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
Jun. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
Dec. 31, 2014
Current assets:        
Cash and cash equivalents $ 39,160 $ 14,370 [1] $ 17,002 $ 40,867
Receivables:        
Trade, net of allowance for doubtful accounts of $1,036 36,830 48,639 [1]    
Tax receivables 6,011 6,085 [1]    
Other 3,641 3,305 [1]    
Inventories, net 27,764 27,994 [1]    
Prepaid expenses 2,563 1,963 [1]    
Other current assets 191 191 [1]    
Total current assets 116,160 102,547 [1]    
Property and equipment 1,172,242 1,175,909 [1]    
Accumulated depreciation (336,722) (316,693) [1]    
Property and equipment, net 835,520 859,216 [1]    
Equity investments and advances 29,299 28,898 [1]    
Investments in consolidated subsidiaries 0 0    
Intangible assets 1,148 1,158 [1]    
Deferred taxes 0 0    
Intercompany receivables 0 0    
Other assets 12,719 12,532 [1]    
Total assets 994,846 1,004,351 [1]    
Current liabilities:        
Accounts payable and accrued expenses 15,473 12,000 [1]    
Accrued wages and benefits 9,565 9,012 [1]    
Accrued interest 612 562 [1]    
Accrued other taxes 2,515 2,520 [1]    
Accrued contingencies 1,280 2,410 [1]    
Current portion of long-term debt 1,569 3,278 [1]    
Other current liabilities 2,184 2,300 [1]    
Total current liabilities 33,198 32,082 [1]    
Long-term debt 252,940 263,698 [1]    
Deferred income taxes 227,933 229,848 [1]    
Intercompany payables 0 0    
Other liabilities 4,418 2,616 [1]    
Total liabilities 518,489 528,244 [1]    
Redeemable noncontrolling interest 4,573 4,804 [1]    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares 211 207 [1]    
Additional paid-in capital 435,714 433,175 [1]    
Retained earnings 38,622 40,502 [1]    
Treasury shares, at cost, 171,614 and 154,549 shares in 2016 and 2015, respectively (2,855) (2,673) [1]    
Accumulated other comprehensive income, net of tax 92 92 [1]    
Total equity 471,784 471,303 [1]    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 994,846 1,004,351 [1]    
Parent        
Current assets:        
Cash and cash equivalents 36,030 7,565 3,854 16,481
Receivables:        
Trade, net of allowance for doubtful accounts of $1,036 39 39    
Tax receivables 6,000 6,013    
Other 0 0    
Inventories, net 0 0    
Prepaid expenses 565 458    
Other current assets 190 190    
Total current assets 42,824 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 178,291 172,335    
Intangible assets 0 0    
Deferred taxes 5,876 3,823    
Intercompany receivables 474,859 515,255    
Other assets 1,828 2,166    
Total assets 703,678 707,844    
Current liabilities:        
Accounts payable and accrued expenses 410 386    
Accrued wages and benefits 0 0    
Accrued interest 612 549    
Accrued other taxes 30 30    
Accrued contingencies 0 0    
Current portion of long-term debt 0 0    
Other current liabilities 468 534    
Total current liabilities 1,520 1,499    
Long-term debt 230,466 235,134    
Deferred income taxes 0 0    
Intercompany payables 0 0    
Other liabilities 0 0    
Total liabilities 231,986 236,633    
Redeemable noncontrolling interest 0 0    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares 211 207    
Additional paid-in capital 435,714 433,175    
Retained earnings 38,622 40,502    
Treasury shares, at cost, 171,614 and 154,549 shares in 2016 and 2015, respectively (2,855) (2,673)    
Accumulated other comprehensive income, net of tax 0 0    
Total equity 471,692 471,211    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 703,678 707,844    
Guarantors        
Current assets:        
Cash and cash equivalents 1,768 3,334 10,577 22,188
Receivables:        
Trade, net of allowance for doubtful accounts of $1,036 28,906 40,345    
Tax receivables 11 72    
Other 2,825 3,089    
Inventories, net 26,838 25,557    
Prepaid expenses 1,858 1,411    
Other current assets 1 1    
Total current assets 62,207 73,809    
Property and equipment 1,155,702 1,159,441    
Accumulated depreciation (335,631) (316,090)    
Property and equipment, net 820,071 843,351    
Equity investments and advances 29,299 28,898    
Investments in consolidated subsidiaries 0 0    
Intangible assets 0 0    
Deferred taxes 0 0    
Intercompany receivables 0 0    
Other assets 6,169 6,999    
Total assets 917,746 953,057    
Current liabilities:        
Accounts payable and accrued expenses 13,793 9,635    
Accrued wages and benefits 6,906 6,875    
Accrued interest 0 13    
Accrued other taxes 1,275 789    
Accrued contingencies 0 0    
Current portion of long-term debt 1,524 1,663    
Other current liabilities 1,685 1,311    
Total current liabilities 25,183 20,286    
Long-term debt 22,474 23,305    
Deferred income taxes 233,132 232,994    
Intercompany payables 444,054 501,512    
Other liabilities 1,301 1,887    
Total liabilities 726,144 779,984    
Redeemable noncontrolling interest 4 4    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares 0 0    
Additional paid-in capital 100,306 95,543    
Retained earnings 91,200 77,434    
Treasury shares, at cost, 171,614 and 154,549 shares in 2016 and 2015, respectively 0 0    
Accumulated other comprehensive income, net of tax 92 92    
Total equity 191,598 173,069    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 917,746 953,057    
Non-guarantors        
Current assets:        
Cash and cash equivalents 1,362 3,471 2,571 2,198
Receivables:        
Trade, net of allowance for doubtful accounts of $1,036 7,885 8,255    
Tax receivables 0 0    
Other 816 216    
Inventories, net 926 2,437    
Prepaid expenses 140 94    
Other current assets 0 0    
Total current assets 11,129 14,473    
Property and equipment 16,540 16,468    
Accumulated depreciation (1,091) (603)    
Property and equipment, net 15,449 15,865    
Equity investments and advances 0 0    
Investments in consolidated subsidiaries 0 0    
Intangible assets 1,148 1,158    
Deferred taxes 0 0    
Intercompany receivables 0 0    
Other assets 4,722 3,367    
Total assets 32,448 34,863    
Current liabilities:        
Accounts payable and accrued expenses 1,270 1,979    
Accrued wages and benefits 2,659 2,137    
Accrued interest 0 0    
Accrued other taxes 1,210 1,701    
Accrued contingencies 1,280 2,410    
Current portion of long-term debt 45 1,615    
Other current liabilities 31 455    
Total current liabilities 6,495 10,297    
Long-term debt 0 5,259    
Deferred income taxes 677 677    
Intercompany payables 30,805 13,743    
Other liabilities 3,117 729    
Total liabilities 41,094 30,705    
Redeemable noncontrolling interest 4,569 4,800    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares 0 0    
Additional paid-in capital 4,562 9,325    
Retained earnings (17,777) (9,967)    
Treasury shares, at cost, 171,614 and 154,549 shares in 2016 and 2015, respectively 0 0    
Accumulated other comprehensive income, net of tax 0 0    
Total equity (13,215) (642)    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 32,448 34,863    
Eliminations        
Current assets:        
Cash and cash equivalents 0 0 $ 0 $ 0
Receivables:        
Trade, net of allowance for doubtful accounts of $1,036 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 (178,291) (172,335)    
Intangible assets 0 0    
Deferred taxes (5,876) (3,823)    
Intercompany receivables (474,859) (515,255)    
Other assets 0 0    
Total assets (659,026) (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 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 (5,876) (3,823)    
Intercompany payables (474,859) (515,255)    
Other liabilities 0 0    
Total liabilities (480,735) (519,078)    
Redeemable noncontrolling interest 0 0    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,879,283 and 20,495,694 outstanding in 2016 and 2015, respectively, exclusive of treasury shares 0 0    
Additional paid-in capital (104,868) (104,868)    
Retained earnings (73,423) (67,467)    
Treasury shares, at cost, 171,614 and 154,549 shares in 2016 and 2015, respectively 0 0    
Accumulated other comprehensive income, net of tax 0 0    
Total equity (178,291) (172,335)    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ (659,026) $ (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.