Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER COMMON SHARE

v3.10.0.1
EARNINGS (LOSS) PER COMMON SHARE
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER COMMON SHARE
EARNINGS (LOSS) PER COMMON SHARE
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 and six months ended June 30, 2018 and 2017 were as follows (in thousands, except share and per share data):
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2018
 
2017
 
2018
 
2017
Net loss attributable to Era Group Inc.
 
$
(10,379
)
 
$
(2,787
)
 
$
(11,573
)
 
$
(8,407
)
Net income attributable to participating securities
 
—

 
—

 
—

 
—

Net loss attributable to fully vested common stock
 
$
(10,379
)
 
$
(2,787
)
 
$
(11,573
)
 
$
(8,407
)
Shares:
 
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
 
21,199,280

 
20,789,537

 
21,199,688

 
20,650,274

Net effect of dilutive stock options and restricted stock awards based on the treasury stock method(1)
 
—

 
—

 
—

 
—

Weighted average common shares outstanding - diluted
 
21,199,280

 
20,789,537

 
21,199,688

 
20,650,274

Loss per common share, basic and diluted
 
$
(0.49
)
 
$
(0.13
)
 
$
(0.55
)
 
$
(0.41
)
____________________
(1)
Excludes weighted average common shares of 211,094 and 275,851 for the three months ended June 30, 2018 and 2017, respectively, and 223,497 and 280,199 for the six months ended June 30, 2018 and 2017, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.