XML 37 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
SEGMENT INFORMATION
 6 Months Ended
Sep. 30, 2012
Segments [Abstract]  
SEGMENT INFORMATION

Note 10 ¾ SEGMENT INFORMATION

We conduct our business in one segment: Helicopter Services. The Helicopter Services segment operations are conducted primarily through five business units: Europe, West Africa, North America, Australia, and Other International. Additionally, we also operate a training business unit, Bristow Academy, and provide technical services to clients in the U.S. and U.K.

The following shows reportable segment information for the three and six months ended September 30, 2012 and 2011 and as of September 30 and March 31, 2012, where applicable, reconciled to consolidated totals, and prepared on the same basis as our condensed consolidated financial statements (in thousands):

 

      Three Months Ended September 30, Six Months Ended September 30,
      2012 2011 2012 2011
Segment gross revenue from external clients:            
  Europe  $154,111 $140,244 $308,068 $274,524
  West Africa   68,217  64,041  138,671  118,548
  North America   57,321  47,794  110,031  91,961
  Australia   44,839  33,323  89,341  78,618
  Other International   32,139  36,147  65,614  71,614
  Corporate and other   9,127  9,443  16,637  16,832
   Total segment gross revenue  $365,754 $330,992 $728,362 $652,097
                 
Intrasegment gross revenue:            
  Europe  $2 $(23) $65 $235
  West Africa   0  0  0  0
  North America   54  463  250  538
  Australia   0  117  0  235
  Other International   0  0  0  0
  Corporate and other   591  120  711  (324)
   Total intrasegment gross revenue  $647 $677 $1,026 $684
                 
Consolidated gross revenue reconciliation:            
  Europe  $154,113 $140,221 $308,133 $274,759
  West Africa   68,217  64,041  138,671  118,548
  North America   57,375  48,257  110,281  92,499
  Australia   44,839  33,440  89,341  78,853
  Other International   32,139  36,147  65,614  71,614
  Corporate and other   9,718  9,563  17,348  16,508
  Intrasegment eliminations   (647)  (677)  (1,026)  (684)
   Total consolidated gross revenue  $365,754 $330,992 $728,362 $652,097
                 

      Three Months Ended September 30, Six Months Ended September 30,
      2012 2011 2012 2011
Earnings from unconsolidated affiliates, net of losses – equity method             
  investments:  
  Europe  $2,368 $2,466 $4,374 $5,324
  Other International   4,626  (6,510)  4,609  (3,375)
  Corporate and other   0  7  0  7
   Total earnings from unconsolidated affiliates, net of losses – equity method investments $6,994 $(4,037) $8,983 $1,956
                 

      Three Months Ended September 30, Six Months Ended September 30,
      2012 2011 2012 2011
Consolidated operating income (loss) reconciliation:            
  Europe  $27,008 $23,586 $48,884 $46,835
  West Africa   13,430  16,120  29,561  27,351
  North America   6,130  2,571  12,605  4,155
  Australia   6,829  576  13,338  5,100
  Other International   10,354  2,089  17,741  13,999
  Corporate and other   (15,161)  (33,736)  (28,231)  (51,245)
  Gain (loss) on disposal of assets   (1,262)  (1,611)  (6,577)  (195)
   Total consolidated operating income  $47,328 $9,595 $87,321 $46,000

      Three Months Ended September 30, Three Months Ended September 30,
      2012 2011 2012 2011
Depreciation and amortization:     
  Europe  $8,444 $8,015 $16,008 $15,922
  West Africa   3,051  3,244  6,193  6,514
  North America   3,107  5,947  6,373  9,634
  Australia   2,504  2,816  4,987  5,938
  Other International   5,300  4,070  9,333  8,033
  Corporate and other   915  1,339  1,799  2,098
   Total depreciation and amortization  $23,321 $25,431 $44,693 $48,139

      September 30, March 31, 
      2012 2012 
Identifiable assets:        
  Europe  $862,758 $779,160 
  West Africa   383,879  376,903 
  North America   315,987  276,074 
  Australia   212,824  295,895 
  Other International   551,503  602,174 
  Corporate and other   458,517  410,157 
   Total identifiable assets (1) $2,785,468 $2,740,363 

      September 30, March 31, 
      2012 2012 
Investments in unconsolidated affiliates – equity method investments:       
  Europe  $9,452 $11,410 
  Other International   188,802  184,922 
  Corporate and other  9,532  2,378 
   Total investments in unconsolidated affiliates – equity method  $207,786 $198,710 
    investments   

(1)  Includes $121.2 million and $126.6 million, respectively of construction in progress within property and equipment on our condensed consolidated balance sheets as of September 30 and March 31, 2012, respectively, which primarily represents progress payments on aircraft to be delivered in future periods.