMENT v2.4.0.8
TAXES (Details) (USD $)
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]      
Domestic $ (14,357,000) $ 2,472,000 $ (1,100,000)
Foreign 259,348,000 164,205,000 80,542,000
Income before provision for income taxes 244,991,000 166,677,000 79,442,000
Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Current domestic provision for income taxes 36,872,000 1,638,000 27,000
Current foreign provision for income taxes 33,939,000 26,275,000 23,059,000
Current provision for income taxes total 70,811,000 27,913,000 23,086,000
Deferred domestic provision for income taxes (6,646,000) 1,619,000 1,658,000
Deferred foreign provision for income taxes (6,953,000) 5,470,000 (10,543,000)
Deferred Income Tax Expense (Benefit), Total (13,599,000) 7,089,000 (8,885,000)
Income Tax Expense (Benefit) 57,212,000 35,002,000 14,201,000
Effective Income Tax Rate Reconciliation, Tax Contingency, Percent [Abstract]      
Statutory rate 35.00% 35.00% 35.00%
Net foreign taxes on non-U.S. earnings 11.80% 14.40% 20.40%
Change in Valuation Allowance 1.80% 0.00% 0.00%
Foreign earnings indefinitely reinvested abroad (18.90%) (28.40%) (26.30%)
Foreign earnings that are currently taxed in the U.S. 4.10% 4.60% 5.90%
Effect of reduction in U.K. corporate income tax rate (1.20%) (1.70%) (2.30%)
Dividend inclusion 1.10% 0.00% 16.60%
Benefit of prior year foreign tax credits 0.00% 0.00% (5.30%)
Benefit of current year foreign tax credits (5.20%) (5.50%) (9.80%)
Tax reserve release (0.70%) 0.00% (7.70%)
Other, net (4.40%) 2.60% (8.60%)
Effective Tax Rate Total 23.40% 21.00% 17.90%
Components of Deferred Tax Assets and Liabilities [Line Items]      
Deferred tax assets - foreign tax credits 17,628,000 10,483,000  
Deferred Tax Assets, Net operating loss 15,627,000 0  
Deferred tax assets - accrued pension liability 18,531,000 29,951,000  
Deferred tax assets - maintenance and repair 12,674,000 10,291,000  
Deferred tax assets - equity compensation 11,627,000 11,607,000  
Deferred tax assets - deferred revenues 2,124,000 2,212,000  
Deferred tax assets - employee award programs 6,289,000 4,237,000  
Deferred tax assets - employee payroll accruals 4,845,000 4,494,000  
Deferred tax assets - other 3,188,000 6,348,000  
Deferred Tax Assets, Valuation Allowance (6,896,000) 0  
Total deferred tax assets 85,637,000 79,623,000  
Deferred Tax Liabilities- property and equipment (205,104,000) (189,482,000)  
Deferred Tax Liabilities- inventories (6,956,000) (11,068,000)  
Deferred Tax Liabilities- investments in unconsolidated affiliates (8,985,000) (11,681,000)  
Deferred tax liabilities - employee programs (1,895,000) 0  
Deferred Tax Liabilities- other (9,195,000) (6,912,000)  
Total deferred tax liabilities (232,135,000) (219,143,000)  
Net deferred tax liabilities (146,498,000) (139,520,000)  
Dividend inclusion as a result of internal realignment     13,200,000
Foreign Tax Credits     11,500,000
Decrease in Tax Reserve Foreign Ruling     12,600,000
UK Corporate Tax Rate Benefit 2,900,000 2,900,000 1,800,000
Number of aircraft involved in intercompany leasing transaction 11    
Remaining Useful Life of an intercompany leasing transaction 13 years    
Tax Benefit from intercompany leasing transaction 2,900,000 2,900,000 2,900,000
Unrecognized Tax Benefits Period Increase Decrease (1,500,000) 100,000 (10,400,000)
Interest and Penalties 100,000 100,000 200,000
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Unrecognized Tax Benefits- beginning balance 1,710,000 1,523,000  
Increase in Tax Reserve 129,000 348,000  
Decrease in Tax Reserve (1,434,000) (161,000)  
Decrease Resulting from Settlements with Taxing Authorities (218,000) 0  
Unrecognized Tax Benefits- ending balance 187,000 1,710,000 1,523,000
Unremitted foreign earnings reinvested abroad 679,300,000 553,800,000  
Tax benefit attributable to options exercised 5,700,000 500,000 400,000
Income Taxes Paid 59,100,000 24,100,000 19,000,000
UNITED STATES
     
Components of Deferred Tax Assets and Liabilities [Line Items]      
Open tax years by jurisdiction 2012    
U.K.
     
Components of Deferred Tax Assets and Liabilities [Line Items]      
Open tax years by jurisdiction 2012    
NIGERIA
     
Components of Deferred Tax Assets and Liabilities [Line Items]      
Open tax years by jurisdiction 2005    
TRINIDAD
     
Components of Deferred Tax Assets and Liabilities [Line Items]      
Open tax years by jurisdiction 2005    
Year 2021 [Member]
     
Components of Deferred Tax Assets and Liabilities [Line Items]      
Deferred tax assets - foreign tax credits 6,600,000    
Year 2022 [Member]
     
Components of Deferred Tax Assets and Liabilities [Line Items]      
Deferred tax assets - foreign tax credits 3,900,000    
Year 2023 [Member]
     
Components of Deferred Tax Assets and Liabilities [Line Items]      
Deferred tax assets - foreign tax credits 200,000    
Year 2024 [Member]
     
Components of Deferred Tax Assets and Liabilities [Line Items]      
Deferred tax assets - foreign tax credits $ 6,900,000