PROPERTY AND EQUIPMENT, ASSETS HELD FOR SALE AND OEM COST RECOVERIES (Tables)

12 Months Ended

Mar. 31, 2019

Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]

Capital expenditures

During fiscal years 2019, 2018 and 2017, we made capital expenditures as follows:

	Fiscal Year Ended March 31,
	2019		2018		2017
Number of aircraft delivered:
Medium (1)	1		5		5
SAR aircraft	—		—		4
Total aircraft	1		5		9
Capital expenditures (in thousands):
Aircraft and related equipment (2)	$	35,315	$	32,418	$	127,447
Other	5,587		13,869		7,663
Total capital expenditures	$	40,902	$	46,287	$	135,110

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⁽¹⁾  During fiscal year 2019, we purchased an aircraft that was not on order that was previously leased.

⁽²⁾  During fiscal year 2019, we made no progress payments for aircraft to be delivered for future periods. During fiscal years 2018 and 2017, we spent $2.3 million and $71.4 million, respectively, on progress payments for aircraft to be delivered in future periods.

Sold or disposed of and impairments on assets held for sale

The following table presents details on the aircraft sold or disposed of and impairments on assets held for sale during fiscal years 2019, 2018 and 2017:

	Fiscal Year Ended March 31,
	2019		2018		2017
	(In thousands, except for number of aircraft)
Number of aircraft sold or disposed of	8		11		14
Proceeds from sale or disposal of assets	$	13,813	$	48,740	$	18,471
Loss from sale or disposal of assets (1)	$	4,995	$	1,742	$	2,049
Number of aircraft impaired	5		8		14
Impairment charges on aircraft held for sale (1) (2)	$	8,149	$	15,853	$	12,450
Impairment charges on property and equipment (3)	$	104,939	$	—	$	—
Contract termination costs(1)(4)	$	14,699	$	—	$	—

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⁽¹⁾  Included in loss on disposal of assets on our consolidated statement of operations.

⁽²⁾  Includes a $6.5 million impairment of the Bristow Academy disposal group for fiscal year 2018.

⁽³⁾  Includes an $87.5 million impairment related to H225s and a $17.5 million impairment related to Eastern Airways assets for fiscal year 2019, included in loss on impairment on our consolidated statement of operations. See Loss on Impairment in Note 1 for further details.

⁽⁴⁾  Includes $11.7 million of progress payments and $2.3 million of capitalized interest for an aircraft purchase contract that was terminated in fiscal year 2019. Additionally, $0.5 million of progress payments and $0.2 million of capitalized interest for aircraft options were terminated in fiscal year 2019. For further details, see Note 8.