VARIABLE INTEREST ENTITIES AND OTHER INVESTMENTS IN SIGNIFICANT AFFILIATES (TABLES)

12 Months Ended

Mar. 31, 2015

Variable Interest Entities and Other Investments in Significant Affiliates [Abstract]

Noncontrolling Interest Bristow Aviation [Table Text Block]

Changes in the balance for the noncontrolling interest associated with Bristow Aviation are as follows (in thousands):



	Fiscal Year Ended March 31,
	2015			2014			2013
Balance – beginning of fiscal year	$	1,645		$	1,492		$	1,577
Payments to noncontrolling interest shareholders	(59		)	(57		)	(63		)
Noncontrolling interest expense	58			57			60
Currency translation	(187		)	153			(82		)
Balance – end of fiscal year	$	1,457		$	1,645		$	1,492

Primary Beneficiary Variable Interest Balance Sheet [Table Text Block]

Bristow Aviation and its subsidiaries are exposed to similar operational risks and are therefore monitored and evaluated on a similar basis by management. Accordingly, the financial information reflected on our consolidated balance sheets and statements of income for Bristow Aviation and subsidiaries is presented in the aggregate, including intercompany amounts with other consolidated entities, as follows (in thousands):



	March 31,
	2015		2014
Assets
Cash and cash equivalents	$	91,190	$	173,490
Accounts receivable	521,989		311,641
Inventories	100,065		94,288
Prepaid expenses and other current assets	42,659		45,791
Total current assets	755,903		625,210
Investment in unconsolidated affiliates	64		1,414
Property and equipment, net	243,357		217,969
Goodwill	61,242		41,218
Other assets	78,637		45,477
Total assets	$	1,139,203	$	931,288
Liabilities
Accounts payable	$	379,357	$	182,892
Accrued liabilities	154,306		113,820
Accrued interest	1,489,369		1,291,581
Deferred taxes	1,128		3,588
Current maturities of long-term debt	9,643		9,664
Total current liabilities	2,033,803		1,601,545
Long-term debt, less current maturities	168,245		172,391
Accrued pension liabilities	99,576		86,824
Other liabilities and deferred credits	11,948		2,252
Deferred taxes	14,457		13,062
Temporary equity	26,223		22,283
Total liabilities	$	2,354,252	$	1,898,357

Primary Beneficiary Variable Interest Income Statement Items [Table Text Block]



	Fiscal Year Ended March 31,
	2015			2014			2013
Revenue	$	1,512,312		$	1,324,483		$	1,161,988
Operating income	40,524			49,061			58,587
Net loss ⁽¹⁾	(179,757		)	(38,274		)	(115,281		)

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⁽¹⁾	Fiscal year 2014 includes a gain of $67.9 million, after tax, on the sale of the FB Entities as discussed under “Other Significant Affiliates — Unconsolidated — FB Entities” below.

Equity And Cost Method Investments [Table Text Block]

Our percentage ownership and investment balances for the unconsolidated affiliates are as follows:



	March 31,
	2015		2014		2015		2014
					(In thousands)
Cost Method:
PAS	25	%	25	%	$	6,286	$	6,286
Equity Method:
Cougar ⁽¹⁾	40	%	40	%	61,015		61,570
Líder ⁽¹⁾	41.9	%	42.5	%	149,010		193,345
Other					65		1,414
Total					$	216,376	$	262,615

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⁽¹⁾	We had a 25% voting interest in Cougar and under 20% voting interest in Líder as of March 31, 2015 and 2014.

Schedule Of Earnings From Unconsolidated Affiliates [Table Text Block]

Earnings from unconsolidated affiliates were as follows (in thousands):



	Fiscal Year Ended March 31,
	2015			2014		2013
Dividends from entities accounted for under the cost method:
PAS	$	2,068		$	4,043	$	28
Earnings, net of losses, from entities accounted for under the equity method:
Cougar	(710		)	1,053		(736		)
FB Entities ⁽¹⁾	—			3,217		10,517
Líder	(4,236		)	2,898		14,762
Other ⁽²⁾	1,107			1,498		499
	(3,839		)	8,666		25,042
Total	$	(1,771	)	$	12,709	$	25,070

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⁽¹⁾	We sold our 50% interest in the FB entities in July 2013.


⁽²⁾	We sold our 50% interest in HCA in November 2014.

Schedule Of Combined Financial Information For Unconsolidated Affiliates [Table Text Block]

A summary of combined financial information of our unconsolidated affiliates accounted for under the equity method is set forth below (in thousands):



	March 31,
	2015		2014
	(Unaudited)
Current assets	$	200,979	$	216,345
Non-current assets	384,438		440,470
Total assets	$	585,417	$	656,815
Current liabilities	$	189,251	$	171,604
Non-current liabilities	255,318		274,907
Equity	140,848		210,304
Total liabilities and equity	$	585,417	$	656,815



	Fiscal Year Ended March 31,
	2015		2014		2013
	(Unaudited)
Revenue	$	499,692	$	632,832	$	578,175
Gross profit	$	99,127	$	132,760	$	126,007
Net income (loss)	$	559	$	21,728	$	57,712