XML 17 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Sep. 30, 2013
Foreign Currency Transaction [Abstract]  
Schedule of foreign exchange rates
 
 
 
Three Months Ended 
 September 30,
 
Six Months Ended 
 September 30,
 
 
 
 
2013
 
2012
 
2013
 
2012
 
 
One Brazilian real into U.S. dollars
 
 
 
 
 
 
 
 
 
 
High
 
0.4568

 
0.5029

 
0.5123

 
0.5488

 
 
Average
 
0.4380

 
0.4941

 
0.4617

 
0.5033

 
 
Low
 
0.4093

 
0.4879

 
0.4093

 
0.4811

 
 
At period-end
 
0.4475

 
0.4944

 
0.4475

 
0.4944

 
 
 
 
Three Months Ended 
 September 30,
 
Six Months Ended 
 September 30,
 
 
 
 
2013
 
2012
 
2013
 
2012
 
 
One British pound sterling into U.S. dollars
 
 
 
 
 
 
 
 
 
 
High
 
1.62

 
1.63

 
1.62

 
1.63

 
 
Average
 
1.55

 
1.58

 
1.54

 
1.58

 
 
Low
 
1.48

 
1.54

 
1.48

 
1.53

 
 
At period-end
 
1.62

 
1.61

 
1.62

 
1.61

 
 
One euro into U.S. dollars
 
 
 
 
 
 
 
 
 
 
High
 
1.35

 
1.31

 
1.35

 
1.33

 
 
Average
 
1.32

 
1.25

 
1.32

 
1.27

 
 
Low
 
1.28

 
1.21

 
1.26

 
1.21

 
 
At period-end
 
1.35

 
1.29

 
1.35

 
1.29

 
 
One Australian dollar into U.S. dollars
 
 
 
 
 
 
 
 
 
 
High
 
0.95

 
1.06

 
1.07

 
1.06

 
 
Average
 
0.92

 
1.04

 
0.95

 
1.03

 
 
Low
 
0.89

 
1.01

 
0.89

 
0.97

 
 
At period-end
 
0.94

 
1.04

 
0.94

 
1.04

 
 
One Nigerian naira into U.S. dollars
 
 
 
 
 
 
 
 
 
 
High
 
0.0064

 
0.0065

 
0.0065

 
0.0065

 
 
Average
 
0.0063

 
0.0063

 
0.0063

 
0.0063

 
 
Low
 
0.0061

 
0.0062

 
0.0061

 
0.0061

 
 
At period-end
 
0.0063

 
0.0064

 
0.0063

 
0.0064

 
Schedule of foreign exchange impact
 
 
 
Three Months Ended 
 September 30, 2013
 
Six Months Ended 
 September 30, 2013
 
 
Revenue
 
$
(6,874
)
 
$
(9,862
)
 
 
Operating expense
 
4,858

 
6,531

 
 
Earnings from unconsolidated affiliates, net of losses
 
(1,868
)
 
1,330

 
 
Non-operating expense
 
615

 
273

 
 
Income before provision for income taxes
 
(3,269
)
 
(1,728
)
 
 
Provision for income taxes
 
719

 
380

 
 
Net income
 
(2,550
)
 
(1,348
)
 
 
Cumulative translation adjustment
 
15,766

 
11,207

 
 
Total stockholders’ investment
 
$
13,216

 
$
9,859

 
Schedule of capital expenditures
 
 
Three Months Ended 
 September 30,
 
Six Months Ended 
 September 30,
 
 
2013

2012
 
2013

2012
 
Number of aircraft delivered:
 
 
 
 
 
 
 
 
Medium
3

 

 
5

 

 
Large
2

 

 
5

 
3

 
Total aircraft
5

 

 
10

 
3

 
Capital expenditures (in thousands):
 
 
 
 
 
 
 
 
Aircraft and related equipment
$
145,653

 
$
14,887

 
$
312,880

 
$
94,856

 
Other
14,374

 
11,963

 
26,679

 
18,549

 
Total capital expenditures
$
160,027

 
$
26,850

 
$
339,559

 
$
113,405

Schedule of aircraft sales and impairments
 
Three Months Ended 
 September 30, 2013
 
Three Months Ended 
 September 30, 2012
 
Number of aircraft
 
Proceeds
 
Gains (losses)
 
Number of aircraft
 
Proceeds
 
Gains (losses)
 
(In thousands, except for number of aircraft)
Aircraft sold or disposed of (1)
11

 
$
153,710

 
$
(2,114
)
 
6

 
$
76,149

 
$
738

Impairment of aircraft held for sale
1

 
$

 
$
(950
)
 
2

 
$

 
$
(2,000
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended 
 September 30, 2013
 
Six Months Ended 
 September 30, 2012
 
Number of aircraft
 
Proceeds
 
Gains (losses)
 
Number of aircraft
 
Proceeds
 
Gains (losses)
 
(In thousands, except for number of aircraft)
Aircraft sold or disposed of (1)
15

 
$
155,603

 
$
(2,605
)
 
10

 
$
96,376

 
$
(2,688
)
Impairment of aircraft held for sale
3

 
$

 
$
(2,180
)
 
9

 
$

 
$
(3,889
)