Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' INVESTMENT AND MEZZANINE EQUITY

v3.21.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' INVESTMENT AND MEZZANINE EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
 [1]
Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
 [1]
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Noncontrolling Interests
Beginning balance at Mar. 31, 2018 $ 1,183,501 $ (1,746) $ 382 $ 852,565 $ 794,191 $ (1,746) $ (286,094) $ (184,796) $ 7,253
Beginning balance (in shares) at Mar. 31, 2018     35,526,625            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock (in shares)     392,291            
Issuance of common stock 8,867   $ 4 8,863          
Tax impact of warrants and options issued 592     592          
Distributions paid to noncontrolling interests (54)               (54)
Dividends paid to noncontrolling interests (580)               (580)
Currency translation adjustments (180)               (180)
Net income (loss) (336,138)       (336,847)       709
Other comprehensive income (loss) (41,895)           (41,895)    
Ending balance at Mar. 31, 2019 812,367   $ 386 862,020 455,598   (327,989) (184,796) 7,148
Ending balance (in shares) at Mar. 31, 2019     35,918,916            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Beneficial conversion feature on DIP Loan 56,870     56,870          
Issuance of common stock 1,871     1,871          
Sale of subsidiaries 5,612               5,612
Distributions paid to noncontrolling interests (1,323)               (1,323)
Currency translation adjustments 52               52
Net income (loss) (836,206)       (836,414)       208
Other comprehensive income (loss) 22,322           22,322    
Cancellation of Predecessor equity (49,868)   $ (386) (920,761) 380,816   305,667 184,796  
Cancellation of Predecessor equity (in shares)     (35,918,916)            
Ending balance at Oct. 31, 2019 473   $ 0 0 0   0 0 473
Ending balance (in shares) at Oct. 31, 2019     0            
Ending balance, Redeemable Noncontrolling Interests at Nov. 01, 2019 0                
Ending balance, Mezzanine Equity Preferred Stock at Nov. 01, 2019 618,921                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of Successor common and preferred stock 294,671   $ 1 294,670 0   0 0 0
Issuance of Successor common and preferred stock (in shares)     11,235,535            
Ending balance at Nov. 01, 2019 294,566   $ 1 294,670 0   0 0 (105)
Ending balance (in shares) at Nov. 01, 2019     11,235,535            
Redeemable Noncontrolling Interests And Mezzanine equity preferred stock                  
Issuance of stock 1,186                
Initial reclassification of embedded derivative to long-term liability (470,322)                
Ending balance, Redeemable Noncontrolling Interests at Mar. 31, 2020 0                
Ending balance, Mezzanine Equity Preferred Stock at Mar. 31, 2020 [2] 149,785                
Beginning balance at Oct. 31, 2019 473   $ 0 0 0   0 0 473
Beginning balance (in shares) at Oct. 31, 2019     0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock (in shares)     31            
Issuance of common stock 1,227     1,227          
Currency translation adjustments (12)               (12)
Net income (loss) 139,076       139,228       (152)
Other comprehensive income (loss) (8,641)           (8,641)    
Ending balance at Mar. 31, 2020 $ 426,216   $ 1 295,897 139,228   (8,641) 0 (269)
Ending balance (in shares) at Mar. 31, 2020 11,235,566   11,235,566            
Redeemable Noncontrolling Interests And Mezzanine equity preferred stock                  
Share repurchases $ (2,151)                
Preferred stock share conversion (146,448)                
Preferred stock compensation activity and conversion (1,186)                
Era purchase price adjustment 1,501                
Net income (loss) 71                
Ending balance, Redeemable Noncontrolling Interests at Mar. 31, 2021 1,572                
Ending balance, Mezzanine Equity Preferred Stock at Mar. 31, 2021 [2] 0                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share repurchases (in shares)     (142,721)            
Share repurchases 1,263       1,263        
Preferred stock share conversion 413,296   $ 4 270,678 142,614        
Preferred stock share conversion (in shares)     34,836,688            
Elimination of Old Bristow stock 0   $ (5) 5          
Elimination of Old Bristow stock (in shares)     (45,929,533)            
Exchange of common stock 0   $ 231 (231)          
Exchange of common stock (in shares)     23,026,894            
Era purchase price 108,340   $ 72 108,268          
Era purchase price (in shares)     7,175,029            
Preferred stock compensation activity and conversion 6,370     6,370          
Issuance of common stock (in shares)     1,280            
Share award amortization 6,333     6,333          
Purchase of treasury shares (in shares)     (466,700)            
Purchase of treasury shares (10,501)             (10,501)  
Era purchase price adjustment (in shares)     (233)            
Era purchase price adjustment 395     395          
Purchase of Company common stock (tax withholding) (in shares)     42,199            
Currency translation adjustments (11)               (11)
Net income (loss) (56,285)                
Net income (loss) (56,356)       (56,094)       (262)
Other comprehensive income (loss) 1,726           1,726    
Ending balance at Mar. 31, 2021 $ 897,071   $ 303 $ 687,715 $ 227,011   $ (6,915) $ (10,501) $ (542)
Ending balance (in shares) at Mar. 31, 2021 29,694,071   29,694,071            
[1] Cumulative-effect adjustment upon the adoption of new accounting guidance related to current and deferred income taxes for intra-entity transfer of assets other than inventory. For further details, see Note 1.
[2] Share information displayed as of March 31, 2020 does not take into account the impact of the Merger.