Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]                      
Operating revenues $ 57,531 $ 61,385 $ 57,878 $ 54,527 $ 56,289 $ 65,006 $ 63,351 $ 62,582 $ 231,321 $ 247,228 $ 281,837
Costs and expenses:                      
Operating                 167,446 169,863 171,481
Administrative and general                 42,092 36,206 42,812
Depreciation                 45,736 49,315 47,337
Total costs and expenses                 255,274 255,384 261,630
Gains on asset dispositions                 4,507 4,787 5,953
Loss on impairment                 (117,018) 0 (1,866)
Operating income (loss) (8,359) (122,773) (276) (5,056) (1,421) 2,366 (3,509) (805) (136,464) (3,369) 24,294
Other income (expense):                      
Interest income                 760 741 1,191
Interest expense                 (16,763) (17,325) (13,526)
Derivative losses, net                 0 0 (18)
Foreign currency gains (losses), net                 (226) 7 (2,590)
Gain on debt extinguishment                 0 518 1,617
Gain on sale of FBO                 0 0 12,946
Other, net                 (12) 69 45
Total other income (expense)                 (16,241) (15,990) (335)
Income (loss) before income tax expense and equity earnings                 (152,705) (19,359) 23,959
Income tax expense (benefit):                      
Current                 (3,523) 1,235 (83)
Deferred                 (119,142) (4,592) 14,200
Total income tax expense (benefit)                 (122,665) (3,357) 14,117
Income (loss) before equity earnings                 (30,040) (16,002) 9,842
Equity earnings (losses), net of tax                 1,425 1,092 (1,943)
Net income (loss) $ 61,459 $ (81,215) $ (3,072) $ (5,787) $ (5,648) $ (802) $ (4,510) $ (3,950) (28,615) (14,910) 7,899
Net loss attributable to noncontrolling interest in subsidiaries                 454 6,932 806
Net income (loss) attributable to Era Group Inc.                 $ (28,161) $ (7,978) $ 8,705
Earnings (loss) per common share:                      
Earnings Per Share, Basic (in usd per share) $ 2.89 $ (3.91) $ (0.13) $ (0.27) $ (0.27) $ (0.03) $ 0.09 $ (0.19) $ (1.36) $ (0.39) $ 0.42
Earnings Per Share, Diluted (in usd per share) $ 2.89 $ (3.91) $ (0.13) $ (0.27) $ (0.27) $ (0.03) $ 0.09 $ (0.19) $ (1.36) $ (0.39) $ 0.42
Weighted average common shares outstanding:                      
Weighted average number of common shares outstanding—basic (in shares)                 20,760,530 20,350,066 20,228,370
Weighted average number of common shares outstanding—diluted (in shares)                 20,760,530 20,350,066 20,270,756