XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Gross revenue:        
Operating revenue from non-affiliates $ 340,593 $ 325,315 $ 662,711 $ 663,990
Operating revenue from affiliates 17,399 18,347 35,010 35,856
Reimbursable revenue from non-affiliates 15,684 13,805 28,064 27,019
Total consolidated gross revenue 373,676 357,467 725,785 726,865
Operating expense:        
Direct cost 284,713 281,630 570,264 571,173
Reimbursable expense 15,414 13,276 27,640 25,890
Depreciation and amortization 31,381 28,592 62,437 63,286
General and administrative 48,622 51,274 95,329 103,869
Operating expense 380,130 374,772 755,670 764,218
Loss on impairment 0 (7,572) (1,192) (7,572)
Loss on disposal of assets (8,526) (2,186) (7,827) (12,203)
Earnings from unconsolidated affiliates, net of losses 2,063 181 1,398 4,011
Operating loss (12,917) (26,882) (37,506) (53,117)
Interest expense, net (18,563) (11,468) (34,584) (22,354)
Other income (expense), net 2,558 3,003 913 (3,186)
Loss before provision for income taxes (28,922) (35,347) (71,177) (78,657)
Benefit (provision) for income taxes (2,474) 5,240 (15,965) 7,478
Net loss (31,396) (30,107) (87,142) (71,179)
Net loss attributable to noncontrolling interests 187 310 658 610
Net loss attributable to Bristow Group $ (31,209) $ (29,797) $ (86,484) $ (70,569)
Loss per common share:        
Basic (in dollars per share) $ (0.88) $ (0.85) $ (2.45) $ (2.02)
Diluted (in dollars per share) (0.88) (0.85) (2.45) (2.02)
Cash dividends declared per common share (in dollars per share) $ 0 $ 0.07 $ 0.07 $ 0.14