| PROPERTY AND EQUIPMENT Property and Equipment Acquisitions
The Company made capital expenditures as follows (in thousands):
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Three Months Ended December 31, |
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Nine Months Ended December 31, |
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2021 |
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2020 |
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2021 |
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2020 |
Number of aircraft delivered(1)
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— |
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— |
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1 |
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— |
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| Capital expenditures: |
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| Aircraft and equipment |
$ |
5,711 |
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$ |
3,564 |
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$ |
21,671 |
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$ |
10,612 |
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| Land and buildings |
209 |
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296 |
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1,555 |
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|
620 |
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| Total capital expenditures |
$ |
5,920 |
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$ |
3,860 |
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$ |
23,226 |
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$ |
11,232 |
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(1)Previously leased S92 heavy helicopter acquired during the nine months ended December 31, 2021 pursuant to a contractual obligation in the lease.
Property and Equipment Dispositions
The following table presents details on the aircraft sold or disposed of (in thousands, except for number of aircraft):
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Three Months Ended December 31, |
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Nine Months Ended December 31, |
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2021 |
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2020 |
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2021 |
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2020 |
| Number of aircraft sold or disposed of |
1 |
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14 |
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10 |
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46 |
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| Proceeds from sale or disposal of assets |
$ |
740 |
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$ |
14,361 |
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$ |
14,549 |
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$ |
66,501 |
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| Gain (loss) on disposal of assets |
$ |
727 |
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$ |
1,951 |
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$ |
1,388 |
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$ |
(1,000) |
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