| Computation of basic and diluted earnings per common share |
Computations of basic and diluted earnings per common share of the Company for the three and six months ended June 30, 2018 and 2017 were as follows (in thousands, except share and per share data):
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2018 |
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2017 |
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2018 |
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2017 |
Net loss attributable to Era Group Inc. |
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$ |
(10,379 |
) |
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$ |
(2,787 |
) |
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$ |
(11,573 |
) |
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$ |
(8,407 |
) |
Net income attributable to participating securities |
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— |
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— |
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— |
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— |
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Net loss attributable to fully vested common stock |
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$ |
(10,379 |
) |
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$ |
(2,787 |
) |
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$ |
(11,573 |
) |
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$ |
(8,407 |
) |
Shares: |
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Weighted average common shares outstanding - basic |
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21,199,280 |
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20,789,537 |
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21,199,688 |
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20,650,274 |
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Net effect of dilutive stock options and restricted stock awards based on the treasury stock method(1)
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— |
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— |
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— |
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— |
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Weighted average common shares outstanding - diluted |
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21,199,280 |
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20,789,537 |
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21,199,688 |
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20,650,274 |
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Loss per common share, basic and diluted |
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$ |
(0.49 |
) |
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$ |
(0.13 |
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$ |
(0.55 |
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$ |
(0.41 |
) |
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(1) |
Excludes weighted average common shares of 211,094 and 275,851 for the three months ended June 30, 2018 and 2017, respectively, and 223,497 and 280,199 for the six months ended June 30, 2018 and 2017, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.
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