Bristow Group Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

3 Months Ended

Mar. 31, 2019

The Company’s maturity analysis of lease payments under operating leases that had a remaining term in excess of one year as of December 31, 2018 were as follows (in thousands):



	Maturity of Lease Liabilities
2019	$	1,573
2020	1,530
2021	987
2022	562
2023	495
Years subsequent to 2023	7,952
Total future minimum lease payments	$	13,099

Lease Maturity Analysis - ASC 842

The Company’s maturity analysis of lease payments under operating leases that have a remaining term in excess of one year as of March 31, 2019 were as follows (in thousands):



	Maturity of Lease Liabilities
2019 (excluding the three months ended March 31, 2019)	$	1,591
2020	2,072
2021	1,081
2022	657
2023	633
Years subsequent to 2023	8,959
Total future minimum lease payments	14,993
Less: imputed interest	6,533
Present value of lease liabilities	$	8,460

Assets and Liabilities, Lessee



Reported balances:
Other current liabilities	$	1,687
Long-term lease liabilities	6,773
Total operating lease liabilities	$	8,460

Lease, Cost

Other information related to these leases is as follows:



	2019
Weighted average remaining lease term	11 years
Weighted average discount rate	4.46		%
Cash paid for amounts included in the measurement of lease liabilities during the three months ended March 31, 2019 (in thousands)	$	513