BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Dec. 31, 2016

Basis Of Presentation, Consolidation And Summary Of Significant Accounting Policies [Abstract]

Schedule of foreign exchange rate

The value of these currencies has fluctuated relative to the U.S. dollar as indicated in the following table:

	Three Months Ended   December 31,		Nine Months Ended   December 31,
	2016	2015	2016	2015
One British pound sterling into U.S. dollars
High	1.30	1.55	1.48	1.59
Average	1.24	1.52	1.33	1.53
Low	1.21	1.47	1.21	1.46
At period-end	1.24	1.47	1.24	1.47
One euro into U.S. dollars
High	1.12	1.14	1.15	1.16
Average	1.08	1.10	1.11	1.10
Low	1.04	1.06	1.04	1.06
At period-end	1.05	1.09	1.05	1.09
One Australian dollar into U.S. dollars
High	0.77	0.74	0.78	0.81
Average	0.75	0.72	0.75	0.74
Low	0.72	0.70	0.72	0.69
At period-end	0.72	0.73	0.72	0.73
One Norwegian kroner into U.S. dollars
High	0.1253	0.1240	0.1253	0.1367
Average	0.1193	0.1174	0.1202	0.1227
Low	0.1145	0.1130	0.1145	0.1130
At period-end	0.1162	0.1130	0.1162	0.1130
One Nigerian naira into U.S. dollars
High	0.0032	0.0050	0.0050	0.0050
Average	0.0032	0.0050	0.0037	0.0050
Low	0.0031	0.0050	0.0029	0.0050
At period-end	0.0032	0.0050	0.0032	0.0050

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Source: Bank of England, FactSet and Oanda.com

The value of the Brazilian real has fluctuated relative to the U.S. dollar as indicated in the following table:

	Three Months Ended   December 31,		Nine Months Ended   December 31,
	2016	2015	2016	2015
One Brazilian real into U.S. dollars
High	0.3207	0.2694	0.3207	0.3437
Average	0.3032	0.2602	0.2988	0.2899
Low	0.2866	0.2479	0.2702	0.2378
At period-end	0.3073	0.2528	0.3073	0.2528

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Source: FactSet and Oanda.com

Schedule of foreign exchange impact

We estimate that the fluctuation of currencies versus the same period in the prior fiscal year had the following effect on our financial condition and results of operations (in thousands):

	Three Months Ended   December 31, 2016			Nine Months Ended   December 31, 2016
Revenue	$	(25,785	)	$	(63,817	)
Operating expense	22,564			59,035
Earnings from unconsolidated affiliates, net of losses	(2,197		)	14,655
Non-operating expense	1,022			5,191
Income (loss) before benefit (provision) for income taxes	(4,396		)	15,064
Benefit (provision) for income taxes	557			(5,470		)
Net income (loss)	(3,839		)	9,594
Cumulative translation adjustment	(19,583		)	(37,122		)
Total stockholders’ investment	$	(23,422	)	$	(27,528	)

Schedule of interest income and interest expense

During the three and nine months endedDecember 31, 2016 and 2015, interest expense, net consisted of the following (in thousands):

	Three Months Ended   December 31,						Nine Months Ended   December 31,
	2016			2015			2016			2015
Interest income	$	168		$	181		$	637		$	619
Interest expense	(12,347		)	(9,717		)	(35,170		)	(25,003		)
Interest expense, net	$	(12,179	)	$	(9,536	)	$	(34,533	)	$	(24,384	)

Schedule of goodwill

Goodwill as of December 31 and March 31, 2016 related to our reporting units was as follows (in thousands):

	Europe Caspian			Asia Pacific			Total
March 31, 2016	$	10,026		$	19,964		$	29,990
Impairments	(8,706		)	—			(8,706		)
Foreign currency translation	(1,320		)	(1,171		)	(2,491		)
December 31, 2016	$	—		$	18,793		$	18,793

Accumulated goodwill impairment of $50.9 million and $42.2 million as of December 31 and March 31, 2016 related to our reporting units were as follows (in thousands):

	Europe Caspian			Africa			Corporate and other			Americas			Total
March 31, 2016	$	(25,177	)	$	(6,179	)	$	(10,223	)	$	(576	)	$	(42,155	)
Impairments	(8,706		)	—			—			—			(8,706		)
December 31, 2016	$	(33,883	)	$	(6,179	)	$	(10,223	)	$	(576	)	$	(50,861	)

Schedule of other intangible assets

Intangible assets by type were as follows (in thousands):

	Client contracts			Client relationships			Trade name and trademarks			Internally developed software			Licenses			Total
	Gross Carrying Amount
March 31, 2016	$	8,170		$	12,779		$	5,008		$	1,149		$	752		$	27,858
Foreign currency translation	(6		)	(122		)	(584		)	(94		)	(6		)	(812		)
December 31, 2016	$	8,164		$	12,657		$	4,424		$	1,055		$	746		$	27,046
	Accumulated Amortization
March 31, 2016	$	(8,062	)	$	(10,600	)	$	(636	)	$	(480	)	$	(601	)	$	(20,379	)
Amortization expense	(82		)	(353		)	(202		)	(152		)	(42		)	(831		)
December 31, 2016	$	(8,144	)	$	(10,953	)	$	(838	)	$	(632	)	$	(643	)	$	(21,210	)
Weighted average remaining contractual life, in years	0.1			3.4			8.9			1.4			1.2			4.1

Future amortization expense of intangible assets for each of the years ending March 31 are as follows (in thousands):

2017	$	209
2018	825
2019	704
2020	433
2021	433
Thereafter	3,232
	$	5,836

Schedule of capital expenditures

During the three and nine months endedDecember 31, 2016 and 2015, we made capital expenditures as follows:

	Three Months Ended   December 31,				Nine Months Ended   December 31,
	2016		2015		2016		2015
Number of aircraft delivered:
Medium	—		—		5		1
Large	—		2		—		2
SAR aircraft	1		6		2		8
Total aircraft	1		8		7		11
Capital expenditures (in thousands):
Aircraft and related equipment (1)	$	17,196	$	165,394	$	112,770	$	276,547
Other	664		30,982		6,956		66,818
Total capital expenditures	$	17,860	$	196,376	$	119,726	$	343,365

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⁽¹⁾  During the three months ended December 31, 2015, we spent $136.8 million and during the nine months endedDecember 31, 2016 and 2015, we spent $66.8 million and $201.1 million, respectively, on progress payments for aircraft to be delivered in future periods. We did not make any progress payments for aircraft to be delivered in future periods for the three months ended December 31, 2016.

Schedule of aircraft sales and impairments

The following table presents details on the aircraft sold or disposed of and impairments on assets held for sale during the three and nine months endedDecember 31, 2016 and 2015:

	Three Months Ended   December 31,				Nine Months Ended   December 31,
	2016		2015		2016		2015
	(In thousands, except for number of aircraft)
Number of aircraft sold or disposed of	3		3		9		16
Proceeds from sale or disposal of assets	$	2,525	$	3,045	$	14,344	$	19,152
Loss from sale or disposal of assets (1)	$	674	$	2,154	$	1,717	$	1,825
Number of aircraft impaired	1		—		13		11
Impairment charges on aircraft held for sale (1)	$	200	$	—	$	11,360	$	22,031

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⁽¹⁾  Included in gain (loss) on disposal of assets on our condensed consolidated statements of operations.