| Computation of basic and diluted earnings per common share |
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):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2018 |
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2017 |
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2018 |
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2017 |
Net income (loss) attributable to Era Group Inc. |
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$ |
31,289 |
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$ |
(81,448 |
) |
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$ |
19,716 |
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$ |
(89,855 |
) |
Less: Net income attributable to participating securities |
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714 |
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— |
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425 |
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— |
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Net income (loss) attributable to fully vested common stock |
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$ |
30,575 |
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$ |
(81,448 |
) |
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$ |
19,291 |
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$ |
(89,855 |
) |
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Weighted average common shares outstanding: |
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Basic |
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21,215,576 |
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20,844,376 |
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21,139,212 |
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20,715,686 |
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Diluted(1)
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21,239,189 |
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20,844,376 |
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21,156,466 |
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20,715,686 |
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Income (loss) per common share: |
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Basic |
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$ |
1.44 |
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$ |
(3.91 |
) |
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$ |
0.91 |
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$ |
(4.34 |
) |
Diluted |
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$ |
1.44 |
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$ |
(3.91 |
) |
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$ |
0.91 |
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$ |
(4.34 |
) |
____________________
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(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.
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