SEGMENT INFORMATION

3 Months Ended

Jun. 30, 2016

Segments [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We conduct our business in one segment: Industrial Aviation Services. The Industrial Aviation Services global operations are conducted primarily through four regions as follows: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region comprises all our operations and affiliates in Europe and Central Asia, including Norway, the U.K. and Turkmenistan. The Africa region comprises all our operations and affiliates on the African continent, including Nigeria, Tanzania and Egypt. The Americas region comprises all our operations and affiliates in North America and South America, including Brazil, Canada, Trinidad and the U.S. Gulf of Mexico. The Asia Pacific region comprises all our operations and affiliates in Australia and Southeast Asia, including Malaysia and Sakhalin. Additionally, we operate a training unit, Bristow Academy, which is included in Corporate and other.

The following tables show region information for the three months endedJune 30, 2016 and 2015 and as of June 30 and March 31, 2016, where applicable, reconciled to consolidated totals, and prepared on the same basis as our condensed consolidated financial statements (in thousands):

	Three Months Ended   June 30,
	2016			2015
Region gross revenue from external clients:
Europe Caspian	$	194,824		$	222,949
Africa	54,262			78,915
Americas	58,197			76,600
Asia Pacific	59,144			80,388
Corporate and other	2,971			8,144
Total region gross revenue	$	369,398		$	466,996
Intra-region gross revenue:
Europe Caspian	$	2,139		$	392
Africa	—			—
Americas	847			3,652
Asia Pacific	—			—
Corporate and other	245			783
Total intra-region gross revenue	$	3,231		$	4,827
Consolidated gross revenue reconciliation:
Europe Caspian	$	196,963		$	223,341
Africa	54,262			78,915
Americas	59,044			80,252
Asia Pacific	59,144			80,388
Corporate and other	3,216			8,927
Intra-region eliminations	(3,231		)	(4,827		)
Total consolidated gross revenue	$	369,398		$	466,996

	Three Months Ended   June 30,
	2016			2015
Earnings from unconsolidated affiliates, net of losses – equity method investments:
Europe Caspian	$	51		$	99
Americas	3,863			6,197
Corporate and other	(84		)	—
Total earnings from unconsolidated affiliates, net of losses – equity method investments	$	3,830		$	6,296
Consolidated operating income (loss) reconciliation:
Europe Caspian	$	13,030		$	14,197
Africa	1,571			12,952
Americas	921			16,532
Asia Pacific	(5,893		)	(688		)
Corporate and other	(25,847		)	(30,464		)
Gain (loss) on disposal of assets	(10,017		)	(7,695		)
Total consolidated operating income (loss)	$	(26,235	)	$	4,834
Depreciation and amortization:
Europe Caspian	$	11,189		$	10,782
Africa	5,453			5,884
Americas	11,381			10,156
Asia Pacific	4,236			8,319
Corporate and other	2,435			2,005
Total depreciation and amortization (1)	$	34,694		$	37,146

	June 30,   2016		March 31,    2016
Identifiable assets:
Europe Caspian	$	1,049,743	$	1,067,647
Africa	361,097		304,081
Americas	847,905		884,455
Asia Pacific	406,480		426,677
Corporate and other (2)	552,901		580,085
Total identifiable assets	$	3,218,126	$	3,262,945

Investments in unconsolidated affiliates – equity method investments:
Europe Caspian	$	109	$	298
Americas	196,956		183,990
Corporate and other	4,000		4,378
Total investments in unconsolidated affiliates – equity method investments	$	201,065	$	188,666

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⁽¹⁾  Includes accelerated depreciation expense of $6.9 million during the three months ended June 30, 2016 related to aircraft where management made the decision to exit these model types earlier than originally anticipated in our Europe Caspian, Americas and Africa regions of $0.2 million, $3.9 million and $2.8 million, respectively. Includes accelerated depreciation expense of $10.5 million during the three months ended June 30, 2015 related to aircraft where management made the decision to exit these model types earlier than originally anticipated in our Americas, Africa and Asia Pacific regions of $2.9 million, $2.3 million and $5.3 million, respectively. For further details, see Note 1.

⁽²⁾  Includes $315.8 million and $307.4 million ofconstruction in progress within property and equipment on our condensed consolidated balance sheets as of June 30 and March 31, 2016, respectively, which primarily represents progress payments on aircraft to be delivered in future periods.