ACQUISITIONS (Tables)

12 Months Ended

Mar. 31, 2015

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the consolidated assets and liabilities of Airnorth as of January 29, 2015 (in thousands):




Current assets	$	15,188
Property and equipment	39,822
Goodwill	24,252
Prepaid expenses and other assets	4,403
Total assets	83,665

Current liabilities, including debt	(20,104		)
Long-term debt, less current maturities	(20,606		)
Other long-term liabilities	(9,441		)
Total liabilities	(50,151		)
Temporary equity	(3,427		)
Net assets	$	30,087

Temporary Equity [Table Text Block]

The following is a rollforward of the temporary equity related to Airnorth for the fiscal year ended March 31, 2015 (in thousands):




Acquisition of Airnorth on January 29, 2015	$	3,427
Noncontrolling interest expense	(39		)
Currency translation	(49		)
Balance – end of fiscal year	$	3,339

Business Acquisition, Pro Forma Information [Table Text Block]

The summary pro forma condensed consolidated financial information presented below for the fiscal years ended March 31, 2015 and 2014 give effect to the acquisition of Airnorth as if it had occurred at the beginning of the periods presented. The pro forma adjustments are based upon available information and certain assumptions that we believe are reasonable. The pro forma net income has been adjusted to reflect depreciation and amortization expense as if those adjustments had been applied on April 1, 2013. The summary pro forma condensed consolidated financial information is for informational purposes only and does not purport to represent what our consolidated results of operations actually would have been if the acquisition of Airnorth had occurred at any date, and such data does not purport to project our results of operations for any future period.



	Fiscal Year Ended March 31,
	2015		2014
	(In thousands) (Unaudited)
Gross revenue	$	1,927,680	$	1,734,911
Net income	87,902		187,785

Eastern Airways

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the consolidated assets and liabilities of Eastern Airways as of February 6, 2014 (in thousands):




Current assets	$	21,117
Property and equipment	63,391
Goodwill	26,479
Prepaid expenses and other assets	20,474
Total assets	131,461

Current liabilities, including debt	(37,644		)
Long-term debt, less current maturities	(20,400		)
Other long-term liabilities	(8,239		)
Total liabilities	(66,283		)
Temporary equity	(21,139		)
Net assets	$	44,039

Temporary Equity [Table Text Block]

Changes in the balance for the temporary equity related to Eastern Airways are as follows (in thousands):



Acquisition of Eastern Airways on February 6, 2014	$	21,139
Noncontrolling interest expense	671
Currency translation	473
Balance as of March 31, 2014	$	22,283
Noncontrolling interest expense	3,389
Currency translation	(2,787		)
Balance as of March 31, 2015	$	22,885

Business Acquisition, Pro Forma Information [Table Text Block]

The summary pro forma condensed consolidated financial information presented below for the fiscal years ended March 31, 2014 and 2013 give effect to the acquisition of Eastern Airways as if it had occurred at the beginning of the periods presented. The pro forma adjustments are based upon available information and certain assumptions that we believe are reasonable. The pro forma net income has been adjusted to reflect depreciation and amortization expense as if those adjustments had been applied on April 1, 2012. The summary pro forma condensed consolidated financial information is for informational purposes only and does not purport to represent what our consolidated results of operation actually would have been if the acquisition of Eastern Airways had occurred at any date, and such data does not purport to project our results of operations for any future period.



	Fiscal Year Ended March 31,
	2014		2013
	(In thousands) (Unaudited)
Gross revenue	$	1,761,390	$	1,625,832
Net income	188,921		144,136

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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