Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]      
Operating revenues $ 331,222us-gaap_Revenues $ 298,959us-gaap_Revenues $ 272,921us-gaap_Revenues
Costs and expenses:      
Operating 204,373us-gaap_OperatingCostsAndExpenses 186,612us-gaap_OperatingCostsAndExpenses 167,195us-gaap_OperatingCostsAndExpenses
Administrative and general 43,987us-gaap_GeneralAndAdministrativeExpense 38,924us-gaap_GeneralAndAdministrativeExpense 34,785us-gaap_GeneralAndAdministrativeExpense
Depreciation 46,312us-gaap_Depreciation 45,561us-gaap_Depreciation 42,502us-gaap_Depreciation
Total costs and expenses 294,672us-gaap_CostsAndExpenses 271,097us-gaap_CostsAndExpenses 244,482us-gaap_CostsAndExpenses
Gains on asset dispositions 6,101us-gaap_GainLossOnDispositionOfAssets 18,301us-gaap_GainLossOnDispositionOfAssets 3,612us-gaap_GainLossOnDispositionOfAssets
Operating income 42,651us-gaap_OperatingIncomeLoss 46,163us-gaap_OperatingIncomeLoss 32,051us-gaap_OperatingIncomeLoss
Other income (expense):      
Interest income 540us-gaap_InvestmentIncomeInterest 591us-gaap_InvestmentIncomeInterest 910us-gaap_InvestmentIncomeInterest
Interest expense (14,778)us-gaap_InterestExpense (18,050)us-gaap_InterestExpense (10,648)us-gaap_InterestExpense
SEACOR management fees 0us-gaap_CostsAndExpensesRelatedParty (168)us-gaap_CostsAndExpensesRelatedParty (2,000)us-gaap_CostsAndExpensesRelatedParty
Derivative losses, net (944)us-gaap_GainLossOnDerivativeInstrumentsNetPretax (104)us-gaap_GainLossOnDerivativeInstrumentsNetPretax (490)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Note receivable impairment (2,457)us-gaap_AssetImpairmentCharges 0us-gaap_AssetImpairmentCharges 0us-gaap_AssetImpairmentCharges
Foreign currency gains (losses), net (2,377)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 698us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 720us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Other, net (4)us-gaap_OtherNonoperatingIncomeExpense 19us-gaap_OtherNonoperatingIncomeExpense 30us-gaap_OtherNonoperatingIncomeExpense
Total other income (expense) (20,020)us-gaap_NonoperatingIncomeExpense (17,014)us-gaap_NonoperatingIncomeExpense (11,478)us-gaap_NonoperatingIncomeExpense
Income before income tax expense and equity earnings (losses) 22,631us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 29,149us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 20,573us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (benefit):      
Current 1,235us-gaap_CurrentIncomeTaxExpenseBenefit 4,591us-gaap_CurrentIncomeTaxExpenseBenefit (51,213)us-gaap_CurrentIncomeTaxExpenseBenefit
Deferred 7,050us-gaap_DeferredIncomeTaxExpenseBenefit 7,136us-gaap_DeferredIncomeTaxExpenseBenefit 58,511us-gaap_DeferredIncomeTaxExpenseBenefit
Total income tax expense 8,285us-gaap_IncomeTaxExpenseBenefit 11,727us-gaap_IncomeTaxExpenseBenefit 7,298us-gaap_IncomeTaxExpenseBenefit
Income before equity earnings 14,346era_IncomeBeforeEquityInEarningsOf50OrLessOwnedCompanies 17,422era_IncomeBeforeEquityInEarningsOf50OrLessOwnedCompanies 13,275era_IncomeBeforeEquityInEarningsOf50OrLessOwnedCompanies
Equity earnings (losses), net of tax 2,675era_IncomeLossfromEquityMethodInvestmentsIncludingGainLossonSaleofInvestments 882era_IncomeLossfromEquityMethodInvestmentsIncludingGainLossonSaleofInvestments (5,528)era_IncomeLossfromEquityMethodInvestmentsIncludingGainLossonSaleofInvestments
Net income 17,021us-gaap_ProfitLoss 18,304us-gaap_ProfitLoss 7,747us-gaap_ProfitLoss
Net loss attributable to noncontrolling interest in subsidiary 96us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 401us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 40us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Era Group Inc. 17,117us-gaap_NetIncomeLoss 18,705us-gaap_NetIncomeLoss 7,787us-gaap_NetIncomeLoss
Accretion of redemption value on Series A Preferred Stock 0us-gaap_PreferredStockAccretionOfRedemptionDiscount 721us-gaap_PreferredStockAccretionOfRedemptionDiscount 8,469us-gaap_PreferredStockAccretionOfRedemptionDiscount
Net income (loss) attributable to common shares $ 17,117us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 17,984us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (682)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings (loss) per common share:      
Earnings Per Share, Basic (in usd per share) $ 0.84us-gaap_EarningsPerShareBasic $ 0.88us-gaap_EarningsPerShareBasic $ (0.03)us-gaap_EarningsPerShareBasic
Earnings Per Share, Diluted (in usd per share) $ 0.84us-gaap_EarningsPerShareDiluted $ 0.88us-gaap_EarningsPerShareDiluted $ (0.03)us-gaap_EarningsPerShareDiluted
Weighted average common shares outstanding:      
Weighted average number of common shares outstanding—basic (in shares) 20,073,378us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 20,299,854us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 24,500,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average number of common shares outstanding—diluted (in shares) 20,139,581us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 20,344,782us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 24,500,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding