Annual report pursuant to Section 13 and 15(d)

GUARANTORS OF SECURITIES (Tables)

v3.19.3.a.u2
GUARANTORS OF SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2019
Guarantees [Abstract]  
Condensed Consolidating Balance Sheet
Supplemental Condensed Consolidating Balance Sheet as of December 31, 2019
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands, except share data)
ASSETS
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
114,965

 
$
—

 
$
2,401

 
$
—

 
$
117,366

Receivables:
 
 
 
 
 
 
 
 
 
Trade, operating, net of allowance for doubtful accounts
—

 
27,230

 
5,500

 
—

 
32,730

Trade, dry leasing
—

 
5,234

 
—

 
—

 
5,234

Tax receivables
—

 
2

 
2,858

 
—

 
2,860

Other
—

 
15,136

 
285

 
—

 
15,421

Inventories, net
—

 
20,019

 
47

 
—

 
20,066

Prepaid expenses
488

 
1,480

 
216

 
—

 
2,184

Total current assets
115,453

 
69,101

 
11,307

 
—

 
195,861

Property and equipment
—

 
878,281

 
16,782

 
—

 
895,063

Accumulated depreciation
—

 
(333,788
)
 
(4,376
)
 
—

 
(338,164
)
Property and equipment, net
—

 
544,493

 
12,406

 
—

 
556,899

Operating lease right-of-use
—

 
7,694

 
1,774

 
—

 
9,468

Investments in consolidated subsidiaries
190,142

 
—

 
—

 
(190,142
)
 
—

Intangible assets
—

 
—

 
96

 
—

 
96

Deferred income taxes
9,909

 
—

 
—

 
(9,909
)
 
—

Intercompany receivables
288,023

 
—

 
—

 
(288,023
)
 
—

Other assets
670

 
1,082

 
439

 
—

 
2,191

Total assets
$
604,197

 
$
622,370

 
$
26,022

 
$
(488,074
)
 
$
764,515

LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable and accrued expenses
$
405

 
$
10,937

 
$
1,581

 
$
—

 
$
12,923

Accrued wages and benefits
122

 
9,065

 
1,367

 
—

 
10,554

Accrued interest
468

 
52

 
—

 
—

 
520

Accrued income taxes
3,595

 
1

 
16

 
—

 
3,612

Accrued other taxes
—

 
487

 
450

 
—

 
937

Accrued contingencies
—

 
—

 
598

 
—

 
598

Current portion of long-term debt
—

 
18,317

 
—

 
—

 
18,317

Other current liabilities
1,053

 
1,866

 
396

 
—

 
3,315

Total current liabilities
5,643

 
40,725

 
4,408

 
—

 
50,776

Long-term debt
141,832

 
—

 
—

 
—

 
141,832

Deferred income taxes
—

 
112,795

 
907

 
(9,909
)
 
103,793

Intercompany payables
—

 
225,341

 
62,702

 
(288,043
)
 
—

Operating lease liabilities
—

 
6,434

 
1,381

 
—

 
7,815

Deferred gains and other liabilities
—

 
745

 
—

 
—

 
745

Total liabilities
147,475

 
386,040

 
69,398

 
(297,952
)
 
304,961

Redeemable noncontrolling interest
—

 
—

 
2,812

 
—

 
2,812

Equity:
 
 
 
 
 
 
 
 
 
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,285,613 outstanding, exclusive of treasury shares
224

 
—

 
—

 
—

 
224

Additional paid-in capital
452,010

 
100,307

 
4,562

 
(104,870
)
 
452,009

Retained earnings
14,671

 
136,023

 
(50,750
)
 
(85,252
)
 
14,692

Treasury shares, at cost, 1,152,826 shares
(10,183
)
 
—

 
—

 
—

 
(10,183
)
Total equity
456,722

 
236,330

 
(46,188
)
 
(190,122
)
 
456,742

Total liabilities, redeemable noncontrolling interest and stockholders’ equity
$
604,197

 
$
622,370

 
$
26,022

 
$
(488,074
)
 
$
764,515

Supplemental Condensed Consolidating Balance Sheet as of December 31, 2018
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands, except share data)
ASSETS
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
48,396

 
$
—

 
$
2,357

 
$
—

 
$
50,753

Receivables:
 
 
 
 
 
 
 
 
 
Trade, operating, net of allowance for doubtful accounts of $261
—

 
27,509

 
5,797

 
$
—

 
33,306

Trade, dry leasing
—

 
3,803

 
—

 
—

 
3,803

Tax receivables
—

 
6

 
3,181

 
—

 
3,187

Other
—

 
1,949

 
394

 
—

 
2,343

Inventories, net
—

 
20,633

 
40

 
—

 
20,673

Prepaid expenses
398

 
1,219

 
190

 
—

 
1,807

Total current assets
48,794

 
55,119

 
11,959

 
—

 
115,872

Property and equipment
—

 
900,611

 
16,550

 
—

 
917,161

Accumulated depreciation
—

 
(314,567
)
 
(3,400
)
 
—

 
(317,967
)
Property and equipment, net
—

 
586,044

 
13,150

 
—

 
599,194

Equity investments and advances
—

 
27,112

 
—

 
—

 
27,112

Investments in consolidated subsidiaries
172,950

 
—

 
—

 
(172,950
)
 
—

Intangible assets
—

 
—

 
1,107

 
—

 
1,107

Deferred income taxes
9,904

 
—

 
—

 
(9,904
)
 
—

Intercompany receivables
366,541

 
—

 
—

 
(366,541
)
 
—

Other assets
1,251

 
20,231

 
96

 
—

 
21,578

Total assets
$
599,440

 
$
688,506

 
$
26,312

 
$
(549,395
)
 
$
764,863

LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable and accrued expenses
$
136

 
$
11,357

 
$
1,668

 
$
—

 
$
13,161

Accrued wages and benefits
43

 
7,743

 
1,481

 
—

 
9,267

Accrued interest
500

 
69

 
—

 
—

 
569

Accrued income taxes
918

 
6

 
49

 
—

 
973

Accrued other taxes
—

 
768

 
500

 
—

 
1,268

Accrued contingencies
—

 
—

 
630

 
—

 
630

Current portion of long-term debt
—

 
1,663

 
395

 
—

 
2,058

Other current liabilities
647

 
220

 
11

 
—

 
878

Total current liabilities
2,244

 
21,826

 
4,734

 
—

 
28,804

Long-term debt
133,900

 
26,317

 
—

 
—

 
160,217

Deferred income taxes
—

 
117,015

 
1,245

 
(9,903
)
 
108,357

Intercompany payables
—

 
310,727

 
55,847

 
(366,574
)
 
—

Deferred gains and other liabilities
—

 
720

 
27

 
—

 
747

Total liabilities
136,144

 
476,605

 
61,853

 
(376,477
)
 
298,125

Redeemable noncontrolling interest
—

 
3

 
3,299

 
—

 
3,302

Equity:
 
 
 
 
 
 
 
 
 
Era Group Inc. stockholders’ equity:
 
 
 
 
 
 
 
 
 
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,765,404 outstanding, exclusive of treasury shares
219

 
—

 
—

 
—

 
219

Additional paid-in capital
447,299

 
100,306

 
4,562

 
(104,869
)
 
447,298

Retained earnings
18,254

 
111,482

 
(43,402
)
 
(68,049
)
 
18,285

Treasury shares, at cost, 156,737 shares
(2,476
)
 
—

 
—

 
—

 
(2,476
)
Accumulated other comprehensive income, net of tax
—

 
110

 
—

 
—

 
110

Total equity
463,296

 
211,898

 
(38,840
)
 
(172,918
)
 
463,436

Total liabilities, redeemable noncontrolling interest and stockholders’ equity
$
599,440

 
$
688,506

 
$
26,312

 
$
(549,395
)
 
$
764,863

Condensed Consolidating Statements of Operations
Supplemental Condensed Consolidating Statements of Operations for the Year Ended December 31, 2019
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Revenues
$
—

 
$
202,653

 
$
55,695

 
$
(32,289
)
 
$
226,059

Costs and expenses:
 
 
 
 
 
 
 
 
 
Operating
—

 
128,928

 
57,896

 
(32,278
)
 
154,546

Administrative and general
5,777

 
28,930

 
3,571

 
—

 
38,278

Depreciation
—

 
36,716

 
903

 
—

 
37,619

Total costs and expenses
5,777

 
194,574

 
62,370

 
(32,278
)
 
230,443

Gains on asset dispositions, net
—

 
3,657

 
—

 
—

 
3,657

Loss on impairment
—

 
(2,551
)
 
—

 
—

 
(2,551
)
Operating income (loss)
(5,777
)
 
9,185

 
(6,675
)
 
(11
)
 
(3,278
)
Other income (expense):
 
 
 
 
 
 
 
 
 
Interest income
1,617

 
1,761

 
109

 
—

 
3,487

Interest expense
(13,007
)
 
(790
)
 
(77
)
 
—

 
(13,874
)
Loss on sale of investments
(569
)
 
—

 
—

 
—

 
(569
)
Foreign currency gains (losses), net
(40
)
 
81

 
(513
)
 
—

 
(472
)
Loss on debt extinguishment
(13
)
 
—

 
—

 
—

 
(13
)
Other, net
(20
)
 
1,010

 
(1,018
)
 
—

 
(28
)
Total other income (expense)
(12,032
)
 
2,062

 
(1,499
)
 
—

 
(11,469
)
Income (loss) before income taxes and equity earnings
(17,809
)
 
11,247

 
(8,174
)
 
(11
)
 
(14,747
)
Income tax expense (benefit)
2,964

 
(3,357
)
 
(338
)
 
—

 
(731
)
Income (loss) before equity earnings
(20,773
)
 
14,604

 
(7,836
)
 
(11
)
 
(14,016
)
Equity in earnings (losses) of subsidiaries
17,191

 
9,935

 
—

 
(17,191
)
 
9,935

Net income (loss)
(3,582
)
 
24,539

 
(7,836
)
 
(17,202
)
 
(4,081
)
Net loss attributable to non-controlling interest in subsidiary
—

 
—

 
488

 
—

 
488

Net income (loss) attributable to Era Group Inc.
$
(3,582
)
 
$
24,539

 
$
(7,348
)
 
$
(17,202
)
 
$
(3,593
)
Supplemental Condensed Consolidating Statements of Operations for the Year Ended December 31, 2018
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Revenues
$
—

 
$
194,932

 
$
55,625

 
$
(28,881
)
 
$
221,676

Costs and expenses:
 
 
 
 
 
 
 
 
 
Operating
—

 
122,490

 
57,947

 
(28,914
)
 
151,523

Administrative and general
15,017

 
25,597

 
4,512

 
—

 
45,126

Depreciation
—

 
38,553

 
988

 
—

 
39,541

Total costs and expenses
15,017

 
186,640

 
63,447

 
(28,914
)
 
236,190

Gains on asset dispositions, net
—

 
1,618

 
(43
)
 
—

 
1,575

Litigation settlement proceeds
42,000

 
—

 
—

 
—

 
42,000

Loss on impairment
—

 
(991
)
 
—

 
—

 
(991
)
Operating income (loss)
26,983

 
8,919

 
(7,865
)
 
33

 
28,070

Other income (expense):
 
 
 
 
 
 
 
 
 
Interest income
395

 
1,371

 
276

 
—

 
2,042

Interest expense
(14,149
)
 
(802
)
 
(180
)
 
—

 
(15,131
)
Foreign currency gains, net
(95
)
 
(178
)
 
(745
)
 
—

 
(1,018
)
Gain on debt extinguishment
—

 
—

 
175

 
—

 
175

Other, net
—

 
34

 
20

 
—

 
54

Total other income (expense)
(13,849
)
 
425

 
(454
)
 
—

 
(13,878
)
Income (loss) before income taxes and equity earnings
13,134

 
9,344

 
(8,319
)
 
33

 
14,192

Income tax expense (benefit)
10,845

 
(7,900
)
 
(5
)
 
—

 
2,940

Income (loss) before equity earnings
2,289

 
17,244

 
(8,314
)
 
33

 
11,252

Equity in earnings (losses) of subsidiaries
11,601

 
2,206

 
—

 
(11,601
)
 
2,206

Net income (loss)
13,890

 
19,450

 
(8,314
)
 
(11,568
)
 
13,458

Net loss attributable to non-controlling interest in subsidiary
—

 
—

 
464

 
—

 
464

Net income (loss) attributable to Era Group Inc.
$
13,890

 
$
19,450

 
$
(7,850
)
 
$
(11,568
)
 
$
13,922

Supplemental Condensed Consolidating Statements of Operations for the Year Ended December 31, 2017
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Revenues
$
—

 
$
201,653

 
$
60,466

 
$
(30,798
)
 
$
231,321

Costs and expenses:
 
 
 
 
 
 
 
 
 
Operating
—

 
133,077

 
65,167

 
(30,798
)
 
167,446

Administrative and general
7,887

 
28,451

 
5,754

 
—

 
42,092

Depreciation
—

 
44,756

 
980

 
—

 
45,736

Total costs and expenses
7,887

 
206,284

 
71,901

 
(30,798
)
 
255,274

Gains on asset dispositions, net
—

 
4,364

 
143

 
—

 
4,507

Loss on impairment
—

 
(116,586
)
 
(432
)
 
—

 
(117,018
)
Operating loss
(7,887
)
 
(116,853
)
 
(11,724
)
 
—

 
(136,464
)
Other income (expense):
 
 
 
 
 
 
 
 
 
Interest income
108

 
419

 
233

 
—

 
760

Interest expense
(14,495
)
 
(800
)
 
(1,468
)
 
—

 
(16,763
)
Foreign currency gains, net
256

 
330

 
(812
)
 
—

 
(226
)
Other, net
—

 
143

 
(155
)
 
—

 
(12
)
Total other income (expense)
(14,131
)
 
92

 
(2,202
)
 
—

 
(16,241
)
Income (loss) before income taxes and equity earnings
(22,018
)
 
(116,761
)
 
(13,926
)
 
—

 
(152,705
)
Income tax expense (benefit)
(7,338
)
 
(112,295
)
 
(3,032
)
 
—

 
(122,665
)
Income (loss) before equity earnings
(14,680
)
 
(4,466
)
 
(10,894
)
 
—

 
(30,040
)
Equity earnings, net of tax
—

 
1,425

 
—

 
—

 
1,425

Equity in earnings (losses) of subsidiaries
(13,481
)
 
—

 
—

 
13,481

 
—

Net income (loss)
(28,161
)
 
(3,041
)
 
(10,894
)
 
13,481

 
(28,615
)
Net income attributable to non-controlling interest in subsidiary
—

 
—

 
454

 
—

 
454

Net income (loss) attributable to Era Group Inc.
$
(28,161
)
 
$
(3,041
)
 
$
(10,440
)
 
$
13,481

 
$
(28,161
)
Condensed Consolidating Statements of Comprehensive Income
Supplemental Condensed Consolidating Statements of Comprehensive Income for the Year Ended December 31, 2019
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Net income (loss)
$
(3,582
)
 
$
24,539

 
$
(7,836
)
 
$
(17,202
)
 
$
(4,081
)
Comprehensive income (loss)
(3,582
)
 
24,539

 
(7,836
)
 
(17,202
)
 
(4,081
)
Comprehensive loss attributable to non-controlling interest in subsidiary
—

 
—

 
488

 
—

 
488

Comprehensive income (loss) attributable to Era Group Inc.
$
(3,582
)
 
$
24,539

 
$
(7,348
)
 
$
(17,202
)
 
$
(3,593
)

Supplemental Condensed Consolidating Statements of Comprehensive Income for the Year Ended December 31, 2018
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Net income (loss)
$
13,890

 
$
19,450

 
$
(8,314
)
 
$
(11,568
)
 
$
13,458

Comprehensive income (loss)
13,890

 
19,450

 
(8,314
)
 
(11,568
)
 
13,458

Comprehensive loss attributable to non-controlling interest in subsidiary
—

 
—

 
464

 
—

 
464

Comprehensive income (loss) attributable to Era Group Inc.
$
13,890

 
$
19,450

 
$
(7,850
)
 
$
(11,568
)
 
$
13,922


Supplemental Condensed Consolidating Statements of Comprehensive Income for the Year Ended December 31, 2017
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Net income (loss)
$
(28,161
)
 
$
(3,041
)
 
$
(10,894
)
 
$
13,481

 
$
(28,615
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
—

 
18

 
—

 
—

 
18

Total other comprehensive income (loss)
—

 
18

 
—

 
—

 
18

Comprehensive income (loss)
(28,161
)
 
(3,023
)
 
(10,894
)
 
13,481

 
(28,597
)
Comprehensive loss attributable to non-controlling interest in subsidiary
—

 
—

 
454

 
—

 
454

Comprehensive income (loss) attributable to Era Group Inc.
$
(28,161
)
 
$
(3,023
)
 
$
(10,440
)
 
$
13,481

 
$
(28,143
)
Condensed Consolidating Statements of Cash Flows
Supplemental Condensed Consolidating Statements of Cash Flows for the Year Ended December 31, 2019
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Net cash provided by (used in) operating activities
$
75,592

 
$
(48,747
)
 
$
706

 
$
—

 
$
27,551

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Purchases of property and equipment
—

 
(6,413
)
 
(145
)
 
—

 
(6,558
)
Proceeds from disposition of property and equipment
—

 
13,252

 
—

 
—

 
13,252

Purchase of investments
(5,000
)
 
—

 
—

 
—

 
(5,000
)
Proceeds from sale of investments
4,430

 
—

 
—

 
—

 
4,430

Proceeds from sale of equity investees
—

 
34,712

 
—

 
—

 
34,712

Principal payments on notes due from equity investees
—

 
2,334

 
—

 
—

 
2,334

Principal payments on third party notes receivable
—

 
5,447

 
—

 
—

 
5,447

Net cash provided by (used in) investing activities
(570
)
 
49,332

 
(145
)
 
—

 
48,617

Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Payments on long-term debt
—

 
(1,662
)
 
(393
)
 
—

 
(2,055
)
Extinguishment of long-term debt
(740
)
 
—

 
—

 
—

 
(740
)
Proceeds from share award plans
—

 
—

 
—

 
1,077

 
1,077

Purchase of treasury shares
(7,707
)
 
—

 
—

 
—

 
(7,707
)
Borrowings and repayments of intercompany debt
—

 
1,077

 
—

 
(1,077
)
 
—

Net cash used in financing activities
(8,447
)
 
(585
)
 
(393
)
 
—

 
(9,425
)
Effects of exchange rate changes on cash, cash equivalents and restricted cash
—

 
—

 
(130
)
 
—

 
(130
)
Net increase (decrease) in cash, cash equivalents and restricted cash
66,575

 
—

 
38

 
—

 
66,613

Cash, cash equivalents and restricted cash, beginning of year
48,396

 
—

 
2,357

 
—

 
50,753

Cash, cash equivalents and restricted cash, end of year
$
114,971

 
$
—

 
$
2,395

 
$
—

 
$
117,366


Supplemental Condensed Consolidating Statements of Cash Flows for the Year Ended December 31, 2018
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Net cash provided by operating activities
$
37,596

 
$
14,639

 
$
2,119

 
$
—

 
$
54,354

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Purchases of property and equipment
—

 
(8,867
)
 
(349
)
 
—

 
(9,216
)
Proceeds from disposition of property and equipment
—

 
29,590

 
—

 
—

 
29,590

Dividends received from equity investees
—

 
1,000

 
—

 
—

 
1,000

Principal payments on notes due from equity investees
—

 
518

 
—

 
—

 
518

Principal payments on third party notes receivable
—

 
934

 
—

 
—

 
934

Net cash provided by (used in) investing activities
—

 
23,175

 
(349
)
 
—

 
22,826

Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Long-term debt issuance costs
—

 
—

 
—

 
(1,295
)
 
(1,295
)
Payments on long-term debt
—

 
(1,662
)
 
(1,224
)
 
(39,000
)
 
(41,886
)
Proceeds from share award plans
—

 
—

 
—

 
893

 
893

Extinguishment of long-term debt
—

 
—

 
(1,221
)
 
—

 
(1,221
)
Borrowings and repayments of intercompany debt
—

 
(39,402
)
 
—

 
39,402

 
—

Net cash used in financing activities
—

 
(41,064
)
 
(2,445
)
 
—

 
(43,509
)
Effects of exchange rate changes on cash, cash equivalents and restricted cash
—

 
—

 
249

 
—

 
249

Net increase (decrease) in cash, cash equivalents and restricted cash
37,596

 
(3,250
)
 
(426
)
 
—

 
33,920

Cash, cash equivalents and restricted cash, beginning of year
10,800

 
3,250

 
2,783

 
—

 
16,833

Cash, cash equivalents and restricted cash, end of year
$
48,396

 
$
—

 
$
2,357

 
$
—

 
$
50,753



Supplemental Condensed Consolidating Statements of Cash Flows for the Year Ended December 31, 2017
 
Parent
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Consolidated
 
(in thousands)
Net cash provided by (used in) operating activities
$
(14,706
)
 
$
32,601

 
$
2,201

 
$
—

 
$
20,096

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Purchases of property and equipment
—

 
(16,600
)
 
(170
)
 
—

 
(16,770
)
Proceeds from disposition of property and equipment
—

 
9,392

 
—

 
—

 
9,392

Principal payments on notes due from equity investees
—

 
761

 
—

 
—

 
761

Investments in and advances to equity investees
—

 
(126
)
 
—

 
—

 
(126
)
Principal payments on third party notes receivable
—

 
169

 
—

 
—

 
169

Escrow deposits on like-kind exchanges, net
—

 
—

 
—

 
—

 
—

Net cash used in investing activities
—

 
(6,404
)
 
(170
)
 
—

 
(6,574
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from Revolving Credit Facility
—

 
8,000

 
—

 
9,000

 
17,000

Payments on long-term debt
—

 
(1,526
)
 
(755
)
 
(43,000
)
 
(45,281
)
Proceeds from share award plans
—

 
—

 
—

 
836

 
836

Purchase of treasury shares
—

 
—

 
—

 
(52
)
 
(52
)
Borrowings and repayments of intercompany debt
—

 
(33,216
)
 
—

 
33,216

 
—

Net cash used in financing activities
—

 
(26,742
)
 
(755
)
 
—

 
(27,497
)
Effects of exchange rate changes on cash, cash equivalents and restricted cash
32

 
18

 
31

 
—

 
81

Net increase (decrease) in cash, cash equivalents and restricted cash
(14,674
)
 
(527
)
 
1,307

 
—

 
(13,894
)
Cash, cash equivalents and restricted cash, beginning of year
25,474

 
3,777

 
1,476

 
—

 
30,727

Cash, cash equivalents and restricted cash, end of year
$
10,800

 
$
3,250

 
$
2,783

 
$
—

 
$
16,833