SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (tables)

v2.4.1.9

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (tables)	3 Months Ended
	Mar. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Supplemental Condensed Consolidating Balance Sheet	Supplemental Condensed Consolidating Balance Sheet as of March 31, 2015   Parent   Guarantors   Non-guarantors   Eliminations   Consolidated   (in thousands, except share data) ASSETS                   Current assets:                   Cash and cash equivalents $ 14,964   $ 16,528   $ 2,199   $ —   $ 33,691 Receivables:                   Trade, net of allowance for doubtful accounts of $1,926 39   38,910   —   —   38,949 Other, net of allowance for doubtful accounts of $437 66   2,501   —   —   2,567 Inventories, net —   26,189   —   —   26,189 Deferred income taxes 7,986   —   —   (5,819 )   2,167 Prepaid expenses and other 739   3,342   —   —   4,081 Escrow deposits —   2,800   —   —   2,800 Total current assets 23,794   90,270   2,199   (5,819 )   110,444 Property and equipment —   1,161,611   9,937   —   1,171,548 Accumulated depreciation —   (313,122 )   (2,277 )   —   (315,399 ) Net property and equipment —   848,489   7,660   —   856,149 Equity investments and advances —   31,397   —   —   31,397 Investments in consolidated subsidiaries 184,685   —   —   (184,685 )   — Goodwill —   352   —   —   352 Intercompany receivables 627,077   12,420   1,391   (640,888 )   — Other assets 6,445   8,711   —   —   15,156 Total assets $ 842,001   $ 991,639   $ 11,250   $ (831,392 )   $ 1,013,498 LIABILITIES AND STOCKHOLDERS’ EQUITY                   Current liabilities:                   Accounts payable and accrued expenses $ 144   $ 13,672   $ 88   $ —   $ 13,904 Accrued wages and benefits —   6,822   —   —   6,822 Accrued interest 4,772   19   —   —   4,791 Current portion of long-term debt —   26,729   —   —   26,729 Derivative instruments —   275   —   —   275 Accrued income taxes —   37   —   —   37 Other current liabilities 610   2,511   —   —   3,121 Total current liabilities 5,526   50,065   88   —   55,679 Long-term debt 277,424   —   —   —   277,424 Deferred income taxes —   223,019   —   (5,819 )   217,200 Intercompany payables 97,399   531,069   12,420   (640,888 )   — Other liabilities —   1,937   —   —   1,937 Total liabilities 380,349   806,090   12,508   (646,707 )   552,240 Equity:                   Era Group Inc. stockholders’ equity:                   Common stock, $0.01 par value, 60,000,000 shares authorized; 20,582,841 outstanding, exclusive of treasury shares 206   —   —   —   206 Additional paid-in capital 430,251   99,845   496   (100,341 )   430,251 Retained earnings 31,755   86,098   (1,754 )   (84,344 )   31,755 Treasury shares, at cost, 19,059 shares (560 )   —   —   —   (560 ) Accumulated other comprehensive income, net of tax —   93   —   —   93 Total Era Group Inc. stockholders’ equity 461,652   186,036   (1,258 )   (184,685 )   461,745 Noncontrolling interest in subsidiary —   (487 )   —   —   (487 ) Total equity 461,652   185,549   (1,258 )   (184,685 )   461,258 Total liabilities and stockholders’ equity $ 842,001   $ 991,639   $ 11,250   $ (831,392 )   $ 1,013,498 Supplemental Condensed Consolidating Balance Sheet as of December 31, 2014   Parent   Guarantors   Non-guarantors   Eliminations   Consolidated   (in thousands, except share data) ASSETS                   Current assets:                   Cash and cash equivalents $ 16,481   $ 22,188   $ 2,198   $ —   $ 40,867 Receivables:                   Trade, net of allowance for doubtful accounts of $1,955 39   33,351   —   —   33,390 Other, net of allowance for doubtful accounts of $437 65   1,997   —   —   2,062 Inventories, net —   26,869   —   —   26,869 Deferred income taxes 4,083   —   —   (2,087 )   1,996 Prepaid expenses and other 424   2,237   —   —   2,661 Escrow deposits —   —   —   —   — Total current assets 21,092   86,642   2,198   (2,087 )   107,845 Property and equipment —   1,161,330   9,937   —   1,171,267 Accumulated depreciation —   (306,010 )   (2,131 )   —   (308,141 ) Net property and equipment —   855,320   7,806   —   863,126 Equity investments and advances —   31,753   —   —   31,753 Investments in consolidated subsidiaries 182,294   —   —   (182,294 )   — Goodwill —   352   —   —   352 Intercompany receivables 616,932   12,258   1,395   (630,585 )   — Other assets 6,914   7,184   —   —   14,098 Total assets $ 827,232   $ 993,509   $ 11,399   $ (814,966 )   $ 1,017,174 LIABILITIES AND STOCKHOLDERS’ EQUITY                   Current liabilities:                   Accounts payable and accrued expenses $ 299   $ 14,817   $ 4   $ —   $ 15,120 Accrued wages and benefits —   7,521   —   —   7,521 Accrued interest 930   19   —   —   949 Current portion of long-term debt —   27,426   —   —   27,426 Derivative instruments 784   325   —   —   1,109 Accrued income taxes —   267   —   —   267 Other current liabilities 556   2,606   —   —   3,162 Total current liabilities 2,569   52,981   4   —   55,554 Long-term debt 282,118   —   —   —   282,118 Deferred income taxes —   219,114   —   (2,087 )   217,027 Intercompany payables 81,986   536,341   12,258   (630,585 )   — Other liabilities —   2,111   —   —   2,111 Total liabilities 366,673   810,547   12,262   (632,672 )   556,810 Equity:                   Era Group Inc. stockholders’ equity:                   Common stock, $0.01 par value, 60,000,000 shares authorized; 20,371,672 outstanding, exclusive of treasury shares 204   —   —   —   204 Additional paid-in capital 429,109   99,845   496   (100,341 )   429,109 Retained earnings 31,797   83,312   (1,359 )   (81,953 )   31,797 Treasury shares, at cost, 18,609 shares (551 )   —   —   —   (551 ) Accumulated other comprehensive income, net of tax —   95   —   —   95 Total Era Group Inc. stockholders’ equity 460,559   183,252   (863 )   (182,294 )   460,654 Noncontrolling interest in subsidiary —   (290 )   —   —   (290 ) Total equity 460,559   182,962   (863 )   (182,294 )   460,364 Total liabilities and stockholders’ equity $ 827,232   $ 993,509   $ 11,399   $ (814,966 )   $ 1,017,174
Supplemental Condensed Consolidating Statements of Operations	Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended March 31, 2015   Parent   Guarantors   Non-guarantors   Eliminations   Consolidated   (in thousands) Operating revenues $ —   $ 67,415   $ —   $ —   $ 67,415 Costs and expenses:                   Operating —   43,517   88   —   43,605 Administrative and general 1,374   8,369   —   —   9,743 Depreciation —   11,456   146   —   11,602 Total costs and expenses 1,374   63,342   234   —   64,950 Gains on asset dispositions, net —   3,388   —   —   3,388 Operating income (loss) (1,374 )   7,461   (234 )   —   5,853 Other income (expense):                   Interest income 5   245   1   —   251 Interest expense (3,352 )   (193 )   —   —   (3,545 ) Intercompany interest income (expense) —   162   (162 )   —   — Gain on debt extinguishment 264   —   —   —   264 Derivative losses, net —   (12 )   —   —   (12 ) Foreign currency gains (losses), net 542   (3,502 )   —   —   (2,960 ) Total other income (expense) (2,541 )   (3,300 )   (161 )   —   (6,002 ) Income (loss) before income taxes and equity earnings (3,915 )   4,161   (395 )   —   (149 ) Income tax expense (benefit) (1,482 )   1,427   —   —   (55 ) Income (loss) before equity earnings (2,433 )   2,734   (395 )   —   (94 ) Equity losses, net of tax —   (145 )   —   —   (145 ) Equity in earnings (losses) of subsidiaries 2,391   —   —   (2,391 )   — Net income (loss) (42 )   2,589   (395 )   (2,391 )   (239 ) Net loss attributable to non-controlling interest in subsidiary —   197   —   —   197 Net income (loss) attributable to Era Group Inc. $ (42 )   $ 2,786   $ (395 )   $ (2,391 )   $ (42 ) Supplemental Condensed Consolidating Statements of Operations for the Three Months Ended March 31, 2014   Parent   Guarantors   Non-guarantors   Eliminations   Consolidated   (in thousands) Operating revenues $ —   $ 79,231   $ 212   $ —   $ 79,443 Costs and expenses:                   Operating —   49,583   57   —   49,640 Administrative and general 1,767   9,567   —   —   11,334 Depreciation —   11,141   146   —   11,287 Total costs and expenses 1,767   70,291   203   —   72,261 Gains on asset dispositions, net —   2,891   —   —   2,891 Operating income (1,767 )   11,831   9   —   10,073 Other income (expense):                   Interest income 24   120   1   —   145 Interest expense (3,541 )   (212 )   —   —   (3,753 ) Intercompany interest income (expense) —   153   (153 )   —   — Derivative losses, net —   (30 )   —   —   (30 ) Foreign currency losses, net —   (57 )   —   —   (57 ) Total other income (expense) (3,517 )   (26 )   (152 )   —   (3,695 ) Income (loss) before income taxes and equity earnings (5,284 )   11,805   (143 )   —   6,378 Income tax expense (benefit) (2,057 )   4,560   —   —   2,503 Income (loss) before equity earnings (3,227 )   7,245   (143 )   —   3,875 Equity earnings, net of tax —   499   —   —   499 Equity in earnings (losses) of subsidiaries 7,672   —   —   (7,672 )   — Net income (loss) 4,445   7,744   (143 )   (7,672 )   4,374 Net loss attributable to non-controlling interest in subsidiary —   71   —   —   71 Net income (loss) attributable to Era Group Inc. $ 4,445   $ 7,815   $ (143 )   $ (7,672 )   $ 4,445
Supplemental Condensed Consolidating Statements of Comprehensive Income	Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended March 31, 2015   Parent   Guarantors   Non-guarantors   Eliminations   Consolidated   (in thousands) Net income (loss) (42 )   2,589   (395 )   (2,391 )   $ (239 ) Other comprehensive loss:                   Foreign currency translation adjustments —   (3 )   —   —   (3 ) Income tax benefit —   1   —   —   1 Total other comprehensive loss —   (2 )   —   —   (2 ) Comprehensive income (loss) (42 )   2,587   (395 )   (2,391 )   (241 ) Comprehensive loss attributable to non-controlling interest in subsidiary —   197   —   —   197 Comprehensive income (loss) attributable to Era Group Inc. $ (42 )   $ 2,784   $ (395 )   $ (2,391 )   $ (44 ) Supplemental Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended March 31, 2014   Parent   Guarantors   Non-guarantors   Eliminations   Consolidated   (in thousands) Net income (loss) 4,445   7,744   (143 )   (7,672 )   $ 4,374 Other comprehensive loss:                   Foreign currency translation adjustments —   (2 )   —   —   (2 ) Income tax benefit —   1   —   —   1 Total other comprehensive loss —   (1 )   —   —   (1 ) Comprehensive income (loss) 4,445   7,743   (143 )   (7,672 )   4,373 Comprehensive loss attributable to non-controlling interest in subsidiary —   71   —   —   71 Comprehensive income (loss) attributable to Era Group Inc. $ 4,445   $ 7,814   $ (143 )   $ (7,672 )   $ 4,444
Supplemental Condensed Consolidating Statements of Cash Flows	Supplemental Condensed Consolidating Statements of Cash Flows for the Three Months Ended March 31, 2015   Parent   Guarantors   Non-guarantors   Eliminations   Consolidated   (in thousands) Net cash provided by (used in) operating activities $ (1,517 )   $ 8,304   $ 1   $ —   $ 6,788 Cash flows from investing activities:                   Purchases of property and equipment —   (8,866 )   —   —   (8,866 ) Proceeds from disposition of property and equipment —   5,379   —   —   5,379 Cash settlements on forward contracts, net —   —   —   (1,103 )   (1,103 ) Principal payments on notes due from equity investees —   169   —   —   169 Principal payments on third party notes receivable —   25   —   —   25 Escrow deposits, net —   (2,800 )   —   —   (2,800 ) Repayment of intercompany debt —   (1,103 )   —   1,103   — Net cash used in investing activities —   (7,196 )   —   —   (7,196 ) Cash flows from financing activities:                   Payments on long-term debt —   (697 )   —   (15,000 )   (15,697 ) Proceeds from Revolving Credit Facility —   —   —   20,000   20,000 Extinguishment of long-term debt —   —   —   (9,297 )   (9,297 ) Proceeds from share award plans —   —   —   612   612 Repayment of intercompany debt —   (3,685 )   —   3,685   — Net cash used in financing activities —   (4,382 )   —   —   (4,382 ) Effects of exchange rate changes on cash and cash equivalents —   (2,386 )   —   —   (2,386 ) Net increase (decrease) in cash and cash equivalents (1,517 )   (5,660 )   1   —   (7,176 ) Cash and cash equivalents, beginning of period 16,481   22,188   2,198   —   40,867 Cash and cash equivalents, end of period $ 14,964   $ 16,528   $ 2,199   $ —   $ 33,691 Supplemental Condensed Consolidating Statements of Cash Flows for the Three Months Ended March 31, 2014   Parent   Guarantors   Non-guarantors   Eliminations   Consolidated   (in thousands) Net cash provided by (used in) operating activities $ (5,717 )   $ 16,806   $ 188   $ —   $ 11,277 Cash flows from investing activities:                   Purchases of property and equipment —   (18,751 )   —   —   (18,751 ) Proceeds from disposition of property and equipment —   3,566   —   —   3,566 Principal payments on notes due from equity investees —   161   —   —   161 Principal payments on third party notes receivable —   36   —   —   36 Escrow deposits, net —   (3,048 )   —   —   (3,048 ) Net cash used in investing activities —   (18,036 )   —   —   (18,036 ) Cash flows from financing activities:                   Payments on long-term debt —   (697 )   —   —   (697 ) Revolving Credit Facility issuance costs —   —   —   (2,115 )   (2,115 ) Proceeds from share award plans —   —   —   529   529 Repayment of intercompany debt —   (1,586 )   —   1,586   — Net cash used in financing activities —   (2,283 )   —   —   (2,283 ) Effects of exchange rate changes on cash and cash equivalents —   (3 )   —   —   (3 ) Net decrease in cash and cash equivalents (5,717 )   (3,516 )   188   —   (9,045 ) Cash and cash equivalents, beginning of period 24,635   5,403   1,297   —   31,335 Cash and cash equivalents, end of period $ 18,918   $ 1,887   $ 1,485   $ —   $ 22,290