Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Revenue:    
Revenue $ 300,602 $ 270,193
Costs and expenses:    
General and administrative expenses 37,483 35,394
Merger-related costs 1,735 17,418
Restructuring costs 851 3,012
Depreciation and amortization 23,195 16,356
Total costs and expenses 289,881 268,383
Loss on impairment (21,934) (19,233)
Gain on disposal of assets 499 5,522
Losses from unconsolidated affiliates, net (1,517) (1,978)
Operating loss (12,231) (13,879)
Interest income 66 262
Interest expense (10,624) (12,504)
Loss on extinguishment of debt 0 (615)
Reorganization items, net (446) 0
Loss on sale of subsidiaries (2,002) 0
Change in fair value of preferred stock derivative liability 0 15,416
Gain on bargain purchase 0 75,433
Other, net 6,184 4,001
Total other income (expense), net (6,822) 81,993
Income (loss) before income taxes (19,053) 68,114
Benefit for income taxes 4,842 3,290
Net income (loss) (14,211) 71,404
Net loss attributable to noncontrolling interests 14 73
Net income (loss) attributable to Bristow Group $ (14,197) $ 71,477
Income (loss) per common share:    
Basic (in dollars per share) [1] $ (0.50) $ 18.41
Diluted (in dollars per share) [1] $ (0.50) $ 5.16
Weighted average common shares outstanding:    
Basic (in shares) [1] 28,669,417 11,102,611
Diluted (in shares) [1] 28,669,417 38,988,528
Service    
Revenue:    
Revenue $ 288,351 $ 261,508
Costs and expenses:    
Operating expenses 214,503 187,555
Reimbursable    
Revenue:    
Revenue 12,251 8,685
Costs and expenses:    
Operating expenses $ 12,114 $ 8,648
[1] See Note 9 to the condensed consolidated financial statements for details on prior year income (loss) per share and weighted average common shares outstanding.