XML 63 R47.htm IDEA: XBRL DOCUMENT v3.4.0.3
TAXES (Details)
$ in Thousands
12 Months Ended
Mar. 31, 2016
USD ($)
aircraft
Mar. 31, 2015
USD ($)
Mar. 31, 2014
USD ($)
Nov. 01, 2015
Jan. 29, 2015
Feb. 06, 2014
Components of Deferred Tax Assets and Liabilities [Line Items]            
Goodwill, Impairment Loss $ 41,579 $ 0        
Foreign tax credit carryback, maximum, period 1 year          
Foreign tax credit carryforward, maximum, period 10 years          
Deferred tax assets, valuation allowance $ 29,373 11,700        
Increase (decrease) in valuation allowance 17,700          
Effective Income Tax Rate Reconciliation, Foreign Tax Change In Lieu Of Foreign Tax Credits $ 2,100          
UK corporate tax rate benefit     $ 2,900      
Number of aircraft involved in intercompany leasing transaction | aircraft 11          
Remaining useful life of an intercompany leasing transaction 13 years          
Tax benefit from intercompany leasing transaction $ 2,800 2,900 2,900      
Unrecognized tax benefits period increase decrease 400 500 (1,500)      
Interest and penalties 300 400 100      
Unremitted foreign earnings reinvested abroad 832,100 805,300        
Tax benefit attributable to options exercised 0 1,600 5,700      
Income taxes paid 28,000 34,800 59,100      
Deferred tax assets:            
Deferred tax assets - foreign tax credits 41,140 31,134        
Deferred tax assets, net operating loss 28,695 17,487        
Deferred tax assets - accrued pension liability 13,266 21,657        
Deferred tax assets - accrued equity compensation 17,092 12,728        
Deferred tax assets - deferred revenues 1,749 2,156        
Deferred tax assets - employee award programs 5,098 7,515        
Deferred tax assets - employee payroll accruals 5,099 5,118        
Deferred tax assets, inventories 3,305 5,259        
Deferred tax assets, investment in unconsolidated affiliates 10,863 6,539        
Deferred tax assets - other 4,903 4,790        
Deferred tax assets, valuation allowance (29,373) (11,700)        
Total deferred tax assets 101,837 102,683        
Deferred tax liabilities:            
Deferred tax liabilities- property and equipment (202,388) (207,395)        
Deferred tax liabilities- inventories (799) (196)        
Deferred tax liabilities- investments in unconsolidated affiliates (38) 0        
Deferred tax liabilities - employee programs (1,360) (1,564)        
Deferred tax liabilities- other (3,390) (8,378)        
Total deferred tax liabilities (207,975) (217,533)        
Net deferred tax liabilities (106,138) (114,850)        
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]            
Domestic (115,277) (40,602) (14,357)      
Foreign 36,046 152,075 259,348      
Income (loss) before provision for income taxes (79,231) 111,473 244,991      
Effective income tax rate reconciliation, amount            
Current domestic provision for income taxes (29,907) 4 36,872      
Current foreign provision for income taxes 27,317 34,822 33,939      
Current provision for income taxes total (2,590) 34,826 70,811      
Deferred domestic provision for income taxes (4,483) (11,358) (6,646)      
Deferred foreign provision for income taxes 4,991 (702) (6,953)      
Deferred Income Tax Expense (Benefit), Total 508 (12,060) (13,599)      
Income Tax Expense (Benefit) $ (2,082) $ 22,766 $ 57,212      
Effective income tax rate reconciliation, tax contingency, percent            
Statutory rate 35.00% 35.00% 35.00%      
Net foreign taxes on non-U.S. earnings (8.40%) 26.30% 11.80%      
Benefit of foreign tax deductions in the U.S. 2.60% 0.00% 0.00%      
Foreign earnings indefinitely reinvested abroad 15.90% (47.00%) (18.90%)      
Change in valuation allowance (25.30%) 4.00% 1.80%      
Foreign earnings that are currently taxed in the U.S. (7.90%) 8.70% 4.10%      
Effect of reduction in U.K. corporate income tax rate 1.10% 0.00% (1.20%)      
Dividend inclusion as a result of internal realignment 0.00% 0.00% 1.10%      
Goodwill impairment (11.80%) 0.00% 0.00%      
Benefit of current year foreign tax credits 0.00% (11.30%) (5.20%)      
Tax reserve release 0.20% (0.10%) (0.70%)      
Other, net 1.20% 4.80% (4.40%)      
Effective Tax Rate Total 2.60% 20.40% 23.40%      
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]            
Unrecognized tax benefits- beginning balance $ 4,904 $ 4,380        
Pre-acquisition tax liability (4,193) 0        
Increase for tax positions taken in prior years 898 591        
Decreases for tax positions taken in prior years (188) 0        
Decrease related to settlements with authorities (328) (67)        
Unrecognized tax benefits- ending balance $ 1,093 $ 4,904 $ 4,380      
United States            
Components of Deferred Tax Assets and Liabilities [Line Items]            
Open tax years by jurisdiction 2013          
U.K.            
Components of Deferred Tax Assets and Liabilities [Line Items]            
Open tax years by jurisdiction 2014          
Nigeria            
Components of Deferred Tax Assets and Liabilities [Line Items]            
Open tax years by jurisdiction 2009          
Trinidad            
Components of Deferred Tax Assets and Liabilities [Line Items]            
Open tax years by jurisdiction 2005          
Australia            
Components of Deferred Tax Assets and Liabilities [Line Items]            
Open tax years by jurisdiction 2012          
Year 2021            
Deferred tax assets:            
Deferred tax assets - foreign tax credits $ 6,600          
Year 2022            
Deferred tax assets:            
Deferred tax assets - foreign tax credits 3,900          
Year 2023            
Deferred tax assets:            
Deferred tax assets - foreign tax credits 200          
Year 2024            
Deferred tax assets:            
Deferred tax assets - foreign tax credits 15,600          
Year 2025            
Deferred tax assets:            
Deferred tax assets - foreign tax credits 14,800          
Valuation Allowance of Deferred Tax Assets            
Components of Deferred Tax Assets and Liabilities [Line Items]            
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount (20,100)          
Valuation Allowance Of Deferred Tax Assets Rate Reduction            
Components of Deferred Tax Assets and Liabilities [Line Items]            
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount 900          
Domestic tax authority            
Components of Deferred Tax Assets and Liabilities [Line Items]            
Net operating loss 127,500          
Eastern Airways            
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]            
Business acquisition, percentage of voting interests acquired           60.00%
Pre-acquisition tax liability     $ (4,193)      
Airnorth            
Components of Deferred Tax Assets and Liabilities [Line Items]            
Additional paid-in capital changes, tax portion $ 2,400          
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]            
Business acquisition, percentage of voting interests acquired       15.00% 85.00%