Quarterly report pursuant to Section 13 or 15(d)

GUARANTORS OF SECURITIES (Condensed Balance Sheet) (Details)

v3.7.0.1
GUARANTORS OF SECURITIES (Condensed Balance Sheet) (Details) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
Dec. 31, 2015
Current assets:        
Cash and cash equivalents $ 26,339 $ 26,950 $ 30,803 $ 14,370
Receivables:        
Trade, net of allowance for doubtful accounts of $1,295 34,840 32,470    
Tax receivables (including $3,154 and $3,448 from VIEs in 2017 and 2016, respectively) 3,166 3,461    
Other 2,396 2,716    
Inventories, net 25,232 25,417    
Prepaid expenses 2,535 1,579    
Escrow deposits 3,779 3,777    
Total current assets 98,287 96,370    
Property and equipment 1,154,835 1,154,028    
Accumulated depreciation (343,659) (332,219)    
Property and equipment, net 811,176 821,809    
Equity investments and advances 29,727 29,266    
Investments in consolidated subsidiaries 0 0    
Intangible assets 1,133 1,137    
Deferred taxes 0 0    
Intercompany receivables 0 0    
Other assets 6,096 6,591    
Total assets 946,419 955,173    
Current liabilities:        
Accounts payable and accrued expenses 9,032 8,876    
Accrued wages and benefits 6,881 8,507    
Accrued interest 3,365 529    
Accrued income taxes 689 666    
Accrued other taxes 1,447 1,447    
Accrued contingencies 1,189 1,237    
Current portion of long-term debt 2,199 2,139    
Other current liabilities 2,846 2,222    
Total current liabilities 27,648 25,623    
Long-term debt (including $2,853 and $2,767 from VIEs in 2017 and 2016, respectively) 225,946 230,139    
Deferred income taxes 223,442 225,472    
Intercompany payables 0 0    
Other liabilities 924 1,301    
Total liabilities 477,960 482,535    
Redeemable noncontrolling interest 4,054 4,221    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,270,272 and 20,936,636 outstanding in 2017 and 2016, respectively, exclusive of treasury shares 215 211    
Additional paid-in capital 440,164 438,489    
Retained earnings 26,904 32,524    
Treasury shares, at cost, 179,730 and 175,350 shares in 2017 and 2016, respectively (2,968) (2,899)    
Accumulated other comprehensive income, net of tax 90 92    
Total equity 464,405 468,417    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 946,419 955,173    
Parent        
Current assets:        
Cash and cash equivalents 24,835 25,474 26,719 7,565
Receivables:        
Trade, net of allowance for doubtful accounts of $1,295 39 39    
Tax receivables (including $3,154 and $3,448 from VIEs in 2017 and 2016, respectively) 9 9    
Other 0 0    
Inventories, net 0 0    
Prepaid expenses 667 359    
Escrow deposits 0 0    
Total current assets 25,550 25,881    
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 172,394 174,830    
Intangible assets 0 0    
Deferred taxes 14,137 12,262    
Intercompany receivables 457,486 460,623    
Other assets 1,617 1,820    
Total assets 671,184 675,416    
Current liabilities:        
Accounts payable and accrued expenses 616 322    
Accrued wages and benefits 0 0    
Accrued interest 3,365 529    
Accrued income taxes 0 0    
Accrued other taxes 66 29    
Accrued contingencies 0 0    
Current portion of long-term debt 0 0    
Other current liabilities 956 481    
Total current liabilities 5,003 1,361    
Long-term debt (including $2,853 and $2,767 from VIEs in 2017 and 2016, respectively) 201,866 205,730    
Deferred income taxes 0 0    
Intercompany payables 0 0    
Other liabilities 0 0    
Total liabilities 206,869 207,091    
Redeemable noncontrolling interest 0 0    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,270,272 and 20,936,636 outstanding in 2017 and 2016, respectively, exclusive of treasury shares 215 211    
Additional paid-in capital 440,164 438,489    
Retained earnings 26,904 32,524    
Treasury shares, at cost, 179,730 and 175,350 shares in 2017 and 2016, respectively (2,968) (2,899)    
Accumulated other comprehensive income, net of tax 0 0    
Total equity 464,315 468,325    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 671,184 675,416    
Guarantors        
Current assets:        
Cash and cash equivalents 0 0 2,900 3,334
Receivables:        
Trade, net of allowance for doubtful accounts of $1,295 27,094 26,118    
Tax receivables (including $3,154 and $3,448 from VIEs in 2017 and 2016, respectively) 3 4    
Other 1,523 1,658    
Inventories, net 24,898 25,156    
Prepaid expenses 1,732 976    
Escrow deposits 3,779 3,777    
Total current assets 59,029 57,689    
Property and equipment 1,138,773 1,138,020    
Accumulated depreciation (341,925) (330,735)    
Property and equipment, net 796,848 807,285    
Equity investments and advances 29,727 29,266    
Investments in consolidated subsidiaries 0 0    
Intangible assets 0 0    
Deferred taxes 0 0    
Intercompany receivables 0 0    
Other assets 4,414 4,723    
Total assets 890,018 898,963    
Current liabilities:        
Accounts payable and accrued expenses 5,717 6,273    
Accrued wages and benefits 5,197 6,446    
Accrued interest 0 0    
Accrued income taxes 656 653    
Accrued other taxes 749 645    
Accrued contingencies 0 0    
Current portion of long-term debt 1,524 1,524    
Other current liabilities 1,544 1,525    
Total current liabilities 15,387 17,066    
Long-term debt (including $2,853 and $2,767 from VIEs in 2017 and 2016, respectively) 21,227 21,642    
Deferred income taxes 237,118 237,067    
Intercompany payables 418,914 426,410    
Other liabilities 924 1,301    
Total liabilities 693,570 703,486    
Redeemable noncontrolling interest 4 4    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,270,272 and 20,936,636 outstanding in 2017 and 2016, respectively, exclusive of treasury shares 0 0    
Additional paid-in capital 100,306 100,306    
Retained earnings 96,048 95,075    
Treasury shares, at cost, 179,730 and 175,350 shares in 2017 and 2016, respectively 0 0    
Accumulated other comprehensive income, net of tax 90 92    
Total equity 196,444 195,473    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 890,018 898,963    
Non-guarantors        
Current assets:        
Cash and cash equivalents 1,504 1,476 1,184 3,471
Receivables:        
Trade, net of allowance for doubtful accounts of $1,295 7,707 6,313    
Tax receivables (including $3,154 and $3,448 from VIEs in 2017 and 2016, respectively) 3,154 3,448    
Other 873 1,058    
Inventories, net 334 261    
Prepaid expenses 136 244    
Escrow deposits 0 0    
Total current assets 13,708 12,800    
Property and equipment 16,062 16,008    
Accumulated depreciation (1,734) (1,484)    
Property and equipment, net 14,328 14,524    
Equity investments and advances 0 0    
Investments in consolidated subsidiaries 0 0    
Intangible assets 1,133 1,137    
Deferred taxes 0 0    
Intercompany receivables 0 0    
Other assets 65 48    
Total assets 29,234 28,509    
Current liabilities:        
Accounts payable and accrued expenses 2,699 2,281    
Accrued wages and benefits 1,684 2,061    
Accrued interest 0 0    
Accrued income taxes 33 13    
Accrued other taxes 632 773    
Accrued contingencies 1,189 1,237    
Current portion of long-term debt 675 615    
Other current liabilities 346 216    
Total current liabilities 7,258 7,196    
Long-term debt (including $2,853 and $2,767 from VIEs in 2017 and 2016, respectively) 2,853 2,767    
Deferred income taxes 461 667    
Intercompany payables 38,572 34,213    
Other liabilities 0 0    
Total liabilities 49,144 44,843    
Redeemable noncontrolling interest 4,050 4,217    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,270,272 and 20,936,636 outstanding in 2017 and 2016, respectively, exclusive of treasury shares 0 0    
Additional paid-in capital 4,562 4,562    
Retained earnings (28,522) (25,113)    
Treasury shares, at cost, 179,730 and 175,350 shares in 2017 and 2016, respectively 0 0    
Accumulated other comprehensive income, net of tax 0 0    
Total equity (23,960) (20,551)    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 29,234 28,509    
Eliminations        
Current assets:        
Cash and cash equivalents 0 0 $ 0 $ 0
Receivables:        
Trade, net of allowance for doubtful accounts of $1,295 0 0    
Tax receivables (including $3,154 and $3,448 from VIEs in 2017 and 2016, respectively) 0 0    
Other 0 0    
Inventories, net 0 0    
Prepaid expenses 0 0    
Escrow deposits 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 (172,394) (174,830)    
Intangible assets 0 0    
Deferred taxes (14,137) (12,262)    
Intercompany receivables (457,486) (460,623)    
Other assets 0 0    
Total assets (644,017) (647,715)    
Current liabilities:        
Accounts payable and accrued expenses 0 0    
Accrued wages and benefits 0 0    
Accrued interest 0 0    
Accrued income taxes 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 (including $2,853 and $2,767 from VIEs in 2017 and 2016, respectively) 0 0    
Deferred income taxes (14,137) (12,262)    
Intercompany payables (457,486) (460,623)    
Other liabilities 0 0    
Total liabilities (471,623) (472,885)    
Redeemable noncontrolling interest 0 0    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,270,272 and 20,936,636 outstanding in 2017 and 2016, respectively, exclusive of treasury shares 0 0    
Additional paid-in capital (104,868) (104,868)    
Retained earnings (67,526) (69,962)    
Treasury shares, at cost, 179,730 and 175,350 shares in 2017 and 2016, respectively 0 0    
Accumulated other comprehensive income, net of tax 0 0    
Total equity (172,394) (174,830)    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ (644,017) $ (647,715)