Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]                      
Operating revenues $ 56,289,000 $ 65,006,000 $ 63,351,000 $ 62,582,000 $ 73,943,000 $ 69,741,000 $ 70,738,000 $ 67,415,000 $ 247,228,000 $ 281,837,000 $ 331,222,000
Costs and expenses:                      
Operating                 (169,863,000) (171,481,000) (204,373,000)
Administrative and general                 36,206,000 42,812,000 43,987,000
Depreciation and amortization                 (49,315,000) (47,337,000) (46,312,000)
Total costs and expenses                 255,384,000 261,630,000 294,672,000
Gains on asset dispositions                 4,787,000 5,953,000 6,101,000
Goodwill impairment                 0 (1,866,000) 0
Operating income (loss) (1,421,000) 2,366,000 (3,509,000) (805,000) 4,783,000 5,123,000 8,535,000 5,853,000 (3,369,000) 24,294,000 42,651,000
Other income (expense):                      
Interest income                 741,000 1,191,000 540,000
Interest expense                 (17,325,000) (13,526,000) (14,778,000)
Derivative losses, net                 0 (18,000) (944,000)
Foreign currency gains (losses), net                 7,000 (2,590,000) (2,377,000)
Gain on debt extinguishment                 518,000 1,617,000 0
Gain on sale of FBO                 0 12,946,000 0
Note receivable impairment                 0 0 (2,457,000)
Other, net                 69,000 45,000 (4,000)
Total other income (expense)                 (15,990,000) (335,000) (20,020,000)
Income (loss) before income tax expense and equity earnings                 (19,359,000) 23,959,000 22,631,000
Income tax expense (benefit):                      
Current                 1,235,000 (83,000) 1,235,000
Deferred                 (4,592,000) 14,200,000 7,050,000
Total income tax expense (benefit)                 (3,357,000) 14,117,000 8,285,000
Income (loss) before equity earnings                 (16,002,000) 9,842,000 14,346,000
Equity earnings (losses), net of tax                 1,092,000 (1,943,000) 2,675,000
Net income (loss) $ (5,648,000) $ (802,000) $ (4,510,000) $ (3,950,000) $ (3,620,000) $ 653,000 $ 11,105,000 $ (239,000) (14,910,000) 7,899,000 17,021,000
Net loss attributable to noncontrolling interest in subsidiaries                 6,932,000 806,000 96,000
Net income (loss) attributable to Era Group Inc.                 $ (7,978,000) $ 8,705,000 $ 17,117,000
Earnings (loss) per common share:                      
Earnings Per Share, Basic (in usd per share) $ (0.27) $ (0.03) $ 0.09 $ (0.19) $ (0.17) $ 0.04 $ 0.55 $ 0.00 $ (0.39) $ 0.42 $ 0.84
Earnings Per Share, Diluted (in usd per share) $ (0.27) $ (0.03) $ 0.09 $ (0.19) $ (0.17) $ 0.04 $ 0.55 $ 0.00 $ (0.39) $ 0.42 $ 0.84
Weighted average common shares outstanding:                      
Weighted average number of common shares outstanding—basic (in shares)                 20,350,066 20,228,370 20,073,378
Weighted average number of common shares outstanding—diluted (in shares)                 20,350,066 20,270,756 20,139,581