Annual report pursuant to Section 13 and 15(d)

GUARANTORS OF SECURITIES Supplemental Condensed Consolidating Balance Sheet (Details)

v3.10.0.1
GUARANTORS OF SECURITIES Supplemental Condensed Consolidating Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Current assets:        
Cash and cash equivalents $ 50,753 [1] $ 13,583 [1] $ 26,950  
Cash and cash equivalents 50,753 16,833 30,727 $ 14,561
Receivables [Abstract]        
Trade receivables, operating 33,306 33,840    
Trade, dry-leasing 3,803 5,124    
Tax receivables 3,187 2,829    
Receivables, other 2,343 1,623    
Inventories, net 20,673 21,112    
Prepaid expenses 1,807 1,203    
Escrow deposits 0 3,250 3,777  
Total current assets 115,872 82,564    
Property and equipment:        
Property and equipment 917,161 972,942    
Accumulated depreciation (317,967) (299,028)    
Property and equipment, net 599,194 673,914    
Equity investments and advances 27,112 30,056    
Investments in consolidated subsidiaries 0 0    
Intangible assets 1,107 1,122    
Deferred income taxes 0 0    
Intercompany receivables 0 0    
Other assets 21,578 4,441    
Total assets 764,863 792,097    
Current liabilities:        
Accounts payable and accrued expenses 13,161 16,421    
Accrued wages and benefits 9,267 8,264    
Accrued interest 569 606    
Accrued income taxes 973 28    
Current portion of long-term debt 2,058 2,736    
Accrued other taxes 1,268 1,810    
Accrued contingencies 630 859    
Other current liabilities 878 1,720    
Total current liabilities 28,804 32,444    
Long-term debt 160,217 202,174    
Deferred income taxes 108,357 106,598    
Intercompany payables 0 0    
Other liabilities 747 1,434    
Total liabilities 298,125 342,650    
Redeemable noncontrolling interest 3,302 3,766 4,221 4,804
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,765,404 outstanding, exclusive of treasury shares 219 215    
Additional paid-in capital 447,298 443,944    
Retained earnings 18,285 4,363    
Treasury shares, at cost (2,476) (2,951)    
Accumulated other comprehensive income, net of tax 110 110    
Total equity 463,436 445,681 468,417 471,303
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 764,863 792,097    
Reportable Legal Entities | Parent        
Current assets:        
Cash and cash equivalents   10,800    
Cash and cash equivalents 48,396 10,800 25,474 7,565
Receivables [Abstract]        
Trade receivables, operating 0 0    
Trade, dry-leasing 0 0    
Tax receivables 0 0    
Receivables, other 0 0    
Inventories, net 0 0    
Prepaid expenses 398 349    
Escrow deposits   0    
Total current assets 48,794 11,149    
Property and equipment:        
Property and equipment 0 0    
Accumulated depreciation 0 0    
Property and equipment, net 0 0    
Equity investments and advances 0 0    
Investments in consolidated subsidiaries 172,950 161,350    
Intangible assets 0 0    
Deferred income taxes 9,904 19,600    
Intercompany receivables 366,541 426,806    
Other assets 1,251 1,011    
Total assets 599,440 619,916    
Current liabilities:        
Accounts payable and accrued expenses 136 638    
Accrued wages and benefits 43 0    
Accrued interest 500 549    
Accrued income taxes 918 0    
Current portion of long-term debt 0 0    
Accrued other taxes 0 18    
Accrued contingencies 0 0    
Other current liabilities 647 848    
Total current liabilities 2,244 2,053    
Long-term debt 133,900 172,292    
Deferred income taxes 0 0    
Intercompany payables 0 0    
Other liabilities 0 0    
Total liabilities 136,144 174,345    
Redeemable noncontrolling interest 0 0    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,765,404 outstanding, exclusive of treasury shares 219 215    
Additional paid-in capital 447,299 443,944    
Retained earnings 18,254 4,363    
Treasury shares, at cost (2,476) (2,951)    
Accumulated other comprehensive income, net of tax 0 0    
Total equity 463,296 445,571    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 599,440 619,916    
Reportable Legal Entities | Guarantors        
Current assets:        
Cash and cash equivalents   0    
Cash and cash equivalents 0 3,250 3,777 3,525
Receivables [Abstract]        
Trade receivables, operating 27,509 27,968    
Trade, dry-leasing 3,803 5,124    
Tax receivables 6 0    
Receivables, other 1,949 1,126    
Inventories, net 20,633 20,746    
Prepaid expenses 1,219 721    
Escrow deposits   3,250    
Total current assets 55,119 58,935    
Property and equipment:        
Property and equipment 900,611 956,918    
Accumulated depreciation (314,567) (296,573)    
Property and equipment, net 586,044 660,345    
Equity investments and advances 27,112 30,056    
Investments in consolidated subsidiaries 0 0    
Intangible assets 0 0    
Deferred income taxes 0 0    
Intercompany receivables 0 0    
Other assets 20,231 3,370    
Total assets 688,506 752,706    
Current liabilities:        
Accounts payable and accrued expenses 11,357 13,655    
Accrued wages and benefits 7,743 6,804    
Accrued interest 69 57    
Accrued income taxes 6 24    
Current portion of long-term debt 1,663 1,663    
Accrued other taxes 768 1,192    
Accrued contingencies 0 0    
Other current liabilities 220 835    
Total current liabilities 21,826 24,230    
Long-term debt 26,317 27,979    
Deferred income taxes 117,015 124,948    
Intercompany payables 310,727 381,660    
Other liabilities 720 1,435    
Total liabilities 476,605 560,252    
Redeemable noncontrolling interest 3 4    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,765,404 outstanding, exclusive of treasury shares 0 0    
Additional paid-in capital 100,306 100,306    
Retained earnings 111,482 92,034    
Treasury shares, at cost 0 0    
Accumulated other comprehensive income, net of tax 110 110    
Total equity 211,898 192,450    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 688,506 752,706    
Reportable Legal Entities | Non-guarantors        
Current assets:        
Cash and cash equivalents   2,783    
Cash and cash equivalents 2,357 2,783 1,476 3,471
Receivables [Abstract]        
Trade receivables, operating 5,797 5,872    
Trade, dry-leasing 0 0    
Tax receivables 3,181 2,829    
Receivables, other 394 497    
Inventories, net 40 366    
Prepaid expenses 190 133    
Escrow deposits   0    
Total current assets 11,959 12,480    
Property and equipment:        
Property and equipment 16,550 16,024    
Accumulated depreciation (3,400) (2,455)    
Property and equipment, net 13,150 13,569    
Equity investments and advances 0 0    
Investments in consolidated subsidiaries 0 0    
Intangible assets 1,107 1,122    
Deferred income taxes 0 0    
Intercompany receivables 0 0    
Other assets 96 60    
Total assets 26,312 27,231    
Current liabilities:        
Accounts payable and accrued expenses 1,668 2,128    
Accrued wages and benefits 1,481 1,460    
Accrued interest 0 0    
Accrued income taxes 49 4    
Current portion of long-term debt 395 1,073    
Accrued other taxes 500 600    
Accrued contingencies 630 859    
Other current liabilities 11 37    
Total current liabilities 4,734 6,161    
Long-term debt 0 1,903    
Deferred income taxes 1,245 1,250    
Intercompany payables 55,847 45,146    
Other liabilities 27 (1)    
Total liabilities 61,853 54,459    
Redeemable noncontrolling interest 3,299 3,762    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,765,404 outstanding, exclusive of treasury shares 0 0    
Additional paid-in capital 4,562 4,562    
Retained earnings (43,402) (35,552)    
Treasury shares, at cost 0 0    
Accumulated other comprehensive income, net of tax 0 0    
Total equity (38,840) (30,990)    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 26,312 27,231    
Eliminations        
Current assets:        
Cash and cash equivalents   0    
Cash and cash equivalents 0 0 $ 0 $ 0
Receivables [Abstract]        
Trade receivables, operating 0 0    
Trade, dry-leasing   0    
Tax receivables 0 0    
Receivables, other 0 0    
Inventories, net 0 0    
Prepaid expenses 0 0    
Escrow deposits   0    
Total current assets 0 0    
Property and equipment:        
Property and equipment 0 0    
Accumulated depreciation 0 0    
Property and equipment, net 0 0    
Equity investments and advances 0 0    
Investments in consolidated subsidiaries (172,950) (161,350)    
Intangible assets 0 0    
Deferred income taxes (9,904) (19,600)    
Intercompany receivables (366,541) (426,806)    
Other assets 0 0    
Total assets (549,395) (607,756)    
Current liabilities:        
Accounts payable and accrued expenses 0 0    
Accrued wages and benefits 0 0    
Accrued interest 0 0    
Accrued income taxes 0 0    
Current portion of long-term debt 0 0    
Accrued other taxes 0 0    
Accrued contingencies 0 0    
Other current liabilities 0 0    
Total current liabilities 0 0    
Long-term debt 0 0    
Deferred income taxes (9,903) (19,600)    
Intercompany payables (366,574) (426,806)    
Other liabilities 0 0    
Total liabilities (376,477) (446,406)    
Redeemable noncontrolling interest 0 0    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,765,404 outstanding, exclusive of treasury shares 0 0    
Additional paid-in capital (104,869) (104,868)    
Retained earnings (68,049) (56,482)    
Treasury shares, at cost 0 0    
Accumulated other comprehensive income, net of tax 0 0    
Total equity (172,918) (161,350)    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ (549,395) $ (607,756)    
[1] Refer to footnote 5 for more detail on variable interest entities (“VIE”)