Annual report pursuant to Section 13 and 15(d)

SEGMENT AND GEOGRAPHIC AREA INFORMATION (Tables)

v3.24.0.1
SEGMENT AND GEOGRAPHIC AREA INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of percentage of operating revenues by major customer
The percentage of the Company’s operating revenues were derived from the following major customers for the periods reflected in the table below were as follows:
Twelve Months Ended December 31, 2023 Nine Months Ended December 31, 2022 Twelve Months Ended March 31, 2022
Customer A 18.5  % 19.4  % 20.3  %
Customer B 8.8  % 9.0  % 11.1  %
Customer C 5.6  % 6.0  % 6.3  %
Total percentage of operating revenues 32.9  % 34.4  % 37.7  %
Operating Performance and Total Assets by Segment
The following tables show region information reconciled to consolidated totals, and prepared on the same basis as the Company’s consolidated financial statements (in thousands):
Twelve Months Ended December 31, 2023 Nine Months Ended December 31, 2022 Twelve Months Ended March 31, 2022
Region revenues from external customers:
Europe $ 721,553  $ 492,981  $ 662,421 
Americas 366,214  287,975  379,623 
Africa 122,638  77,038  69,663 
Asia Pacific 87,024  64,217  72,035 
Other —  358  1,462 
Total region revenues $ 1,297,429  $ 922,569  $ 1,185,204 
Consolidated operating income (loss):
Europe $ 52,017  $ 45,020  $ 62,082 
Americas 62,614  46,208  71,571 
Africa 27,959  (986) (27,848)
Asia Pacific 11,256  2,809  (13,454)
Other (94,207) (62,700) (92,515)
Gains (losses) on disposal of assets 1,112  (480) 1,347 
Total consolidated operating income (loss) $ 60,751  $ 29,871  $ 1,183 

December 31,
2023 2022
Identifiable assets:
Europe $ 1,186,587  $ 1,012,291 
Americas 525,050  484,410 
Africa 88,445  84,528 
Asia Pacific 58,980  37,459 
Other 78,216  193,313 
Total identifiable assets $ 1,937,278  $ 1,812,001 
Information by geographic area is as follows (in thousands):
Twelve Months Ended December 31, 2023 Nine Months Ended December 31, 2022 Twelve Months Ended March 31, 2022
Revenues:
UK $ 436,419  $ 305,862  $ 406,089 
Norway 240,793  179,724  256,461 
U.S. 216,588  149,171  196,693 
Other 403,629  287,812  325,961 
Total revenues $ 1,297,429  $ 922,569  $ 1,185,204 
December 31,
2023 2022
Long-lived assets:
UK $ 643,592  $ 649,711 
Norway 176,424  110,466 
U.S. 183,363  292,335 
Other 212,326  103,716 
Total long-lived assets $ 1,215,705  $ 1,156,228