Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.5.0.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Operating revenues $ 65,006 $ 69,741 $ 190,939 $ 207,894
Costs and expenses:        
Operating 40,371 43,007 132,074 126,396
Administrative and general 9,504 11,238 26,871 31,760
Depreciation and amortization 12,519 12,186 37,976 35,186
Total costs and expenses 62,394 66,431 196,921 193,342
Gains (losses) on asset dispositions, net (246) 1,813 4,034 4,959
Operating income (loss) 2,366 5,123 (1,948) 19,511
Other income (expense):        
Interest income 466 232 1,170 800
Interest expense (4,003) (3,121) (12,881) (9,547)
Derivative gains (losses), net 0 8 0 (14)
Gain on sale of FBO 0 0 0 12,946
Foreign currency gains (losses), net (33) 146 577 (2,271)
Gain (loss) on debt extinguishment 0 (16) 518 248
Other, net 34 0 63 (9)
Total other income (expense) (3,536) (2,751) (10,553) 2,153
Income (loss) before income taxes and equity earnings (1,170) 2,372 (12,501) 21,664
Income tax expense (benefit) 69 1,343 (2,177) 9,426
Income (loss) before equity earnings (1,239) 1,029 (10,324) 12,238
Equity earnings (losses), net of tax 437 (376) 1,062 (719)
Net income (loss) (802) 653 (9,262) 11,519
Net loss attributable to noncontrolling interest in subsidiary 242 208 6,822 633
Net income (loss) attributable to Era Group Inc. $ (560) $ 861 $ (2,440) $ 12,152
Income (loss) per common share:        
Loss per common share, basic (in dollars per share) $ (0.03) $ 0.04 $ (0.12) $ 0.59
Loss per common share, diluted (in dollars per share) $ (0.03) $ 0.04 $ (0.12) $ 0.59
Weighted average common shares outstanding:        
Weighted average common shares outstanding, basic (in shares) 20,384,348 20,260,514 20,322,167 20,243,653
Weighted average common shares outstanding, diluted (in shares) 20,384,348 20,287,069 20,322,167 20,292,782