Current report filing

SEGMENT INFORMATION, Revenue and Long Lived Assets by Country (Details)

v3.20.1
SEGMENT INFORMATION, Revenue and Long Lived Assets by Country (Details)
$ in Thousands
 1 Months Ended 3 Months Ended 5 Months Ended 7 Months Ended 12 Months Ended
Oct. 31, 2020
USD ($)
 [1]
Sep. 30, 2020
USD ($)
 [2]
Jun. 30, 2020
USD ($)
 [3]
Mar. 31, 2020
USD ($)
Country
Dec. 31, 2019
USD ($)
 [5]
Sep. 30, 2019
USD ($)
 [6]
Jun. 30, 2019
USD ($)
 [7]
Mar. 31, 2019
USD ($)
Mar. 31, 2020
USD ($)
Customer
Country
Oct. 31, 2019
USD ($)
Customer
Country
Dec. 31, 2020
USD ($)
 [1]
Mar. 31, 2020
USD ($)
Country
Mar. 31, 2019
USD ($)
Customer
Mar. 31, 2018
USD ($)
Customer
Segment Information [Abstract]                            
Revenues $ 105,827 $ 318,220 $ 333,176 $ 284,839 [4] $ 329,858 $ 349,343 $ 366,668 $ 323,793 [8] $ 485,763 $ 757,223 $ 200,924   $ 1,369,662 $ 1,433,975
Long-lived assets       876,754       1,834,180 876,754     $ 876,754 1,834,180  
Construction in progress, gross       $ 7,800       51,700 $ 7,800     $ 7,800 $ 51,700  
Number of countries, entity operates | Country       10         10 10   10    
Concentration risk percentage                       69.00%    
Customer Concentration Risk | Sales Revenue, Net                            
Segment Information [Abstract]                            
Concentration risk percentage                 62.00% 62.00%        
Number of other clients over 10% in any of three comparative years | Customer                 1 1     1 1
External Customer                            
Segment Information [Abstract]                            
Revenues                 $ 485,763 $ 757,223     $ 1,369,662 $ 1,433,975
U.K.                            
Segment Information [Abstract]                            
Revenues                 178,702 265,189     515,854 530,948
Long-lived assets       $ 394,394       600,714 394,394     $ 394,394 600,714  
Australia                            
Segment Information [Abstract]                            
Revenues                 30,606 70,144     170,461 199,264
Long-lived assets       95,110       162,681 95,110     95,110 162,681  
Nigeria                            
Segment Information [Abstract]                            
Revenues                 68,425 111,896     164,835 195,681
Long-lived assets       114,219       255,989 114,219     114,219 255,989  
United States                            
Segment Information [Abstract]                            
Revenues                 43,901 60,440     105,243 103,047
Long-lived assets       106,046       255,439 106,046     106,046 255,439  
Canada                            
Segment Information [Abstract]                            
Revenues                 21,139 27,479     43,970 50,714
Long-lived assets       50,068       155,594 50,068     50,068 155,594  
Norway                            
Segment Information [Abstract]                            
Revenues                 104,073 160,695     272,547 258,878
Long-lived assets       77,836       206,597 77,836     77,836 206,597  
Trinidad                            
Segment Information [Abstract]                            
Revenues                 18,563 32,896     52,463 53,144
Long-lived assets       16,676       126,892 16,676     16,676 126,892  
Other countries                            
Segment Information [Abstract]                            
Revenues                 20,354 $ 28,484     44,289 $ 42,299
Long-lived assets       $ 14,622       $ 18,560 $ 14,622     $ 14,622 $ 18,560  
[1] Operating loss and net loss for the combined one month ended October 31, 2019 (Predecessor) and two months ended December 31, 2019 (Successor) included: (a) a negative impact of $448.1 million and $430.8 million, respectively, resulting from organizational restructuring costs relating to fresh-start accounting adjustments loss, professional fees related to emergence from Chapter 11, debt related expenses from write-offs of discounts and financing fees as well as fees incurred relating to the DIP Credit Agreement and the ABL Facility, write-off of corporate lease leasehold improvements offset by the gain on settlement of liabilities subject to compromise and the reversal of the Backstop Commitment Agreement, (b) a negative impact of $133.3 million and $133.3 million, respectively, from the fair value of preferred stock derivative liability, (c) a negative impact of $56.9 million and $56.9 million, respectively, resulting from conversion features in the DIP Facility triggered upon emergence from Chapter 11, (d) a negative impact of $15.0 million and $5.0 million, respectively, resulting from the DIP claims liability expense, (e) a negative impact of $10.0 million and $9.8 million, respectively, resulting from the non-cash amortization of PBH contract intangible assets, (f) a negative impact of $0.3 million and $0.3 million, respectively, resulting from transaction costs incurred as a result of the pending Merger with Era. Net loss for the combined one month ended October 31, 2019 (Predecessor) and two months ended December 31, 2019 (Successor) included: (a) a negative impact of $5.4 million due to tax valuation allowances on deferred tax assets.
[2] Operating loss, net loss and diluted loss per share for the fiscal quarter ended September 30, 2019 (Predecessor) included: (a) a negative impact of $96.5 million, $83.8 million and $2.33, respectively, resulting from organizational restructuring costs related to professional fees related to the Chapter 11 Cases, H175 settlement charges from the rejection of the Company's aircraft purchase contract for the 22 H175 helicopters, Backstop Commitment Agreement estimated fees, lease termination costs resulting from the rejection of ten aircraft leases, debt related expenses related to its DIP Credit Agreement, separation programs across its global organization designed to increase efficiency and reduce costs, corporate lease termination cost offset by a termination credit from the rejection of four H225 aircraft and (b) a negative impact of $62.1 million, $53.3 million and $1.48, respectively, from the impairments of $42.0 million of the H225 aircrafts, $17.5 million of Airnorth goodwill and $2.6 million of its investment in Sky Future Partners, (c) offset by a positive impact of $0.4 million, $0.4 million and $0.01, respectively, resulting from the cash received from the sale of Aviashelf. Net loss and diluted loss per share for the fiscal quarter ended September 30, 2019 included: (a) a negative impact of $1.5 million and $0.04, respectively, from the write-off of a portion of the deferred financing fees and discount related to a portion of its 8.75% Senior Secured Notes and (b) a negative impact of $2.6 million and $0.07, respectively, due to tax valuation allowances on deferred tax assets.
[3] Operating loss, net loss and diluted loss per share for the fiscal quarter ended June 30, 2019 (Predecessor) included: (a) a negative impact of $91.4 million, $78.7 million and $2.19, respectively, from organizational restructuring costs resulting professional fees related to the Chapter 11 Cases, lease termination costs resulting from the rejection of ten aircraft leases, debt related expenses from write-offs of discounts and financing fees and separation programs across the Company's global organization designed to increase efficiency and reduce costs, (b) a negative impact of $56.3 million, $56.3 million and $1.57, respectively, on loss on sale of subsidiaries resulting from the sale of Eastern Airways, BHLL and Aviashelf and (c) negative impact of $10.8 million, $10.8 million and $0.30, respectively, from cost associated with the lease return costs of H225 aircrafts. Net loss and diluted loss per share for the fiscal quarter ended June 30, 2019 included: (a) a negative impact of $2.1 million and $0.06, respectively, related to the DIP Credit Agreement and (b) a negative impact of $0.7 million and $0.02, respectively, due to tax valuation allowances on deferred tax assets.
[4] Operating income and net income for the fiscal quarter ended March 31, 2020 (Successor) included: (a) a negative impact of $7.2 million and $5.7 million, respectively, resulting from professional fees related to post bankruptcy professional fees and organizational restructuring costs, (b) a negative impact of $6.0 million and $4.7 million, respectively, resulting from transaction costs incurred as a result of the pending Merger with Era, and (c) a negative impact of $5.5 million and $5.1 million, respectively, resulting from the non-cash amortization of PBH contract intangible assets. Net income for the fiscal quarter ended March 31, 2020 (Successor) included: (a) a positive impact of $317.5 million from the fair value of preferred stock derivative liability and (b) a negative impact of $0.1 million due to tax valuation allowances on deferred tax assets.
[5] Operating loss, net loss and diluted loss per share for the fiscal quarter ended December 31, 2018 (Predecessor) included: (a) a negative impact of $2.4 million, $2.4 million and $0.07, respectively, from organizational restructuring costs resulting from separation programs across the Company's global organization designed to increase efficiency and reduce costs and (b) a negative impact of $7.2 million, $5.7 million and $0.16, respectively, due to transaction cost resulting from announced agreement to acquire Columbia. Net loss and diluted loss per share for the fiscal quarter ended December 31, 2018 included a negative impact of $45.2 million and $1.26, respectively, due to tax valuation allowances and the Act.
[6] Operating loss, net loss and diluted loss per share for the fiscal quarter ended September 30, 2018 (Predecessor) included: (a) a negative impact of $2.7 million, $2.4 million and $0.07, respectively, from organizational restructuring costs resulting from separation programs across the Company's global organization designed to increase efficiency and reduce costs, (b) a negative impact of $1.2 million, $1.0 million and $0.03, respectively, due to transaction cost resulting from announced agreement to acquire Columbia and (c) a negative impact of $117.2 million, $101.1 million and $2.83, respectively, due to loss on impairment ($87.5 million on H225 aircraft, $8.9 million impairment of H225 inventory and $20.8 million of Eastern Airways asset). Net loss and diluted loss per share for the fiscal quarter ended September 30, 2018 included a negative impact of $10.3 million and $0.29, respectively, due to tax valuation allowances on deferred tax assets.
[7] Operating loss, net loss and diluted loss per share for the fiscal quarter ended June 30, 2018 (Predecessor) included: (a) a negative impact of $1.7 million, $1.7 million and $0.05, respectively, from organizational restructuring costs resulting from separation programs across the Company's global organization designed to increase efficiency and reduce costs.
[8] Operating loss, net loss and diluted loss per share for the fiscal quarter ended March 31, 2019 (Predecessor) included: (a) a negative impact of $5.0 million, $4.5 million and $0.13, respectively, from organizational restructuring costs resulting from separation programs across the Company's global organization designed to increase efficiency and reduce costs, (b) a negative impact of $24.4 million, $19.3 million and $0.54, respectively, due to transaction cost resulting from announced agreement to acquire Columbia and (c) a negative impact of $1.0 million, $0.8 million and $0.02, respectively, due to CEO succession cost. Net loss and diluted loss per share for the fiscal quarter ended March 31, 2019 included a negative impact of $7.2 million and $0.20, respectively, due to tax valuation allowances and the Act.