Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION, MAJOR CUSTOMERS AND GEOGRAPHICAL DATA

v2.4.0.8
SEGMENT INFORMATION, MAJOR CUSTOMERS AND GEOGRAPHICAL DATA
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
SEGMENT INFORMATION, MAJOR CUSTOMERS AND GEOGRAPHICAL DATA
SEGMENT INFORMATION, MAJOR CUSTOMERS AND GEOGRAPHICAL DATA
The Company has determined that its operations comprise a single segment. Helicopters are highly mobile and may be utilized in any of the Company’s service lines as business needs dictate.
In 2013, Anadarko Petroleum Corporation (“Anadarko”) and the U.S. government accounted for 19% and 11%, respectively, of the Company’s operating revenues. In 2012, Anadarko and the U.S. government accounted for 15% and 11%, respectively, of the Company’s operating revenues. In 2011, Anadarko and Aeróleo accounted for 12% and 11%, respectively, of the Company’s operating revenues. For the years ended December 31, 2013, 2012 and 2011, approximately 18%, 22% and 28%, respectively, of the Company’s operating revenues were derived from foreign operations. The Company’s foreign revenues are primarily derived from international dry-leasing activities.
The following represents the Company’s operating revenues attributed by geographical region in which services are provided to customers for the years ended December 31 (in thousands):
 
 
2013
 
2012
 
2011
Operating Revenues:
 
 
 
 
 
 
United States
 
$
245,581

 
$
213,920

 
$
185,677

Latin America and the Caribbean
 
23,407

 
23,636

 
38,321

Europe
 
22,008

 
25,749

 
21,352

Asia
 
7,679

 
9,298

 
12,480

Canada
 
284

 
318

 
318

 
 
$
298,959

 
$
272,921

 
$
258,148

The Company’s long-lived assets are primarily its property and equipment employed in various geographical regions of the world. The following represents the Company’s property and equipment based upon the assets’ physical location as of December 31 (in thousands):
 
 
2013
 
2012
Property and Equipment:
 
 
 
 
United States
 
$
579,509

 
$
475,315

Latin America and the Caribbean
 
130,844

 
143,592

Europe
 
73,631

 
134,156

Asia
 
19,349

 
34,314

Canada
 
319

 
428

 
 
$
803,652

 
$
787,805