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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Operating revenues $ 90,510 $ 80,997 $ 256,533 $ 222,961
Costs and expenses:        
Operating 54,282 51,338 158,601 141,399
Administrative and general 12,941 9,683 34,340 28,362
Depreciation 11,746 11,340 34,458 34,432
Total costs and expenses 78,969 72,361 227,399 204,193
Gains on asset dispositions, net 42 2,560 6,072 17,837
Operating income 11,583 11,196 35,206 36,605
Other income (expense):        
Interest income 130 155 418 452
Interest expense (3,629) (4,394) (11,222) (13,739)
SEACOR management fees 0 0 0 (168)
Derivative losses, net (1,703) (96) (1,744) (78)
Note receivable impairment 0 0 (2,457) 0
Foreign currency gains (losses), net (485) 409 (521) 465
Other, net (3) 7 10 19
Total Other Nonoperating Income (Expense) (5,690) (3,919) (15,516) (13,049)
Income before income tax expense and equity earnings 5,893 7,277 19,690 23,556
Income tax expense 2,868 2,715 8,130 8,691
Income before equity earnings 3,025 4,562 11,560 14,865
Equity earnings, net of tax 1,286 526 2,321 1,762
Net income 4,311 5,088 13,881 16,627
Net loss (income) attributable to noncontrolling interest in subsidiary (45) 116 51 326
Net income attributable to Era Group Inc. 4,266 5,204 13,932 16,953
Accretion of redemption value on Series A preferred stock 0 0 0 721
Net income attributable to common shares $ 4,266 $ 5,204 $ 13,932 $ 16,232
Earnings per common share:        
Basic (in dollars per share) $ 0.21 $ 0.26 $ 0.69 $ 0.79
Diluted (in dollars per share) $ 0.21 $ 0.26 $ 0.68 $ 0.79
Weighted average common shares outstanding:        
Basic (in shares) 20,098,239 19,918,876 20,039,609 20,426,277
Diluted (in shares) 20,163,990 19,960,453 20,108,399 20,463,795