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ACQUISITIONS (Tables) - Airnorth
 12 Months Ended
Mar. 31, 2017
Business Acquisition [Line Items]  
Schedule of business acquisitions, by acquisition
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 (1)
24,252

Prepaid expenses and other assets (1)
4,403

Total assets
83,665

 
 
Current liabilities, including debt (1)
(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


_____________
(1) 
For details on the correction of an immaterial error related to the acquisition of Airnorth, see Note 1.
Temporary equity
Changes in the balance for the redeemable noncontrolling interest related to Airnorth are as follows (in thousands):
 
 
Acquisition of Airnorth on January 29, 2015
$
3,427

Noncontrolling interest expense
(39
)
Currency translation
(49
)
Balance as of March 31, 2015
3,339

Noncontrolling interest expense
788

Accretion of noncontrolling interest
1,498

Currency translation
(158
)
Acquisition of remaining 15% of Airnorth
(5,467
)
Balance as of March 31, 2016
$
—
Business acquisition, pro forma information
The summary pro forma condensed consolidated financial information presented below for fiscal year 2015 gives effect to the acquisition of Airnorth as if it had occurred as of April 1, 2013. 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
 
 
 
(In thousands)
(Unaudited)
Gross revenue
$
1,927,680

Net income
87,902