Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Income Statement [Abstract]        
Operating Revenues $ 80,997 $ 77,989 $ 222,961 $ 202,026
Costs and Expenses:        
Operating 51,338 46,235 141,399 124,913
Administrative and general 9,683 10,338 28,362 27,210
Depreciation 11,340 10,937 34,432 31,031
Total costs and expenses 72,361 67,510 204,193 183,154
Gains on Asset Dispositions, Net 2,560 613 17,837 3,455
Operating Income 11,196 11,092 36,605 22,327
Other Income (Expense):        
Interest income 155 184 452 765
Interest expense (4,394) (2,543) (13,739) (6,891)
SEACOR management fees 0 (500) (168) (1,500)
Derivative losses, net (96) (188) (78) (492)
Foreign currency gains (losses), net 409 (272) 465 633
Other, net 7 0 19 30
Total Other Nonoperating Income (Expense) (3,919) (3,319) (13,049) (7,455)
Income Before Income Tax Expense and Equity in Earnings (Losses) of 50% or Less Owned Companies 7,277 7,773 23,556 14,872
Income Tax Expense 2,715 2,792 8,691 5,212
Income Before Equity in Earnings (Losses) of 50% or Less Owned Companies 4,562 4,981 14,865 9,660
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax 526 219 1,762 (5,444)
Net Income 5,088 5,200 16,627 4,216
Net Loss Attributable to Noncontrolling Interest in Subsidiary 116 0 326 0
Net Income Attributable to Era Group Inc. 5,204 5,200 16,953 4,216
Accretion of Redemption Value on Series A Preferred Stock 0 2,099 721 6,334
Net Income (Loss) Attributable to Common Shares $ 5,204 $ 3,101 $ 16,232 $ (2,118)
Earnings (Loss) Per Common Share:        
Basic (in dollars per share) $ 0.26 $ 0.13 $ 0.79 $ (0.09)
Diluted (in dollars per share) $ 0.25 $ 0.13 $ 0.79 $ (0.09)
Weighted Average Common Shares Outstanding:        
Basic (in shares) 20,186,013 24,500,000 [1] 20,588,791 [1] 24,500,000
Diluted (in shares) 20,505,932 24,500,000 20,588,791 24,500,000
[1] Excludes 905,430 for the nine month period ending September 30, 2013, and 7,605,769 and 6,729,167 for the three and nine months ending September 30, 2012, respectively, weighted average common shares for the conversion of Series A preferred stock as the effect of their inclusion would have been antidilutive.