SEGMENT INFORMATION

3 Months Ended

Jun. 30, 2015

Segments [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We conduct our business in one segment: Helicopter Services. Effective April 1, 2015, we reorganized our Helicopter Services global operations from five business units to four regions as follows: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region comprises all our operations and affiliates in Europe and Central Asia, including Norway, the U.K. and Turkmenistan. The Africa region comprises all our operations and affiliates on the African continent, including Nigeria, Tanzania and Egypt. The Americas region comprises all our operations and affiliates in North America and South America, including Brazil, Canada, Trinidad and the U.S. Gulf of Mexico. The Asia Pacific region comprises all our operations and affiliates in Australia and Southeast Asia, including Malaysia and Sakhalin. Amounts presented below for the three months ended June 30, 2014 and as of March 31, 2015 have been restated to conform to current period presentation. Additionally, we operate a training unit, Bristow Academy, which is included in Corporate and other.

The following shows region information for the three months endedJune 30, 2015 and 2014 and as of June 30 and March 31, 2015, where applicable, reconciled to consolidated totals, and prepared on the same basis as our condensed consolidated financial statements (in thousands):

	Three Months Ended   June 30,
	2015			2014
Regional gross revenue from external clients:
Europe Caspian	$	222,949		$	230,256
Africa	78,915			87,470
Americas	76,600			86,354
Asia Pacific	80,388			59,556
Corporate and other	8,144			8,902
Total regional gross revenue	$	466,996		$	472,538
Intra-region gross revenue:
Europe Caspian	$	392		$	3,395
Africa	—			—
Americas	3,652			3,514
Asia Pacific	—			—
Corporate and other	783			643
Total intra-region gross revenue	$	4,827		$	7,552
Consolidated gross revenue reconciliation:
Europe Caspian	$	223,341		$	233,651
Africa	78,915			87,470
Americas	80,252			89,868
Asia Pacific	80,388			59,556
Corporate and other	8,927			9,545
Intra-region eliminations	(4,827		)	(7,552		)
Total consolidated gross revenue	$	466,996		$	472,538

	Three Months Ended   June 30,
	2015			2014
Earnings from unconsolidated affiliates, net of losses – equity method investments:
Europe Caspian	$	99		$	372
Americas	6,197			3,909
Total earnings from unconsolidated affiliates, net of losses – equity method investments	$	6,296		$	4,281
Consolidated operating income (loss) reconciliation:
Europe Caspian	$	14,197		$	42,195
Africa	12,952			17,626
Americas	16,532			26,658
Asia Pacific	(688		)	3,330
Corporate and other	(30,464		)	(25,227		)
Gain (loss) on disposal of assets	(7,695		)	610
Total consolidated operating income	$	4,834		$	65,192
Depreciation and amortization:
Europe Caspian	$	10,782		$	9,747
Africa	5,884			3,963
Americas	10,156			7,189
Asia Pacific	8,319			4,240
Corporate and other	2,005			195
Total depreciation and amortization (1)	$	37,146		$	25,334

	June 30,   2015		March 31,    2015
Identifiable assets:
Europe Caspian	$	1,194,126	$	972,163
Africa	425,913		484,514
Americas	900,638		966,538
Asia Pacific	373,765		401,973
Corporate and other	348,249		405,532
Total identifiable assets (2)	$	3,242,691	$	3,230,720

Investments in unconsolidated affiliates – equity method investments:
Europe Caspian	$	183	$	65
Americas	216,763		210,025
Total investments in unconsolidated affiliates – equity method investments	$	216,946	$	210,090

_____________ 

⁽¹⁾  Includes accelerated depreciation expense of $10.5 million during the three months ended June 30, 2015 related to aircraft where management made the decision to exit these model types earlier than originally anticipated in our Americas, Africa and Asia Pacific regions of $2.9 million, $2.3 million and $5.3 million, respectively. For further details, see Note 1.

⁽²⁾  Includes $252.9 million and $306.0 million ofconstruction in progress within property and equipment on our condensed consolidated balance sheets as of June 30 and March 31, 2015, respectively, which primarily represents progress payments on aircraft to be delivered in future periods.