| Schedule of revenue by segment |
The following tables show region information reconciled to consolidated totals, and prepared on the same basis as the Company’s condensed consolidated financial statements (in thousands):
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Three Months Ended September 30, |
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Six Months Ended September 30, |
| |
2021 |
|
2020 |
|
2021 |
|
2020 |
| Region revenue from external customers: |
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| Europe |
$ |
167,099 |
|
|
$ |
164,920 |
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|
$ |
341,413 |
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|
$ |
331,913 |
|
| Africa |
18,601 |
|
|
23,056 |
|
|
35,874 |
|
|
54,778 |
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| Americas |
95,427 |
|
|
95,361 |
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|
181,765 |
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|
154,475 |
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| Asia Pacific |
20,100 |
|
|
21,112 |
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|
42,181 |
|
|
33,370 |
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| Corporate and other |
357 |
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|
191 |
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|
953 |
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|
297 |
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Total region revenue (1)
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$ |
301,584 |
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$ |
304,640 |
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$ |
602,186 |
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$ |
574,833 |
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_________________________________________________
(1) The above table represents disaggregated revenue from contracts with customers except for the following (in thousands):
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Three Months Ended September 30, |
|
Six Months Ended September 30, |
|
2021 |
|
2020 |
|
2021 |
|
2020 |
| Revenues not from contracts with customers: |
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| Europe |
$ |
1,162 |
|
|
$ |
348 |
|
|
$ |
1,539 |
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|
$ |
690 |
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Americas(1)
|
4,368 |
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|
9,964 |
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|
11,907 |
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|
20,333 |
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| Asia Pacific |
86 |
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|
83 |
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|
174 |
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|
157 |
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| Total region revenue |
$ |
5,616 |
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$ |
10,395 |
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$ |
13,620 |
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$ |
21,180 |
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_________________________________________________
(1) Includes revenues of approximately $0.9 million and $2.3 million from our unconsolidated affiliate in Canada, Cougar Helicopters Inc. (“Cougar”), previously included in Corporate and other for the three and six months ended September 30, 2020, respectively.
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| Operating Performance and Total Assets by Segment |
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Three Months Ended September 30, |
|
Six Months Ended September 30, |
| |
2021 |
|
2020 |
|
2021 |
|
2020 |
| Earnings (losses) from unconsolidated affiliates, net – equity method investments: |
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| Americas |
964 |
|
|
1,948 |
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|
(553) |
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(30) |
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| Total losses from unconsolidated affiliates, net – equity method investments |
$ |
964 |
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$ |
1,948 |
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$ |
(553) |
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$ |
(30) |
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| Consolidated operating income (loss): |
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| Europe |
$ |
13,484 |
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$ |
19,614 |
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$ |
36,516 |
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$ |
46,926 |
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| Africa |
(3,493) |
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|
(13,790) |
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|
(14,972) |
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|
(8,941) |
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| Americas |
21,723 |
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|
16,188 |
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|
33,955 |
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|
3,186 |
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| Asia Pacific |
(1,539) |
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|
4,535 |
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|
(1,757) |
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|
3,007 |
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| Corporate and other |
(17,862) |
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|
(40,729) |
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|
(54,159) |
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|
(77,761) |
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| Gain on disposal of assets |
162 |
|
|
(8,473) |
|
|
661 |
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|
(2,951) |
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| Total consolidated operating loss |
$ |
12,475 |
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|
$ |
(22,655) |
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|
$ |
244 |
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|
$ |
(36,534) |
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| Depreciation and amortization: |
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| Europe |
$ |
8,225 |
|
|
$ |
8,080 |
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$ |
18,169 |
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$ |
16,292 |
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| Africa |
1,300 |
|
|
1,284 |
|
|
3,976 |
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|
2,601 |
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| Americas |
3,748 |
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|
5,098 |
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|
9,500 |
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|
8,053 |
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| Asia Pacific |
1,881 |
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|
2,048 |
|
|
3,829 |
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|
4,054 |
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| Corporate and other |
2,490 |
|
|
2,027 |
|
|
5,365 |
|
|
3,893 |
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| Total depreciation and amortization |
$ |
17,644 |
|
|
$ |
18,537 |
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$ |
40,839 |
|
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$ |
34,893 |
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|
September 30, 2021 |
|
March 31, 2021 |
|
| Identifiable assets: |
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|
|
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| Europe |
$ |
966,733 |
|
|
$ |
1,026,042 |
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| Africa |
136,674 |
|
|
179,445 |
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| Americas |
544,706 |
|
|
579,169 |
|
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| Asia Pacific |
55,387 |
|
|
102,169 |
|
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| Corporate and other |
157,737 |
|
|
105,445 |
|
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Total identifiable assets |
$ |
1,861,236 |
|
|
$ |
1,992,270 |
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| Investments in unconsolidated affiliates – equity method: |
|
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| Europe |
$ |
26 |
|
|
$ |
679 |
|
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| Americas |
3,120 |
|
|
3,851 |
|
|
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| Total investments in unconsolidated affiliates – equity method |
$ |
3,146 |
|
|
$ |
4,530 |
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