Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION, MAJOR CUSTOMERS AND GEOGRAPHICAL DATA

v3.3.1.900
SEGMENT INFORMATION, MAJOR CUSTOMERS AND GEOGRAPHICAL DATA
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
SEGMENT INFORMATION, MAJOR CUSTOMERS AND GEOGRAPHICAL DATA
SEGMENT INFORMATION, MAJOR CUSTOMERS AND GEOGRAPHICAL DATA
The Company has determined that its operations comprise a single segment. Helicopters are highly mobile and may be utilized in any of the Company’s service lines as business needs dictate.
For the year ended December 31, 2015, Anadarko Petroleum Corporation (“Anadarko”) and the U.S. government accounted for 27% and 13%, respectively, of the Company’s operating revenues. For the year ended December 31, 2014, Anadarko and the U.S. government accounted for 26% and 10%, respectively, of the Company’s operating revenues. For the year ended December 31, 2013, Anadarko and the U.S. government accounted for 19% and 11%, respectively, of the Company’s operating revenues. For the years ended December 31, 2015, 2014 and 2013, approximately 21%, 15% and 18%, respectively, of the Company’s operating revenues were derived from foreign operations. The Company’s foreign revenues are primarily derived from dry-leasing activities and oil and gas operations in Brazil.
The following represents the Company’s operating revenues by geographical region in which services are provided for the years ended December 31, 2015, 2014 and 2013 (in thousands):
 
 
2015
 
2014
 
2013
Operating revenues:
 
 
 
 
 
 
United States
 
$
222,465

 
$
281,869

 
$
245,581

Latin America and the Caribbean
 
40,420

 
20,524

 
23,407

Europe
 
10,582

 
17,914

 
22,008

Asia
 
8,370

 
10,915

 
7,679

Canada
 
—

 
—

 
284

 
 
$
281,837

 
$
331,222

 
$
298,959

The Company’s long-lived assets are primarily its property and equipment employed in various geographical regions of the world. The following represents the Company’s property and equipment, net of accumulated depreciation, based upon the assets’ physical locations as of December 31, 2015 and 2014 (in thousands):
 
 
2015
 
2014
Property and equipment, net:
 
 
 
 
United States
 
$
643,492

 
$
639,852

Latin America and the Caribbean
 
139,293

 
134,829

Europe
 
51,037

 
70,134

Asia
 
25,394

 
18,311

 
 
$
859,216

 
$
863,126


The Company’s Brazilian operations include 268 employees, representing approximately 29% of the Company’s total workforce, that are covered under collective bargaining agreements, none of which expire within the next year.  Any disputes with its employees over the terms of the collective bargaining agreements could result in strikes or other work stoppages, higher labor costs or other conditions that may have a material adverse effect on the Company’s financial condition or results of operations.