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SEGMENT INFORMATION
9 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment information
SEGMENT INFORMATION
We conduct our business in one segment: Industrial Aviation Services. The Industrial Aviation Services global operations are conducted primarily through 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 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. Additionally, we operate a training unit, Bristow Academy, which is included in Corporate and other.
The following tables show region information for the three and nine months ended December 31, 2016 and 2015 and as of December 31 and March 31, 2016, where applicable, reconciled to consolidated totals, and prepared on the same basis as our condensed consolidated financial statements (in thousands):
 
 
Three Months Ended 
 December 31,
 
Nine Months Ended 
 December 31,
 
 
2016
 
2015
 
2016
 
2015
Region gross revenue from external clients:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
179,632

 
$
208,852

 
$
566,290

 
$
657,299

Africa
 
50,516

 
63,287

 
156,422

 
207,501

Americas
 
52,362

 
70,826

 
166,651

 
219,284

Asia Pacific
 
52,857

 
73,598

 
167,256

 
232,677

Corporate and other
 
2,076

 
3,324

 
7,689

 
17,033

Total region gross revenue
 
$
337,443

 
$
419,887

 
$
1,064,308

 
$
1,333,794

Intra-region gross revenue:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
1,278

 
$
302

 
$
5,308

 
$
1,379

Africa
 

 

 

 
2

Americas
 
977

 
1,406

 
2,939

 
6,778

Asia Pacific
 

 

 
1

 
2

Corporate and other
 
38

 
400

 
317

 
1,844

Total intra-region gross revenue
 
$
2,293

 
$
2,108

 
$
8,565

 
$
10,005

Consolidated gross revenue reconciliation:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
180,910

 
$
209,154

 
$
571,598

 
$
658,678

Africa
 
50,516

 
63,287

 
156,422

 
207,503

Americas
 
53,339

 
72,232

 
169,590

 
226,062

Asia Pacific
 
52,857

 
73,598

 
167,257

 
232,679

Corporate and other
 
2,114

 
3,724

 
8,006

 
18,877

Intra-region eliminations
 
(2,293
)
 
(2,108
)
 
(8,565
)
 
(10,005
)
Total consolidated gross revenue
 
$
337,443

 
$
419,887

 
$
1,064,308

 
$
1,333,794




 
 
Three Months Ended 
 December 31,
 
Nine Months Ended 
 December 31,
 
 
2016
 
2015
 
2016
 
2015
Earnings from unconsolidated affiliates, net of losses – equity method investments:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
125

 
$
93

 
$
241

 
$
345

Americas
 
831

 
7,556

 
4,954

 
(1,760
)
Corporate and other
 
(190
)
 

 
(461
)
 

Total earnings (loss) from unconsolidated affiliates, net of losses – equity method investments
 
$
766

 
$
7,649

 
$
4,734

 
$
(1,415
)
 
 
 
 
 
 
 
 
 
Consolidated operating income (loss) reconciliation:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
(303
)
 
$
26,986

 
$
18,468

 
$
56,243

Africa
 
10,441

 
4,377

 
19,954

 
24,903

Americas
 
2,226

 
22,797

 
5,790

 
30,283

Asia Pacific
 
(9,012
)
 
458

 
(24,480
)
 
4,783

Corporate and other
 
(21,575
)
 
(30,387
)
 
(78,869
)
 
(95,278
)
Loss on disposal of assets
 
(874
)
 
(2,154
)
 
(13,077
)
 
(23,856
)
Total consolidated operating income (loss)
 
$
(19,097
)
 
$
22,077

 
$
(72,214
)
 
$
(2,922
)
 
 
 
 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
11,185

 
$
8,912

 
$
33,594

 
$
29,889

Africa
 
4,007

 
8,581

 
12,680

 
24,274

Americas
 
7,060

 
7,797

 
25,669

 
28,523

Asia Pacific
 
4,973

 
4,268

 
13,586

 
17,445

Corporate and other
 
2,543

 
2,762

 
7,525

 
6,722

Total depreciation and amortization (1)
 
$
29,768

 
$
32,320

 
$
93,054

 
$
106,853

 
 
 
December 31, 
 2016
 
March 31,  
 2016
Identifiable assets:
 
 
 
 
Europe Caspian
 
$
981,364

 
$
1,067,647

Africa
 
424,590

 
304,081

Americas
 
840,101

 
884,455

Asia Pacific
 
394,544

 
426,677

Corporate and other
 
490,510

 
580,085

Total identifiable assets (2)
 
$
3,131,109

 
$
3,262,945

Investments in unconsolidated affiliates – equity method investments:
 
 
 
 
Europe Caspian
 
$
214

 
$
298

Americas
 
196,935

 
183,990

Corporate and other
 
3,362

 
4,378

Total investments in unconsolidated affiliates – equity method investments
 
$
200,511

 
$
188,666


_____________ 
(1) 
Includes accelerated depreciation expense of $1.1 million during the three months ended December 31, 2016 related to aircraft where management made the decision to exit these model types earlier than originally anticipated in our Africa region. Includes accelerated depreciation expense of $5.0 million during the three months ended December 31, 2015 related to aircraft where management made the decision to exit these model types earlier than originally anticipated in our Africa region. Includes accelerated depreciation expense of $9.3 million during the nine months ended December 31, 2016 related to aircraft where management made the decision to exit these model types earlier than originally anticipated in our Europe, Americas and Africa regions of $0.4 million, $3.9 million and $5.0 million, respectively. Includes accelerated depreciation expense of $22.4 million during nine months ended December 31, 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 $4.5 million, $11.6 million and $6.3 million, respectively. For further details, see Note 1.
(2) 
Includes $228.8 million and $307.4 million of construction in progress within property and equipment on our condensed consolidated balance sheets as of December 31 and March 31, 2016, respectively, which primarily represents progress payments on aircraft to be delivered in future periods.