Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER COMMON SHARE (Tables)

v2.4.1.9
EARNINGS (LOSS) PER COMMON SHARE (Tables)
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per common share
Computations of basic and diluted earnings per common share of the Company were as follows (in thousands, except share and per share data):
 
 
Three Months Ended 
 March 31,
 
 
2015
 
2014
Net income (loss) attributable to Era Group Inc.(1)
 
$
(42
)
 
$
4,389

Shares:
 
 
 
 
Weighted average number of common shares outstanding—basic
 
20,195,955

 
19,952,930

Net effect of dilutive stock options and restricted stock awards based on the treasury stock method (2)
 
—

 
72,205

Weighted average number of common shares outstanding—diluted
 
20,195,955

 
20,025,135

 
 
 
 
 
Earnings (loss) per common share:
 
 
 
 
Basic
 
$
—

 
$
0.22

Diluted
 
$
—

 
$
0.22

____________________
(1)
Excludes net income of $0 and $56 attributable to unvested common shares for the three months ended March 31, 2015 and 2014, respectively.
(2)
Excludes weighted average common shares of 114,955 and 6,000 for the three months ended March 31, 2015 and 2014, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.