PROPERTY AND EQUIPMENT (Tables)
|9 Months Ended|
Dec. 31, 2020
|Property, Plant and Equipment [Abstract]|
|Capital Expenditures And Aircraft Sold or Disposed of and Impairments on Assets Held-for-sale||
The Company made capital expenditures as follows (in thousands, except number of aircraft):
(1)U. K. SAR configured AW189.
The following table presents details on the aircraft sold or disposed of (in thousands, except for number of aircraft):
(1)In connection with the Company’s emergence from bankruptcy and the application of ASC 852, the Company adjusted property and equipment by $768.6 million to its respective fair value of $931.7 million at the Effective Date.
Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef