Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.10.0.1
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2018
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, 2018, 2017 and 2016 were as follows (in thousands, except share and per share data):
 
 
2018
 
2017
 
2016
Net income (loss) attributable to Era Group Inc.
 
$
13,922

 
$
(28,161
)
 
$
(7,978
)
Net income attributable to participating securities
 
$
307

 
$
—

 
$
—

Net income (loss) attributable to fully vested common stock
 
$
13,615

 
$
(28,161
)
 
$
(7,978
)
Shares:
 
 
 
 
 
 
Weighted average number of common shares outstanding—basic
 
21,167,550

 
20,760,530

 
20,350,066

Net effect of dilutive stock options and restricted stock awards based on the treasury stock method(1)
 
12,940

 
—

 
—

Weighted average number of common shares outstanding—diluted
 
21,180,490

 
20,760,530

 
20,350,066

Earnings per common share:
 
 
 
 
 
 
Basic
 
$
0.64

 
$
(1.36
)
 
$
(0.39
)
Diluted
 
$
0.64

 
$
(1.36
)
 
$
(0.39
)
_______________
(1)
Excludes weighted average common shares of 218,844, 273,255 and 294,273 for the years ended December 31, 2018, 2017 and 2016, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.