Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS AND DISPOSITIONS (Tables)

v3.3.1.900
ACQUISITIONS AND DISPOSITIONS (Tables)
 12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The table below presents the fair value of Aeróleo’s identifiable assets acquired and liabilities assumed as of October 1, 2015 (unaudited, in thousands):
Assets
 
Cash
$
1,418

Other current assets
11,788

Non-current assets
3,386

Total assets
$
16,592

Liabilities and redeemable noncontrolling interest

Current liabilities
9,206

Non-current liabilities
7,320

Redeemable noncontrolling interest
4

Total liabilities and redeemable noncontrolling interest
$
16,530

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, 2014 (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

 
 
 
 
 
 
Year Ended December 31, 2014
 
 
 
 
 
Operating revenues
$
331,222

 
$
43,076

 
$
374,298

Net income
$
17,117

 
$
(2,837
)
 
$
14,280

Property, Plant and Equipment, Additions
A summary of changes to our owned helicopter fleet during the years ended December 31, 2015, 2014 and 2013 were as follows:
Equipment Additions
 
2015
 
2014
 
2013
 
 
(1) 
 
 
 
(2) 
Light helicopters - single engine
 
1

 
—

 
—

Light helicopters - twin engine
 
3

 
—

 
2

Medium helicopters
 
—

 
4

 
4

Heavy helicopters
 
4

 
—

 
—

 
 
8

 
4

 
6

_______________
(1)
Includes three light-twin helicopters and one single engine helicopter acquired in connection with the acquisition of Hauser.
(2)
Includes two light-twin helicopters and one medium helicopter that were previously leased-in.
Disposal Groups, Including Discontinued Operations
Equipment Dispositions
 
2015
 
2014
 
2013
 
 
(1) 
 
 
 
 
Light helicopters - single engine
 
10

 
—

 
—

Light helicopters - twin engine
 
3

 
—

 
4

Medium helicopters
 
7

 
3

 
10

Heavy helicopters
 
—

 
—

 
1

 
 
20

 
3

 
15


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