COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Jun. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

Schedule Of Separation Programs [Table Text Block]

The expense related to the VSPs and ISPs for the three months ended June 30, 2017 and 2016 is as follows (in thousands):



	Three Months Ended June 30,
	2017		2016
VSP:
Direct cost	$	—	$	855
General and administrative	—		23
Total	$	—	$	878
ISP:
Direct cost	$	1,070	$	498
General and administrative	7,609		4,030
Total	$	8,679	$	4,528

Aircraft purchase contracts table

As shown in the table below, we expect to make additional capital expenditures over the next six fiscal years to purchase additional aircraft. As of June 30, 2017, we had 29 aircraft on order and options to acquire an additional four aircraft. Although a similar number of our existing aircraft may be sold during the same period, the additional aircraft on order will provide incremental fleet capacity in terms of revenue and operating income.



	Nine Months Ending March 31, 2018		Fiscal Year Ending March 31,
	Nine Months Ending March 31, 2018		2019		2020		2021		2022 and thereafter⁽¹⁾		Total
Commitments as of June 30, 2017: ⁽²⁾
Number of aircraft:
Medium	2		—		—		—		—		2
Large	—		5		4		4		10		23
U.K. SAR	4		—		—		—		—		4
	6		5		4		4		10		29
Related commitment expenditures (in thousands) ⁽³⁾
Medium and large	$	995	$	94,804	$	74,118	$	71,124	$	128,857	$	369,898
U.K. SAR	62,889		—		—		—		—		62,889
	$	63,884	$	94,804	$	74,118	$	71,124	$	128,857	$	432,787
Options as of June 30, 2017:
Number of aircraft:
Large	—		2		2		—		—		4
	—		2		2		—		—		4

Related option expenditures (in thousands) ⁽³⁾	$	—	$	44,181	$	31,536	$	—	$	—	$	75,717

_____________


⁽¹⁾	Includes $86.0 million for five aircraft orders that can be cancelled prior to delivery dates. As of June 30, 2017, we made non-refundable deposits of $4.5 million related to these aircraft.


⁽²⁾	Signed client contracts are currently in place that will utilize four of these aircraft.


⁽³⁾	Includes progress payments on aircraft scheduled to be delivered in future periods only if options are exercised.

Rollforward schedule of aircraft purchase orders and options

The following chart presents an analysis of our aircraft orders and options during the three months ended June 30, 2017:



	Orders		Options
Beginning of period	32		4
Aircraft delivered	(3	)	—
End of period	29		4

Aircraft lease table

The following is a summary of the terms related to aircraft leased under operating leases with original or remaining terms in excess of one year as of June 30, 2017:



	End of Lease Term		Number of Aircraft
	Nine months ending March 31, 2018 to fiscal year 2019		29
	Fiscal year 2020 to fiscal year 2022		48
	Fiscal year 2023 to fiscal year 2024		14
			91