RELATED PARTY TRANSACTIONS |
3 Months Ended |
|---|---|
Mar. 31, 2016 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS |
RELATED PARTY TRANSACTIONS
The Company terminated its Amended and Restated Transition Services Agreement (“TSA”) with SEACOR Holdings Inc. (“SEACOR”) effective June 30, 2015. The Company incurred no costs under the TSA during the three months ended March 31, 2016 and $0.4 million of costs during the three months ended March 31, 2015. Such costs are classified as administrative and general expenses in the condensed consolidated statements of operations. As of March 31, 2016 and December 31, 2015, the Company had a payable due to SEACOR of $0.1 million and less than $0.1 million, respectively.
The Company purchased products from its Dart Holding Company Ltd. (“Dart”) joint venture totaling $0.5 million and $0.6 million during the three months ended March 31, 2016 and 2015, respectively. The Company also has a note receivable from Dart which had a balance of $3.5 million and $3.6 million as of March 31, 2016 and December 31, 2015, respectively.
During each of the three months ended March 31, 2016 and 2015, the Company incurred $0.2 million for simulator fees and services from its Era Training Center, LLC (“ETC”) joint venture and provided helicopter, management and other services to ETC totaling $0.1 million and $0.2 million, respectively. The Company also has a note receivable from ETC which had a balance of $4.3 million and $4.4 million as of March 31, 2016 and December 31, 2015, respectively.
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