Bristow Group Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Supplemental Condensed Consolidating Balance Sheet (Details)

Supplemental Condensed Consolidating Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 33,691	$ 40,867	$ 22,290	$ 31,335
Trade, net of allowance for doubtful accounts of $1,926 and $1,955 in 2015 and 2014, respectively	38,949us-gaap_ReceivablesNetCurrent	33,390us-gaap_ReceivablesNetCurrent
Other, net of allowance for doubtful accounts of $437 in each of 2015 and 2014	2,567	2,062
Inventories, net	26,189us-gaap_InventoryNet	26,869us-gaap_InventoryNet
Deferred income taxes	2,167us-gaap_DeferredTaxAssetsNetCurrent	1,996us-gaap_DeferredTaxAssetsNetCurrent
Prepaid expenses and other	4,081	2,661
Escrow deposits	2,800us-gaap_EscrowDeposit	0us-gaap_EscrowDeposit
Total current assets	110,444us-gaap_AssetsCurrent	107,845us-gaap_AssetsCurrent
Property, Plant and Equipment [Abstract]
Property and equipment	1,171,548us-gaap_PropertyPlantAndEquipmentGross	1,171,267us-gaap_PropertyPlantAndEquipmentGross
Accumulated depreciation	(315,399)	(308,141)
Net property and equipment	856,149us-gaap_PropertyPlantAndEquipmentNet	863,126us-gaap_PropertyPlantAndEquipmentNet
Equity investments and advances	31,397	31,753
Investments in consolidated subsidiaries	0	0
Goodwill	352us-gaap_Goodwill	352us-gaap_Goodwill
Intercompany Receivables	0era_IntercompanyReceivables	0era_IntercompanyReceivables
Other assets	15,156us-gaap_OtherAssetsNoncurrent	14,098us-gaap_OtherAssetsNoncurrent
Total assets	1,013,498us-gaap_Assets	1,017,174us-gaap_Assets
Current liabilities:
Accounts payable and accrued expenses	13,904	15,120
Accrued wages and benefits	6,822	7,521
Accrued interest	4,791us-gaap_InterestPayableCurrent	949us-gaap_InterestPayableCurrent
Current portion of long-term debt	26,729us-gaap_LongTermDebtCurrent	27,426us-gaap_LongTermDebtCurrent
Derivative instruments	275us-gaap_DerivativeLiabilitiesCurrent	1,109us-gaap_DerivativeLiabilitiesCurrent
Accrued income taxes	37us-gaap_AccruedIncomeTaxesCurrent	267us-gaap_AccruedIncomeTaxesCurrent
Other current liabilities	3,121us-gaap_OtherLiabilitiesCurrent	3,162us-gaap_OtherLiabilitiesCurrent
Total current liabilities	55,679us-gaap_LiabilitiesCurrent	55,554us-gaap_LiabilitiesCurrent
Long-term debt	277,424us-gaap_LongTermDebtNoncurrent	282,118us-gaap_LongTermDebtNoncurrent
Deferred income taxes	217,200	217,027
Intercompany Payables	0era_IntercompanyPayables	0era_IntercompanyPayables
Other liabilities	1,937era_DeferredGainsAndOtherLiabilities	2,111era_DeferredGainsAndOtherLiabilities
Total liabilities	552,240us-gaap_Liabilities	556,810us-gaap_Liabilities
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,582,841 outstanding, exclusive of treasury shares	206us-gaap_CommonStockValue	204us-gaap_CommonStockValue
Additional paid-in capital	430,251us-gaap_AdditionalPaidInCapital	429,109us-gaap_AdditionalPaidInCapital
Retained earnings	31,755	31,797
Treasury shares, at cost, 19,059 shares	(560)us-gaap_TreasuryStockValue	(551)us-gaap_TreasuryStockValue
Accumulated other comprehensive income, net of tax	93	95
Total Era Group Inc. stockholders’ equity	461,745us-gaap_StockholdersEquity	460,654us-gaap_StockholdersEquity
Noncontrolling interest in subsidiary	(487)us-gaap_MinorityInterest	(290)us-gaap_MinorityInterest
Total equity	461,258	460,364
Total liabilities and stockholders’ equity	1,013,498	1,017,174
Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Trade, net of allowance for doubtful accounts of $1,926 and $1,955 in 2015 and 2014, respectively	0	0
Other, net of allowance for doubtful accounts of $437 in each of 2015 and 2014	0	0
Inventories, net	0	0
Deferred income taxes	(5,819)	(2,087)
Prepaid expenses and other	0	0
Escrow deposits	0	0
Total current assets	(5,819)	(2,087)
Property, Plant and Equipment [Abstract]
Property and equipment	0	0
Accumulated depreciation	0	0
Net property and equipment	0	0
Equity investments and advances	0	0
Investments in consolidated subsidiaries	(184,685)	(182,294)
Goodwill	0	0
Intercompany Receivables	(640,888)	(630,585)
Other assets	0	0
Total assets	(831,392)	(814,966)
Current liabilities:
Accounts payable and accrued expenses	0	0
Accrued wages and benefits	0	0
Accrued interest	0	0
Current portion of long-term debt	0	0
Derivative instruments	0	0
Accrued income taxes	0	0
Other current liabilities	0	0
Total current liabilities	0	0
Long-term debt	0	0
Deferred income taxes	(5,819)	(2,087)
Intercompany Payables	(640,888)	(630,585)
Other liabilities	0	0
Total liabilities	(646,707)	(632,672)
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,582,841 outstanding, exclusive of treasury shares	0	0
Additional paid-in capital	(100,341)	(100,341)
Retained earnings	(84,344)	(81,953)
Treasury shares, at cost, 19,059 shares	0	0
Accumulated other comprehensive income, net of tax	0	0
Total Era Group Inc. stockholders’ equity	(184,685)	(182,294)
Noncontrolling interest in subsidiary	0	0
Total equity	(184,685)	(182,294)
Total liabilities and stockholders’ equity	(831,392)	(814,966)
Parent [Member]
Current assets:
Cash and cash equivalents	14,964	16,481	18,918	24,635
Trade, net of allowance for doubtful accounts of $1,926 and $1,955 in 2015 and 2014, respectively	39	39
Other, net of allowance for doubtful accounts of $437 in each of 2015 and 2014	66	65
Inventories, net	0	0
Deferred income taxes	7,986	4,083
Prepaid expenses and other	739	424
Escrow deposits	0	0
Total current assets	23,794	21,092
Property, Plant and Equipment [Abstract]
Property and equipment	0	0
Accumulated depreciation	0	0
Net property and equipment	0	0
Equity investments and advances	0	0
Investments in consolidated subsidiaries	184,685	182,294
Goodwill	0	0
Intercompany Receivables	627,077	616,932
Other assets	6,445	6,914
Total assets	842,001	827,232
Current liabilities:
Accounts payable and accrued expenses	144	299
Accrued wages and benefits	0	0
Accrued interest	4,772	930
Current portion of long-term debt	0	0
Derivative instruments	0	784
Accrued income taxes	0	0
Other current liabilities	610	556
Total current liabilities	5,526	2,569
Long-term debt	277,424	282,118
Deferred income taxes	0	0
Intercompany Payables	97,399	81,986
Other liabilities	0	0
Total liabilities	380,349	366,673
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	204
Additional paid-in capital	430,251	429,109
Retained earnings	31,755	31,797
Treasury shares, at cost, 19,059 shares	(560)	(551)
Accumulated other comprehensive income, net of tax	0	0
Total Era Group Inc. stockholders’ equity	461,652	460,559
Noncontrolling interest in subsidiary	0	0
Total equity	461,652	460,559
Total liabilities and stockholders’ equity	842,001	827,232
Guarantor [Member]
Current assets:
Cash and cash equivalents	16,528	22,188	1,887	5,403
Trade, net of allowance for doubtful accounts of $1,926 and $1,955 in 2015 and 2014, respectively	38,910	33,351
Other, net of allowance for doubtful accounts of $437 in each of 2015 and 2014	2,501	1,997
Inventories, net	26,189	26,869
Deferred income taxes	0	0
Prepaid expenses and other	3,342	2,237
Escrow deposits	2,800	0
Total current assets	90,270	86,642
Property, Plant and Equipment [Abstract]
Property and equipment	1,161,611	1,161,330
Accumulated depreciation	(313,122)	(306,010)
Net property and equipment	848,489	855,320
Equity investments and advances	31,397	31,753
Investments in consolidated subsidiaries	0	0
Goodwill	352	352
Intercompany Receivables	12,420	12,258
Other assets	8,711	7,184
Total assets	991,639	993,509
Current liabilities:
Accounts payable and accrued expenses	13,672	14,817
Accrued wages and benefits	6,822	7,521
Accrued interest	19	19
Current portion of long-term debt	26,729	27,426
Derivative instruments	275	325
Accrued income taxes	37	267
Other current liabilities	2,511	2,606
Total current liabilities	50,065	52,981
Long-term debt	0	0
Deferred income taxes	223,019	219,114
Intercompany Payables	531,069	536,341
Other liabilities	1,937	2,111
Total liabilities	806,090	810,547
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,582,841 outstanding, exclusive of treasury shares	0	0
Additional paid-in capital	99,845	99,845
Retained earnings	86,098	83,312
Treasury shares, at cost, 19,059 shares	0	0
Accumulated other comprehensive income, net of tax	93	95
Total Era Group Inc. stockholders’ equity	186,036	183,252
Noncontrolling interest in subsidiary	(487)	(290)
Total equity	185,549	182,962
Total liabilities and stockholders’ equity	991,639	993,509
Non-Guarantor [Member]
Current assets:
Cash and cash equivalents	2,199	2,198	1,485	1,297
Trade, net of allowance for doubtful accounts of $1,926 and $1,955 in 2015 and 2014, respectively	0	0
Other, net of allowance for doubtful accounts of $437 in each of 2015 and 2014	0	0
Inventories, net	0	0
Deferred income taxes	0	0
Prepaid expenses and other	0	0
Escrow deposits	0	0
Total current assets	2,199	2,198
Property, Plant and Equipment [Abstract]
Property and equipment	9,937	9,937
Accumulated depreciation	(2,277)	(2,131)
Net property and equipment	7,660	7,806
Equity investments and advances	0	0
Investments in consolidated subsidiaries	0	0
Goodwill	0	0
Intercompany Receivables	1,391	1,395
Other assets	0	0
Total assets	11,250	11,399
Current liabilities:
Accounts payable and accrued expenses	88	4
Accrued wages and benefits	0	0
Accrued interest	0	0
Current portion of long-term debt	0	0
Derivative instruments	0	0
Accrued income taxes	0	0
Other current liabilities	0	0
Total current liabilities	88	4
Long-term debt	0	0
Deferred income taxes	0	0
Intercompany Payables	12,420	12,258
Other liabilities	0	0
Total liabilities	12,508	12,262
Era Group Inc. stockholders’ equity:
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,582,841 outstanding, exclusive of treasury shares	0	0
Additional paid-in capital	496	496
Retained earnings	(1,754)	(1,359)
Treasury shares, at cost, 19,059 shares	0	0
Accumulated other comprehensive income, net of tax	0	0
Total Era Group Inc. stockholders’ equity	(1,258)	(863)
Noncontrolling interest in subsidiary	0	0
Total equity	(1,258)	(863)
Total liabilities and stockholders’ equity	$ 11,250	$ 11,399