Quarterly report pursuant to Section 13 or 15(d)

GUARANTORS OF SECURITIES (Condensed Balance Sheet) (Details)

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GUARANTORS OF SECURITIES (Condensed Balance Sheet) (Details) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Mar. 31, 2015
Dec. 31, 2014
Current assets:        
Cash and cash equivalents $ 30,803 $ 14,370 [1] $ 33,691 $ 40,867
Receivables:        
Trade, net of allowance for doubtful accounts of $2,089 36,980 48,639 [1]    
Tax receivables 6,068 6,085 [1]    
Other 3,707 3,305 [1]    
Inventories, net 27,744 27,994 [1]    
Prepaid expenses 3,274 1,963 [1]    
Other current assets 191 191 [1]    
Total current assets 108,767 102,547 [1]    
Property and equipment 1,171,271 1,175,909 [1]    
Accumulated depreciation (325,363) (316,693) [1]    
Property and equipment, net 845,908 859,216 [1]    
Equity investments and advances 28,795 28,898 [1]    
Investments in consolidated subsidiaries 0 0    
Intangible assets 1,153 1,158 [1]    
Deferred taxes 0 0    
Intercompany receivables 0 0    
Other assets 12,850 12,532 [1]    
Total assets 997,473 1,004,351 [1]    
Current liabilities:        
Accounts payable and accrued expenses 10,119 12,000 [1]    
Accrued wages and benefits 6,244 9,012 [1]    
Accrued interest 3,491 562 [1]    
Accrued other taxes 1,905 2,520 [1]    
Accrued contingencies, all related to VIEs 2,851 2,410 [1]    
Current portion of long-term debt 2,291 3,278 [1]    
Other current liabilities 1,775 2,300 [1]    
Total current liabilities 28,676 32,082 [1]    
Long-term debt 263,590 263,698 [1]    
Deferred income taxes 229,083 229,848 [1]    
Intercompany payables 0 0    
Other liabilities 2,855 2,616 [1]    
Total liabilities 524,204 528,244 [1]    
Redeemable noncontrolling interest 4,672 4,804 [1]    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,783 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares 211 207 [1]    
Additional paid-in capital 434,460 433,175 [1]    
Intercompany receivables   0    
Retained earnings 36,684 40,502 [1]    
Treasury shares, at cost, 171,114 and 154,549 shares in 2016 and 2015, respectively (2,850) (2,673) [1]    
Accumulated other comprehensive income, net of tax 92 92 [1]    
Total equity 468,597 471,303 [1]    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 997,473 1,004,351 [1]    
Parent        
Current assets:        
Cash and cash equivalents 26,719 7,565 14,964 16,481
Receivables:        
Trade, net of allowance for doubtful accounts of $2,089 39 39    
Tax receivables 6,000 6,013    
Other 0 0    
Inventories, net 0 0    
Prepaid expenses 692 458    
Other current assets 190 190    
Total current assets 33,640 14,265    
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 172,605 172,335    
Intangible assets 0 0    
Deferred taxes 5,360 3,823    
Intercompany receivables 494,579 515,255    
Other assets 1,994 2,166    
Total assets 708,178 707,844    
Current liabilities:        
Accounts payable and accrued expenses 579 386    
Accrued wages and benefits 0 0    
Accrued interest 3,491 549    
Accrued other taxes 59 30    
Accrued contingencies, all related to VIEs 0 0    
Current portion of long-term debt 0 0    
Other current liabilities 360 534    
Total current liabilities 4,489 1,499    
Long-term debt 235,185 235,134    
Deferred income taxes 0 0    
Intercompany payables 0 0    
Other liabilities 0 0    
Total liabilities 239,674 236,633    
Redeemable noncontrolling interest 0 0    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,783 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares 211 207    
Additional paid-in capital 434,460 433,175    
Intercompany receivables   0    
Retained earnings 36,683 40,502    
Treasury shares, at cost, 171,114 and 154,549 shares in 2016 and 2015, respectively (2,850) (2,673)    
Accumulated other comprehensive income, net of tax 0 0    
Total equity 468,504 471,211    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 708,178 707,844    
Guarantors        
Current assets:        
Cash and cash equivalents 2,900 3,334 16,528 22,188
Receivables:        
Trade, net of allowance for doubtful accounts of $2,089 30,546 40,345    
Tax receivables 68 72    
Other 3,135 3,089    
Inventories, net 25,151 25,557    
Prepaid expenses 2,503 1,411    
Other current assets 1 1    
Total current assets 64,304 73,809    
Property and equipment 1,154,749 1,159,441    
Accumulated depreciation (324,482) (316,090)    
Property and equipment, net 830,267 843,351    
Equity investments and advances 28,795 28,898    
Investments in consolidated subsidiaries 0 0    
Intangible assets 0 0    
Deferred taxes 0 0    
Intercompany receivables 0 0    
Other assets 6,605 6,999    
Total assets 929,971 953,057    
Current liabilities:        
Accounts payable and accrued expenses 8,338 9,635    
Accrued wages and benefits 4,574 6,875    
Accrued interest 0 13    
Accrued other taxes 1,132 789    
Accrued contingencies, all related to VIEs 0 0    
Current portion of long-term debt 1,524 1,663    
Other current liabilities 1,354 1,311    
Total current liabilities 16,922 20,286    
Long-term debt 22,890 23,305    
Deferred income taxes 233,765 232,994    
Intercompany payables 476,236 501,512    
Other liabilities 1,590 1,887    
Total liabilities 751,403 779,984    
Redeemable noncontrolling interest 4 4    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,783 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares 0 0    
Additional paid-in capital 95,543 95,543    
Intercompany receivables   0    
Retained earnings 82,929 77,434    
Treasury shares, at cost, 171,114 and 154,549 shares in 2016 and 2015, respectively 0 0    
Accumulated other comprehensive income, net of tax 92 92    
Total equity 178,564 173,069    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 929,971 953,057    
Non-guarantors        
Current assets:        
Cash and cash equivalents 1,184 3,471 2,199 2,198
Receivables:        
Trade, net of allowance for doubtful accounts of $2,089 6,395 8,255    
Tax receivables 0 0    
Other 572 216    
Inventories, net 2,593 2,437    
Prepaid expenses 79 94    
Other current assets 0 0    
Total current assets 10,823 14,473    
Property and equipment 16,522 16,468    
Accumulated depreciation (881) (603)    
Property and equipment, net 15,641 15,865    
Equity investments and advances 0 0    
Investments in consolidated subsidiaries 0 0    
Intangible assets 1,153 1,158    
Deferred taxes 0 0    
Intercompany receivables 0 0    
Other assets 4,251 3,367    
Total assets 31,868 34,863    
Current liabilities:        
Accounts payable and accrued expenses 1,202 1,979    
Accrued wages and benefits 1,670 2,137    
Accrued interest 0 0    
Accrued other taxes 714 1,701    
Accrued contingencies, all related to VIEs 2,851 2,410    
Current portion of long-term debt 767 1,615    
Other current liabilities 61 455    
Total current liabilities 7,265 10,297    
Long-term debt 5,515 5,259    
Deferred income taxes 678 677    
Intercompany payables 18,343 13,743    
Other liabilities 1,265 729    
Total liabilities 33,066 30,705    
Redeemable noncontrolling interest 4,668 4,800    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,783 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares 0 0    
Additional paid-in capital 9,325 9,325    
Intercompany receivables   0    
Retained earnings (15,191) (9,967)    
Treasury shares, at cost, 171,114 and 154,549 shares in 2016 and 2015, respectively 0 0    
Accumulated other comprehensive income, net of tax 0 0    
Total equity (5,866) (642)    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 31,868 34,863    
Eliminations        
Current assets:        
Cash and cash equivalents 0 0 $ 0 $ 0
Receivables:        
Trade, net of allowance for doubtful accounts of $2,089 0 0    
Tax receivables 0 0    
Other 0 0    
Inventories, net 0 0    
Prepaid expenses 0 0    
Other current assets 0 0    
Total current assets 0 0    
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 (172,605) (172,335)    
Intangible assets 0 0    
Deferred taxes (5,360) (3,823)    
Intercompany receivables (494,579) (515,255)    
Other assets 0 0    
Total assets (672,544) (691,413)    
Current liabilities:        
Accounts payable and accrued expenses 0 0    
Accrued wages and benefits 0 0    
Accrued interest 0 0    
Accrued other taxes 0 0    
Accrued contingencies, all related to VIEs 0 0    
Current portion of long-term debt 0 0    
Other current liabilities 0 0    
Total current liabilities 0 0    
Long-term debt 0 0    
Deferred income taxes (5,360) (3,823)    
Intercompany payables (494,579) (515,255)    
Other liabilities 0 0    
Total liabilities (499,939) (519,078)    
Redeemable noncontrolling interest 0 0    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,783 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares 0 0    
Additional paid-in capital (104,868) (104,868)    
Intercompany receivables   0    
Retained earnings (67,737) (67,467)    
Treasury shares, at cost, 171,114 and 154,549 shares in 2016 and 2015, respectively 0 0    
Accumulated other comprehensive income, net of tax 0 0    
Total equity (172,605) (172,335)    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ (672,544) $ (691,413)    
[1] Adjusted for the adoption of Accounting Standards Update (“ASU”) 2015-03 whereby $2,740 of debt issuance costs previously included in other assets is now included in long-term debt.