Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

v3.22.2
STOCKHOLDERS' EQUITY (Tables)
 3 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of earnings per share, basic and diluted The following table shows the computation of basic and diluted earnings per stock (in thousands, except per stock amounts):
Three Months Ended June 30,
  2022 2021
Income (loss):
Net income (loss) attributable to Bristow Group Inc. $ 3,987  $ (14,197)
Less: Net income attributable to participating securities —  $ — 
Net income (loss) attributable to fully vested common stock $ 3,987  $ (14,197)
Shares of common stock:
Weighted average number of common stock outstanding – basic 28,269  $ 28,669 
Net effect of dilutive stock 643  $ — 
Weighted average number of common stock outstanding – diluted(1)
28,912  $ 28,669 
Earnings (losses) per common stock - basic $ 0.14  $ (0.50)
Earnings (losses) per common stock - diluted $ 0.14  $ (0.50)
__________________(1)Excludes weighted average common stock of 1,032,816 and 238,599 for the three months ended June 30, 2022 and 2021, respectively, for certain stock awards as the effect of their inclusion would have been antidilutive
Schedule of accumulated other comprehensive income (loss)
The following table shows the changes in balances for accumulated other comprehensive income (loss) (in thousands):
  Currency Translation Adjustments
Pension Liability Adjustments (1)
Unrealized gain on cash flow hedges (2)
Total
Balance as of March 31, 2022 $ 5,643  $ (30,274) $ 1,181  $ (23,450)
Other comprehensive income (loss) before reclassification (45,708) —  1,296  (44,412)
Net current period other comprehensive income (loss) $ (45,708) $ —  $ 1,296  $ (44,412)
Foreign exchange rate impact (2,355) 2,355  —  — 
Balance as of June 30, 2022 $ (42,420) $ (27,919) $ 2,477  $ (67,862)
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(1)Reclassification of amounts related to pension liability adjustments are included as a component of net periodic pension cost.
(2)Reclassification of amounts related to cash flow hedges are included as direct costs.