Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Income Statement [Abstract]        
Operating Revenues $ 74,237 $ 62,985 $ 141,964 $ 124,037
Costs and Expenses:        
Operating 46,945 39,002 90,061 78,678
Administrative and general 9,545 7,195 18,679 16,872
Depreciation 11,431 10,464 23,092 20,094
Total costs and expenses 67,921 56,661 131,832 115,644
Gains on Asset Dispositions, Net 4,476 1,077 15,277 2,842
Operating Income 10,792 7,401 25,409 11,235
Other Income (Expense):        
Interest income 150 249 297 581
Interest expense (4,613) (2,380) (9,345) (4,348)
SEACOR management fees 0 (500) (168) (1,000)
Derivative gains (losses), net 21 (180) 18 (304)
Foreign currency gains (losses), net 315 (12) 56 905
Other, net 9 0 12 30
Total Other Nonoperating Income (Expense) (4,118) (2,823) (9,130) (4,136)
Income Before Income Tax Expense and Equity in Earnings (Losses) of 50% or Less Owned Companies 6,674 4,578 16,279 7,099
Income Tax Expense 2,398 1,686 5,976 2,420
Income Before Equity in Earnings (Losses) of 50% or Less Owned Companies 4,276 2,892 10,303 4,679
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax 674 757 1,236 (5,663)
Net Income (Loss) 4,950 3,649 11,539 (984)
Net Loss Attributable to Noncontrolling Interest in Subsidiary 105 0 210 0
Net Income (Loss) Attributable to Era Group Inc. 5,055 3,649 11,749 (984)
Accretion of Redemption Value on Series A Preferred Stock 0 2,135 721 4,235
Net Income (Loss) Attributable to Common Shares $ 5,055 $ 1,514 $ 11,028 $ (5,219)
Earnings (Loss) Per Common Share:        
Basic and Diluted Earnings (Loss) Per Common Share (in dollars per share) $ 0.25 $ 0.06 $ 0.53 $ (0.21)
Basic and Diluted 20,140,105 24,500,000 20,793,529 24,500,000