XML 42 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
3 Months Ended 6 Months Ended
Sep. 30, 2016
USD ($)
aircraft
Customer
Sep. 30, 2015
USD ($)
aircraft
Mar. 31, 2017
USD ($)
Sep. 30, 2016
USD ($)
aircraft
Customer
Sep. 30, 2015
USD ($)
aircraft
Mar. 31, 2016
USD ($)
Customer
Nov. 01, 2015
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency transaction gain (loss) $ 2,900,000 $ (11,400,000)   $ (3,400,000) $ (7,600,000)    
Interest income 235,000 217,000   469,000 438,000    
Interest expense (11,703,000) (7,396,000)   (22,823,000) (15,286,000)    
Interest expense, net (11,468,000) (7,179,000)   (22,354,000) (14,848,000)    
Accretion of redeemable noncontrolling interests 0 (4,803,000)   0 1,498,000    
Allowance for doubtful accounts 5,000,000     5,000,000   $ 5,600,000  
Inventory allowance 29,200,000     29,200,000   27,800,000  
Deferred set-up costs, current 14,600,000     14,600,000   12,100,000  
Expense of deferred set-up costs 3,500,000     5,700,000      
Goodwill impairment   22,274,000     22,274,000    
Impairment of inventories 7,572,000 $ 0   7,572,000 $ 5,439,000    
Goodwill - beginning balance     $ 28,922,000 29,990,000      
Goodwill, foreign currency translation       (1,068,000)      
Goodwill - ending balance 28,922,000     28,922,000      
Accumulated goodwill impairment loss 42,200,000     42,200,000   42,200,000  
Other intangible asset, gross - beginning balance     27,411,000 27,858,000      
Other intangible asset, foreign currency translation       (447,000)      
Other intangible asset, gross - ending balance 27,411,000     27,411,000      
Other intangible asset, accumulated amortization - beginning balance     (21,037,000) (20,379,000)      
Other intangible asset - amortization expense       (658,000)      
Other intangible asset, accumulated amortization - ending balance (21,037,000)     $ (21,037,000)      
Weighted average remaining contractual life, in years       5 years 10 months 8 days      
Other intangible asset, amortization expense, remainder of fiscal year 2017 441,000     $ 441,000      
Other intangible asset, amortization expense, year 2018 872,000     872,000      
Other intangible asset, amortization expense, year 2019 744,000     744,000      
Other intangible asset, amortization expense, year 2020 456,000     456,000      
Other intangible asset, amortization expense, year 2021 456,000     456,000      
Other intangible asset, amortization expense, thereafter 3,405,000     3,405,000      
Other intangible asset, net 6,374,000     6,374,000      
Deferred contract acquisition cost, non current $ 51,300,000     $ 51,300,000   55,100,000  
Number of aircraft delivered | aircraft 6 1   6 3    
Capital expenditures $ 80,803,000 $ 79,212,000   $ 101,866,000 $ 146,989,000    
Payments for PP&E $ 63,700,000 $ 36,000,000   $ 66,800,000 $ 64,300,000    
Number of aircraft sold or disposed of | aircraft 0 4   6 13    
Proceeds from sale or disposal of assets $ 329,000 $ 6,806,000   $ 11,819,000 $ 16,107,000    
Gain (loss) on disposal of assets $ (2,186,000) $ (14,007,000)   $ (12,203,000) $ (21,702,000)    
Number of aircraft impaired | aircraft 6 10   13 11    
Impairment charges on aircraft held for sale $ 1,011,000 $ 12,169,000   $ 11,160,000 $ 22,031,000    
Accelerated depreciation $ 1,300,000 $ 10,500,000   $ 8,200,000 $ 19,300,000    
Number of aircraft in exit plan | aircraft 6 21   11 21    
Unamortized debt issuance cost $ 8,911,000     $ 8,911,000   8,917,000  
Revenue 357,467,000 $ 446,911,000   726,865,000 $ 913,907,000    
Operating expense (374,772,000) (425,103,000)   (764,218,000) (880,427,000)    
Earnings from unconsolidated affiliates, net of losses 181,000 (15,360,000)   4,011,000 (9,064,000)    
Loss before provision for income taxes (35,347,000) (48,436,000)   (78,657,000) (47,432,000)    
Provision (benefit) for income taxes 5,240,000 2,756,000   7,478,000 123,000    
Net income (30,107,000) (45,680,000)   (71,179,000) (47,309,000)    
Total stockholders' investment 1,416,201,000     1,416,201,000   1,509,892,000  
Forecast              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Accelerated depreciation     2,200,000        
Aircraft              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Capital expenditures 78,087,000 70,691,000   95,574,000 111,153,000    
Gain (loss) on disposal of assets (1,175,000) (1,838,000)   (1,043,000) 329,000    
Other property plant and equipment              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Capital expenditures $ 2,716,000 $ 8,521,000   $ 6,292,000 $ 35,836,000    
Medium aircraft              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Number of aircraft delivered | aircraft 5 0   5 1    
SAR Aircraft              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Number of aircraft delivered | aircraft 1 1   1 2    
Client contracts              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Other intangible asset, gross - beginning balance     8,170,000 $ 8,170,000      
Other intangible asset, foreign currency translation       0      
Other intangible asset, gross - ending balance $ 8,170,000     8,170,000      
Other intangible asset, accumulated amortization - beginning balance     (8,143,000) (8,062,000)      
Other intangible asset - amortization expense       (81,000)      
Other intangible asset, accumulated amortization - ending balance (8,143,000)     $ (8,143,000)      
Weighted average remaining contractual life, in years       2 months      
Customer relationships              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Other intangible asset, gross - beginning balance     12,780,000 $ 12,779,000      
Other intangible asset, foreign currency translation       1,000      
Other intangible asset, gross - ending balance 12,780,000     12,780,000      
Other intangible asset, accumulated amortization - beginning balance     (10,899,000) (10,600,000)      
Other intangible asset - amortization expense       (299,000)      
Other intangible asset, accumulated amortization - ending balance (10,899,000)     $ (10,899,000)      
Weighted average remaining contractual life, in years       5 years      
Trade names and trademarks              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Other intangible asset, gross - beginning balance     4,619,000 $ 5,008,000      
Other intangible asset, foreign currency translation       (389,000)      
Other intangible asset, gross - ending balance 4,619,000     4,619,000      
Other intangible asset, accumulated amortization - beginning balance     (777,000) (636,000)      
Other intangible asset - amortization expense       (141,000)      
Other intangible asset, accumulated amortization - ending balance (777,000)     $ (777,000)      
Weighted average remaining contractual life, in years       13 years 7 months      
Internally developed software              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Other intangible asset, gross - beginning balance     1,086,000 $ 1,149,000      
Other intangible asset, foreign currency translation       (63,000)      
Other intangible asset, gross - ending balance 1,086,000     1,086,000      
Other intangible asset, accumulated amortization - beginning balance     (587,000) (480,000)      
Other intangible asset - amortization expense       (107,000)      
Other intangible asset, accumulated amortization - ending balance (587,000)     $ (587,000)      
Weighted average remaining contractual life, in years       2 years 3 months      
Licensing              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Other intangible asset, gross - beginning balance     756,000 $ 752,000      
Other intangible asset, foreign currency translation       4,000      
Other intangible asset, gross - ending balance 756,000     756,000      
Other intangible asset, accumulated amortization - beginning balance     (631,000) (601,000)      
Other intangible asset - amortization expense       (30,000)      
Other intangible asset, accumulated amortization - ending balance (631,000)     $ (631,000)      
Weighted average remaining contractual life, in years       2 years 1 month      
Europe Caspian              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Goodwill - beginning balance     9,062,000 $ 10,026,000      
Goodwill, foreign currency translation       (964,000)      
Goodwill - ending balance 9,062,000     9,062,000      
Accumulated goodwill impairment loss 25,200,000     25,200,000   25,200,000  
Accelerated depreciation 200,000     400,000      
Revenue 193,725,000 $ 226,183,000   390,688,000 $ 449,524,000    
Africa              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Accumulated goodwill impairment loss 6,200,000     6,200,000   6,200,000  
Accelerated depreciation 1,100,000 6,500,000   3,900,000 8,800,000    
Revenue 51,644,000 65,301,000   105,906,000 144,216,000    
Americas              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Accumulated goodwill impairment loss 600,000     600,000   600,000  
Accelerated depreciation   3,200,000   3,900,000 6,100,000    
Revenue 57,207,000 73,578,000   116,251,000 153,830,000    
Asia Pacific              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Goodwill - beginning balance     $ 19,860,000 19,964,000      
Goodwill, foreign currency translation       (104,000)      
Goodwill - ending balance 19,860,000     19,860,000      
Accelerated depreciation   800,000     4,400,000    
Revenue 55,256,000 78,693,000   114,400,000 159,081,000    
Corporate And Other              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Accumulated goodwill impairment loss 10,200,000     10,200,000   $ 10,200,000  
Revenue $ 2,676,000 6,226,000   $ 5,892,000 15,153,000    
Nigeria              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Number of uncollectible receivables | Customer 2     2   2  
Australia              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Number of uncollectible receivables | Customer 1     1   1  
Unconsolidated affiliate              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency transaction gain (loss) $ (1,300,000) $ (19,900,000)   $ (1,300,000) $ (18,200,000)    
Affiliated entity              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Allowance for doubtful accounts $ 0     $ 0   $ 0  
One British Pound Sterling Into US Dollars | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.30 1.51   1.30 1.51    
One British Pound Sterling Into US Dollars | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.30 1.51   1.30 1.51    
One British Pound Sterling Into US Dollars | Maximum | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.34 1.57   1.34 1.57    
One British Pound Sterling Into US Dollars | Maximum | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.48 1.59   1.48 1.59    
One British Pound Sterling Into US Dollars | Weighted average | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.31 1.55   1.31 1.55    
One British Pound Sterling Into US Dollars | Weighted average | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.37 1.54   1.37 1.54    
One British Pound Sterling Into US Dollars | Minimum | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.29 1.51   1.29 1.51    
One British Pound Sterling Into US Dollars | Minimum | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.29 1.46   1.29 1.46    
One Euro Into US Dollars | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.12 1.12   1.12 1.12    
One Euro Into US Dollars | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.12 1.12   1.12 1.12    
One Euro Into US Dollars | Maximum | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.13 1.16   1.13 1.16    
One Euro Into US Dollars | Maximum | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.15 1.16   1.15 1.16    
One Euro Into US Dollars | Weighted average | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.12 1.11   1.12 1.11    
One Euro Into US Dollars | Weighted average | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.12 1.11   1.12 1.11    
One Euro Into US Dollars | Minimum | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.10 1.09   1.10 1.09    
One Euro Into US Dollars | Minimum | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 1.10 1.06   1.10 1.06    
One Australian Dollar Into US Dollars | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.77 0.70   0.77 0.70    
One Australian Dollar Into US Dollars | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.77 0.70   0.77 0.70    
One Australian Dollar Into US Dollars | Maximum | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.77 0.77   0.77 0.77    
One Australian Dollar Into US Dollars | Maximum | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.78 0.81   0.78 0.81    
One Australian Dollar Into US Dollars | Weighted average | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.76 0.73   0.76 0.73    
One Australian Dollar Into US Dollars | Weighted average | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.75 0.75   0.75 0.75    
One Australian Dollar Into US Dollars | Minimum | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.74 0.69   0.74 0.69    
One Australian Dollar Into US Dollars | Minimum | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.72 0.69   0.72 0.69    
One Norwegian Kroner Into US Dollars | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.1251 0.1176   0.1251 0.1176    
One Norwegian Kroner Into US Dollars | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.1251 0.1176   0.1251 0.1176    
One Norwegian Kroner Into US Dollars | Maximum | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.1251 0.1272   0.1251 0.1272    
One Norwegian Kroner Into US Dollars | Maximum | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.1251 0.1370   0.1251 0.1370    
One Norwegian Kroner Into US Dollars | Weighted average | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.1201 0.1220   0.1201 0.1220    
One Norwegian Kroner Into US Dollars | Weighted average | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.1206 0.1255   0.1206 0.1255    
One Norwegian Kroner Into US Dollars | Minimum | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.1163 0.1171   0.1163 0.1171    
One Norwegian Kroner Into US Dollars | Minimum | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.1163 0.1171   0.1163 0.1171    
One Nigerian Naira Into US Dollars | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.0032 0.0051   0.0032 0.0051    
One Nigerian Naira Into US Dollars | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.0032 0.0051   0.0032 0.0051    
One Nigerian Naira Into US Dollars | Maximum | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.0036 0.0051   0.0036 0.0051    
One Nigerian Naira Into US Dollars | Maximum | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.0050 0.0051   0.0050 0.0051    
One Nigerian Naira Into US Dollars | Weighted average | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.0032 0.0051   0.0032 0.0051    
One Nigerian Naira Into US Dollars | Weighted average | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.0040 0.0051   0.0040 0.0051    
One Nigerian Naira Into US Dollars | Minimum | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.0029 0.0050   0.0029 0.0050    
One Nigerian Naira Into US Dollars | Minimum | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.0029 0.0050   0.0029 0.0050    
One Brazilian Real Into US Dollars | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.3078 0.2441   0.3078 0.2441    
One Brazilian Real Into US Dollars | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.3078 0.2441   0.3078 0.2441    
One Brazilian Real Into US Dollars | Maximum | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.3191 0.3217   0.3191 0.3217    
One Brazilian Real Into US Dollars | Maximum | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.3191 0.3435   0.3191 0.3435    
One Brazilian Real Into US Dollars | Weighted average | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.3083 0.2858   0.3083 0.2858    
One Brazilian Real Into US Dollars | Weighted average | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.2966 0.3057   0.2966 0.3057    
One Brazilian Real Into US Dollars | Minimum | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.2991 0.2406   0.2991 0.2406    
One Brazilian Real Into US Dollars | Minimum | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Foreign currency exchange rates 0.2702 0.2406   0.2702 0.2406    
Impact of Changes in Foreign Currency Exchange Rates | Quarter To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Revenue $ (24,655,000)            
Operating expense 21,670,000            
Earnings from unconsolidated affiliates, net of losses 18,640,000            
Non-operating expense 14,286,000            
Loss before provision for income taxes 29,941,000            
Provision (benefit) for income taxes (8,865,000)            
Net income 21,076,000            
Cumulative translation adjustment (5,962,000)            
Total stockholders' investment 15,114,000     $ 15,114,000      
Impact of Changes in Foreign Currency Exchange Rates | Year To Date              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Revenue       (38,032,000)      
Operating expense       36,471,000      
Earnings from unconsolidated affiliates, net of losses       16,852,000      
Non-operating expense       4,169,000      
Loss before provision for income taxes       19,460,000      
Provision (benefit) for income taxes       (6,027,000)      
Net income       13,433,000      
Cumulative translation adjustment       (17,539,000)      
Total stockholders' investment $ (4,106,000)     $ (4,106,000)      
Airnorth              
Basis of Presentation, Consolidation and Summary of Significant Accounting Policies [Line Items]              
Business Acquisition, Percentage of Voting Interests Acquired             15.00%