Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS AND DISPOSITIONS (Tables)

v3.8.0.1
ACQUISITIONS AND DISPOSITIONS (Tables)
 12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments
The table below represents the Company’s pro forma results of operations assuming the consolidation of Aeróleo took place on January 1, 2015 (unaudited, in thousands):
 
Historical
 
Pro Forma
 
Pro Forma
 
Results
 
Adjustments
 
Results
Year Ended December 31, 2015
 
 
 
 
 
Operating revenues
$
281,837

 
$
35,789

 
$
317,626

Net income
$
8,705

 
$
377

 
$
9,082

Property, Plant and Equipment, Additions
A summary of changes to our owned helicopter fleet during the years ended December 31, 2017, 2016 and 2015 were as follows:
Equipment Additions
 
2017
 
2016
 
2015
 
 
 
 
(1) 
 
(2) 
Light helicopters - single engine
 
—

 
—

 
1

Light helicopters - twin engine
 
—

 
—

 
3

Medium helicopters
 
—

 
—

 
—

Heavy helicopters
 
1

 
2

 
4

 
 
1

 
2

 
8

_______________
(1)
Includes two heavy helicopters that were not yet placed in service as of December 31, 2016.
(2)
Includes three light-twin helicopters and one single engine helicopter acquired in connection with the acquisition of Hauser.
Disposal Groups, Including Discontinued Operations
Equipment Dispositions
 
2017
 
2016
 
2015
 
 
 
 
 
 
(1) 
Light helicopters - single engine
 
1

 
2

 
10

Light helicopters - twin engine
 
1

 
1

 
3

Medium helicopters
 
1

 
6

 
7

Heavy helicopters
 
—

 
—

 
—

 
 
3

 
9

 
20


_______________
(1)
Includes two single engine helicopters disposed in sales-type leases.