PROPERTY AND EQUIPMENT, ASSETS HELD FOR SALE AND OEM COST RECOVERIES (Tables)

12 Months Ended

Mar. 31, 2018

Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]

Capital expenditures

During fiscal years 2018, 2017 and 2016, we made capital expenditures as follows:

	Fiscal Year Ended March 31,
	2018		2017		2016
Number of aircraft delivered:
Medium	5		5		1
Large	—		—		3
SAR aircraft	—		4		4
Total aircraft (1)	5		9		8
Capital expenditures (in thousands):
Aircraft and related equipment (2)	$	32,418	$	127,447	$	285,530
Other	13,869		7,663		86,845
Total capital expenditures	$	46,287	$	135,110	$	372,375

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⁽¹⁾  During fiscal year 2016, we took delivery of two aircraft that were purchased using short-term debt borrowings for the final payments of the aircraft. As of March 31, 2017, the short-term borrowings for these aircraft have been paid.

⁽²⁾  During fiscal years 2018, 2017 and 2016, we spent $2.3 million, $71.4 million and $202.7 million, respectively, on progress payments for aircraft to be delivered in future periods.

Sold or disposed of and impairments on assets held for sale

The following table presents details on the aircraft sold or disposed of and impairments on assets held for sale during fiscal years 2018, 2017 and 2016:

	Fiscal Year Ended March 31,
	2018		2017		2016
	(In thousands, except for number of aircraft)
Number of aircraft sold or disposed of (1)	11		14		35
Proceeds from sale or disposal of assets (1)	$	48,740	$	18,471	$	60,035
Loss from sale or disposal of assets	$	1,742	$	2,049	$	1,122
Number of aircraft impaired	8		14		16
Impairment charges on aircraft held for sale (2)	$	15,853	$	12,450	$	29,571

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⁽¹⁾  During fiscal year 2016, three of these aircraft were sold and leased back and we received $29.2 million in proceeds for the aircraft. We did not enter into any sale leasebacks during fiscal years 2017 and 2018.

⁽²⁾  Includes $6.5 million impairment of the Bristow Academy disposal group for fiscal year 2018.