Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' INVESTMENT AND MEZZANINE EQUITY

v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' INVESTMENT AND MEZZANINE EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Noncontrolling Interests
Beginning balance at Mar. 31, 2019 $ 812,367 $ 386 $ 862,020 $ 455,598 $ (327,989) $ (184,796) $ 7,148
Beginning balance (in shares) at Mar. 31, 2019   35,918,916          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock 824   824        
Sale of subsidiaries (5,612)           (5,612)
Currency translation adjustments (11)           (11)
Net income (loss) (169,088)     (169,246)     158
Other comprehensive income 17,362       17,362    
Ending balance at Jun. 30, 2019 655,842 $ 386 862,844 286,352 (310,627) (184,796) 1,683
Ending balance (in shares) at Jun. 30, 2019   35,918,916          
Beginning balance at Mar. 31, 2019 812,367 $ 386 862,020 455,598 (327,989) (184,796) 7,148
Beginning balance (in shares) at Mar. 31, 2019   35,918,916          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Beneficial conversion feature on DIP Loan 56,870            
Currency translation adjustments 52            
Net income (loss) (836,206)            
Ending balance at Oct. 31, 2019 473 $ 0 0 0 0 0 473
Ending balance (in shares) at Oct. 31, 2019   0          
Beginning balance at Jun. 30, 2019 655,842 $ 386 862,844 286,352 (310,627) (184,796) 1,683
Beginning balance (in shares) at Jun. 30, 2019   35,918,916          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock 702   702        
Distributions paid to noncontrolling interests (1,323)           (1,323)
Currency translation adjustments 35           35
Net income (loss) (162,919)     (162,974)     55
Other comprehensive income (11,175)       (11,175)    
Ending balance at Sep. 30, 2019 481,162 $ 386 863,546 123,378 (321,802) (184,796) 450
Ending balance (in shares) at Sep. 30, 2019   35,918,916          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock 345   345        
Beneficial conversion feature on DIP Loan 56,870            
Currency translation adjustments 28           28
Net income (loss) (504,199)     (504,194)     (5)
Other comprehensive income 16,135       16,135    
Cancellation of Predecessor equity (49,868) $ (386) (920,761) 380,816 305,667 184,796  
Cancellation of Predecessor equity (in shares)   (35,918,916)          
Ending balance at Oct. 31, 2019 473 $ 0 0 0 0 0 473
Ending balance (in shares) at Oct. 31, 2019   0          
Ending balance, Mezzanine Equity Preferred Stock at Nov. 01, 2019 618,921            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of Successor common and preferred stock 294,671 $ 1 294,670 0 0 0 0
Issuance of Successor common and preferred stock (in shares)   11,235,535          
Ending balance at Nov. 01, 2019 294,566 $ 1 294,670 0 0 0 (105)
Ending balance (in shares) at Nov. 01, 2019   11,235,535          
Redeemable Noncontrolling Interests And Mezzanine equity preferred stock              
Issuance of stock 998            
Initial reclassification of embedded derivative to long-term liability (470,322)            
Ending balance, Mezzanine Equity Preferred Stock at Dec. 31, 2019 149,597            
Beginning balance at Oct. 31, 2019 473 $ 0 0 0 0 0 473
Beginning balance (in shares) at Oct. 31, 2019   0          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock 485   485        
Beneficial conversion feature on DIP Loan 0            
Currency translation adjustments (2)           (2)
Net income (loss) (152,543)     (152,512)     (31)
Other comprehensive income 7,349       7,349    
Ending balance at Dec. 31, 2019 149,855 $ 1 295,155 (152,512) 7,349 0 (138)
Ending balance (in shares) at Dec. 31, 2019   11,235,535          
Beginning balance, Redeemable Noncontrolling Interests at Mar. 31, 2020 0            
Beginning balance, Mezzanine Equity Preferred Stock at Mar. 31, 2020 [1] 149,785            
Redeemable Noncontrolling Interests And Mezzanine equity preferred stock              
Share repurchases (2,151)            
Preferred stock share conversion (146,448)            
Preferred stock compensation activity and conversion (1,186)            
Ending balance, Redeemable Noncontrolling Interests at Jun. 30, 2020 0            
Ending balance, Mezzanine Equity Preferred Stock at Jun. 30, 2020 0            
Beginning balance at Mar. 31, 2020 $ 426,216 $ 1 295,897 139,228 (8,641) 0 (269)
Beginning balance (in shares) at Mar. 31, 2020 11,235,566 11,235,566 [2]          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Share repurchases (in shares) [2]   (142,721)          
Share repurchases $ 1,263     1,263      
Preferred stock share conversion 413,296 $ 4 270,678 142,614      
Preferred stock share conversion (in shares) [2]   34,836,688          
Elimination of Old Bristow stock 0 $ (5) 5        
Elimination of Old Bristow stock (in shares) [2]   (45,929,533)          
Exchange of common stock 0 $ 231 (231)        
Exchange of common stock (in shares) [2]   23,026,894          
Purchase price and adjustment 108,340 $ 72 108,268        
Purchase price and adjustment (in shares) [2]   7,175,029          
Preferred stock compensation activity and conversion 6,370   6,370        
Purchase of Company common stock (tax withholding) (in shares) [2]   (42,199)          
Currency translation adjustments 13           13
Net income (loss) 71,404     71,477     (73)
Other comprehensive income 2,278       2,278    
Ending balance at Jun. 30, 2020 1,029,180 $ 303 680,987 354,582 (6,363) 0 (329)
Ending balance (in shares) at Jun. 30, 2020 [2]   30,159,724          
Beginning balance, Redeemable Noncontrolling Interests at Mar. 31, 2020 0            
Beginning balance, Mezzanine Equity Preferred Stock at Mar. 31, 2020 [1] 149,785            
Ending balance, Redeemable Noncontrolling Interests at Dec. 31, 2020 1,453            
Ending balance, Mezzanine Equity Preferred Stock at Dec. 31, 2020 [1] 0            
Beginning balance at Mar. 31, 2020 $ 426,216 $ 1 295,897 139,228 (8,641) 0 (269)
Beginning balance (in shares) at Mar. 31, 2020 11,235,566 11,235,566 [2]          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Beneficial conversion feature on DIP Loan $ 0            
Currency translation adjustments (9)            
Net income (loss) (13,849)            
Ending balance at Dec. 31, 2020 $ 979,051 $ 303 685,575 269,600 34,153 (10,007) (573)
Ending balance (in shares) at Dec. 31, 2020 29,710,476 29,710,476 [2]          
Beginning balance, Redeemable Noncontrolling Interests at Jun. 30, 2020 $ 0            
Beginning balance, Mezzanine Equity Preferred Stock at Jun. 30, 2020 0            
Redeemable Noncontrolling Interests And Mezzanine equity preferred stock              
Era purchase price adjustment 1,501            
Net loss (18)            
Ending balance, Redeemable Noncontrolling Interests at Sep. 30, 2020 1,483            
Ending balance, Mezzanine Equity Preferred Stock at Sep. 30, 2020 0            
Beginning balance at Jun. 30, 2020 1,029,180 $ 303 680,987 354,582 (6,363) 0 (329)
Beginning balance (in shares) at Jun. 30, 2020 [2]   30,159,724          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Share award amortization 2,008   2,008        
Purchase of treasury shares (in shares) [2]   (345,757)          
Purchase of treasury shares (7,579)         (7,579)  
Purchase price and adjustment 395   395        
Purchase price and adjustment (in shares) [2]   (233)          
Currency translation adjustments (14)           (14)
Net income (loss) (27,974)     (27,861)     (113)
Other comprehensive income 14,043       14,043    
Ending balance at Sep. 30, 2020 1,010,059 $ 303 683,390 326,721 7,680 (7,579) (456)
Ending balance (in shares) at Sep. 30, 2020 [2]   29,813,734          
Redeemable Noncontrolling Interests And Mezzanine equity preferred stock              
Net loss (30)            
Ending balance, Redeemable Noncontrolling Interests at Dec. 31, 2020 1,453            
Ending balance, Mezzanine Equity Preferred Stock at Dec. 31, 2020 [1] 0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock 2,185   2,185        
Purchase of treasury shares (in shares) [2]   (103,258)          
Purchase of treasury shares (2,428)         (2,428)  
Currency translation adjustments (8)           (8)
Net income (loss) (57,230)     (57,121)     (109)
Net income (loss) (57,260)            
Other comprehensive income 26,473       26,473    
Ending balance at Dec. 31, 2020 $ 979,051 $ 303 $ 685,575 $ 269,600 $ 34,153 $ (10,007) $ (573)
Ending balance (in shares) at Dec. 31, 2020 29,710,476 29,710,476 [2]          
[1] Share information displayed as of March 31, 2020 does not take into account the impact of the Merger.
[2] Certain shares were reclassified out of common stock issued and into unissued.