SEGMENT INFORMATION (Tables)

9 Months Ended

Dec. 31, 2016

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

Schedule of consolidated operating income (loss)



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 loss	$	(19,097	)	$	22,077		$	(72,214	)	$	(2,922	)

Schedule of depreciation and amortization



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

_____________

⁽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.

Schedule of identifiable assets



	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

_____________


⁽¹⁾	Includes $228.8 million and $307.4 million ofconstruction 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.

Schedule of equity method investments



	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 from unconsolidated affiliates, net of losses – equity method investments	$	766		$	7,649	$	4,734		$	(1,415	)



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