Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION (Tables)

v3.20.2
REVENUE RECOGNITION (Tables)
6 Months Ended
Sep. 30, 2020
Revenue Recognition [Abstract]  
Schedule of Revenue Related to Third Party Customers Fixed-term contracts typically have original terms of one to five years, subject to provisions permitting early termination by customers. Customers are typically invoiced on a monthly basis with payment terms of 30-60 days.
The following table shows the total revenue related to third party customers (in thousands):
 
Three Months Ended September 30,
 
 
Six Months Ended September 30,
 
Successor
 
 
Predecessor
 
 
Successor
 
 
Predecessor
 
2020
 
 
2019
 
 
2020
 
 
2019
Revenue:
 
 
 
 
 
 
 
 
 
 
Operating revenue from non-affiliates
$
282,060

 
 
$
290,939

 
 
$
528,189

 
 
$
594,672

Operating revenue from affiliates
3,267

 
 
5,365

 
 
7,861

 
 
9,840

Reimbursable revenue from non-affiliates
8,918

 
 
13,536

 
 
17,603

 
 
30,136

Revenue from Contracts with Customers
294,245

 
 
309,840

 
 
553,653

 
 
634,648

Other revenue from non-affiliates
447

 
 
409

 
 
867

 
 
806

Other revenue from affiliates
9,948

 
 
7,971

 
 
20,313

 
 
15,942

Total Revenue
$
304,640

 
 
$
318,220

 
 
$
574,833

 
 
$
651,396


Schedule of Remaining Performance Obligations The table below discloses (1) the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period and (2) the expected timing to recognize this revenue (in thousands):
 
Remaining Performance Obligations (Successor)
 
Six Months Ending March 31, 2021
 
Fiscal Year Ending March 31,
 
Total
 
 
2022
 
2023
 
2024
 
2025 and thereafter
 
Outstanding Service Revenue:
 
 
 
 
 
 
 
 
 
 
 
Helicopter contracts
$
223,773

 
$
243,575

 
$
198,487

 
$
171,741

 
271,155

 
$
1,108,731

Fixed wing contracts
718

 

 

 

 

 
718

Total remaining performance obligation revenue
$
224,491

 
$
243,575

 
$
198,487

 
$
171,741

 
271,155

 
$
1,109,449