SEGMENT INFORMATION (Tables)

9 Months Ended

Dec. 31, 2017

The following tables show region information for the three and nine months ended December 31, 2017 and 2016 and as of September 30 and March 31, 2017, 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,
	2017			2016			2017			2016
Region gross revenue from external clients:
Europe Caspian	$	196,958		$	179,632		$	592,280		$	566,290
Africa	48,712			50,516			149,289			156,422
Americas	58,468			52,362			173,431			166,651
Asia Pacific	55,691			52,857			167,421			167,256
Corporate and other	906			2,076			4,099			7,689
Total region gross revenue	$	360,735		$	337,443		$	1,086,520		$	1,064,308
Intra-region gross revenue:
Europe Caspian	$	1,481		$	1,278		$	4,000		$	5,308
Africa	—			—			—			—
Americas	2,147			977			6,391			2,939
Asia Pacific	—			—			—			1
Corporate and other	5			38			27			317
Total intra-region gross revenue	$	3,633		$	2,293		$	10,418		$	8,565
Consolidated gross revenue:
Europe Caspian	$	198,439		$	180,910		$	596,280		$	571,598
Africa	48,712			50,516			149,289			156,422
Americas	60,615			53,339			179,822			169,590
Asia Pacific	55,691			52,857			167,421			167,257
Corporate and other	911			2,114			4,126			8,006
Intra-region eliminations	(3,633		)	(2,293		)	(10,418		)	(8,565		)
Total consolidated gross revenue	$	360,735		$	337,443		$	1,086,520		$	1,064,308

Operating Performance and Total Assets by Segment



	Three Months Ended December 31,						Nine Months Ended December 31,
	2017			2016			2017			2016
Earnings from unconsolidated affiliates, net of losses – equity method investments:
Europe Caspian	$	34		$	125		$	125		$	241
Americas	2,097			831			3,712			4,954
Corporate and other	(135		)	(190		)	(443		)	(461		)
Total earnings from unconsolidated affiliates, net of losses – equity method investments	$	1,996		$	766		$	3,394		$	4,734

Consolidated operating loss:
Europe Caspian	$	5,312		$	(303	)	$	19,610		$	18,468
Africa	10,470			10,441			28,353			19,954
Americas	5,308			2,226			11,535			5,790
Asia Pacific	(941		)	(9,012		)	(19,374		)	(24,480		)
Corporate and other	(19,055		)	(21,575		)	(68,709		)	(78,869		)
Loss on disposal of assets	(4,591		)	(874		)	(12,418		)	(13,077		)
Total consolidated operating loss ⁽¹⁾	$	(3,497	)	$	(19,097	)	$	(41,003	)	$	(72,214	)

Depreciation and amortization:
Europe Caspian	$	12,771		$	11,185		$	36,789		$	33,594
Africa	3,664			4,007			10,330			12,680
Americas	6,909			7,060			20,906			25,669
Asia Pacific	4,479			4,973			15,347			13,586
Corporate and other	3,859			2,543			10,747			7,525
Total depreciation and amortization ⁽²⁾	$	31,682		$	29,768		$	94,119		$	93,054



	December 31, 2017		March 31, 2017
Identifiable assets:
Europe Caspian	$	955,122	$	1,091,536
Africa	414,162		325,719
Americas	857,463		809,071
Asia Pacific	330,210		433,614
Corporate and other ⁽³⁾	410,200		453,907
Total identifiable assets	$	2,967,157	$	3,113,847



Investments in unconsolidated affiliates – equity method investments:
Europe Caspian	$	350	$	257
Americas	201,422		200,362
Corporate and other	3,057		3,257
Total investments in unconsolidated affiliates – equity method investments	$	204,829	$	203,876

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⁽¹⁾	Results for the three and nine months ended December 31, 2017, were positively impacted by a reduction to rent expense of $13.1 million (included in direct costs) impacting Europe Caspian and Asia Pacific regions by $7.1 million and $6.0 million, respectively, related to OEM cost recoveries for ongoing aircraft issues. For further details, see Note 1.

⁽²⁾

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 $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 Caspian, Americas and Africa regions of $0.4 million, $3.9 million and $5.0 million, respectively. For further details, see Note 1.


⁽³⁾	Includes $69.1 million and $199.3 million ofconstruction in progress within property and equipment on our condensed consolidated balance sheets as of December 31 and March 31, 2017, respectively, which primarily represents progress payments on aircraft to be delivered in future periods.