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, 2018

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 and outstanding during the relevant periods 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, 2018 and 2017 were as follows (in thousands, except share and per share data):



	Three Months Ended March 31,
	2018			2017
Net loss attributable to Era Group Inc.	$	(1,194	)	$	(5,620	)
Net income attributable to participating securities	—			—
Net loss attributable to fully vested common stock	$	(1,194	)	$	(5,620	)
Shares:
Weighted average common shares outstanding - basic	21,003,777			20,509,463
Net effect of dilutive stock options and restricted stock awards based on the treasury stock method⁽¹⁾	—			—
Weighted average common shares outstanding - diluted	21,003,777			20,509,463
Loss per common share, basic and diluted	$	(0.06	)	$	(0.27	)

____________________


(1)	Excludes weighted average common shares of 235,900 and 284,546 for the three months ended March 31, 2018 and 2017, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.