Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER COMMON SHARE

v3.10.0.1
EARNINGS (LOSS) PER COMMON SHARE
 9 Months Ended
Sep. 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 nine months ended September 30, 2018 and 2017 were as follows (in thousands, except share and per share data):
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
 
2018
 
2017
 
2018
 
2017
Net income (loss) attributable to Era Group Inc.
 
$
31,289

 
$
(81,448
)
 
$
19,716

 
$
(89,855
)
Less: Net income attributable to participating securities
 
714

 
—

 
425

 
—

Net income (loss) attributable to fully vested common stock
 
$
30,575

 
$
(81,448
)
 
$
19,291

 
$
(89,855
)
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding:
 
 
 
 
 
 
 
 
Basic
 
21,215,576

 
20,844,376

 
21,139,212

 
20,715,686

Diluted(1)

 
21,239,189

 
20,844,376

 
21,156,466

 
20,715,686

Income (loss) per common share:
 
 
 
 
 
 
 
 
Basic
 
$
1.44

 
$
(3.91
)
 
$
0.91

 
$
(4.34
)
Diluted
 
$
1.44

 
$
(3.91
)
 
$
0.91

 
$
(4.34
)
____________________
(1)
Excludes weighted average common shares of 224,769 and 275,824 for the three months ended September 30, 2018 and 2017, respectively, and 223,921 and 278,740 for the nine months ended September 30, 2018 and 2017, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.