Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.8.0.1
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic earnings per common share of the Company are computed based on the weighted average number of common shares issued and outstanding during the relevant periods. Diluted earnings per common share of the Company are computed based on the weighted average number of common shares issued and outstanding plus the effect of potentially dilutive securities through the application of the if-converted method and/or treasury method. Dilutive securities for this purpose assumes all common shares have been issued and outstanding during the relevant periods pursuant to the exercise of outstanding stock options.
Computations of basic and diluted earnings per common share for the years ended December 31, 2017, 2016 and 2015 were as follows (in thousands, except share and per share data):
 
 
2017
 
2016
 
2015
Net income (loss) attributable to Era Group Inc.
 
$
(28,161
)
 
$
(7,978
)
 
$
8,705

Net income attributable to participating securities
 
$
—

 
$
—

 
$
121

Net income (loss) attributable to fully vested common stock
 
$
(28,161
)
 
$
(7,978
)
 
$
8,584

Shares:
 
 
 
 
 
 
Weighted average number of common shares outstanding—basic
 
20,760,530

 
20,350,066

 
20,228,370

Net effect of dilutive stock options and restricted stock awards based on the treasury stock method(1)
 

 
—

 
42,386

Weighted average number of common shares outstanding—diluted
 
20,760,530

 
20,350,066

 
20,270,756

Earnings per common share:
 
 
 
 
 
 
Basic
 
$
(1.36
)
 
$
(0.39
)
 
$
0.42

Diluted
 
$
(1.36
)
 
$
(0.39
)
 
$
0.42

_______________
(1)
Excludes weighted average common shares of 273,255, 294,273 and 209,446 for the years ended December 31, 2017, 2016 and 2015, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.