Bristow Group Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The Company’s financial assets and liabilities as of September 30, 2014 and December 31, 2013 that are measured at fair value on a recurring basis were as follows (in thousands):



	Level 1		Level 2		Level 3
September 30, 2014
LIABILITIES
Derivative instruments⁽¹⁾	$	—	$	1,991	$	—

December 31, 2013
LIABILITIES
Derivative instruments⁽¹⁾	$	—	$	621	$	—

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(1)	The fair value of the Company’s derivative instruments was estimated using market data gathered by a third party financial institution, adjusted for market and credit risks applicable to the Company.

Estimated Fair Value Of Other Financial Assets And Liabilities

The estimated fair values of the Company’s other financial assets and liabilities as of September 30, 2014 and December 31, 2013 were as follows (in thousands):



	Carrying Amount		Level 1		Level 2		Level 3
September 30, 2014
LIABILITIES
Long-term debt, including current portion	$	280,177	$	—	$	295,995	$	—

December 31, 2013
LIABILITIES
Long-term debt, including current portion	$	282,178	$	—	$	297,399	$	—