SEGMENT INFORMATION

12 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We conduct our business in one segment: Industrial Aviation Services. The Industrial Aviation Services segment 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, Tanzania and Egypt. The Americas region comprises all our operations and affiliates in North America and South America, including Brazil, Canada, Guyana, Suriname, 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 fiscal years 2017, 2016 and 2015, and as of March 31, 2017 and 2016, where applicable, reconciled to consolidated totals, and prepared on the same basis as our consolidated financial statements (in thousands):

	Fiscal Year Ended March 31,
	2017			2016			2015
Region gross revenue from external clients:
Europe Caspian	$	734,344		$	858,144		$	883,992
Africa	204,522			255,254			347,272
Americas	217,500			283,565			346,085
Asia Pacific	233,902			296,840			257,351
Corporate and other	10,234			21,710			23,969
Total region gross revenue	$	1,400,502		$	1,715,513		$	1,858,669
Intra-region gross revenue:
Europe Caspian	$	6,722		$	5,708		$	7,444
Africa	—			2			—
Americas	4,465			7,834			6,003
Asia Pacific	1			2			254
Corporate and other	332			2,209			3,048
Total intra-region gross revenue	$	11,520		$	15,755		$	16,749
Consolidated gross revenue reconciliation:
Europe Caspian	$	741,066		$	863,852		$	891,436
Africa	204,522			255,256			347,272
Americas	221,965			291,399			352,088
Asia Pacific	233,903			296,842			257,605
Corporate and other	10,566			23,919			27,017
Intra-region eliminations	(11,520		)	(15,755		)	(16,749		)
Total consolidated gross revenue	$	1,400,502		$	1,715,513		$	1,858,669

	Fiscal Year Ended March 31,
	2017			2016			2015
Earnings from unconsolidated affiliates, net of losses – equity method investments:
Europe Caspian (1)	$	273		$	310		$	1,107
Americas	5,207			(2,117		)	(4,946		)
Corporate and other	(603		)	—			—
Total earnings (loss) from unconsolidated affiliates, net of losses – equity method investments	$	4,877		$	(1,807	)	$	(3,839	)
Consolidated operating income (loss) reconciliation:
Europe Caspian	$	13,840		$	50,406		$	128,543
Africa	30,179			19,702			91,758
Americas	4,224			34,463			79,176
Asia Pacific	(20,870		)	4,073			12,455
Corporate and other	(104,616		)	(118,796		)	(130,209		)
Gain (loss) on disposal of assets	(14,499		)	(30,693		)	(35,849		)
Total consolidated operating income (loss)	$	(91,742	)	$	(40,845	)	$	145,874
Capital expenditures:
Europe Caspian	$	44,024		$	127,072		$	192,689
Africa	4,575			1,386			1,330
Americas	8,275			92,418			124,854
Asia Pacific	15,086			23,745			23,077
Corporate and other (2)	63,150			127,754			259,884
Total capital expenditures	$	135,110		$	372,375		$	601,834
Depreciation and amortization:
Europe Caspian	$	39,511		$	41,509		$	37,830
Africa	16,664			29,337			17,333
Americas	32,727			36,371			34,617
Asia Pacific	19,091			20,526			23,450
Corporate and other	10,755			9,069			1,063
Total depreciation and amortization (3)	$	118,748		$	136,812		$	114,293

	March 31,
	2017		2016
Identifiable assets:
Europe Caspian	$	1,091,536	$	1,067,647
Africa	325,719		304,081
Americas	809,071		884,455
Asia Pacific	433,614		426,677
Corporate and other (4)	453,907		580,085
Total identifiable assets	$	3,113,847	$	3,262,945

	March 31,
	2017		2016
Investments in unconsolidated affiliates – equity method investments:
Europe Caspian	$	257	$	298
Americas	200,362		183,990
Corporate and other	3,257		4,378
Total investments in unconsolidated affiliates – equity method investments	$	203,876	$	188,666

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⁽¹⁾  On November 21, 2014, we sold our 50% interest in HCA. See Note 3 for details on the sale of HCA.

⁽²⁾  Includes $39.5 million, $84.8 million and $232.3 million of construction in progress payments that were not allocated to business units in fiscal years 2017, 2016 and 2015, respectively.

⁽³⁾  Includes accelerated depreciation expense of $10.4 million during fiscal year 2017 related to aircraft where management made the decision to exit certain model types earlier than originally anticipated in our Europe Caspian, Americas and Africa regions of $0.5 million, $3.9 million and $6.0 million, respectively. We recorded accelerated depreciation expense of $28.7 million during fiscal year 2016 related to aircraft where management made the decision to exit certain model types earlier than originally anticipated in our Europe Caspian, Americas, Africa and Asia Pacific regions of $0.6 million, $6.0 million, $16.8 million and $5.3 million, respectively. We recorded accelerated depreciation expense of $10.4 million during fiscal year 2015 related to aircraft where management made the decision to exit certain model types earlier than originally anticipated in our Americas, Africa and Asia Pacific regions of $2.5 million, $1.9 million and $6.0 million. For further details, see Note 4.

⁽⁴⁾  Includes $199.3 million and $307.4 million of construction in progress within property and equipment on our consolidated balance sheets as of March 31, 2017 and 2016, respectively, which primarily represents progress payments on aircraft and facilities under construction to be delivered in future periods.

We attribute revenue to various countries based on the location where services are actually performed. Long-lived assets consist primarily of helicopters and fixed wing aircraft and are attributed to various countries based on the physical location of the asset at a given fiscal year-end. Information by geographic area is as follows (in thousands):    

	Fiscal Year Ended March 31,
	2017		2016		2015
Gross revenue:
United Kingdom	$	510,796	$	587,493	$	616,191
Norway	218,848		225,807		266,186
Australia	216,562		272,407		228,774
Nigeria	204,521		246,449		327,164
United States	87,234		158,901		222,661
Canada	61,877		61,257		61,713
Trinidad	57,531		55,423		59,073
Falkland Islands	1,935		44,724		9,172
Other countries	41,198		63,052		67,735
	$	1,400,502	$	1,715,513	$	1,858,669

	March 31,
	2017		2016
Long-lived assets:
United Kingdom	$	600,948	$	577,810
Australia	317,944		305,933
United States	298,804		292,324
Norway	268,892		171,948
Nigeria	228,863		184,440
Canada	204,842		180,665
Trinidad	118,058		113,768
Other countries	16,738		149,004
Construction in progress primarily attributable to aircraft (1)	199,275		307,360
	$	2,254,364	$	2,283,252

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⁽¹⁾  These costs have been disclosed separately as the physical location where the aircraft will ultimately be operated is subject to change.

During fiscal year 2017, we conducted operations in over 10 countries. Due to the nature of our principal assets, aircraft are regularly and routinely moved between operating areas (both domestic and foreign) to meet changes in market and operating conditions. During fiscal years 2017, 2016 and 2015, the aggregate activities of one major integrated oil and gas company accounted for 9%, 11% and 12%, respectively, of our consolidated gross revenue. One other client accounted for 10% or more of our consolidated gross revenue during fiscal years 2017 and 2016. During fiscal year 2017, our top ten clients accounted for 63% of consolidated gross revenue.