Bristow Group Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER COMMON SHARE

EARNINGS (LOSS) PER COMMON SHARE

3 Months Ended

Mar. 31, 2017

Basic earnings per common share of the Company are computed based on the weighted average number of common shares issued and outstanding during the relevant periods. Diluted earnings per common share of the Company are computed based on the weighted average number of common shares issued and outstanding plus the effect of potentially dilutive securities through the application of the if-converted method and/or treasury method. Dilutive securities for this purpose assume all common shares have been issued pursuant to the exercise of outstanding stock options.

Computations of basic and diluted earnings per common share of the Company for the three months ended March 31, 2017 and 2016 were as follows (in thousands, except share and per share data):



	Three Months Ended March 31,
	2017			2016
Net income (loss) attributable to Era Group Inc.	$	(5,620	)	$	(3,818	)
Net income attributable to participating securities	—			—
Net income (loss) attributable to fully vested common stock	$	(5,620	)	$	(3,818	)
Shares:
Weighted average common shares outstanding - basic	20,509,463			20,219,937
Net effect of dilutive stock options and restricted stock awards based on the treasury stock method⁽¹⁾	—			—
Weighted average common shares outstanding - diluted	20,509,463			20,219,937
Loss per common share, basic and diluted	$	(0.27	)	$	(0.19	)

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(1)	Excludes weighted average common shares of 284,546 and 347,242 for the three months ended March 31, 2017 and 2016, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.