| 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 nine months ended September 30, 2019 and 2018 were as follows (in thousands, except share and per share data):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2019 |
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2018 |
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2019 |
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2018 |
Net income (loss) attributable to Era Group Inc. |
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$ |
(1,910 |
) |
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$ |
31,289 |
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$ |
(2,913 |
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$ |
19,716 |
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Less: Net income attributable to participating securities |
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— |
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714 |
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— |
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425 |
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Net income (loss) attributable to fully vested common stock |
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$ |
(1,910 |
) |
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$ |
30,575 |
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$ |
(2,913 |
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$ |
19,291 |
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Weighted average common shares outstanding: |
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Basic |
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20,625,408 |
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21,215,576 |
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21,129,722 |
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21,139,212 |
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Diluted(1)
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20,629,328 |
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21,239,189 |
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21,131,029 |
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21,156,466 |
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Income (loss) per common share, basic and diluted |
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$ |
(0.09 |
) |
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$ |
1.44 |
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$ |
(0.14 |
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$ |
0.91 |
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____________________
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(1) |
Excludes weighted average common shares of 207,532 and 224,769 for the three months ended September 30, 2019 and 2018, respectively, and 204,919 and 223,921 for the nine months ended September 30, 2019 and 2018, respectively, for certain share awards as the effect of their inclusion would have been antidilutive.
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