Quarterly report pursuant to Section 13 or 15(d)

GUARANTORS OF SECURITIES (Condensed Balance Sheet) (Details)

v3.3.0.814
GUARANTORS OF SECURITIES (Condensed Balance Sheet) (Details) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2014
Dec. 31, 2013
Current assets:        
Cash and cash equivalents $ 13,808 $ 40,867 $ 40,357 $ 31,335
Receivables:        
Trade, net of allowance for doubtful accounts of $1,999 39,498 33,390    
Other 2,513 2,062    
Inventories, net 24,932 26,869    
Deferred income taxes 2,276 1,996    
Prepaid expenses and other 3,055 2,661    
Escrow deposits 2,297 0    
Total current assets 88,379 107,845    
Property and equipment 1,175,693 1,171,267    
Accumulated depreciation (311,070) (308,141)    
Net property and equipment 864,623 863,126    
Equity investments and advances 30,256 31,753    
Investments in consolidated subsidiaries 0 0    
Goodwill 1,589 352    
Intangible assets 1,411 0    
Intercompany receivables 0 0    
Other assets 12,522 14,098    
Total assets 998,780 1,017,174    
Current liabilities:        
Accounts payable and accrued expenses 12,037 15,120    
Accrued wages and benefits 7,861 7,521    
Accrued interest 3,992 949    
Less: portion due within one year 25,335 27,426    
Derivative instruments 71 1,109    
Accrued income taxes 7,415 267    
Other current liabilities 4,735 3,162    
Total current liabilities 61,446 55,554    
Long-term debt 242,873 282,118    
Deferred income taxes 213,998 217,027    
Intercompany payables 0 0    
Other liabilities 1,956 2,111    
Total liabilities 520,273 556,810    
Redeemable noncontrolling interest 4,783 0    
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,499,050 outstanding, exclusive of treasury shares 207 204    
Additional paid-in capital 432,774 429,109    
Retained earnings 43,949 31,797    
Treasury shares, at cost, 151,193 shares (2,632) (551)    
Accumulated other comprehensive income, net of tax 92 95    
Total Era Group Inc. stockholders’ equity 474,390 460,654    
Noncontrolling interest (666) (290)    
Total equity 473,724 460,364    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 998,780 1,017,174    
Parent        
Current assets:        
Cash and cash equivalents 10,877 16,481 22,339 24,635
Receivables:        
Trade, net of allowance for doubtful accounts of $1,999 40 39    
Other 0 65    
Inventories, net 0 0    
Deferred income taxes 4,134 4,083    
Prepaid expenses and other 607 424    
Escrow deposits 190      
Total current assets 15,848 21,092    
Property and equipment 0 0    
Accumulated depreciation 0 0    
Net property and equipment 0 0    
Equity investments and advances 0 0    
Investments in consolidated subsidiaries 198,957 182,294    
Goodwill 0 0    
Intangible assets 0      
Intercompany receivables 501,929 616,932    
Other assets 5,704 6,914    
Total assets 722,438 827,232    
Current liabilities:        
Accounts payable and accrued expenses 449 299    
Accrued wages and benefits 0 0    
Accrued interest 3,977 930    
Less: portion due within one year 0 0    
Derivative instruments 0 784    
Accrued income taxes 0 0    
Other current liabilities 960 556    
Total current liabilities 5,386 2,569    
Long-term debt 242,754 282,118    
Deferred income taxes 0 0    
Intercompany payables 0 81,986    
Other liabilities 0 0    
Total liabilities 248,140 366,673    
Redeemable noncontrolling interest 0      
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,499,050 outstanding, exclusive of treasury shares 207 204    
Additional paid-in capital 432,774 429,109    
Retained earnings 43,949 31,797    
Treasury shares, at cost, 151,193 shares (2,632) (551)    
Accumulated other comprehensive income, net of tax 0 0    
Total Era Group Inc. stockholders’ equity 474,298 460,559    
Noncontrolling interest 0 0    
Total equity 474,298 460,559    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 722,438 827,232    
Guarantors        
Current assets:        
Cash and cash equivalents 0 22,188 16,001 5,403
Receivables:        
Trade, net of allowance for doubtful accounts of $1,999 39,364 33,351    
Other 2,460 1,997    
Inventories, net 24,735 26,869    
Deferred income taxes 0 0    
Prepaid expenses and other 2,326 2,237    
Escrow deposits 2,107      
Total current assets 70,992 86,642    
Property and equipment 1,150,020 1,161,330    
Accumulated depreciation (308,103) (306,010)    
Net property and equipment 841,917 855,320    
Equity investments and advances 30,256 31,753    
Investments in consolidated subsidiaries 0 0    
Goodwill 352 352    
Intangible assets 0      
Intercompany receivables 0 12,258    
Other assets 6,818 7,184    
Total assets 950,335 993,509    
Current liabilities:        
Accounts payable and accrued expenses 10,895 14,817    
Accrued wages and benefits 7,828 7,521    
Accrued interest 15 19    
Less: portion due within one year 25,335 27,426    
Derivative instruments 71 325    
Accrued income taxes 7,404 267    
Other current liabilities 3,767 2,606    
Total current liabilities 55,315 52,981    
Long-term debt 0 0    
Deferred income taxes 215,038 219,114    
Intercompany payables 481,130 536,341    
Other liabilities 1,956 2,111    
Total liabilities 753,439 810,547    
Redeemable noncontrolling interest 0      
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,499,050 outstanding, exclusive of treasury shares 0 0    
Additional paid-in capital 99,812 99,845    
Retained earnings 97,658 83,312    
Treasury shares, at cost, 151,193 shares 0 0    
Accumulated other comprehensive income, net of tax 92 95    
Total Era Group Inc. stockholders’ equity 197,562 183,252    
Noncontrolling interest (666) (290)    
Total equity 196,896 182,962    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 950,335 993,509    
Non-guarantors        
Current assets:        
Cash and cash equivalents 2,931 2,198 2,017 1,297
Receivables:        
Trade, net of allowance for doubtful accounts of $1,999 94 0    
Other 43 0    
Inventories, net 197 0    
Deferred income taxes 0 0    
Prepaid expenses and other 122 0    
Escrow deposits 0      
Total current assets 3,387 2,198    
Property and equipment 25,673 9,937    
Accumulated depreciation (2,967) (2,131)    
Net property and equipment 22,706 7,806    
Equity investments and advances 0 0    
Investments in consolidated subsidiaries 0 0    
Goodwill 1,237 0    
Intangible assets 1,411      
Intercompany receivables 1,199 1,395    
Other assets 0 0    
Total assets 29,940 11,399    
Current liabilities:        
Accounts payable and accrued expenses 693 4    
Accrued wages and benefits 33 0    
Accrued interest 0 0    
Less: portion due within one year 0 0    
Derivative instruments 0 0    
Accrued income taxes 1 0    
Other current liabilities 8 0    
Total current liabilities 735 4    
Long-term debt 119 0    
Deferred income taxes 818 0    
Intercompany payables 21,998 12,258    
Other liabilities 0 0    
Total liabilities 23,670 12,262    
Redeemable noncontrolling interest 4,783      
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,499,050 outstanding, exclusive of treasury shares 0 0    
Additional paid-in capital 5,056 496    
Retained earnings (3,569) (1,359)    
Treasury shares, at cost, 151,193 shares 0 0    
Accumulated other comprehensive income, net of tax 0 0    
Total Era Group Inc. stockholders’ equity 1,487 (863)    
Noncontrolling interest 0 0    
Total equity 1,487 (863)    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity 29,940 11,399    
Eliminations        
Current assets:        
Cash and cash equivalents 0 0 $ 0 $ 0
Receivables:        
Trade, net of allowance for doubtful accounts of $1,999 0 0    
Other 10 0    
Inventories, net 0 0    
Deferred income taxes (1,858) (2,087)    
Prepaid expenses and other 0 0    
Escrow deposits 0      
Total current assets (1,848) (2,087)    
Property and equipment 0 0    
Accumulated depreciation 0 0    
Net property and equipment 0 0    
Equity investments and advances 0 0    
Investments in consolidated subsidiaries (198,957) (182,294)    
Goodwill 0 0    
Intangible assets 0      
Intercompany receivables (503,128) (630,585)    
Other assets 0 0    
Total assets (703,933) (814,966)    
Current liabilities:        
Accounts payable and accrued expenses 0 0    
Accrued wages and benefits 0 0    
Accrued interest 0 0    
Less: portion due within one year 0 0    
Derivative instruments 0 0    
Accrued income taxes 10 0    
Other current liabilities 0 0    
Total current liabilities 10 0    
Long-term debt 0 0    
Deferred income taxes (1,858) (2,087)    
Intercompany payables (503,128) (630,585)    
Other liabilities 0 0    
Total liabilities (504,976) (632,672)    
Redeemable noncontrolling interest 0      
Era Group Inc. stockholders’ equity:        
Common stock, $0.01 par value, 60,000,000 shares authorized; 20,499,050 outstanding, exclusive of treasury shares 0 0    
Additional paid-in capital (104,868) (100,341)    
Retained earnings (94,089) (81,953)    
Treasury shares, at cost, 151,193 shares 0 0    
Accumulated other comprehensive income, net of tax 0 0    
Total Era Group Inc. stockholders’ equity (198,957) (182,294)    
Noncontrolling interest 0 0    
Total equity (198,957) (182,294)    
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ (703,933) $ (814,966)