RELATED PARTY TRANSACTIONS |
3 Months Ended |
|---|---|
Mar. 31, 2017 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS |
RELATED PARTY TRANSACTIONS
The Company leases office space from SEACOR Holdings Inc. (“SEACOR”), and during each of the three months ended March 31, 2017 and 2016, the Company incurred $0.1 million in rent and utilities, which is included in administrative and general expense in the condensed consolidated statements of operations. As of both March 31, 2017 and December 31, 2016, the Company had a payable due to SEACOR of less than $0.1 million.
The Company purchased products from its Dart Holding Company Ltd. (“Dart”) joint venture totaling $0.1 million and $0.5 million during the three months ended March 31, 2017 and 2016, respectively. The Company also has a note receivable from Dart which had balances of $3.1 million and $3.2 million as of March 31, 2017 and December 31, 2016, respectively.
During each of the three months ended March 31, 2017 and 2016, the Company incurred fees of $0.2 million for simulator services from its Era Training Center, LLC (“ETC”) joint venture and provided helicopter, management and other services to ETC of $0.1 million. The Company also has a note receivable from ETC which had a balance of $4.0 million as of both March 31, 2017 and December 31, 2016.
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