Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Operating revenues $ 86,580 $ 74,237 $ 166,023 $ 141,964
Costs and expenses:        
Operating 54,679 46,945 104,319 90,061
Administrative and general 10,065 9,545 21,399 18,679
Depreciation 11,425 11,431 22,712 23,092
Total costs and expenses 76,169 67,921 148,430 131,832
Gains on asset dispositions, net 3,139 4,476 6,030 15,277
Operating income 13,550 10,792 23,623 25,409
Other income (expense):        
Interest income 143 150 288 297
Interest expense (3,840) (4,613) (7,593) (9,345)
SEACOR management fees 0 0 0 (168)
Derivative gains (losses), net (11) 21 (41) 18
Note receivable impairment (2,457) 0 (2,457) 0
Foreign currency gains (losses), net 21 315 (36) 56
Other, net 13 9 13 12
Total Other Nonoperating Income (Expense) (6,131) (4,118) (9,826) (9,130)
Income before income tax expense and equity earnings (losses) 7,419 6,674 13,797 16,279
Income tax expense 2,759 2,398 5,262 5,976
Income before equity earnings (losses) 4,660 4,276 8,535 10,303
Equity earnings (losses), net of tax 536 674 1,035 1,236
Net income 5,196 4,950 9,570 11,539
Net loss attributable to noncontrolling interest in subsidiary 25 105 96 210
Net income attributable to Era Group Inc. 5,221 5,055 9,666 11,749
Accretion of redemption value on Series A preferred stock 0 0 0 721
Net income attributable to common shares $ 5,221 $ 5,055 $ 9,666 $ 11,028
Earnings per common share:        
Basic (in dollars per share) $ 0.26 $ 0.25 $ 0.48 $ 0.53
Diluted (in dollars per share) $ 0.26 $ 0.25 $ 0.48 $ 0.53
Weighted average common shares outstanding:        
Basic (in shares) 20,342,413 20,140,105 20,277,665 20,793,529
Diluted (in shares) 20,397,913 20,140,105 20,329,250 20,793,529