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SEGMENT INFORMATION (Tables)
3 Months Ended
Jun. 30, 2015
Segments [Abstract]  
Schedule of revenue by segment
The following shows region information for the three months ended June 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

Schedule of earnings from unconsolidated affiliates - equity method investments
 
 
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

Schedule of consolidated operating income loss
 
 
Three Months Ended 
 June 30,
 
 
2015
 
2014
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

Schedule of depreciation and amortization
 
 
Three Months Ended 
 June 30,
 
 
2015
 
2014
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
 
37,146

 
25,334


_____________ 
(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.
Schedule of identifiable assets

 
 
 
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

(2) 
Includes $252.9 million and $306.0 million of construction 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.
Schedule of unconsolidated affiliates - equity method investments
 
 
 
June 30, 
 2015
 
March 31,  
 2015
 
 
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