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SEGMENT INFORMATION (Tables)
9 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Schedule of revenue by segment
The following tables show region information for the three and nine months ended December 31, 2018 and 2017 and as of December 31 and March 31, 2018, 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,
 
 
2018
 
2017
 
2018
 
2017
Region revenue from external customers:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
186,537

 
$
196,958

 
$
606,584

 
$
592,280

Africa
 
43,830

 
48,712

 
119,638

 
149,289

Americas
 
56,669

 
58,468

 
166,644

 
173,431

Asia Pacific
 
43,829

 
55,691

 
155,653

 
167,421

Corporate and other
 
464

 
906

 
1,361

 
4,099

Total region revenue (1)
 
$
331,329

 
$
360,735

 
$
1,049,880

 
$
1,086,520

Intra-region revenue:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
1,913

 
$
1,481

 
$
5,847

 
$
4,000

Africa
 

 

 

 

Americas
 
1,262

 
2,147

 
3,910

 
6,391

Asia Pacific
 

 

 

 

Corporate and other
 
1

 
5

 
2

 
27

Total intra-region revenue
 
$
3,176

 
$
3,633

 
$
9,759

 
$
10,418

Consolidated revenue:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
188,450

 
$
198,439

 
$
612,431

 
$
596,280

Africa
 
43,830

 
48,712

 
119,638

 
149,289

Americas
 
57,931

 
60,615

 
170,554

 
179,822

Asia Pacific
 
43,829

 
55,691

 
155,653

 
167,421

Corporate and other
 
465

 
911

 
1,363

 
4,126

Intra-region eliminations
 
(3,176
)
 
(3,633
)
 
(9,759
)
 
(10,418
)
Total consolidated revenue (1)
 
$
331,329

 
$
360,735

 
$
1,049,880

 
$
1,086,520


_____________ 
(1) 
The above table represents disaggregated revenue from contracts with customers except for $9.8 million of revenue included in totals ($1.7 million from Europe Caspian, $8.0 million from Americas and $0.1 million from Asia Pacific) for the three months ended December 31, 2018 and $41.8 million of revenue included in totals ($18.8 million from Europe Caspian, $22.8 million from Americas and $0.2 million from Asia Pacific) for the nine months ended December 31, 2018.
Operating Performance and Total Assets by Segment
 
 
Three Months Ended 
 December 31,
 
Nine Months Ended 
 December 31,
 
 
2018
 
2017
 
2018
 
2017
Earnings (losses) from unconsolidated affiliates, net – equity method investments:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
(2
)
 
$
34

 
$
17

 
$
125

Americas
 
839

 
2,097

 
(2,052
)
 
3,712

Corporate and other
 
(100
)
 
(135
)
 
(341
)
 
(443
)
Total earnings (losses) from unconsolidated affiliates, net – equity method investments
 
$
737

 
$
1,996

 
$
(2,376
)
 
$
3,394

 
 
 
 
 
 
 
 
 
Consolidated operating loss:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
3,342

 
$
5,274

 
$
13,856

 
$
19,499

Africa
 
5,286

 
10,470

 
7,892

 
28,353

Americas
 
4,412

 
5,308

 
(1,362
)
 
11,535

Asia Pacific
 
(6,654
)
 
(941
)
 
(14,613
)
 
(19,374
)
Corporate and other
 
(21,535
)
 
(19,047
)
 
(151,440
)
 
(68,686
)
Loss on disposal of assets
 
(16,015
)
 
(4,591
)
 
(18,986
)
 
(12,418
)
Total consolidated operating loss (1)
 
$
(31,164
)
 
$
(3,527
)
 
$
(164,653
)
 
$
(41,091
)
 
 
 
 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
 
 
 
Europe Caspian
 
$
13,041

 
$
12,771

 
$
37,985

 
$
36,789

Africa
 
3,732

 
3,664

 
10,811

 
10,330

Americas
 
7,108

 
6,909

 
21,299

 
20,906

Asia Pacific
 
3,812

 
4,479

 
12,221

 
15,347

Corporate and other
 
2,922

 
3,859

 
9,729

 
10,747

Total depreciation and amortization
 
$
30,615

 
$
31,682

 
$
92,045

 
$
94,119

 
 
December 31, 
 2018
 
March 31,  
 2018
Identifiable assets:
 
 
 
 
Europe Caspian
 
$
904,490

 
$
1,087,437

Africa
 
398,606

 
374,121

Americas
 
751,981

 
788,879

Asia Pacific
 
248,861

 
342,166

Corporate and other (2)
 
427,806

 
572,399

Total identifiable assets
 
$
2,731,744

 
$
3,165,002

Investments in unconsolidated affiliates – equity method investments:
 
 
 
 
Europe Caspian
 
$
215

 
$
270

Americas
 
104,758

 
116,276

Corporate and other
 
2,715

 
3,338

Total investments in unconsolidated affiliates – equity method investments
 
$
107,688

 
$
119,884


_____________ 
(1) 
Results for the three months ended December 31, 2018 were positively impacted by a reduction to rent expense of $1.0 million (included in direct costs) impacting Europe Caspian and Asia Pacific regions by $0.2 million and $0.8 million, respectively, related to OEM cost recoveries for ongoing aircraft issues. Results for the nine months ended December 31, 2018 were positively impacted by a reduction to rent expense of $6.9 million (included in direct costs) impacting Europe Caspian and Asia Pacific regions by $4.6 million and $2.3 million, respectively, related to OEM cost recoveries for ongoing aircraft issues. For further details, see Note 1.
(2) 
Includes $52.9 million and $67.7 million of construction in progress within property and equipment on our condensed consolidated balance sheets as of December 31 and March 31, 2018, respectively, which primarily represents progress payments on aircraft to be delivered in future periods. In December 2018, a large aircraft order was terminated and we recorded contract termination costs of $14.0 million included in loss on disposal of assets on our condensed consolidated statements of operations for amounts previously included in construction in progress on our condensed consolidated balance sheets. For further details, see Notes 1 and 8.