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

Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Tables)

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2015

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

The Company’s financial assets and liabilities as of June 30, 2015 and December 31, 2014 that are measured at fair value on a recurring basis were as follows (in thousands):



	Level 1		Level 2		Level 3
June 30, 2015
LIABILITIES
Derivative instruments⁽¹⁾	$	—	$	192	$	—

December 31, 2014
LIABILITIES
Derivative instruments⁽¹⁾	$	—	$	1,109	$	—

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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 June 30, 2015 and December 31, 2014 were as follows (in thousands):



	Carrying Amount		Level 1		Level 2		Level 3
June 30, 2015
LIABILITIES
Long-term debt, including current portion	$	293,801	$	—	$	293,071	$	—

December 31, 2014
LIABILITIES
Long-term debt, including current portion	$	309,544	$	—	$	320,099	$	—