Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER COMMON SHARE (Details)

v3.19.2
EARNINGS (LOSS) PER COMMON SHARE (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Net income (loss) attributable to Era Group Inc. $ 4,940 $ (10,379) $ (1,003) $ (11,573)
Less: Net income attributable to participating securities 148 0 0 0
Net income (loss) attributable to fully vested common stock $ 4,792 $ (10,379) $ (1,003) $ (11,573)
Weighted average common shares outstanding:        
Basic (in shares) 21,448,115 21,199,280 21,386,058 21,199,688
Income (loss) per common share:        
Income (loss) per common share, basic and diluted (in dollars per shares) $ 0.22 $ (0.49) $ (0.05) $ (0.55)
Stock Options and Restricted Stock        
Weighted average common shares outstanding:        
Diluted (in shares) 21,448,115 [1] 21,199,280 21,386,058 [1] 21,199,688
Income (loss) per common share:        
Weighted average shares (in shares) 203,612 211,094 203,612 223,497
[1] Excludes weighted average common shares of 203,612 and 211,094 for the three months ended June 30, 2019 and 2018, respectively, and 203,612 and 223,497 for the six months ended June 30, 2019 and 2018, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.Share Repurchases. On August 14, 2014, the Company’s Board of Directors approved a share repurchase program authorizing up to $25.0 million of share repurchases. The share repurchase program has no expiration date and may be suspended or discontinued at any time without notice. During the three months ended June 30, 2019, Era Group repurchased 800,168 shares of common stock in open market transactions for gross consideration of $6.0 million, which is an average cost per share of $7.55. After these repurchases, as of June 30, 2019, $16.9 million remained of the $25.0 million share repurchase program.From July 1 through July 26, 2019, the Company repurchased 188,553 shares of common stock for gross consideration of $1.6 million, which is an average cost per share of $8.45. After these repurchases, $15.3 million remained of the $25.0 million share repurchase program.