Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.7.0.1
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic earnings per common share of the Company are computed based on the weighted average number of common shares issued and outstanding during the relevant periods. Diluted earnings per common share of the Company are computed based on the weighted average number of common shares issued and outstanding plus the effect of potentially dilutive securities through the application of the if-converted method and/or treasury method. Dilutive securities for this purpose assumes all common shares have been issued and outstanding during the relevant periods pursuant to the exercise of outstanding stock options.
Computations of basic and diluted earnings per common share for the years ended December 31, 2016, 2015 and 2014 were as follows (in thousands, except share and per share data):
 
 
2016
 
2015
 
2014
Net income (loss) attributable to Era Group Inc.
 
$
(7,978
)
 
$
8,705

 
$
17,117

Net income attributable to participating securities
 
$
—

 
$
121

 
$
207

Net income (loss) attributable to fully vested common stock
 
$
(7,978
)
 
$
8,584

 
$
16,910

Shares:
 
 
 
 
 
 
Weighted average number of common shares outstanding—basic
 
20,350,066

 
20,228,370

 
20,073,378

Net effect of dilutive stock options and restricted stock awards based on the treasury stock method(1)
 
—

 
42,386

 
66,203

Weighted average number of common shares outstanding—diluted
 
20,350,066

 
20,270,756

 
20,139,581

Earnings per common share:
 
 
 
 
 
 
Basic
 
$
(0.39
)
 
$
0.42

 
$
0.84

Diluted
 
$
(0.39
)
 
$
0.42

 
$
0.84

_______________
(1)
Excludes weighted average common shares of 294,273, 209,446 and 35,260 for the years ended December 31, 2016, 2015 and 2014, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.