Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT (Tables)

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PROPERTY AND EQUIPMENT (Tables)
 9 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Capital Expenditures And Aircraft Sold or Disposed of and Impairments on Assets Held-for-sale
The Company made capital expenditures as follows (in thousands):
Three Months Ended December 31, Nine Months Ended December 31,
  2021 2020 2021 2020
Number of aircraft delivered(1)
—  —  1  — 
Capital expenditures:
Aircraft and equipment $ 5,711  $ 3,564  $ 21,671  $ 10,612 
Land and buildings 209  296  1,555  620 
Total capital expenditures $ 5,920  $ 3,860  $ 23,226  $ 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.
The following table presents details on the aircraft sold or disposed of (in thousands, except for number of aircraft):
Three Months Ended December 31, Nine Months Ended December 31,
2021 2020 2021 2020
Number of aircraft sold or disposed of 1  14  10  46 
Proceeds from sale or disposal of assets $ 740  $ 14,361  $ 14,549  $ 66,501 
Gain (loss) on disposal of assets $ 727  $ 1,951  $ 1,388  $ (1,000)