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
Mar. 31, 2014
Mar. 31, 2013
Income Statement [Abstract]    
Operating Revenues $ 79,443 $ 67,727
Costs and Expenses:    
Operating 49,640 43,116
Administrative and general 11,334 9,134
Depreciation 11,287 11,661
Total costs and expenses 72,261 63,911
Gains on Asset Dispositions, Net 2,891 10,801
Operating Income 10,073 14,617
Other Income (Expense):    
Interest income 145 147
Interest expense (3,753) (4,732)
SEACOR management fees 0 (168)
Derivative losses, net (30) (3)
Foreign currency losses, net (57) (259)
Other, net 0 3
Total Other Nonoperating Income (Expense) (3,695) (5,012)
Income Before Income Tax Expense and Equity in Earnings (Losses) of 50% or Less Owned Companies 6,378 9,605
Income Tax Expense 2,503 3,578
Income Before Equity in Earnings (Losses) of 50% or Less Owned Companies 3,875 6,027
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax 499 562
Net Income 4,374 6,589
Net Loss Attributable to Noncontrolling Interest in Subsidiary 71 105
Net Income Attributable to Era Group Inc. 4,445 6,694
Accretion of Redemption Value on Series A Preferred Stock 0 721
Net Income Attributable to Common Shares $ 4,445 $ 5,973
Earnings Per Common Share:    
Basic (in dollars per share) $ 0.22 $ 0.28
Diluted (in dollars per share) $ 0.22 $ 0.28
Weighted Average Common Shares Outstanding:    
Basic (in shares) 20,217,690 21,454,396 [1]
Diluted (in shares) 20,553,537 21,454,396
[1] Excludes 2,009,659 weighted average common shares issuable upon the conversion of Series A preferred stock for the three month period ending March 31, 2013, as the effect of their inclusion in the computation would have been antidilutive.